<<Promoters of gold as an investment hav a big job ahead of them to convince the other 80% that gold is more than shiny jewelry. I know gold is more than shiny jewelry, but I accept the fact that 80% of the buyers do not care>>
Thanks, Bob.
This is my calculation. 5% percent of population or even less are true investors. This 5% usually have very good instincts thats why they are true, not having their positions in banks or financial institutions because they were born in good houses, not loyal to anybody, not obligated to listen to anybody, they only for themselves, the rest are followers. When they smell the blood, they are like sharks. And they smell the blood now. They made enough money on the bubble, having little rest now. All they need to do is to give a fiesta signal. Hords of hardly beaten are waiting for direction.
Never mind Bob, society not having enough money to buy gold at $260 will be more than happy when they can buy at $600.
Silver might do better than gold.
I'm promoter of humanity.
Regards, Marek |
