not seriously; for i believe we will see gold at 3,000 before we see 300, but nothing is impossible, remembering that the most outrageous is always saved for the end
my issue is that i have a large allocation to physical gold that was never meant to be traded
but when i started accumulating the hoard, hedge funds were essentially a non issue
now they most certainly are a very large factor in the action of the markets - all markets
one could picture the funds wallowing in gold and silver, driving gold to 1,800 and silver to 180, leveraged to the eye balls, and then someone shouts "shark under water!!!", and anyone else screams "gasoline on the water!!!"
silver collapses down to 8, spooking gold, setting off exodus, and kaboom, before one can spell collapse, we are down at 300
the whole episode would of course be outrageous, but so what?
and whenever the US Congress finally decides it wants to unload gold, that would be a bad bad DUGD day.
we here on SI kid around a lot, all for good fun, but at the end of every day, money is not a game, it is almost life and death match, on-line arena style, for individuals and nation states |
