2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 383.12

+0.8%

Nov 26 4:00 PM EST

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To: carranza2 who wrote (58244)	11/24/2009 1:08:57 AM
From: Maurice Winn	2 Recommendations Read Replies (2) of 218057

Don't get too excited too quickly C2. I remember the previous gold mania of the late 1970s, and don't forget Bunker Hunt and brothers cornering the silver market. It was supposed to be the same as is happening now, but it all turned to custard and for the next 20 years, the gold and silver bugs suffered. Now they are having a revivalist second coming and rushing up the mountains to avoid The Rapture. 30 years ago, when it was happening, people who are 40 now were only 10 so would have no memory of it to speak of. Even those who are 50 now would largely have been too busy chasing girls and drinking booze to have paid much attention. Most of those who are 60 wouldn't have noticed much more than lines of cars for gasoline and zooming fuel prices and not many would have been astutely paying attention to gold, money, the meaning of it all and the deficits would have been an abstract thing mentioned in dispatches of which they had no knowledge. Some of us have a feeling of deja voodoo. Seen it all before. Gold going to da moon? Yeah... yawn... end of the world... ho hum. Some of us are old enough to remember when the end of the world was seriously discussed and strontium 90 rained down on us from atmospheric testing and polluted grass and therefore cow milk. Gold at $2000 an ounce - ho hum. I calculated that a few years ago right here in SI and that was in 2003 or 2004. If gold was to largely replace US$, then it would be more like $10,000 an ounce and searches of SI would find the discussions. Some of us remember when inflation was galloping along at 10% and 20% with step change devaluations regularly at 10%, 15% or more before the NZ$ was floated in 1984. While there are a few $trillion in wobbly money to be accounted for with few visible means of support, it's not Game Over yet. Mqurice

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