C2, I have always found it very useful to know what the mob is doing and thinking. Preferably, what they will do and think when I present them with my latest new-fangled idea. But also to avoid being in the mob at the wrong time.
I have never been in a mosh pit and have no intention of starting now.
That could have been written in 1980: <
It is unfortunate that you do not understand.
If bricks or old mops exhibited the current market behavior of gold, I would be in bricks and old mops.
It is about making a profit, pure and simple, and preserving wealth.
Gold is just an instrument like many others > The Hunt brothers had similar thinking with silver, and tried to corner the market to enjoy even greater gains. Ooops a daisy.
I have no antipathy to those who buy gold. It's a less harmful activity than my golfing which involves creating noise, fumes, [to take the car there], personal injury [minor normally though being hit with a high-flying ball certainly hurts - I hit somebody in a group which had called us to play up]. Gold buyers are about as harmless a group as I can imagine.
My antipathy is to owning gold. And even that is really only because of the transaction costs, storage costs, risk of loss. I had a stash of silver coins when I was young and somebody stole them. Lesson learned. Friends and family are not to be trusted with silver [and presumably gold].
My sooths, the most highly precise gold price predictions seen anywhere on the planet, show this is wrong: <Your arguments pale when compared to the judgment made by the markets. All your well-crafted circumlocutions, analogies, reasons, criticisms, pointed irony, etc., are irrelevant when compared to the results. It means that you are wrong but refuse to acknowledge your error. > When the reality matches my predictions, what else do you want?
Gold is a good measuring stick for mob mentality. Coldly rational engineers and scientists like good measuring sticks: <If you truly autistic about gold, I should think you wouldn't go on and on about it. > I go on and on about mob mentality because that's a very important aspect of reality with which I must cope. Not because I have an emotional relationship with gold.
NGD eh? Hmmm.... interesting. Never heard of that. It's tempting to conduct a transaction to join in with the mob mentality. Watch this space. Thanks for the suggestion.
Mqurice |
