SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: koan9/23/2011 11:00:44 AM
  Read Replies (1) of 542598
 
Some thoughts;

I was thinking about the differences between 29/08 and now. 29 crashed because the stock market was a sort of pyramid/ponzi scheme. Many companies just had stock of other companies. House of cards.

But in 2011 corporations are solid. And 08 had currencies of last resort, but not so much in 2011 with both the dollar and euro suspect with weak economies and high debt. So fundamentals are different.

NGD is just following falling markets and gold I think, like in 08. But I think gold will turn as people convert to dollars and then gold will mov up as the markets have and will find a fundamental bottom of value gvien their intrinsic wealth. . As mentioned, 11 is different than 29 or 08, IMO.

But I could be wrong, and gold and gold stocks could crash like 08?????
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News