Some comments on that article have been made on the Gold Price Monitor thread by one "goldsnow". Comments like, it is specious, "biased and stupid", "probably written by a junior guy", etc. were given. And one "Alex" stated a while back that while many things that Man had created had turned into "s*it" over the ages, gold has remained eternally gold and ever a store of value.
That article, while it does not lack logic, certainly reflects the bias of some new-era paradigm shift-er. The writer seems to believe that, sooner or later, goldbugs are going to receive the new-paradigm shaft or get squashed altogether.
Well, in the same vein, I can also say that there are a number of events are likely to occur. For example, while EMU sounds or looks delicious, it may not fly and is likely to get fried! What would this do the pog? Mind you, the highly perspicacious Brits do not want to be among the initial participants in EMU and you can bet they have excellent reasons for staying out. They know history only too well!
Furthermore, don't forget it is possible that parts of the Middle East might evaporate or be transformed into carbon and carbon dioxide, among other things, in the not too distant future. What do you think will happen to the price of gold then? I don't know the answer. But I believe, if history is any guide, it may well go up and up.
It is interesting to note that whereas Nostradamus had foretold that doom and disaster await mankind at the tail end of this century, Ralph Ocampora yesterday said that the bull market is still intact and a DOW runup to 8750 this year and to 10,000 next year will happen. Then a terrible crash will follow in short order. |
