Gee Mq, it's tough being in the financial services business. C2 asked you for an actual price of gold prediction, instead of generalities about how it was going to go down, so you gave it your best guess, with explanation, including that volatility in political shenanigans and hunting [price moving substantially as the unknown unknowns, known unknowns and known knowns come to the fore] was making it tough to be in the soothing business. You were even pretty well on the money [give or take a % or so].
Whether prices go up or down, somebody is winning and somebody is losing in terms of instantaneous purchasing power of Big Macs.
C2 should be happy when gold goes down, like you when QCOM goes down, because you can then buy another big tranche of the sacred goods at low prices.
Gold Bugs should be partying like there's no tomorrow, because they can load up with megatons of gold without having to pay many US$ to get more of the stuff they love.
Maybe they aren't really true believers if they are unhappy with gold being cheaper in US$, and were really wanting to have US$ and Big Macs rather than the one true sacred, venerable and venerated store of value and measure of all things known, unknown, and unknown unknown in a single number for time travel to a better tomorrow.
Mqurice
PS: I notice you didn't give your usual double your money back guarantee on that perspicacious prediction.
Note to self... next time somebody asks for a prediction, say "Aw shucks, that would be so egocentric to have an opinion and then consider at a later date whether said prediction was amazingly prescient or not". Maybe they don't really want opinions, they just want to gloat how atavistic Aztecian Gold Bugs are going to be dancing on the graves of the bust, broke and desolate as the last whimpers and financial twitches cease and the Aztecs hold the financial heart of the losers aloft in celebration. |
