Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (176490)	10/7/2009 6:45:23 AM
From: TheSlowLane	4 Recommendations Read Replies (2) \| Respond to of 312407

Beware the gold bubble The run-up in price to more than $1,000 an ounce has investors excited. But market fundamentals point to a decline. By Scott Cendrowski, reporter Last Updated: October 7, 2009: 4:05 AM ET money.cnn.com ---- Be sure to watch the video that is embedded in the article at the above link. At the 2:12 mark, the "best argument" against owning gold, which they got from the comments section, is from Joe Villani. Joe says: "The simple law of supply and demand will keep it from rising. We don't really need it. As the price goes up, demand goes down. More importantly supply goes up, the supply floods the market, and prices go back down." Thank you, Joe, for that rigorous analysis of the gold market. I had no idea that gold mines have a spigot which can be cranked open to spew out gold at any desired rate. I guess you learn something new every day. I hope everyone here has gold flood insurance, sounds like we will be awash in the stuff very soon now.