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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (59682)1/4/2010 4:51:28 AM
From: TobagoJack  Read Replies (2) | Respond to of 218005
 
the bubble is in paper

only two swimming pools volume of gold around in this galaxy as we now know it



To: KyrosL who wrote (59682)1/4/2010 9:52:59 AM
From: Tommaso  Read Replies (1) | Respond to of 218005
 
First of all, CNBC is not talking about gold 24/7. I have some VHS tapes from the 1980s when that was more nearly true. It's been a while since I viewed one, but at that time, as I remember, the ads from precious metals companies took up as much as a third of all commercials. Gold currently gets about the same amount of attention as oil; Intel is mentioned about as often as gold.

Second, although a person who watches CNBC may get the impression of being part of a huge audience, CNBC is only one of as many as 200 channels availablke to the public. I have several hundred friends, and I am not aware of a single one who turns on CNBC regularly. There may be a few who do and don't talk about it.

I subscribe to a local paper with a circulation of maybe 50,000 and a readership of maybe twice that many. All sorts of business and financial topics are covered, but not gold. At least not until this morning. And that was about local gold mines that are long since abandoned.