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


To: carranza2 who wrote (79282)9/8/2011 11:27:21 PM
From: Maurice Winn2 Recommendations  Respond to of 217561
 
Gold as a religion: businessinsider.com

Educational material for cultists. My GLD short is doing fine so far. Recommendation - sell gold.

My sooth from years ago was that gold would reach $2000 with serious US$ glitches, which we have, but they are not that serious yet. There is some self-doubt for true believer cultists to be challenged and many will fail the test. Which is not to say lumps of gold should be sold [as there are high transaction costs making that uneconomic]. Paper gold is weightless with low transaction costs in and out, so they can be ditched easily at low cost. Then bought again after the punishing of doubter apostates.

In The Business Herald today there is a multi-page article/advertisement really about gold. The producers of coins and whatnot in NZ say business is going crazy, meaning 10 times what it was a couple of years ago.
Here it is via the wonders of Cyberspace: nzherald.co.nz
Mqurice