Re: Gold: I smell a trap

An interesting audio interview: Why are people so eager to make predictions? because there's no consequence for making wrong predictions.

http://marketplace.publicradio.org/display/web/2011/08/09/pm-freakonomics-why-are-we-so-bad-at-predicting-the-future/

did you not notice that i'm willing to bet him 100 BTC or $1000 to be held in escrow that the Dow will be lower one year from now than today?

I noticed. yes, it's a prediction. I don't bet on coin flips.