Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
STT
on 11/10/2014, 01:01:04 UTC
Anybody want to predict the floor on Gold? And when?
I put in a outside range for gold which relates to the 1970's.   Also a time of turmoil and change as dollar first departed from a set standard, price controls were put in and so on.  Might not seem that extreme now but anyhow gold fell 50% during that time from its peak.   It later resumed and gained new highs.
Not my prediction, look up Marc Faber who was trading at that time and is now

Quote
Someone has to prop up the markets  Roll Eyes

I cannot comprehend how confidence has still not been completely lost
Its seen as point of strength, till tested we wont know.   We have 24% of gdp resting with one person and their ideas of what money should be, I guess its still better then a dictatorship but we are a long way from texas now toto Tongue (and capitalism)