This hillbilly predicts Gold Bubble will burst soon.

Discussion in 'Economy' started by Missourian, Feb 24, 2010.

  1. Missourian
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    Missourian Gold Member

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    What do I base this revelation on?

    You may not remember the scrap metal bubble of 2005...you city folks probably missed it altogether...but every telephone pole in Missouri was festooned with freshly printed fliers announcing "We pay $50/$100/$150/$200 for scrap cars" and everyone bought a 16 foot trail and scoured the back roads for any rusting hulks in yards, fields, barns and bushes...and just about that time...when everyone had heard about the hidden treasure of scrap metal...the bubble burst and scrap metal prices plummeted.


    But surely you remember the height of the Housing Bubble...every other commercial was "Learn to flip houses and become a millionaire"?

    And everyone was doing it...driving housing prices up higher and higher and higher...until THAT bubble burst.


    And the stock market bubble...stock prices kept going higher and regular folks were buying in at hyper inflated prices believing that they couldn't lose...right up until they lost.



    Well now every other commercial is "Send us your unwanted gold and we'll pay you cash" or "invest in gold with Goldline/Roseline/Gold Connection/Fill in the company of your choice"...even the local guys are getting in on it now, my local Springfield gold buyer is running a TV commercial asking "Why send your unwanted gold away in the mail...bring it to me."

    Gold prices are at record highs and everyone wants in.

    Everyone is talking about it...everyone is advertising buying or selling...and when everyone knows something the bubble is right on the verge of bursting.

    Now like I said, this is just one hillbillies opinion...but if I owned gold as an investment...I'd get out while the gettin's good.
     
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    Last edited: Feb 24, 2010
  2. Modbert
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    Modbert Daydream Believer Supporting Member

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  3. RodISHI
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    RodISHI Gold Member

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    Can't eat gold.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Can't scoop up your dirt and get the hell out of Dodge, should the occasion merit. :lol:
     
  5. Neubarth
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    Neubarth At the Ballpark July 30th

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    Gold is just a pretty yellow metal. It is worth whatever people are willing to pay for it. Ya can't eat it, and if food becomes scarce food then becomes more valuable than gold. That is not by unit of measure, just unit of need.
     
  6. Missourian
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    Missourian Gold Member

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    Here's an article about the scrap metal bubble for those of you who missed it:

     
    Last edited: Feb 25, 2010
  7. Toro
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    Toro Diamond Member

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  8. Valerie
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    Valerie Gold Member

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    I agree.

    Another factor is the mine production is bound to increase soon.







    Uses & Applications > Utilise Gold. Scientific, industrial and medical applications, products ,suppliers from the World Gold Council
     
  9. JWBooth
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    JWBooth Gold Member

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    Followed by other commodities?
     

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