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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

I believe that if you did a little light reading about Weimar Germany you would find yourself second guessing the whole 'generation or two' thing. Those that had PM's during the Weimar period ate, those who didn't, well they didn't. Did it take generations before those with PM's were able too use them, not at all. Do the research, your in for a surprise.

That's not saying that other items weren't or won't be used for barter but PM's are buried deep in the human psychs and will always have value attached to them in any circumstance.

Commented 3788 days ago

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Beginning of the headline :After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart can certainly seem to confirm this impression. Gold's price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall selloff. Many technical analysts are saying that the "damage" on the charts is too great for gold to recover. The rout is so bad, even hardened goldbugs have grown quie... Read More

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