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dom1971
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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

Are you expecting your current government to start a crazy conquest of all its neighbours any time soon? If you live in the USA then I find it even stranger that you expect your nation to be the loser in such a catastrophic event, since the winners get trainloads of gold to divvy up as the axis powers did after WW2. Is it really so safe to be a holder of gold in a conquered nation, even if you did survive the conquering? I expect it would also attract unwanted attention/theft/looting from the new authorities and/or your fellow countrymen.

Commented 3785 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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