"Scurvy Dog" wrote in message
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"Bob-tx" wrote in message
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"Scurvy Dog" wrote in message
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Gold hits 6 month high, closing in on $1200/oz
Silver closing in on $19/oz.
Time to sell?
Industries that use gold in manufacturing (not jewelry) are
selling off their gold stock, since it is little used anymore.
Gold is a commodity like corn, beans, or cattle, (ask Hillary
about cattle commodities). The main thing keeping prices at a
high level at this time is people speculating in gold, thinking
it won't go anyplace but up.

It is sort of like buy a big bag of potato chips for $1.00, and
tell others that it
is a great investment, so the word spreads and soon potato chips
are selling for
$10 a bag, but no one eats them - they are an investment.
Finally someone opens
a bag and finds out they are nothing special, and spreads the
word, and the price
quickly drops back to $1 a bag.

Another example is like the guy who went into the jungle and told
the natives that
he would buy monkeys at $10 each. The natives caught hundreds of
monkeys and sold them. The money population was lowered and they
were harder to catch, so
the man offered $20 per monkey. Again, he bought huge numbers of
monkeys.
When the monkeys got really hard to find and catch, the man said,
I need to go
to the city to get more money, but when I return, I will pay $50
per monkey. Meantime, I am leaving my assistant in charge to feed
all the monkeys in the pen.

When the man was gone, the assistant told the people they could
get $50 a monkey, so I will sell you monkeys at $35 each, and
when the man comes back, you can sell them for $50. The natives
bought all the monkeys, and the assistant left, and neither he
nor the monkey buyer were ever seen again.

Buy your gold, but don't come crying when the price falls.

Sorry to bust your bubble, but that's the way it is.

I didn't realize I had a bubble to bust.
Or are you generally just a condescending jerk to everyone?

I didn't realize I was a jerk by telling you the truth,
but normally, I am only a jerk to dogs. That you?
Bob-tx