Wednesday, August 12, 2015

Mainstream Media Gold Haters Should Really Be Worrying About What Is Going On In Their Own Backyard

Forbes points out that a recent Bloomberg article higlights that the gold rout has cost China and Russia $5.4 billion, an amount that would sound colossal were it not for the fact that U.S. media companies such as Disney and Viacom collectively lost over $60 billion for shareholders in as little as two days last week.


3 comments:

  1. Ha! Can't wait to hear how this will be spun if anyone picks up on it.

    ReplyDelete
  2. It is a little dishonest to say that gold is holding its own, when it has been crashing for the last 7 months.

    ReplyDelete
    Replies
    1. It is a little dishonest not to point out the dates being referenced in the chart to try and make your point.

      Delete