tag:blogger.com,1999:blog-3758330678390419129.post4489419868018644678..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Gold "Crash" That Wasn'tRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-86349325323556852872013-04-14T17:45:30.562-04:002013-04-14T17:45:30.562-04:00Point well taken. It seems to me that hot money is...Point well taken. It seems to me that hot money is leaving gold for stocks. I have no idea how long that will continue. My entirely random guess is till gold is about 1000-1200 and then it will go back up. If so the the financial media will be insufferable for a while longer before they are forced to shut up.<br /><br />Thanks for the response.<br /><br />LysanderUnknownhttps://www.blogger.com/profile/07611397300469313406noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57528236963814629002013-04-14T13:02:45.955-04:002013-04-14T13:02:45.955-04:00Whether or not it's a top is yet to be seen.
...Whether or not it's a top is yet to be seen.<br /><br />My point is that a "Crash" or "Collapse" has not occurred even though the media is portraying otherwise.<br /><br />Can a crash happen in the future? Of course....but it has not happened yet.Chris Rossinihttps://www.blogger.com/profile/02986002946096496906noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40557163496770023392013-04-14T12:59:39.338-04:002013-04-14T12:59:39.338-04:00AR...I have to disagree with you about inherent va...AR...I have to disagree with you about inherent value.<br /><br />There's also no such thing as a "store of value".<br /><br />I won't go into that further here in the comments, but I do point you to Mises and Rothbard as they covered values very thoroughly.<br /><br />As to gold future, it may continue to go lower for awhile.<br /><br />The point of the post was to show that a Chris Rossinihttps://www.blogger.com/profile/02986002946096496906noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75198207708180959842013-04-14T12:03:48.820-04:002013-04-14T12:03:48.820-04:00Actually, some things do have inherent value - foo...Actually, some things do have inherent value - food, water, air, shelter - but no, you can't eat money. Gold does have some practical and non-practical uses - electronics, jewellery, etc - but its function as a store of value is as meta-rational as using cowrie shells for currency. And what's driving its function as a store of value? Markets, which are after all decisions by people. Care A Rhttps://www.blogger.com/profile/14366635013280306518noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8350465355238308962013-04-14T09:49:45.939-04:002013-04-14T09:49:45.939-04:00Sorry but that chart looks like a classic top to m...Sorry but that chart looks like a classic top to me. Now "Crash" depends on what you mean by it. Gold is never going to be 300$/oz ever again. But can it fall to 1200 or even a 1000? It sure can. After that it could easily go back up, to who knows how high.<br /><br />Ultimately, the fiat money crowd will be proven dead wrong. But it may take longer than you think.<br /><br />LysanderUnknownhttps://www.blogger.com/profile/07611397300469313406noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71070702653342087102013-04-13T19:37:12.894-04:002013-04-13T19:37:12.894-04:00Precious metals are on sale. Back up the truck, f...Precious metals are on sale. Back up the truck, folks.Stevehttps://www.blogger.com/profile/13156269157955500129noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29086395825317469562013-04-13T16:45:33.860-04:002013-04-13T16:45:33.860-04:00which junior miners look good to you?which junior miners look good to you?KaliLilla.comhttps://www.blogger.com/profile/08320838394639521749noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72854138005571100362013-04-13T13:36:13.574-04:002013-04-13T13:36:13.574-04:00Personally plowing into junior miners. Will be lo...Personally plowing into junior miners. Will be loading up on physical when bonuses hit.ozhttps://www.blogger.com/profile/11661124610727996563noreply@blogger.com