gold, bubble not even close

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christophe's picture
christophe
Status: Member (Offline)
Joined: Jul 13 2009
Posts: 7
gold, bubble not even close

I never post but do sometimes lurk about on this site, i have been adding gold to my collection since 2003

and i am told its in a bubble      click on all blue tabs          http://www.sharelynx.com/chartstemp/BubbleComparisons.php

came across this link, see it and enjoy

docmims's picture
docmims
Status: Platinum Member (Offline)
Joined: Jun 17 2009
Posts: 644
Re: gold, bubble not even close

Chris you are referring to George Soros' famous gold is in a bubble quote from last year?  Since that quote old George has bought more gold than most countries's national reserves.  Is George trying to cut his own throat as he tries to unload his vast amounts of Gold?  Perhaps we should respond more to his actions than his words.

Thanks for the chart and welcome as a new posterSmile

christophe's picture
christophe
Status: Member (Offline)
Joined: Jul 13 2009
Posts: 7
Re: gold, bubble not even close

greetings , and thanks docmims

Firstly, i am in the money industry, in Canada, western province, the land where we believe that everything belongs to us.Many of my peers do not share in my sentiment or the gravity of the sitiuation worldwide, but rather, they find me mildly amusing and pretty much a killjoy

I just came back from a presentation ,  a few hours ago by Dr maurenbeeld, a really smart economist ( or so it seemed, until today)

As he was speaking, i could not help think  that he grossly understated the current gravity  today, world wide, blew off the comment of the bond market inploding as no big thing, and that equities are the place to be,; and as i looked around, in a sea of brokers and planners a series of  bobbling heads like cupppee dolls rolled around me  , with a gentle smile, reminsent of one having a few too many,

That is why we have no bubble, in part they are self serving( did i write  that) but really they dont get it

http://www.financialsense.com/contributors/jonathan-kosares/%EF%BB%BFgold-a-bubble\

kind regards

re; soros

exactly!!!!, do as i say, but don't do as i do, mantra

Oh yes and Good ol' george, bought some amazing amount of gold a few weeks/months after he made that comment,as he shook a few weak hands loose,  and continues to be accumulating,  sleight of hand trick

christophe

 

 

christophe's picture
christophe
Status: Member (Offline)
Joined: Jul 13 2009
Posts: 7
Re: gold, bubble not even close

 

http://www.bullionbullscanada.com/index....

this an exerpt from a story that was forwarded to me today

"Regular readers know that I have a strong appetite for famous clichés, and other time-tested “pearls of wisdom”. Among such timeless pieces of wisdom is the old adage that “actions speak louder than words”. It is in that light that I listened with great interest to a BNN interview with Jason Toussaint.

He is the “Managing Director” of World Gold Trust Services. This subsidiary of the World Gold Council is the operator of the massive, “bullion-ETF”, the SPDR Gold Trust – more commonly known by its NYSE symbol: “GLD”. We would naturally expect this GLD executive to be an investor in the gold market, himself. Thus, he was asked at the end of his interview to disclose his own precious metals holdings.

After just a momentary hesitation, Toussaint replied that he held “physical bullion” and the equities of precious metals mining companies. Did anyone notice anything missing from his holdings? Perhaps the believers in GLD would have hoped/expected that the WGC executive directly in charge of GLD might actually hold some of the $50 billion in GLD units?

While I have provided readers with numerous reasons to shun these banker-shams (most recently in “The Seven Sins of GLD”), obviously none of these individual reasons could be as damning as the admission by the “Director” of this fund that (as a gold investor) he doesn’t hold his own market product.

, “actions speak louder than words…”

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