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<p>[QUOTE="fatima, post: 1036453, member: 22143"]Gold is not a commodity in the conventional sense in that it is not "consumed" as it is the most recycled material on the planet. The only thing that changes is its form and who is holding it. The mass of gold on this planet has long outlived countless governments and their paper fiat currencies. The time to hold gold is during times of uncertainty when the ruling powers whether it be kings and their royal courts or wall street robber barons, start devaluing the currency to take wealth from those who still have it. It's up to the reader to decide if we are in one of those times or not. </p><p><br /></p><p>IMO, we won't be in a bubble until the Americans who foolishly sold their gold (only to see it flow overseas) desperately try to buy it back. The train will have pulled out by then, as history has proven over and over, the ones who bought the tickets early are the ones who got the best prices. When you see Walmart selling out of gold coins, then you might want to think about selling the gold you hold because the bubble will finally have arrived. Until then, we are not in a bubble.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1036453, member: 22143"]Gold is not a commodity in the conventional sense in that it is not "consumed" as it is the most recycled material on the planet. The only thing that changes is its form and who is holding it. The mass of gold on this planet has long outlived countless governments and their paper fiat currencies. The time to hold gold is during times of uncertainty when the ruling powers whether it be kings and their royal courts or wall street robber barons, start devaluing the currency to take wealth from those who still have it. It's up to the reader to decide if we are in one of those times or not. IMO, we won't be in a bubble until the Americans who foolishly sold their gold (only to see it flow overseas) desperately try to buy it back. The train will have pulled out by then, as history has proven over and over, the ones who bought the tickets early are the ones who got the best prices. When you see Walmart selling out of gold coins, then you might want to think about selling the gold you hold because the bubble will finally have arrived. Until then, we are not in a bubble.[/QUOTE]
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