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does anyone else here think that gold will go way down...
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<p>[QUOTE="rld14, post: 517742, member: 16133"]Here's a simple rule that I have found to be pretty accurate.</p><p><br /></p><p>Anything that goes up in value at a rate that's multiples of inflation WILL crash. Spikes/bubbles/etc are never sustainable.</p><p><br /></p><p>Look at coins, they spiked and crashed in 1965, 1980, 1989 and they have again recently spiked and seem to be in the beginnings of a crash now.</p><p><br /></p><p>Collector cars have done this</p><p><br /></p><p>Stamps have done this</p><p><br /></p><p>Baseball cards</p><p><br /></p><p>Real Estate</p><p><br /></p><p>Silver</p><p><br /></p><p>Gold will do the same thing. I think that, in today's money, gold should settle in the $5-600 range per ounce.</p><p><br /></p><p>Historically, in today's money, oil should be in the $35-40/bbl range. Where has it settled? Adjusted for inflation we've historically paid a bit under $2 in today's money for Gasoline. Where has Gasoline stabilized?</p><p><br /></p><p>$950 an ounce is not sustainable long term IMO.[/QUOTE]</p><p><br /></p>
[QUOTE="rld14, post: 517742, member: 16133"]Here's a simple rule that I have found to be pretty accurate. Anything that goes up in value at a rate that's multiples of inflation WILL crash. Spikes/bubbles/etc are never sustainable. Look at coins, they spiked and crashed in 1965, 1980, 1989 and they have again recently spiked and seem to be in the beginnings of a crash now. Collector cars have done this Stamps have done this Baseball cards Real Estate Silver Gold will do the same thing. I think that, in today's money, gold should settle in the $5-600 range per ounce. Historically, in today's money, oil should be in the $35-40/bbl range. Where has it settled? Adjusted for inflation we've historically paid a bit under $2 in today's money for Gasoline. Where has Gasoline stabilized? $950 an ounce is not sustainable long term IMO.[/QUOTE]
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