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<p>[QUOTE="coleguy, post: 705835, member: 9167"]Interesting article, fools gold, and something I do see happening, though I don't think it will work for long. Maybe someone can shed light on my reasonings for thinking this last rise in gold prices is no more than a bubble. Within an hour's drive from my home is one of, if not the largest, concentrations of gold mines in the US. More than 90% of them have been shuttered since the early 90's when gold took a tumble, and have yet to see it profitable to re-open. Many friends have lost their jobs, their homes, some their families because of this. I would think if anyone knows the cycle of gold fluctuations better than anyone else, it's the people who produce it, like in any manufactoring sector. So, why have they seen fit to not open the mines again if the prospects for gold appear so great? What are they seeing that most here are not? Like any investment, I look at what the people in the know are doing instead of following the panicking throngs.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 705835, member: 9167"]Interesting article, fools gold, and something I do see happening, though I don't think it will work for long. Maybe someone can shed light on my reasonings for thinking this last rise in gold prices is no more than a bubble. Within an hour's drive from my home is one of, if not the largest, concentrations of gold mines in the US. More than 90% of them have been shuttered since the early 90's when gold took a tumble, and have yet to see it profitable to re-open. Many friends have lost their jobs, their homes, some their families because of this. I would think if anyone knows the cycle of gold fluctuations better than anyone else, it's the people who produce it, like in any manufactoring sector. So, why have they seen fit to not open the mines again if the prospects for gold appear so great? What are they seeing that most here are not? Like any investment, I look at what the people in the know are doing instead of following the panicking throngs. Guy~[/QUOTE]
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