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<p>[QUOTE="JoeSmith, post: 576758, member: 18021"]I'll take a crack at that. When the NASDAQ was making its big run, there were companies that not only never showed a profit, they didn't even have any revenue, and their stock was still going up. There companies weren't worth anything. When a stock loses 80 or 90% of its value, it usually goes to zero. People don't usually load up on a stock that gets real cheap. Gold can't go to zero, because gold is real. </p><p><br /></p><p>When gold starts going up, it doesn't mean gold is in a bubble, it means the dollar is headed for zero. The dollar can go to zero, many currencies have. Gold can't go to zero, because it is real. That means the price of gold can go to infinity. When Germans were burning their money for heat, the price of gold in terms of the German paper currency was approaching infinity.</p><p><br /></p><p>Its all in your point of view. Its only been 45 years since our dollar became totally faith based. I'm amazed its lasted this long. I think its because there hasn't been any alternative.[/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 576758, member: 18021"]I'll take a crack at that. When the NASDAQ was making its big run, there were companies that not only never showed a profit, they didn't even have any revenue, and their stock was still going up. There companies weren't worth anything. When a stock loses 80 or 90% of its value, it usually goes to zero. People don't usually load up on a stock that gets real cheap. Gold can't go to zero, because gold is real. When gold starts going up, it doesn't mean gold is in a bubble, it means the dollar is headed for zero. The dollar can go to zero, many currencies have. Gold can't go to zero, because it is real. That means the price of gold can go to infinity. When Germans were burning their money for heat, the price of gold in terms of the German paper currency was approaching infinity. Its all in your point of view. Its only been 45 years since our dollar became totally faith based. I'm amazed its lasted this long. I think its because there hasn't been any alternative.[/QUOTE]
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