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<p>[QUOTE="medoraman, post: 1238109, member: 26302"]Fortunes were lost predicting correctly the dot com bubble burst and the housing bubble burst. It is never enough to be right on the idea, you also have to be right on the timing. The old saying is that the market can be wrong a lot longer than you can remain liquid.</p><p><br /></p><p>Regarding the notion above about how India and China has all of this money they can buy gold with. Both countries will have MAJOR crisis very shortly. India more than China. In India, over half of their population is under 16. Think about that. IN the next 15 years 700 million more people will need housing, jobs, food, and have their own families. How is a country that is as poor, crowded, and underemployed now going to be able to provide that? The only answer will be higher taxes on the rich, taking away their ability to spend as much on gold. China is aging more rapidly than any country on earth, and in 15 years will have something like 400 million retirees. That is a lot of "free" healthcare for a developing country to provide. Again, I see higher taxes.</p><p><br /></p><p>Just a couple of things to think about. I do not see really any country on earth so well positioned they can just freely spend most of their wealth on PM. I see some major problems for most countries. We are not alone in spending orgies, most countries have done the same, and those that haven't for the most part have some serious population issues that will also drain disposable cash. You could argue some of the lower population oil exporters, but those have had spare cash for a long time, so its not any new demand on the market.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1238109, member: 26302"]Fortunes were lost predicting correctly the dot com bubble burst and the housing bubble burst. It is never enough to be right on the idea, you also have to be right on the timing. The old saying is that the market can be wrong a lot longer than you can remain liquid. Regarding the notion above about how India and China has all of this money they can buy gold with. Both countries will have MAJOR crisis very shortly. India more than China. In India, over half of their population is under 16. Think about that. IN the next 15 years 700 million more people will need housing, jobs, food, and have their own families. How is a country that is as poor, crowded, and underemployed now going to be able to provide that? The only answer will be higher taxes on the rich, taking away their ability to spend as much on gold. China is aging more rapidly than any country on earth, and in 15 years will have something like 400 million retirees. That is a lot of "free" healthcare for a developing country to provide. Again, I see higher taxes. Just a couple of things to think about. I do not see really any country on earth so well positioned they can just freely spend most of their wealth on PM. I see some major problems for most countries. We are not alone in spending orgies, most countries have done the same, and those that haven't for the most part have some serious population issues that will also drain disposable cash. You could argue some of the lower population oil exporters, but those have had spare cash for a long time, so its not any new demand on the market.[/QUOTE]
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