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looks like gold is going back down
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<p>[QUOTE="cjh1985, post: 653225, member: 19846"]I hear ya, </p><p> </p><p>but that sounds like the people who continued to buy real estate in 05, 06, and 07 even though prices had skyrocketed - saying "this time it's different - the conditions are different - yes prices are incredibly high but, but, but". Or the people who bought dot com stocks even though the companies had no earnings. A bubble, is a bubble, is a bubble, and gold has a chance to be the next bubble to pop (if it does go to 1,300, 1,400, or higher).</p><p> </p><p>For my money, if I'm in an asset that increases in value by 100 or 200% in a relatively short period of time, I'm rebalancing my portfolio. Just a way to reduce risk.</p><p> </p><p>If gold goes to $1,500 in the next couple years? or even $1,400 or maybe $1,300, I'll sellin - I don't care what the conditions.</p><p> </p><p> - just my 2 cents (1 indian head, 1 lincoln) </p><p> </p><p>It's all good :smile[/QUOTE]</p><p><br /></p>
[QUOTE="cjh1985, post: 653225, member: 19846"]I hear ya, but that sounds like the people who continued to buy real estate in 05, 06, and 07 even though prices had skyrocketed - saying "this time it's different - the conditions are different - yes prices are incredibly high but, but, but". Or the people who bought dot com stocks even though the companies had no earnings. A bubble, is a bubble, is a bubble, and gold has a chance to be the next bubble to pop (if it does go to 1,300, 1,400, or higher). For my money, if I'm in an asset that increases in value by 100 or 200% in a relatively short period of time, I'm rebalancing my portfolio. Just a way to reduce risk. If gold goes to $1,500 in the next couple years? or even $1,400 or maybe $1,300, I'll sellin - I don't care what the conditions. - just my 2 cents (1 indian head, 1 lincoln) It's all good :smile[/QUOTE]
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looks like gold is going back down
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