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<p>[QUOTE="krispy, post: 894772, member: 19065"]I read it too. It was really an overview. The top half of the story was for the glossary readers and seemed to exercise caution. The rest didn't really take much of a stance but tried to repeat much of what you and members of these threads likely already know about PMs. For me the article wasn't really worthy of editorial comment, maybe it was just published as an eye catching headline in a week after a significant spike in PMs finally takes a break. I also don't fully agree with the assessment of of the hedge fund manager at the end of the article. People are buying gold, it's running out on bullion dealers web sites (unless the dealers are artificially representing their inventories that way) and while economies do seem to be working furtively to rectify from further crisis which we still seem to be dangerously near, I don't see individuals selling their gold off, nor getting the prices they want for it, as individuals don't seem to be buying much from one another on secondary markets-- instead buying is happening between dealers and individuals. The article ended rather ambiguously with that bubble statement as well without providing any counterpoint to it.</p><p><br /></p><p>You're right to wonder about past predictions given for this time period compared to current predictions about the future prices before you accept what these articles and institutions espousing them have to say, but then you are more appraised of the proliferation of BS in the media to steer clear of.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 894772, member: 19065"]I read it too. It was really an overview. The top half of the story was for the glossary readers and seemed to exercise caution. The rest didn't really take much of a stance but tried to repeat much of what you and members of these threads likely already know about PMs. For me the article wasn't really worthy of editorial comment, maybe it was just published as an eye catching headline in a week after a significant spike in PMs finally takes a break. I also don't fully agree with the assessment of of the hedge fund manager at the end of the article. People are buying gold, it's running out on bullion dealers web sites (unless the dealers are artificially representing their inventories that way) and while economies do seem to be working furtively to rectify from further crisis which we still seem to be dangerously near, I don't see individuals selling their gold off, nor getting the prices they want for it, as individuals don't seem to be buying much from one another on secondary markets-- instead buying is happening between dealers and individuals. The article ended rather ambiguously with that bubble statement as well without providing any counterpoint to it. You're right to wonder about past predictions given for this time period compared to current predictions about the future prices before you accept what these articles and institutions espousing them have to say, but then you are more appraised of the proliferation of BS in the media to steer clear of.[/QUOTE]
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