What happens when gold prices go down? Do we know where all the gold is?
Surely when the gold bubble bursts (not sure when, but it will) what will happen? Well for people who like to learn from history please remember that it went up 25 times in the 1970s! It started from an artificially held price of US $ 35 to US $ 850…
this bull run has started from US $ 250 – so 25 times is 6250. L O L
MORAL: LEARN FROM HISTORY, DO NOT CUT N PASTE.
Of course this time it could be different (the verb is COULD) – we have no clue what could happen.
Let us look at China. There is clearly some unrest – so your middle class could buy all the gold to hoard ‘value’ instead of shares and bank deposits. No clue whether it will happen.
Indian buying could come down – rising interest rates and inflation will reduce appetite for gold. No clue.
there is one site which carries a scary story…but remember this is not an authentic site like a BBC, Reuters or bloomberg…It is your call on whether to believe it..
Worst is the gold story doing the rounds in the IMF – broken by the European Union Times…scary. Of course if it happens GS will say ‘According to our experts 35% of the security held by banks is actually brass…’ What will happen to the world gold prices? Well no clue. But please read on:
I HAVE HEARD FROM A VERY AUTHENTIC SOURCE THAT THIS IS JUST A SCARE MONGERING SITE – SO READ IT WITH A PINCH OF SALT…do not take it seriously for heavens sake..
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