Why would anyone buy gold *now*? It's clearly at or near the top of its bubble. I guess if you wanted to do short-term speculation before everyone starts selling their gold to buy cheap dollars; but that's a risky route.
Or do I not think like the man in the street, the one who's about to sell low and then buy high later?
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Date: 2008-10-10 12:30 am (UTC)Why would anyone buy gold *now*? It's clearly at or near the top of its bubble. I guess if you wanted to do short-term speculation before everyone starts selling their gold to buy cheap dollars; but that's a risky route.
Or do I not think like the man in the street, the one who's about to sell low and then buy high later?