Friday, Mar 14, 2008
BBC talks history of gold and how many chose to "protect themselves" from inflation (sound familiar? )
BBC online: 30 years of gold highs and lows
Gold goes more and more mainstream the more new highs are reached, causing more awareness in the general public and in fund manager circles causing further purchasing and further increases in the price. George Soros calls it "reflexivity"; price increases leading to further price increases in a self-reinforcing feedback loop, these don't go on forever however. I expect more and more columns of print will be devoted to the precious metals story then at x point in the future it will dive, not before all the subprime dross is cleared out of the system and confidence returns to the credit markets and the world economy, then the first shoots of the next property boom will commence.
Posted by perishabull @ 06:07 AM (124 views) Add Comment
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