Sunday, Dec 20, 2009
Another one for the gold bugs
Telegraph: Patients selling their braces as price of gold rises
It s about to pop... after the taxi driver and the owner of the corner shop tell you about gold... now you get the chance to be offered dental braces too... this raises the bubble to a new level of poetry
Posted by confused76 @ 07:54 PM (850 views) Add Comment
11 Comments
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1. quiet guy said...
Oh dear.
It's way too early for your trademark WAH HA HA! on this one, Confused76.
When you see stalls in shopping centres offering to sell you gold instead of buy your gold, that's the time to be concerned.
2. bidin'matime said...
Quiet guy - my thoughts exactly.
3. Andrew said...
Sorry to burst YOUR bubble, but taxi drivers and corner shop owners will be BUYING at the top, not selling. When you see gold braces being offered as good long term investments, maybe we will have a bubble, but when they are selling their gold bits and bobs to "take advantage of high prices", you know the party hasn't even started. Tut tut get with the programme.
4. crunchy said...
Braces? It's when people start to extract their teeth. That's the time to sell.
Gold could prove to be as illiquid as houses. The smart will always scale down as the market scales up or wade in with the heavy fast hit.
There are people that have always held gold, much like the people who have always held cash, but the former, a little wiser.
To the people who don't own gold.................
Stop bugging the gold bugs and take the best seats in the house. You have payed dearly for them. Enjoy the show.
5. i remember the 90`s said...
Another one bites the dust
6. hpwatcher said...
There is no way we have reached the level of mania required for gold to qualify as a bubble; or at least not just yet.
7. crunchy said...
4. That depends on where the level of dust is. Enjoy!
8. hpwatcher said...
Actually, I think a lot of gold is being sucked out of the system........
9. stillthinking said...
Keep an eye on Ron Paul's audit the fed bill, and the attempts to introduce internal competing currencies in the US. I am sure that gold hasn't finished gyrating around just yet.
10. Countryfile said...
The focus is still on people selling gold not buying. The future bubble to come will be when everyone is saying you should buy gold and hang on to those braces and not sell them.
11. crunchy said...
9. stillthinking I'm pleased to see someone else is. Treasuries looking rocky for next year methinks.