Hi guys, This is my first post on these forums and I've just finished reading this article: http://www.watoday.com.au/business/gold-a-safe-haven-no-more-20110926-1kt81.html I just had to laugh my head off. I think someone needs to educate this journalist about gold being a safe haven for over 5000 years. Cheers, Ross.
The guy probably has all his money in the fiat matrix and will discard the last 5000 years of evidence to make him feel like he's making the right choice.
They've been pumping them out at full speed, it's amazing. Gold is still at $1660+ AU though despite all this :|
They are all falling for the trap Peter Schiff has pointed out, in times of crises people will put there money into USD, only realising too late that Treasuries and fiat notes have crashed to zero.
No surprise to me, seems like the majority of people ignore almost every aspect of human history...why not gold too?
We collect precious metals for tradition dont we? Well so sais Benny B Tradition: "The passing down of elements of a culture from generation to generation, especially by oral communication"
My Pappy collected, b4 him my Grandpappy, b4 him my Greatgrandpappy WTH tradition is he talking about? Oh like the tradition of eating? and drinking water perhaps? Investing, saving money, they're not considered "traditions" IMO
Well there's a tradition here alright. Not just the fact that Gold has a 5000 year history with a 100% win record. But the fact that the majority of the 'market' carries the same sentiment every time, not understanding the fundamentals and refusing to go to gold until the rest of the herd has gone. The whole psychology behind market cycles has been replicated over and over again too, I can't see why this time it would be any different either. Just look around the markets with eyes open and you can see the mindless sheep are everywhere.
