Gold Bubble

Discussion in 'Gold' started by SliderC, Mar 26, 2013.

  1. SliderC

    SliderC Active Member

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    I dont think metals are in a bubble however if all you did was look at this chart you would probably suspect otherwise.

    [​IMG]
     
    SliderC, Mar 26, 2013
    #1
  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    Try looking at charts that show the amount of currency created over the same period, and population growth.
     
    willrocks, Mar 26, 2013
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  3. rbaggio

    rbaggio Active Member Silver Stacker

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    [​IMG]
     
    rbaggio, Mar 26, 2013
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  4. KMGeneral

    KMGeneral Member

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    Looked at the above, thought that something was suspect, then I realised that it's a Log scale...
    Made me feel smart and stupid at the same time.
     
    KMGeneral, Mar 26, 2013
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  5. Prior

    Prior Member Silver Stacker

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    10% monthly income net,

    Convert to metal,

    What stack?

    ;)

    My take...
     
    Prior, Mar 26, 2013
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  6. TreasureHunter

    TreasureHunter Well-Known Member

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    Forbes says gold might crash as low as 600 $. 1,200 $ is more likely, though... in my opinion.
     
    TreasureHunter, Mar 28, 2013
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  7. trew

    trew Active Member Silver Stacker

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    That chart doesn't make sense

    In 1980 gold peaked around $800 yet that chart shows it peaking at $2000

    Do you have the basis of the numbers being used ?
     
    trew, Mar 28, 2013
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  8. menotcrimex

    menotcrimex Member Silver Stacker

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    A little bird told me the magic number is $1377

    Whilst I like birds I don't think magic is an exact science
     
    menotcrimex, Mar 28, 2013
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