George Soros warns gold is now the 'ultimate bubble'

Quote from mikasa:

did it ever occur to you little people on internet that Soros wants an opportunity TO BUY THE DIP

AND HOLD TILL IT GOES TO 1600

I don't suppose that occurred to any of you "traders" here :p
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Of course not! You are the only one intelligent enough to think so deeply on something like this.......
 
Quote from Debaser82:

Gold is now "the ultimate bubble", billionaire investor George Soros has declared,
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Gold is useless (except for a few rare electric contacts or heat insulating uses), so technically gold is a bubble at almost any price.

By the way Soros may well be short gold (or holds some puts).
He isn't offering his advice as a service to community.
 
Gold is useless (except for a few rare electric contacts or heat insulating uses), so technically gold is a bubble at almost any price.

By the way Soros may well be short gold (or holds some puts).
He isn't offering his advice as a service to community.
More...

The dollar is useless (except for burning it for heat) so technically the dollar is a bubble at almost any price.
 
Soros hasn't had very many good calls lately...except for moving to socialism. I do think that gold will not go much higher than 1200 in the near term as I don't think we see any real economic growth in the next couple years. However, once we see growth in the world economy, gold will move higher...especially if the fed doesn't handle the dollar correctly by removing liquidity at the right time (which I am fairly sure they will screw up).
 
I guess I better sell all my gold and buy the equities. I just need to hope that the bigger sucker will be around when I am ready to sell.
 
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