////// fools & gold \\\\\\\

  1. 394 Posts.
    Hello all. I'm back. With more words of wisdom. Gold's been in a bear market for 20 years. Have you worked out the main reason gold had its big bull run in the 1970s was because the price had been fixed at US$35 for 40 years??? Using that logic we might have to wait another 20 years for the next big bull run in gold. Who wants to invest in gold now for what it might do in 20 years time. Gold is DULL. Gold is BORING. Just look at gold's pathetic performance in recent years compared to oil. $10.00 to $55.00 there. That's like gold rising from $250 to $1375. Look at nickel, copper, uranium, iron ore, zinc, lead. You name it. Gold has been an absolute dud. No wonder there is now so much stockmarket apathy in gold shares. Then throw in the fact that if gold rises a useless 1% that's a big night, but when it has a bad night it falls several % and you can see it's a dud. How many companies here have found just a 1 million ounce deposit recently? That's only worth $540 million before all the costs of getting the stuff out the ground. We can't even generate any excitement and real interest on teh exploration/discovery front. What a dud. No wonder noone is interested in gold any more. You can't find it, you can't sell it for a decent price, it doesn't go up. BORING. BORING. BORING. BORING. BORING. BORING. Better off watching a tortoise move. That gives you more action than gold.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.