GOLD 0.51% $1,391.7 gold futures

You're a classic case of inventing fictional 'emergencies' that...

  1. 32,843 Posts.
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    You're a classic case of inventing fictional 'emergencies' that don't exist. 


    It reminds me of debates I took part in many years ago when the peak oilers were claiming that a major oil crisis was imminent. I said it was all nonsense, their claim to fame being Matthew Simmons's book 'Twilight in the Desert'. 


    I was shouted down and abused, a bit like here, because the oilers knew better, like the goldbugs bang on here about 'we're running out of gold'.


    As for 'Twilight in the Desert' which was a best seller, it sold lots of copies but the content was fiction, because I've just read that the Saudis say they've got at least another 70 years of reserves.


    https://www.spglobal.com/platts/en/market-insights/latest-news/oil/010919-saudi-arabia-revises-up-oil-reserves-estimate-to-2685-billion-barrels-state-media

    Last edited by Skol: 18/01/19
 
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