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overtheedge
Member since May 2012
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One of the Most Important Gold Charts That You Should Remember

- Jesse - Le Café Américain

"Rather than accept the change and understand it, they get busy trying to prove that it is not happening, since they have such a vested interest in the past."

Very close to reality indeed. When your faith is based upon a model and evidence shows up that diverges from the model, the believer must either deny the evidence or provide an effective argument that the divergence is an transient anomaly that the believers should have recognized as coming.

It must explain that all the signs were there, but masked by larger events. Ergo only the most astute might, I say again, might have noticed. The model, in fact, provided for this rare event.

And when else fails, blame it on poor, delayed or questionable government data. After all, the world is divided into two camps.
One camp (the majority) is devoid of knowledge and doesn't even know what numbers represent therefore doesn't think about it.
The other camp, that would say something, already assume government data is complete fiction.

Credibility must be maintained. What career options exist for a discredited economic forecaster beyond Presidential Appointee?

There is only so much physical gold available at the sale price. If you put buying off until the price drops further, you might be too late when the market pushes it higher, much, much higher. Could gold drop? Sure. However given the current world economic picture, there is far higher upside potential for profits than losses unless the investor/saver panics. So ...

"Don't Panic" and always remember where your towel is.

Commented 4062 days ago

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Beginning of the headline :"We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it." Sir Eddie George, Bank of England, in private conversation, September 1999 Few people realize that around 2008 central banks turned from being net sellers of gold to net buyers, and began to accumulate gold reserves i... Read More

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