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dom1971
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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

I wish I was a government shill, then I could enjoy some kind of payoff from the subject. :) I didn't say a word about barbaric... I acknowledge the history and I'll still argue that gold is a better money than paper.

And I think my point is valid. For every person's neck that was saved by gold in Weimar Germany, there were probably at least as many that were cut for the very same reason.

But I won't put a cent of my (family's) income or money towards PM's again. End of story. Once bitten, twice shy. I mean seriously... do they really expect private citizens to go up against the likes of government, central banks, bullion banks, commercials etc. and win? Who was I kidding?

In celebration of my idiocy, 6 months ago I took a stack of 1 oz silver coins and hurled them into the sea one by one (I figured the fish deserved them more than the pigeons). Very liberating.

Commented 3927 days ago

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Beginning of the headline :After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart can certainly seem to confirm this impression. Gold's price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall selloff. Many technical analysts are saying that the "damage" on the charts is too great for gold to recover. The rout is so bad, even hardened goldbugs have grown quie... Read More

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