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Message: Re: Truth or Fiction ?
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Jan 28, 2010 10:40AM
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Jan 28, 2010 11:07AM
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Jan 28, 2010 11:17AM

My impression from the article isnt that gold is about to pop but that with cheap money and with continued deficits could inflate gold more making it the ultimate bubble but this isnt something that is about to happen even if true. Money is an illusion so as much as I like to think that printing money ensures that gold continues to appreciate if the market sentiment turns just like the illusion of value in dollars the value of gold could potentially collapse. Fundamentals may win the day but if your timelines arent flexible there could be some big losses, but i hope not!!

By him saying its the ultimate bubble can only mean he sees gold climbing in value in 2010. We live in uncertain times and if gold appreciates hard again it may be prudent to take some profits. But to each their own.

"Mr Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."

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Jan 28, 2010 12:20PM

Jan 28, 2010 12:47PM
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Jan 28, 2010 02:14PM
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