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Message
re: Gold: It's basically f'd
Posted on 2/25/11 at 12:41 pm to TheHiddenFlask
Posted on 2/25/11 at 12:41 pm to TheHiddenFlask
quote:
I just saw a commercial for one of those gold sellers.
They are now offering 4x leverage (financing with only 25% down).
What I don't understand is the same people paying good money in advertising to sell you gold for protection against a decreasing fiat currency, turn around and accept your fiat currency in exchange for their gold. I know these guys have to make a living by moving the gold, but I just thought I'd point out a little irony here.
quote:
I'm pretty sure this is going to cause the next recession.
Probably not. The PM market is extremely small compared to the equities market.
1
Posted on 2/25/11 at 7:06 pm to GumboPot
quote:
Probably not. The PM market is extremely small compared to the equities market.
I know, that was a bit of hyperbole.
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