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  1. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    There is some merit in what you say. It's worth a punt if one has a few spare bucks and an understanding of how the lithium market works. That said, I don't think mums and dads should be selling their IPs to do it, as some of the more vocal commodity bulls would no doubt want us to believe.
  2. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    My "attacks" (as you would no doubt call them) are not directed against SSers. Rather they are meant to provide some balance to the constant negativity that is so often seen on this forum in recent times - most of it originating from a few malcontents who seem convinced that the world is about...
  3. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    Economic history is far more interesting than Economics itself. The world has seen bigger currency expansions in the past, if only people would care to look back far enough. Consider the two World Wars. These were seriously cataclysmic events. Money was printed freely and dodgy bonds issued...
  4. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    Might I remind you that your daily post-count far exceeds mine for virtually every day but for today? I'm no fan of Keen. Didn't he finally concede he was wrong? Someone told me he walked up a mountain to express his contrition. The Americans don't ignore us. Like all savvy investors, they...
  5. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    Sunfish, you are right - I have rather a lot of time today. I usually don't post as prolifically as I have been today. Secondly, my mum was badly hurt in the great gold bull market of 1979. She was one of the crowd followers who got in late. So yes, I'm biased. I don't think most mum and dad...
  6. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    I agree with what you say. Namely, on doing your own research. Also, I agree that the madness of precious metals will continue for at least a few more months before reversing. But rather than generalize about all property ("property flattish" you said ) I will say the Australian median will...
  7. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    As a % of GDP, I daresay US government spending during WW2, largely funded by printing money and issuing bonds, exceeded current spending by a wide margin. The difference is this......these past 3-4 years, the US government has printed money not to fund a major world war, but rather to take...
  8. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    Printing money, although not to be encouraged in developed countries, has been successfully carried out on a massive scale many times before. It happened on a huge scale during both World Wars. Inflation followed, but it was manageable. The world didn't end. That said, to be fair, there are...
  9. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    The World Gold Council puts out decent, honest statistics. They'd prefer a sustainable gold price to a succession of bubbles and busts. If anyone wants stats, here is a good way to start: http://www.gold.org/investment/statistics/investment_statistics/ Don't be deceived by the...
  10. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    If property went up 6 fold in a decade, we would call it a bubble and most of us would be selling our IPs. Contrast this with the current madness in precious metals prices.......now that is surely a bubble that will end in tears. Gold and silver bulls say that precious metals are a hedge...
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