tag:blogger.com,1999:blog-53246864840716464.post7105670819010605765..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Merrill Lynch: "Gold is Inversely Correlated to Global Short-Term Interest Rates"Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-53246864840716464.post-41392408718833539122009-09-09T07:49:44.005-07:002009-09-09T07:49:44.005-07:00Gold is just another speculative bubble. Where is...Gold is just another speculative bubble. Where is the demand for gold otherwise?<br /><br />There is a sucker born every minute, that's all the rising price of gold indicates.<br /><br />What those who analyze these things fail to tell their victims is, of all those who will jump in and drive up the price of gold, MORE THAN half, will have to sell below what they paid for their gold on the way out.<br /><br />It's more than half because the brokers continually siphon a percentage, -on the way up, and on the way down too. The faster the ups and downs, the more the brokers siphon.<br /><br />Only the brokers are guaranteed to make out on these speculative rackets. And meanwhile -literally no one is adding value to the economy.Anonymousnoreply@blogger.com