Bitcoin Forum

http://i2.cdn.turner.com/money/2011/08/24/markets/gold/chart_ws_commodity_metals_gold_201182415146.top.png
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lawl, you call this a bubble?

It's gonna be so funny when gold crashes.  :D

Yeah, CRASHING back to the lows of last week. Hold on, I might need a glass of water to calm down.

You haven't seen anything yet, man. Every time options expiration rolls around, coupled with some margin hikes by the CME, we get some retracement.

Gold is going to hit $2,000 before year end. 'Bubble' my ass.

The markets seem to be consistently reacting to the debt issues and everytime that happens goal seems to always increase in value.The debt issues of the US and Europe shall be consistent for at least the next 10 years.I think it would unwise for anyone to even think of getting out of gold at least until the next 5 years or a solid plan is in place to deal with debt issues globally instead of passing it like everyone's playing hot potato.

I'd be bullish for goal in the short haul

+1 for last two posts. One would have to be out of their minds to think there is a gold bubble at the moment. Gold is highly valued because the monetary crisis going on all over the world and there are no signs of it getting better in the short term.

And to be honest, gold value is not really that high yet. The inflation-corrected value of gold has been higher and I think we will most certainly reach $2000+ this year and probably $2500+ at some point next year.

Gold is already recovering very fast from the retracement.

Gold is highly valuable because Glen Beck says so! And Glen Becks always right god dammit!  :D

Oh hey, lookie here:

GC (GoldFutures,ETH): $1,828.40 +31.10 +1.73%

As of 4:54pm EST

these stock market people gotta stop playing with the bitcoin exchange!

Here is a quote from FlipPro in 2013:  "How could I think nobody wanted gold!!"


Also, if you think it's going to be funny when gold crashes, you're gonna really chuckle when the USD crashes.

Well, I agree with your implied sentiment that gold being highly valuable is fundamentally silly, but that doesn't mean it won't continue to be highly valuable (quite possibly increasingly so) for decades more if not centuries. There would need to exist an alternative asset with the same scarcity, fungibility, durability, etc, qualities, that cause gold to be used as an anti-fiat store of value. Honestly, bitcoin (or something like it) probably comes closest to duplicating this role, despite the fact that bitcoin is designed for transactional utility, not store-of-value utility. In any event, overcoming the historical inertia of gold will take quite some time, even if a truly suitable alternate exists.