The gold bubble finally bursts, where will the money go?

donkeykong2 · 09-23-2011, 01:55 PM

the increasing volatility in gold market is showing we are now approaching the end of the biggest bubble in recent history or have already seen it. so with gold stumbling it is time for us to figure out the next big bubble to put the money into. one thing to learn of the this bubble is that people are apparently not afraid to put money into overpriced assets even though history has clearly shown that bubbles will ultimately pop. i had assumed that this time people would be smart enough to realize that you ll get burnt by buying at 4x the historical average with all the information being freely available but apparently they were not.
so what will the next big bubble be?

NameOnTheCake · 09-23-2011, 02:00 PM

ponies

fullcontact · 09-23-2011, 02:04 PM

you will be wrong, future will prove

we will see what happens when qe3 launches

gold has still the same value, the dollar strengthened

papergold is not = physical gold

donkeykong2 · 09-23-2011, 02:05 PM

well apparently it is not the other "safe" haven silver..

Mrmusicrecorder · 09-23-2011, 02:07 PM

Quote:

Originally Posted by donkeykong2

the increasing volatility in gold market is showing we are now approaching the end of the biggest bubble in recent history or have already seen it.

Holy shcet, how many gold threads? Do we really need you starting a new thread every time you mistakenly call a top to gold?

Zeestein · 09-23-2011, 02:08 PM

tulips

mmbt0ne · 09-23-2011, 02:25 PM

Based on thread title I expected GLD to be approaching 52-week lows.

Thread disappoints.

Fistdantilus · 09-23-2011, 03:03 PM

Quote:

Originally Posted by mmbt0ne

Based on thread title I expected GLD to be approaching 52-week lows.

Thread disappoints.

Goldbugs believe that gold will hit infinity thousand dollars by years' end, so this qualifies as a "burst" to them.

TomCollins · 09-23-2011, 03:14 PM

Down to the all time record high of < 2 months ago. What a burst!

TomCollins · 09-23-2011, 03:17 PM

Quote:

Originally Posted by donkeykong2

I feel gold is way overpriced and is at its peak or relatively close to it. i could see the price going up shortterm to around 2k but i think it will likely reverse and possibly collapse soon. the fair value is around 500$ longterm inflation adjusted. it could take up to 5 years to reach that again though. What is the easiest way to bet against it?

At time of post: Gold $1500. Current Price: $1650

LOL

Dasq1306 · 09-23-2011, 03:25 PM

Quote:

Originally Posted by Zeestein

tulips

Buy low, sell high.

donkeykong2 · 09-23-2011, 03:53 PM

Quote:

Originally Posted by TomCollins

At time of post: Gold $1500. Current Price: $1650

LOL

the developments are not in anyway contradicting what i had suggested before. let s face it, the direction will be mainly southward from now on. the higher volatility and the high price will make it difficult to find more suckers to load this off to.

TomCollins · 09-23-2011, 03:55 PM

Quote:

Originally Posted by donkeykong2

the developments are not in anyway contradicting what i had suggested before. let s face it, the direction will be mainly southward from now on. the higher volatility and the high price will make it difficult to find more suckers to load this off too.

You still have $150 to go just to get to your original position, let alone claim victory on a crash. You are the equivalent of someone who is down 21-0 in a football game trash talking when, after the other team goes up 42-0, you score 2 touchdowns. Scoreboard, yo.

glenrice1 · 09-23-2011, 04:36 PM

Saw this a month ago. Things playing out similarly so far.

NajdorfDefense · 09-23-2011, 04:55 PM

The 'money' has already gone. It went from the bagholders to the smart money this week.

I fully expect bear traps and sucker's rallies going fwd.

Gold in a deflationary environment is EPIC FAIL. But, it may make sense as a small part of a diversified portfolio.