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The Water Cooler
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Where's the smart money?
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<blockquote data-quote="ewheeley" data-source="post: 1309326" data-attributes="member: 10387"><p>I'm sure something similar was discussed back around 1980. IMHO, if you buy gold now, you're missing the whole "buy low, sell high" point. People are buying it based on "I heard the price is going up" even though their demand (greed) is all that's driving the price up. Pretty soon they're all going to ask "What is this really worth?" and the bottom is going to fall out.</p></blockquote><p></p>
[QUOTE="ewheeley, post: 1309326, member: 10387"] I'm sure something similar was discussed back around 1980. IMHO, if you buy gold now, you're missing the whole "buy low, sell high" point. People are buying it based on "I heard the price is going up" even though their demand (greed) is all that's driving the price up. Pretty soon they're all going to ask "What is this really worth?" and the bottom is going to fall out. [/QUOTE]
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