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Old 05-19-2011, 12:44 PM
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flacaltenn flacaltenn is offline
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Location: Nashville, Tennessee
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Hey Carl:

Your graph stops at 2007 or so.. If you look at the whole picture, the volatility in gold over the last 4 years or so is LESS than the volatility you saw for that last boom. IN FACT, gold market has had a lower volatility than most of stock exchanges..

The run-up is based on largely on lack of confidence in the economy and how honest our leadership has been about the scale of our problems. Last time gold ran up, you didn't have countries in Europe defaulting on their debt or a US budget that's doubled in jsut a few years. And a job picture that forces us to realize just how badly this country is sinking.. It's justified..
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Old 05-19-2011, 12:57 PM
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flacaltenn flacaltenn is offline
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Hey NoOneReal:

In aviation, any landing you walk away from is a good one?? Just trying to make you feel better..

Here's how you build your legacy.. You float the concept to your children that you bought it at $400.. (just exaggerate a bit) Tell them to protect when it's theirs and 50 yrs after you're dead, all your progeny will think you were a genius...
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Old 05-19-2011, 09:45 PM
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flacaltenn flacaltenn is offline
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A buck for a buck. Now THERE's a really risky trade.. Like looking for the nickel slot machines in Reno..
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