Short Google, McDonald's, and gold. (1 year horizon)
Short Google, McDonald's, and gold. (1 year horizon)
The price of gold is a combination of 3 things, or so--
Its use in jewelry and industry -- rising slightly.
The labor and energy cost of extracting it -- rising.
Demand as an investment asset. Rising, a lot.
All bubbles look good until they burst. What will happen when golds starts teetering? People will sell it in a panic. Gold will be less attractive as the US, South American, and European economies recover 2011-2012, even with the real inflation that it brings...
Gold has been increasingly volatile IMO in the past few months, a sign that way more people are buying it for speculation than long-term holding or actual use. Late last year it started going steady in price before crashing and then rising like mad for no reason...
Freedom - When people learn to embrace criticism about politicians, since politicians are just employees like you and me.