Quote:
Originally Posted by Lenny2
I knew you were dumb, but I didn't realize the depth of your stupidity.
Gold has gone up in value substantially over the past few years.....but that's only because it went through a 20 year period where it didn't go up at all.
Gold was $800/oz in 1980 you dipshit....then the bottom fell out....it stayed bottomed for two decades, and then recently made a comeback.
Since gold has finally recovered that means something is wrong with the U.S. economy?
Then, you say that all statistics are basically meaningless, and then go on to post 8 paragraphs of statistics to back up your claims.
Like I said, I knew you were dumb, I just didn't realize the depth of your stupidity.
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"Gold go up only because it stayed flat for 20 years"
What a smart analyst
Thats stupidest thing I have ever heard about current price of gold.
The price of gold went up in dollar terms, mainly becuase of inflationary conditions, devaluation of dollar and high M3 growth, which US stopped to publish. There are only two countries in the world who dont publish M3, hyperinflationary Zimbabwe and US. Imagine why.
If everything was ok, gold price would stay flat.
and by the way, as it seems that you still didnt get it:
"the only statistics you can trust are those you falsified yourself"
Winston Churchill
now you can call me "idiot" once again, it will help to get your facts together