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Originally Posted by SexualRB
It is already at a 20 year high, but adjusted for inflation the price is still historically low.
The price is at a 20 year high in nominal terms but no one is talking about it. Few investors own gold. Maybe 5% of investors do. When that gets up to 80% you know its time to sell. Not right now.
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exactly, i talk to so many traders who just call anyone bullish on gold a gold bug. blowing it off saying if everyone is talking about gold then it must be overpriced.
but i bet those same traders aren't dumb enough to take even a sniff of any type of a short on gold