Steve D'Acquisto - Comments

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Chinese Gold Diggers Drop Their Shovels As Gold Miner Bankruptcies Begin
9 years ago
Gold and manufacturing commodities will likely finish below $800. The case in point of the article along with a silver market created by the inflated prices are the perfect storm. Investors being talked into this comodity as an investment of $5000 futures are beginning to realize they have done nothing more than buy into lies and half truthes. They will and are beginning to chase their losses. As soon as the major players decide the smart move is to stop the bleeding this bubble will burst. Aesthetically gold jewelry is a dead and dying market having been replaced by silver plated in what is every bit as esthetic but 300% cheaper. Thsi will be a near impossible trend to reverse. Even at $800 the manufacturing of gold jewelry will only be affordable to the very rich eliminating 90% of that market. Greed has once again tarnished gold's luster and I know of 80s investors laughing sll the way to the refineries. Just a thought.
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