Thread: Is Gold the Next Bubble?

Try this link. (When a link doesn't work just google the headline.)

George Soros buys gold despite dubbing it 'ultimate bubble'

http://www.telegraph.co.uk/finance/pers ... ubble.html

Originally Posted by JohnDoe2

Try this link. (When a link doesn't work just google the headline.)

George Soros buys gold despite dubbing it 'ultimate bubble'

http://www.telegraph.co.uk/finance/pers ... ubble.html

OK. George Soros is saying that GOLD IS BUBBLED. Bubbled means it is over priced. That is the definition of bubbled. He bought it a long time ago so he will make money because ...for some reason....people do not get it that it is OVER PRICED. But Sorros knows this....he knows that people will keep buying it for awhile because it is being hyped. My point is that it is over priced and no one should buy it NOW. Do you see in your posting that Sorros SAYS IT IS BUBBLED? It is over priced and at some point soon it will dive. Soros will be out by then, you can count on it. He has already made money and may already be out of it, or poised to do so. He bought it the beginning of the year fgs. In investing that is eons ago. It is time to get out soon. Certainly it is not the time to get in. This is what these big investors do. They buy in and then hype it up....when it peaks they get out and leave others holding stock that they paid too much money for. This is NOT THE RIGHT TIME TO BUY GOLD. The right time to buy gold is before it soars or after it crashes, not when it is reaching a peak. That is true with ALL STOCK. BUY LOW SELL HIGH. RIGHT NOW IT IS HIGH.