Replies to post #8898 on Zeev's Turnips Patch-No Politics (ZEEV)

[Koikaze]

Thank you, Montana.

I agree

"... the chances are slim of outright JPM crash and an immediate explosion in gold."

because

"... there are creative things they can do to avoid or mitigate disasters."

Fred

[Orvis]

Montana,

When gold was near 330 and all the gold bugs were pumping their stocks on SI I researched about 15 of them and found most PE's very high and one at 8000 p.e.
Well needless to say I got attacked and their argument was what if gold goes to 400-500 an oz. This pe argument was just what brought down most tech stocks. Yet these same gold bugs thought their gold stocks were going to da moon. Seems like gold was acting like prozac for those expecting a crash and another terrorist attack. I still think gold is a poor investment but perhaps one can make some bucks on another momo like Bre-x when it comes on scene. (g)