- Joined
- 20 May 2011
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were comparing how far off peaks things are ie how much the have deflated.
Precious metals have not deflated because they were never inflated, they have not hit a peak yet. This is your problem - you are implying gold has hit a peak, it has not. It has had a normal correction - which has been a common occurrence in it's solid 11 year uptrend. The reason for this correction is later than expected QE3.
Housing has hit a peak and has been in a bubble, this is the key difference - gold is not and was not in any bubble, it is simply being pushed up in price by money printing.
youve just stated a hindsight trade that gives us no insight to anything just supports your view once again comfirmation bias.
Yet you do this all the time?
in the interest of fairness im looking forward to your compilation ill even let you go back as far as you like even though mine is pretty recent, remember not your take on what ive said but what ive actually said no inuendo no twisting of words?
What compilation?
And how about our bet? $1,000 for every 1% real value lost or gained in Melbourne according to RP Data starting say from the 1st of June, no capital down.