TSX:LSG.DB - Post by User
Comment by
rockhound73on Mar 30, 2014 10:01am
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Post# 22387145
RE:Muppet media is approaching kindergarten inteligence
RE:Muppet media is approaching kindergarten inteligence At the risk of being labeled a paid basher by the lunatic fringe I have to say that there is some truth in what the reporter is parroting. As confidence in the US economy wanes more persons are frightened into storing things like Gold under their mattresses, therefore risking losing out on more productive investments that provide actual returns. ......Conversely, as confidence grows in the worlds greatest economy some of these same people take their Gold and Silverware out from under their mattresses, sell it, and invest in income producing enterprises, much to the chagrin of those praying for a major disaster that will make them rich.
Hence the lunatic fringe promoting. "The End is Near". It is for all of us, but it may or may not be due to complete economic collapse.
IOW, Gold is a kind of reverse indicator of the confidence in the world's economies, primarily the US at this point in time. Which is what the reporter was clumsily saying.
Baranja, take a deep breath and tone down the hyperbole if you want people to take you seriously.