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Top Ten Signs of a Precious Metals Bubble

derrybderryb Posts: 36,779 ✭✭✭✭✭
Published by Peter Schiff in 2006 when metals were "accused" of being overpriced (gold was at $600, silver at $12):

Top ten signs that a precious metals bubble is actually forming

10. Commodities trading jackets are the best selling items at Abercrombie & Fitch

9. George Foreman is the pitchman for an infomercial featuring a "Home Panning Kit"

8. The most popular major at Chico State is Geology

7. Due to high prices, Olympic metals are replaced by ribbons

6. Monster Park in San Francisco is re-named Glamis Field

5. Analysts upgrade shares of McDonald's based on mineral rights to its real estate holdings, bringing new meaning to its "golden arches."

4. Snoop Dogg introduces the "Bling Mutual Fund."

3. Hustle and Flow wins another Oscar for their single "It's Hard out Here for a Miner"

2. The WB has a new hit show about teenage prospectors called "Dawson's Claim"

1. Tom Cruise and Katie Holmes name their newborn son Newmont.

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • Thanks for the morning laugh. image
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    did he puposely misspell medal for metal?

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    image Some good ones there... Letterman would be proud... Cheers, RickO
  • johnny9434johnny9434 Posts: 28,294 ✭✭✭✭✭
    thats funny. thanks for sharing image
  • sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭
    I like the first one best. lol
  • fiveNdimefiveNdime Posts: 1,088 ✭✭
    image



    << <i>did he puposely misspell medal for metal? >>


    freudian slip?
    the winner must have mettle to win one of 3 metals in the 3 medals...
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    heh, how about some of the real signs we saw, like in March and April of this year:

    CNBC sends Jane Wells to a coin show and she also inverviews one each bullish and bearish silver investor

    Articles about rising gold and silver prices make the front page of the Wall Street Journal

    People who know you invest in metals, but have shown no interest in metals in the past, come up to you and ask how they can get started investing in metals

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭
    About 5 years ago, my older brother asked me, "should I buy silver?" I told him that I'd be thinking about it, if I were him.

    About a year ago, he said "you've been buying silver, haven't you?" I said, "yup".image

    It's not even close to being a bubble.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Liberty: Parent of Science & Industry

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    This is one of the top 10 signs of a precious metals' bottom.....digging up old threads that references precious metals' bubbles. image
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,779 ✭✭✭✭✭


    << <i>heh, how about some of the real signs we saw, like in March and April of this year:

    CNBC sends Jane Wells to a coin show and she also inverviews one each bullish and bearish silver investor

    Articles about rising gold and silver prices make the front page of the Wall Street Journal

    People who know you invest in metals, but have shown no interest in metals in the past, come up to you and ask how they can get started investing in metals >>


    These are signs of a bubble? image
    Look more like signs of growing popularity. Guess my I-phone is officially in a bubble.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>This is one of the top 10 signs of a precious metals' bottom.....digging up old threads that references precious metals' bubbles. image >>



    you may be on to something there! image

    Liberty: Parent of Science & Industry

  • JulioJulio Posts: 2,501
    "This is one of the top 10 signs of a precious metals' bottom.....digging up old threads that references precious metals' bubbles". roadrunner image. Take care. jws
    image
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