RE: Possible Gold rush21 Apr 2023 18:51
" I wonder whether back say 20years ago when gold was £200......whether you'd have been saying the same "pinch of salt" theories on gold being £1,600......and a 5,000 year high in 2023....and yet here we are!"
It was in either 2002 or 2003 when I first started buying gold stocks, so just over twenty years ago. BTW, gold wasn't at £200, but perhaps you meant dollars.
It is true that, back then, the idea of $2,000 \ £1,600 gold would have pleased me, but not if I had known that it would take 20 years - 20 years of waiting.
My point was that those mouthpieces build up un-realistic expectations, they speak as though the big rise is next week or month. They are as bad as second hand car salesmen trying to sell dodgy motors.
I've been in the gold arena for over twenty years, so don't try to educate me, I've heard it all before - many times.