Comments by "" (@RedXlV) on "Global Economic Collapse?" video.

  1. The value of gold and silver has been highly variable over the years. There's a lot more involved in the market value of precious metals than just their intrinsic value.
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  2. Exactly right. It always amazes me how the stock market can be driven up and down by the most inane, should-be-irrelevant factors.
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  3. This "global economic collapse" nonsense is the true load of crap. What this proves is that rich people can be incredibly stupid.
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  4. It wasn't "socialists" who failed to see the housing bubble coming, you fool. It was the mega-rich Wall Street bankers who CAUSED the bubble that didn't see it coming.
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  5. The price of gold usually goes up in the aftermath of an economic collapse. The price of gold is certainly not PREDICTIVE of anything.
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  6. Or maybe, as has been seen so many times already, being rich is not at all indicative of being smart.
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  7. Gold is in a bubble right now. This is a terrible time to buy gold. This is the time when, if you've got a bunch of gold, you should SELL IT.
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  8. The current price of gold is FAR in excess of its intrinsic value. Whenever you see platinum, which is both more useful and FAR rarer than gold, priced lower than gold (as it is currently), you know you're seeing a massive gold bubble.
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  9. Because there are a lot of stupid rich people out there. Simply having a lot of money doesn't make a person smart.
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  10. And you should probably cash in on that gold, or else you'll so those profits vanish when the gold bubble bursts.
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