CNN's Colleen McEdwards spoke with metal expert Berry Stuppler about the price of gold in 2011.
Saturday, January 1, 2011
Friday, December 31, 2010
NORMALCY BIAS & PHYSICAL SILVER ...Happy New Year!
Happy New Year!! I hope the price gets smashed so I can buy more... but it doesn't matter what the price is. I will keep trading in my debt notes for real money. Happy New Year.What some people don't understand is that only BUBBLES pop and Silver is UNDER-VALUED and NOT IN A BUBBLE!
NOTE: The normalcy bias refers to an extreme mental state people enter when facing a disaster. It causes people to underestimate the possibility of a catstrophe becuase it has not happened to them previously. ** My example is actually a form of REVERESE nromalcy bias, because a "crash" in silver IS the norm for coin guys - they are therefore "certin" it will happen agin, as it always has.
I have been buying on Ebay for four years and was choosing from pages of 100 ounce bars, 10 ounce bars and rolls of one ounce coins from US, Canada and Austria. Not any more. I have to think that the people who are reporting a shortage that will send prices higher are more likely correct than those that are looking at some historical trend chart. I really can't see a mad stampede to sell physical metals to go back into bonds at a couple of percentage points higher.
NOTE: The normalcy bias refers to an extreme mental state people enter when facing a disaster. It causes people to underestimate the possibility of a catstrophe becuase it has not happened to them previously. ** My example is actually a form of REVERESE nromalcy bias, because a "crash" in silver IS the norm for coin guys - they are therefore "certin" it will happen agin, as it always has.
I have been buying on Ebay for four years and was choosing from pages of 100 ounce bars, 10 ounce bars and rolls of one ounce coins from US, Canada and Austria. Not any more. I have to think that the people who are reporting a shortage that will send prices higher are more likely correct than those that are looking at some historical trend chart. I really can't see a mad stampede to sell physical metals to go back into bonds at a couple of percentage points higher.
Bob Chapman Outlook for 2011 - Alex Jones TV
Alex Jones & Bob Chapman's 2011 Outlook: Total Dollar Devaluation, and Further Loss of Liberties
Alex also talks with regular Friday guest Bob Chapman of the International Forecaster. Alex will be on the air for four hours today in a special show on this last day of 2010. He also covers the news and takes your calls.
Bernanke both author and critic of quantitative easing, the latest bogus statistics, gold moving higher, hiding behind incompetence in the system, housing sales up but far from healthy, FCC taking over the internet.
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