When you can’t unload a Canadian Maple Leaf for $50 – or even give it away – because the sheep are too gun shy and addicted to paper, then I think it’s safe to say that gold has a LOOOOONG way to run.
Sounds like the argument used by people saying that housing has much more to go up. Bubbles burst when there is no-one willing to buy at the new higher price.. and people have to unload. This applies to gold as well as housing. Since he could not unload the gold coin at the desired price.. it means that the ‘real’ price is actually lower.
NOTE: I think the real thing is that people are brain dead is the real reason. Quotable from the video… “I don’t even have $5 on me..”.
The other problem is being to ID if it is a real coin or not.. I wonder how many people have actually seen a Maple Leaf gold coin and know what its purity is.
Comment on yahoo:
I’m a gold/silver bug, and I wouldn’t buy from this guy off the street either. There are too many fakes, and how can you tell if this guy is telling the truth about the coin?
