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Re: PANIC: BANK RUN IN LATVIA

By: clo in ROUND | Recommend this post (0)
Mon, 12 Dec 11 10:17 PM | 64 view(s)
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Msg. 37002 of 45651
(This msg. is a reply to 37000 by Decomposed)

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Well, gambling in the stock market is also insanity.

When folks need to cover margin calls, they sell anything that will stop the bleeding.




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The above is a reply to the following message:
Re: PANIC: BANK RUN IN LATVIA
By: Decomposed
in ROUND
Mon, 12 Dec 11 10:04 PM
Msg. 37000 of 45651

re: "My theory, when folks need money to cover, they sell their winners."

That's fine, but selling gold for dollars??? That verges on insanity.

The only GOOD reason to sell gold, imo, is when there's something that's needed. But then, I don't recommend gold for short-term speculative reasons. I recommend it for long-term preservation reasons.


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