When I read the following quote from Doma:
"But knowing that the central banks sell upto 350 times
a claim on an oz of gold for every oz that exists & more
CB money printing should take us to about $55,000 an oz
before this is done.
When 1% of 1% of funds are invested in physical gold & silver
one could hardly call it a bubble....when the high streets &
internet,papers etc are full of ads offering to buy everyone's
gold it's hardly a bubble.......when you see a year or two of
those same entities selling gold to the public.....then we have
a bubble."
I can only conclude that the lack of critical commentary from these parts about the extreme nature of his analysis means that there in some small way exists the possibility of a Doma double standard.
If any Wave follower made such an extraordinary claim they would be ridiculed, mocked, laughed of the stage and sent packing back to "Oidland".
Does the fact that Doma has profitted on the substantial rise of thee price of gold assests sheild him from ownership of statements like the one above?
It is a fact that you have provided ample examples and evidence of contrarian thought to the extreme over valuation of the gold market. Yet, these attempts have fallen quite short of stating a fact that is becoming more and more obvious with each post.
The egg shells here are rampant, Doma declares a gloom and doom that is as irrational as any I have ever witnessed, yet all here seem to unable or unwilling to state the obvious. Credibility evaporates when positions are held and maintained through the sheer will of dogma and then held up as just and true by the serious of nothing short of wild assertions displayed on this board throughout last week.
$55,000 an oz. is quite frankly one of the most outrageous economic claims I have ever seen in my lifetime. Yet, the claim until now went unchallenged. Therefore one must ask, was it unchallenged because of the source? Or more realistically was it unchallenged because of the extreme nature of the claim. So extreme and outrageous that even Alea's tongue fell silent?
Just curious.
T&V
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