[tickmeister]

If I had a lot of money, I wouldn’t put it all in anything, gold included.

What I can’t figure is that everybody who says gold is going way up wants to sell you some. If they think it is going up, why don’t they want to keep it?

[cowtowney]

“What I can’t figure is that everybody who says gold is going way up wants to sell you some. If they think it is going up, why don’t they want to keep it?”

Couldn’t you say that about any commodity?

[kearnyirish2]

“What I can’t figure is that everybody who says gold is going way up wants to sell you some.”

Investors make money by buying low & selling high; the sellers bought low, and have to sell high to make money. Basically, they need someone who thinks ass-backwards to dump their holdings on.

[Atlas Sneezed]

What I can’t figure is that everybody who says gold is going way up wants to sell you some. If they think it is going up, why don’t they want to keep it?

---

Same reason Nordstrom encourages you to buy the shoes they own. It’s called being a RETAILER, and making PROFIT from selling INVENTORY.

Smirk erased.