“Is this the end for the bull market in gold? Everybody says so. And this was before gold tumbled on Friday. The fact is, the masses never got anywhere near gold. Not even close. Most people have never seen a gold coin….and few are as reckless as the aforementioned Mr. Norstog. Most are even more reckless! They’ll wait gold to hit $2,000…or $3,000 before they buy. Which is why we’re nowhere close to the top. Wall Street never marketed gold, deftly…or any other way. Not even in its usual greedy, heavy handed fashion. And the masses never bought it. Just the opposite. As the price of gold rose we saw ads in the paper soliciting people to SELL gold.”
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