Posted by greenbeanman in Kansas on September 22, 2010 at 21:03:27 from (99.117.180.194):
In Reply to: OT Gold price posted by teddy52food on September 22, 2010 at 18:28:21:
Some of the people buying it are simply idiots that are positive the price will continue to go higher until it reaches the sky, then they'll cash in for huge profits.
Many of them will not sell when the price comes down but will hold it to sell until the next high----perhaps sold by their heirs instead.
The term is buy low, sell high. Not buy high and hope for higher yet.
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