Commodity Prices Tumble to Lowest Since 2002 - Bloomberg Business
A rant aimed at the con men who pretend gold is a wise investment above and beyond the usual cautionary small percentage hedge.
Congratulations, you have cost those who trusted you hundreds of dollars per ounce bought. You guys also severely damaged my industry (Fine Jewelry) by lying. Buying scrap from the public and lying about it’s being way under karat so you could cheat the price. You ruined their confidence in legit product, and now they are less likely to buy gold for a gift. Screw You very much.
The damage you idiots did with this bad advice has hurt the most vulnerable economically. The unwise, the elderly who had some modicum of success and or saved carefully. Then bought into your bullcrap about the soon to crash dollar.
Well, the dollar is getting better by the inch, for years now, gold has been falling, for years now and you still tout your goldline. You grifters never stop. Your lifestyle depends on the foolish. The gullible. The low info consumer. Don’t sleep too well the tax man & FTC comes calling.
The rout in commodities deepened with prices touching the lowest since 2002 as the prospect of higher U.S. interest rates sent gold tumbling.
Raw materials are losing favor with investors as the dollar gains amid signals from Federal Reserve Chair Janet Yellen that the central bank may raise rates this year on the back of an improving U.S. economy. Higher borrowing costs curb the attractiveness of commodities such as gold, which doesn’t pay interest or give returns like assets including bonds and equities.