‘The titanic cannot sink’, ‘Lehman Brothers is too big to fail’, ‘gold prices cannot come down’. Er… seems like all of us turn into nostradamus or believe deeply in the prophecies of self-proclaimed-prudent-intellectuals before every big collapse.

History has shown us time and again that their is always an end, usually grim, to the greed and complacency ridden kingdoms, corporates, markets and czars. But still how easily we fall into the mirage of owning an ‘uncle scrooge’s vault’ only to realize that swimming in the sea of coins is just a crazy imagination.

Now, someone might point out that I am exaggerating the fall in gold. As a matter of fact, yes I am! Just wait for another utterly-small troubled European country like Cyprus to declare that they will need to sell some tons of the aureate bricks from their vault and all the exaggeration would sound understated. Some of the most reputed international journals and newspapers are already pointing out their outlook on gold as ‘Dull’. [Read more...]