What if Gold is a bubble??

Hi experts,

Just want to know what is gold is really a bubble, and what will be the results if it collapse, suppose if the prices of gold came down to 8,000rs /10gram. or prices of year 2000-2002 level. then what will happen??

1. what will be the effect on debt ridden countries like UK and USA, and europe?

2. what will be its effect on rupee??

3. what will be its effect on Bank around the world??

4. what will be its effect on Nifty and Sensex?? up or down?

p.s this is pure speculation, any comment is welcome..

Oh bhai, are you in trading business or philosophy business? If trading, then above questions are meaningless. No pro trader will waste time thinking about them. And if you are into philosophy business, then what I can say... Ab bhagwan hi aapka maalik hai, sirji! :lol:

phir bhi, cheel ji, kuch tho hoga?? 2008 was a blow to the major traders around the world, before 2008, the biggest fear in stock market was making less profit, either MBS or derivatives, after 2008, biggest fear was the failure of money system. anything can happen sir ji. if you think its not possible then you are crossing just crossing your fingers.

Traders like John paulson are buying gold, countries like cyprus are selling now, investors like warren buffet are saying it could be bubble. I don't no whos wrong or whos right, just want to know what will happen in such situation??

It would be a good time to buy gold when it reaches 8,000 inr for 10 grams (if that was the price in 2001). The world economy doesn't only depend on gold's valuation. Someone who's had a long term investment in gold is better off dumping their gold. Investing in pharmaceutical stocks/mutual funds would end up being more profitable than investing in gold since 2012.

Bro agar us rate pe aa jayee to apna paraya sab kuchh bech ke physical gold le lena and wait for you turn to be a Richest Asian in next decade

My dear friend, I don't give a damn if any celebrity tom dick or paulson buys gold or garbage. I am in the trading business because of only one reason. it is the only business where I am not forced to follow what others do or tell or say. I trade both sides, hence if market falls I laugh with pleasure. Goes up, I am happy with that too. Fear and greed are for investors to handle. For traders, getting into the current trend is the only thing that counts. Therefore, it matters little to me whether gold is 27000 or just 7000. Where it is gonna go from here, is what matters to me.

By the way, my previous post was not meant to disrespect you or something. If your feeling were hurt by it, then I apologize.

....While waiting, remain prepared also to sit with a katora outside Tirupati Balaji, the richest temple in the world. :rofl:

LTCM had the same attitude and they played with billions but in the end they went bankrupt.

hope someone can give me plain and simple answers to my questions (even if its an odd question and based on speculations).