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| Correct me if I’m wrong but the ratios you talk about are basically just made up from historical financial data? There’s nothing saying we have to obey these ratios. “It’s worth what someone is willing to pay” right?
I don’t like it either, but what’s to say these levels aren’t sustained? Farmers with a land base have money to keep buying, $5 corn is profitable today, etc.
Like another guy said folks have money to buy at these prices now, wouldn’t everybody be all in if there was a 30% reduction? | |
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Gold is on a tear
