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Gold - Now, No One Wants It

 
IS-BE
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12/18/2011 06:21 PM
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Gold - Now, No One Wants It
In just three months, gold (Exchange: XAU=) has gone from the trade that works in every kind of market to the trade that doesn't work in any market.

Bullion is off more than 17 percent from an all-time high reached in September as strapped hedge funds and sovereign funds sell the metal to raise funds and the strong U.S. dollar (Intercontinental Exchange US: .DXY) strips it of its safe haven status.

"Gold was a safe haven, a hedge and a speculative trade all at the same time," said Michael Murphy, CEO of Rosecliff Capital, a hedge fund. "Long gold has been a winning trade for years. We expect the selloff in gold to gain momentum into 2012. Traders are finding better hedges, better safe havens, and better speculative commodity plays than long gold."

^Snip - less than 50%.

Read more here:

[link to finance.yahoo.com]

Investors, please invest in alignment with your risk tolerance.

cheers

Last Edited by IS-BE on 12/18/2011 06:22 PM
Anonymous Coward
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12/18/2011 06:34 PM
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Re: Gold - Now, No One Wants It
Drive the price down, buy at a cheaper price.
telling it straight

User ID: 1461054
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12/18/2011 06:35 PM

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Re: Gold - Now, No One Wants It
People will start clamoring for gold when the dollar goes the way of the euro. Until the dollar begins cracking up, people will be able to kid themselves for a little longer that the dollar is a "safe haven." The dollar's recent strength has set gold back but it won't last long.

When the dollar starts to unwind, gold will resume its rise. You'd be unwise to sell your positions now, gold's best highs are ahead.

Last Edited by telling it straight on 12/18/2011 06:36 PM
Anonymous Coward
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12/18/2011 06:36 PM
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Re: Gold - Now, No One Wants It
I'm still buying, its all for my kids in 20 years, I bet they don't care what I paid for it, in 2011.
Anonymous Coward
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12/18/2011 06:37 PM
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Re: Gold - Now, No One Wants It
I'm still buying, its all for my kids in 20 years, I bet they don't care what I paid for it, in 2011.
 Quoting: Anonymous Coward 7301295


^^^^^THIS^^^^^
Punk-A$$ets

User ID: 1683819
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12/18/2011 06:39 PM

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Re: Gold - Now, No One Wants It
For the year, I beat reported inflation by 3X. Every 100 oz I own that was bought before that is up another $200+ PER OZ.

If I had bought the DOW, Nasdaq or S&P Id be a a few percentage points in the hole accounting for inflation.

Last Edited by Punk-A$$ets on 12/18/2011 06:39 PM
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
IS-BE (OP)

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12/18/2011 06:49 PM
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Re: Gold - Now, No One Wants It
I'm still buying, its all for my kids in 20 years, I bet they don't care what I paid for it, in 2011.
 Quoting: Anonymous Coward 7301295


Hi AC,

Long-term buy and hold is always a good move.

Happy investing!!

cheers
IS-BE (OP)

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12/18/2011 06:49 PM
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Re: Gold - Now, No One Wants It
I'm still buying, its all for my kids in 20 years, I bet they don't care what I paid for it, in 2011.
 Quoting: Anonymous Coward 7301295


^^^^^THIS^^^^^
 Quoting: Anonymous Coward 6750470


cheers
IS-BE (OP)

User ID: 6788562
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12/18/2011 06:50 PM
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Re: Gold - Now, No One Wants It
For the year, I beat reported inflation by 3X. Every 100 oz I own that was bought before that is up another $200+ PER OZ.

If I had bought the DOW, Nasdaq or S&P Id be a a few percentage points in the hole accounting for inflation.
 Quoting: Punk-A$$ets


Awesome!!

cheers
Anonymous Coward
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12/18/2011 07:00 PM
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Re: Gold - Now, No One Wants It
Gold in the 21st century:

12/31/00 - $272
12/31/01 - $278
12/31/02 - $346
12/31/03 - $435
12/31/04 – $437
12/31/05 – $516
12/31/06 – $636
12/31/07 – $834
12/31/08 – $880
12/31/09 – $1,096
12/31/10 - $1,421
12/31/11 - ???

Goldtards get fucked over and over.
 Quoting: Punk-A$$ets


^^^^^THIS SAYS IT ALL^^^^^
Anonymous Coward
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12/18/2011 07:01 PM
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Re: Gold - Now, No One Wants It
For the year, I beat reported inflation by 3X. Every 100 oz I own that was bought before that is up another $200+ PER OZ.

If I had bought the DOW, Nasdaq or S&P Id be a a few percentage points in the hole accounting for inflation.
 Quoting: Punk-A$$ets


Awesome!!

cheers
 Quoting: IS-BE


drunk
IS-BE (OP)

User ID: 6788562
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12/18/2011 07:15 PM
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Re: Gold - Now, No One Wants It
Gold in the 21st century:

12/31/00 - $272
12/31/01 - $278
12/31/02 - $346
12/31/03 - $435
12/31/04 – $437
12/31/05 – $516
12/31/06 – $636
12/31/07 – $834
12/31/08 – $880
12/31/09 – $1,096
12/31/10 - $1,421
12/31/11 - ???

Goldtards get fucked over and over.
 Quoting: Punk-A$$ets


^^^^^THIS SAYS IT ALL^^^^^
 Quoting: Anonymous Coward 6750470


Hi AC,

Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see.

cheers

Last Edited by IS-BE on 12/18/2011 07:40 PM
Anonymous Coward
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12/18/2011 07:28 PM
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Re: Gold - Now, No One Wants It
Its PAPER the world doesn't want..
samanthasunflower

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12/18/2011 07:40 PM

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Re: Gold - Now, No One Wants It
drunk

Just think of those poor gold and silver buyers who are up 200-300%. How can they live with themselves.

wine

1rof1

The gold and silver market is very volatile. Either enjoy the ride or bu and never check the price.

(Edit to add - I'll gladly take all that unwanted gold off your hands. Just ship it to me. ) 1rof1

Last Edited by samanthasunflower on 12/18/2011 07:41 PM
IS-BE (OP)

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12/18/2011 07:42 PM
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Re: Gold - Now, No One Wants It
Its PAPER the world doesn't want..
 Quoting: Anonymous Coward 1548362


^^ This made me smile. Good one!!
IS-BE (OP)

User ID: 6788562
United States
12/18/2011 07:45 PM
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Re: Gold - Now, No One Wants It
drunk

Just think of those poor gold and silver buyers who are up 200-300%. How can they live with themselves.

wine

1rof1

The gold and silver market is very volatile. Either enjoy the ride or bu and never check the price.

(Edit to add - I'll gladly take all that unwanted gold off your hands. Just ship it to me. ) 1rof1
 Quoting: samanthasunflower


Hi Samantha,

I agree!! I myself dollar-cost average and buy and hold for the long-term.

I worry about those speculators rushing in thinking they are going to double their money in a week without considering market volatility and their own risk tolerance.

cheers
juju

User ID: 7205358
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12/18/2011 07:48 PM

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Re: Gold - Now, No One Wants It
God is at $1637.14 up $21, I'll keep.
IS-BE (OP)

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12/18/2011 07:50 PM
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Re: Gold - Now, No One Wants It
God is at $1637.14 up $21, I'll keep.
 Quoting: juju


Hi JuJu,

Good idea!! I myself certainly will not sell.

cheers
IS-BE (OP)

User ID: 6788562
United States
12/18/2011 07:53 PM
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Re: Gold - Now, No One Wants It
People will start clamoring for gold when the dollar goes the way of the euro. Until the dollar begins cracking up, people will be able to kid themselves for a little longer that the dollar is a "safe haven." The dollar's recent strength has set gold back but it won't last long.

When the dollar starts to unwind, gold will resume its rise. You'd be unwise to sell your positions now, gold's best highs are ahead.
 Quoting: telling it straight


Hi Telling it Straight,

It certainly will be interesting!!

cheers
Punk-A$$ets

User ID: 1683819
United States
12/18/2011 08:14 PM

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Re: Gold - Now, No One Wants It
Gold in the 21st century:

12/31/00 - $272
12/31/01 - $278
12/31/02 - $346
12/31/03 - $435
12/31/04 – $437
12/31/05 – $516
12/31/06 – $636
12/31/07 – $834
12/31/08 – $880
12/31/09 – $1,096
12/31/10 - $1,421
12/31/11 - ???

Goldtards get fucked over and over.
 Quoting: Punk-A$$ets


^^^^^THIS SAYS IT ALL^^^^^
 Quoting: Anonymous Coward 6750470


Hi AC,

Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see.

cheers
 Quoting: IS-BE


Its the buying power over time that matters. Over the long haul, gold has never lost ground against fiat. Ever. It always comes back to its mean. Those that accumulate gold, on the dips, over a lifetime, will be at least as good as those that contribute to an IRA or 401-K. Stocks are ok too...the only difference is that the savings is in the control of the accumulator and not some crooked company or custodian. A companies stock in a mutual fund may go bankrupt but not one ounce of my gold will ever go under. Neither ounce of gold I own has a mortgage or a lein against it.

When I'm old and weary and have a few thousand oz of gold and 50k oz of silver socked away, people will still tell me how stupid I am.

Last Edited by Punk-A$$ets on 12/18/2011 08:14 PM
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
IS-BE (OP)

User ID: 6788562
United States
12/18/2011 08:19 PM
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Re: Gold - Now, No One Wants It
Gold in the 21st century:

12/31/00 - $272
12/31/01 - $278
12/31/02 - $346
12/31/03 - $435
12/31/04 – $437
12/31/05 – $516
12/31/06 – $636
12/31/07 – $834
12/31/08 – $880
12/31/09 – $1,096
12/31/10 - $1,421
12/31/11 - ???

Goldtards get fucked over and over.
 Quoting: Punk-A$$ets


^^^^^THIS SAYS IT ALL^^^^^
 Quoting: Anonymous Coward 6750470


Hi AC,

Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see.

cheers
 Quoting: IS-BE


Its the buying power over time that matters. Over the long haul, gold has never lost ground against fiat. Ever. It always comes back to its mean. Those that accumulate gold, on the dips, over a lifetime, will be at least as good as those that contribute to an IRA or 401-K. Stocks are ok too...the only difference is that the savings is in the control of the accumulator and not some crooked company or custodian. A companies stock in a mutual fund may go bankrupt but not one ounce of my gold will ever go under. Neither ounce of gold I own has a mortgage or a lein against it.

When I'm old and weary and have a few thousand oz of gold and 50k oz of silver socked away, people will still tell me how stupid I am.
 Quoting: Punk-A$$ets


Hi Punk,

I agree!! What would you consider a dip in the current market? Is there a price point where you will buy or are you always buying at set intervals?
Anonymous Coward
User ID: 7347241
United States
12/18/2011 08:21 PM
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Re: Gold - Now, No One Wants It
This is great news cause now i can buy even more gold. The collapse of the dollar is a certainty. I'll get some durable assets and stuff too but if it drops a little more i'm gonna buy more. It really hasnt come down that much though. I started buying around $500 years ago. I should have gotten a ton then. But its not for an investment. I gives a shit about the broken fiat.
Punk-A$$ets

User ID: 1683819
United States
12/18/2011 08:22 PM

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Re: Gold - Now, No One Wants It
By the way Im not your average goldtard. I could see gold heading south for a long time. I could even see gold below $1000 as crazy as it sounds. My "investment" horizon is decades. I think it is very unlikely that gold will fall that low for an extended period given the immense debt and challenges we all face but hey, we are in uncharted waters. And lets face it, people arent scared enough for $5000 gold right now.

But...




Last Edited by Punk-A$$ets on 12/18/2011 08:23 PM
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
IS-BE (OP)

User ID: 6788562
United States
12/18/2011 08:27 PM
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Re: Gold - Now, No One Wants It
This is great news cause now i can buy even more gold. The collapse of the dollar is a certainty. I'll get some durable assets and stuff too but if it drops a little more i'm gonna buy more. It really hasnt come down that much though. I started buying around $500 years ago. I should have gotten a ton then. But its not for an investment. I gives a shit about the broken fiat.
 Quoting: Anonymous Coward 7347241


Definitely!!

cheers
Punk-A$$ets

User ID: 1683819
United States
12/18/2011 08:28 PM

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Re: Gold - Now, No One Wants It
...


^^^^^THIS SAYS IT ALL^^^^^
 Quoting: Anonymous Coward 6750470


Hi AC,

Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see.

cheers
 Quoting: IS-BE


Its the buying power over time that matters. Over the long haul, gold has never lost ground against fiat. Ever. It always comes back to its mean. Those that accumulate gold, on the dips, over a lifetime, will be at least as good as those that contribute to an IRA or 401-K. Stocks are ok too...the only difference is that the savings is in the control of the accumulator and not some crooked company or custodian. A companies stock in a mutual fund may go bankrupt but not one ounce of my gold will ever go under. Neither ounce of gold I own has a mortgage or a lein against it.

When I'm old and weary and have a few thousand oz of gold and 50k oz of silver socked away, people will still tell me how stupid I am.
 Quoting: Punk-A$$ets


Hi Punk,

I agree!! What would you consider a dip in the current market? Is there a price point where you will buy or are you always buying at set intervals?
 Quoting: IS-BE


Until recently (last few months) I had been buying every time gold had a nice dip. But Im just as scared as the next person. Cash is what I am building up right now. IF and I mean IF I can find a more discernible direction for metals I might buy more.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
IS-BE (OP)

User ID: 6788562
United States
12/18/2011 08:29 PM
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Re: Gold - Now, No One Wants It
By the way Im not your average goldtard. I could see gold heading south for a long time. I could even see gold below $1000 as crazy as it sounds. My "investment" horizon is decades. I think it is very unlikely that gold will fall that low for an extended period given the immense debt and challenges we all face but hey, we are in uncharted waters. And lets face it, people arent scared enough for $5000 gold right now.

But...



 Quoting: Punk-A$$ets


Wonderful!! My investment horizon is the same. In fact, my portfolio is my gift to future generations in my family.
Anonymous Coward
User ID: 1152154
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12/18/2011 08:29 PM
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Re: Gold - Now, No One Wants It
oh really im thinking of not putting 6k into MY IRA this year rather ill be buying PMs PHYSICAL !

vendetta
IS-BE (OP)

User ID: 6788562
United States
12/18/2011 08:30 PM
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Re: Gold - Now, No One Wants It
...


Hi AC,

Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see.

cheers
 Quoting: IS-BE


Its the buying power over time that matters. Over the long haul, gold has never lost ground against fiat. Ever. It always comes back to its mean. Those that accumulate gold, on the dips, over a lifetime, will be at least as good as those that contribute to an IRA or 401-K. Stocks are ok too...the only difference is that the savings is in the control of the accumulator and not some crooked company or custodian. A companies stock in a mutual fund may go bankrupt but not one ounce of my gold will ever go under. Neither ounce of gold I own has a mortgage or a lein against it.

When I'm old and weary and have a few thousand oz of gold and 50k oz of silver socked away, people will still tell me how stupid I am.
 Quoting: Punk-A$$ets


Hi Punk,

I agree!! What would you consider a dip in the current market? Is there a price point where you will buy or are you always buying at set intervals?
 Quoting: IS-BE


Until recently (last few months) I had been buying every time gold had a nice dip. But Im just as scared as the next person. Cash is what I am building up right now. IF and I mean IF I can find a more discernible direction for metals I might buy more.
 Quoting: Punk-A$$ets


Awesome!! Thank you Punk!!
IS-BE (OP)

User ID: 6788562
United States
12/18/2011 08:32 PM
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Re: Gold - Now, No One Wants It
oh really im thinking of not putting 6k into MY IRA this year rather ill be buying PMs PHYSICAL !

vendetta
 Quoting: Anonymous Coward 1152154


HI AC,

A friend of mine is doing the same this coming January. Needs more physical.

cheers
Anonymous Coward
User ID: 7163398
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12/18/2011 08:32 PM
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Re: Gold - Now, No One Wants It
when blood in the streets, buy real estate
Punk-A$$ets

User ID: 1683819
United States
12/18/2011 08:41 PM

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Re: Gold - Now, No One Wants It
In 1933 when gold was confiscated only one person was charged with not giving up his gold. 5000 oz. He was never convicted.

1 oz of gold in 1933 was a $20 gold piece. So 5000 oz of gold, or 5000 $20 gold pieces, was precisely $100,000, a tidy sum back then.

That 5000 oz of gold if buried in 1933 would be worth 8 million bucks today. If the same 100,000 was invested at 5% a year for 78 years it wouldn't be worth 8 million today.

So long as the gold price isnt "set" against fiat, men who own gold will aways prosper. Manipulation be damned.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.

News