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| 10:20 AM | ||
| Users Online Now: 2,080 (Who's On?) | Visitors Today: 517,389 | |
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| 10:20 AM | ||
Gold - Now, No One Wants It | |
| IS-BE Offer Upgrade  User ID: 6788562  United States12/18/2011 06:21 PM Report Abusive Post Report Copyright Violation | 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.  Last Edited by IS-BE on 12/18/2011 06:22 PM |
| Anonymous Coward User ID: 6186969 United States12/18/2011 06:34 PM Report Abusive Post Report Copyright Violation | |
| telling it straight User ID: 1461054 United States12/18/2011 06:35 PM  Report Abusive Post Report Copyright Violation | 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 User ID: 7301295 United States12/18/2011 06:36 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 6750470  Canada12/18/2011 06:37 PM Report Abusive Post Report Copyright Violation | |
| Punk-A$$ets User ID: 1683819 United States12/18/2011 06:39 PM Report Abusive Post Report Copyright Violation | If I had bought the DOW, Nasdaq or S&P Id be a a few percentage points in the hole accounting for inflation. Last Edited by Chucklebutt on 12/18/2011 06:39 PM |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 06:49 PM Report Abusive Post Report Copyright Violation | |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 06:49 PM Report Abusive Post Report Copyright Violation | |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 06:50 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 6750470 Canada12/18/2011 07:00 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 6750470 Canada12/18/2011 07:01 PM Report Abusive Post Report Copyright Violation | |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 07:15 PM Report Abusive Post Report Copyright Violation | Gold in the 21st century: Quoting: Punk-A$$ets 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. ^^^^^THIS SAYS IT ALL^^^^^ Hi AC, Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see. Last Edited by IS-BE on 12/18/2011 07:40 PM |
| Anonymous Coward User ID: 1548362 Canada12/18/2011 07:28 PM Report Abusive Post Report Copyright Violation | |
| samanthasunflower User ID: 5364986 United States12/18/2011 07:40 PM  Report Abusive Post Report Copyright Violation |  Just think of those poor gold and silver buyers who are up 200-300%. How can they live with themselves.   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. ) Last Edited by samanthasunflower on 12/18/2011 07:41 PM |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 07:42 PM Report Abusive Post Report Copyright Violation | |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 07:45 PM Report Abusive Post Report Copyright Violation | Just think of those poor gold and silver buyers who are up 200-300%. How can they live with themselves. 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. ) 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. |
| juju User ID: 7205358 United States12/18/2011 07:48 PM  Report Abusive Post Report Copyright Violation | |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 07:50 PM Report Abusive Post Report Copyright Violation | |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 07:53 PM Report Abusive Post Report Copyright Violation | 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. Quoting: telling it straight 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. Hi Telling it Straight, It certainly will be interesting!! |
| Punk-A$$ets User ID: 1683819 United States12/18/2011 08:14 PM Report Abusive Post Report Copyright Violation | Gold in the 21st century: Quoting: Punk-A$$ets 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. ^^^^^THIS SAYS IT ALL^^^^^ Hi AC, Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see. 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 Chucklebutt on 12/18/2011 08:14 PM |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 08:19 PM Report Abusive Post Report Copyright Violation | Gold in the 21st century: Quoting: Punk-A$$ets 12/31/00 - $272 12/31/01 - $278 12/31/02 - $346 12/31/03 - $435 12/31/04 $437 12/31/05 $516 12/31/06 $636 12/31/07 $834 12/31/08 $880 12/31/09 $1,096 12/31/10 - $1,421 12/31/11 - ??? Goldtards get fucked over and over. ^^^^^THIS SAYS IT ALL^^^^^ Hi AC, Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see. Its the buying power over time that matters. Over the long haul, gold has never lost ground against fiat. Ever. It always comes back to its mean. Those that accumulate gold, on the dips, over a lifetime, will be at least as good as those that contribute to an IRA or 401-K. Stocks are ok too...the only difference is that the savings is in the control of the accumulator and not some crooked company or custodian. A companies stock in a mutual fund may go bankrupt but not one ounce of my gold will ever go under. Neither ounce of gold I own has a mortgage or a lein against it. When I'm old and weary and have a few thousand oz of gold and 50k oz of silver socked away, people will still tell me how stupid I am. Hi Punk, I agree!! What would you consider a dip in the current market? Is there a price point where you will buy or are you always buying at set intervals? |
| Anonymous Coward User ID: 7347241 United States12/18/2011 08:21 PM Report Abusive Post Report Copyright Violation | This is great news cause now i can buy even more gold. The collapse of the dollar is a certainty. I'll get some durable assets and stuff too but if it drops a little more i'm gonna buy more. It really hasnt come down that much though. I started buying around $500 years ago. I should have gotten a ton then. But its not for an investment. I gives a shit about the broken fiat. |
| Punk-A$$ets User ID: 1683819 United States12/18/2011 08:22 PM Report Abusive Post Report Copyright Violation | 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 Chucklebutt on 12/18/2011 08:23 PM |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 08:27 PM Report Abusive Post Report Copyright Violation | 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!! |
| Punk-A$$ets User ID: 1683819 United States12/18/2011 08:28 PM Report Abusive Post Report Copyright Violation | Hi AC, Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see. Its the buying power over time that matters. Over the long haul, gold has never lost ground against fiat. Ever. It always comes back to its mean. Those that accumulate gold, on the dips, over a lifetime, will be at least as good as those that contribute to an IRA or 401-K. Stocks are ok too...the only difference is that the savings is in the control of the accumulator and not some crooked company or custodian. A companies stock in a mutual fund may go bankrupt but not one ounce of my gold will ever go under. Neither ounce of gold I own has a mortgage or a lein against it. When I'm old and weary and have a few thousand oz of gold and 50k oz of silver socked away, people will still tell me how stupid I am. Hi Punk, I agree!! What would you consider a dip in the current market? Is there a price point where you will buy or are you always buying at set intervals? Until recently (last few months) I had been buying every time gold had a nice dip. But Im just as scared as the next person. Cash is what I am building up right now. IF and I mean IF I can find a more discernible direction for metals I might buy more. |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 08:29 PM Report Abusive Post Report Copyright Violation | By the way Im not your average goldtard. I could see gold heading south for a long time. I could even see gold below $1000 as crazy as it sounds. My "investment" horizon is decades. I think it is very unlikely that gold will fall that low for an extended period given the immense debt and challenges we all face but hey, we are in uncharted waters. And lets face it, people arent scared enough for $5000 gold right now. Quoting: Punk-A$$ets But... 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 United States12/18/2011 08:29 PM Report Abusive Post Report Copyright Violation | |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 08:30 PM Report Abusive Post Report Copyright Violation | ... Quoting: IS-BE Hi AC, Yes, the last 10 years have been great for gold!! No one can accurately predict the future. Will be interesting to see. 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. 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? 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. Awesome!! Thank you Punk!! |
| IS-BE (OP) User ID: 6788562 United States12/18/2011 08:32 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 7163398 United States12/18/2011 08:32 PM Report Abusive Post Report Copyright Violation | |
| Punk-A$$ets User ID: 1683819 United States12/18/2011 08:41 PM Report Abusive Post Report Copyright Violation | 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. |
