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What Will Happen When the Gold Bubble Bursts?

 
Sergei Mosin
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04/27/2012 04:46 AM
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What Will Happen When the Gold Bubble Bursts?
For reasons I can not say, I believe the price of gold will collapse. Hypothetically speaking, if you cashed out your gold fortune what would you use as a safe haven for your profits?
"Whatever the price of the Chinese Revolution, it has obviously succeeded not only in producing more efficient and dedicated administration, but also in fostering high morale and community of purpose. The social experiment in China under Chairman Mao's leadership is one of the most important and successful in human history." David Rockefeller

“People think they have taken quite an extraordinarily bold step forward when they have rid themselves of belief in hereditary monarchy and swear by the democratic republic. In reality, however, the state is nothing but a machine for the oppression of one class by another, and indeed in the democratic republic no less than in the monarchy.” Friedrich Engels
Anonymous Coward
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04/27/2012 04:54 AM
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Re: What Will Happen When the Gold Bubble Bursts?
invest in the GLP observatory....or maybe SUM thang like a swap product similar to: [link to www.proshares.com]
Anonymous Coward
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Australia
04/27/2012 04:57 AM
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Re: What Will Happen When the Gold Bubble Bursts?
this

Anonymous Coward
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Spain
04/27/2012 05:10 AM
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Re: What Will Happen When the Gold Bubble Bursts?
Gold is still undervalued, even with the bubble.
The real price (if currency goes to shit) is 10 times what it is now.
Anonymous Coward
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04/27/2012 05:14 AM
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Re: What Will Happen When the Gold Bubble Bursts?
I think you meant to title this thread, "What will happen win the dollar bubble bursts?"

pick
Sergei Mosin (OP)

User ID: 1525854
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04/27/2012 05:20 AM
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Re: What Will Happen When the Gold Bubble Bursts?
Gold is still undervalued, even with the bubble.
The real price (if currency goes to shit) is 10 times what it is now.
 Quoting: Anonymous Coward 15146136


I disagree. Gold creates nothing, does not pay dividends, pays no interest and costs money to insure. If the shtf your gold will make you a target for criminals and criminal government. After food disappears from store shelves you will need a truck load of gold to buy a weeks worth of food. If society does not collapse, the gold bubble will burst. Rapid devaluation of precious metals will cause market uphevil and investment opportunities. I am going to sell my gold mining stocks and am curious what different people see as be a good sector in the post gold economy.
"Whatever the price of the Chinese Revolution, it has obviously succeeded not only in producing more efficient and dedicated administration, but also in fostering high morale and community of purpose. The social experiment in China under Chairman Mao's leadership is one of the most important and successful in human history." David Rockefeller

“People think they have taken quite an extraordinarily bold step forward when they have rid themselves of belief in hereditary monarchy and swear by the democratic republic. In reality, however, the state is nothing but a machine for the oppression of one class by another, and indeed in the democratic republic no less than in the monarchy.” Friedrich Engels
Anonymous Coward
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04/27/2012 06:01 AM
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Re: What Will Happen When the Gold Bubble Bursts?
Gold is still undervalued, even with the bubble.
The real price (if currency goes to shit) is 10 times what it is now.
 Quoting: Anonymous Coward 15146136


I disagree. Gold creates nothing, does not pay dividends, pays no interest and costs money to insure. If the shtf your gold will make you a target for criminals and criminal government. After food disappears from store shelves you will need a truck load of gold to buy a weeks worth of food. If society does not collapse, the gold bubble will burst. Rapid devaluation of precious metals will cause market uphevil and investment opportunities. I am going to sell my gold mining stocks and am curious what different people see as be a good sector in the post gold economy.
 Quoting: Sergei Mosin


cruise

If it wernt for idiots, there would be no rich peole.
Your grasp on "what is money" shows your guv funded education.
OldMoney
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Australia
04/30/2012 10:05 AM
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Re: What Will Happen When the Gold Bubble Bursts?
Gold is still undervalued, even with the bubble.
The real price (if currency goes to shit) is 10 times what it is now.
 Quoting: Anonymous Coward 15146136


I disagree. Gold creates nothing, does not pay dividends, pays no interest and costs money to insure. If the shtf your gold will make you a target for criminals and criminal government. After food disappears from store shelves you will need a truck load of gold to buy a weeks worth of food. If society does not collapse, the gold bubble will burst. Rapid devaluation of precious metals will cause market uphevil and investment opportunities. I am going to sell my gold mining stocks and am curious what different people see as be a good sector in the post gold economy.
 Quoting: Sergei Mosin


Gold just sits there like a rock but a promise can disappear in a flash, the choice is yours.

[link to fofoa.blogspot.com]

Yes, sell your mining share promises of future wealth and get something without counter-party promise-breaking risk.

[link to fofoa.blogspot.com]

If society does collapse then the best items are seeds, land and bullets.

If society does not collapse the ultimate and best item for saving without risk of promise default will be unambiguous physical gold. This is the perspective of central banks today, high net-wealth individuals shortly and the general population eventually. Once the debt/credit/currency crisis has resolved we will be able to spend some of our unambiguous gold savings on the promise of productive investments again.
Anonymous Coward
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04/30/2012 12:04 PM
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Re: What Will Happen When the Gold Bubble Bursts?
Gold isnt a bubble. Its value is only representative of how much of something is needed to acquire it. By the "gold bubble bursting" what you are actually referring to is a revaluation in currency. Not going to happen.
gebahie

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04/30/2012 12:08 PM

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Re: What Will Happen When the Gold Bubble Bursts?
For reasons I can not say, I believe the price of gold will collapse. Hypothetically speaking, if you cashed out your gold fortune what would you use as a safe haven for your profits?
 Quoting: Sergei Mosin


1 gold is not in a bubble. Gold been around for thousands years its not going anywhere.

2 Name 1 paper currency that has been around for more then 50 years not backed by gold?
Anonymous Coward
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United Kingdom
04/30/2012 12:09 PM
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Re: What Will Happen When the Gold Bubble Bursts?
The Sun will explode.
Anonymous Coward
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04/30/2012 02:32 PM
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Re: What Will Happen When the Gold Bubble Bursts?
Gold and silver are good to hold and accumulate DURING a collapse. Leverage it as the dollar weakens and inflation takes off. After the collapse they are not worth much (like others have said - bullets, food storage, water, etc are what you want).
Anonymous Coward
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04/30/2012 02:48 PM
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Re: What Will Happen When the Gold Bubble Bursts?
If gold crashes then that is a good thing. It will mean that the dollar made a miraculous turn around and gains enormous strength. Everything would drop in price overnight from groceries to gas. Industry would recover in a week and corporations would stop outsourcing jobs. Wait...thats impossible. I'm sticking with gold.
Anonymous Coward
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04/30/2012 02:53 PM
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Re: What Will Happen When the Gold Bubble Bursts?
For reasons I can not say, I believe the price of gold will collapse. Hypothetically speaking, if you cashed out your gold fortune what would you use as a safe haven for your profits?
 Quoting: Sergei Mosin


LOL GOLD BUBBLE??? ARE YOU INSANE?
It has not even begun its move upward.

LOL
Anonymous Coward
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04/30/2012 03:04 PM
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Re: What Will Happen When the Gold Bubble Bursts?
I disagree. Gold creates nothing, does not pay dividends, pays no interest and costs money to insure. If the shtf your gold will make you a target for criminals and criminal government. After food disappears from store shelves you will need a truck load of gold to buy a weeks worth of food. If society does not collapse, the gold bubble will burst. Rapid devaluation of precious metals will cause market uphevil and investment opportunities. I am going to sell my gold mining stocks and am curious what different people see as be a good sector in the post gold economy.
 Quoting: Sergei Mosin


this is why the west is fooked. idiocy and ignorance of the highest order....
I particularly liked the bolded bit. 1rof1

6000 years of history and op thinks fiat will win, deflationista of the highest tard....
Anonymous Coward
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04/30/2012 03:08 PM
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Re: What Will Happen When the Gold Bubble Bursts?
Gold just sits there like a rock but a promise can disappear in a flash, the choice is yours.

[link to fofoa.blogspot.com]

Yes, sell your mining share promises of future wealth and get something without counter-party promise-breaking risk.

[link to fofoa.blogspot.com]

If society does collapse then the best items are seeds, land and bullets.

If society does not collapse the ultimate and best item for saving without risk of promise default will be unambiguous physical gold. This is the perspective of central banks today, high net-wealth individuals shortly and the general population eventually. Once the debt/credit/currency crisis has resolved we will be able to spend some of our unambiguous gold savings on the promise of productive investments again.
 Quoting: OldMoney 15306458


one of the best posters on the net: fofoa :rockon:
Anonymous Coward
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04/30/2012 04:00 PM
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Re: What Will Happen When the Gold Bubble Bursts?
I think you meant to title this thread, "What will happen win the dollar bubble bursts?"

pick
 Quoting: Anonymous Coward 14778706


I think OP's title was 'I don't have any gold how I wish it could burst'

another do
Anonymous Coward
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04/30/2012 04:26 PM
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Re: What Will Happen When the Gold Bubble Bursts?
I think you meant to title this thread, "What will happen win the dollar bubble bursts?"

pick
 Quoting: Anonymous Coward 14778706


I think OP's title was 'I don't have any gold how I wish it could burst'

another do
 Quoting: Anonymous Coward 9020456


chuckle

on a serious note, if/when the fundamentals change, then so will my metals strategy.....
the fundamentals haven't changed imo.....the bernanke et al are still doing fiat heli-drops....
ol' Willie McTell

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04/30/2012 04:31 PM
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Re: What Will Happen When the Gold Bubble Bursts?
gold price will explode. in a few month you can buy a house & a ferrari for one golden eagle.
and you will have some great weekends with coke, bitches and booze from the change.
I'm with Zobrist!
Northman

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04/30/2012 04:31 PM

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Re: What Will Happen When the Gold Bubble Bursts?
You can't run a global economy with gold as currency as about 6 billion people wouldn't have any.
Anonymous Coward
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04/30/2012 04:33 PM
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Re: What Will Happen When the Gold Bubble Bursts?
You can't run a global economy with gold as currency as about 6 billion people wouldn't have any.
 Quoting: Northman


plutocracy + corporatocracy = where we are right now in US & UK
Anonymous Coward
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04/30/2012 04:38 PM
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Re: What Will Happen When the Gold Bubble Bursts?
You can't run a global economy with gold as currency as about 6 billion people wouldn't have any.
 Quoting: Northman


not true very divisible
Albino Rhino

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United States
04/30/2012 04:40 PM
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Re: What Will Happen When the Gold Bubble Bursts?
For reasons I can not say, I believe the price of gold will collapse. Hypothetically speaking, if you cashed out your gold fortune what would you use as a safe haven for your profits?
 Quoting: Sergei Mosin


It is not a gold bubble. It is a dollar bubble. The dollar bubble will burst and ALL commodities will be out of reach.
Albino Rhino

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04/30/2012 04:41 PM
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Re: What Will Happen When the Gold Bubble Bursts?
You can't run a global economy with gold as currency as about 6 billion people wouldn't have any.
 Quoting: Northman


That is what silver is for. The common man will use silver. The elites will have gold. 6000 years of history.
Anonymous Coward
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04/30/2012 04:49 PM
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Re: What Will Happen When the Gold Bubble Bursts?
You can't run a global economy with gold as currency as about 6 billion people wouldn't have any.
 Quoting: Northman


That is what silver is for. The common man will use silver. The elites will have gold. 6000 years of history.
 Quoting: Albino Rhino


correct

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