Godlike Productions - Discussion Forum
Users Online Now: 2,325 (Who's On?)Visitors Today: 1,178,904
Pageviews Today: 1,968,658Threads Today: 814Posts Today: 14,090
07:00 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

What Will Happen When the Gold Bubble Bursts?

 
Sergei Mosin
Offer Upgrade

User ID: 1525854
United States
04/27/2012 04:46 AM
Report Abusive Post
Report Copyright Violation
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
User ID: 15145735
United States
04/27/2012 04:54 AM
Report Abusive Post
Report Copyright Violation
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
User ID: 14938681
Australia
04/27/2012 04:57 AM
Report Abusive Post
Report Copyright Violation
Re: What Will Happen When the Gold Bubble Bursts?
this

Anonymous Coward
User ID: 15146136
Spain
04/27/2012 05:10 AM
Report Abusive Post
Report Copyright Violation
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
User ID: 14778706
United States
04/27/2012 05:14 AM
Report Abusive Post
Report Copyright Violation
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
United States
04/27/2012 05:20 AM
Report Abusive Post
Report Copyright Violation
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
User ID: 1419030
United States
04/27/2012 06:01 AM
Report Abusive Post
Report Copyright Violation
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
User ID: 15306458
Australia
04/30/2012 10:05 AM
Report Abusive Post
Report Copyright Violation
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
User ID: 7536640
United States
04/30/2012 12:04 PM
Report Abusive Post
Report Copyright Violation
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

User ID: 1455754
United States
04/30/2012 12:08 PM

Report Abusive Post
Report Copyright Violation
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
User ID: 1073423
United Kingdom
04/30/2012 12:09 PM
Report Abusive Post
Report Copyright Violation
Re: What Will Happen When the Gold Bubble Bursts?
The Sun will explode.
Anonymous Coward
User ID: 1518917
United States
04/30/2012 02:32 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 12859541
United States
04/30/2012 02:48 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 636900
United States
04/30/2012 02:53 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 10694448
United Kingdom
04/30/2012 03:04 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 10694448
United Kingdom
04/30/2012 03:08 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 9020456
United States
04/30/2012 04:00 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 10694448
United Kingdom
04/30/2012 04:26 PM
Report Abusive Post
Report Copyright Violation
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

User ID: 14333384
Switzerland
04/30/2012 04:31 PM
Report Abusive Post
Report Copyright Violation
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

User ID: 1110904
Puerto Rico
04/30/2012 04:31 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 10694448
United Kingdom
04/30/2012 04:33 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 4619492
United States
04/30/2012 04:38 PM
Report Abusive Post
Report Copyright Violation
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

User ID: 6347711
United States
04/30/2012 04:40 PM
Report Abusive Post
Report Copyright Violation
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

User ID: 6347711
United States
04/30/2012 04:41 PM
Report Abusive Post
Report Copyright Violation
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
User ID: 10694448
United Kingdom
04/30/2012 04:49 PM
Report Abusive Post
Report Copyright Violation
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





GLP