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gold below $1700, Goldman Sachs: says sell

 
shrewd
User ID: 27202651
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12/05/2012 09:56 AM
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gold below $1700, Goldman Sachs: says sell
Articles at various sources... zero hedge for one. Gold is gonna drop. Like the Bible says, a days wage for a piece of bread... or, elsewhere, a piece of bread will buy a bag of gold.

Gold, other than aesthetics, generally only has financial value if you can find someone to buy it from you.
CtYankee

User ID: 10645599
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12/05/2012 09:59 AM
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Re: gold below $1700, Goldman Sachs: says sell
What...so they can buy?
CtYankee

"If at first you don't succeed, erase all evidence that you tried." -anonymous


-Spouting a fountain of nonsense since 1972-

Never met anyone important enough to lie to.....
Anonymous Coward
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12/05/2012 10:00 AM
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Re: gold below $1700, Goldman Sachs: says sell
$1695.00
Anonymous Coward
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12/05/2012 10:01 AM
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Re: gold below $1700, Goldman Sachs: says sell
By 2016, gold will be $3,000 per ounce as the US Dollar continues its skid into oblivion. Hyperinflation of the Dollar will kill the Dollar.

Buy gold, silver, diamonds...

You will need to have portable universally-acceptible wealth to escape NAZI America.
Anonymous Coward
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12/05/2012 10:02 AM
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Re: gold below $1700, Goldman Sachs: says sell
dont sell your gold/silver,hold tight because after this sell-off it will shoot around the 1850/1900 mark on the gold and silver will go around 50/55.

This will start showing up right before the new year.
Anonymous Coward
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South Africa
12/05/2012 10:02 AM
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Re: gold below $1700, Goldman Sachs: says sell
Articles at various sources... zero hedge for one. Gold is gonna drop. Like the Bible says, a days wage for a piece of bread... or, elsewhere, a piece of bread will buy a bag of gold.

Gold, other than aesthetics, generally only has financial value if you can find someone to buy it from you.
 Quoting: shrewd 27202651


Invest in grane
Anonymous Coward (OP)
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12/05/2012 10:02 AM
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Re: gold below $1700, Goldman Sachs: says sell
What...so they can buy?
 Quoting: CtYankee


Yep.
Lime Flavoured Redux

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12/05/2012 10:03 AM
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Re: gold below $1700, Goldman Sachs: says sell
By 2016, gold will be $3,000 per ounce as the US Dollar continues its skid into oblivion. Hyperinflation of the Dollar will kill the Dollar.
 Quoting: Anonymous Coward 5248308


Plenty of people claimed it would be $10,000 by the end of 2012, so the people who brought at $1902 (or whatever it was) will feel like this Thread: I BOUGHT GOLD AT 1225 - FEEL LIKE CALIGULA FISTED MY RECTUS! WHAT SHOULD I DO! lol
Mrbillybadass

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12/05/2012 10:03 AM
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Re: gold below $1700, Goldman Sachs: says sell
Ruse, this will be the last drop in gold.

Last Edited by Mrbillybadass on 12/05/2012 10:04 AM
Anonymous Coward (OP)
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12/05/2012 10:04 AM
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Re: gold below $1700, Goldman Sachs: says sell
By 2016, gold will be $3,000 per ounce as the US Dollar continues its skid into oblivion. Hyperinflation of the Dollar will kill the Dollar.

Buy gold, silver, diamonds...

You will need to have portable universally-acceptible wealth to escape NAZI America.
 Quoting: Anonymous Coward 5248308


Great... so you sell your gold for worthless dollars? How many times have you read recently gold, silver, is about to skyrocket in price? By the end of this year?
Anonymous Coward
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12/05/2012 10:13 AM
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Re: gold below $1700, Goldman Sachs: says sell
$1688.964
TheBiss
Food Dude

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12/05/2012 10:16 AM
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Re: gold below $1700, Goldman Sachs: says sell
It was $1540 in June... Whooptie frickin' doo.
www.TheGrainMillWF.com - Bulk foods, long term storage solutions
www.CatawbaCoops.com - Unique A-Frame chicken coop plans
Anonymous Coward
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12/05/2012 10:17 AM
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Re: gold below $1700, Goldman Sachs: says sell
“Gold Is A Physical Safe Asset” Says Central Bank of Korea


[link to www.silverdoctors.com]

The Bank of Korea increased gold reserves 20% last month to diversify investments, boosting holdings for the fourth time since June 2011 and underscoring increased demand by central banks according to Bloomberg. The bank added 14 metric tons in November, bringing the total to 84.4 tons, the bank said in a statement today. By value, holdings increased about $780 million to $3.76 billion, equivalent to 1.2% of total reserves, the bank said. “Gold is a physical, safe asset,” the Bank of Korea said in the statement. The precious metal “is a way of diversification, which helps reduce investment risk in terms of foreign-exchange reserves management,” it said. The Bank of Korea bought 16 tons in July, 15 tons in November 2011 a further 25 tons over a one-month period from June to July last year.


Were Last Week’s Gold & Silver Chart ”Glitches” Telegraphing This Week’s Cartel Raids?

[link to www.silverdoctors.com]

In one of the main claims in the ongoing class action suit against JP Morgan Chase alleging price manipulation of silver, the suit alleges that JPM made over 25 massive FAKE TRADES using Saxo Bank during sparse Globex evening hours prior to major silver raids for the express purpose of TELEGRAPHING AN IMPENDING SILVER SMASH TO THEIR BUDDIES!
Anonymous Coward
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12/05/2012 10:18 AM
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Re: gold below $1700, Goldman Sachs: says sell
Great... so you sell your gold for worthless dollars? How many times have you read recently gold, silver, is about to skyrocket in price? By the end of this year?
 Quoting: Anonymous Coward 27202651


NO, you sell your gold and quickly transfer those dollars by

BUYING LAND.

NOW.
Anonymous Coward
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Canada
12/05/2012 10:19 AM
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Re: gold below $1700, Goldman Sachs: says sell
By 2016, gold will be $3,000 per ounce as the US Dollar continues its skid into oblivion. Hyperinflation of the Dollar will kill the Dollar.

Buy gold, silver, diamonds...

You will need to have portable universally-acceptible wealth to escape NAZI America.
 Quoting: Anonymous Coward 5248308


Great... so you sell your gold for worthless dollars? How many times have you read recently gold, silver, is about to skyrocket in price? By the end of this year?
 Quoting: Anonymous Coward 27202651


Well, the sources for all the "to da moon" BS are usually a little... less than credible, shall we say. Basically the GLPs of the financial world. I read an article from 2010 where Goldman was predicting gold peaking at around $1750 in 2012 and well... they weren't too far off:

[link to blogs.wsj.com]

And oh yeah: The last time I checked, those "worthless dollars" are what my landlord, cable/phone company and grocery store accepted as payment. Gold and silver weren't options, I'm afraid. Worthless my ass.
Anonymous Coward
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12/05/2012 10:28 AM
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Re: gold below $1700, Goldman Sachs: says sell
By 2016, gold will be $3,000 per ounce as the US Dollar continues its skid into oblivion. Hyperinflation of the Dollar will kill the Dollar.

Buy gold, silver, diamonds...

You will need to have portable universally-acceptible wealth to escape NAZI America.
 Quoting: Anonymous Coward 5248308


Great... so you sell your gold for worthless dollars? How many times have you read recently gold, silver, is about to skyrocket in price? By the end of this year?
 Quoting: Anonymous Coward 27202651


Well, the sources for all the "to da moon" BS are usually a little... less than credible, shall we say. Basically the GLPs of the financial world. I read an article from 2010 where Goldman was predicting gold peaking at around $1750 in 2012 and well... they weren't too far off:

[link to blogs.wsj.com]

And oh yeah: The last time I checked, those "worthless dollars" are what my landlord, cable/phone company and grocery store accepted as payment. Gold and silver weren't options, I'm afraid. Worthless my ass.
 Quoting: Anonymous Coward 1283316




current dollar index 79.78
Anonymous Coward
User ID: 1283316
Canada
12/05/2012 10:29 AM
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Re: gold below $1700, Goldman Sachs: says sell
By 2016, gold will be $3,000 per ounce as the US Dollar continues its skid into oblivion. Hyperinflation of the Dollar will kill the Dollar.

Buy gold, silver, diamonds...

You will need to have portable universally-acceptible wealth to escape NAZI America.
 Quoting: Anonymous Coward 5248308


Great... so you sell your gold for worthless dollars? How many times have you read recently gold, silver, is about to skyrocket in price? By the end of this year?
 Quoting: Anonymous Coward 27202651


Well, the sources for all the "to da moon" BS are usually a little... less than credible, shall we say. Basically the GLPs of the financial world. I read an article from 2010 where Goldman was predicting gold peaking at around $1750 in 2012 and well... they weren't too far off:

[link to blogs.wsj.com]

And oh yeah: The last time I checked, those "worthless dollars" are what my landlord, cable/phone company and grocery store accepted as payment. Gold and silver weren't options, I'm afraid. Worthless my ass.
 Quoting: Anonymous Coward 1283316




current dollar index 79.78
 Quoting: Anonymous Coward 29131839


whatever
Anonymous Coward
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12/05/2012 10:31 AM
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Re: gold below $1700, Goldman Sachs: says sell
If someone told you to jump off of a bridge, would you???
tell it like it isn't
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12/05/2012 11:01 AM
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Re: gold below $1700, Goldman Sachs: says sell
well the paper guys want gold below 1675 now then the fed speaks next week, so m a dead cat next week up, then back to where are now,when that cools then all heck breaks out next year, 2100 by june.
NSF001

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12/05/2012 11:29 AM
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Re: gold below $1700, Goldman Sachs: says sell
Anybody that has been investing in gold since 2004 has been playing a very risky game. in 2004 it was discovered that up to 1/3 of the worlds gold is just coated Tungsten, worth about $50 a 400oz bar. The Rothschild’s stopped trading gold in 2004, potentially for this very reason. Private investors have been left holding what may worthless lumps since, and the best part, they have been paying record prices for it. this is the scam. Sorry anybody who has bought gold themself, you may have been had.
I don't think so,
he's up there with the others laying low,
vying with those who you've traded your life to to bless your soul,
Anonymous Coward
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12/05/2012 11:29 AM
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Re: gold below $1700, Goldman Sachs: says sell
Do the exact opposite to what those Sachs of bitches say. Works every time. :P
Thor's Hamster

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12/05/2012 11:30 AM
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Re: gold below $1700, Goldman Sachs: says sell
What...so they can buy?
 Quoting: CtYankee


Lol exactly.
Apollo astronauts couldn't have passed through Van Allen's Belt. Van Allen wore suspenders.
Thor's Hamster

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12/05/2012 11:31 AM
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Re: gold below $1700, Goldman Sachs: says sell
Goldman Nut Sachs
Apollo astronauts couldn't have passed through Van Allen's Belt. Van Allen wore suspenders.
Philligan
in rainbows

User ID: 2530194
United States
12/05/2012 11:33 AM

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Re: gold below $1700, Goldman Sachs: says sell
Physical holders dont worry about this bullshit. Its just an opportunity to buy more,

Paper traders panic because they are losing their beloved cash.

Hold and buy more, its an asset is all it is. Like property, it fluctuates but is still GREAT to own.

I bought 30 ounces of silver last Friday, just keep buying
everything in its right place
Anonymous Coward
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12/05/2012 11:36 AM
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Re: gold below $1700, Goldman Sachs: says sell
if it drops people will not sell it causing a shortage which will make prices rise
Anonymous Coward
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12/05/2012 12:28 PM
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Re: gold below $1700, Goldman Sachs: says sell
$1692....
Anonymous Coward
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12/05/2012 12:40 PM
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Re: gold below $1700, Goldman Sachs: says sell
Goldman Nut Sachs
 Quoting: Thor's Hamster


I hear the Goldman Squid will be hiring Gayvid Shillcock as their public relations honcho!

1rof1
Anonymous Coward
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12/05/2012 12:41 PM
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Re: gold below $1700, Goldman Sachs: says sell
yes trade you gold for papper the time has never been better.
Anonymous Coward
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12/05/2012 12:44 PM
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Re: gold below $1700, Goldman Sachs: says sell
Royal Canadian Mint’s Tungsten Twostep?

[link to www.silverdoctors.com]


The Drilled Gold Bars Filled With Tungsten

[link to www.forbes.com]

Many,many other proven-found salted bars
Just google for the info.
andawg221

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12/05/2012 12:57 PM
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Re: gold below $1700, Goldman Sachs: says sell
if it drops people will not sell it causing a shortage which will make prices rise
 Quoting: Anonymous Coward 28871789


But... If you do like Goldman Sachs says, you can help them drive it back down to $1,200 an oz and then they buy it all!

And this time next year, you feel like a fool!
andawg221

User ID: 29144215
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12/05/2012 01:00 PM
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Re: gold below $1700, Goldman Sachs: says sell
Royal Canadian Mint’s Tungsten Twostep?

[link to www.silverdoctors.com]


The Drilled Gold Bars Filled With Tungsten

[link to www.forbes.com]

Many,many other proven-found salted bars
Just google for the info.
 Quoting: Anonymous Coward 29131839


These are gonna be big factors in silver going way up in price. As people get scared of gold, silver will surely be a safe spot.

Just don't buy anything above 10oz bars! 100oz are often drilled and filled with lead.

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