Why is price of gold not shooting up, world is going crazy | |
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Anonymous Coward User ID: 25070018 United States 03/31/2013 04:12 AM Report Abusive Post Report Copyright Violation | Why even look at the "price" of gold? It makes no difference what they say it is. The true value of precious metals is above the law. It's not an investment. It is a safe haven against a failing, broken fiat dollar and a group of runaway criminal bankers. |
beeches User ID: 28167778 United States 03/31/2013 04:18 AM Report Abusive Post Report Copyright Violation | The same people reporting numbers to you are the same people sabotaging the economy. Quoting: Anonymous Coward 25070018 Why even look at the "price" of gold? It makes no difference what they say it is. The true value of precious metals is above the law. It's not an investment. It is a safe haven against a failing, broken fiat dollar and a group of runaway criminal bankers. I agree. Our gold is not measured against the dollar, but against what it will be able to do when the dollar is gone. Liberalism is totalitarianism with a human face – Thomas Sowell |
Anonymous Coward User ID: 34591947 United States 03/31/2013 04:19 AM Report Abusive Post Report Copyright Violation | The same people reporting numbers to you are the same people sabotaging the economy. Quoting: Anonymous Coward 25070018 Why even look at the "price" of gold? It makes no difference what they say it is. The true value of precious metals is above the law. It's not an investment. It is a safe haven against a failing, broken fiat dollar and a group of runaway criminal bankers. THIS ^^^^ |
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Anonymous Coward User ID: 35456178 United States 03/31/2013 04:29 AM Report Abusive Post Report Copyright Violation | Here is the truth... Physical gold and silver are a threat to the Global Financial Hegemony and it is a national security issue with the US Government. The ETFs GLD and SLV are paper representations of physical metal that does not exist. TPTB can dump millions of paper ounces on to the market on any given day to keep the price down, thus keeping fiat currency propped up. It does come with a price, it forces governments to print more fiat and dump ever increasing amounts of paper gold and silver onto the market to keep the price of physical down. It is like holding down the top to a pressure cooker with your hand, sooner or later it will blow. The longer they suppress the larger and faster will be the price of physical compared to fiat. Also you have to factor in that precious metals will not be mined if the price is artificially suppressed, while the mining costs continue to rise due to the inflation. This will cause electronics and jewelry to be in shorter supply, driving up demand causing a disconnect between paper and physical. TPTB have painted themselves into a corner and it will implode, just that no one can predict exactly when. Keep stacking and don't sell it. Precious metals, especially in currency form, is the one true money and will always retain value. Their has never been a paper fiat currency last more than 100 years, with 75 being the norm. The US dollar is no exception. Be prepared. |
Stink E. Farts User ID: 34852942 United States 03/31/2013 04:43 AM Report Abusive Post Report Copyright Violation | The USD has gone up because the Euro has gone down. Most people talk about gold in USD so it appears demand has decreased. But it has not. In terms of other currencies, gold has increased. When the contagion reaches the US, and people try to get out of the dollar, gold will go up. When the stock market bubble bursts, Gold may or may not go up depending on whether it is chosen as a safe haven. I find it interesting that unless people are affected directly, they go about their lives like nothing is happening. The normalcy bias is incredibly powerful. Everybody should be making plans in case of wealth confiscation or martial law. I have a terrible case of the stinky farts because my diet has been lacking quality. Having gas pains and stinky farts is not helpful in the case of a national emergency. Can you imagine going into hiding and being detected because you let a fart rip and they followed the noises and odor to your location? |
Anonymous Coward User ID: 35456178 United States 03/31/2013 05:01 AM Report Abusive Post Report Copyright Violation | The USD has gone up because the Euro has gone down. Most people talk about gold in USD so it appears demand has decreased. But it has not. In terms of other currencies, gold has increased. When the contagion reaches the US, and people try to get out of the dollar, gold will go up. When the stock market bubble bursts, Gold may or may not go up depending on whether it is chosen as a safe haven. Quoting: Stink E. Farts 34852942 I find it interesting that unless people are affected directly, they go about their lives like nothing is happening. The normalcy bias is incredibly powerful. Everybody should be making plans in case of wealth confiscation or martial law. I have a terrible case of the stinky farts because my diet has been lacking quality. Having gas pains and stinky farts is not helpful in the case of a national emergency. Can you imagine going into hiding and being detected because you let a fart rip and they followed the noises and odor to your location? I pity those still in 401Ks. They are going to wake up broke one morning. |
Anonymous Coward User ID: 37187641 Poland 03/31/2013 09:16 AM Report Abusive Post Report Copyright Violation | Ignore the ignorant shill fucktards on here. They know nothing and are probably being paid to post their bullshit. Quoting: Anonymous Coward 35456178 Here is the truth... Physical gold and silver are a threat to the Global Financial Hegemony and it is a national security issue with the US Government. The ETFs GLD and SLV are paper representations of physical metal that does not exist. TPTB can dump millions of paper ounces on to the market on any given day to keep the price down, thus keeping fiat currency propped up. It does come with a price, it forces governments to print more fiat and dump ever increasing amounts of paper gold and silver onto the market to keep the price of physical down. It is like holding down the top to a pressure cooker with your hand, sooner or later it will blow. The longer they suppress the larger and faster will be the price of physical compared to fiat. Also you have to factor in that precious metals will not be mined if the price is artificially suppressed, while the mining costs continue to rise due to the inflation. This will cause electronics and jewelry to be in shorter supply, driving up demand causing a disconnect between paper and physical. TPTB have painted themselves into a corner and it will implode, just that no one can predict exactly when. Keep stacking and don't sell it. Precious metals, especially in currency form, is the one true money and will always retain value. Their has never been a paper fiat currency last more than 100 years, with 75 being the norm. The US dollar is no exception. Be prepared. |
upchuck User ID: 34431232 United States 03/31/2013 09:29 AM Report Abusive Post Report Copyright Violation | Because when you invest in gold you are not actually buying gold you are buying a promise that the company that sold you the gold has the money to buy the gold; and, of course they don't actually have the money to buy the gold nor is there enough gold in the World to cover their scam so it's called a bubble and it's about to collapse. upchuck |
Anonymous Coward User ID: 37161598 United States 03/31/2013 09:44 AM Report Abusive Post Report Copyright Violation | can't eat it. can't defend yourself with it. can't hunt for food with it. what good is it? It's only worth X-amount of worthless paper currency. The difference between paper currency and toilet paper; you wont chaff or be cut by toilet paper. So which is more valuable? |
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Anonymous Coward User ID: 37191925 Mexico 03/31/2013 09:57 AM Report Abusive Post Report Copyright Violation | Some backroom deals going on to save currency and paper money, it is obvious usa is just printing money and euro was about to collapse because of little cyprus...are negotioations over syria, the only current active area of conflict really that difficult and slow? Quoting: GuidedOne It is called manipulation !! In the long term they are toast ! |
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Anonymous Coward User ID: 1211208 United States 03/31/2013 09:59 AM Report Abusive Post Report Copyright Violation | The USD has gone up because the Euro has gone down. Most people talk about gold in USD so it appears demand has decreased. But it has not. In terms of other currencies, gold has increased. When the contagion reaches the US, and people try to get out of the dollar, gold will go up. When the stock market bubble bursts, Gold may or may not go up depending on whether it is chosen as a safe haven. Quoting: Stink E. Farts 34852942 I find it interesting that unless people are affected directly, they go about their lives like nothing is happening. The normalcy bias is incredibly powerful. Everybody should be making plans in case of wealth confiscation or martial law. I have a terrible case of the stinky farts because my diet has been lacking quality. Having gas pains and stinky farts is not helpful in the case of a national emergency. Can you imagine going into hiding and being detected because you let a fart rip and they followed the noises and odor to your location? I pity those still in 401Ks. They are going to wake up broke one morning. No...remember they promised everyone that got into it would be a millionaire in 40 years... |
Anonymous Coward User ID: 32739945 United States 03/31/2013 10:00 AM Report Abusive Post Report Copyright Violation | It's pretty simple, actually... Gold mostly parallels oil prices... and run opposite to the financial markets. When the markets do well, oil and gold do not go up. When the markets tank, metals and oil rise. People invest in metals, oil, and other commodities when the stock markets are not making them money. Stock markets, over time, are proven to be a safer investment. It's only when there's an upheaval like the 2008 mortgage crisis, or a long-term recession, that the markets become a poor investment... over the short term. In those times, metals, oil, and other commodities will make you more money. VERY few successful investors stick with commodities over any length of time. Right now, oil and gold are fairly stable and a little on the high side... but that's because of indicators that suggest the current markets are near peak and might fall again, soon. |
grimmlord User ID: 33815406 United States 03/31/2013 07:23 PM Report Abusive Post Report Copyright Violation | gold/silver are merely anticipating the next big major risk off deflation event . sit tight on your PMs . because gold/silver will also front run the next big inflation risk on knee jerk reaction from the central banks in order to avoid the above total deflationary collapse . because we are in the terminal stages of this recent iteration of the fiat money system . i call it the "wolf wave" and it is very surfable on the wild and erratic ups and downs ... register an account first and then chat with grimmlord on spam.com/spam tard |
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Anonymous Coward User ID: 14443159 United States 03/31/2013 10:53 PM Report Abusive Post Report Copyright Violation | Ignore the ignorant shill fucktards on here. They know nothing and are probably being paid to post their bullshit. Quoting: Anonymous Coward 35456178 Here is the truth... Physical gold and silver are a threat to the Global Financial Hegemony and it is a national security issue with the US Government. The ETFs GLD and SLV are paper representations of physical metal that does not exist. TPTB can dump millions of paper ounces on to the market on any given day to keep the price down, thus keeping fiat currency propped up. It does come with a price, it forces governments to print more fiat and dump ever increasing amounts of paper gold and silver onto the market to keep the price of physical down. It is like holding down the top to a pressure cooker with your hand, sooner or later it will blow. The longer they suppress the larger and faster will be the price of physical compared to fiat. Also you have to factor in that precious metals will not be mined if the price is artificially suppressed, while the mining costs continue to rise due to the inflation. This will cause electronics and jewelry to be in shorter supply, driving up demand causing a disconnect between paper and physical. TPTB have painted themselves into a corner and it will implode, just that no one can predict exactly when. Keep stacking and don't sell it. Precious metals, especially in currency form, is the one true money and will always retain value. Their has never been a paper fiat currency last more than 100 years, with 75 being the norm. The US dollar is no exception. Be prepared. very well said bro. how come the only people that are able to scam the PM market is the fed and jpmorgan. i mean can't Russia and China set up their gold trade market and only deal with real gold so fed and jpmorgan can eat shit with their fake gold? everybody knows fort knox is empty so why those other countries play along? it will take seven years to return Germanys gold, if that ddidn't tell the world the whole truth i don't know what will. |
Ibrahim User ID: 29705895 United Kingdom 04/01/2013 05:54 AM Report Abusive Post Report Copyright Violation | Its about putting your money where it cant be stolen. Not that I care anymore. I plan to starve a few million people to death and I will not flinch. Body bags, mass graves, total destruction of countries non of it bothers me as long as they are on my hit list. I just need to segregate the beast and render it useless. After that I can die in peace. Ibrahim |
Anonymous Coward User ID: 36646652 Canada 04/01/2013 07:10 AM Report Abusive Post Report Copyright Violation | Ignore the ignorant shill fucktards on here. They know nothing and are probably being paid to post their bullshit. Quoting: Anonymous Coward 35456178 Here is the truth... Physical gold and silver are a threat to the Global Financial Hegemony and it is a national security issue with the US Government. The ETFs GLD and SLV are paper representations of physical metal that does not exist. TPTB can dump millions of paper ounces on to the market on any given day to keep the price down, thus keeping fiat currency propped up. It does come with a price, it forces governments to print more fiat and dump ever increasing amounts of paper gold and silver onto the market to keep the price of physical down. It is like holding down the top to a pressure cooker with your hand, sooner or later it will blow. The longer they suppress the larger and faster will be the price of physical compared to fiat. Also you have to factor in that precious metals will not be mined if the price is artificially suppressed, while the mining costs continue to rise due to the inflation. This will cause electronics and jewelry to be in shorter supply, driving up demand causing a disconnect between paper and physical. TPTB have painted themselves into a corner and it will implode, just that no one can predict exactly when. Keep stacking and don't sell it. Precious metals, especially in currency form, is the one true money and will always retain value. Their has never been a paper fiat currency last more than 100 years, with 75 being the norm. The US dollar is no exception. Be prepared. very well said bro. how come the only people that are able to scam the PM market is the fed and jpmorgan. i mean can't Russia and China set up their gold trade market and only deal with real gold so fed and jpmorgan can eat shit with their fake gold? everybody knows fort knox is empty so why those other countries play along? it will take seven years to return Germanys gold, if that ddidn't tell the world the whole truth i don't know what will. Russia and China are using this point in the gold market to accumalate physical.....so they also want an artifically low PM price. Their time is coming when they will use their physical to back their currency.....just waiting for US dollar to complete its death spiral. |
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