Do hyperinflationists seem dumb now since gold has crashed? | |
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Anonymous Coward User ID: 26067011 Indonesia 06/19/2013 10:11 PM Report Abusive Post Report Copyright Violation | there is no such a thing called manipulation, it just part of supply and demand, when imbalance occurs then the price moving, its simple just that. if supply exceed demand then the price will drop, what happen now is large gold supply and low demand, its natural the price will drop. there is ad decline in confidence of holding gold as safe haven assets. its not a safe haven anymore. |
funnyfarmer User ID: 41633730 Norway 06/19/2013 10:14 PM Report Abusive Post Report Copyright Violation | How many people bought gold at $1600 and silver at $40. Peter Schiff and friends must be getting tired of being clowns. Quoting: Anonymous Coward 39638314 because we're not in hyperinflation now, stupid we're just in the warmup fase we'll have some more years, most likely of higher and higher inflation until we reach some sort of climax where we have hyperinflation, and thats when gold and silver will go to the moon and everyone is fighting for it .. and i think bitcoins will be popular too after that, we'll see a new world currency ... most likely from china or the IMF, backed by gold and silver hopefully (which i own)... and after that i guess its the end of cashless society and more or less complete control of everything Last Edited by funnyfarmer on 06/19/2013 10:15 PM having fun on the funnyfarm |
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AnonCh4rl1 User ID: 41880477 United Kingdom 06/19/2013 10:44 PM Report Abusive Post Report Copyright Violation | you do know Comex defaulted on some of their paper gold liabilities (well they redeemed in cash), gold banks have over leveraged and the physical isnt there to back it up, the gold market will crash and then rocket as paper holders dump their paper in search of physical. |
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R.P. McMurphy User ID: 39646008 United States 06/19/2013 11:00 PM Report Abusive Post Report Copyright Violation | Actually, I sold at $1860. See ya. "Moral of the story is I chose a half measure when I should have gone all the way. I'll never make that mistake again. ==== ESTJ-a (Executive) 93% Extroverted, 82% Observant, 83% Thinking, 82% Judging,72% Assertive ==== |
Anonymous Coward User ID: 41518311 United States 06/20/2013 12:16 AM Report Abusive Post Report Copyright Violation | PMs being kept down by paper, noticed the price of gas and food lately ? Quoting: Anonymous Coward 20765285 Paper Gold is not Gold. Paper contracts set the price and are not indicative of physical demand. Ask China and India about demand for phyzz. If gold is going to $500, why are Central Banks buying hand over fist? Why are countries demanding their gold back from New York and London holding houses? Why are they not able to get it back? |
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Anonymous Coward User ID: 41518311 United States 06/20/2013 12:23 AM Report Abusive Post Report Copyright Violation | US doesnt facing hyperinflation risk, with the recovery on track they still hold interest rate at 0.25 and will soften their QE so NO RISK at all of hyperinflation. Quoting: Anonymous Coward 26067011 Paul "The Nobel Clown" Krugman is apparently hiding out in Indonesia. Apologist Keyensian Lies smell the same no matter what flag they are posted under. "recovery on track" indeed... |
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Anonymous Coward User ID: 42022351 United States 06/20/2013 08:15 AM Report Abusive Post Report Copyright Violation | No....it's all market manipulation to drop gold so it can be bought low .....Germany wants their gold but were not allowed delivery until 7 years passed (time to locate and buy cheap what was supposed to be available)....eventually the banksters cannot drop the value of money and gold all the time at the same time....so gold could go to 30,000k making what's available 5,000 times it's value to float value of a dollar. |