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Do hyperinflationists seem dumb now since gold has crashed?

 
Anonymous Coward
User ID: 39638314
Canada
06/19/2013 09:06 PM
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Do hyperinflationists seem dumb now since gold has crashed?
How many people bought gold at $1600 and silver at $40. Peter Schiff and friends must be getting tired of being clowns.
Anonymous Coward
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06/19/2013 09:07 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
Its not monetary policy that is out of whack. It is fiscal ...
Anonymous Coward (OP)
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06/19/2013 09:14 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
gold to $500. Sorry glpers gold is for fools
Anonymous Coward
User ID: 26067011
Indonesia
06/19/2013 09:33 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
gold to $500. Sorry glpers gold is for fools
 Quoting: Anonymous Coward 39638314


yes because you cant eat gold o its useless
Punk-A$$ets

User ID: 30559668
United States
06/19/2013 09:38 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
gold to $500. Sorry glpers gold is for fools
 Quoting: Anonymous Coward 39638314


'Gold to $500' sounds about as dumb as anything.
PitViper

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06/19/2013 09:38 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
17 Trillion dollar debt, Japan bond crashing, 85 Billion a month. I just don't see $500/oz in the future.
Anonymous Coward
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06/19/2013 09:40 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
Read up on your history fool.
Anonymous Coward
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Indonesia
06/19/2013 09:43 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
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.
Anonymous Coward
User ID: 25147272
United States
06/19/2013 09:44 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
Its all manipulated idiots. Gold will skyrocket evetnaully.
Punk-A$$ets

User ID: 30559668
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06/19/2013 09:53 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
We might see $900 gold (which I seriously doubt). This would force many producers out of biz and create a truly remarkable rise, the result of a bona fide shortage.
Anonymous Coward
User ID: 20765285
United States
06/19/2013 10:00 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
PMs being kept down by paper, noticed the price of gas and food lately ?
Anonymous Coward
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06/19/2013 10:02 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
PMs being kept down by paper, noticed the price of gas and food lately ?
 Quoting: Anonymous Coward 20765285


Shhhhh.
Don't tell the (OP) He don't understand what market manipulation is.
Anonymous Coward
User ID: 26067011
Indonesia
06/19/2013 10:11 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
Its all manipulated idiots. Gold will skyrocket evetnaully.
 Quoting: Anonymous Coward 25147272


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

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Norway
06/19/2013 10:14 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
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
Anonymous Coward
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06/19/2013 10:15 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
People in high places get rich no matter its direction.
Anonymous Coward
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06/19/2013 10:16 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
Recall hearing that there is something like 70 to 1 ratio of pms at comex and 0 pm deliveries, all being paid cash at going price. Sounds like manipulation to me.
AnonCh4rl1

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United Kingdom
06/19/2013 10:44 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
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.
Anonymous Coward
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United States
06/19/2013 10:58 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
gold to $500. Sorry glpers gold is for fools
 Quoting: Anonymous Coward 39638314


If physical ever gets back to $800, I'll be buying and saving for my retirement!
R.P. McMurphy

User ID: 39646008
United States
06/19/2013 11:00 PM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
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
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Re: Do hyperinflationists seem dumb now since gold has crashed?
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?
Anonymous Coward
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United States
06/20/2013 12:23 AM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
Gold hasn't crashed until it gets below $600. Idiot. You ten year olds gotta stop even trying. Just stop.
Anonymous Coward
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United States
06/20/2013 12:23 AM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
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...
Anonymous Coward (OP)
User ID: 39638314
Canada
06/20/2013 07:02 AM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
gold under 1300 and still falling. Gold tards still in denial.
Anonymous Coward
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Sweden
06/20/2013 08:00 AM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
If physical ever gets back to $800, I'll be buying and saving for my retirement!
 Quoting: Anonymous Coward 40325369


No, you'll be saying "If physical ever gets back to $300, I'll be buying and saving for my retirement!".

People like you NEVER take action.
Anonymous Coward
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06/20/2013 08:06 AM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
i'm still buying... all the way down.... suckers... dont fall for the paper crash...
Anonymous Coward
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06/20/2013 08:15 AM
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Re: Do hyperinflationists seem dumb now since gold has crashed?
gold to $500. Sorry glpers gold is for fools
 Quoting: Anonymous Coward 39638314


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.





GLP