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Gold hit $1365!

 
Philippines
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User ID: 1003659
Philippines
10/07/2010 04:30 AM
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Gold hit $1365!
Wow.

Each day it's rocking to new heights. The people must be waking up and wanting a piece of the action after realizing it is not going down in the long term.

[link to www.kitco.com]
Separate science and government.
Anonymous Coward
User ID: 1122118
United States
10/07/2010 04:35 AM
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Re: Gold hit $1365!
holy shit...

gold has been breaking records DAILY every single day this week!!!

I've been watching a lot of international tv news and they are the only ones REALLY discussing this....

The us mainstream are holding back reporting this info as not to alarm the sheeple.

This is crazy.
Anonymous Coward
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Germany
10/07/2010 04:36 AM
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Re: Gold hit $1365!
This does not bode well
Hillcrest

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United States
10/07/2010 04:37 AM
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Re: Gold hit $1365!
is this really happening?

it's like a weird dream we can't wake up from


:/

?

Last Edited by Hillcrest on 10/07/2010 04:37 AM
Water always wins. :sun:
Anonymous Coward
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Germany
10/07/2010 04:41 AM
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Re: Gold hit $1365!
I see the POG as the clinical thermometer for the entire financial system.

Midas excerpt:



Infamous date in history.

To all; I know that many of you who read my musings are jumping up and down with joy today, Gold and Silver have exploded and the mining indices have FINALLY broken out above the level we reached way back in May of 2006. Happy days are here again, right? Well, my sentiments are "may God help us all"! The recent news of massive foreclosure fraud and thus the fact that the entire mortgage backed securities market is now not even suspect, it is hollow to the core, means that the ENTIRE Western world's banking system is GONE, KAPUT!

I wrote back in 2008, "It's Over" which in reality it was, the only remaining option at that point was for the Treasury to put it's less than pristine balance sheet in play which they did. Now there is nothing. Nothing at all that Treasury can do which leaves THE only possible policy option left on the table, the Fed MUST destroy in entirety the U.S.Dollar. The banks that were supposedly "saved" back in 2008 by TARP (which we humorously were told was "over" yesterday of all days!) are now MORE broke than they were back then! ALL of their mortgage securities and ALL of their "cross CDS swaps"with other banks who hold mortgage backed securities are now SMOKING BLACK EMPTY and HOLLOW HOLES OF DEFAULT, period!

The fact that paperwork has been lost and in some cases forged, mortgages have been sold 100 times over and may still exist in 50 different "mortgage pools" means that NO ONE, NOWHERE has any idea of who owns what! If you cannot put this 2+2 together then whatever evil smacks you in the face, you deserve! Debt underlies the entire Western banking system, debt of all shapes and forms is now tainted and infected no matter who the issuer is. By extension, the Dollar since it is a creation of debt is now beyond burnt toast, it is smoke!

We will look back at October 4th and 5th and see that these 2 days marked the beginning of the disastrous end of the Western debt based and thus fiat monetary system. Gold and Silver are just now opening their mouths and telling us this. But the stock market is up? Yes, there are those that believe the coming hyperinflation will be beneficial to stocks, I say maybe, maybe not. I still believe as history has shown in the past that an equity panic precedes the point in time where stocks go up because owners of cash dump it for anything and everything. In other words, ANYTHING is a better place for your capital than a currency that is going to zero.

Of course the biggest loser in all this because it is THE biggest market of all is the U.S. Treasury market. Gold and Treasuries CANNOT both go higher in the long run, I will say that the Treasury market is wrong and Gold is correct simply because one has a fraudulent government behind it and the other has Mother Nature and her natural laws behind it. When it comes to who you should trust, trust your gut sense that Mother Nature is not convoluted nor a fraud, she is neither.

So folks, do not jump for joy today as it will be seen in the future as the beginning of the end. It is the end of finance and business as we have all known it all of our lives. It is the end of the banking system, the end of the Dollar, the end of Treasuries, THE END OF PAPER ANYTHING! Go ahead, don't believe me. Go on as if nothing has happened. You WILL have lots of company in a hell called bankruptcy, poverty, hunger and just plain ignorance. If you cannot see it now after this hammer has come down, you will never see it nor will you see the sledgehammer of complete collapse that is about to hit everyone right between the eyes.

Do whatever you can if you have not already prepared, as fast as you can because when this game stops EVERYTHING stops. ATM's, banks, distribution, government services, etc. etc.. You will be on your own and you will only "have what you have" and nothing more. Make sure you "have" ..."enough"! Regards, Bill H.
Anonymous Coward
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United States
10/07/2010 04:47 AM
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Re: Gold hit $1365!
Silver and Gold! Silver and Gold! To the moon!!!!!!!! ROBOTdance chorus moshpit

Such good news.... Must mean Doom!!!!
Anonymous Coward
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United States
10/07/2010 04:49 AM
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Re: Gold hit $1365!
It seems to be more like the U.S. Dollar is becoming worth less gold
Anonymous Coward
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United States
10/07/2010 04:49 AM
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Re: Gold hit $1365!

Anonymous Coward
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United States
10/07/2010 04:50 AM
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Re: Gold hit $1365!
is this really happening?

it's like a weird dream we can't wake up from
 Quoting: Hillcrest



Many mega-dumbasses think this is a bubble.

They don't realize that the gov't is printing ever-increasing sums of money that has to go SOMEWHERE. More and more of that INCREASE is going to gold because more and more of it is in the hands of RICH PEOPLE who DO NOT SPEND IT.

Precious metal bubble will not collapse until interest rates peak. During the last precious metal panic, gold & silver did not peak until interest rates hit 18%.


.
BloodRed

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United States
10/07/2010 04:52 AM
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Re: Gold hit $1365!
This does not bode well
 Quoting: Anonymous Coward 1122246

theend
~ Y'all Are CrAzY Doom Tards!! But I love y'all anyway... well, not the shills, not so much... ~

~ Wanna know what we're all here for? THEY know: [link to www.youtube.com] ... So if _THEY_ can manage this, why in the world are WE such hateful fail-tards, people ........ ? ~
BloodRed

User ID: 1033557
United States
10/07/2010 04:53 AM
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Re: Gold hit $1365!



~ "Silver and gold, silver and gold..." - Burl Ives.

Last Edited by BloodRed on 10/07/2010 05:02 AM
~ Y'all Are CrAzY Doom Tards!! But I love y'all anyway... well, not the shills, not so much... ~

~ Wanna know what we're all here for? THEY know: [link to www.youtube.com] ... So if _THEY_ can manage this, why in the world are WE such hateful fail-tards, people ........ ? ~
Philippines  (OP)

User ID: 1003659
Philippines
10/07/2010 04:58 AM
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Re: Gold hit $1365!
is this really happening?

it's like a weird dream we can't wake up from



Many mega-dumbasses think this is a bubble.

They don't realize that the gov't is printing ever-increasing sums of money that has to go SOMEWHERE. More and more of that INCREASE is going to gold because more and more of it is in the hands of RICH PEOPLE who DO NOT SPEND IT.

Precious metal bubble will not collapse until interest rates peak. During the last precious metal panic, gold & silver did not peak until interest rates hit 18%.


.
 Quoting: Anonymous Coward 1121946


Yep, the dollar is going down daily. I watch the exchange rates drop here as well. The Philippine peso rate though, has not yet hit the low of ~40:1 during the 2008 plummet, but at this rate it will be another couple of weeks.
Separate science and government.
Anonymous Coward
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Croatia
10/07/2010 05:04 AM
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Re: Gold hit $1365!
Wow.

Each day it's rocking to new heights. The people must be waking up and wanting a piece of the action after realizing it is not going down in the long term.

[link to www.kitco.com]
 Quoting: Philippines

Or
Thread: =====>Real Truth About Gold!<=====
Anonymous Coward
User ID: 1122046
China
10/07/2010 05:08 AM
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Re: Gold hit $1365!
What a week.

I feel a little uneasy though with moves like this everyday..kind of wish it would have a few down to sideways days now just to get everyone used to the pricing level.

Oh well, not complaining.
Philippines  (OP)

User ID: 1003659
Philippines
10/07/2010 05:09 AM
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Re: Gold hit $1365!
Wow.

Each day it's rocking to new heights. The people must be waking up and wanting a piece of the action after realizing it is not going down in the long term.

[link to www.kitco.com]

Or
Thread: =====>Real Truth About Gold!<=====
 Quoting: Anonymous Coward 939338


Yes, but I don't think people are realizing (especially in the USA) that the dollar is going down just yet. I think they are starting to see gold as a good and safe investment.

The reason (in my opinion) it's going so high right now is because the markets outside of the USA are awake and seeing (and feeling) the effects of the dollar going down, and are going into gold.
Separate science and government.
fillantpre
User ID: 1122259
United States
10/07/2010 05:12 AM
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Re: Gold hit $1365!
Wow.

Each day it's rocking to new heights. The people must be waking up and wanting a piece of the action after realizing it is not going down in the long term.

[link to www.kitco.com]
 Quoting: Philippines

who gives a shit what gold is doing?

gold is not going to buy much when Jesus comes back.

It won't be worth shit....except in the tribulation period, which will be fleeting......
Anonymous Coward
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South Africa
10/07/2010 05:38 AM
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Re: Gold hit $1365!
who gives a shit what gold is doing?

gold is not going to buy much when Jesus comes back.

It won't be worth shit....except in the tribulation period, which will be fleeting......
 Quoting: fillantpre 1122259


Okay. So you are going to bet on jesus return happening right away right now and NOT taking care of yourself and your family's needs?

Good for you.

For me I am looking squarely at the fact that people have been anticipating many different kinds of apocalypse for so long as we have historical records. So... um... it might not happen by, like, next Tuesday.

There is a saying: "trust in God... but tether your camel"

You know?

Otherwise you end up being like the guy that trusts in God so he spends his whole paycheck on the lottery. And doesn't win. And then says its Gods will for him to be broke and on the street.

Trust in God. Await the rapture. But USE YOUR GOD GIVEN BRAIN and look after yourself and your family. And right now that means getting out of all fear-based financial instruments. It means rejecting fiat-economy principals and embracing things of inherent value... stuff you can hold in your hand. Food, medicines, some say guns and ammo but that's not for me, off-the-grid equipment and yes, certainly, precious metals.

You don't want to be taking handouts from strangers while you wait for Jesus. You want to be helping your family, your friends and strangers while you do that.

Or what?
Philippines  (OP)

User ID: 1003659
Philippines
10/07/2010 05:56 AM
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Re: Gold hit $1365!
who gives a shit what gold is doing?

gold is not going to buy much when Jesus comes back.

It won't be worth shit....except in the tribulation period, which will be fleeting......


Okay. So you are going to bet on jesus return happening right away right now and NOT taking care of yourself and your family's needs?

Good for you.

For me I am looking squarely at the fact that people have been anticipating many different kinds of apocalypse for so long as we have historical records. So... um... it might not happen by, like, next Tuesday.

There is a saying: "trust in God... but tether your camel"

You know?

Otherwise you end up being like the guy that trusts in God so he spends his whole paycheck on the lottery. And doesn't win. And then says its Gods will for him to be broke and on the street.

Trust in God. Await the rapture. But USE YOUR GOD GIVEN BRAIN and look after yourself and your family. And right now that means getting out of all fear-based financial instruments. It means rejecting fiat-economy principals and embracing things of inherent value... stuff you can hold in your hand. Food, medicines, some say guns and ammo but that's not for me, off-the-grid equipment and yes, certainly, precious metals.

You don't want to be taking handouts from strangers while you wait for Jesus. You want to be helping your family, your friends and strangers while you do that.

Or what?
 Quoting: Anonymous Coward 1122282



It's kind of like the story about a guy standing in rising water, facing certain death, while praying to God...

As the water is reaching his waist, a person walks by and lets him know that there is a flood and he will drown. The guy responds he is praying to God to save him.

As the water reaches his neck, a person on a row boat paddles by and asks if he wants to get in the boat to escape the floodwaters. The guy responds that he is praying to God and God will save him.

As the guy is treading water, a person on a motor boat drives over to him and offers his hand to help pull him in the boat. The guy refuses saying he is praying to God to save him.

When the guy speaks to God, he asks "Why didn't you save me?!" God replies: "I tried, but you weren't listening. I sent a person before the flood, another in a rowboat, and the last one on a motor boat. I tried to save you 3 times but you said no."

At least.. the story is something along those lines =b
Separate science and government.
Anonymous Coward
User ID: 1122322
South Africa
10/07/2010 06:41 AM
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Re: Gold hit $1365!
At least.. the story is something along those lines =b
 Quoting: Philippines


Lol, yeah, that's pretty much it.

We have been warned and warned and warned. We have been told what is coming, how it'll come and (more or less) when it will come. We have been told how to prepare. If we have eyes to see and ears to hear then we know everything we need to know.

Exactly like your little story.

And in case we have been doubting we have had the opportunity to see some of these things come to pass, to see the big changes developing and brewing. If you STILL deny a big world-changing event is coming then you are deeply in denial.

So now what. If you sit on your hands and wait to be saved then you are going to end up like dear ol' Blossom Goodchild waiting for her lightship not realising the lightship is already here, inside us. We ARE the ones we have been waiting for. Jesus IS in your heart.

Be the lightship.
Be the christ-light.
Be The One.

Be all of that right now. Enough waiting for someone from outside to come in and fix it for us.

Um. This thread was about the gold price, wasn't it? :Blush: Sorry.
Anonymous Coward
User ID: 1073328
United Kingdom
10/07/2010 06:58 AM
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Re: Gold hit $1365!
In Zimbabwe, it is those who have gold who are able to eat...

Gold For Bread - Zimbabwe


[link to video.godlikeproductions.com]
Anonymous Coward
User ID: 1118395
Canada
10/07/2010 07:00 AM
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Re: Gold hit $1365!
this is a USA phenomenon.

the US$ buys much less gold than it used to.

currency manipulation = unfair trade subsidies
Anonymous Coward
User ID: 974087
United States
10/07/2010 07:06 AM
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Re: Gold hit $1365!
Beginning to think even copper will be better than paper soon.
[link to www.finviz.com]
abomb
Anonymous Coward
User ID: 1003925
Philippines
10/07/2010 07:12 AM
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Re: Gold hit $1365!
Beginning to think even copper will be better than paper soon.
[link to www.finviz.com]
abomb
 Quoting: Anonymous Coward 974087


I think copper has far many more (important) uses than copper. It would make sense
Anonymous Coward
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Canada
10/07/2010 07:12 AM
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Re: Gold hit $1365!
The Eurozone's interest rate decision is out in half an hour - it's currently 1% so there's room for a drop.

Someone know something ahead of time??

[link to www.rttnews.com] - click on page 5, scroll to 7:45 am.
Anonymous Coward
User ID: 1003925
Philippines
10/07/2010 07:14 AM
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Re: Gold hit $1365!
The Eurozone's interest rate decision is out in half an hour - it's currently 1% so there's room for a drop.

Someone know something ahead of time??

[link to www.rttnews.com] - click on page 5, scroll to 7:45 am.
 Quoting: Anonymous Coward 1118566



And the East coast on USA will be up and in full swing soon. I wonder how that will affect things
Anonymous Coward
User ID: 783199
United Kingdom
10/07/2010 07:23 AM
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Re: Gold hit $1365!
Wow.

Each day it's rocking to new heights. The people must be waking up and wanting a piece of the action after realizing it is not going down in the long term.

[link to www.kitco.com]

who gives a shit what gold is doing?

gold is not going to buy much when Jesus comes back.

It won't be worth shit....except in the tribulation period, which will be fleeting......

 Quoting: fillantpre 1122259


you dont really belive in tribs and god n shit do you..Wow are you like a red neck with a pick up n a cowboy hat...how funny are you? do you have a horse that you milk like john wayne??? You funny funny poor sad deluded fucker...
Anonymous Coward
User ID: 1122343
United States
10/07/2010 07:28 AM
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Re: Gold hit $1365!
Wow.

Each day it's rocking to new heights. The people must be waking up and wanting a piece of the action after realizing it is not going down in the long term.

[link to www.kitco.com]

who gives a shit what gold is doing?

gold is not going to buy much when Jesus comes back.

It won't be worth shit....except in the tribulation period, which will be fleeting......

 Quoting: fillantpre 1122259


jesus=truth=real=gold
Anonymous Coward
User ID: 974087
United States
10/07/2010 07:28 AM
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Re: Gold hit $1365!
Gold should be at $2500 right now, inflation adjusted from 1980.

1dunno1
Anonymous Coward
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United States
10/07/2010 07:36 AM
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Re: Gold hit $1365!
Today the grand experiment of the global fiat currency system collapes
Anonymous Coward
User ID: 1118395
Canada
10/07/2010 07:47 AM
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Re: Gold hit $1365!
Clear evidence that the USA is manipulating its currency by creating economic crisis - justifying printing of trillions.

while the US dollar is 'eased' the rest of the world is squeezed.

This amounts to piracy.
Anonymous Coward
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United States
10/07/2010 07:52 AM
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Re: Gold hit $1365!
Wow.

Each day it's rocking to new heights. The people must be waking up and wanting a piece of the action after realizing it is not going down in the long term.

[link to www.kitco.com]

who gives a shit what gold is doing?

gold is not going to buy much when Jesus comes back.

It won't be worth shit....except in the tribulation period, which will be fleeting......



jesus=truth=real=gold
 Quoting: Anonymous Coward 1122343


"Buyeth gold of Me, tried in the fire, and be rich".





GLP