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GOLD: It's dropping!!! Why!?

 
Anonymous Coward
User ID: 299322
United States
06/22/2009 01:05 PM
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Re: GOLD: It's dropping!!! Why!?
what do you think will happen to PM prices when we have to use the "chip?"
Anonymous Coward
User ID: 695499
United States
06/22/2009 01:34 PM
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Re: GOLD: It's dropping!!! Why!?
I think we are far from having to pay things with a RFID chip if at all.

Even a global currency would probably take 10-20 years to put in place.
Me
User ID: 709164
United Kingdom
06/22/2009 04:53 PM
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Re: GOLD: It's dropping!!! Why!?
What I'm curious about is if H1N1 gets nasty and we'll be dropping like flies, where would that put gold?
Anonymous Coward
User ID: 686832
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06/22/2009 04:56 PM
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Re: GOLD: It's dropping!!! Why!?
GOLD 2000K!!! Dollar will COLLAPSE!!!

Ohh wait, that shit will never happen.
Anonymous Coward
User ID: 703369
Canada
06/22/2009 05:25 PM
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Re: GOLD: It's dropping!!! Why!?
Temporary drop you dumb hillbillies. People were saying the same verbal diarrhea when it dropped from 800 to 700, $1000 to 900, then 1100 to 1000 soon. Same shit different day..
Jym
User ID: 709191
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06/22/2009 05:34 PM
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Re: GOLD: It's dropping!!! Why!?
pretty funny people still havent realized gold goes up and down WITH the stock market

well atleast this is true until the dollar completely loses value and to be honest i think thats a few years away.
Anonymous Coward
User ID: 548017
United States
06/22/2009 05:44 PM
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Re: GOLD: It's dropping!!! Why!?
Gold will be over $2000\oz by the end of 2006..... wait errr......

Gold will be over $2000\oz by the end of 2007 for sure ... wait errrr....

Gold will be over 2000$\oz by the end of 2008 for sure this time really errr wait.....


It goes on and on, perhaps people should stop listening to hucksters regarding gold.
 Quoting: Anonymous Coward 706032


+1
Anonymous Coward
User ID: 704532
United States
06/22/2009 06:06 PM
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Re: GOLD: It's dropping!!! Why!?
What I'm curious about is if H1N1 gets nasty and we'll be dropping like flies, where would that put gold?
 Quoting: Me 709164

left unguarded in people's basements???
Anonymous Coward
User ID: 704532
United States
06/22/2009 06:26 PM
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Re: GOLD: It's dropping!!! Why!?
Gold has had 3 consec. down weeks (plus today) and gone down about 70 dollars. This compares to the 3 down weeks of 1980 when it went down about 400 dollars and silver dropped about 35 dollars. So there is no evidence of anything too significant at this time. It is not really gold going up or down. It is the value of the thing that it is compared to that is changing. People over the past few weeks have been buying some dollars. It was an oversold market. These could be some shorts taking profits. In any case, the same amount of gold coins could buy you a house or a suit of clothes now as compared to 100 years ago. It has been used throughout history when people want to preserve assets from one crisis to the next and/or if they do not really trust their government much. Why shouldn't you want to preserve things that you worked very hard for? This is not to say that those in power will not come up with rules to restrict its usage during a crisis. I think it is a good idea to also have some food stock and water on hand if you smell something bad coming.
Anonymous Coward
User ID: 412938
United States
06/22/2009 06:34 PM
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Re: GOLD: It's dropping!!! Why!?
All you naysayers put your money where your mouth is and answer me this question. If not PMs where would YOU put YOUR money? The stock market? A Bank?

What are those pieces of paper worth that are sitting in your wallet?
Anonymous Coward
User ID: 706747
Mexico
06/22/2009 06:36 PM
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Re: GOLD: It's dropping!!! Why!?
GOLD IS RIGGED !!
Anonymous Coward
User ID: 699052
United States
06/22/2009 06:46 PM
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Re: GOLD: It's dropping!!! Why!?
I'm looking to snap up some more Platinum.

banana2
Jym
User ID: 709262
United States
06/22/2009 06:52 PM
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Re: GOLD: It's dropping!!! Why!?
All you naysayers put your money where your mouth is and answer me this question. If not PMs where would YOU put YOUR money? The stock market? A Bank?

What are those pieces of paper worth that are sitting in your wallet?
 Quoting: Anonymous Coward 412938



well like a huge percentage of the population i dont have to worry about this
i have no money.
but atleast i dont really have any debt left woohoo. hopefully thatll keep me out of the slave camps in a few years once the government decides they want payment for all the debt theyve collected
Anonymous Coward
User ID: 527574
United States
06/22/2009 06:58 PM
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Re: GOLD: It's dropping!!! Why!?
Dude! Just look at the value of silver over the last 30+ years.

Its a ASS investment. ASS!

You would be better off putting you money in a record\video store.
 Quoting: Anonymous Coward 706032


Silver went from $4 to $12 (but the real price is closer to $17-20). Meanwhile, dollars in a bank lost half their value during that time. Not a very good argument.
Anonymous Coward
User ID: 708523
United States
06/22/2009 07:04 PM
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Re: GOLD: It's dropping!!! Why!?
I think today will be the final smash down day.
It had a good run to $990 and now is correcting.
The us dollar is doomed.
Tomorrow, Wed and thurs the Treasury will have a record $104 billion bond auction. It the auctions fail gold will quickly go through $1000.
The day will come soon.... by the end of 2009 or much sooner.
Personally I think gold will go through a thousand dollars in July 2009.
Be patient!
Anonymous Coward
User ID: 709164
United Kingdom
06/22/2009 07:16 PM
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Re: GOLD: It's dropping!!! Why!?
What I'm curious about is if H1N1 gets nasty and we'll be dropping like flies, where would that put gold?

left unguarded in people's basements???
 Quoting: Anonymous Coward 704532


What are you trying to say? :)

Anyway, I was expecting a serious answer if anyone has one.
Jym
User ID: 709262
United States
06/22/2009 07:32 PM
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Re: GOLD: It's dropping!!! Why!?
i wouldnt touch Gold over 882

here's the chart...

[link to i214.photobucket.com]
Anonymous Coward
User ID: 699052
United States
06/22/2009 07:45 PM
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Re: GOLD: It's dropping!!! Why!?
i wouldnt touch Gold over 882

here's the chart...

[link to i214.photobucket.com]
 Quoting: Jym 709262

a 76.4 Fibonacci retracement would bring down to that area.

herethere
Peanut Brittle
User ID: 698937
United States
06/22/2009 07:53 PM
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Re: GOLD: It's dropping!!! Why!?
What I'm curious about is if H1N1 gets nasty and we'll be dropping like flies, where would that put gold?

left unguarded in people's basements???


What are you trying to say? :)

Anyway, I was expecting a serious answer if anyone has one.
 Quoting: Anonymous Coward 709164


Speculators are very LONG see very little upside with the commodity play over. Dollar rallying, Silver in a free fall, Crude game over. Specs now faced with no knew gamers.

It is BUY Dollars and BUY Bonds, sell dead assets. (Non income producing)

Out the door with the last one turning off the lights.
yoda
Anonymous Coward
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United States
06/22/2009 07:57 PM
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Re: GOLD: It's dropping!!! Why!?
1dpanic
hoot no more/hasheater
User ID: 709295
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06/22/2009 07:58 PM
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Re: GOLD: It's dropping!!! Why!?
Big USA bond sales this week. They have to make dollars seem like they are worth something to sell those bonds, so they smash down gold. Rumors of the IMF selling 400 tons of the stuff soon[probabally the stuff that has gone "missing" lately from the canadian mint]





GLP