GOLD: It's dropping!!! Why!? | |
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TRADER. User ID: 707045 Australia 06/22/2009 06:07 AM Report Abusive Post Report Copyright Violation | I HAVE BEEN WARNING THE GOLD BUGS ABOUT THE BULLISH USD FOR A LONG TIME NOW: $ US DOLLAR OUTLOOK $ Thread: $ US DOLLAR OUTLOOK $ (Page 6) |
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Nailer45 User ID: 705916 United States 06/22/2009 06:37 AM Report Abusive Post Report Copyright Violation | Because the CHIP is coming soon (cashless economy) and the feds are manipulating the price of gold /silver so it has less value . Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. Thomas Jefferson |
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awdragon User ID: 690471 United States 06/22/2009 12:11 PM Report Abusive Post Report Copyright Violation | paper goes up / paper goes down if gold was worthless why do the banks hold it? if gold was worthless why is China buying it? if gold was worthless why do many want a "Gold Standard"? The so called market price is a paper price. Paper is worthless and over sold. EFTs are over sold = paper price stocks are paper and after Obama & the Feds they are almost worthless Goldmansachs and JP MorganChase hold over 70% of the short paper in gold/silver = big profits if you watch the fight to keep the dollar up, you will see they have to hit value to the paper trash anyway golds not down if you bought physical it can only go up when they take out the paper trash. ask yourself : Why was gold and silver in the Constitution? without prejudice ucc 1 308 awdragon |
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Anonymous Coward User ID: 594859 Canada 06/22/2009 12:17 PM Report Abusive Post Report Copyright Violation | It's only yellow metal, and it's not even as rare as they would have you believe. Quoting: Anonymous Coward 564424Why do you put so much value in yellow metal? you are an idiot. it's only paper with numbers on it. why do you put so much value in paper with numbers on it? |
Anonymous Coward User ID: 706032 United States 06/22/2009 12:20 PM Report Abusive Post Report Copyright Violation | 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. |
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LURKING User ID: 656081 United States 06/22/2009 12:23 PM Report Abusive Post Report Copyright Violation | It's only yellow metal, and it's not even as rare as they would have you believe. Quoting: Anonymous Coward 708736Why do you put so much value in yellow metal? Yep Majestic said 'they' have learned how to make gold. I don't know if that's true though. Anybody can make gold. As long as you have a particle accelerator. "The Truth is so valuable that it must be protected with a bodyguard of lies" Winston Churchill Punted from GLP for the last time by unresponsive mods. Have gone to greener pastures where there is more professionalism. |
xc User ID: 707975 Belgium 06/22/2009 12:25 PM Report Abusive Post Report Copyright Violation | It's all speculation how can you predict a market like that? However there are indicators to what direction it might go. For example in a bull market people will tend to sell gold and buy stocks in a bear market the opposite. But then you have bear market rallies and other stuff that makes it difficult to predict what direction it will go. There are also macro economic factors at play job rates inflation index consumer confidence crude inventories ect ect. |
Anonymous Coward User ID: 564424 United States 06/22/2009 12:38 PM Report Abusive Post Report Copyright Violation | It's only yellow metal, and it's not even as rare as they would have you believe. Quoting: Anonymous Coward 594859Why do you put so much value in yellow metal? you are an idiot. it's only paper with numbers on it. why do you put so much value in paper with numbers on it? I don't you assumptive retard. |
Anonymous Coward User ID: 704532 United States 06/22/2009 12:39 PM Report Abusive Post Report Copyright Violation | Quoting: »Subtle more sellers than buyers |
crazy User ID: 687390 United States 06/22/2009 12:40 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 706032 United States 06/22/2009 12:43 PM Report Abusive Post Report Copyright Violation | |
u know me User ID: 681400 Canada 06/22/2009 12:44 PM Report Abusive Post Report Copyright Violation | Quoting: Anonymous Coward 704532 Abandon ship :) |
Anonymous Coward User ID: 704247 United States 06/22/2009 12:49 PM Report Abusive Post Report Copyright Violation | Gold goes up and down so it's just a cycle. I wouldn't own gold as an investment but rather as an insurance. If the dollars get f'd then at least you would have some gold to fall back on. I still think deflation is today's worry (worry for some, hope for others). Americas personal wealth has fallen by $13 trillion+ in the last 18 months. The velocity of money is near zero (banks aren't lending). Considering those two major factors, the fed would have to print a hell of lot of money to compensate, even more to cause inflation. The velocity of money is a huge factor considering it accounts for nearly 97% of money creation. When the velocity goes back up (if) then look out, inflation is coming with a vengeance. |
crazy User ID: 687390 United States 06/22/2009 12:56 PM Report Abusive Post Report Copyright Violation | Soon its not going to be yellow at all....Better save your silver.. Quoting: Anonymous Coward 706032Dude! 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. my neighbor is in the air force and he told me last year to save your silver...He is collecting silver now... |
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