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Odysseus
05-18-2011, 01:03 AM
Big guys bet on trends. If gold trends downward even 1% that is huge if you are buying and selling large quantities. Keep an eye on Greece. They are probably going to default again forcing a bailout consideration. Perhaps he's just positioning as inflation in Europe is starting creep upward. The trends in China are not as rosy as they used to be.

I am looking for inflation to kick in. Housing rates are going up.

Meck77
05-24-2011, 08:08 AM
http://www.nytimes.com/2011/05/15/your-money/15stra.html?ref=business

Suddenly, Gold Isn’t Looking So Solid

It's actually moving higher on all the uncertainty in Europe again. Now imagine if you lived in Belarus and you had a significant amount of your wealth in Rubles. Then you woke up and the bank did this to you.

http://www.businessweek.com/news/2011-05-24/belarus-devalues-ruble-36-against-dollar-sets-new-limits.html

This is why you diversify some of your portfolio to gold.

Another example but not quite as extreme. As of 8:18 mountain time. The US dollar DXY is down .5% this morning. Gold is up .5%

http://finviz.com/futures.ashx

Silver seems to be finally rebounding nicely from it's crash price. Up 3.7% so far. Silver swings pretty wildly though.

mhgaffney
05-31-2011, 09:21 AM
I will post this without comment:

All US Gold Gone? Russia says IMF Chief Jailed for Discovery.

May 31, 2011 6:42
RussiaSays IMF Chief Jailed For Discovering All US Gold Is Gone

By: Sorcha Faal, and as reported to her Western Subscribers

http://beforeitsnews.com/story/675/584/All_US_Gold_Gone_Russia_says_IMF_Chief_Jailed_for_ Discovery..html

Rohirrim
05-31-2011, 09:57 AM
I will post this without comment:

All US Gold Gone? Russia says IMF Chief Jailed for Discovery.

May 31, 2011 6:42
RussiaSays IMF Chief Jailed For Discovering All US Gold Is Gone

By: Sorcha Faal, and as reported to her Western Subscribers

http://beforeitsnews.com/story/675/584/All_US_Gold_Gone_Russia_says_IMF_Chief_Jailed_for_ Discovery..html

Hilarious!

mhgaffney
05-31-2011, 10:14 AM
This is not new -- Ron Paul went on record last year -- about the gold in Ft Knox.

Ron Paul questions whether there's gold at Fort Knox, NY Fed

By Michael O'Brien -
08/30/10 10:21 AM ET

http://thehill.com/blogs/blog-briefing-room/news/116341-ron-paul-plans-bill-to-audit-us-gold-reserves

Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold.

Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

“I think it is a possibility," Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.

Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.

The gold reserves, which Paul's new bill would audit, are generally seen as a guarantee on a nation's currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.

alkemical
05-31-2011, 10:15 AM
So....Is Ron Paul part of the illuminati? He breaks these questions publicly, but is still not jailed, dead, etc.?

mhgaffney
05-31-2011, 10:52 AM
Check the "before its news" link I posted above.

Putin has charged conspiracy regarding the IMF chief's arrest. This is apparently up on an official Russian government web site.

DenverBrit
05-31-2011, 11:54 AM
Seriously, Gaffney, get a life!

alkemical
05-31-2011, 11:56 AM
Still doesn't answer my question....

broncocalijohn
05-31-2011, 12:08 PM
If there was no gold in the vaults, not only would we be financially in ruins but ****ed among all other countries. Stock Market crash of 1929 and in '89 would be forgotten. Global meltdown.

baja
05-31-2011, 12:40 PM
If there was no gold in the vaults, not only would we be financially in ruins but ****ed among all other countries. Stock Market crash of 1929 and in '89 would be forgotten. <b> Global meltdown.

why

broncocalijohn
05-31-2011, 12:55 PM
why

If we have billions and billions of dollars invested in a precious metal that is not in the vaults, then all we have is the paper or stock ID that is not worth the value of the paper. It is pretend. Our currency is backed by the US treasury. Gold is no longer being used (as you already know) so what is to back the gold that does not exsist? Every country that has invested in our country by either the stock market or gov. loans. Sure countries that have bought actual gold and not a piece of paper will be somewhat fine but you only have to look at the bloated housing market that has ruined the economy that not only here but throughout the world.

alkemical
05-31-2011, 01:05 PM
If we have billions and billions of dollars invested in a precious metal that is not in the vaults, then all we have is the paper or stock ID that is not worth the value of the paper. It is pretend. Our currency is backed by the US treasury. Gold is no longer being used (as you already know) so what is to back the gold that does not exsist? Every country that has invested in our country by either the stock market or gov. loans. Sure countries that have bought actual gold and not a piece of paper will be somewhat fine but you only have to look at the bloated housing market that has ruined the economy that not only here but throughout the world.

Today, like the currency of most nations, the dollar is fiat money, unbacked by any physical asset. A holder of a federal reserve note has no right to demand an asset such as gold or silver from the government in exchange for a note.[9] Consequently, proponents of the intrinsic theory of value believe that the dollar has little intrinsic value (i.e., none except for the value of the paper) and is only valuable as a medium of exchange and for their ability to buy government debt.[citation needed]

In 1963, the words "PAYABLE TO THE BEARER ON DEMAND" were removed from all newly issued Federal Reserve notes. Then, in 1968, redemption of pre-1963 Federal Reserve notes for gold or silver officially ended. The Coinage Act of 1965 removed all silver from quarters and dimes, which were 90% silver prior to the act. However, there was a provision in the act allowing some coins to contain a 40% silver consistency, such as the Kennedy Half Dollar. Later, even this provision was removed, and all coins minted for general circulation are now mostly clad. The content of the nickel has not changed since 1946.[citation needed]

All circulating notes, issued from 1861 to present, will be honored by the government at face value as legal tender. This means only that the government will give the holder of the notes new federal reserve notes in exchange for the note (or will accept the old notes as payments for debts owed to the federal government). The government is not obligated to redeem the notes for gold or silver, even if the note itself states that it is so redeemable. Some bills may have a premium to collectors.[citation needed]

The only exception to this rule is the $10,000 gold certificate of Series 1900, a number of which were inadvertently released to the public because of a fire in 1935. A box of them was literally thrown out of a window. This set is not considered to be "in circulation" and, in fact, is stolen property. However, the government canceled these banknotes and removed them from official records. Their value, relevant only to collectors, is approximately one thousand US dollars.[citation needed]

According to the Federal Reserve Bank of New York, there was $829 billion in total US currency in worldwide circulation as of December 2007.[10]

In September 2004, it was estimated that if all the gold held by the U.S. government (287.13 million ounces = 8.14 million kilograms = 8,140 metric tonnes) were again required to back the circulating U.S. currency ($733,170,953,704), gold would need to be valued at $2,800/ounce ($90/gram).[citation needed]

http://en.wikipedia.org/wiki/History_of_the_United_States_dollar

broncocalijohn
05-31-2011, 01:10 PM
So, if we state that we have gold and in reality don't have any, that there is no problem? In my post, I believe I included everything but should have dealt with just government. I believe the gov. still uses gold as an investment or backing of a loan. Am I wrong on this?

alkemical
05-31-2011, 01:18 PM
it's backed by pixie dust.

broncocalijohn
05-31-2011, 01:26 PM
Thank god. Thought u would say magic beans.

DenverBrit
05-31-2011, 03:37 PM
it's backed by pixie dust.

On bills since 1957...."In God we trust".....http://upload.wikimedia.org/wikipedia/commons/thumb/b/bb/1in_god_we_trust.jpg/220px-1in_god_we_trust.jpg

Use it to buy gold??

mhgaffney
05-31-2011, 07:13 PM
Native Americans have a different slant on the "In God we trust" motto on the dollar.

In their view -- the words mean that the white peoples' god = the almighty dollar.

A false god. Which explains a lot of things (why things are so ****ed up.)

IMO, they see it clearly.

Arkie
05-31-2011, 08:13 PM
This is not new -- Ron Paul went on record last year -- about the gold in Ft Knox.

Ron Paul questions whether there's gold at Fort Knox, NY Fed

By Michael O'Brien -
08/30/10 10:21 AM ET

http://thehill.com/blogs/blog-briefing-room/news/116341-ron-paul-plans-bill-to-audit-us-gold-reserves

Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold.

Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

“I think it is a possibility," Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.

Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.

The gold reserves, which Paul's new bill would audit, are generally seen as a guarantee on a nation's currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.

You'd think the people could audit it. ::) I guess it's wishful thinking. We haven't even audited the Fed once in its 100 year history.

Arkie
06-04-2011, 07:53 AM
Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump blamed partly on reports he was liquidating his holdings.

Famed gold bull John Paulson held his ground, but Soros was joined in the retreat by several other big names, including Eric Mindich and Paul Touradji, according to 13-F filings with the U.S. Securities and Exchange Commission that provide the best insight into where hedge funds are placing their bets.
http://www.huffingtonpost.com/2011/05/17/george-soros-gold_n_863083.html

At first I was puzzled why a savvy investor like Soros would "dump his gold." He didn't. He just transferred most of the $800 million in physical gold to gold mining stocks and ETFs. Maybe he knows something we don't. The government confiscated gold in the past. With gold mining shares, all they can do is force gold miners to sell their gold directly to the government. Soros would still benefit from gold.

mhgaffney
06-04-2011, 08:29 PM
Don't miss EP Heidner's 2008 paper about 911. This is probably the best overarching hypothesis I have seen, yet.

The story goes back to the days of the OSS and the Japanese gold caches in the Philippines. Heidner blames 911 on the same cast of characters who gave us the October Surprise and Iran Contra Gate. He argues that after HW Bush entered the White House the neocons created a $240 billion slush fund to destroy Russia.

According to Heidner, the securities came due on 9/12/2001, which would have exposed massive illegal activity. Hence the rationale for 911: to cover up the earlier covert illegal plan to stage a coup against Gorbachev, destroy the ruble, get control over Russia's oil and gas, etc, using the oligarchs.

Collateral Damage: U.S. Covert Operations and the Terrorist Attacks on September 11, 2001

http://www.wanttoknow.info/911/Collateral-Damage-911-black_eagle_fund_trust.pdf

DenverBrit
06-04-2011, 09:47 PM
Meanwhile, back at Troofer HQ.........

http://images.greencine.com/images/12_one_flew_over_the_cuckoos_nest_resize.jpg

alkemical
06-06-2011, 05:25 AM
At first I was puzzled why a savvy investor like Soros would "dump his gold." He didn't. He just transferred most of the $800 million in physical gold to gold mining stocks and ETFs. Maybe he knows something we don't. The government confiscated gold in the past. With gold mining shares, all they can do is force gold miners to sell their gold directly to the government. Soros would still benefit from gold.

I'd be interested in his "reasoning" for that, what the business decision was.

Tombstone RJ
06-06-2011, 09:28 AM
it's backed by pixie dust.

and the most powerful military in the world with ICBMs :thumbsup:

Tombstone RJ
06-06-2011, 09:30 AM
This is not new -- Ron Paul went on record last year -- about the gold in Ft Knox.

Ron Paul questions whether there's gold at Fort Knox, NY Fed

By Michael O'Brien -
08/30/10 10:21 AM ET

http://thehill.com/blogs/blog-briefing-room/news/116341-ron-paul-plans-bill-to-audit-us-gold-reserves

Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold.

Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

“I think it is a possibility," Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.

Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.

The gold reserves, which Paul's new bill would audit, are generally seen as a guarantee on a nation's currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.

this is why Ron Paul kicks ass and exactly the reason why the repubs will never allow him to run for the presidency.

Paul gets it.

alkemical
06-06-2011, 09:38 AM
and the most powerful military in the world with ICBMs :thumbsup:

At least until the funding runs out.

Arkie
07-13-2011, 09:51 AM
Gold thinks we will raise the debt limit and have another round of quantitative easing. Today will be the eighth consecutive day of gains, something it has not achieved since mid-October 2006, when it rose for nine days in a row. It's at a record high.

Arkie
07-13-2011, 01:44 PM
<iframe width="425" height="349" src="http://www.youtube.com/embed/2NJnL10vZ1Y" frameborder="0" allowfullscreen></iframe>

Garcia Bronco
07-13-2011, 01:48 PM
Whos buying real gold vs paper gold?

Arkie
07-14-2011, 08:08 AM
Yesterday gold surged to a new all-time high of $1588. When Bernanke speculated about further QE, gold surpassed its previous record of $1577. It kept going up as Ron Paul owned Bernanke. It’s in new record territory of the $1590s this morning.

Paul asked Bernanke if gold was money. After a long pause and appearing like a deer in headlights, Bernanke simply said “No.” Paul followed that up by asking if gold is not money, then why central banks hold it in their reserves. Bernanke responded that it was a “long term tradition,” but refused to elaborate.

While Bernanke may want everybody to believe gold isn’t money, it’s not working. With gold prices at new highs and on pace for 11 consecutive years of annual gains, it is clear that the marketplace has sided with over 5,000 years of history that suggest gold is in fact money, rather than with a central banker who believes money can be created with a printing press.

Meck77
07-26-2011, 11:58 AM
A newsletter I get from my boys at Blanchard and Company. http://www.blanchardonline.com/

From Rick Santelli: "Ron Paul last week asked Chairman Bernanke during the Humphrey Hawkins-type hearings if he thought gold was money and he (Bernanke) said, 'no.' My answer would have been, it's better than money. Yes, $1,600 gold is insulting central bankers in the following fashion, it's saying gold is going up because what you are doing to the fiat currencies of the world is not tolerable to smart investors."



Over the long term gold remains undervalued or at worst fairly valued. Admittedly, gold has risen by nearly 6.5 times in the last 11 years. However, in the last bull market in the 1970’s, gold rose 24 times from $35/oz to over $850/oz in 9 years. Gold remains well below its 1980 record high of $2,400/oz when adjusted for inflation. The macroeconomic conditions today are even more conducive to gold than they were in the 1970’s.



What happens after August 2?



Goldman is out with a note this morning on the debt ceiling, and unfortunately, even though the firm secretly controls the world, it really doesn't know any more on what's going to happen than anyone else.

This is interesting though. Some dates on August 2 and after. It presumes that the ceiling isn't raised, but that the Treasury prioritizes payments in some way.

• August 2: Treasury exhausts financing options. August 2 is the last day that the Treasury seems likely to be able to make all of its scheduled payments under the current borrowing limit.

• August 3: Social security payments. Roughly $23 billion in Social Security payments are scheduled to be made on August 3, as they are made on the first Wednesday of every month. This, along with other spending that might be delayed, could provide political motivation to reach an agreement on at least a short-term extension.

• August 3: Treasury quarterly refunding announcement. The Treasury is expected to announce its financing plans, as it does each quarter.

• August 9-11: 3-year note, 10-year note, and 30-year bond auctions. These auctions settle the same day as the Treasury coupon payment, on August 15.

• August 15: Treasury coupon payment. Treasury must make around $30 billion in payments to holders of securities. The scheduled payments are expected to exceed revenues that day, but in the very unlikely event that the debt limit hasn't been increased by this point, it is likely that the Treasury would have conserved cash in order to make the payment



The Wisconsin Governor Was Right - expect more of this in other states.



Remember the violent and disgusting demonstrations over Wisconsin Gov. Scott Walker doing away with the collective bargaining for teacher's unions?



The results are in. Some school districts went from a $400,000 deficit to a $1,500,000 surplus as a result.



Why? It seems that the insurance company that provided all the "so-called" benefits to the teachers, was an insurance company owned and operated by the teacher's union. Since they were guaranteed to get the insurance business from the teachers and the State had to pay for it, and not the teachers, they were increasing the annual costs every single year to become the most expensive insurance company in the state. Then the insurance company was donating millions and millions of dollars to their favorite politicians, who when they got elected, guaranteed to keep funding the unions outrageous costs.



Now that the State of Wisconsin is free to put the insurance contract out for bid, and lo and behold, they have saved so much money it has turned deficits into surplus amounts. As a result, none of the teachers had to be laid off, everyone got a raise, etc., etc., and the taxpayers of Wisconsin don't have to pay more taxes to fund the union's political ambitions.



• The problem with bloated central planning is that when austerity hits, the bloat goes away, and millions of government employees suddenly find themselves trying to enter the private sector, realizing they have absolutely no real competitive and marketable skills.



• And while America has yet to even remotely sniff austerity, the unemployment rate is already set to spike, after the USPS just announced it was preparing to close 3,653 out of its 32,000 total post office sites.



• Per UPI: "The U.S. Postal Service is expected to announce a plan to close 3,653 post offices, mostly in small communities, in a cost-cutting measure, officials said. A USPS spokeswoman said the post offices were chosen because they get the "least amount of foot traffic and retail sales," The Wall Street Journal reported Monday."



• So between corporate and now public sector layoffs, expect the unemployment rate to resume climbing steadily to double digits, hitting it sometime in Q4, at which point QE3 will be inevitable.



GOLD NEWS: The debt of the nation looms large this week. I feel we are probably going to see a “short term” solution and raise of the debt ceiling. This will get us through 6 months or so before the vote comes due again. I find it funny that we have to do this at all but we are willing to play politics and see what happens. I wonder if Washington thinks things will be different? Oh wait there is an election around that time so it has nothing to do with the public only politics. The million dollar question is how will this affect the metals? Well I think we could see a short term correction (as crazy as that sounds) followed by continued upward movement in the price (please reference the enclosed chart). However, if I’m wrong and we default the price will skyrocket overnight…… all we can due is stay tuned.



COIN NEWS: The Certified Acceptance Corp. (CAC) is offering to pay the U.S. government $20 million for the 10 highly publicized 1933 Saint-Gaudens double eagles recently found to be government property. Many of you know John is our coin buyer and this would be a huge purchase and we can only hope he is able to get the coins from the government.



Premium quality Type, better dates, and Gold continue to be in strong demand. CAC verified slabs continues to grow in demand and are getting more notice, much more so than the plus graded slabs. Even generic material, such as common date MS65 $20 Saints stickered by CAC are becoming very difficult to acquire. There is at least one very large order out there for these coins that’s not getting filled.



Prices for these very common coins, but somewhat uncommon with CAC stickers, have been edging up as a result of a lack of this material on the market. Some market participants still haven’t caught on that they can receive quite a premium for their wares when participants still haven’t caught on that can receive quite a premium for their wares when they bear the green bean of approval. The rare coin market is in a growth phase at this time, and consequently, it may take a long time before inventories of these coins catch up with demand. Action to take= buy as many high grade $20 pieces as you can get.

alkemical
07-26-2011, 12:15 PM
Re: WI labor...

Well, it helps when they are using prison labor to "create jobs".

http://www.politico.com/news/stories/0711/58488.html

Garcia Bronco
07-26-2011, 12:22 PM
Re: WI labor...

Well, it helps when they are using prison labor to "create jobs".

http://www.politico.com/news/stories/0711/58488.html

Dang...do that kind of thing could keep people from committing crimes

alkemical
07-26-2011, 12:23 PM
Dang...do that kind of thing could keep people from committing crimes

Or, there will be more of a need to find more free labor. (facism)

alkemical
07-26-2011, 12:27 PM
http://www.corpwatch.org/article.php?id=854

mhgaffney
07-28-2011, 08:35 PM
Before we are done -- Garcia Bronco will have to eat his words -- chew them up -- and swallow - glass and all.

mhgaffney
07-31-2011, 08:39 AM
There is one caveat.

If it is true -- as argued in the book Gold Warriors (a must read) that much, maybe most, of the gold in the world is off the books, that is, does not officially exist, then there is a real chance that the financial elite will -- at some point -- dump large amounts of gold onto the market -- to drive the price down.

It would be risky for them to do it --

There would be a lot of angry investors -- and probably new lawsuits -- about where the gold came from. However, a similar thing happened in the 1990s.

It's why I put my $$ into silver -- not gold.

Arkie
07-31-2011, 09:10 AM
very good video

<iframe width="560" height="349" src="http://www.youtube.com/embed/RvL_Dm2d99A" frameborder="0" allowfullscreen></iframe>

baja
07-31-2011, 09:22 AM
I see gold is at $1627. That's $373 away from my prediction that everyone called me crazy for saying.

Where are you guys now??

AWLFUL QUIET IN HERE

Meck77
07-31-2011, 09:23 AM
There is one caveat.

If it is true -- as argued in the book Gold Warriors (a must read) that much, maybe most, of the gold in the world is off the books, that is, does not officially exist, then there is a real chance that the financial elite will -- at some point -- dump large amounts of gold onto the market -- to drive the price down.

It would be risky for them to do it --

There would be a lot of angry investors -- and probably new lawsuits -- about where the gold came from. However, a similar thing happened in the 1990s.

It's why I put my $$ into silver -- not gold.
Would love for others to "dump" their gold. Even when soros "dumped" his and the price has gone thru the roof since then. Even if nations decided to "dump" their gold China, india, billionaires would grab it.

I see a much needed correction though. I love to see a big dip personally. Loved it when silver hit 32. Would love to see it hit 20 again but I doubt it will happen.

mhgaffney
07-31-2011, 10:58 AM
I see gold is at $1627. That's $373 away from my prediction that everyone called me crazy for saying.

Where are you guys now??

AWLFUL QUIET IN HERE

The recent months have not been kind to the knee jerk world view.

It's crumbling around them and coming down on their heads -- and to maintain their comfort zone they have to shut down, close off, that is, when they are not becoming ever more irrational (eg., W*gs, Epic, etc)

I expect the shyte to hit the fan later this year.

It's going to get really bizarre....

mhgaffney
08-02-2011, 10:06 AM
The Buzz Around Gold Is Growing Louder

by Jeff Clark
BIG GOLD

http://lewrockwell.com/orig11/clark-j30.1.html

I outlined last week the increasingly bullish consensus among analysts about gold stocks. The same pattern exists with gold itself; growing numbers of analysts have either joined the movement or have upped their bullish outlook.

The following comments and developments have all been reported just this month. It presents quite a convincing case when one strings them together like this. Keep in mind that this is what these analysts and managers are telling their clients.

SICA Wealth Management’s Jeffrey Sica: “Right now, I think gold looks better than ever.” He sees a “painfully high probability” of troubling events occurring in the months ahead. “There has been a general loss of confidence in the ability of central banks and governments to manage the economy. That will continue to give gold and other precious metals a boost.”

Empire Economics chief economist Clifford Bennett expects gold to come close to $2,000 an ounce this year and $2,200 an ounce within 18 months. “There is risk in the second half of the year of a bit of a ‘panic spike,’ if you like, as everyone thinks there isn’t enough to go around and starts to hoard. That’s when you’ll really see gold take off towards $2,000 an ounce.”

Franco-Nevada Chairman Pierre Lassonde said the coming mania in gold will make the 1970s run look like child’s play. “In 1980, the only players, or the dominant players, were the Americans. Today the dominant players are China and India; 58% of all the gold sold this year will be sold in these two countries. When we reach that mania phase… watch out, because it will truly make your head spin.”


Antaike analyst Shi Heqing had this to say about Chinese investors: “Record high prices won’t scare away investors… they are likely to chase the rally and continue to buy gold because paper money feels increasingly worthless and they are worried about inflation.” Shi expects China’s gold demand to rise about 20%, due in no small part to the country’s 6.4% inflation rate.

Reuters: “The case for gold in the longer term is still very strong,” said a Singapore-based trader. “Gold may appeal to new classes of investors who previously avoided the market in favor of more mainstream investments like bank deposits, bonds, and equities. Potentially there’s a whole new market for small-sized gold bars if these investors lose faith in paper.”

Newedge USA predicted gold will hit $1,800 and silver $70 by year-end due to investors seeking a haven asset and physical demand from Asia. “Gold is an excellent hedge in troubled times” said Mike Frawley. “Demand will be very strong long-term from Asia, and the economic trend in the West is improving.”

FX Concepts founder John Taylor: “Gold will climb to $1,900 by October.”

SMC Global: “Evidence of sluggish U.S. growth has shaken investor confidence. Concerns about rising inflation here have also boosted appetite for gold ETFs. Demand is high from small players.”

Minerals and Metals Trading Corp’s Ved Kumar Prakash reported “skyrocketing” demand for gold in India. He predicted that given the company’s brisk sales, gold imports would jump by more than 40% this fiscal year.

The Swiss Parliament is expected later this year to discuss the creation of a gold franc. “I want Swiss people to have the freedom to choose a completely different currency,” said Thomas Jacob, the man behind the gold franc concept. “Today’s monetary system is all backed by debt – all backed by nothing – and I want people to realize this.”

An “Iranian gold rush” is under way, according to an article by Reuters. “Usually as the price of an item increases, demand will decrease – but in the case of gold, it seems that higher prices are creating more demand,” said an unnamed Tehran gold retailer. “The reasons that people are drawn to these safe assets – gold coins and hard currency – are firstly a limited choice of investment opportunities, and secondly a fear from the weakness of the national currency,” said an economist who asked not to be named.


The Utah Legal Tender Act was signed into law by Governor Herbert last month. “Good monetary policy is an important part of a healthy and prosperous economy,” said Senator Mike Lee. He and other Republicans also introduced legislation to eliminate federal capital gains taxes on gold and silver coins. “Since the Federal Reserve Act of 1913, the dollar has lost approximately 98% of its value. This bill is an important step towards a stable and sound currency whose value is protected from the Fed’s printing press.”

CIBC World Markets’ Peter Buchanan remains bullish even if the debt ceiling talks resolve. “Even in the likely event Congress agrees to a debt ceiling rise, recent uncertainties are likely to reinforce central banks’ ongoing efforts to diversify from the dollar into gold and other assets.”

Citigroup Global Markets reported that silver may more than double to $100 an ounce if the current bull market follows similar patterns seen between 1971 and 1980. “If the final rally in the last bull market repeated, then we can expect $100 over the long term… While the high so far this year was at the same level as the peak in January 1980, we are not convinced that the long-term trend is over yet.”

Gold Forecaster analyst Julian Phillips: “This is not typical of a ‘bull’ market that will eventually fall back from whence it came. We believe gold is not in a ‘bull’ market, because it is changing its shape and nature permanently. Our reasoning is not academic posturing, but a reflection of the realities that have taken place over time and those that confront us now. Because it is perceived to be an alternative wealth-preserving asset, a counter to a failing monetary system, it is not a simple commodity moving up and down with the flows and ebbs of economic cycles; it is a valid measure of monetary values.”

American Precious Metals Advisors Managing Director Jeffrey Nichols: “A recent survey of 80 central bank reserve managers predicted that the most significant change in their official reserve holdings in the next 10 years will be their intentional build up in gold reserves. They also predicted that gold will be their best performing asset class over the next year, and sovereign debt defaults will be their principal risk.”


Gloom Boom and Doom editor Marc Faber: “I just calculated that if we take an average gold price of say around $350 in the 1980s and compare that to the average monetary base and the average U.S. government debt in the 1980s...and then if I compare this to the price of gold to today’s government debts and monetary base, gold hasn’t gone up at all. It’s actually gone against these monetary aggregates, and against debt it’s actually gone down. So I could make the case that gold is today probably very inexpensive.”

GoldMoney founder James Turk: “In reality there are very few participants currently in the gold market… when I look at the price action, it suggests to me that a lot of this big money on the sidelines wants to be in. Therefore we are seeing some aggressive bidding on any pullbacks.”

Reuters Money reports that eBay’s “gold and silver outpost” has seen gold bullion sales jump more than 60% from 2007 through 2010. More significantly, “almost half of the silver and gold buyers in the first quarter of 2011 never purchased these items on eBay before.”

Sprott Asset Management chief investment strategist John Embry: “I think it will be really exciting when silver clears $50, because then it will be in absolutely new ground. There is, without question, major physical shortages of physical silver, and demand is robust. Once silver gets rolling, it’s going to levels people cannot imagine.”

It’s hard to go one day without seeing comments like these. The chorus is growing, and as these bullish views spread further and further into the mainstream, the number of investors attracted to precious metals will swell and continue to drive prices higher.

Is this growing consensus the sign of a top? As I said about gold stocks, taking the contrarian view in response to this information would be the wrong move. Fiscal and monetary issues are getting worse, not better, and I think we’re simply seeing more investors recognize the inevitable. We’ll worry about exiting this sector when real interest rates are positive and the dollar is once again a revered currency. Until then, it’s hard to imagine a scenario that isn’t bullish for gold. Any pullback should thus be viewed as a sale price.

Is the impetus for a mania building? I don’t know if we’re on the doorstep of that phase or not, but the fundamental reasons to hold gold are as strong as they’ve ever been. Indeed, it’s getting more critical to have meaningful exposure to precious metals. Keep in mind that when the debt ceiling talks reach a resolution – whatever it may be – the fundamental problems of excessive debt and further deficits will still be unresolved.

Will gold correct if agreements are reached on the debt talks? Probably, but I think the more appropriate question to ask is this: If these analysts are correct, do I own enough ounces?

Jeff Clark – editor of BIG GOLD for Casey Research – puts his money where his mouth is. And his mom’s money, too: Learn how he boosted her IRA by over 90%!

August 2, 2011

Jeff Clark is editor of BIG GOLD in Casey's Daily Dispatch.

baja
08-02-2011, 10:18 AM
Get ready for a run on physically held gold

alkemical
08-02-2011, 10:25 AM
Get ready for a run on physically held gold

What do you think of all those "guys" that bought "paper" gold?

Meck77
08-02-2011, 10:45 AM
A little perspective on the price of gold.

http://img718.imageshack.us/img718/8869/usdebtlimitvsgoldcharte.png (http://imageshack.us/photo/my-images/718/usdebtlimitvsgoldcharte.png/)

Uploaded with ImageShack.us (http://imageshack.us)

baja
08-02-2011, 11:32 AM
What do you think of all those "guys" that bought "paper" gold?

If you mean stock options I think there is likely fraud also stock in companies holding lease options on know gold reserves then I would be careful, very easy to be taken for a ride with them. They abound with hustlers. Holding gold on site is what I have always recommended.

alkemical
08-02-2011, 11:34 AM
If you mean stock options I think there is likely fraud also stock in companies holding lease options on know gold reserves then I would be careful, very easy to be taken for a ride with them. They abound with hustlers. Holding gold on site is what I have always recommended.

I keep mine in a pinata.

;)

baja
08-02-2011, 11:35 AM
Funny that gold is going through the roof with the housing market being so peachy and all.

alkemical
08-02-2011, 11:35 AM
Funny that gold is going through the roof with the housing market being so peachy and all.

I noticed China/chinese investors are buying up land here.

baja
08-02-2011, 11:36 AM
I keep mine in a pinata.

;)

I keep mune at the bottom of the outhouse. opps I shouldn't have told you that.;D

alkemical
08-02-2011, 11:36 AM
I keep mune at the bottom of the outhouse. opps I shouldn't have told you that.;D

I'll keep digging!

baja
08-02-2011, 11:36 AM
I noticed China/chinese investors are buying up land here.

Farm land??

alkemical
08-02-2011, 11:39 AM
Farm land??

Not so much, I know SSJ said they've been buying a lot of property in Toledo/NW OH - and From news articles it is spread out.

The chinese are backing our debt with land...our land. They are THE bank now.

baja
08-02-2011, 11:44 AM
Not so much, I know SSJ said they've been buying a lot of property in Toledo/NW OH - and From news articles it is spread out.

The chinese are backing our debt with land...our land. They are THE bank now.

I have been amazed for years that they weren't doing it sooner.

Why go to war when they can buy us with our own debt interest.

There is more gnashing of the teeth and hand ringing on this board over who the starting QB might be than the systematic selling of America.

Guess people get what the deserve in the long run.

baja
08-02-2011, 11:59 AM
Not so much, I know SSJ said they've been buying a lot of property in Toledo/NW OH - and From news articles it is spread out.

The chinese are backing our debt with land...our land. They are THE bank now.

Not only are they buying up America they want to do it on the QT.


http://patrick.net/forum/?p=912926

alkemical
08-02-2011, 12:19 PM
I have been amazed for years that they weren't doing it sooner.

Why go to war when they can buy us with our own debt interest.

There is more gnashing of the teeth and hand ringing on this board over who the starting QB might be than the systematic selling of America.

Guess people get what the deserve in the long run.

For the most part yes, that's true. The piper has come to be paid. it's sorta sad though, it took 25 years before people figured out what was going on.

Hey, did you see there's a sale at Ikea?

Arkie
08-02-2011, 03:18 PM
I see gold is at $1627. That's $373 away from my prediction that everyone called me crazy for saying.

Where are you guys now??

AWLFUL QUIET IN HERE

We know where gold is going as it correlates to the debt ceiling shown in the chart Meck posted. Today gold rocketed through its record 1628, through the 1630s, 1640s, 1650s, and past 1660.

baja
08-02-2011, 03:52 PM
Spend those dollars boys and girls while they are still worth something

baja
08-02-2011, 03:52 PM
Run up those credit cards too. ;D

baja
08-02-2011, 03:55 PM
Pay back will be easy with wildly inflated dollars

cutthemdown
08-02-2011, 04:14 PM
I have been amazed for years that they weren't doing it sooner.

Why go to war when they can buy us with our own debt interest.

There is more gnashing of the teeth and hand ringing on this board over who the starting QB might be than the systematic selling of America.

Guess people get what the deserve in the long run.

People said same thing when the Japanese bought up all the land in the 80's. They can't take the land back to CHina ya know?

baja
08-02-2011, 04:36 PM
People said same thing when the Japanese bought up all the land in the 80's. They can't take the land back to CHina ya know?

No but they will take the revenue generated from that land be it rent or food or christmas trees or what ever. Not to mention denying someone living in the USA the opportunity of owning that land and it's resources.

baja
08-02-2011, 04:38 PM
This is pretty basic stuff Cut. money that stays in the community circulates within the community and money that leaves the community leaves the community forever.

TheDave
08-02-2011, 06:36 PM
I see gold is at $1627. That's $373 away from my prediction that everyone called me crazy for saying.

Where are you guys now??

AWLFUL QUIET IN HERE

You mean that prediction where Gold would hit $2000 by Christmas 2007?

4 years later and nearly 20% to go and you are playing "I told you so"

Oy Vey... gonna have to put this up with "Watts next Moss" and "McD = Coach of the year"

baja
08-02-2011, 06:44 PM
You mean that prediction where Gold would hit $2000 by Christmas 2007?

4 years later and nearly 20% to go and you are playing "I told you so"

Oy Vey... gonna have to put this up with "Watts next Moss" and "McD = Coach of the year"

I think you are off by a couple of years.

Watts fooled an entire scouting staff. What saw was his amazing ability to get open even on Champ. I guess you knew he had a tendon injury in high school

I still think McD will mature into a good HC. He had no chance here because Bowlen handed him way to much power. It's like buying a 16 year old a classic GTO and saying forget drivers education learn as you go.

TheDave
08-02-2011, 06:58 PM
I think you are off by a couple of years.


I realize that is a bold prediction but gold will reach $2,000 per oz. sometime in 08

http://www.orangemane.com/BB/showpost.php?p=1778976&postcount=55



Can't find my favorite Christmas prediction but the 3 year old "Gold to hit 2K" prediction serves my purpose just fine.



Watts fooled an entire scouting staff. What saw was his amazing ability to get open even on Champ. I guess you knew he had a tendon injury in high school

No I read the same article that everyone including you read... You bet a 1 handed receiver would succeed.

I chose a different path



I still think McD will mature into a good HC. He had no chance here because Bowlen handed him way to much power. It's like buying a 16 year old a classic GTO and saying forget drivers education learn as you go.

I don't put much faith in egomaniacal cheaters... especially ones that recently tore my favorite team apart.

again you and I are taking different paths.

baja
08-02-2011, 07:11 PM
Can't find my favorite Christmas prediction but the 3 year old "Gold to hit 2K" prediction serves my purpose just fine.





No I read the same article that everyone including you read... You bet a 1 handed receiver would succeed.

I chose a different path






I don't put much faith in egomaniacal cheaters... especially ones that recently tore my favorite team apart.

again you and I are taking different paths.


I glad I had the foresight to buy some gold. Go read some of you posts responding to my "outlandish" highly ridiculed posts about gold reaching 2K, the fact it took a couple of years longer is not a big deal when you were selling never.

Is you point you are wonderful and I'm not. Fine what ever, you live in your world so do what works for you.

I was wrong about a 4th round draft pick - oh my!

We'll see on McD

TheDave
08-02-2011, 07:17 PM
Is you point you are wonderful and I'm not. Fine what ever, you live in your world so do what works for you.

I was wrong about a 4th round draft pick - oh my!



No I was just having some fun with you crowing "I told you so" about a prediction that 3 years later still has not come true.

and FWIW Watts was a 2nd round pick... #54

baja
08-02-2011, 07:26 PM
I just looked it up you are right, 2nd round #54.

And you are right I missed badly on him. I thought he was going to be a great one.

mhgaffney
08-02-2011, 09:36 PM
Even Shanny was fooled.

As I recall -- it was Shanahan who thought Darius had great hands.

mhgaffney
08-03-2011, 10:09 AM
Gerald Celente: Wall Street Takeover of America

Celente says prepare for the worst. Watch for a banking holiday...

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/3_Gerald_Celente_files/Gerald%20Celente%20%208%3A3%3A2011.mp3

Arkie
08-07-2011, 09:30 PM
$1700


http://www.kitco.com/images/live/gold.gif

Requiem
08-07-2011, 09:32 PM
I wish I could have been a little bit older to get on the gold train.

Arkie
08-10-2011, 09:22 AM
$1700


http://www.kitco.com/images/live/gold.gif

Flirting with $1800 already? We didn't have enough time for $1700 gold to sink in. Anybody who hasn't kept up the last two days still thinks its in the 1600s.

baja
08-10-2011, 09:40 AM
Flirting with $1800 already? We didn't have enough time for $1700 gold to sink in. Anybody who hasn't kept up the last two days still thinks its in the 1600s.

This is even more telling that the stock market tanking

Meck77
08-10-2011, 05:00 PM
Breaking news....Gold powers on despite increase in margin requirements.

http://www.marketwatch.com/story/cme-hikes-gold-margins-but-prices-still-rising-2011-08-10

Still trading up in Asian trading as we speak. 5pm Mountain Time

*edit* Ok they were successful is slowing this baby down. http://af.reuters.com/article/metalsNews/idAFL3E7JA55O20110811?sp=true

I suspect this will be the first in a series of margin hikes much like silver had back in May. Might be some time to get on the gold train if you haven't.

Meck77
08-14-2011, 08:27 AM
Steve Forbes predicts that within 3 years the dollar will be backed by gold again.

http://www.youtube.com/watch?v=R0tf30QFhOo

Meck77
08-18-2011, 05:58 PM
Silver is marching to a a new drum folks. Stock market tanking and the shiny metal is holding tough. That bucks the trend as an industrial metal only. More and more people are pouring money into it for a preservation of wealth.

It takes a stronger stomach than gold because of it's volatility but keep an eye on it. It's a great way to purchase something tangible.

http://www.kitco.com/charts/livesilver.html

http://www.monex.com/prods/silver_chart.html

I'm still bullish on gold but let's face it. Almost $2,000 an ounce is tough to swallow. For that reason alone money will pour into silver.

There are trillions of printed dollars and euros with no where to go......The trend is your friend.

You can buy silver eagles at your local coin shop for around $3.00 over the spot price you see quoted online. Drop in and convert just 40 bucks into a chunk of silver. Just one way to diversify yourself or family for the long run.

If you want to go big www.tulving.com has the best rates. 500 oz for just $2.79 over spot.

baja
08-18-2011, 06:11 PM
Silver is marching to a a new drum folks. Stock market tanking and the shiny metal is holding tough. That bucks the trend as an industrial metal only. More and more people are pouring money into it for a preservation of wealth.

It takes a stronger stomach than gold because of it's volatility but keep an eye on it. It's a great way to purchase something tangible.

http://www.kitco.com/charts/livesilver.html

http://www.monex.com/prods/silver_chart.html

<b>I'm still bullish on gold but let's face it. Almost $2,000 an ounce is tough to swallow. For that reason alone money will pour into silver. </b>

There are trillions of printed dollars and euros with no where to go......The trend is your friend.

You can buy silver eagles at your local coin shop for around $3.00 over the spot price you see quoted online. Drop in and convert just 40 bucks into a chunk of silver. Just one way to diversify yourself or family for the long run.

If you want to go big www.tulving.com has the best rates. 500 oz for just $2.79 over spot.

Hey you finally got one right. Well almost the best commodity to buy today is heirloom seeds packed for 10 years life span. and this product.

http://www.youtube.com/watch?v=ptIQ9oD4EYo

Arkie
08-19-2011, 08:16 AM
Would you trade in a equal amount of platinum for gold? Gold has been trading higher than platinum occasionally the last couple of weeks.

Meck77
08-19-2011, 03:00 PM
I don't track plantinum personally.

Silver up over 5.5% since yesterdays post! Stock market down almost 2%.

7.5% swing in just one day. Silver could easily give a lot of that up in a hurry though. I think the weaker hands have been shaken out of silver though.

Arkie
08-20-2011, 09:52 AM
Hugo Chavez wants physical delivery of all the gold they have abroad starting with England. They also have a lot with JP Morgan, Barclays, and the Bank of Nova Scotia. This could cause a mad scramble with gold that has already been pledged about 100 times over in paper to others.

Meck77
08-20-2011, 10:07 AM
Time to open some vaults and see if the gold is there!

Meanwhile S&P downgrades Chavez on August 19th, 2011 just because he wants to see his gold. Interesting...

http://online.wsj.com/article/BT-CO-20110819-712635.html

mhgaffney
08-21-2011, 03:40 AM
Time to open some vaults and see if the gold is there!

Meanwhile S&P downgrades Chavez on August 19th, 2011 just because he wants to see his gold. Interesting...

http://online.wsj.com/article/BT-CO-20110819-712635.html

Sharp that you picked up on this.

Check out what Michael Hudson has to say about the rating agencies...

Guard-Dogs for the Banks

The Case Against Rating Agencies

By MICHAEL HUDSON

http://www.counterpunch.org/hudson08192011.html

Arkie
08-23-2011, 09:47 PM
Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump blamed partly on reports he was liquidating his holdings.

Famed gold bull John Paulson held his ground, but Soros was joined in the retreat by several other big names, including Eric Mindich and Paul Touradji, according to 13-F filings with the U.S. Securities and Exchange Commission that provide the best insight into where hedge funds are placing their bets.
http://www.huffingtonpost.com/2011/05/17/george-soros-gold_n_863083.html

Media BS. Soros could have had over a billion in bullion today. Gold has gone up $400/oz in the 3 months since he dumped it in May. That could have quickly been $215 million dollar mistake, but they didn't mention he used the proceeds to buy gold mining stocks.

baja
08-23-2011, 09:50 PM
Media BS. Soros could have had over a billion in bullion today. Gold has gone up $400/oz in the 3 months since he dumped it in May. That could have quickly been $215 million dollar mistake, but they didn't mention he used the proceeds to buy gold mining stocks.

It's fast approaching time to trade your gold for silver.

TheDave
09-28-2011, 03:47 PM
Gold and Silver Slaughter Resumes Once More, With Feeling... (http://blogs.wsj.com/marketbeat/2011/09/28/gold-and-silver-slaughter-resumes-once-more-with-feeling/?mod=google_news_blog)

Tombstone RJ
09-28-2011, 04:00 PM
Invest in seeds. When you have to grow your own food, no amount of gold or silver is gonna help you... you may want to invest in some farming equipment too... just saying...

TheDave
09-28-2011, 04:06 PM
Invest in seeds. When you have to grow your own food, no amount of gold or silver is gonna help you... you may want to invest in some farming equipment too... just saying...

Some of you watched Mad Max way too much growing up...

Arkie
09-28-2011, 04:20 PM
A little perspective on the price of gold.

http://img718.imageshack.us/img718/8869/usdebtlimitvsgoldcharte.png (http://imageshack.us/photo/my-images/718/usdebtlimitvsgoldcharte.png/)

Uploaded with ImageShack.us (http://imageshack.us)

Quoting this to put gold back in perspective. Meck posted this last month at the debt deadline before gold shot up another $200 past $1900. Of course it's going to correct to the red line. That's a buying opportunity for good investors.

Tombstone RJ
09-28-2011, 04:22 PM
Some of you watched Mad Max way too much growing up...

They didn't farm in mad max!!

TheDave
09-28-2011, 04:27 PM
They didn't farm in mad max!!

True... was it water world?

No, doubt they did any farming either... Well whatever post apocalyptic farming based movie i was thinking of. ;D

Tombstone RJ
09-28-2011, 04:29 PM
Personally, I'm looking forward to going back to an agrarian(sp?) society. Don't fight it people!

cutthemdown
09-28-2011, 05:24 PM
I'd rather just join a roving gang that rapes and pillages when society breaks down. Spider already doing that and he seems pretty happy! :)

mhgaffney
09-28-2011, 06:29 PM
Look at the curve. The price of gold started to go up up up after 9/11.

It's volatile but the bull market has continued.

How to explain the present drop? Good question -- but we know there is vastly more (at east 2-3 times more) gold in existence than the bankers will acknowledge.

The present world estimate is 130,000 metric tonnes -- and this is supposedly the total. But we know for a fact that the CIA and Ferdinand Marcos recovered at least 280,000 metric tonnes in the Philippines -- in the period after WW II (into the 1980s).

We have been lied to again -- surprised?

They are dumping gold to drive the price down -- for a reason. I will hazard a guess. Because they are desperate. If the price of gold climbs to its real value -- whatever the market will bear - the present monetary system will collapse.

I conclude: buy gold and silver now while you can. Last man out please turn off the lights on Western civilization as we have known it.
MHG

ghwk
09-28-2011, 06:35 PM
Personally, I'm looking forward to going back to an agrarian(sp?) society. Don't fight it people!

I just put artificial grass in my backyard, I couldn't grow a dandelion back there! I'm Fu@@ed!

Meck77
09-28-2011, 07:29 PM
How to explain the present drop? Good question -

It's a healthy pull back as it simply rose way too quickly. Speculators took some profits and weak hands folded. Furthermore the CME raised margin requirements for the paper traders. That means they have to bring more real cash to the table to trade their contracts. This too adds stability to the overall price/base of gold.

http://blogs.barrons.com/focusonfunds/2011/09/23/cme-raises-margin-requirements-on-gold-silver-copper-futures/

Furthermore the USD has "gained" strength because of the turmoil in Europe. Kinda scary to the think the USD is actually considered a safe haven for the moment. http://www.marketwatch.com/investing/index/DXY Click on one year or 3 month chart to see what I mean.

The swiss lost that status when they pegged their franc to the Euro.

Smart money is buying this dip.

mhgaffney
09-29-2011, 03:57 PM
Yes, Meck -- but how do you explain the fact that both gold AND stocks are going down?

This is not natural. As stocks go down gold should be going up. This is fishy and tells us the gold markets are being manipulated down. There must be a reason. I shudder to think what Goldman Sachs has up its sleeve.

Looks like a big shyte storm ahead. Only fools will sell their gold -- in this environment.

When it goes down some more -- I plan to buy. Later, it will go up like a rocket.

baja
09-29-2011, 04:17 PM
Yes, Meck -- but how do you explain the fact that both gold AND stocks are going down?

This is not natural. As stocks go down gold should be going up. This is fishy and tells us the gold markets are being manipulated down. There must be a reason. I shudder to think what Goldman Sachs has up its sleeve.

Looks like a big shyte storm ahead. Only fools will sell their gold -- in this environment.

When it goes down some more -- I plan to buy. Later, it will go up like a rocket.

The globalists are changing the margins forcing the speculators out of the market in a last ditch effort to hold down the price of gold and prop up their worthless paper money yet gold is now going back up. Major shiit is about to happen.

baja
09-29-2011, 04:20 PM
Yes, Meck -- but how do you explain the fact that both gold AND stocks are going down?

This is not natural. As stocks go down gold should be going up. This is fishy and tells us the gold markets are being manipulated down. There must be a reason. I shudder to think what Goldman Sachs has up its sleeve.

Looks like a big shyte storm ahead. Only fools will sell their gold -- in this environment.

When it goes down some more -- I plan to buy. Later, it will go up like a rocket.

We will see $5000 an ounce gold before this is all over.

It's really better to spend your assets on storable food now.

ak1971
09-29-2011, 05:27 PM
Gold and Silver Slaughter Resumes Once More, With Feeling... (http://blogs.wsj.com/marketbeat/2011/09/28/gold-and-silver-slaughter-resumes-once-more-with-feeling/?mod=google_news_blog)

Wasnt gold supposed to be at $2k a few years ago? ROFL!

cutthemdown
09-30-2011, 03:54 AM
They didn't farm in mad max!!

They did drive around all crazy though. My biggest problem though was that by the end of the series it seemed a little gay. I mean all dudes in leather and masks riding around on motorcycles together? If that is what happens after the nukes go off then i would rather just die in the blast.

cutthemdown
09-30-2011, 03:57 AM
There are some crazy ****ing people on this board.

Odysseus
10-01-2011, 02:41 PM
http://www.ted.com/talks/niall_ferguson_the_6_killer_apps_of_prosperity.htm l

Ted has some interesting lectures and videos. The speakers are scholars, respected business leaders, and people who are active in the world of non profits. I am sure their are conservative Republicans active in the non profit world I personally do not know of any. Republicans normally donate money and little else.

I have quoted Niall Fergusson in the past on this board. His historic works are well received and well documented. I think it is interesting that if you are able to read, write, or listen to someone speak more than a few seconds you are suddenly caste among the learned in this country. We am stupit.

His lecture takes a few minutes but it's entertaining. He explains a lot of the history and might give you a tangential understanding about why Gold is what it is.

cutthemdown
10-01-2011, 09:39 PM
Yes, Meck -- but how do you explain the fact that both gold AND stocks are going down?

This is not natural. As stocks go down gold should be going up. This is fishy and tells us the gold markets are being manipulated down. There must be a reason. I shudder to think what Goldman Sachs has up its sleeve.

Looks like a big shyte storm ahead. Only fools will sell their gold -- in this environment.

When it goes down some more -- I plan to buy. Later, it will go up like a rocket.

Because the safe haven is always will be US bonds and the US dollar. Sorry to break your heart. But basically they sold off gold and bought us bonds.

baja
10-01-2011, 10:33 PM
Because the safe haven is always will be US bonds and the US dollar. Sorry to break your heart. But basically they sold off gold and bought us bonds.

CUT YOU ARE IN FOR A BIG SURPRISE

cutthemdown
10-01-2011, 11:00 PM
CUT YOU ARE IN FOR A BIG SURPRISE

Well life is always full of surprises Baja. Still the fact is the recent gold sell off was some profit taking, but the big investors still love to huddle to the US bonds. They figure no way USA goes under. When we go under the whole world goes under. Like it or not they are saddled to us and have almost no choice. Without American consumer spending China can forget about having a good economy.

So what is your surprise? I firmly believe because of Obama's stimulus he slowed down the recovery by just trying to spend out of it, now we probably actually will double dip and have a couple quarters of recession in 2012. Let me guess you think i should by seeds because I won't have food?

Arkie
10-02-2011, 01:07 AM
Gold is still $100 over its 200 day average. It's still in the record territory it first reached in July. It shows the strength of the gold bull run to still be in this place after a big sell off.

ak1971
10-02-2011, 06:10 PM
Gold is still $100 over its 200 day average. It's still in the record territory it first reached in July. It shows the strength of the gold bull run to still be in this place after a big sell off.

The sell off is still valid..I still think we will see $1k gold before $2K gold.

Arkie
10-03-2011, 11:06 AM
The sell off is still valid..I still think we will see $1k gold before $2K gold.

I don't think we'll ever see $1000 gold again, and we'll see $2000 within a year.

TheDave
10-03-2011, 11:14 AM
I don't think we'll ever see $1000 gold again, and we'll see $2000 within a year.

2008, 2009, 2010, 2011, 2012... Kick that can far enough down the road and it might just happen. ;D

Arkie
10-03-2011, 04:04 PM
2008, 2009, 2010, 2011, 2012... Kick that can far enough down the road and it might just happen. ;D

It's gone up every year, like walking up a hill with a yo-yo. Long term investors have their eyes on the hill. The only time to look at the yo-yo is when buying on the dips. :)

baja
10-03-2011, 06:24 PM
2008, 2009, 2010, 2011, 2012... Kick that can far enough down the road and it might just happen. ;D


Be as smug as you like, me I bought gold up until it hit 900 and am damn glad I did. In fact now is the time to buy more.

TheDave
10-03-2011, 10:05 PM
It's gone up every year, like walking up a hill with a yo-yo. Long term investors have their eyes on the hill. The only time to look at the yo-yo is when buying on the dips. :)

I have no problem with gold as an asset/investment... I just like to needle the people who buy it because they think we are going to be trading it for beans in the near future.

TheDave
10-03-2011, 10:07 PM
Be as smug as you like, me I bought gold up until it hit 900 and am damn glad I did. In fact now is the time to buy more.

You really need to work on your sense of humor...

baja
10-03-2011, 10:10 PM
You really need to work on your sense of humor...

Trust me when you say something funny I'll get it.

Meck77
10-03-2011, 10:47 PM
The sell off is still valid..I still think we will see $1k gold before $2K gold.

I'll take that bet. Gold hits 1k I owe you an ounce. Gold hits 2k you owe me an ounce. You can even set the deadline date. :wiggle:

Eventually it has to hit one of the two!

Arkie
10-05-2011, 05:25 PM
I'll take that bet. Gold hits 1k I owe you an ounce. Gold hits 2k you owe me an ounce. You can even set the deadline date. :wiggle:

Eventually it has to hit one of the two!

I would offer up the same bet to anybody on here. I have paypal. pm me if you think gold hits 1000 before 2000.

Meck77
11-07-2011, 02:45 PM
So gold almost back to 1,800. Silver solid in the 35 range. Difference this time is margin requirements for trading paper contracts is much higher.

Ak never got your response on my bet? ;D

Blart
11-07-2011, 03:08 PM
Hah, I'm just getting out of precious metals now. It's been an awesome 6 year run!

baja
11-07-2011, 03:42 PM
Hah, I'm just getting out of precious metals now. It's been an awesome 6 year run!

Good time to get out of contracts that's for sure. They are going to manipulate the hell out of the market trying to keep the price down by bumping the margins.

Meck77
11-07-2011, 08:43 PM
Hah, I'm just getting out of precious metals now. It's been an awesome 6 year run!

And into what may I ask?

Blart
11-11-2011, 10:54 AM
Nothing specific, just going into some safe mutual funds. I got into metals by luck, I'm not really the guy to ask!

Krugman is predicting the Euro will end (unless action is taken, which he thinks is unlikely)
http://krugman.blogs.nytimes.com/2011/11/09/this-is-the-way-the-euro-ends-2/

And I could be missing something huge here, but I do know that when the Euro does poorly, people put more trust in the US dollar, which sinks gold prices. I don't want to watch gold prices sink.

Rohirrim
11-11-2011, 11:56 AM
I've just got one word for you, son. Land. ;D

baja
11-11-2011, 11:58 AM
remote rural fertile land with running water

ak1971
12-15-2011, 04:33 PM
It's gone up every year, like walking up a hill with a yo-yo. Long term investors have their eyes on the hill. The only time to look at the yo-yo is when buying on the dips. :)

looks like it may not go up this year...only $150 higher than what it started the year at. Its below its 200 moving day average. I still think we see sub $1K

Bronco_Beerslug
12-16-2011, 05:48 AM
looks like it may not go up this year...only $150 higher than what it started the year at. Its below its 200 moving day average. I still think we see sub $1K

The securities markets have been great for nice big swings for a long time now.
Just wait for the dips and take the moderate ups for nice profits. Follow them up with 10% stop losses and you'll rarely get hurt.

You can't eat, buy groceries or fill the truck up with gas using gold the last time I looked so I don't need any of it unless the price is really right or I strike it rich digging holes for new spruces on the property. ;D

ak1971
12-16-2011, 04:11 PM
Stop losses are for pussies! :approve:

Ive actually had a couple ten baggers which would have been duds if I would have used a stop loss..but then again my portfolio should probably be viewed with a gallon of Pepto Bismol.

Bronco_Beerslug
12-16-2011, 04:37 PM
Stop losses are for pussies! :approve:

Ive actually had a couple ten baggers which would have been duds if I would have used a stop loss..but then again my portfolio should probably be viewed with a gallon of Pepto Bismol.
Nice! If I had reliable Internet here I'd get a little more aggressive.
Interest rates are hitting new record lows again so I'm looking at properties once more. I really don't want to get into too much land lording but there are great buys out there!

ak1971
12-16-2011, 04:44 PM
Nice! If I had reliable Internet here I'd get a little more aggressive.
Interest rates are hitting new record lows again so I'm looking at properties once more. I really don't want to get into too much land lording but there are great buys out there!

Try trading options on a 1st generation android phone on the light rail with spotty coverage...get to work and say ...'I ****ing bought what????'

Its getting tempting to buy RE with rates this low..I still don't think we have hit bottom with values in CO yet though.

Bronco_Beerslug
12-16-2011, 04:57 PM
Try trading options on a 1st generation android phone on the light rail with spotty coverage...get to work and say ...'I ****ing bought what????'
Got to have a set to trade these days anyway. :~ohyah!:

Its getting tempting to buy RE with rates this low..I still don't think we have hit bottom with values in CO yet though. I don't think there is bottom yet either but there are properties out there that are hard to pass up. I bought a another bank owned two years ago and am glad I did. The price on a lot these places are so low that they will pay off nicely someday.
You can always fix them up just enough to rent for now (to cover your expenses) and sell down the road.

ak1971
12-16-2011, 05:04 PM
I don't think there is bottom yet either but there are properties out there that are hard to pass up. I bought a another bank owned two years ago and am glad I did. The price on a lot these places are so low that they will pay off nicely someday.
You can always fix them up just enough to rent for now (to cover your expenses) and sell down the road.

I hear you,...and I know you can. I just don't have the time or patience for illiquid assets.

Odysseus
02-01-2012, 08:34 AM
http://seekingalpha.com/article/315527-2012-outlook-for-gold-positive-fundamentals-remain-and-crucial-diversification

2012 Outlook For Gold: Positive Fundamentals Remain And Crucial Diversification
1 comment | December 22, 2011 | includes: AGOL, DGL, DGLD, DGP, DGZ, DZZ, GLD, GLL, IAU, PHYS, SGOL, UBG,

Introduction

With just a few trading days left in 2011, we can take stock of gold’s performance vis-à-vis other assets.

Gold is 13.7% higher in USD, 12% higher in GBP and 14.4% higher in EUR. Gains were seen in all fiat currencies and even stronger performing fiat currencies such as the CNY (yuan) and JPY (+9% and +8.75% respectively).


(Click to enlarge)

G10 and Gold in USD in 2011 (YTD)

Stock markets globally had a torrid year with the S&P500 down 1.3%, the FTSE down 8% and the CAC and DAX down 19% and 15% respectively. Asian stock markets also fell with the Nikkei down 17%, the Hang Seng 20% and the Shanghai SE down 22%.

The MSCI World Index fell 9%.

Thus, gold again acted as a safe haven and protected and preserved wealth over the long term.

While gold reached record nominal highs at $1,915/oz in August, it is important to continually emphasize that gold remains well below the real high, adjusted for inflation, in 1980 of $2,500/oz.

Gold today at $1,625/oz is 18% below the record nominal high of $1915/oz in August 2011. More importantly, gold remains 46% below its real high of $2,500/oz.

Since 2003, we have said that gold would likely reach the real high from 1980 for a variety of important fundamental reasons – such as global debt levels, global demographics and geopolitical, macroeconomic, monetary and systemic risk.

Money Creating Central Banks May Push Gold to New Nominal Record in 2012

(cont'd)

Odysseus
02-01-2012, 08:37 AM
Hah, I'm just getting out of precious metals now. It's been an awesome 6 year run!

I think it's got one or two more years left. Check out the Sharp's ratios.

Odysseus
02-01-2012, 08:41 AM
Got to have a set to trade these days anyway. :~ohyah!:
I don't think there is bottom yet either but there are properties out there that are hard to pass up. I bought a another bank owned two years ago and am glad I did. The price on a lot these places are so low that they will pay off nicely someday.
You can always fix them up just enough to rent for now (to cover your expenses) and sell down the road.

I don't know. A chic I know is pulling $5,000-10,000 per month from trades while her husband baby sits around the house. :curtsey:

----

I am into real estate investing as well but I am extremely cautious.

http://seekingalpha.com/article/327112-why-home-prices-have-much-further-to-fall

Why Home Prices Have Much Further To Fall
26 comments | January 31, 2012


There has been a deluge of articles recently about the upticks in the housing data. The consensus is that these data points are surely pointing, finally, to a bottom in the depressing decline of real estate. Let me acknowledge that I do not dispute the improvement in the data regarding home starts, permits, pending sales, etc., however, let's be clear that all of these data points are still mired at very depressed levels. So, while optimism is certainly always a welcome thing, for the average American, the world is quite different.

(Note: I suggest a review of recent posts on Housing Is Not Affordable and The Margin Effect for more background on why housing is going to be in the trenches much longer than expected)

The point I want to specifically address today is home prices. After the past few bloody years of price declines, and repeated calls of a housing bottom each year, 2012 proves to be no different with yet more calls for a bottom. However, why shouldn't there be? Home prices have declined, according to our NAR/Core Logic Composite Index (an average of the two), by a whopping 36%. Interest rates are at their lowest levels ever and you can still get low down payment mortgage if you can qualify. (That last part is a bit tricky though.) Therefore, the assumption is that if home building is stabilizing then it is only a function of time until home prices began to rise as well. Right? Not so fast.

People Buy Payments - Not Houses

When the average American family sits down to discuss buying a home they do not discuss buying a $125,000 house. What they do discuss is what type of house they need such as a three bedroom house with two baths, a two car garage and a yard. That is the dream part. The reality of it smacks them in the face, however, when they start reconciling their monthly budget.

Here is a statement I hae not heard discussed by the media. People do not buy houses - they buy a payment. The payment is ultimately what drives how much house they buy. Why is this important? Because it is all about interest rates.

(con'td)

Odysseus
02-01-2012, 08:48 AM
It's gone up every year, like walking up a hill with a yo-yo. Long term investors have their eyes on the hill. The only time to look at the yo-yo is when buying on the dips. :)

Gold is tied to declining dollar and increasing oil prices but there are other currency factors where people are repositioning into Gold.

I think of Gold like Apple stock. It's a strong buy for a strong short run.

Anybody jumping on the Facebook IPO?

Garcia Bronco
02-01-2012, 08:56 AM
Gold is tied to declining dollar and increasing oil prices but there are other currency factors where people are repositioning into Gold.

I think of Gold like Apple stock. It's a strong buy for a strong short run.

Anybody jumping on the Facebook IPO?

I am in cash right now. I am waiting for a 5 to 10 percent drop before I get back in.

alkemical
02-01-2012, 09:46 AM
http://gizmodo.com/5881223/reminder-the-5-billion-facebook-ipo-wont-make-you-rich

mhgaffney
02-02-2012, 03:21 PM
Gold is tied to declining dollar and increasing oil prices but there are other currency factors where people are repositioning into Gold.

I think of Gold like Apple stock. It's a strong buy for a strong short run.

Anybody jumping on the Facebook IPO?

Long story short: hell no.

I just bought gold - and soon will buy stock in two rare earth mines.

Facebook is here today but it will be gone tomorrow.

Meck77
02-03-2012, 09:34 AM
looks like it may not go up this year...only $150 higher than what it started the year at. Its below its 200 moving day average. I still think we see sub $1K

*shakes head*

As I type this gold is up 28.37% from this very day last year.

You still have time to get on the "slow/boring" train before buying gold/silver really go mainstream.

http://money.cnn.com/2012/02/03/pf/states_currencies/index.htm?source=cnn_bin

You called for $1,000 gold. lol I sold 6 damn goats in aurora for close to that recently. An ounce of gold for a grand. No way.

Odysseus
02-03-2012, 12:20 PM
I am in cash right now. I am waiting for a 5 to 10 percent drop before I get back in.

That sounds like a good move. I am not sure if it is going to spike, dive and then trend or trend upwards on a stable climb. It's worth watching.

Silver seems off on the Sharp's ratio compared to gold but there are some pretty interesting returns on precious metals ETF.

Odysseus
02-03-2012, 12:25 PM
Long story short: hell no.

I just bought gold - and soon will buy stock in two rare earth mines.

Facebook is here today but it will be gone tomorrow.

Any stock tips you care to share?

I think Haliburton is a buy. HAL has some interesting prospects as an alternative to XOM.

I think AAPL is almost peaked but worth a buy. It's an expensive stock.

REITS are still paying high dividends but you have to watch the news.

Odysseus
02-03-2012, 12:31 PM
*shakes head*

As I type this gold is up 28.37% from this very day last year.

You still have time to get on the "slow/boring" train before buying gold/silver really go mainstream.

http://money.cnn.com/2012/02/03/pf/states_currencies/index.htm?source=cnn_bin

You called for $1,000 gold. lol I sold 6 damn goats in aurora for close to that recently. An ounce of gold for a grand. No way.

Gold going up seems to be attached to strength of dollar and price of oil. It depends on if the dollar is at risk of deflation or hyperinflation. I don't think that world interests would do well with either dollar scenario.

Odysseus
02-03-2012, 12:34 PM
http://gizmodo.com/5881223/reminder-the-5-billion-facebook-ipo-wont-make-you-rich

This is a pretty good link. I am surprised that it did not mention Goldman Sachs. Goldman Sachs seems to be in bed with all the players right now. Since Goldman owns a healthy chunk of New York times I wonder how much influence they have over media.

alkemical
02-08-2012, 07:30 AM
http://www.forbes.com/sites/gordonchang/2012/01/29/why-are-the-chinese-buying-record-quantities-of-gold/

Why Are the Chinese Buying Record Quantities of Gold?

alkemical
02-08-2012, 07:32 AM
This is a pretty good link. I am surprised that it did not mention Goldman Sachs. Goldman Sachs seems to be in bed with all the players right now. Since Goldman owns a healthy chunk of New York times I wonder how much influence they have over media.

Kinda like how Monsanto keeps their names off of products. I'm not sure how much influence they weild, beyond - you know - being PM of italy.

This goes back to how much of the information is shaped to the reality that your corporate sponsors want you to see.

I maintain the position that I can read things, but with out experiencing them directly, the information i receive is always suspect.

Odysseus
02-09-2012, 11:27 PM
Kinda like how Monsanto keeps their names off of products. I'm not sure how much influence they weild, beyond - you know - being PM of italy.

This goes back to how much of the information is shaped to the reality that your corporate sponsors want you to see.

I maintain the position that I can read things, but with out experiencing them directly, the information i receive is always suspect.

Agreed.

That is why it is always better to take a "naive" look at things and see if you can see something that you didn't see before.

The real world is a complicated place where everything is a shade of gray. You can read all you want but if you don't ask questions you will never uncover what you know or don't know.

Most people are more scared of being wrong than learning anything.

Right now oil is at an all time low. Oil, oddly enough, seems to go opposite of gold prices. American dollar gets weak and gold gets strong.

Gas prices are high because they are trying to shore up profits they lost and provide themselves better profit margins in case oil spikes.

China plans for their future. America just reacts. It's too be we are so short sighted and have such a weak memory of the past.

Odysseus
02-09-2012, 11:37 PM
I am in cash right now. I am waiting for a 5 to 10 percent drop before I get back in.

I went to cash before the market crapped in 2008. I was in ETF at the time and didn't like the sudden global trend downward. I pushed in heavy with blue chips and reversed my emerging market position for 2012.

Right now is good time to catch a blip upwards.

Does anybody have any understanding on why AAPL (Apple) is still a rocket to the moon? People were calling me out on Apple when it was $191. Apple is at $493 and still rising. I have it. I get it but I don't get it. When is this monster going to top out? Apple is like gold stock.

lonestar
02-10-2012, 12:28 AM
I went to cash before the market crapped in 2008. I was in ETF at the time and didn't like the sudden global trend downward. I pushed in heavy with blue chips and reversed my emerging market position for 2012.

Right now is good time to catch a blip upwards.

Does anybody have any understanding on why AAPL (Apple) is still a rocket to the moon? People were calling me out on Apple when it was $191. Apple is at $493 and still rising. I have it. I get it but I don't get it. When is this monster going to top out? Apple is like gold stock.

I suspect that everyone is hoping they split the shares and want to get onboard before they do.

alkemical
02-10-2012, 06:18 AM
Agreed.

That is why it is always better to take a "naive" look at things and see if you can see something that you didn't see before.

The real world is a complicated place where everything is a shade of gray. You can read all you want but if you don't ask questions you will never uncover what you know or don't know.

Most people are more scared of being wrong than learning anything.

Right now oil is at an all time low. Oil, oddly enough, seems to go opposite of gold prices. American dollar gets weak and gold gets strong.

Gas prices are high because they are trying to shore up profits they lost and provide themselves better profit margins in case oil spikes.

China plans for their future. America just reacts. It's too be we are so short sighted and have such a weak memory of the past.



I have this friend who pretty much only listens to Alex Jones for his "news". Everything is always "the globalists this, or the Illuminati that". We both work for large "state" entities. I asked him, what Illuminati conspiracy is he being a part of? Obviously I know what part of the conspiracy i'm part of. :)


I've noticed that Oil & Gold react differently. I never understood how some of the speculation mechanisms worked...mostly due to the fact that it's not my "trade", and I don't have any influence to gain introspection into the "why's".

I'm trying to direct long term thinking to the culture directly around me.

I've been applying some new philosophies, and it appears that they are successful.

5GW is how i'm running part of the biz i'm invested in now. :)

alkemical
02-10-2012, 06:19 AM
I went to cash before the market crapped in 2008. I was in ETF at the time and didn't like the sudden global trend downward. I pushed in heavy with blue chips and reversed my emerging market position for 2012.

Right now is good time to catch a blip upwards.

Does anybody have any understanding on why AAPL (Apple) is still a rocket to the moon? People were calling me out on Apple when it was $191. Apple is at $493 and still rising. I have it. I get it but I don't get it. When is this monster going to top out? Apple is like gold stock.

The Cult of Apple!

Odysseus
02-10-2012, 02:04 PM
The Cult of Apple!

That has to be it!

Odysseus
02-10-2012, 02:18 PM
http://www.streetinsider.com/Insiders+Blog/Gold+Is+for+Fools%2C+Invest+in+Stocks+-+Buffett/7153493.html

Warren Buffett is against gold because it does not have an expanding pool of buyers.

mhgaffney
02-10-2012, 05:15 PM
For the record, the fed announced QE-3 two weeks ago.

They plan to deal with the debt problem by ramping up the printing presses -

We will see untold billions of newly printed dollars in circulation.

The dollar will erode before our eyes -- as it has been doing since 2000.

Answer: put your dollars into things that have real lasting value -- before it's too late.

MHG

baja
02-10-2012, 06:05 PM
Apple is about to fall from the tree. They will be out teched and their guru is dead....

mhgaffney
02-10-2012, 08:11 PM
Welcome back baja.

Odysseus
02-11-2012, 07:36 PM
Apple is about to fall from the tree. They will be out teched and their guru is dead....

The trick to Apple is applications and their software. Who do you think is going to out tech them? RIM is bleeding everywhere. HP isn't ready for that kind of fight. I don't disagree that Apple is ripe fo the picking but I don't know specifics as to who is threat to them.

Odysseus
02-11-2012, 07:40 PM
http://goldsilverprice.net/2011/03/21/where-is-the-demand-for-gold-and-silver-coming-from/

Is anybody buying oil as a commodity right now? If we've reached peak oil why is Oil as a commodity not a buy?

Odysseus
02-11-2012, 08:28 PM
Gold ETF is one way to buy gold without buying gold.
http://etf.about.com/od/typesofetfs/tp/Types_of_Gold_ETFs.htm

Here is a review that believes investing in gold is better than oil.
http://seekingalpha.com/article/257890-investing-in-calamity-gold-vs-oil

FYI:
If you really do not believe gold is rising there are Bear oriented stocks where you can bet against gold and get paid for considerig gold is going down. If you really think gold is going down put some money on that! :)

mosca
02-12-2012, 05:25 AM
The trick to Apple is applications and their software. Who do you think is going to out tech them? RIM is bleeding everywhere. HP isn't ready for that kind of fight. I don't disagree that Apple is ripe fo the picking but I don't know specifics as to who is threat to them.
The only threat to them that I see is Google. They've had a similar success-story as Apple in recent years.

baja
02-12-2012, 08:23 AM
The trick to Apple is applications and their software. Who do you think is going to out tech them? RIM is bleeding everywhere. HP isn't ready for that kind of fight. I don't disagree that Apple is ripe fo the picking but I don't know specifics as to who is threat to them.



How the hell are ya Quietiger

I have a good friend who is rech in the extreme and he kills the market. He has a fortune invested in short selling Apple. I don't know where he gets his info but he told me to load up on puts for Apple next month. He is rarely wrong when he bets this big and would not offer a tip to me if he were not pretty sure about this.

Personally I think with the loss of Jobs they lost their mojo. so I'm in. In fact he put me in for 5 Gs which I thought was a beautiful gester to a friend.

Take this for what it is worth, speculation.

PS typing this in the sun so excuse the bad typing...

elsid13
02-12-2012, 08:47 AM
The only threat to them that I see is Google. They've had a similar success-story as Apple in recent years.

But there is major difference. Apple completely owns it supply chain and all the product (from design to it's sell point), Google is dependent on others and any and all risk in everyone supple chains. It is very interesting business case, can Google and "virtual" network partnership overcome network sole source provider.

mhgaffney
02-12-2012, 03:21 PM
http://goldsilverprice.net/2011/03/21/where-is-the-demand-for-gold-and-silver-coming-from/

Is anybody buying oil as a commodity right now? If we've reached peak oil why is Oil as a commodity not a buy?

I don't believe the theory of peak oil.

Oil is not a fossil fuel -- it is being continually created deep within the earth. Supply is much greater than we have been led to believe. No danger of running out anytime soon.

That said- -the easy to get oil will run out. They say that in Iraq all you have to do is stick a straw in the ground.

BP was going after really deep oil in the Gulf when they blew the hole.

Odysseus
02-12-2012, 03:40 PM
The only threat to them that I see is Google. They've had a similar success-story as Apple in recent years.

Google took an 8% dump. I threw some money at it. Google is a buy and hold. The market was being short sighted.

I don't see Android causing iFone any real problems for awhile.

Odysseus
02-12-2012, 03:43 PM
How the hell are ya Quietiger

I have a good friend who is rech in the extreme and he kills the market. He has a fortune invested in short selling Apple. I don't know where he gets his info but he told me to load up on puts for Apple next month. He is rarely wrong when he bets this big and would not offer a tip to me if he were not pretty sure about this.

Personally I think with the loss of Jobs they lost their mojo. so I'm in. In fact he put me in for 5 Gs which I thought was a beautiful gester to a friend.

Take this for what it is worth, speculation.

PS typing this in the sun so excuse the bad typing...

Send me his info. You have my curiosity.

Odysseus
02-12-2012, 03:47 PM
But there is major difference. Apple completely owns it supply chain and all the product (from design to it's sell point), Google is dependent on others and any and all risk in everyone supple chains. It is very interesting business case, can Google and "virtual" network partnership overcome network sole source provider.

Apple gets a lot of it's best designs from it's open source community. Apple's lower development costs combined with it's deep pockets make it an intriguing business model.

No business model is perfect. A&P dominated grocery store business for many years and then suddenly disappeared like White Castle, Packard, and Studebaker.

Odysseus
02-12-2012, 03:48 PM
How the hell are ya Quietiger

I have a good friend who is rech in the extreme and he kills the market. He has a fortune invested in short selling Apple. I don't know where he gets his info but he told me to load up on puts for Apple next month. He is rarely wrong when he bets this big and would not offer a tip to me if he were not pretty sure about this.

Personally I think with the loss of Jobs they lost their mojo. so I'm in. In fact he put me in for 5 Gs which I thought was a beautiful gester to a friend.

Take this for what it is worth, speculation.

PS typing this in the sun so excuse the bad typing...

Definition: Put Option
http://en.wikipedia.org/wiki/Put_option

Fedaykin
02-12-2012, 03:51 PM
The trick to Apple is applications and their software. Who do you think is going to out tech them? RIM is bleeding everywhere. HP isn't ready for that kind of fight. I don't disagree that Apple is ripe fo the picking but I don't know specifics as to who is threat to them.

Apple has lost their best asset: the guy who knew what inventions to embrace.

Apple isn't a company that invents things, it's a company that takes the inventions of others and packages them nicely. Their OS, their hardware, their Phones -- everything -- was invented somewhere else.

The question is, can someone step up and do as good a job as Jobs at picking the winners?

mhgaffney
02-12-2012, 03:54 PM
My take on equities is as follows.

(You may not want to hear this -- but here it comes anyway.)

Very risky time for stocks in general. I would not go there -- except in very special circumstances.

I have invested $12,000 in two rare earth mines -- in Australia. They are supposed to start producing rare earth elements this year. The only other production of these increasingly important elements is under Chinese control.

China had a corner on the market on rare earths for years. They priced the stuff so low -- that no one could complete. We had a mine in the Mojave that had to shut down.

Then, 14 months ago -- the Chinese announced a sharp decrease in their exports. They are obviously trying to protect their own high tech.

The rare earths are being used increasingly in cells phones, computers, LED lights, wind generator turbines etc etc/

The demand at present is virtually unlimited -- with very limited supply. Other nations are trying to gear up to produce. There's a rush on -- but it takes years to bring a mine into production. The US mine on the Mojave is hampered by red tape -- EPA regs -- and will not get back into production for years.

If the two mines down under start producing as expected -- the stock will have to go up. No where else to go.

It's risky -- but a reasonable gamble. The payoff could be huge.

MHG

Odysseus
02-12-2012, 04:04 PM
My take on equities is as follows.

(You may not want to hear this -- but here it comes anyway.)

Very risky time for stocks in general. I would not go there -- except in very special circumstances.

I have invested $12,000 in two rare earth mines -- in Australia. They are supposed to start producing rare earth elements this year. The only other production of these increasingly important elements is under Chinese control.

China had a corner on the market on rare earths for years. They priced the stuff so low -- that no one could complete. We had a mine in the Mojave that had to shut down.

Then, 14 months ago -- the Chinese announced a sharp decrease in their exports. They are obviously trying to protect their own high tech.

The rare earths are being used increasingly in cells phones, computers, LED lights, wind generator turbines etc etc/

The demand at present is virtually unlimited -- with very limited supply. Other nations are trying to gear up to produce. There's a rush on -- but it takes years to bring a mine into production. The US mine on the Mojave is hampered by red tape -- EPA regs -- and will not get back into production for years.

If the two mines down under start producing as expected -- the stock will have to go up. No where else to go.

It's risky -- but a reasonable gamble. The payoff could be huge.

MHG

The best time to invest in equities is when the market is scared. Fear makes millionaries just like it makes paupers. The trick is not being greedy, selfish, or short sighted. Get a reasonable profit and then walk away.

Does this have a stock ticker? How do you invest in this? Do they have a website? I don't do risky. I like to look. If I watch 100 stocks I might invest in 5 or 10 of them. I like watching sectors and taking a look at investment ideas. I am not a gambler. I don't run into burning buildings without having an exit strategy.

baja
02-12-2012, 04:33 PM
Send me his info. You have my curiosity.

Can't do that. He is a friend and a very private person.

baja
02-12-2012, 04:39 PM
Definition: Put Option
http://en.wikipedia.org/wiki/Put_option

Not sure why you are telling me this. I know less about the stock market than that grapefruit you ate for breakfast. I was offering the opinion of a very successful friend. Then you ask me to send you his info. Like that's gonna happen...

mhgaffney
02-12-2012, 05:06 PM
The best time to invest in equities is when the market is scared. Fear makes millionaries just like it makes paupers. The trick is not being greedy, selfish, or short sighted. Get a reasonable profit and then walk away.

Does this have a stock ticker? How do you invest in this? Do they have a website? I don't do risky. I like to look. If I watch 100 stocks I might invest in 5 or 10 of them. I like watching sectors and taking a look at investment ideas. I am not a gambler. I don't run into burning buildings without having an exit strategy.

Mining is almost by definition considered risky, i.e., speculation.

I'm OK with that because a friend -- a very successful businessman -- spent a lot of time researching the rare earths. He has invested a heck of a lot more money $ in rare earths than I did.

I am not giving away his hard won research on the OM. However, you can easily check it out yourself - -via google. There are only a very limited number of rare earth mines/dealers/sellers on the planet. Start googling -- and then check out the individual companies.

If you discover --as you may -- that Toyota and JP Morgan have invested heavily in a particular rare earth company -- your search is over.

Good luck.

MHG

Odysseus
02-13-2012, 04:43 AM
Too funny!

Arkie
02-13-2012, 05:33 AM
The best time to invest in equities is when the market is scared. Fear makes millionaries just like it makes paupers. The trick is not being greedy, selfish, or short sighted. Get a reasonable profit and then walk away.

Does this have a stock ticker? How do you invest in this? Do they have a website? I don't do risky. I like to look. If I watch 100 stocks I might invest in 5 or 10 of them. I like watching sectors and taking a look at investment ideas. I am not a gambler. I don't run into burning buildings without having an exit strategy.

Keep track of the VIX (fear index) Fear had been low all year, but it shot up Friday. Stocks sell off when the fear goes up.

http://chart.finance.yahoo.com/z?s=%5eVIX&t=1y&q=l&l=on&z=l&c=%5EGSPC&a=v&p=s&lang=en-US&region=US

Meck77
02-13-2012, 06:46 AM
I see the gold thread is getting tainted with paper. ;D

Odysseus
02-13-2012, 11:11 AM
Keep track of the VIX (fear index) Fear had been low all year, but it shot up Friday. Stocks sell off when the fear goes up.

http://chart.finance.yahoo.com/z?s=%5eVIX&t=1y&q=l&l=on&z=l&c=%5EGSPC&a=v&p=s&lang=en-US&region=US

VIX is a pretty smart indicator to track.

AAPL shot up 1.50% so far. VIX is down 6.45% so far today. Gold is up and Silver is up.

I know...it's only Monday! :)

Odysseus
02-13-2012, 11:12 AM
I see the gold thread is getting tainted with paper. ;D

Hamilton would be so proud!

The best way, in my opinion, to invest in gold is as paper (ETF, ETN, etc.)

Garcia Bronco
02-13-2012, 11:36 AM
Hamilton would be so proud!

The best way, in my opinion, to invest in gold is as paper (ETF, ETN, etc.)

That's all shiat IMO. Those ETF's like GLD don't actually have the gold to cover the paper...and what good is that going to do you if you actually need the gold?

Odysseus
02-13-2012, 12:24 PM
That's all shiat IMO. Those ETF's like GLD don't actually have the gold to cover the paper...and what good is that going to do you if you actually need the gold?

Understood! It depends on what you want to do.

What would you do with a bar of gold if you had one? What situation would happen where gold would benefit you?

Garcia Bronco
02-13-2012, 12:32 PM
Understood! It depends on what you want to do.

What would you do with a bar of gold if you had one? What situation would happen where gold would benefit you?

A rare situation to be sure.

Odysseus
02-13-2012, 01:06 PM
A rare situation to be sure.

True. I like to get people's perspectives on this.

I don't mind investing in other people. I think there is an art to it. A friend of mine is getting a consistent 17% annual. I posted this before and was flogged.

http://www.prosper.com/

Meck77
02-22-2012, 09:32 AM
Hamilton would be so proud!

The best way, in my opinion, to invest in gold is as paper (ETF, ETN, etc.)

Really. Well Obama is about to sink his teeth into the paper trader pockets.

http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?m od=WSJ_article_comments#articleTabs%3Darticle

Arkie
02-22-2012, 11:12 AM
Gold has soared to $1772 in a span of minutes.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Gold%202.22.jpg

Odysseus
02-22-2012, 02:11 PM
Really. Well Obama is about to sink his teeth into the paper trader pockets.

http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?m od=WSJ_article_comments#articleTabs%3Darticle

After getting donkey punched like that it is hard not to get pissed at this stupid move.

Odysseus
02-22-2012, 02:12 PM
Gold has soared to $1772 in a span of minutes.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Gold%202.22.jpg

I'm RIIIIICH BIOACTH!

alkemical
02-22-2012, 02:29 PM
Congrats Ody!

Odysseus
02-22-2012, 03:12 PM
Congrats Ody!

I am kidding! :giggle:

Odysseus
02-23-2012, 11:11 AM
The Cult of Apple!

I kind of figured out what Baja's secret friend is doing. I like his strategy. If it works I need to fly down to Mexico and thank Baja's secret friend personally.

alkemical
02-23-2012, 11:20 AM
werd

Odysseus
02-23-2012, 11:34 AM
werd

Maybe I should thank him secretly?

alkemical
02-23-2012, 11:42 AM
Maybe I should thank him secretly?

Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $. :D

baja
02-23-2012, 11:43 AM
I except gold and seeds ;D

alkemical
02-23-2012, 11:43 AM
Maybe one day some of ya'll can share some secrets with me. :)

baja
02-23-2012, 11:46 AM
Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $. :D

My (secret) friend has the mediphysical figured out. He waked into a casino a few years back and was playing one of the big pay slots was about to leave and his gut told him to play one more pull. He won 1.5 million that next pull.

alkemical
02-23-2012, 11:50 AM
My (secret) friend has the mediphysical figured out. He waked into a casino a few years back and was playing one of the big pay slots was about to leave and his gut told him to play one more pull. He won 1.5 million that next pull.

So what you're saying is i need to come to baja for some dinner & convo.

:D

Odysseus
02-23-2012, 12:01 PM
Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $. :D

Investment strategy:
Get a paper route. Save $1000 a month from the paper route. At the end of the year you have $12,000 to invest. Put the money with a trading account. Do this for three years. At the end of three years you have studied the market three years, saving $36,000, talked to numerous people about crap you know nothing about and then, by some miracle you will have defeated inertia and have a stake at the big table. Viola!

I am not a savvy stock trader. I am not a brilliant investment strategist. I am not anybody. I'm just a dude learning this crap same as anybody here. Most people don't want to admit they don't know crap about the market. Many of my mentors have come back to me with humbling stories and asked ME for investing advice. The trick is destroying inertia.

I have had several opportunities to be a millionaire just like you have. Who knows where I could be if I had at least THOUGHT about investing in Microsoft, Apple, or Google early in their inception.

It takes humility to learn this crap. You have to be willing to ask the biggest and dumbest questions you can imagine.

I have a secret friend who is creating his own bank. He is a very private person who is being mentored by some very influential people. He is going to take special care of the investors, like myself, who have invested early. It's like having imaginary friends only better. :) :thumbs:

Odysseus
02-23-2012, 12:03 PM
So what you're saying is i need to come to baja for some dinner & convo.

:D

ROAD TRIP!

baja
02-23-2012, 12:05 PM
So what you're saying is i need to come to baja for some dinner & convo.

:D

You are always welcome Josh, you know that.

BTW the slot machine story is true and it wasn't me darn.

baja
02-23-2012, 12:07 PM
Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $. :D

Actually Tithing is a huge part of my friends success. I never meant a more generous man, ever!

alkemical
02-23-2012, 12:09 PM
Investment strategy:
Get a paper route. Save $1000 a month from the paper route. At the end of the year you have $12,000 to invest. Put the money with a trading account. Do this for three years. At the end of three years you have studied the market three years, saving $36,000, talked to numerous people about crap you know nothing about and then, by some miracle you will have defeated inertia and have a stake at the big table. Viola!

I am not a savvy stock trader. I am not a brilliant investment strategist. I am not anybody. I'm just a dude learning this crap same as anybody here. Most people don't want to admit they don't know crap about the market. Many of my mentors have come back to me with humbling stories and asked ME for investing advice. The trick is destroying inertia.

I have had several opportunities to be a millionaire just like you have. Who knows where I could be if I had at least THOUGHT about investing in Microsoft, Apple, or Google early in their inception.

It takes humility to learn this crap. You have to be willing to ask the biggest and dumbest questions you can imagine.

I have a secret friend who is creating his own bank. He is a very private person who is being mentored by some very influential people. He is going to take special care of the investors, like myself, who have invested early. It's like having imaginary friends only better. :) :thumbs:

I'd rather make cold calls for my Soil & Water remediation product. See, i'm investing in this business with SWEAT. Find an opportunity & build it, right?

It's paying off though - I won't get too public on what's going on - but... long term - in 5 years I am targeting to be sitting well.

I have a product that cleans up messes from Monsanto & Dupont's ****ty pesticides. It also allows farmers to use LESS food to grow plants. It also increases plant health. When using in a water culture (Hydroponics/Aquaponics) - it helps stabilize PH and keeps the system clean. Also helps break down unspent food & salts into bio-available forms of N-P-K. (what does this mean Ody? It means that as a business (food production) - you get more consistent yields + less $ on food spent = more profit)



Now, I just need the market to know it exists.



Oh, did I also mention that this helps break down petro-chemicals in soil & water?

Yeah...

:)

baja
02-23-2012, 12:09 PM
Maybe one day some of ya'll can share some secrets with me. :)

You already know the most important secret, tithing.

Odysseus
02-23-2012, 12:10 PM
Actually Tithing is a huge part of my friends success. I never meant a more generous man, ever!

He should start posting here! The WPR is a bastion of kindness, generosity, and compassion. He would enjoy his time here.

I think it's a lot easier to generous when you have a million dollars. If I gave you $5.00 would you be offended? What if it was all that I had? :)

alkemical
02-23-2012, 12:12 PM
ROAD TRIP!

:ha:

alkemical
02-23-2012, 12:13 PM
Actually Tithing is a huge part of my friends success. I never meant a more generous man, ever!

I don't doubt it - ;)

baja
02-23-2012, 12:14 PM
He should start posting here! The WPR is a bastion of kindness, generosity, and compassion. He would enjoy his time here.

I think it's a lot easier to generous when you have a million dollars. If I gave you $5.00 would you be offended? What if it was all that I had? :)

Tithing is something that comes from the heart, for the love of another. True tithing does not need acknowledging and is given freely without thought of return. It is an act of love.

alkemical
02-23-2012, 12:17 PM
Tithing is something that comes from the heart, for the love of another. True tithing does not need acknowledging and is given freely without thought of return. It is an act of love.

Indeed it is.

Odysseus
02-23-2012, 08:10 PM
Tithing is something that comes from the heart, for the love of another. True tithing does not need acknowledging and is given freely without thought of return. It is an act of love.

Love is taking time with a person who disagrees with you and working it out.

Love is forgiving a person who doesn't understand you for their own ignorance.

Love is giving away information on a WPR forum to people you don't know, who don't care if you live or die and probably don't think much of you anyways.

Money and love are different concerns. How do you measure generosity? Intent? Love?

A guy giving all he has from his tiny little heart should be applauded for his crippled effort as the person capable of saving a person's home or providing them financial advice that will benefit them for the rest of their lives.

Love is humble and is beyond measure.

Odysseus
02-23-2012, 08:11 PM
Love is more precious than gold.....but right now....more gold please!

Arkie
02-23-2012, 09:30 PM
Love is more precious than gold.....but right now....more gold please!

It'll cost ya. I heard you could only build about 1/3 of the Washington monument using all the gold in the world as the building material.

baja
02-23-2012, 09:33 PM
Love is taking time with a person who disagrees with you and working it out.

Love is forgiving a person who doesn't understand you for their own ignorance.

Love is giving away information on a WPR forum to people you don't know, who don't care if you live or die and probably don't think much of you anyways.

Money and love are different concerns. How do you measure generosity? Intent? Love?

A guy giving all he has from his tiny little heart should be applauded for his crippled effort as the person capable of saving a person's home or providing them financial advice that will benefit them for the rest of their lives.

Love is humble and is beyond measure.

Love is understanding there is nothing to forgive.

Odysseus
02-24-2012, 05:10 AM
I'd rather make cold calls for my Soil & Water remediation product. See, i'm investing in this business with SWEAT. Find an opportunity & build it, right?

It's paying off though - I won't get too public on what's going on - but... long term - in 5 years I am targeting to be sitting well.

I have a product that cleans up messes from Monsanto & Dupont's ****ty pesticides. It also allows farmers to use LESS food to grow plants. It also increases plant health. When using in a water culture (Hydroponics/Aquaponics) - it helps stabilize PH and keeps the system clean. Also helps break down unspent food & salts into bio-available forms of N-P-K. (what does this mean Ody? It means that as a business (food production) - you get more consistent yields + less $ on food spent = more profit)

Now, I just need the market to know it exists.

Oh, did I also mention that this helps break down petro-chemicals in soil & water?

Yeah...

:)

The most important investments I make are my friends, family, things I read, and the time I spend learning new things. Money is just a means to having a bigger library.

Odysseus
02-24-2012, 05:16 AM
Love is understanding there is nothing to forgive.

I forgive you for making me throw up in my mouth over your milk thread. :wave:

alkemical
02-24-2012, 05:53 AM
lol

Odysseus
03-11-2012, 05:36 AM
http://goldprice.org/gold-price.html

$1713 USD

Odysseus
03-14-2012, 05:58 AM
Found through Alkemical:

http://www.illuminatirex.com/oil-iran-and-the-us-dollar/

alkemical
03-14-2012, 06:01 AM
I like the work they do.

Meck77
04-12-2012, 11:07 AM
How the hell are ya Quietiger

I have a good friend who is rech in the extreme and he kills the market. He has a fortune invested in short selling Apple. I don't know where he gets his info but he told me to load up on puts for Apple next month. He is rarely wrong when he bets this big and would not offer a tip to me if he were not pretty sure about this.

Personally I think with the loss of Jobs they lost their mojo. so I'm in. In fact he put me in for 5 Gs which I thought was a beautiful gester to a friend.

Take this for what it is worth, speculation.

PS typing this in the sun so excuse the bad typing...

Whoops..Apple stock up over 120 points since your buddy told you to short it.




https://www.google.com/finance?client=ob&q=NASDAQ:AAPL

Garcia Bronco
04-12-2012, 12:59 PM
And it's still a bad investment from the perspective that you can't buy a bunch of it and take possession. It's belief bubble like anything else.

Arkie
04-12-2012, 05:19 PM
It's easier to take possession than silver. A $100,000 investment in gold would be only 60 gold 1 oz coins compared to 3000 silver 1 oz coins. The gold coins are smaller at the same weight too.

baja
04-12-2012, 08:33 PM
TIME TO BUY AGAIN

Odysseus
11-12-2012, 02:19 AM
$1735 per ounce.

Arkie
11-12-2012, 06:54 AM
TIME TO BUY AGAIN

Good call :thumbsup:

mhgaffney
11-12-2012, 01:48 PM
And it's still a bad investment from the perspective that you can't buy a bunch of it and take possession. It's belief bubble like anything else.

The bubble is your head.

Possession of junk silver and gold coins is easy.

As usual -- you are poorly informed.

MHG

Arkie
01-04-2013, 11:15 AM
2000 -- $273.60
2001 -- $279.00
2002 -- $348.20
2003 -- $416.10
2004 -- $438.40
2005 -- $518.90
2006 -- $638.00
2007 -- $838.00
2008 -- $889.00
2009 -- $1096.50
2010 -- $1421.40
2011 -- $1531.00
2012 -- $1675.00

peacepipe
01-04-2013, 11:35 AM
2000 -- $273.60
2001 -- $279.00
2002 -- $348.20
2003 -- $416.10
2004 -- $438.40
2005 -- $518.90
2006 -- $638.00
2007 -- $838.00
2008 -- $889.00
2009 -- $1096.50
2010 -- $1421.40
2011 -- $1531.00
2012 -- $1675.00
Anyone notice the trend,with bad economy gold rises,when this economy gets back on its feet,I'm not going to feel bad for those that bought gold thinking it was a good investment.

mhgaffney
01-04-2013, 12:49 PM
Anyone notice the trend,with bad economy gold rises,when this economy gets back on its feet,I'm not going to feel bad for those that bought gold thinking it was a good investment.

Surely you jest.

Evidently you have been duped into thinking there is a recovery. How can there be a recovery with no jobs? It's just propaganda.

The fed printed $40 billion in QE 3 and gave it to the bankers at zero or near zero interest. Did they invest the cash in the real economy? That might have spurred a true recovery. But no the banksters bought US Treasury bonds which have a guaranteed 2% return.

Free money for them. No new jobs for the people.

As for the gold -- notice when the price started up -- Sept 11, 2001.

Only the plunge protection team has kept the price of gold and silver down. It is being manipulated down here in the US -- while the trend in China, Europe and elsewhere is to move higher.

MHG

peacepipe
01-04-2013, 12:53 PM
Anyone notice the trend,with bad economy gold rises,when this economy gets back on its feet,I'm not going to feel bad for those that bought gold thinking it was a good investment.

Surely you jest.

Evidently you have been duped into thinking there is a recovery. How can there be a recovery with no jobs? It's just propaganda.

The fed printed $40 billion in QE 3 and gave it to the bankers at zero or near zero interest. Did they invest the cash in the real economy? That might have spurred a true recovery. But no the banksters bought US Treasury bonds which have a guaranteed 2% return.

Free money for them. No new jobs for the people.

As for the gold -- notice when the price started up -- Sept 11, 2001.

Only the plunge protection team has kept the price of gold and silver down. It is being manipulated down here in the US -- while the trend in China, Europe and elsewhere is to move higher.

MHG

Yeah,I forgot it's the end of the world,no chance the economy ever rebounds.

peacepipe
01-04-2013, 01:27 PM
http://www.huffingtonpost.com/huff-wires/20130104/us-commodities-review/?utm_hp_ref=homepage&ir=homepage

THEASSOCIATED PRESS | January 4, 2013 04:19 PM EST |

Gold is closing lower for a sixth straight week, its longest losing streak in eight years.

Gold lost $25.70 to settle at $1,648.90 an ounce Friday. It's now 8 percent below the recent peak of $1,792 an ounce it reached on Oct. 4. It rose as high as $1,900 an ounce in August 2011.

The latest decline came after the Federal Reserve released minutes of its December meeting showing that policymakers disagreed over how long to keep a bond-purchase program in place.

Traders inferred the Fed might shorten the program, which could send U.S. interest rates, and therefore the dollar, higher. That in turn would hurt the price of gold, which investors often buy as an alternative to holding dollars.

Other metals fell. Energy prices were mixed. Grains were lower.

mhgaffney
01-04-2013, 03:19 PM
[QUOTE=mhgaffney;3770952]

Yeah,I forgot it's the end of the world,no chance the economy ever rebounds.

You made two statements -- one was right.

You and many others simply will not face reality -- you are being told what you want to hear -- that things are getting better -- and you swallow it.

How can things be better? The problems that created the 2008 melt down were not fixed. If anything -- it's worse now.

The fed keeps kicking the can down the road. Meanwhile they mollify naive people like you via their media outlets (CBS, ABC, CNN etc)

You are also missing the fact that much of the market -- especially gold -- is being manipulated (shorted) downward. The present price is an artifact.

The terrible economy is pushing gold up -- it keeps trying to go up. The plunge protection team has to work overtime t keep it down.

Gold is the weathervane. The fed cannot allow gold to seek its real price. At some point, however, the manipulation will fail - -and gold will soar over 2000/ ounce.

MHG

broncocalijohn
01-04-2013, 03:34 PM
Gold holds it weight in...well, gold. Gold is being bought like people buying Semi auto rifles and that is fear. If I owned gold, I know that if anything happened to the economy of a total crash, I have something that people will want and barter. Useless paper money will be good to burn and keep warm. Gold is that insurance from total fear.

Plus it is shiny and pretty to look at.

peacepipe
01-04-2013, 04:04 PM
[QUOTE=peacepipe;3770955]

You made two statements -- one was right.

You and many others simply will not face reality -- you are being told what you want to hear -- that things are getting better -- and you swallow it.

How can things be better? The problems that created the 2008 melt down were not fixed. If anything -- it's worse now.,

The fed keeps kicking the can down the road. Meanwhile they mollify naive people like you via their media outlets (CBS, ABC, CNN etc)

You are also missing the fact that much of the market -- especially gold -- is being manipulated (shorted) downward. The present price is an artifact.

The terrible economy is pushing gold up -- it keeps trying to go up. The plunge protection team has to work overtime t keep it down.

Gold is the weathervane. The fed cannot allow gold to seek its real price. At some point, however, the manipulation will fail - -and gold will soar over 2000/ ounce.

MHG
People thought the same thing back during the depression, and there were people who thought the same thing during previous recessions. It's sluggish but the economy will get back on its feet.

peacepipe
01-04-2013, 04:07 PM
Gold holds it weight in...well, gold. Gold is being bought like people buying Semi auto rifles and that is fear. If I owned gold, I know that if anything happened to the economy of a total crash, I have something that people will want and barter. Useless paper money will be good to burn and keep warm. Gold is that insurance from total fear.

Plus it is shiny and pretty to look at.
But when the value drops to say 200 dollars an ounce,what then? This country isn't going back to the gold standard nor is the dollar going to become useless.

Arkie
01-04-2013, 06:13 PM
Gold will never go below $1500/oz again.

broncocalijohn
01-04-2013, 07:23 PM
But when the value drops to say 200 dollars an ounce,what then? This country isn't going back to the gold standard nor is the dollar going to become useless.

If you are going to give a scenario, give an accurate one. We all know you love Obama but I don't care who the president is now or in the future, it will not drop to $200 an ounce unless an astroid blows up before hitting earth and sprinkles masses of gold onto the planet (you will need it to repair your homes and cars). We don't need to go back to the gold standard to understand that gold is king of all currency, backed or not. Personally, I would feel a lot better with a standard then trust my Country. I love my God but he isn't going to interfere with the country's currency system. There is a much bigger chance that the dollar will become inflated beyond we can imagine then gold prices drop 80%. You have way too much faith in our country. The one that is trillion dollars in debt.

BABronco
01-08-2013, 09:43 AM
But when the value drops to say 200 dollars an ounce,what then? This country isn't going back to the gold standard nor is the dollar going to become useless.

http://www.infoplease.com/ipa/A0001519.html
No? Look at the chart. Look up to 1913, the creation of the Federal Reserve Bank, and watch your purchasing power decrease. Go to 1970, one year before we were taken off the the gold standard, and watch how much more purchase power you had before.

Now tell me how the dollar is not going to be worthless. According to charts it lost 95% of its value since 1913.

http://www.nma.org/pdf/gold/his_gold_prices.pdf
Since 1971 when Nixon took us off the gold standard an oz of gold was worth $40.62. At the end of 2011 gold was $1,571.52 an oz. From 1912 to 1971 the average price of gold was around $30 an oz.

Do you notice how the value of the dollar has changed for the worse? Do you see the correlation between the value of your dollar and the price of gold?

peacepipe
01-08-2013, 10:01 AM
http://www.infoplease.com/ipa/A0001519.html
No? Look at the chart. Look up to 1913, the creation of the Federal Reserve Bank, and watch your purchasing power decrease. Go to 1970, one year before we were taken off the the gold standard, and watch how much more purchase power you had before.

Now tell me how the dollar is not going to be worthless. According to charts it lost 95% of its value since 1913.

http://www.nma.org/pdf/gold/his_gold_prices.pdf
Since 1971 when Nixon took us off the gold standard an oz of gold was worth $40.62. At the end of 2011 gold was $1,571.52 an oz. From 1912 to 1971 the average price of gold was around $30 an oz.

Do you notice how the value of the dollar has changed for the worse? Do you see the correlation between the value of your dollar and the price of gold?

Keep dreaming.

peacepipe
01-08-2013, 10:04 AM
Gold will never go below $1500/oz again.

Keep thinking that, I'll laugh at the misfortune of those who believe as you when gold prices plummet.

Meck77
01-08-2013, 10:58 AM
Ok peacepipe. Gold is a bad investment. Got it.

Where does a financial guru like you invest his money?

DenverBrit
01-08-2013, 11:25 AM
Ok peacepipe. Gold is a bad investment. Got it.

Where does a financial guru like you invest his money?

Dividend stocks, where the savvy invest. ;D

Meck77
01-08-2013, 11:41 AM
Most people just don't understand golds wealth preservation and inverse relationship with the dollar.

Take today for example. Market's down across the board yet gold is up almost a 1% as I type this. http://www.marketwatch.com/

Well anyway let's see what "hittingthepipe" recommends as a good investment.

Arkie
01-08-2013, 04:05 PM
But when the value drops to say 200 dollars an ounce,what then? This country isn't going back to the gold standard nor is the dollar going to become useless.

And that's one reason why gold goes up year after year. It would stay the same price if it were tied to the dollar.

peacepipe
01-08-2013, 04:13 PM
And that's one reason why gold goes up year after year. It would stay the same price if it were tied to the dollar.

Really,gold was steady at around $400 the 90s,it wasn't skyrocketing until our economy started sinking in the 2000s. Hell it stayed low even through a lot of the 80s.

http://goldratefortoday.org/explaining-gold-rate/

peacepipe
01-08-2013, 04:16 PM
You'll notice the other time we had a spike in gold prices was during another recession in the late 70s & early 80s.

Meck77
01-09-2013, 06:54 AM
You'll notice the other time we had a spike in gold prices was during another recession in the late 70s & early 80s.

I noticed you weren't capable of answering my question.

peacepipe
01-09-2013, 07:19 AM
I noticed you weren't capable of answering my question.

Didn't even know that you had a question,its a great investment if you bought gold in the 90s and sold it in the 2000s. If you held onto it your stuck with it. It's like any stock buy low sell high.

Arkie
01-09-2013, 10:46 AM
Like you posted, Gold is 8% from it's most recent peak. I see this as a buying opportunity. To make the most profit, you buy on the dips during a major bull run. There are still no signs of a long term bear market in gold. The Dow/gold ratio will be close to 1 before it turns around.

baja
01-09-2013, 11:12 AM
Like you posted, Gold is 8% from it's most recent peak. I see this as a buying opportunity. To make the most profit, you buy on the dips during a major bull run. There are still no signs of a long term bear market in gold. The Dow/gold ratio will be close to 1 before it turns around.

Please explain.

Arkie
01-09-2013, 07:08 PM
Please explain.

The Dow/Gold ratio is the DJIA divided by the price of gold/oz. Stocks are the best buy when the ratio begins to rise. Hold stocks for decades as the ratio gets bigger. Keep buying stocks on the dips. It was good time to buy stocks in 1980. The ratio was about 1/1 (866dow/850oz gold)

The best time to buy gold is when that ratio is at it's peak. In hindsight, we know that was 1999-2000 when it was above 40/1. The peaks in the ratio are getting higher. If the dips get lower, it could go below one.

Translation: the trend points at gold eventually trading at a price higher than the dow which is above 13,000 today. It will likely be lower if gold matches or exceeds it, but who knows?

http://politicalmetals.files.wordpress.com/2011/08/dow-gold-ratio_1900.png

cutthemdown
01-10-2013, 05:10 AM
I love the few bars of silver that i have. But i sold my gold to buy things i needed. I only had a couple ounces though. I think if it went to a barter economy i could survive by trading my sax playing. Remember the blind one in Mad maxx Thunderdome that played for Tina Turner? Huh what do you think?