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-   -   Gold is now a bad investment. (http://www.orangemane.com/BB/showthread.php?t=84905)

Garcia Bronco 09-30-2009 12:03 PM

Gold is now a bad investment.
 
It's over bought and over priced and the bubble will burst.

Carry on. :)

Bob 09-30-2009 12:10 PM

Quote:

Originally Posted by Garcia Bronco (Post 2576496)
It's over bought and over priced and the bubble will burst.

Carry on. :)

Where are we today anyway? I dont doubt we will pull back a few times, as it goes upward but the trend will be up until we get spending under control. Do we have spending under control? Nope.

Rohirrim 09-30-2009 12:21 PM

When I first read this I thought it said "Golf is now a bad investment."

SPfloppy 09-30-2009 01:07 PM

Golf is a bad investment? Yep that pretty much sums it up for my game. and yet I play anyway? Hmm an analogy of today's US

loborugger 09-30-2009 01:58 PM

I was thinking the same thing, Garcia.

Gold fluctuates with the dollar. Ie, the dollar goes down, gold goes up.

I read that 90+ percent of investors expect the dollar to go down... usually when everyone lines up on side of the issue, it goes the other way.

Now, I dont think Gold is done for good. I think its just overpriced for right now. With the govt cranking out fiat currency by the tons, I think the long term for gold is good.

SPfloppy 09-30-2009 02:15 PM

The gold standard...on of these days someone in this nation within the Treasury dept will realize what it means

Garcia Bronco 09-30-2009 02:36 PM

Quote:

Originally Posted by loborugger (Post 2576694)
I was thinking the same thing, Garcia.

Gold fluctuates with the dollar. Ie, the dollar goes down, gold goes up.

I read that 90+ percent of investors expect the dollar to go down... usually when everyone lines up on side of the issue, it goes the other way.

Now, I dont think Gold is done for good. I think its just overpriced for right now. With the govt cranking out fiat currency by the tons, I think the long term for gold is good.

I think Gold will go back down.

watermock 09-30-2009 02:47 PM

this is a false rally in stocks.

The market will test 6000 again.

Garcia Bronco 09-30-2009 03:32 PM

Quote:

Originally Posted by watermock (Post 2576765)
this is a false rally in stocks.

The market will test 6000 again.

A rally is something that happens over a short period of time which I woudl call a month. We've had over a quarter. It can go down at any time. But I think we are past the point of a "rally"

watermock 09-30-2009 04:30 PM

Alot of ARMs reset next month in commercial paper,AND resdential.

loborugger 09-30-2009 05:52 PM

Quote:

Originally Posted by Garcia Bronco (Post 2576753)
I think Gold will go back down.

What do you think it will get down to?

And what do you base that on?

Arkie 10-03-2009 10:50 PM

I think the dow had a six month rally that topped at 9830.

mhgaffney 10-05-2009 09:19 PM

the gold bubble?

You must be an idiot.

baja 10-05-2009 11:05 PM

Quote:

Originally Posted by Garcia Bronco (Post 2576496)
It's over bought and over priced and the bubble will burst.

Carry on. :)

Boy are you in for a surprise in the near future.

Rohirrim 10-06-2009 08:38 AM

Read about all the nations that are ready to dump the dollar and switch to gold. I'm guessing gold goes through the roof. Wish I had some money to buy some.

Arkie 10-07-2009 03:32 PM

Gold's been over $1,040 for 27 hours now.

Garcia Bronco 10-07-2009 03:37 PM

It's going to burst and it's over inflated just like any object. Now if you got in 5 years ago...great, but it's not going to 2000's an ounce. It's no different than oil speculation. Just watch.

Garcia Bronco 10-07-2009 04:03 PM

Quote:

Originally Posted by loborugger (Post 2577030)
What do you think it will get down to?

And what do you base that on?

I think you'll see it go down to 750. It's at an all time high and unless something is fixing the market....it has to go back down.

Arkie 10-07-2009 04:05 PM

We're not even halfway to gold's peak in real terms if you look at the cycle. Think about selling when it's over $2,000.

Meck77 10-07-2009 09:54 PM

Great site to find physical gold in any city USA...

http://www.coininfo.com/coin_dealers/

cutthemdown 10-07-2009 10:34 PM

Quote:

Originally Posted by Arkie (Post 2587859)
We're not even halfway to gold's peak in real terms if you look at the cycle. Think about selling when it's over $2,000.

When will that be 2030? Certainly you don't expect a 100% increase do you? I mean anytime soon?

Gold won't go much higher and will stay around 1000.

TexanBob 10-07-2009 11:05 PM

Ian Gold? I agree. Bad value. Ha!

baja 10-08-2009 01:18 AM

Quote:

Originally Posted by Garcia Bronco (Post 2587853)
I think you'll see it go down to 750. It's at an all time high and unless something is fixing the market....it has to go back down.

I like you Garcia but I gotta tell ya you are mistaken so very often on this forum.

cutthemdown 10-08-2009 03:43 AM

It wont sink to 750.00 I think it will continue to go above 1000, then down to say 900, then back up.

IMO predicting 2000 is a huge reach.

Garcia Bronco 10-08-2009 06:06 AM

Quote:

Originally Posted by baja (Post 2588354)
I like you Garcia but I gotta tell ya you are mistaken so very often on this forum.

Not often at all. It's a commodity just like oil. And it'll burst just like oil. So if you are getting now you'll lose money.


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