Gold is now a bad investment. - The Orange Mane

Garcia Bronco · 09-30-2009, 11:03 AM

It's over bought and over priced and the bubble will burst.

Carry on.

Bob · 09-30-2009, 11:10 AM

Quote:

Originally Posted by Garcia Bronco

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, 11:21 AM

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

SPfloppy · 09-30-2009, 12:07 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, 12:58 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, 01:15 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, 01:36 PM

Quote:

Originally Posted by loborugger

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, 01:47 PM

this is a false rally in stocks.

The market will test 6000 again.

Garcia Bronco · 09-30-2009, 02:32 PM

Quote:

Originally Posted by watermock

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, 03:30 PM

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

loborugger · 09-30-2009, 04:52 PM

Quote:

Originally Posted by Garcia Bronco

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, 09:50 PM

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

mhgaffney · 10-05-2009, 08:19 PM

the gold bubble?

You must be an idiot.

baja · 10-05-2009, 10:05 PM

Quote:

Originally Posted by Garcia Bronco

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, 07:38 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, 02:32 PM

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

Garcia Bronco · 10-07-2009, 02:37 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, 03:03 PM

Quote:

Originally Posted by loborugger

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, 03:05 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, 08:54 PM

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

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

cutthemdown · 10-07-2009, 09:34 PM

Quote:

Originally Posted by Arkie

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, 10:05 PM

Ian Gold? I agree. Bad value.

baja · 10-08-2009, 12:18 AM

Quote:

Originally Posted by Garcia Bronco

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, 02:43 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, 05:06 AM

Quote:

Originally Posted by baja

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.

09-30-2009, 11:03 AM	#1
Garcia Bronco Hokie since 1993 Join Date: Apr 2001 Location: Denver, CO Posts: 45,991 Adopt-a-Bronco: Tom Jackson	Gold is now a bad investment. It's over bought and over priced and the bubble will burst. Carry on.

09-30-2009, 01:47 PM	#8
watermock "Hoodie Jr" "Hug me!" Join Date: Jul 2001 Location: Hot Springs, Ouachitah Posts: 77,090	this is a false rally in stocks. The market will test 6000 again. Last edited by watermock; 09-30-2009 at 01:53 PM..

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09-30-2009, 11:21 AM	#3
Rohirrim Partisan Human Cannonball Join Date: Jan 2003 Location: Twixt Hell & Highwater Posts: 48,842	When I first read this I thought it said "Golf is now a bad investment."

09-30-2009, 12:07 PM	#4
SPfloppy Perennial Pro-bowler Join Date: May 2006 Posts: 880	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

09-30-2009, 12:58 PM	#5
loborugger lost in the ether Did we finally get a FB??? Join Date: Jan 2003 Location: The 'cuse Posts: 5,783 Adopt-a-Bronco: Peyton Hillis	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.

09-30-2009, 01:15 PM	#6
SPfloppy Perennial Pro-bowler Join Date: May 2006 Posts: 880	The gold standard...on of these days someone in this nation within the Treasury dept will realize what it means

09-30-2009, 03:30 PM	#10
watermock "Hoodie Jr" "Hug me!" Join Date: Jul 2001 Location: Hot Springs, Ouachitah Posts: 77,090	Alot of ARMs reset next month in commercial paper,AND resdential.

10-03-2009, 09:50 PM	#12
Arkie Ring of Famer Gggggrrrrrr rrrraaaahhh Arrrrhhhn. Join Date: Oct 2003 Posts: 9,083 Adopt-a-Bronco: Quinton Carter	I think the dow had a six month rally that topped at 9830.

10-05-2009, 08:19 PM	#13
mhgaffney Ring of Famer Join Date: Apr 2006 Posts: 9,776	the gold bubble? You must be an idiot.

10-06-2009, 07:38 AM	#15
Rohirrim Partisan Human Cannonball Join Date: Jan 2003 Location: Twixt Hell & Highwater Posts: 48,842	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.

10-07-2009, 02:32 PM	#16
Arkie Ring of Famer Gggggrrrrrr rrrraaaahhh Arrrrhhhn. Join Date: Oct 2003 Posts: 9,083 Adopt-a-Bronco: Quinton Carter	Gold's been over $1,040 for 27 hours now.

10-07-2009, 02:37 PM	#17
Garcia Bronco Hokie since 1993 Join Date: Apr 2001 Location: Denver, CO Posts: 45,991 Adopt-a-Bronco: Tom Jackson	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.

10-07-2009, 03:05 PM	#19
Arkie Ring of Famer Gggggrrrrrr rrrraaaahhh Arrrrhhhn. Join Date: Oct 2003 Posts: 9,083 Adopt-a-Bronco: Quinton Carter	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.

10-07-2009, 08:54 PM	#20
Meck77 Ring of Famer Join Date: Sep 2002 Posts: 16,312	Great site to find physical gold in any city USA... http://www.coininfo.com/coin_dealers/

10-07-2009, 10:05 PM	#22
TexanBob Don't Argue With Me You Know I'm Right Join Date: Jan 2004 Location: Austin, TX Posts: 5,023 Adopt-a-Bronco: Darris Nash	Ian Gold? I agree. Bad value.

10-08-2009, 02:43 AM	#24
cutthemdown A verbis ad verbera Zimm to HOF Join Date: Mar 2006 Location: Long Beach Posts: 32,486	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.