Gold is now a bad investment. - Page 4 - The Orange Mane

That One Guy · 02-14-2011, 05:16 PM

Quote:

Originally Posted by chadta

Sounds like a conflict of interest to me, i mean since you've cornered the market on stupid posts, i think its wrong that you should now benefit from them.

Well said.

loborugger · 02-14-2011, 05:28 PM

Quote:

Originally Posted by Meck77

Should be interesting when congress votes to raise the debt ceiling in April. The stock market is artificially being pushed up by the institutional buyers. Gold has had a nice little pull back. Time to get in if you can.....

http://www.nytimes.com/2011/02/12/us...html?src=twrhp

AK are you still shorting gold or silver?

14 trilliion, 15, trillion, 20 trillion in debt? It's not going to work folks.....

I have been reading articles that in attempts to manipulate the market and keep silver artificially low, JP Morgan has over the years shorted more silver than exists on the planet. Historically, silver has been at a value of 1/16th that of gold. However, now, its about 1/48th the value of gold. Silver has some real upside right now, in spite of the fact that many want the value of precious metals to go away.

mhgaffney · 02-14-2011, 07:12 PM

We'll see who's laughing in 12-16 months when the dollar bites the dust.

W*GS · 02-14-2011, 07:16 PM

Quote:

Originally Posted by mhgaffney

We'll see who's laughing in 12-16 months when the dollar bites the dust.

Your predictions are as credible as Miss Cleo's.

Wasn't Teheran supposed to have been left a smoking crater, thanks to the Jews, months and months ago?

mhgaffney · 02-14-2011, 07:30 PM

Surprise!

The resident troglodyte appears on cue -- out of the woodwork.

Integrate this: Last year Tehran sustained a direct broadside -- an act of by the US /Israel -- as predicted. I refer to the recent cyber attack -- to which many on the OM responded with glee.

The CIA campaign of terror inside Iran continues. We are at war.

At this point -- it can escalate at any moment.

IMO the only factor that has prevented all out warfare -- to date -- is the fact that the Iranians now have a conventional deterrent -- which has caused Israel to have second thoughts.

Iran's IRBMs (intermediate range ballistic missiles) now have GPS guidance systems -- which allows an accuracy of up to 1-3 meters. This means Iran can target Israel's nuclear reactor at Dimona and Israel's nuclear arms and bio weapons stockpiles.

One direct hit -- would contaminate much of Israel -- making it uninhabitable for hundreds -- maybe thousands of years.

We are not talking about Skuds anymore. The stakes have risen in recent years.

The Isarelis are warlike fanatics -- but thankfully they are not stupid.

W*GS · 02-14-2011, 07:54 PM

A video of Tel Aviv underneath an Iranian mushroom cloud would make gaff-o orgasm.

SoCalBronco · 02-14-2011, 08:15 PM

Quote:

Originally Posted by mhgaffney

Sorry to seem selfish -- but this wacko logic on your part is actually going to help put money in my pocket.

Nice Freudian slip there, Gaff. You were talking about gold, but in reality, you were talking to the purchasers of your written material.

Odysseus · 02-14-2011, 10:25 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.

This thread was over in October.

mhgaffney · 02-15-2011, 02:34 AM

Some are saying silver will go above $50/ounce.

Today I heard an old timer say he think it will peak at more than $200/ounce.

If that happens the dollar will be worth less than T paper.

Arkie · 02-15-2011, 10:54 AM

Quote:

Originally Posted by Odysseus

This thread was over in October.

I haven't changed my mind. I think gold will trade above $2000 before it trades below $850. Gold is trading below it's 50 day average ($1372) plus it's relative strength is up 20% this month. It's screaming buy.

edit: It opened below the 50 day average. It's since gone over.

baja · 02-15-2011, 11:45 AM

Quote:

Originally Posted by Arkie

I haven't changed my mind. I think gold will trade above $2000 before it trades below $850. Gold is trading below it's 50 day average ($1372) plus it's relative strength is up 20% this month. It's screaming buy.

edit: It opened below the 50 day average. It's since gone over.

If you don't have remote land with free flowing water and get set up off the grid the gold will do you no good.

Meck77 · 02-15-2011, 04:31 PM

Sorry no link. Newsletter from my gold source.

Gold rose sharply, up $11 today, on the release of the higher than expected UK inflation data. It showed that UK inflation quickened to 26 month highs at 4.0%. Currency debasement and higher food and energy prices are leading to an inflation surge in both developed and emerging markets.

The world’s largest bond fund sharply cut its exposure to US government-related debt in January, before US bond yields rose this month to their highest level in almost a year. Pimco’s Total Return Fund, run by Bill Gross, a founder of Pimco, reported that its holdings of US government-related securities fell from 22 per cent in December to 12 per cent in January.

Inflation. What Inflation?

• Corn futures nearly doubled last year.

• Retail banana prices rose 21 percent.

• A pound of coffee cost $4.15 last year, up 13 percent from the year before.

• Duncan Donuts hiked coffee prices by 9 percent last year, and expects to hike another 10 percent this year.

• Orange juice futures doubled in 2010. An industry trade magazine predicts OJ will soon be a luxury item.

• Retail egg prices rose over 1 percent in 2010. The government projects a 2.5-3.5 percent rise in 2011.

• Retail bacon prices rose 17% in 2010. Retail apple prices rose 7.4% last year.

• The average gallon of milk rose 6.9% to $3.32 last year. The USDA projects a 5% rise this year.

• Wheat futures rose 35% last year.

• Retail cheddar prices rose 8.4% last year to nearly $5 a pound.

• Sara Lee has hiked prices for lunch meats.

• A carton of vine-ripe tomatoes jumped from $7 to $24 last year. A 60-year cold spell in Mexico is expected to double fresh produce costs in coming weeks.

• Sirloin prices rose 5% last year. Tyson says more hikes are coming.

• Although retail potato prices declined 6% last year in the U.S., prices doubled around the world.

• The Russian heat wave drove wheat prices up 47% last year. Miller-Coors plans to raise prices.

The White House projected Monday that the federal deficit would spike to $1.65 trillion in the current fiscal year, the largest dollar amount ever, adding pressure on Democrats and Republicans to tackle growing levels of debt.

The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again. In a new report entitled "Enhancing International Monetary Stability—A Role for the SDR", the IMF details the "problems" with having the U.S. dollar as the reserve currency of the globe and the IMF discusses the potential for a larger role for SDRs (Special Drawing Rights). But the IMF certainly does not view SDRs as the "final solution" to global currency problems. Rather, the IMF considers SDRs to be a transitional phase between what we have now and a new world currency.

Ron Paul blasted the Federal Reserve in an appearance on CNBC star Larry Kudlow's show. Some economic observations from Paul: 'We have so much unemployment, it is so undercounted. The free market economists report that there is probably 22% of unemployment. They pumped in $4 trillion, they should have added a lot of jobs, but how much did it cost us, and that of course is the price inflation that will come. We are moving into another 30 year period where we are going to see a reversal of interest rates, and we are going to see a crashing of the bonds like we saw 30 years ago and it's going to last a long, long time. The Fed deserves the blame for the inflation, and for the unemployment.'

Old Yeller’s less precious cousin is continuing its recent tear, with Silver surging more than 3% on the Comex to close at $30.27/oz. Silver has gained about 13% since Jan. 25 and its close above $30 is considered technically promising. Silver has been up four straight sessions and seven of the last eight.

Arkie · 02-15-2011, 04:34 PM

Quote:

Originally Posted by baja

If you don't have remote land with free flowing water and get set up off the grid the gold will do you no good.

When in the last 5000 years has gold been no good?

W*GS · 02-15-2011, 05:04 PM

Quote:

Originally Posted by baja

If you don't have remote land with free flowing water and get set up off the grid the gold will do you no good.

You forgot lots and lots of guns and even more lots and lots of ammo.

baja · 02-15-2011, 05:37 PM

Quote:

Originally Posted by W*GS

You forgot lots and lots of guns and even more lots and lots of ammo.

I prefer space between me and people, lots and lots of space thank you. You can't kill everyone.

baja · 02-15-2011, 05:38 PM

Quote:

Originally Posted by Arkie

When in the last 5000 years has gold been no good?

When in the last 5000 years have there been 7 billion people?

W*GS · 02-15-2011, 06:25 PM

Quote:

Originally Posted by baja

I prefer space between me and people, lots and lots of space thank you. You can't kill everyone.

You may need to.

baja · 02-15-2011, 06:30 PM

Quote:

Originally Posted by W*GS

You may need to.

I would rather move on to the next thing

Arkie · 02-17-2011, 04:04 PM

Quote:

Originally Posted by baja

When in the last 5000 years have there been 7 billion people?

That just makes gold more valuable according to the law of supply and demand. It will be something very valuable that most people won't have. They may even kill me over it. I guess that's a way gold won't do me good.

Odysseus · 02-17-2011, 06:25 PM

Quote:

Originally Posted by Arkie

When in the last 5000 years has gold been no good?

I am having a lot of fun with gold. People are not paying attention to the currency markets. Where do you put your money when it fluctuates?

EDIT: Antique gold coins are always a buy. They retain their value as gold and the fact they are rare.

baja · 02-17-2011, 07:00 PM

Quote:

Originally Posted by Arkie

That just makes gold more valuable according to the law of supply and demand. It will be something very valuable that most people won't have. They may even kill me over it. I guess that's a way gold won't do me good.

The guy gnawing on your leg for protein will be your most immediate concern.

Even if 20 % of the people plan ahead and store up food and supplies can you imagine what five and one half billion starving and sick people would look like out the kitchen window.

baja · 02-17-2011, 07:01 PM

Quote:

Originally Posted by W*GS

You may need to.

You are starting to see the light aren't you.

Odysseus · 02-17-2011, 09:27 PM

Quote:

Originally Posted by baja

The guy gnawing on your leg for protein will be your most immediate concern.

Even if 20 % of the people plan ahead and store up food and supplies can you imagine what five and one half billion starving and sick people would look like out the kitchen window.

Chief's fans?

mhgaffney · 02-18-2011, 12:03 AM

Let's hope the starving people show up at the door of the richest 1% -- and eat them for lunch.

It would do the 1% justice -- for what they have done to the poor -- and the earth.

Odysseus · 02-18-2011, 01:40 AM

Quote:

Originally Posted by mhgaffney

Let's hope the starving people show up at the door of the richest 1% -- and eat them for lunch.

It would do the 1% justice -- for what they have done to the poor -- and the earth.

I am moving down by Baja. I don't want to be a snack on the road to finding the rich people.

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02-14-2011, 07:12 PM	#78
mhgaffney Ring of Famer Join Date: Apr 2006 Posts: 18,693	We'll see who's laughing in 12-16 months when the dollar bites the dust.

02-14-2011, 07:30 PM	#80
mhgaffney Ring of Famer Join Date: Apr 2006 Posts: 18,693	Surprise! The resident troglodyte appears on cue -- out of the woodwork. Integrate this: Last year Tehran sustained a direct broadside -- an act of by the US /Israel -- as predicted. I refer to the recent cyber attack -- to which many on the OM responded with glee. The CIA campaign of terror inside Iran continues. We are at war. At this point -- it can escalate at any moment. IMO the only factor that has prevented all out warfare -- to date -- is the fact that the Iranians now have a conventional deterrent -- which has caused Israel to have second thoughts. Iran's IRBMs (intermediate range ballistic missiles) now have GPS guidance systems -- which allows an accuracy of up to 1-3 meters. This means Iran can target Israel's nuclear reactor at Dimona and Israel's nuclear arms and bio weapons stockpiles. One direct hit -- would contaminate much of Israel -- making it uninhabitable for hundreds -- maybe thousands of years. We are not talking about Skuds anymore. The stakes have risen in recent years. The Isarelis are warlike fanatics -- but thankfully they are not stupid.

02-14-2011, 07:54 PM	#81
W*GS Eppure si scalda Join Date: Jan 2004 Location: Earth Posts: 35,274	A video of Tel Aviv underneath an Iranian mushroom cloud would make gaff-o orgasm.

02-15-2011, 02:34 AM	#84
mhgaffney Ring of Famer Join Date: Apr 2006 Posts: 18,693	Some are saying silver will go above $50/ounce. Today I heard an old timer say he think it will peak at more than $200/ounce. If that happens the dollar will be worth less than T paper.

02-15-2011, 04:31 PM	#87
Meck77 . Join Date: Sep 2002 Posts: 17,558	Sorry no link. Newsletter from my gold source. Gold rose sharply, up $11 today, on the release of the higher than expected UK inflation data. It showed that UK inflation quickened to 26 month highs at 4.0%. Currency debasement and higher food and energy prices are leading to an inflation surge in both developed and emerging markets. The world’s largest bond fund sharply cut its exposure to US government-related debt in January, before US bond yields rose this month to their highest level in almost a year. Pimco’s Total Return Fund, run by Bill Gross, a founder of Pimco, reported that its holdings of US government-related securities fell from 22 per cent in December to 12 per cent in January. Inflation. What Inflation? • Corn futures nearly doubled last year. • Retail banana prices rose 21 percent. • A pound of coffee cost $4.15 last year, up 13 percent from the year before. • Duncan Donuts hiked coffee prices by 9 percent last year, and expects to hike another 10 percent this year. • Orange juice futures doubled in 2010. An industry trade magazine predicts OJ will soon be a luxury item. • Retail egg prices rose over 1 percent in 2010. The government projects a 2.5-3.5 percent rise in 2011. • Retail bacon prices rose 17% in 2010. Retail apple prices rose 7.4% last year. • The average gallon of milk rose 6.9% to $3.32 last year. The USDA projects a 5% rise this year. • Wheat futures rose 35% last year. • Retail cheddar prices rose 8.4% last year to nearly $5 a pound. • Sara Lee has hiked prices for lunch meats. • A carton of vine-ripe tomatoes jumped from $7 to $24 last year. A 60-year cold spell in Mexico is expected to double fresh produce costs in coming weeks. • Sirloin prices rose 5% last year. Tyson says more hikes are coming. • Although retail potato prices declined 6% last year in the U.S., prices doubled around the world. • The Russian heat wave drove wheat prices up 47% last year. Miller-Coors plans to raise prices. The White House projected Monday that the federal deficit would spike to $1.65 trillion in the current fiscal year, the largest dollar amount ever, adding pressure on Democrats and Republicans to tackle growing levels of debt. The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again. In a new report entitled "Enhancing International Monetary Stability—A Role for the SDR", the IMF details the "problems" with having the U.S. dollar as the reserve currency of the globe and the IMF discusses the potential for a larger role for SDRs (Special Drawing Rights). But the IMF certainly does not view SDRs as the "final solution" to global currency problems. Rather, the IMF considers SDRs to be a transitional phase between what we have now and a new world currency. Ron Paul blasted the Federal Reserve in an appearance on CNBC star Larry Kudlow's show. Some economic observations from Paul: 'We have so much unemployment, it is so undercounted. The free market economists report that there is probably 22% of unemployment. They pumped in $4 trillion, they should have added a lot of jobs, but how much did it cost us, and that of course is the price inflation that will come. We are moving into another 30 year period where we are going to see a reversal of interest rates, and we are going to see a crashing of the bonds like we saw 30 years ago and it's going to last a long, long time. The Fed deserves the blame for the inflation, and for the unemployment.' Old Yeller’s less precious cousin is continuing its recent tear, with Silver surging more than 3% on the Comex to close at $30.27/oz. Silver has gained about 13% since Jan. 25 and its close above $30 is considered technically promising. Silver has been up four straight sessions and seven of the last eight.

02-18-2011, 12:03 AM	#99
mhgaffney Ring of Famer Join Date: Apr 2006 Posts: 18,693	Let's hope the starving people show up at the door of the richest 1% -- and eat them for lunch. It would do the 1% justice -- for what they have done to the poor -- and the earth.