Is Gold A Big Bubble That Will Burst? - GoFuckYourself.com

RummyBoy · 08-20-2010, 05:20 AM

Is it going to burst soon or what?

RummyBoy · 08-20-2010, 05:24 AM

http://www.dailyfinance.co.uk/2010/0...-bubble-burst/

The Demon · 08-20-2010, 05:37 AM

The only people dumb enough to think that Gold is a bubble are the same people that think throwing cash at the problem (our economy) is going to solve our problem. I'm looking at you Bernanke and the rest of the Keynesian economists. God is the past, present, and future.

Coup · 08-20-2010, 06:31 AM

wouldn't be the first time it's bubbled up.

BlackCrayon · 08-20-2010, 06:45 AM

just wait until all those 'sell your gold' companies start selling en-mass. shit will hit the fan.

woj · 08-20-2010, 06:53 AM

Of course it's a bubble, the only reason it's so high now is because of the poor economy in the world... economy will eventually recover and gold will plummet...

Dirty Lord · 08-20-2010, 06:59 AM

yeah for sure

JBlack · 08-20-2010, 07:01 AM

Fear mongering can only take you so far... shit WILL be coming down, thats fo sho, only a matter of time.

IllTestYourGirls · 08-20-2010, 07:06 AM

If central banks keep creating fake gold bars, yes it will pop. But for right now the price is artificially low.

http://www.ghanaweb.com/GhanaHomePag....php?ID=188282

Quote:

Tons of gold imports from Ghana turn to dust

Several tons of gold imported into the UAE by traders and investors turned out to be fake on closer inspection, resulting in millions of dirhams in losses and high levels of stress to the victims.

martinsc · 08-20-2010, 07:12 AM

It Will Probably Remain About Stable

pornguy · 08-20-2010, 07:28 AM

You can not really look at gold as a bubble that will burst. It will fall when the economy is strong again.

the thing about gold is that as an investment you can make some nice money or not but as a currency.. Just ain't going to happen.

IllTestYourGirls · 08-20-2010, 07:32 AM

When was the last audit of Fort Knox?

Sausage · 08-20-2010, 07:47 AM

hahaha. Silly people on GFY passing comment on economics.

Gold doesn't gain or lose value much, its a constant. Paper money is the thing that loses or gains value, gold is what you buy when you want to protect your wealth

Gold is finite ... cash isn't.

BlackCrayon · 08-20-2010, 07:53 AM

Quote:

Originally Posted by Sausage

hahaha. Silly people on GFY passing comment on economics.

Gold doesn't gain or lose value much, its a constant. Paper money is the thing that loses or gains value, gold is what you buy when you want to protect your wealth

Gold is finite ... cash isn't.

either way its all pointless. what are you going to do with the gold if paper money fails? will kfc take gold chunks for a bucket of chicken? no they'll be closed down just everything else.

RummyBoy · 08-20-2010, 08:07 AM

Quote:

Originally Posted by BlackCrayon

either way its all pointless. what are you going to do with the gold if paper money fails? will kfc take gold chunks for a bucket of chicken? no they'll be closed down just everything else.

The point is that in that scenario youll get a whole lot MORE paper money for your gold, which be used to purchase, if you so choose, a bucket or buckets of chicken.

ottopottomouse · 08-20-2010, 08:09 AM

Quote:

Originally Posted by BlackCrayon

either way its all pointless. what are you going to do with the gold if paper money fails? will kfc take gold chunks for a bucket of chicken? no they'll be closed down just everything else.

That's like saying don't buy anything you can't eat.

Prices fluctuate dramatically on rumours though and I expect whoever wrote that piece has just sold a load and is wanting a drop to rebuy.

The Demon · 08-20-2010, 08:28 AM

Quote:

Originally Posted by woj

Of course it's a bubble, the only reason it's so high now is because of the poor economy in the world... economy will eventually recover and gold will plummet...

No.. In terms of real wealth, our stock market hit its peak in 2,000 and Gold was still going up. Sure, gold is a check against inflation, but it's also a medium of exchange and a store of wealth.

The Demon · 08-20-2010, 08:29 AM

Quote:

Originally Posted by Sausage

hahaha. Silly people on GFY passing comment on economics.

Gold doesn't gain or lose value much, its a constant. Paper money is the thing that loses or gains value, gold is what you buy when you want to protect your wealth

Gold is finite ... cash isn't.

Couldn't have said it better myself.

TheDoc · 08-20-2010, 08:58 AM

No matter how many ways you want to twist it, golds value is based on speculation. It's no different than playing the game with any other commodity. All of which are subject to going up and down and even crashing.

Nothing wrong with investing in it and making money, but thinking it could be used if the eco fell out from under us, is crazy talk.

tony286 · 08-20-2010, 09:01 AM

what goes up must come down.

Sausage · 08-20-2010, 09:16 AM

Quote:

Originally Posted by BlackCrayon

either way its all pointless. what are you going to do with the gold if paper money fails? will kfc take gold chunks for a bucket of chicken? no they'll be closed down just everything else.

Um .. ..... um ......... wow. Do you realise that paper money is worth nothing? And yes kfc would take gold as payment if the shit hit the fan.

Look at Zimbabwe .. gold is fast becoming the currency again because the paper money has failed. You either pay in US dollars, or gold .. the local currency isn't worth the paper its printed on.

Sausage · 08-20-2010, 09:18 AM

Quote:

Originally Posted by TheDoc

No matter how many ways you want to twist it, golds value is based on speculation. It's no different than playing the game with any other commodity. All of which are subject to going up and down and even crashing.

Nothing wrong with investing in it and making money, but thinking it could be used if the eco fell out from under us, is crazy talk.

Incorrect. Paper money is based on speculation. Gold's value is fairly constant. Its no mistake that all reputable long term value charts are based on gold.

mOrrI · 08-20-2010, 09:23 AM

Well Everybody want's gold theses days...

It's one of the last resorts of "money"....

TheDoc · 08-20-2010, 09:32 AM

Quote:

Originally Posted by Sausage

Incorrect. Paper money is based on speculation. Gold's value is fairly constant. Its no mistake that all reputable long term value charts are based on gold.

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

"The gold market is also subject to speculation as other commodities are, especially through the use of futures contracts and derivatives."

"Today, like most commodities, the price of gold is driven by supply and demand as well as speculation."

I understand Gold has value in the Economy... but we aren't some 3rd world country that doesn't have crap for an economy and the majority of trade is done within that local economy, which is often much smaller in population and more localized and able produce the products needed.

Here, most people don't have gold on hand and can't go out and get it. At that most don't have enough gold on hand to pay the mortgage/rent let alone buy food for any amount of time. If the eco crashed, the dollar would crash, the value of goods would sky rocket around the world. Fuel would based on the value of gold, and we don't have enough gold to cover fuel for the supply chain in our Country. Companies would fail overnight, they have no gold to pay for goods to pay for people, at that be able to take the gold. Then the entire stock market that exchanges/trades our goods needing to have gold to actually move those goods or the money value would be just crazy - basically every major company is dead over night. And finally, that's before everyone rushes in and exchanges the gold they do have, which would rip it's value out from under it when you took the 'cash' in exchange.

Unless you have a vault full of gold bars or you're able to go get your own gold from the rivers/mountains.. The gold most of us have is as valuable as the printed money we have. It's an investment and should be treated as such.

Sausage · 08-20-2010, 09:52 AM

Quote:

Originally Posted by TheDoc

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

"The gold market is also subject to speculation as other commodities are, especially through the use of futures contracts and derivatives."

"Today, like most commodities, the price of gold is driven by supply and demand as well as speculation."

I understand Gold has value in the Economy... but we aren't some 3rd world country that doesn't have crap for an economy and the majority of trade is done within that local economy, which is often much smaller in population and more localized and able produce the products needed.

Here, most people don't have gold on hand and can't go out and get it. At that most don't have enough gold on hand to pay the mortgage/rent let alone buy food for any amount of time. If the eco crashed, the dollar would crash, the value of goods would sky rocket around the world. Fuel would based on the value of gold, and we don't have enough gold to cover fuel for the supply chain in our Country. Companies would fail overnight, they have no gold to pay for goods to pay for people, at that be able to take the gold. Then the entire stock market that exchanges/trades our goods needing to have gold to actually move those goods or the money value would be just crazy - basically every major company is dead over night. And finally, that's before everyone rushes in and exchanges the gold they do have, which would rip it's value out from under it when you took the 'cash' in exchange.

Unless you have a vault full of gold bars or you're able to go get your own gold from the rivers/mountains.. The gold most of us have is as valuable as the printed money we have. It's an investment and should be treated as such.

Not really. Yes gold can be highly volatile when paired against a paper currency, but in reality it doesn't really lose or gain much value.

If we are talking in paper currency then yes the above article is pretty spot on. If we are talking actual value then no ... its not.

Infact I would say that the author of that article doesn't really understand economics much at all.

Stephen · 08-20-2010, 10:08 AM

no.

Heck, I'll be out at my diggins this weekend and likely have to shoo off a few claim jumpers

Gold is hard enough to find without ass monkeys stealing it from my creek

Cyber Fucker · 08-20-2010, 10:08 AM

It will depends on... many factors... who knows... well, gold will always be gold and one of the best ways to keep your wealth safe but in near future it may go a bit down, we will see.

Sausage · 08-20-2010, 10:12 AM

Think about this .... you can print more money .. but you cant print more gold.

That is why gold is a great 'investment' so that you don't lose wealth.

ilnjscb · 08-20-2010, 10:18 AM

All the second world countries are buying gold to demonstrate stability. China and Russia are net buyers. There is a limited supply - it is now more than a base currency, it is a definer of economic status. Status items can sustain very high prices beyong fundamentals.

Yanks_Todd · 08-20-2010, 10:25 AM

yes, in the last 20 years there are way to many speculative investors in all markets gold is the next one

Caligari · 08-20-2010, 10:32 AM

Quote:

Originally Posted by Sausage

Um .. ..... um ......... wow. Do you realise that paper money is worth nothing? And yes kfc would take gold as payment if the shit hit the fan.

um um holy shit yes kfc will take your gold when you walk in and buy a combo meal for 50 bucks, and thus your gold is worth squat.

besides this, gold will very soon by synthesized rendering if valueless.
http://en.wikipedia.org/wiki/Synthes...recious_metals
"The artificial production of gold is the age-old dream of the alchemists. It is possible in particle accelerators or nuclear reactors, although the production cost is currently many times the market price of gold. Since there is only one stable gold isotope, 197Au, nuclear reactions must create this isotope in order to produce usable gold."

As you can see it can already be synthesized, and in a matter of time they will figure out a way to make it cheaply and gold will lose its value.

seeandsee · 08-20-2010, 10:34 AM

Quote:

Originally Posted by Coup

wouldn't be the first time it's bubbled up.

does this chart can really tell the truth? how much $ was at 1970, its not same $ then and now

TheDoc · 08-20-2010, 10:44 AM

Quote:

Originally Posted by Sausage

Not really. Yes gold can be highly volatile when paired against a paper currency, but in reality it doesn't really lose or gain much value.

If we are talking in paper currency then yes the above article is pretty spot on. If we are talking actual value then no ... its not.

Infact I would say that the author of that article doesn't really understand economics much at all.

Golds value doesn't have to change, even though it does. All the other goods/products change, thus the amount of gold it takes to buy those things changes. Just like when you compare it to paper currency.

Each year roughly 3 million pounds of new gold is mined, so like money it's always printed and taken then out of the system as well. That gold is worth an extreme amount of money on todays market. It's 'real' value - is how much it cost to pull it out of the ground, what the raw material cost of it was.

If gold wasn't treated like stocks, if every time you purchased it you actually got the gold in hand, a lot more gold would be the open market and it's value would be lower. Just like if we all had a shit ton of cash on hand.

What is good about gold, is it being used as an investment to help beat inflation over a long period of time. That doesn't mean it's a security net if everything falls out from under us, it's not actual gold in hand and our Country doesn't have enough gold in hand to maintain the economy. Food and seeds would have more value than gold if the shit really hit the fan.

With the wiki article, I guess that means the 50 or so linked references from sites like gold.org, investment sites and so all got it wrong.

I'm all for gold though... it's a great investment and nothing wrong with having some on hand. But thinking it would save your ass if things really hit rock bottom, is crazy.

TheDoc · 08-20-2010, 10:50 AM

Quote:

Originally Posted by seeandsee

does this chart can really tell the truth? how much $ was at 1970, its not same $ then and now

It's correct.... but it includes inflation, if you adjust for inflation the value of gold is pretty much the same, if not lower due to more gold being on the market. Which is why gold is a good investment against inflation.

ArsewithClass · 08-20-2010, 10:57 AM

Stable or upwards. People love & always shall buy gold even since Platinum & Palladium took the upperclass.

The Demon · 08-20-2010, 11:01 AM

Quote:

Originally Posted by TheDoc

It's correct.... but it includes inflation, if you adjust for inflation the value of gold is pretty much the same, if not lower due to more gold being on the market. Which is why gold is a good investment against inflation.

This is completely false/inaccurate. But please, everyone go ahead and sell your gold so I can stock up. That way when we hit hyperinflation and gold skyrockets to $5-6k an ounce.

_Richard_ · 08-20-2010, 11:04 AM

Quote:

Originally Posted by IllTestYourGirls

If central banks keep creating fake gold bars, yes it will pop. But for right now the price is artificially low.

http://www.ghanaweb.com/GhanaHomePag....php?ID=188282

man that must have burned

Ron Bennett · 08-20-2010, 11:05 AM

Quote:

Originally Posted by seeandsee

does this chart can really tell the truth? how much $ was at 1970, its not same $ then and now

The $800 peak of 1980 would be over $2000 today.

Another thing to keep in mind is, much like one sees in stocks, there are psychological price levels (both on the up and down side) that once broken can result in a large trending up (or down) in price over time.

For gold, $1000 was a big barrier ... took a few gos, before the price stayed above it and since then is well on its way towards $2000.

IMHO, $2000 to $2500 is likely where gold will peak for awhile.

Gold is an investment vehicle / hedge, as well being nice to have in an economic downturn, such as right now ... many people will accept gold.

However, in a financial collapse ... gold, while limited in supply, will be of little use compared to actual usable commodities, such as food and energy.

Speaking of investment ... there's very little transparency in the gold market ... how much gold is really out there? How much gold do governments hold? How much gold is leveraged? The gold price is based in large part on leverage on more gold than is physically held...

On an aside, the U.S. Mint and other government mints sell large quantities of gold bullion coins with no hesitation - sure they're making some money do it, but if gold was really in very tight supply, selling gold would be the last thing for a government to do...

Rambling a bit, there's likely far more gold out there than people realize combined with the leveraging could lead to a rapid decline in gold price at any time, as has happened numerous times in the past. Gold is a decent hedge / good to hold as part, as in maybe upto 10%, of a larger investment portfolio.

Ron

jerryb · 08-20-2010, 11:31 AM

Quote:

Originally Posted by Ron Bennett

The $800 peak of 1980 would be over $2000 today.Ron

You are correct but the spike in 1980 was caused by Nelson & Bunker Hunt. They were buying tons of silver. When they had enough to fill 3 747's they loaded it up and took it to Switzerland to store. They made several trips. Gold, at that time, increased because of the Hunt brothers speculation in precious metals ... specifically silver. Silver peaked around 52 dollars per ounce before the false market crashed. Gold also followed the crash.

But overall since the mid 60's gold has shown a steady increase dollar wise. Much better than silver which isn't even $20 per ounce right now. From that artificial peak gold went from $800 to $1200+ today. Silver went from $52 to a little over $18 today.

I say ... BUY GOLD, PUT IT UP AND FORGET IT FOR 10-30 years. You'll be glad you did. PERIOD.

BlackCrayon · 08-20-2010, 11:36 AM

Quote:

Originally Posted by Sausage

Um .. ..... um ......... wow. Do you realise that paper money is worth nothing? And yes kfc would take gold as payment if the shit hit the fan.

Look at Zimbabwe .. gold is fast becoming the currency again because the paper money has failed. You either pay in US dollars, or gold .. the local currency isn't worth the paper its printed on.

I'm saying if things get the point where paper money becomes worthless there wont be many (if any) companies manufactoring products, services, etc because 99.9% of people don't have any real amount of gold to begin with.

Ethersync · 08-20-2010, 11:44 AM

Quote:

Originally Posted by Coup

wouldn't be the first time it's bubbled up.

Adjusted for inflation you will see we are presently at around half what the price was during the last spike.

jerryb · 08-20-2010, 11:54 AM

Quote:

Originally Posted by Ethersync

Adjusted for inflation you will see we are presently at around half what the price was during the last spike.

Read my post above ... that 1980 spike was a fake spike caused by the Hunt brothers buying Silver. Had nothing to do with currency, inflation, etc.

The Demon · 08-20-2010, 11:56 AM

Quote:

Originally Posted by Ethersync

Adjusted for inflation you will see we are presently at around half what the price was during the last spike.

Yup. And it's only going to skyrocket.

TheDoc · 08-20-2010, 02:01 PM

Quote:

Originally Posted by The Demon

This is completely false/inaccurate. But please, everyone go ahead and sell your gold so I can stock up. That way when we hit hyperinflation and gold skyrockets to $5-6k an ounce.

Umm... you just agreed with me but called me wrong... Wow. Anyway, I said "Which is why gold is a good investment against inflation." That doesn't mean sell your gold, it means invest in it.

If everything hyper-inflated, you would get equal or less value for what you paid for the Gold, because everything around you would have hyper-inflated with you. Just because you get more cash, doesn't mean you really end up better. The cost of living/business will have skyrocketed you'll simply run out of gold quicker or would need a crazy amount of it and not be able to afford more of it. Basically... it's value wouldn't hold.

Thinking it would save your ass in an economic disaster is crazy.... using it for long term investments is smart.

Vendot · 08-20-2010, 04:32 PM

Quote:

Originally Posted by woj

Of course it's a bubble, the only reason it's so high now is because of the poor economy in the world... economy will eventually recover and gold will plummet...

Thats not actually true........ the US and other countries could print another trillion dollars tommorrow, and it could help the global economy boom but the massive increase in money printing means over supply of dollars which is in turn debasement of the currency and therefore bullish for gold.

woj · 08-20-2010, 05:53 PM

Quote:

Originally Posted by Vendot

Thats not actually true........ the US and other countries could print another trillion dollars tommorrow, and it could help the global economy boom but the massive increase in money printing means over supply of dollars which is in turn debasement of the currency and therefore bullish for gold.

That's true in short term, but in longer term once economy recovers the central banks will raise interest rates and tighten money supply, creating downward pressure on gold...

the fact is there is really no reason why gold should continue going up... when oil for example was near 140 few years back at least the arguments were sound, that emerging economies needed oil to support growth, etc... (and what happened since then? oil is half of what it was few year back?)

with gold on the other hand there is really no increase in any real demand lately, the only demand comes from speculators and tin-foil-hatters hoping the world economy will crash and burn... the world economy is in fragile state now, so crash and burn is actually possible, but I wouldn't count on it...

Manga1 · 08-20-2010, 06:37 PM

Gold is the only real money. Everything else is smoke and mirrors.

Vendot · 08-24-2010, 02:15 AM

Thats interesting, around 26 vs 13 in golds favour

Paper money is going out of fashion....

wig · 08-24-2010, 05:18 AM

Gold looks like it is ready to roll over with equities.

Will we see a repeat of 2008?

The Demon · 08-24-2010, 06:15 AM

Quote:

Originally Posted by woj

That's true in short term, but in longer term once economy recovers the central banks will raise interest rates and tighten money supply, creating downward pressure on gold...

It doesn't matter, even with economic expansion in 2000, gold was rising fast.

Quote:

the fact is there is really no reason why gold should continue going up... when oil for example was near 140 few years back at least the arguments were sound, that emerging economies needed oil to support growth, etc... (and what happened since then? oil is half of what it was few year back?)

There is no reason the stock market should be going up either. People trust Gold more, that's all.

Quote:

with gold on the other hand there is really no increase in any real demand lately, the only demand comes from speculators and tin-foil-hatters hoping the world economy will crash and burn... the world economy is in fragile state now, so crash and burn is actually possible, but I wouldn't count on it...

There's no real demand in the stock market either. It's all low volume trading and when the market goes down, it's a high volume of people that are getting out.

View Poll Results: Is Gold A Bubble That Will Soon Burst?
Yes, Its Going To Crash Soon	15	34.88%
No, Paper Money Is Going To Crash	16	37.21%
It Will Probably Remain About Stable	12	27.91%
Voters: 43. You may not vote on this poll

08-20-2010, 05:20 AM	#1
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Is Gold A Big Bubble That Will Burst? Is it going to burst soon or what?

08-20-2010, 05:37 AM	#3
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	The only people dumb enough to think that Gold is a bubble are the same people that think throwing cash at the problem (our economy) is going to solve our problem. I'm looking at you Bernanke and the rest of the Keynesian economists. God is the past, present, and future. __________________ Greed is Good

08-20-2010, 06:45 AM	#5
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	just wait until all those 'sell your gold' companies start selling en-mass. shit will hit the fan. __________________ you don't know you're wearing a leash if you sit by the peg all day..

08-20-2010, 06:53 AM	#6
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Of course it's a bubble, the only reason it's so high now is because of the poor economy in the world... economy will eventually recover and gold will plummet... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-20-2010, 05:24 AM	#2
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	http://www.dailyfinance.co.uk/2010/0...-bubble-burst/

08-20-2010, 06:31 AM	#4
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	wouldn't be the first time it's bubbled up.

08-20-2010, 06:59 AM	#7
Dirty Lord Confirmed User Join Date: Nov 2007 Posts: 2,681	yeah for sure __________________

08-20-2010, 07:01 AM	#8
JBlack Confirmed User Join Date: Mar 2010 Location: Hollywood Posts: 399	Fear mongering can only take you so far... shit WILL be coming down, thats fo sho, only a matter of time. Last edited by JBlack; 08-20-2010 at 07:02 AM..

08-20-2010, 07:12 AM	#10
martinsc Too lazy to set a custom title Industry Role: Join Date: Jun 2005 Location: 127.0.0.1 Posts: 27,047	It Will Probably Remain About Stable __________________ Make Money

08-20-2010, 07:28 AM	#11
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	You can not really look at gold as a bubble that will burst. It will fall when the economy is strong again. the thing about gold is that as an investment you can make some nice money or not but as a currency.. Just ain't going to happen. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

08-20-2010, 07:32 AM	#12
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	When was the last audit of Fort Knox? __________________

08-20-2010, 07:47 AM	#13
Sausage Confirmed User Join Date: Oct 2002 Location: Australia Posts: 3,012	hahaha. Silly people on GFY passing comment on economics. Gold doesn't gain or lose value much, its a constant. Paper money is the thing that loses or gains value, gold is what you buy when you want to protect your wealth Gold is finite ... cash isn't. __________________ IW Skype : blance8888 Icq : 15567120

08-20-2010, 08:58 AM	#19
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	No matter how many ways you want to twist it, golds value is based on speculation. It's no different than playing the game with any other commodity. All of which are subject to going up and down and even crashing. Nothing wrong with investing in it and making money, but thinking it could be used if the eco fell out from under us, is crazy talk. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

08-20-2010, 09:01 AM	#20
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	what goes up must come down.

08-20-2010, 09:23 AM	#23
mOrrI It's over there... Industry Role: Join Date: Nov 2004 Location: Portugal Posts: 4,212	Well Everybody want's gold theses days... It's one of the last resorts of "money".... __________________ Get Your Binance Account

08-20-2010, 10:08 AM	#26
Stephen Consigliere Industry Role: Join Date: Feb 2003 Posts: 1,771	no. Heck, I'll be out at my diggins this weekend and likely have to shoo off a few claim jumpers Gold is hard enough to find without ass monkeys stealing it from my creek

08-20-2010, 10:08 AM	#27
Cyber Fucker Hmm Industry Role: Join Date: Sep 2005 Location: On an endless road around the world for rock and roll. Posts: 12,642	It will depends on... many factors... who knows... well, gold will always be gold and one of the best ways to keep your wealth safe but in near future it may go a bit down, we will see. __________________

08-20-2010, 10:12 AM	#28
Sausage Confirmed User Join Date: Oct 2002 Location: Australia Posts: 3,012	Think about this .... you can print more money .. but you cant print more gold. That is why gold is a great 'investment' so that you don't lose wealth. __________________ IW Skype : blance8888 Icq : 15567120

08-20-2010, 10:18 AM	#29
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,869	All the second world countries are buying gold to demonstrate stability. China and Russia are net buyers. There is a limited supply - it is now more than a base currency, it is a definer of economic status. Status items can sustain very high prices beyong fundamentals.

08-20-2010, 10:25 AM	#30
Yanks_Todd Confirmed User Industry Role: Join Date: Aug 2003 Location: Valencia Posts: 2,490	yes, in the last 20 years there are way to many speculative investors in all markets gold is the next one __________________ Todd Spaits - Co-founder -YanksCash Premium ad-packages available - Skype for details - tmspaits

08-20-2010, 10:57 AM	#35
ArsewithClass So Fucking Banned Industry Role: Join Date: Mar 2007 Location: UK Posts: 7,957	Stable or upwards. People love & always shall buy gold even since Platinum & Palladium took the upperclass.

08-20-2010, 06:37 PM	#47
Manga1 Confirmed User Join Date: Oct 2001 Location: Malakiaville Posts: 952	Gold is the only real money. Everything else is smoke and mirrors.

08-24-2010, 02:15 AM	#48
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Thats interesting, around 26 vs 13 in golds favour Paper money is going out of fashion....

08-24-2010, 05:18 AM	#49
wig Confirmed User Join Date: Feb 2002 Location: Panama Posts: 708	Gold looks like it is ready to roll over with equities. Will we see a repeat of 2008? __________________ Credit Card and ACH Processing