Gold just went to $1720 - GoFuckYourself.com

Choker · 08-08-2011, 02:48 PM

Isn't that a record all time high?

_Richard_ · 08-08-2011, 02:48 PM

i thought it already was at a record all time high

Adraco · 08-08-2011, 02:59 PM

Every dollar it goes up is a new record

Houdini · 08-08-2011, 03:13 PM

Yeah, it hit $1722 this morning. Today was a record day.

VikingMan · 08-08-2011, 03:29 PM

You will know the time to sell when every person on your block tries to hawk their big screen TVs in order to buy gold. Sure the market may get a big correction and all the sheep will say "see I knew it was in a bubble" but if you wait it will go a hell of a lot higher than 1720.

Barry-xlovecam · 08-08-2011, 03:30 PM

Know the difference between intrinsic and speculative values ...

MrMaxwell · 08-08-2011, 09:35 PM

The dollar value of gold is changing
The value of gold is the value of gold

DatePoster · 08-08-2011, 09:38 PM

My gold grill is worth more than the money I spent on it lol

epitome · 08-08-2011, 09:46 PM

Quote:

Originally Posted by *******

You will know the time to sell when every person on your block tries to hawk their big screen TVs in order to buy gold. Sure the market may get a big correction and all the sheep will say "see I knew it was in a bubble" but if you wait it will go a hell of a lot higher than 1720.

But it is a bubble ... growing out of fear.

No different than oil and god knows how many times oil prices have deflated.

Choker · 08-08-2011, 11:53 PM

Quote:

Originally Posted by epitome

But it is a bubble ... growing out of fear.

No different than oil and god knows how many times oil prices have deflated.

I agree with you. Many so called experts are predicting it to hit $1800. Too risky for me.

kane · 08-09-2011, 12:10 AM

It is at $1756 right now.

VikingMan · 08-09-2011, 12:24 AM

Quote:

Originally Posted by epitome

But it is a bubble ... growing out of fear.

No different than oil and god knows how many times oil prices have deflated.

Well I sold almost all of mine around $1640 but that is because I needed to use the money for something else. But I really do think it will go much higher than where it is now.

epitome · 08-09-2011, 12:33 AM

Quote:

Originally Posted by *******

Well I sold almost all of mine around $1640 but that is because I needed to use the money for something else. But I really do think it will go much higher than where it is now.

I don't think anybody will argue that people can still make money. Plenty of people make money during bubbles, its what a bubble is. Just don't want to be the last guy to buy high.

DWB · 08-09-2011, 03:05 AM

$1776 was today's high.

Quote:

Originally Posted by epitome

But it is a bubble ... growing out of fear.

No different than oil and god knows how many times oil prices have deflated.

It is very different than oil. Throughout history people have turned to gold during financial instability, and will continue to do so all around the world. This is not just happening in the USA, it's global, and countries are every buying gold by the tonne. Because if the USD is replaced as the world reserve currency or just collapses, those who are holding it lose big. That's why many countries are buying gold with their dollars right now, bubble or not. When/if the merry-go-round stops, you can either be holding worthless paper or something that actually has value.

And I wouldn't call it fear, I'd call it common sense. There is no reason to be holding dollars (or a few other currencies) at this point when you can ditch the devaluing IOUs for something tangible.

Two things will cause gold to drop.

1) The end of the global financial crisis.
2) A huge gold deposit is found.

Both will eventually will happen. But until they do, gold is going up. The end of the financial crisis is a long while away and there is a good chance the worst is yet to come.

Worst case, gold drops and you sit on it until it eventually rises again, because history always repeats itself.

seeandsee · 08-09-2011, 03:14 AM

Sell sell sell, or buy buy buy

but i dont have to sell or to buy, fuck

CamTraffic · 08-09-2011, 04:38 AM

What s the best place to buy it?

naughtycities · 08-09-2011, 04:43 AM

i think this is the worst period to buy and of course the best to sell.

Nicky · 08-09-2011, 05:45 AM

It will start to go down but the trick is telling when

I'm staying away from gold now though.

JFK · 08-09-2011, 05:51 AM

Quote:

Originally Posted by epitome

I don't think anybody will argue that people can still make money. Plenty of people make money during bubbles, its what a bubble is. Just don't want to be the last guy to buy high.

The place where I sell mine, capped the buying rate @ $53 CDN an ounce pure yesterday, anticipating a crash. They deal in huge volumes

Ethersync · 08-09-2011, 05:54 AM

Quote:

Originally Posted by Choker

I agree with you. Many so called experts are predicting it to hit $1800. Too risky for me.

JP Morgan says $2500 by year end.

Ethersync · 08-09-2011, 05:55 AM

Quote:

Originally Posted by CamTraffic

What s the best place to buy it?

Depends on where you are. If you are in the US go with Gainesville Coins.

2MuchMark · 08-09-2011, 07:13 AM

Be careful.. People are in a panic so they are buying gold. Trouble is, there is already more gold sold than actually exists in the world.

Ethersync · 08-09-2011, 07:36 AM

Quote:

Originally Posted by **********

Trouble is, there is already more gold sold than actually exists in the world.

Not a problem if you are buying bullion. I kind of doubt you have much experience with any of this. Much like the numerous other topics you wax prophetic on here

RyuLion · 08-09-2011, 09:30 AM

Quote:

Originally Posted by *******

You will know the time to sell when every person on your block tries to hawk their big screen TVs in order to buy gold. Sure the market may get a big correction and all the sheep will say "see I knew it was in a bubble" but if you wait it will go a hell of a lot higher than 1720.

Phoenix · 08-09-2011, 09:40 AM

2200-2500 but i dont see it coming crashing down

how is it going to crash?

will the usa flood the market to pay off debts? both getting rid of debt and raising their dollar value? that would be sweet....but not likely

Hermes · 08-09-2011, 11:29 AM

Gold has been going up quite steadily for many years already, or value of money has gone down to be more correct, so obviously there comes a new "record" almost all the time. We could have a topic like this every 3rd day.

facialfreak · 08-09-2011, 11:38 AM

$1751.00 now .... fasten your seatbelts, and return your stewardess to her normal upright position!!

facialfreak · 08-09-2011, 11:46 AM

$1770 in last 4 minutes!!! UNREAL!!

Houdini · 08-09-2011, 11:53 AM

Quote:

Originally Posted by **********

Be careful.. People are in a panic so they are buying gold. Trouble is, there is already more gold sold than actually exists in the world.

You make a good point. If you're buying paper gold, GLD, you don't own gold. Need to buy the physical if you want to own it.

JFK · 08-09-2011, 11:54 AM

well its $1768.80 now

VikingMan · 08-09-2011, 12:19 PM

you guys will really enjoy the interviews on http://www.kingworldnews.com

facialfreak · 08-09-2011, 12:28 PM

So many people tell me that they cannot afford to invest in precious metals ....

The sad part is that with the state of the world economy right now ...
THEY CANNOT AFFORD NOT TO!!!

epitome · 08-09-2011, 12:54 PM

Quote:

Originally Posted by DWB

$1776 was today's high.

It is very different than oil. Throughout history people have turned to gold during financial instability, and will continue to do so all around the world. This is not just happening in the USA, it's global, and countries are every buying gold by the tonne. Because if the USD is replaced as the world reserve currency or just collapses, those who are holding it lose big. That's why many countries are buying gold with their dollars right now, bubble or not. When/if the merry-go-round stops, you can either be holding worthless paper or something that actually has value.

And I wouldn't call it fear, I'd call it common sense. There is no reason to be holding dollars (or a few other currencies) at this point when you can ditch the devaluing IOUs for something tangible.

Two things will cause gold to drop.

1) The end of the global financial crisis.
2) A huge gold deposit is found.

Both will eventually will happen. But until they do, gold is going up. The end of the financial crisis is a long while away and there is a good chance the worst is yet to come.

Worst case, gold drops and you sit on it until it eventually rises again, because history always repeats itself.

Everybody is turning to gold, thereby creating a bubble.

People turn to gold during economic instability and people turn to oil during political instability.

Very similar and still bubbles.

epitome · 08-09-2011, 12:56 PM

Quote:

Originally Posted by Phoenix

2200-2500 but i dont see it coming crashing down

how is it going to crash?

will the usa flood the market to pay off debts? both getting rid of debt and raising their dollar value? that would be sweet....but not likely

It will come crashing down when everybody is in the mood to spend again so that they can get a return on their money rather than hoarding it. They'll want to convert their gold to cash ... everybody will likely want to do it in the same time frame.

VikingMan · 08-09-2011, 12:58 PM

Quote:

Originally Posted by epitome

Everybody is turning to gold, thereby creating a bubble.

People turn to gold during economic instability and people turn to oil during political instability.

Very similar and still bubbles.

Let me guess. You have been calling this a bubble since it went over $1k and you never bought in because of that. So now that you lost your chance you are trying to rationalize your actions. I will tell you what a real bubble is......The US DOLLAR. Even though the US Dollar has lost half its value over the past few years it is STILL the biggest bubble which has ever existed on planet earth. Hell it could be cut in half again and it would still be the biggest bubble which has ever existed.

I do anticipate a "shake out" soon though. Most little guys will get scared and sell because it will get pretty bad.

epitome · 08-09-2011, 01:01 PM

Quote:

Originally Posted by JFK

The place where I sell mine, capped the buying rate @ $53 CDN an ounce pure yesterday, anticipating a crash. They deal in huge volumes

I have no gold.

I'm already extremely sickly and on meds that are the equivalent of street heroin. How would I get them? What about when I run out of my 30 day supply of antibiotics and the infection ravages my body?

I'm killing myself if shit ever gets too crazy. The misery of living would not be worth it.

Lykos · 08-09-2011, 01:34 PM

Damn,thats good,gold makes me happy,justhope it wont go down a lot later,lol

08-08-2011, 02:48 PM	#1
Choker Confirmed User Industry Role: Join Date: Apr 2001 Location: Orlando Posts: 9,024	Gold just went to $1720 Isn't that a record all time high? __________________ ICQ me lets make a deal 116894466 Need dating, cam, or tube traffic? I got it.http://http://www.chokertraffic.com The Original http://www.chokertraffic.com/ Premium country pop-unders from $1.50 per k. I challenge you to compare this traffic to any other brokers. http://www.chokertraffic.com/public/tabs.php?t=o

08-08-2011, 02:59 PM	#3
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,737	Every dollar it goes up is a new record __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority.

08-08-2011, 09:38 PM	#8
DatePoster So Fucking What Industry Role: Join Date: Mar 2011 Location: Nasty Nati Posts: 1,053	My gold grill is worth more than the money I spent on it lol __________________ Its raining white women, my prayers have been answered! Well she better move cause I been praying for a Cadillac

08-09-2011, 03:14 AM	#15
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	Sell sell sell, or buy buy buy but i dont have to sell or to buy, fuck __________________ BUY MY SIG - 50$/Year Contact here

08-09-2011, 04:38 AM	#16
CamTraffic Confirmed User Industry Role: Join Date: Feb 2008 Location: Paris - Miami Posts: 6,537	What s the best place to buy it? __________________ I am always buying traffic and white labels. Hit me up. Email me HERE!

08-08-2011, 02:48 PM	#2
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	i thought it already was at a record all time high

08-08-2011, 03:13 PM	#4
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Yeah, it hit $1722 this morning. Today was a record day.

08-08-2011, 03:29 PM	#5
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,570	You will know the time to sell when every person on your block tries to hawk their big screen TVs in order to buy gold. Sure the market may get a big correction and all the sheep will say "see I knew it was in a bubble" but if you wait it will go a hell of a lot higher than 1720.

08-08-2011, 03:30 PM	#6
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Know the difference between intrinsic and speculative values ...

08-08-2011, 09:35 PM	#7
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	The dollar value of gold is changing The value of gold is the value of gold

08-09-2011, 12:10 AM	#11
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	It is at $1756 right now.

08-09-2011, 04:43 AM	#17
naughtycities Registered User Industry Role: Join Date: Jul 2011 Posts: 26	i think this is the worst period to buy and of course the best to sell. __________________ Naughty Cities Android market You Tube

08-09-2011, 05:45 AM	#18
Nicky Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Sweden Posts: 30,070	It will start to go down but the trick is telling when I'm staying away from gold now though. __________________ gfynicky @ gmail.com

08-09-2011, 07:13 AM	#22
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 49,484	Be careful.. People are in a panic so they are buying gold. Trouble is, there is already more gold sold than actually exists in the world. __________________ Custom Coding \| Videochat Solutions \| Age Verification \| IT Help & Support www.2Much.net

08-09-2011, 09:40 AM	#25
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,465	2200-2500 but i dont see it coming crashing down how is it going to crash? will the usa flood the market to pay off debts? both getting rid of debt and raising their dollar value? that would be sweet....but not likely __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

08-09-2011, 11:29 AM	#26
Hermes Confirmed User Industry Role: Join Date: Oct 2010 Posts: 264	Gold has been going up quite steadily for many years already, or value of money has gone down to be more correct, so obviously there comes a new "record" almost all the time. We could have a topic like this every 3rd day. __________________ The Most extensive list of Paxum affiliate programs -> Paxum Sponsors .net

08-09-2011, 11:38 AM	#27
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	$1751.00 now .... fasten your seatbelts, and return your stewardess to her normal upright position!! __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo

08-09-2011, 11:46 AM	#28
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	$1770 in last 4 minutes!!! UNREAL!! __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo

08-09-2011, 11:54 AM	#30
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	well its $1768.80 now __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

08-09-2011, 12:19 PM	#31
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,570	you guys will really enjoy the interviews on http://www.kingworldnews.com

08-09-2011, 12:28 PM	#32
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	So many people tell me that they cannot afford to invest in precious metals .... The sad part is that with the state of the world economy right now ... THEY CANNOT AFFORD NOT TO!!! __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo

08-09-2011, 01:34 PM	#37
Lykos Too lazy to set a custom title Industry Role: Join Date: Apr 2003 Location: World Posts: 31,027	Damn,thats good,gold makes me happy,justhope it wont go down a lot later,lol __________________