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#51 | |||
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#52 |
Let slip the dogs of war.
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Some of you are so cute finding security in precious metals. If global currencies break down, the only metal you really will need a stockpile of is lead.
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#53 | |
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#54 |
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Aye, but that was more removing gold as our money system and forcing us onto notes and the rest of the new deal crap. Before the take over - gold's value was flat, afterward it increased and eventually our money value too.
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#55 |
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It was flat because it we were on a gold standard. The dollar was "as good as gold". Roosevelt forced everyone to sell their gold and then devalued the dollar (making gold more valuable) re-pegging it to gold at a lower valuation.
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#56 |
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ditto me.... but it will only drop if the "hype" sets in and most gold traders are not really "hype" sensitive like most stock traders are.
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#57 | |
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Gold is used in damn near every electronic produced in the world today. From your TV, to your Stove, to your phone, to the smoke detector, your car and lots in your Computer and monitors. Under water and space exploration use gold heavily, many major industries (oil) use gold. We have so much gold... you throw it in the trash when you're done with it.
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#58 |
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Yes, I have. It is a rare event (meaning the span of time we have seen this happening recently).
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#59 | ||
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And yes wig, the great depression was a deflationary depression but it had a lot to do with the Gold Standard they switched to after WW1.
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#60 | |
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Once the take over happened, gold could be exchanged for money that everyone saw at the same value, they both increased in value (now look at today), some type of money market was able to finally start moving - and wealth was created and exploded. If you kept us today gold equal to money, none of us would have any money.
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#61 | |
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Human nature is not limited to specific financial instruments as far as I can tell.
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#62 |
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It doesnt matter how much gold there is in that afghan mine, it will never keep up with the pace of gold demand at least not in the next few years.......
http://www.bloomberg.com/apps/news?p...d=aHpXqUGhFqv4 “In the long run, all paper money will go exactly to its intrinsic value, which is zero.” Im not sure i agree, but i guess if you keep printing it thats what eventually happens. |
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#63 |
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I'm not arguing for or against that, I'm just pointing out that comparing the price action of gold during deflationary depressions as compared to say the stagflation of the 1970's in order to show that gold does not always fare well in bad times is missing the point.
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#64 | |
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It's used in "everything" - It's even in the pills you take. Cell phones have about 50 cents of gold in them (just those tiny cell phones) and over 1 billion cell phones are produced with Gold in them each year. Most of the connectors in your PC and devices that plug into them have gold pins. Ruby glass color building = gold in the glass. Truly I can list the shit for ever... don't underestimate gold used in Industry. Again, we have soooooooo much gold, we just throw it away.
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#65 |
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If gold goes to $5000/oz, it may be actually worth the cost to extract it from these sources.
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#66 |
BACON BACON BACON
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hmm...buying gold to make wealth is fine and all..but owning gold in case the end of the world comes?
if shit hits the fan that bad..you can count on 50% of the city folk to be dead within a couple months...farms will become armed camps. your gold will probably only buy you safe passage to a farm..where you will be killed and relieved of your gold...lol rice will be more valuable then gold. |
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#67 |
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#68 |
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#69 |
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Key word is IF. IF it breaks down, my 1 lb bag of rice will be worth more than everyones gold in this entire thread. However IF it doesn't break down those who are sitting on a lot of gold are gonna have something worth a lot.
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#70 | ||
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If gold was really in short supply and the 'real' demand for actual gold was really sky rocketing... things would be very different in the electronics world. Some place here that you can send your phones to them "to dispose of correctly" - they farm the gold, batteries, and reusable parts from the phones.
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#71 | |
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Anyway whatever. I hope you fail. |
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#72 |
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#73 |
MFBA
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gold isnt going to go down!
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#74 |
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Considering most people are holding pieces of paper that says they have gold and the people who sold it to them are selling it on a fractional reserve basis I would say as long as the comex and such can't keep up with deliveries for demand for the physical then you won't be seeing any major decline. And yes it will most likely double before we know it.
You might be right short term but no way in hell will it be down this time next year.
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#75 | |
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Who's to say they don't Mine it or get it from the source? It's not like the gold costs a $1000 per Oz to pull out of the ground... hello, fake inflated value.
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#76 |
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Gold for August delivery rose $11, or 0.9%, to $1,259.70 an ounce in recent Friday action. It earlier rose as high as $1,260.90 an ounce.
On Thursday, the August contract gained 1.5% to settle at $1,248.70 an ounce on the Comex division of the New York Mercantile Exchange, leaving its June 8 record close of $1,245.60 in the dust. http://www.marketwatch.com/story/gol...k=MW_news_stmp |
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#77 |
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And Gold has hit a record high
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#78 |
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The most valuable commodity in the next 25 year will be water. Smart people will invest in water purification systems and home solar battery technologies.
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#79 | |
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![]() i was reading a great article the other day on solar energy/panels/batteries. it stated the markete will increase from 3-4billion$ to 23billion$ in revenues by 2014. ![]() |
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#80 | |
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#81 |
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It's not hard to understand... it's fake inflated based on speculation of perceived value.
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#82 |
Beer Money Baron
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Sell Sell Sell!
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#83 |
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good advices!
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#84 |
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gold mines are big now
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#85 | |
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Iraq war = soldiers are looking for "weapons of mass destruction" but find oil instead. Afghanistan = soldiers are looking for "alkaida and taliban" and find gold/silver mineral deposits ![]() |
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#86 | |
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what did we find in vietnam? korea? europe/japan? |
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#87 | |
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![]() It did go down. Did you miss it? I didn't. I don't know enough about water to comment on that, but in terms of energy, anything green has potential. Keep an eye on what Germany is doing if you're interested in Solar energy. Though, I must say, if you really want to keep your eye out for shooting stars, watch companies who are into renewable energy STORAGE. This is the greatest issue with Solar energy at the moment, and when someone can find a better way to store it, there will be a lot of money to be made with them. |
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#88 |
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A lot of smart people have told me that Gold will likely get around $1,500 before it corrects. As long as inflation is going up...expect people to continue to buy it.
Mid-term elections may completely change this though. |
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#89 |
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god you are an idiot. shut up.
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#90 | |
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Why do you think the USA has not invaded various parts of Africa yet? If anyone has honestly needed help of the world police, it has been some of the nations there. While there are resources there, there are very few in the high conflict areas. When they do need to intervene they send mercenaries to do their dirty work. |
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#91 |
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Right. I'm an idiot. That's why every investment post I make to try to help others make money ends up being accurate, while you make posts like the one you just did.
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#92 | |
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#93 | |
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#94 |
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GDX - gold miner
GDXJ - gold miners Juniors PHO - Water PIO - International water |
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#95 |
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Gold is up since this post.
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#96 |
Ryde or Die
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I bought more gold today
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#97 | |
RIP Dodger. BEST.CAT.EVER
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#98 |
JuicyDevils.gr Owner
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I like your way
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#99 | |
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#100 | |
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