$866.30 and dropping.....
Manorcourtman
Posts: 8,259 ✭✭✭✭✭
Down $26.30.......oh the pain
0
Manorcourtman
Posts: 8,259 ✭✭✭✭✭
Comments
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>Love that sweet sweet sound of it dropping. Can't wait until it's sub $500....course I might be waiting awhile, but still... >>
Gold will never again get below $700 an ounce. Costs have risen so much that as it is the cost per ounce of gold is averaging around $480 right now worldwide. A drop below 700 and some mines will start closing, cutting supply further. Demand will only increase as more uses are found, and more people populate the planet. And the amount of money being printed out there, the price of gold can only go up anyway.
BHNC member # 184!
http://www.busthalfaddict.com
What's happening now is the governments attempt to ease the fears of the public (see the Consumer Confidence Index) that we will have a case of the 1970s (horrible stagflation). However the public seriously underestimates the gravity.... it will be like the 1970's on steriods unless we end our reliance on oil (and foreign oil specificly) and do it yesterday.
Buy on dips and hold for the next 5 - 10 years... it's the only way you'll stay ahead of inflation.
What a laugh!!
I'm not worried one bit about the drop in gold.
In fact, I look forward to it, because I know it will regain its former peak price (and in fact, exceed it) and this drop could be an excellent buying opportunity.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>it will be like the 1970's on steriods unless we end our reliance on oil (and foreign oil specificly) and do it yesterday. >>
You do realize that what you're hoping for is impossible to do in our lifetimes. And probably our childrens' lifetimes as well. The last 100+ years has been the greatest era of change in the planet's history and that's mostly due to oil. If we (the US and eventually the world as whole) were to end our reliance on oil the world would pretty much come to an end as we knows it and that's far worse that paying $4 a gallon for gas. I'm all for weening ourselves off oil slowly, but it will take another century at least to do so.
<< <i>
<< <i>it will be like the 1970's on steriods unless we end our reliance on oil (and foreign oil specificly) and do it yesterday. >>
You do realize that what you're hoping for is impossible to do in our lifetimes. And probably our childrens' lifetimes as well. The last 100+ years has been the greatest era of change in the planet's history and that's mostly due to oil. If we (the US and eventually the world as whole) were to end our reliance on oil the world would pretty much come to an end as we knows it and that's far worse that paying $4 a gallon for gas. I'm all for weening ourselves off oil slowly, but it will take another century at least to do so. >>
a century?.....there will be solar panels less than a millimeter thick plastered over every cardboard shack in the third world way way before that.
<< <i>You do realize that what you're hoping for is impossible to do in our lifetimes. And probably our childrens' lifetimes as well. The last 100+ years has been the greatest era of change in the planet's history and that's mostly due to oil. >>
I'm not saying that oil hasn't done a lot for mankind or that it is all "evil", but it has served it's purpose and it's time for us to use other means of energy.
<< <i>If we (the US and eventually the world as whole) were to end our reliance on oil the world would pretty much come to an end as we knows it and that's far worse that paying $4 a gallon for gas. >>
I've never been accused of being much of an optimist, but I'm not sure that "the world as we know it" is all that great and that there aren't better, cleaner, more sustainable ways of creating and using energy.
<< <i>I'm all for weening ourselves off oil slowly, but it will take another century at least to do so. >>
God, I hope not but you're probaby right. If we would be spending our moneies (in the US) implementing new technologies instead of going to war for old technologies, we could be a hell of a lot closer now than we are today. What we need is a revolution in America (oops... looks like I'm on the Secret Service radar now!) to get rid of special interest groups running our country. Case in point... big oil.
I've rambled enough... all of what you mentioned above just goes to prove my point about the future direction of Gold & Oil. If we don't end our dependence it will cost $10 a gallon for gas soon and the entire US infastructure and economic system will collapse. China and India are on a path to consume what the US consumes in the next 7 - 10 years, what will give? There aren't any more large oil reserves left (that are proven) and production is streched thin thoughout the world.
Gold and Oil are tied at the hip.
Up, up and away!!
He really does remind me of "The Great and Powerful OZ" hiding behind the curtain.
I knew it would happen.
<< <i>there will be solar panels less than a millimeter thick plastered over every cardboard shack in the third world way way before that. >>
That would be sweet.
<< <i>A few words out of Paulsen's mouth about the 'strong dollar' and gold takes a hit. He really does remind me of "The Great and Powerful OZ" hiding behind the curtain. >>
These guys take "Orwellian" to another level.
<< <i>What does oil have to do with this? >>
See attached pic... think this shows pretty well the relationship between oil and gold.
<< <i>The biggest lie told was by Bernanke-- he's saying the economy is turning around so they may raise rates later this year. NO WAY. >>
The FED doesnt need to raise rates to strengthen the dollar. Foreign govts lowering rates could acheive the same. Its all about relativity. The USA may be economically weak, but the rest of the world is weakening faster.
Knowledge is the enemy of fear
You do realize that what you're hoping for is impossible to do in our lifetimes. And probably our childrens' lifetimes as well. The last 100+ years has been the greatest era of change in the planet's history and that's mostly due to oil. If we (the US and eventually the world as whole) were to end our reliance on oil the world would pretty much come to an end as we knows it and that's far worse that paying $4 a gallon for gas. I'm all for weening ourselves off oil slowly, but it will take another century at least to do so. >>
a century?.....there will be solar panels less than a millimeter thick plastered over every cardboard shack in the third world way way before that.
I agree with the first long paragraph above.
As to the second, how and the heck can solar panels on shacks power cars, much less replace petrochemicals?
Liberty: Parent of Science & Industry
<< <i>Down $26.30.......oh the pain
I was hoping gas would get cheaper soon
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
<< <i>A few words out of Paulsen's mouth about the 'strong dollar' and gold takes a hit.
He really does remind me of "The Great and Powerful OZ" hiding behind the curtain. >>
Except the Wizard actually turns out to be fairly wise...[insert obvious non-wise politician statement here]
I will buy the first 10 2006,2007,2008 pcgs or ngc gold 1oz buffalo coins from your for a mere $800 each.
So don't get mad when you wake up in the next few weeks and gold is down to $750 a oz, and you say to yourself that damn Yaha, how does he know this stuff, I should of sold it to him, now ebay fees and paypal fees is going to cost me a fortune to sell this gold crap.
As I understand it, there are about 62 trillion in credit swap derivatives outstanding which have not been devalued, fairly valued, re-valued, marked to market - whatever you want to call it.
Now, the Fed is allowing 17 big banks to get free money anytime they want it. Such a deal for us taxpayers. Then, they send out $600 checks and it's supposed to cure the economy.
It's an interesting time when mass banking fraud is government-sanctioned. I'll take my chances with the precious metals.
I knew it would happen.
<< <i> It's an interesting time when mass banking fraud is government-sanctioned. I'll take my chances with the precious metals. >>
Yeah, now that the dollar is backed by toxic garbage. It's an amazing development when considering the dollar used to be backed by gold.
<< <i>FWIW, seasonal weakness kicking in also...
I need some explaining with this chart. How come it says Feb over the top where it says Jan at the bottom. I'm not used to reading a chart like this one.
Thanks for any explanation, correct or not.
Jonathan