Looks like gold is ...........going down in flames
SUMORADA
Posts: 4,797 ✭
SUMORADA
Posts: 4,797 ✭
SUMORADA
Posts: 4,797 ✭
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
buy a little here and there. squirrel it away. allow it to make up
a small percentage of your wealth. 5-20%.
watch the price on a seasonly basis.. maybe look every few months.
when you have a need for money, pay closer attention.
not very sexy but it sure makes me feel comfortable knowing
i have an asset i can sell that always has value.
Isn't that easy? Just sign-up for the mullah's newsletter or emails, and you're jake. Or should I say, you're al-Jake.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
I think we have a solid floor around $720. Nothing to worry about and a brief buying opportunity.
We'll still see close to $800 by mid December.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>This was expected. Just the usual manipulation. It generally happens around this time of year and then we take another step up the ladder again. Three steps forward and two steps back. That's just the nature of the beast.
I think we have a solid floor around $720. Nothing to worry about and a brief buying opportunity.
We'll still see close to $800 by mid December. >>
I agree, support is around $720
I see gold dropping to new lows. Even below $20 an ounce.
It is the end of gold.
You do it quite well.
<< <i>Yep. This is it. Gold will drop for the forseeable future. We will be buying gold for $12 an ounce soon due to the rising US dollar buoyed by the soon to arrive BOOM in manufacturing and honest politics and a return to fiscal responsibility. The emerging Asians will soon be clamoring to deposit funds in US savings accounts.
I see gold dropping to new lows. Even below $20 an ounce.
It is the end of gold. >>
<< <i>I'd be worried about something truly going straight up. >>
Man! I'd PAY for that.
Unless it lasted for more than 4 hours of course.
San Diego, CA
just completed 3d tour to Iraq and retired after 28+ years in the US Army
as for the other side of the coin :
A half eagle is better than none at all.
``https://ebay.us/m/KxolR5
<< <i>Not yet. In the thread last night, I figured out how this works with you guys. A gold god sends out directives from on high, sort of like a mullah insuing a fatwah, to sell, and everyone does so. The price falls, everyone thinks they predicted things right when all it was was a self-fulfilling prophecy, that worked. When the new fatwah is declared to buy, the devoted followers will do that, and the price will rise.
Isn't that easy? Just sign-up for the mullah's newsletter or emails, and you're jake. Or should I say, you're al-Jake. >>
Except the person posting the link to the article [me] sold before reading the article, so the entire premise of the above is total BS. Several other people posting to my thread also said they sold before reading about the sell signal, so again I am calling total BS on the above comments.
thread last night
I don't know why you contribute to these gold threads. You have no money in gold, no guts to short it, and generally make comments with zero information content, and in the above comments, out right falsehoods.
The price of gold is relevant to the coin forum. There are plenty of coin collectors that are interested, if for nothing else because the U. S. mint may change their prices. Many of the common date generic gold coins track the price of bullion closely. They are quite a few of some of the more extreme gold types on the forum as well. Do you write because of ego? Boredom? A long running petty feud that I missed? Something else?
Yes, gold is down 3% and completely in flames. Sell it all and hope you can get equivalent value in fluffernutters.....at least those you can eat!
roadrunner
<< <i>
<< <i>Not yet. In the thread last night, I figured out how this works with you guys. A gold god sends out directives from on high, sort of like a mullah insuing a fatwah, to sell, and everyone does so. The price falls, everyone thinks they predicted things right when all it was was a self-fulfilling prophecy, that worked. When the new fatwah is declared to buy, the devoted followers will do that, and the price will rise.
Isn't that easy? Just sign-up for the mullah's newsletter or emails, and you're jake. Or should I say, you're al-Jake. >>
Except the person posting the link to the article [me] sold before reading the article, so the entire premise of the above is total BS. Several other people posting to my thread also said they sold before reading about the sell signal, so again I am calling total BS on the above comments.
thread last night
I don't know why you contribute to these gold threads. You have no money in gold, no guts to short it, and generally make comments with zero information content, and in the above comments, out right falsehoods.
The price of gold is relevant to the coin forum. There are plenty of coin collectors that are interested, if for nothing else because the U. S. mint may change their prices. Many of the common date generic gold coins track the price of bullion closely. They are quite a few of some of the more extreme gold types on the forum as well. Do you write because of ego? Boredom? A long running petty feud that I missed? Something else? >>
Because I'm allowed to. It's the free speech thingy, remember? You can't stifle my comments just because they touch a nerve of yours. And looking again at the posts to this threads, you lied. Everyone mentions someone they read or heard from to make their decision. You do it in a vacuum, eh? Calling b.s. on you, dude. It's a concerted strategy that succeeds because everyone acts in concert and at the direction and behest of others. Just because you don't like your little act being exposed for what it is, doesn't give you the right to tell me not to comment.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
GOLD is sure purdy!
Camelot
<< <i>Whether is goes up or down,
GOLD is sure purdy! >>
Its a lot prettier on its way up than on its way down.
<< <i>IMHO, Nachbar has been right all along. >>
About retiring? I agree.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>
<< <i>
<< <i>Not yet. In the thread last night, I figured out how this works with you guys. A gold god sends out directives from on high, sort of like a mullah insuing a fatwah, to sell, and everyone does so. The price falls, everyone thinks they predicted things right when all it was was a self-fulfilling prophecy, that worked. When the new fatwah is declared to buy, the devoted followers will do that, and the price will rise.
Isn't that easy? Just sign-up for the mullah's newsletter or emails, and you're jake. Or should I say, you're al-Jake. >>
Except the person posting the link to the article [me] sold before reading the article, so the entire premise of the above is total BS. Several other people posting to my thread also said they sold before reading about the sell signal, so again I am calling total BS on the above comments.
thread last night
I don't know why you contribute to these gold threads. You have no money in gold, no guts to short it, and generally make comments with zero information content, and in the above comments, out right falsehoods.
The price of gold is relevant to the coin forum. There are plenty of coin collectors that are interested, if for nothing else because the U. S. mint may change their prices. Many of the common date generic gold coins track the price of bullion closely. They are quite a few of some of the more extreme gold types on the forum as well. Do you write because of ego? Boredom? A long running petty feud that I missed? Something else? >>
Because I'm allowed to. It's the free speech thingy, remember? You can't stifle my comments just because they touch a nerve of yours. And looking again at the posts to this threads, you lied. Everyone mentions someone they read or heard from to make their decision. You do it in a vacuum, eh? Calling b.s. on you, dude. It's a concerted strategy that succeeds because everyone acts in concert and at the direction and behest of others. Just because you don't like your little act being exposed for what it is, doesn't give you the right to tell me not to comment. >>
Certainly, you have a right to post. I will leave it to the readers to decide who is full of BS. The readers can read the other thread and see if I have any agenda. I believe that I have, time after time, posted in service of new collectors, and novice would-be investors. I will continue to do so. If you see that as some kind of scheme or act, you are entitled to that opinion, but I believe that the majority of readers do not share that opinion. I have nothing to sell here, and always caution that folks need to do their own due diligence and research before investing money, before making up their own minds. I have stated time after time, that the average collector is best off ignoring the short term fluctuations, and buying and selling in a measured manner, getting an average price over a long period of time. I probably have written that 50 times in my time on this board.
Others are always welcome to other opinions. There is a buyer for every seller after all, or there is no transaction. That said, pointless bickering, questioning people's motives have some entertainment value, but in the long run only produce heat, no light. So with that in mind, I apologize if I upset you with my comments and ask for a truce. Enjoy your day.
That's when I bought and am I glad I did. A slight "speed Bump" doesn't worry me at all.
Gold is doing fine BUT there is a LOT of it. The US Mint declared their stockpile of SILVER Officially "depleted"/ as is "run out of", just around that very same time frame. THEN was the Time to buy Silver and because Silver is depleted and MUST be obtained from outside sources, I think it will go higher still.
Those that bought, 4 years ago, are sitting pretty .... ON BOTH COUNTS and are quite content.
Alas, if buying gold could only keep our politicians and banks from screwing the rest of us who actually work for a living and pay our taxes on time - now THAT would truly be worth something!
I knew it would happen.
I'd be willing to bet that gold breaks $800 before it goes below $660. That's an even spread. I'll bet up to $10K.
Is this YOU???