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NEW Au all Time High! 9-16

gsa1fangsa1fan Posts: 5,566 ✭✭✭
in Precious Metals
$1,278.30image
Avid collector of GSA's.

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  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    up up upimage
    Avid collector of GSA's.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Wowsers!!!!image

    It's on like donkey kong!!
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    rut roh. That might just be the final arrow in the double top theory.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    Step away from the screen! These are little bumps. You haven't seen a real spike yet.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>Step away from the screen! These are little bumps. You haven't seen a real spike yet.image >>

    image
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    image
    Avid collector of GSA's.
  • RedHerringRedHerring Posts: 2,077 ✭
    A real spike will occur when it shoots past $1300 which SHOULD happen within 90 days.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I thought the Hindenburg Omen Crash was going to happen within 90 days?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    This is nothin'...when adjusted for inflation. When it hits $2,300+ then we can hoot. Unfortunately, that also means a lot of pain out there in sheeple-land.
  • Wolf359Wolf359 Posts: 7,656 ✭✭✭


    << <i>This is nothin'...when adjusted for inflation. When it hits $2,300+ then we can hoot. Unfortunately, that also means a lot of pain out there in sheeple-land. >>



    Why? I never understood why the price of Gold rising causes pain. At 1275 everyone observing knows the system is hopelessly broken already. We are in pain already. Best thing that can happen is burn it all down
    so we can start the rebuild of the economy. And restoring freedom from gubermint intervention will remove a lot of pain.
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  • ranshdowranshdow Posts: 1,441 ✭✭✭✭
    Best thing that can happen is burn it all down so we can start the rebuild of the economy.

    I've never understood this psychology. Where's the upside in "burning it all down"? Several hundred millions of us depend on the system to work in some form or another and most of us go to work each day under the expectation that it will continue to. I'm all for creative destruction, the invisible hand et al but really one doesn't have to wish for a complete annihilation to get things headed in the right direction.

    This isn't a troll I really do want to understand where you're coming from.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>Best thing that can happen is burn it all down so we can start the rebuild of the economy.

    I've never understood this psychology. Where's the upside in "burning it all down"? Several hundred millions of us depend on the system to work in some form or another and most of us go to work each day under the expectation that it will continue to. I'm all for creative destruction, the invisible hand et al but really one doesn't have to wish for a complete annihilation to get things headed in the right direction.

    This isn't a troll I really do want to understand where you're coming from. >>



    The burning down analogy is akeen to a clean slate. A forest fire and then healing and new growth after. There would be mad pain intially and there would be hardship for years after. However, some prefer this cleansing aka bloodletting to the slow death we are going through now with no salvation in sight. Patching, pumping and propping leads to popping. This is the path we are on now. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The price of gold causes no pain....but maybe some grief to those who put the blame of fiat and debt on top of gold rather than where it truly belongs.

    Gold is just a reflection of problems in fiat land. Fix the fiat, and gold will go back to sleep.....for at least another 20 yrs.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>The price of gold causes no pain....but maybe some grief to those who put the blame of fiat and debt on top of gold rather than where it truly belongs.

    Gold is just a reflection of problems in fiat land. Fix the fiat, and gold will go back to sleep.

    roadrunner >>



    Based on this quote. JMHO, Gold will be raising Hell for a good while!
    Avid collector of GSA's.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    image
    Avid collector of GSA's.
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    I've never understood this psychology. Where's the upside in "burning it all down"? Several hundred millions of us depend on the system to work in some form or another and most of us go to work each day under the expectation that it will continue to. I'm all for creative destruction, the invisible hand et al but really one doesn't have to wish for a complete annihilation to get things headed in the right direction.

    Can you imagine how hard it will be to correct the problems in US Law & the regulations that have been spawned out of the last 10,000 or 20,000 pages of the US Code? We haven't even scratched the surface of knowing what the impacts of the new financial regulation and health care bills will be. The overlapping and conflicting regulations and redundancies in the federal government were already bad enough. It IS going to be a nightmare, unless these last 2 monstrosities both get repealed, and the repeal process should continue on from that point.

    "Burning it down" is a bad analogy, but the idea ought to be that we should re-institute the Constitution and protect it more so, and any big changes should be done via a Constitutional Amendment, just the way it was set up. All of these end-runs around the Supreme Law of the Land are highly subversive in the original context and should be considered the same way now.

    It's not the rising price of gold that's causing any pain. Gold is an inanimate object. It's just sitting there. People are generally responsible for their own situations. Some people are irresponsible, and they would be in trouble or busy causing misery whether gold is rising or falling. There are people who would probably be screwups even if a Ft. Knox 400 ozer fell into their laps. They would probably claim disability from mental anguish because it wasn't a 500 ozer.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • yellowkidyellowkid Posts: 5,486 ✭


    << <i>Step away from the screen! These are little bumps. You haven't seen a real spike yet.image >>

    image

    I'm with you on that, but I have mixed emotions about it.
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