Did anyone predict this?
Weiss
Posts: 9,935 ✭✭✭✭✭
On our little board? I can't remember such a dramatic fall as this.
I love it. I wish I had more $$ to put into Au right now. I don't think it's going to happen, but I can see gold hitting $850. I'm not holding out, I'm buying fits and starts.
I love it. I wish I had more $$ to put into Au right now. I don't think it's going to happen, but I can see gold hitting $850. I'm not holding out, I'm buying fits and starts.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
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Too bad I didn't listen!
I see PMs going even lower.
The timing may be off but I would rather buy 10oz here (or soon) than have 10oz from 2011.
I like discounts when buying things precious.
<< <i>I don't think it's going to happen, but I can see gold hitting $850.q]
At least you covered yourself in the event it does or does not happen.
Currency Wants: Any note with serial number 00000731
<< <i>
<< <i>I don't think it's going to happen, but I can see gold hitting $850.q]
At least you covered yourself in the event it does or does not happen. >>
Heh. What I mean is it wouldn't surprise me--I wouldn't think it's impossible. If someone had told me a month ago gold could hit $850, I wouldn't believe it and I wouldn't have thought it possible.
--Severian the Lame
--Severian the Lame
COMEX is not going to be investigated.
If Jon Corzine can get away with actually stealing almost a Billion dollars from his MF Global Client Accounts to cover the MF Global margin calls, how is a 'little' naked shorting of Futures contracts by JPM, HBC (as instructed by the FED) going to rise to any level of concern?
Expect $1,000 within a few weeks, almost $250 under the Miners 'All-Costs'
The Banksters want to get into Mine ownership.
You can bet that the price will be going back up. That's as close to a guarantee as I could ever give.
I knew it would happen.
Knowledge is the enemy of fear
<< <i>BTW: I'm still glad I sold at $1800
make sure you buy it back for less
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>
My buddy Dave ~Nailed it!
It remains a store of value and will show its true color when the banks holding all those new dollars on reserve with the FED let the money flow to Main Street. Rising interest rates will push that cash to more profitable allocations - most likely private debt. Increased debt will drive inflation when the spending binge resumes. Now that homes are no longer ATMs, once the spigot opens look for new, creative methods of pusing loans into consumer hands.
It is quite surprising that gold reached record highs in such deflationary times. Good indicator of where the money runs when the money runs.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I did on another site I'm on, just not here. Had I been allowed to be here at the time, I would've here too. Now that I've been allowed to come back thanks to a kind, yet stern DW (and I admit deservedly so) I'm gonna go out on a limb and make a prediction, and mean it this time LOL. (To refresh everyones memory, the "well never see $30 silver again" was said out of total sarcasm).
Here it is...If you are over 40 years old, you will never see $40 Spot silver again. I call it the 40/40 prediction. Silver has been over $40 twice in my lifetime and I'm getting to be in my late 40's. So I guess if I'm fortunate to live to see 75, I might...but I certainly wont be holding my breath and probably wouldn't care too much about it if it did at that point. All jmho of course.
Worry is the interest you pay on a debt you may not owe.
When a person realizes how stupid something they said was, and the person being apologized to is willing to accept a sincere apology and grants a second chance (actually third
Never realized how much I missed it here till it was snatched away. I'd like to think that I made a few friends here and I must admit I missed being able to chat with them. I even missed the hotly contested debates with some that I guess could be considered a rival.
To me, going forward, it's a new start and I hope that I can contribute something here as much as I've taken from it.
Special thanks to PerryHall for creating a thread when I was bammed. It was nice to see how some people genuinely said that I'd be missed. As for those who bad mouthed me on that thread when I couldn't fight back, I'll just say it has been noted and put it in the past. I wonder if they will, or can.
Anyway, this concludes my comeback speech and it's good to be reinstated, I am truly grateful.
In God We Trust.... all others pay in Gold and Silver!
Keep an open mind, or get financially repressed -Zoltan Pozsar
lol, welcome back!
I knew it would happen.
<< <i>gold was driven up by speculation beyond its store of value. It is now only settling to its deflationary period value which remains much higher than its pre-deflationary value.
It remains a store of value and will show its true color when the banks holding all those new dollars on reserve with the FED let the money flow to Main Street. Rising interest rates will push that cash to more profitable allocations - most likely private debt. Increased debt will drive inflation when the spending binge resumes. Now that homes are no longer ATMs, once the spigot opens look for new, creative methods of pusing loans into consumer hands.
It is quite surprising that gold reached record highs in such deflationary times. Good indicator of where the money runs when the money runs. >>
I mostly agree.
Knowledge is the enemy of fear
<< <i>Did anyone predict this? On our little board?
I did on another site I'm on, just not here. Had I been allowed to be here at the time, I would've here too. Now that I've been allowed to come back thanks to a kind, yet stern DW (and I admit deservedly so) I'm gonna go out on a limb and make a prediction, and mean it this time LOL. (To refresh everyones memory, the "well never see $30 silver again" was said out of total sarcasm).
Here it is...If you are over 40 years old, you will never see $40 Spot silver again. I call it the 40/40 prediction. Silver has been over $40 twice in my lifetime and I'm getting to be in my late 40's. So I guess if I'm fortunate to live to see 75, I might...but I certainly wont be holding my breath and probably wouldn't care too much about it if it did at that point. All jmho of course. >>
Welcome back piecesofme. Pretty bearish prediction to come back with. Never see $40 silver again if you're over 40? I'm paying 10X what I paid 40 years ago for nearly everything I buy. I was a young kid 40 years ago but do remember 36 cent gasoline and 15 cent bottles of pop. (I wasn't old enough to buy the gas then but do remember that number on the Texaco's steel easel sign walking to school).
I'm in my late 40's now and fully expect to see prices of most everything at 10X their current levels (assuming I pass of natural causes in my 80's). $15 for a bottle of pop and $37 for a gallon of gas? Yep. And maybe a lot more than that.
<< <i>baley is his parole officer. >>
Worry is the interest you pay on a debt you may not owe.
<< <i>Welcome back. Miracles never cease
When a person realizes how stupid something they said was, and the person being apologized to is willing to accept a sincere apology and grants a second chance (actually third
Never realized how much I missed it here till it was snatched away. I'd like to think that I made a few friends here and I must admit I missed being able to chat with them. I even missed the hotly contested debates with some that I guess could be considered a rival.
To me, going forward, it's a new start and I hope that I can contribute something here as much as I've taken from it.
Special thanks to PerryHall for creating a thread when I was bammed. It was nice to see how some people genuinely said that I'd be missed. As for those who bad mouthed me on that thread when I couldn't fight back, I'll just say it has been noted and put it in the past. I wonder if they will, or can.
Anyway, this concludes my comeback speech and it's good to be reinstated, I am truly grateful. >>
Welcome Back Rich!!!
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
<< <i>BTW: I'm still glad I sold at $1800
wait for $900 and take it back. double your pleasure
As far as "did anyone predict this?", here is one call of the Gold top from Sept 2011, in this thread , not sure if there's a clearer call of the top on these boards that anyone can find.. Target gold price was and still is $888
Liberty: Parent of Science & Industry
I was pretty nervous about it, but now I'm feeling great about it....and feeling good about buying now at 15X.
LOL, thanks. Good to be back and on my best behavior
Welcome back POM
LOL, if there was a way to collect from you I'd take a bet on that in a heartbeat. I'm well over 40. I recall 27 cent gas and 5 cent coke and candy bars. New cars for 3000
<< <i>Welcome back POM
LOL, if there was a way to collect from you I'd take a bet on that in a heartbeat. I'm well over 40. I recall 27 cent gas and 5 cent coke and candy bars. New cars for 3000 >>
Yup...the so called "GOOD OLE DAYS" I remember them like they just happened yesterday, but your $3k for a new cars must be for the higher priced models. I also remember: new tires every 10k miles, change the plugs & caps every 10k miles, transmission overhauls every 70k miles along with a brake job every 15-20k miles....Yup the good old days
Either that, or you'll be seeing $0.75/gallon gas (which is unlikely with oil over $100 now).
I knew it would happen.
<< <i>Either that, or you'll be seeing $0.75/gallon gas (which is unlikely with oil over $100 now). >>
Don't tease me with the thought of $0.75/gal..
Interests:
Pre-Jump Grade Project
Toned Commemoratives
<< <i>I'm over 60 and I'm making a 60/60 prediction - if you are over 60, you will see silver over $60 in your lifetime.
Either that, or you'll be seeing $0.75/gallon gas (which is unlikely with oil over $100 now). >>
Don't tease me with either one and I'm over 70