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-   -   Economics Calling all gold bugs... (http://www.chiefsplanet.com/BB/showthread.php?t=272134)

KC native 04-15-2013 05:54 PM

Calling all gold bugs...
 
Bet you wish you had diversified a little recently huh? ROFL

Oh and Stewie, weren't you saying gold was going to something like $2k?

petegz28 04-15-2013 06:23 PM

Quote:

Originally Posted by KC native (Post 9589698)
Bet you wish you had diversified a little recently huh? ROFL

Oh and Stewie, weren't you saying gold was going to something like $2k?

I'm really surprised it took this long. I've stayed away from gold for the last couple years simply based on all the ****ing radio and tv commercials I have seen for it. Yeah, probably missed out on some coinage, pun intended

tredadda 04-15-2013 07:02 PM

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffet.

All those gold advertisements should have been a sign. Gold will always be worth something, but there is a limit and it usually only goes up when the economy sucks. The With the economy improving it is reasonable to think gold prices would drop which they are doing.

LiveSteam 04-15-2013 07:05 PM

I will start to worry when it falls below $800.00 an ounce.

Saul Good 04-15-2013 07:08 PM

So it's only up 400% over the past decade now?

LiveSteam 04-15-2013 07:08 PM

Quote:

Originally Posted by Saul Good (Post 9589900)
So it's only up 300% over the past decade now?

:clap:

Saul Good 04-15-2013 07:09 PM

Quote:

Originally Posted by LiveSteam (Post 9589904)
:clap:

More like 400%, I guess...

Brock 04-15-2013 07:39 PM

Wish I'd been paying attention 15 years ago.

LiveSteam 04-15-2013 07:47 PM

Quote:

Originally Posted by LiveSteam (Post 9589888)
I will start to worry when it falls below $800.00 an ounce.

BITCH!

LiveSteam 04-15-2013 07:48 PM

Quote:

Originally Posted by Brock (Post 9590003)
Wish I'd been paying attention 15 years ago.

silver.

BucEyedPea 04-15-2013 08:28 PM

"The sell-off will bring a new low, but the the bull market is far from over," says Dr. Marc Faber

teedubya 04-15-2013 08:34 PM

Someone dumped 500 tons of paper gold on Thursday... that's around 16 million ounces... of paper. So, this paper floods the market... drops the price... and more physical gets picked up at lower prices.

I just bought some more silver... and will buy it all the way down... and then buy more.

The COMEX trades at 1/100. So every 1 ounce of physical... there are 100 ounces of paper... so, the real price of physical will reveal itself eventually... after the precious metal manipulators get busted.

Who knows how long that could be though.

KC native 04-15-2013 09:22 PM

Quote:

Originally Posted by teedubya (Post 9590218)
Someone dumped 500 tons of paper gold on Thursday... that's around 16 million ounces... of paper. So, this paper floods the market... drops the price... and more physical gets picked up at lower prices.

I just bought some more silver... and will buy it all the way down... and then buy more.

The COMEX trades at 1/100. So every 1 ounce of physical... there are 100 ounces of paper... so, the real price of physical will reveal itself eventually... after the precious metal manipulators get busted.

Who knows how long that could be though.

And there it is. COMEX and others futures exchanges are going no where.

KC native 04-15-2013 09:24 PM

Quote:

Originally Posted by BucEyedPea (Post 9590189)
"The sell-off will bring a new low, but the the bull market is far from over," says Dr. Marc Faber

ROFL When was the last time Faber was right about something before it happened?

KC native 04-15-2013 09:24 PM

Quote:

Originally Posted by LiveSteam (Post 9590029)
silver.

is down more than gold.


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