Nutes and Nugs
Well-Known Member
I'd blame it on Obama too.
Just print more meaningless money to piss away.
GOooooooooLD!!!!!
- Thread starter ChesusRice
- Start date
Just print more meaningless money to piss away.
Nutes and Nugs
Well-Known Member
I'd say a piece of shit but he would just blend in.
Pinworm
Well-Known Member
I'm not sure I still like you.
UncleBuck
Well-Known Member
you're not digging the sophisticated and subtle humor?
Pinworm
Well-Known Member
It's deep and all. But, I'm curious about just what our good friend NnN is getting at here.
UncleBuck
Well-Known Member
do you suppose it could be some sort of mating ritual?
killemsoftly
Well-Known Member
FYI: gold dropping is good. Means investors feel more secure. Gold is a 'terror' purchase in my books. Late '70's saw gold near $900.
Also, every developed country has been printing$/devaluing their currency. Currency wars always occur when trade slumps. It's no holds barred out there in int'l trade/exports. My .02
NaN: obama will go down as a much better prez in history than Bush2 (a disaster who never financed 2 foreign wars and left the US with a massive debt). His skin colour is irrelevant (or should be). Personally, I find him very likeable though i disagree with drones,etc. Clinton is, without a doubt, one of the smartest people I've ever heard speak. His knowledge and insight is simply stunning. Reagan: crafty but vacous. GB1: put in his time in govt but had no ideas. GB2: retard son (a puppet). Nixon: very shrewd but no morals. i could go on but you"ll probably feel inferior NaN (as you should).
Also, every developed country has been printing$/devaluing their currency. Currency wars always occur when trade slumps. It's no holds barred out there in int'l trade/exports. My .02
NaN: obama will go down as a much better prez in history than Bush2 (a disaster who never financed 2 foreign wars and left the US with a massive debt). His skin colour is irrelevant (or should be). Personally, I find him very likeable though i disagree with drones,etc. Clinton is, without a doubt, one of the smartest people I've ever heard speak. His knowledge and insight is simply stunning. Reagan: crafty but vacous. GB1: put in his time in govt but had no ideas. GB2: retard son (a puppet). Nixon: very shrewd but no morals. i could go on but you"ll probably feel inferior NaN (as you should).
Harrekin
Well-Known Member
I like when gold drops cos it means I can sell short and buy physical.
Plus, it'll only dip/go sideways until the shit hits the fan again.
killemsoftly
Well-Known Member
Quite right. When Wall street fucks america again (they will as Dodd-Frank has no teeth), gold will spike again. Buying gold over the next 5-10 years would be a very wise choice (only when it dips of course).
ChesusRice
Well-Known Member
I almost feel bad for all the idiots that got scared into buying at 1500+Must be a great time for you Joey Diphards to "buy the dip", eh?
Balzac89
Undercover Mod
The funniest aspect of this hard drop in price can be related directly to the Chinese stock market being propped up by their government.
Have you followed the Chinese market at all? They recently had a crash in stock prices which resulted in the government making it illegal to sell large amounts of stock.
The result is the Chinese dumping commodities like Gold contracts. The dip this morning was right at the open of the Chinese market.
Gold may go lower than it is now, but if it does their will be shortages in physical Gold. Which kinda throws everyone for a loop cause these paper contracts control the market price, but have no influence on the amount of physical gold for investment.
Have you followed the Chinese market at all? They recently had a crash in stock prices which resulted in the government making it illegal to sell large amounts of stock.
The result is the Chinese dumping commodities like Gold contracts. The dip this morning was right at the open of the Chinese market.
Gold may go lower than it is now, but if it does their will be shortages in physical Gold. Which kinda throws everyone for a loop cause these paper contracts control the market price, but have no influence on the amount of physical gold for investment.
heckler73
Well-Known Member
While the Zhong Guo connection is without doubt, I wouldn't be too concerned about supplies. I suspect you're being over-optimistic about response to physical versus paper. People who "trade" it don't give a shit about holding it in their hands.
Right now I'm watching that stellar collapse of JNUG and thinking about timing a bounce trade.
heckler73
Well-Known Member
That is rather optimistic. I see no evidence to suggest that, however. Especially with the Politburo stepping in as the A-shares Plunge Protection Team 2015
Have you seen the recent stats on who the average Chinese investor is? I was quite surprised to find some 3/4ths of the newest entrants into the world of equity trading don't even have a high school education!These are the people you think are going to snap-up all that "surplus"? No...I'm quite certain that won't be the case.
Wavels
Well-Known Member
You are correct, the trading of equities is a world apart from taking physical possession of purchased gold.That is rather optimistic. I see no evidence to suggest that, however. Especially with the Politburo stepping in as the A-shares Plunge Protection Team 2015
These are the people you think are going to snap-up all that "surplus"? No...I'm quite certain that won't be the case.
And so it goes...
ChesusRice
Well-Known Member
Corporations, Store owners and People who render services?