Gold. GOLD!!!!! Gooooollllllllllddddddd!!!!!!!!

[MuyLocoNC]

Personally, I hope Silver and Gold keep dropping like a rock. Then I hope a panic starts and the price PLUMMETS. I have no intention to sell my poundage in the near future, so I know I won't lose money as it will surely recover to the $1500+ mark and Silver to the $40+ mark. But it would be awesome if it got below $800 for a while. Silver at $10/oz? I'd start buying it by the wheelbarrow load again.

When the stimulus money dries up, interest rates start climbing and reality comes a knocking, those who didn't buy into the bullshit you have wrapped yourself up in, will do very well. I will be among them.

 

[ChesusRice]

And yet again the gold bugs hope for salvation thru economic collapse that won't materialize

 

[ChesusRice]

You haven't looked at the US dollar lately moron... The whole premise of the thread is utterly ridiculous. You ARE a FUCKING MORON.

Stop taking financial advice of ladyboys....

Ya ok loser

 

[echelon1k1]

Ya ok loser

your 401k is doing really well...

 

[NoDrama]

LOL you only have $48K.

In Oct 2008 I spent $35,000 on just silver.

That silver right now is worth just a little bit over $100,000.

 

[NoDrama]

your 401k is doing really well...

not really, its all just digits on a screen. Unless you actually buy something with those digits, they aren't worth anything. Ask anyone that had a 401K in 2007 that had to endure a 70% devaluation.

 

[MuyLocoNC]

Ya ok loser

*advice

Nice gains though. The question is, will you know when to get out so you can actually keep some of it?

 

[UncleBuck]

LOL you only have $48K.

In Oct 2008 I spent $35,000 on just silver.

That silver right now is worth just a little bit over $100,000.

you're welcome for that, welfare farmer.

 

[RyanTheRhino]

Small investors in widely-held funds such as BlackRock Gold & General have suffered. The BlackRock fund, which has £1.6bn under management, has lost 21% of its value over the past month and 36% over the past six months. It invests in the shares of gold and metal mining companies – and these have fared even worse than the gold price.
Barrick Gold, the world's biggest gold miner, has seen its shares slump on the Toronto stock market from C$55 to just C$19 since last September. Newcrest Mining, an Australian gold miner that is the biggest holding in the BlackRock fund, has fallen from A$30 last September to A$17 this week.

Thats just silly , gold crashed because we don't use it to back our money. It is slowly turning into just a shiny piece of metal that's highly conductive.


Do you really think the price of gold would be lowered if we actually made the switch back to the gold standard. It would be a huge boom on the news and every stock investor would buy gold.

 

[ChesusRice]

Thats just silly , gold crashed because we don't use it to back our money. It is slowly turning into just a shiny piece of metal that's highly conductive.


Do you really think the price of gold would be lowered if we actually made the switch back to the gold standard. It would be a huge boom on the news and every stock investor would buy gold.

That is all it ever was

 

[NoDrama]

you're welcome for that, welfare farmer.

I love being the welfare farmer that brings in a multiple 6 figure income. Thanks for that!

 

[NoDrama]

piece of metal that's highly conductive.

All metals are pretty much highly conductive, silver and copper are the most conductive, not gold.

 

[RyanTheRhino]

All metals are pretty much highly conductive, silver and copper are the most conductive, not gold.

Gold is very much conductive and used in lots of circuity, your phone has gold in it. The trade off is gold will never corrode but is slightly less conductive

 

[NoDrama]

Gold is very much conductive and used in lots of circuity, your phone has gold in it. The trade off is gold will never corrode but is slightly less conductive

They use silver to conduct electricity in electronics, not gold. They use gold for connectors.

 

[ChesusRice]

They use silver to conduct electricity in electronics, not gold. They use gold for connectors.

Connectors do not conduct electricity?

 

[Doer]

Conductors conduct and connectors connect....so simple...these days.

Many were not born when Cheez, myself and the fathers, before us, of this world were soldering everything. Gold is a signal path metal along with silver and copper. Copper is used to carry electrons. Silver is used to bolt together (solder) copper paths.

Gold is used as plating for human touched connectors because, unlike silver or copper, gold is corrosion resistant.

 

[Doer]

And yet again the gold bugs hope for salvation thru economic collapse that won't materialize

It's funny Lemmings don't follow each other over a cliff, but Humans do.

I can make some money by being contrary to the popular trend. Right now I'm itching to short DIA....but when?

Yesterday?

 

[CC Dobbs]

Twinkies can be made by the millions per day out of easily sourced materials. I dare you to try and create a gram of gold.Hell I dare you to try and dig a gram of gold out of the earth.

Your dare is tempting but I got some baking to do. I think you should change your name to ' mostly drama and hyperbole '.

 

[CC Dobbs]

Can you eat dollars??

Perhaps you can eat crude oil?

Wait wait, I know, you can eat your real estate investments!!


No?

Perhaps those stocks you invest in, you can eat those right?



Your argument is devoid of thought, just like you.

Your low IQ is showing.

 

[Fungus Gnat]

Businessman Datta Phuge recently made headlines
with his 3kg, 22-carat gold shirt - worth $240,000 [AFP]

Well you can always sell to India.