...And There Goes Gold

Zero Hedge ^ | 18 November, 2013 | Tyler Durden

[Errant]

These price fluctuations are short-term and probably to a large part, manipulated by central banks and governments who can't afford high PMs prices exposing their Ponzi.

We ALL know where the prices will be in a few years. Plan according... ;)

[B4Ranch]

I keep thinking about the Arab king who bought a few billion worth of gold. What’s he going to do with that wealth when the dollar collapses?

[Errant]

They've done this to the Arabs once before. Then they crashed gold. I'm also thinking about the Chinese who've made massive purchases. Never overload yourself with one thing of value, especially if its value can be manipulated by others. The Chinese on the other hand, unlike the Arabs, have been investing in resources, businesses, and other things of value all around the world.

Eventually it's either a collapse in the value of FRNs or TPTB take us to war - the former being most likely, IMO.

[B4Ranch]

The price fluctuations are just a way to control people. They already know what the normal responses are. I think you are right re the FRN’s. I don’t necessarily see war between us and someone else as high on the list of pushing events. Fighting between Iran and Israel may spur other events.

[Toddsterpatriot]

central banks and governments who can't afford high PMs prices exposing their Ponzi.

Why would they care where PMs are priced? How does that in any way expose their Ponzi?

[Errant]

Imagine gold going to $2,500, $5,000 or even $10,000 an ounce, were it probably would be if not for price manipulation. You don't think that would have consequences for fiat, the CPI, oil, and etc.?

You have to keep the prices suppressed for as long as possible. Eventually the inevitable price adjustment of PMs to fiat will occur. It will not be a pretty sight, I'm sad to say.

[Toddsterpatriot]

Imagine gold going to $2,500, $5,000 or even $10,000 an ounce,

Okay, I imagined it. So what? The world didn't end.

were it probably would be if not for price manipulation.

What manipulation?

You don't think that would have consequences for fiat, the CPI, oil, and etc.?

How much of a typical person's purchases is impacted by the price of gold? Why would rising, or falling, prices for gold impact oil?

You have to keep the prices suppressed for as long as possible.

Hasn't the Fed said they'd like higher inflation? Why say that and "manipulate" gold lower?

Eventually the inevitable price adjustment of PMs to fiat will occur.

Over the last 2 years, the dollar has risen 50% versus gold. 140% versus silver

It will not be a pretty sight, I'm sad to say.

I agree, precious metal owners over the last 2 years have been sad.

[Errant]

There is one role, largely unnoticed that consumers play. That is a significant portion of our fiat currency in circulation is created and removed by the consumer through the use plastic.

Also, seems no matter how much the Fed prints now, it is having little effect on main street, as this chart indicates:

[Errant]

Precious metals owners are for the most part are invested for the long term. Most would double, triple, and even quadruple their investment; if they sold now. We're not sad I assure you friend! lol

What manipulation?

By all means, do your own research:

https://www.google.com/#q=gold+and+silver+price+manipulation
About 789,000 results (0.42 seconds)

[Toddsterpatriot]

We're not sad I assure you friend! lol

When one of my long-term holdings is down 33% to 50% or more, over the last 2 years, happy is not one of my feelings. I assure you. LOL!

By all means, do your own research: https://www.google.com/#q=gold+and+silver+price+manipulation
About 789,000 results (0.42 seconds)

Yeah, I love silly, baseless claims too.

https://www.google.com/#q=elvis+and+bigfoot+love+child
About 3,470,000 results (0.64 seconds)

[Errant]

When one of my long-term holdings is down 33% to 50% or more, over the last 2 years, happy is not one of my feelings. I assure you.

Too bad, but understandable. A poor grasp of reality and foresight to plan for the inevitable downturns will lead to investment disasters. I suspect even worse for you after a couple of more years because of your faith in the dollar. It takes mental clarity and emotional stability to invest large sums. Luckily it's never too late to correct a mistake though. Perhaps getting a real job and giving up shilling for a living, especially on FR were most folks tire of your bloviating posts for the FED and big banks might be the answer.

Have you thought of becoming an obamacare "navigator" instead? Based on your posts, seems more inline with your natural ability and BS.

Nothing personal, consider it friendly advice in your struggle to overcome your unhappiness.

[Toddsterpatriot]

A poor grasp of reality and foresight to plan for the inevitable downturns will lead to investment disasters.

I know, can you imagine the 2 year drop in gold becoming another 20 year downturn. That would be awful!

I suspect even worse for you after a couple of more years because of your faith in the dollar.

I'm not holding a large position in cash, what makes you think I have "faith in the dollar"?

Perhaps getting a real job and giving up shilling for a living, especially on FR were most folks tire of your bloviating posts for the FED and big banks might be the answer.

I know that constantly correcting silly errors on FR seems like a job, but it's more of a hobby for me.

Nothing personal, consider it friendly advice in your struggle to overcome your unhappiness.

You poor girl, I'm sure gold will recover once QE ends.

[Errant]

I'm sure gold will recover once QE ends.

Wow, You are delusional! LOLOL