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What Kind of Fools Are Buying Gold?
The Market Oracle ^
| 6-23-2013
| Jesse's Café Américain
Posted on 06/23/2013 1:05:52 PM PDT by blam
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1
posted on
06/23/2013 1:05:52 PM PDT
by
blam
To: blam
2
posted on
06/23/2013 1:07:26 PM PDT
by
blam
To: blam
Stubborn fools who throw good money after bad. Remaining buyers are a dwindling lot of “greater fools” essential to precious metal sellers.
Notice last week, everything sold off. Just like Oct 1987. Safe havens, beans & bullets.
3
posted on
06/23/2013 1:11:38 PM PDT
by
Broker
(Obama, the devils fart.)
To: blam
Why do you think they are buying it? They don't understand money? Absolutely not.
4
posted on
06/23/2013 1:16:52 PM PDT
by
DManA
(our)
To: blam
Money is a tool. It is a medium of exchange. It is fungible. It can be put to work to make more money through equity, leverage or what used to be standard banking practices.
Gold is none of those things.
5
posted on
06/23/2013 1:20:05 PM PDT
by
elkfersupper
( Member of the Original Defiant Class)
To: elkfersupper
Money is a tool. It is a medium of exchange. It is fungible. It can be put to work to make more money through equity, leverage or what used to be standard banking practices. Gold is none of those things. Picky Picky Picky; but besides all that...
To: expat_panama; elkfersupper
But besides all that, you can’t eat it, run your car on it, or use it to diaper your baby.
7
posted on
06/23/2013 1:47:18 PM PDT
by
Tax-chick
("The world understands that Putin means it and Obama doesn't." ~Mark Steyn)
To: Broker
ALOT of people were buying at 300 bucks. No capital gain taxes, pure profit.
8
posted on
06/23/2013 2:25:19 PM PDT
by
Para-Ord.45
(Happily in tutelage by the reflection that they have chosen their own guardians.)
To: blam
Gold, Silver, COMEX is a scam; if anyone thinks the USD is ok and bulling it’s way up and up, they are fools. Thomas Friedman’s rules of investment don’t apply here; they are fine and good when level playing field abounds, not during fascist times like now. Gold and Silver should be bought and held with excruciating due diligence; watch and see I’m right as it dips and the smart money will get back in on the cheap while others have lost their money. Hey, disagree with me, I won’t be offended.
9
posted on
06/23/2013 2:40:14 PM PDT
by
CincyRichieRich
(He thwarts the plans of the crafty so that their hands achieve no success...Job 5:12)
To: Para-Ord.45
Smart and good hold. They should be happy.
10
posted on
06/23/2013 2:50:21 PM PDT
by
Broker
(Obama, the devils fart.)
To: elkfersupper
11
posted on
06/23/2013 3:10:05 PM PDT
by
M-cubed
To: blam
The kind of fools who understand what’s being done to our money.
12
posted on
06/23/2013 3:13:45 PM PDT
by
TBP
(Obama lies, Granny dies.)
To: M-cubed
It’s “au contraire” and Greenspan was not the sharpest knife in the drawer. All you have to do to realize that is find out who his wife is.
13
posted on
06/23/2013 3:22:23 PM PDT
by
elkfersupper
( Member of the Original Defiant Class)
To: elkfersupper
Money is a tool. It is a medium of exchange. It is fungible. It can be put to work to make more money through equity, leverage or what used to be standard banking practices. Gold is none of those things.
Gold is not fungible -- that part is true. Otherwise, your comment is wrong. Gold is ideal as money precisely because it's not fungible.
14
posted on
06/23/2013 3:25:56 PM PDT
by
BfloGuy
(The Eurozone policy might best be described as "Laurel and Hardy Carry a Piano Upstairs.")
To: Tax-chick
But besides all that, you cant eat it, run your car on it, or use it to diaper your baby.Why would you want to eat your money?
15
posted on
06/23/2013 3:26:58 PM PDT
by
BfloGuy
(The Eurozone policy might best be described as "Laurel and Hardy Carry a Piano Upstairs.")
To: BfloGuy
Gold is ideal as money precisely because it's not fungible.Can you move it anywhere you want with the click of a mouse button?
16
posted on
06/23/2013 3:31:07 PM PDT
by
elkfersupper
( Member of the Original Defiant Class)
To: blam; elkfersupper; BfloGuy; TBP; M-cubed; Broker; CincyRichieRich; Para-Ord.45; Tax-chick; ...
US oil production increased by 1 million barrels @ day in 2012. Oil production increases in similiar range are expected for the next 4-5 years. Leading to US energy independence.
These are the circumstances that increased US federal government revenues by 200 billion in last year. This reduced federal deficits to an expected 640 billion—with similiar decreases expected for the next several years.
As well rising US oil production decreases the US trade deficit which increases the value of the dollar—which will reduce the cost of oil.
Lower US borrowing and a rising dollar and lower oil costs ...all mean that for the next five years or so the price of gold will go down.
17
posted on
06/23/2013 4:13:41 PM PDT
by
ckilmer
To: BfloGuy
Gold is not fungible -- that part is true. Fungible---being of such a nature that one part or quantity may be replaced by another equal part or quantity in the satisfaction of an obligation.
The low level of knowledge on this thread is stunning.
18
posted on
06/23/2013 4:27:21 PM PDT
by
Stentor
To: elkfersupper
Can you move it anywhere you want with the click of a mouse button? emoney is not money, it's a promissory note. If the backer defaults, it's worthless.
19
posted on
06/23/2013 4:40:06 PM PDT
by
Oztrich Boy
("New Yorks Finest" are now "The Untouchables")
To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
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