Gold Is Getting Destroyed ($1140 Oz)

BI ^ | 11-5-2014 | Elena Holodny

[9YearLurker]

An oil plunge protection team?

[Travis McGee]

I bought mine at under $500 an ounce. I’m not thinking it’s a loss after being “crushed” 2%.

[buffaloguy]

“Lead is sinking?”

Indeed, like the back end of a ballistic trajectory.

[CodeToad]

Doesn’t sound like an investor to me as no investor considers a price drop as a loss because they know a loss only occurs at the point of sale.

[Travis McGee]

Gold will still be gold when the dollar is a souvenir.

[Jet Jaguar]

Goldbug ping.

[yorkiemom]

“Almost time to stock up on silver eagles. Below $15 per eagle is when I buy.”

You’ll probably want a spot price of $12-13 then.

[ExSoldier]

Hope it goes all the way down to $25 an oz. Because it will come back up to current levels and far beyond, eventually. ~Sigh~ if I'd been smart and IF I had the dough when I first got my commission I'd have spent a couple of thousand on gold when it was originally sitting at $25 an oz. I'd be retired now, had I done that. But then, $25 an oz was real money not total debt as it is now.