Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Gold ready to crash?
Market Watch.com ^ | Jun 1, 2006 | Jesse Czelusta

Posted on 06/01/2006 8:10:31 AM PDT by Grampa Dave

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 361-377 next last
To: Alouette; SJackson; nw_arizona_granny; Grampa Dave
As per this documentary hosted by Michael York

THIS gold was found in Venezuelan waters.

http://www.pcha.gov/goldtrainfinaltoconvert.html

I don't know what has become of it; but as of 2004, the victims have received a settlement.

December 21, 2004 The federal government settled a lawsuit with 32 retired Miami Jews, regarding a legend about a trainload of gold, jewelry and other property, supposedly stolen by US Generals.

41 posted on 06/01/2006 8:34:53 AM PDT by Calpernia (Breederville.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave

I am led to believe the new CEO from Goldman Sachs is worried about US exports and will let the Greenback slide.
Hope I'm right..:)


42 posted on 06/01/2006 8:35:01 AM PDT by eyedigress
[ Post Reply | Private Reply | To 1 | View Replies]

To: roaddog727

You're absolutely correct. I've noticed over the years that when the business channels fill up with BUY GOLD ads, the market is getting ready to peak and the smart money is trying to dump. When you can't find a BUY GOLD ad to save your life, the smart money is holding in anticipation of a run up in prices. If you have the nerves to play it, you can take advantage of millions of dollars of research and insider knowledge at the cost of a few magazines.


43 posted on 06/01/2006 8:35:29 AM PDT by NaughtiusMaximus (Join me! Every night I pray for Global Warming . (And I think it's beginning to work.))
[ Post Reply | Private Reply | To 16 | View Replies]

To: Grampa Dave
Imagine that in the year 1900 your great-great grandfather had listened to the advice of someone touting precious metals. How would his investment have looked one hundred years later?

Pretty crappy, especially when FDR confiscated it (Unless my grandfather had been smart enough to hide it in the basement instead of obeying St. Franklin and turning it in).

44 posted on 06/01/2006 8:35:30 AM PDT by KarlInOhio (Never ask a Kennedy if he'll have another drink. It's nobody's business how much he's had already.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mase
Could the author also be using newspundit.net for his financial news and information?

That's where I get all my information. Users of that site are like the Marine Corps. The few, the proud.

45 posted on 06/01/2006 8:35:44 AM PDT by Toddsterpatriot (Why are protectionists so bad at math?)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Mamzelle; windchime; Certified Horticulturist; Eastbound

bump


46 posted on 06/01/2006 8:35:53 AM PDT by Calpernia (Breederville.com)
[ Post Reply | Private Reply | To 41 | View Replies]

To: roaddog727

"When I hear these "BUY GOLD NOW!" commercials, I would Run, not walk but Run in the opposite direction."

Or when Time and Newsweak run a cover story on Gold re its great value.


47 posted on 06/01/2006 8:36:17 AM PDT by Grampa Dave (There's a dwindling market for Marxist homosexual lunatic wet dreams posing as journalism)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Grampa Dave

A close relative of mine that I have been known to sleep with from time to time, has packed away several hundred dollars perhaps more than a thousand dollars worth (cost at time) of beanie babies that are just in pristine condition.............but don't put that money in a 401k plan, it's too risky............


48 posted on 06/01/2006 8:36:19 AM PDT by Red Badger (Liberals ignore criminal behavior, reward sloth and revere incompetence...........)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Smokin' Joe


Like you I have added some lead to the inventory os semi precious metals...including 9MM, 5.56MM, .45 Cal, etc.

Ammo boxes from the nearest Army/Navy Surplus place are the greatest containers ever, IMHO.

Granted, I am not a doom and gloom kinda guy...but...you really cant ever have enough ammunition, especially if you go to the range a lot...or feel the prices of ammo may go up, like it has to .45 and 5.56MM...


49 posted on 06/01/2006 8:36:38 AM PDT by in hoc signo vinces ("Houston, TX...a waiting quagmire for jihadis. American gals are worth fighting for!")
[ Post Reply | Private Reply | To 32 | View Replies]

To: Eastbound
(Hides the flavor of rotten meat.)

Mmmmmmm, rotten meat.

50 posted on 06/01/2006 8:36:41 AM PDT by rhombus
[ Post Reply | Private Reply | To 30 | View Replies]

To: Toddsterpatriot
So when it drops 13% in a few weeks it's because the government has deflated the currency?

Amazing conclusion! Who made it?

Let's try again;
It can be a useful asset if governments inflate the fiat currency.

51 posted on 06/01/2006 8:37:24 AM PDT by Protagoras ("A real decision is measured by the fact that you have taken a new action"... Tony Robbins)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Beelzebubba
but a 5% rate of return on something that is a guaranteed store of wealth over the long term ain't.

A guaranteed store of wealth that dropped 13% in a few weeks? That's funny!

52 posted on 06/01/2006 8:39:32 AM PDT by Toddsterpatriot (Why are protectionists so bad at math?)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Smokin' Joe

I agree. Lead is always a good investment. The really important metals are measured by the grain, not the ounce.


53 posted on 06/01/2006 8:39:49 AM PDT by Comstock1 (If it's a miracle, Colour Sergeant, it's a short chamber Boxer Henry point 45 caliber miracle.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: Grampa Dave

Precious metals never completely lose value, unlike many stocks, like Enron, Global Crossings, Tyco, etc.

And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in.


54 posted on 06/01/2006 8:39:52 AM PDT by Blzbba (Beauty is just a light switch away...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Proud_USA_Republican

"I'll wait for it to crash and then show signs of life. Don't like to catch a falling knife.'

Over the holidays, a friend got one of the new really sharp Japanese Chef knives, it slipped out of her right hand. She grabbed it on the way down with her left hand for just under 50 stiches.

The local ER was doing some study on these knife hand injuries during holiday seasons, and they ran an alcohol/drug screen free of charge. When it came back negative, the Er doc told her family doc, our friend might want to have a glass of wine before using her new knife. That way if she dropped it, her reflexes would be too slow to catch the knife. Then she could wear steel toed boots in the kitchen.


55 posted on 06/01/2006 8:40:47 AM PDT by Grampa Dave (There's a dwindling market for Marxist homosexual lunatic wet dreams posing as journalism)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Blzbba

Don't tell TP that..


56 posted on 06/01/2006 8:41:54 AM PDT by eyedigress
[ Post Reply | Private Reply | To 54 | View Replies]

To: Anitius Severinus Boethius
Only because we give it value. It is fiat yellow metal!

Isn't that true of everything? What creates value? I'm trying to write an article on that topic and can use all the good input I can find.

57 posted on 06/01/2006 8:42:41 AM PDT by Bernard Marx (Fools and fanatics are always certain of themselves, but the wise are full of doubts.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: rdb3

Great suits.

I wonder if anyone has tracked the price of Armani Suits versus Gold in the past 3 decades.


58 posted on 06/01/2006 8:42:50 AM PDT by Grampa Dave (There's a dwindling market for Marxist homosexual lunatic wet dreams posing as journalism)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Grampa Dave
"Gold is real money and the world's currencies are nothing but pretty linen ."


59 posted on 06/01/2006 8:43:18 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
[ Post Reply | Private Reply | To 47 | View Replies]

To: Protagoras
Let's try again;
It can be a useful asset if governments inflate the fiat currency.

Relax Francis. I'm tweaking the ignorant goldbugs. It's obvious you are neither. I know what inflation does to hard assets.

60 posted on 06/01/2006 8:43:41 AM PDT by Toddsterpatriot (Why are protectionists so bad at math?)
[ Post Reply | Private Reply | To 51 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 361-377 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson