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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
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This should stir the Free Republic early morning stew pot.
To: Grampa Dave
But I thought gold was the only way to really store value? I heard that an ounce of gold has always bought a decent suit. (smirk)
2
posted on
06/01/2006 8:13:43 AM PDT
by
Toddsterpatriot
(Why are protectionists so bad at math?)
To: Grampa Dave
Who has that pic that goes, "Oh no, not this again!" :-)
3
posted on
06/01/2006 8:14:09 AM PDT
by
coconutt2000
(NO MORE PEACE FOR OIL!!! DOWN WITH TYRANTS, TERRORISTS, AND TIMIDCRATS!!!! (3-T's For World Peace))
To: Grampa Dave
Gold is good as a hedge against inflation, not as a long term investment. Even if our monetary system collapsed gold will still have value.
4
posted on
06/01/2006 8:16:10 AM PDT
by
ol painless
(ol' painless is out of the bag)
To: Toddsterpatriot
Shhh! Gold is magic! How dare you subject it to critical analysis like other lowly commodities!
5
posted on
06/01/2006 8:16:13 AM PDT
by
wideawake
To: Toddsterpatriot
The impending crash of gold will be an excellent buying opportunity, allowing maximum profit when it goes to $10,000 an ounce!
To: Grampa Dave
It can't be about to crash. I hear all those commercials Michael Savage does for Swiss America Trading!
7
posted on
06/01/2006 8:19:07 AM PDT
by
Xenalyte
(It's a Zen thing, you know, like how many babies fit in a tire.)
To: ol painless
Even if our monetary system collapsed gold will still have value.Not as much value as guns and gasoline.
8
posted on
06/01/2006 8:19:16 AM PDT
by
rhombus
To: Xenalyte; martin_fierro; Tijeras_Slim; Toddsterpatriot
BAHOG, don't fail me now!
9
posted on
06/01/2006 8:19:54 AM PDT
by
Petronski
(I just love that woman.)
To: Grampa Dave
Gold is gold. A is A.............
10
posted on
06/01/2006 8:20:12 AM PDT
by
Red Badger
(Liberals ignore criminal behavior, reward sloth and revere incompetence...........)
To: Xenalyte
Gold going up? BUY GOLD!
Gold going down? BUY MORE GOLD!
(Thus endeth the Swiss America Trading impersonation)
One of my neighbors was buying gold at the last peak.
I was selling.
Guess who made a profit?
To: BeHoldAPaleHorse
allowing maximum profit when it goes to $10,000 an ounce! Fiat money lover! Dollars will be worthless.
You must measure the value of gold versus useful things. Like packs of smokes and bottles of Jack Daniels.
12
posted on
06/01/2006 8:22:20 AM PDT
by
Toddsterpatriot
(Why are protectionists so bad at math?)
To: rhombus; ol painless
Even if our monetary system collapsed gold will still have value. Not as much value as guns and gasoline. Or BEANIE BABIES!!!!!!............
13
posted on
06/01/2006 8:22:59 AM PDT
by
Red Badger
(Liberals ignore criminal behavior, reward sloth and revere incompetence...........)
To: Petronski; Xenalyte; Tijeras_Slim; Toddsterpatriot
AIIIIIEEEEEEEEEEEEEEEEE!
To: Grampa Dave
Numismatic Gold...is always good stuff, if one is a coin collector.
Bullion coins are for playing the commodities game.
Gold may stay at these levels, it may go higher, it may go lower, as long as one tracks their investment...they'll be okay.
If the monetary system ever collapses, which is pretty extreme, I'd be worried about a lot more things thing than just the gold in my portfolio.
15
posted on
06/01/2006 8:24:17 AM PDT
by
in hoc signo vinces
("Houston, TX...a waiting quagmire for jihadis. American gals are worth fighting for!")
To: Grampa Dave
OK.
When all the pro's are saying "BUY GOLD NOW!" in these pushy commercials This means 1 and 1 thing only:
Gold (or whatever they are screaming about) is getting ready to peak and then tank, and these schmucks are looking to dump their positions on unsuspecting, gullible saps looking to make a fast buck.
When I hear these "BUY GOLD NOW!" commercials, I would Run, not walk but Run in the opposite direction.
16
posted on
06/01/2006 8:24:21 AM PDT
by
roaddog727
(eludium PU36 explosive space modulator)
To: Grampa Dave
HOT FOR GOLD
Tops in consumer demand for gold, in tons:
1. India 721.6
2. Middle East 387.3
3. U.S. 378.9
4. Mainland China 292.5
5. Turkey 248.4
17
posted on
06/01/2006 8:25:26 AM PDT
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: Toddsterpatriot
Fiat money lover!Naw, I don't like fiat money.
I like Ferrari money.
To: BeHoldAPaleHorse
To: Toddsterpatriot
"Gold at $2,000?" queries the headline on one of my favorite on-line investing sites. Could the author also be using newspundit.net for his financial news and information? Like us, he must appreciate their no nonsense hard hitting journalism and their detailed and objective financial analysis.
20
posted on
06/01/2006 8:26:12 AM PDT
by
Mase
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