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Gold futures fall as oil retreats, dollar rises
Market Watch ^
| October 23, 2006
| Ciara Linnane
Posted on 10/23/2006 7:31:57 AM PDT by Toddsterpatriot
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To: Terabitten
Because it can be traded in a market.
21
posted on
10/23/2006 8:18:46 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Fan of Fiat
A wise freeper told me that gold does well during inflation and deflation.
22
posted on
10/23/2006 8:21:38 AM PDT
by
Toddsterpatriot
(Goldbugs, immune to logic and allergic to facts. You know who you are.)
To: Toddsterpatriot
Do financial advisors recomend that people put five to 10 percent of their investments in gold?
23
posted on
10/23/2006 8:23:08 AM PDT
by
winodog
To: Toddsterpatriot
But, but, but the "buy gold now commercials" are saying gold is going to $1,000.00 an ounce, if not more.......
RUN AWAY!
24
posted on
10/23/2006 8:24:54 AM PDT
by
roaddog727
(BullS##t does not get bridges built)
To: Mase; Toddsterpatriot
You guys headed up to Big Rock Candy Mountain too?
See ya there!
25
posted on
10/23/2006 8:28:22 AM PDT
by
Petronski
(CNN is an insidiously treasonous, enemy propaganda organ.)
To: winodog
Do financial advisors recomend that people put five to 10 percent of their investments in gold? Some financial advisors make all sorts of bad recommendations, so anything is possible.
26
posted on
10/23/2006 8:29:42 AM PDT
by
Toddsterpatriot
(Goldbugs, immune to logic and allergic to facts. You know who you are.)
To: Terabitten
.. if our fiat money collapses, there will only be a few items of actual value.. Right as rain. When things get to the point of a 'Gold' economy, it will actually be a 'Lead' economy, if you take my meaning.
27
posted on
10/23/2006 8:30:06 AM PDT
by
MrNatural
("...You want the truth!?...")
To: Petronski; Mase
You guys headed up to Big Rock Candy Mountain too?As soon as I buy a new suit with an ounce of gold! Maybe I could use a pinch of dust to buy some new shoes?
28
posted on
10/23/2006 8:32:42 AM PDT
by
Toddsterpatriot
(Goldbugs, immune to logic and allergic to facts. You know who you are.)
To: Terabitten
To: Terabitten
To: Abathar
"But....But.... The guy on the television last night said that gold was set to rise - even DOUBLE!!! </s>"
Don't listen to those ads, instead listen to Bill O'Reilly who has been pushing gold as well. Trust O'Reilly, he's for the common folks.
To: Petronski
Now I have Fiat fiat moneyPaper money is flat, and that's phat.
Making it phat flat fiat Fiat cash.
32
posted on
10/23/2006 8:36:43 AM PDT
by
Lazamataz
(Islam is a pathological disorder masquerading as a religion.)
To: Toddsterpatriot
I am fairly certain that a lot of wise people have invested a small portion of their portfolio in PM.
Where do you draw the line between this type of invester and a goldbug?
33
posted on
10/23/2006 8:36:52 AM PDT
by
winodog
To: winodog
Where do you draw the line between this type of invester and a goldbug?You might be a goldbug if:
1) You use the phrase "fiat money"
2) You say gold and silver are the only "real" money
3) You say gold is a "store of value"
34
posted on
10/23/2006 8:45:25 AM PDT
by
Toddsterpatriot
(Goldbugs, immune to logic and allergic to facts. You know who you are.)
To: Terabitten
Food, women and/or the means to get food and women, (land, weapons, women, and ammo), women, and the means to secure your food, land, and women (weapons, women, and ammunition) have traditionally been the only items of real value when the economy completely tanks.
35
posted on
10/23/2006 8:45:26 AM PDT
by
Lazamataz
(Islam is a pathological disorder masquerading as a religion.)
To: Toddsterpatriot
Thats fair. It just seems to me that anyone who has purchased PM for whatever reason is attacked on these threads. They are belittled, called names, made fun of if they stick up for gold in any manner.
36
posted on
10/23/2006 8:49:02 AM PDT
by
winodog
To: winodog
Where do you draw the line between this type of invester and a goldbug?Another typical goldbug behavior lies in claiming "now" is a good time to buy gold, where "now" is both a time of rising and a time of falling prices, or "now" is a boom and a recession. "No matter the current conditions, you should be buying lots of gold right now. And yes, we accept fiat money..."
37
posted on
10/23/2006 8:49:23 AM PDT
by
Petronski
(CNN is an insidiously treasonous, enemy propaganda organ.)
To: winodog
It just seems to me that anyone who has purchased PM for whatever reason is attacked on these threadsIt depends on the reason for the purchase. If you bought gold because you thought it would go up and are not irrationally "married" to your position, that's an entirely defensible viewpoint.
If you use those phrases I listed above, then it's open season. If you insist that gold has to hit $1650 because.....then I'm going to belittle and make fun of you. If you say that deflation would be a good thing then I am going to ridicule your economic ignorance.
38
posted on
10/23/2006 8:53:33 AM PDT
by
Toddsterpatriot
(Goldbugs, immune to logic and allergic to facts. You know who you are.)
To: winodog
They are belittled, called names, made fun of if they stick up for gold in any manner. You think you got it rough, try being in favor of Free Silver.
39
posted on
10/23/2006 8:54:52 AM PDT
by
Tijeras_Slim
(Dancing through life like a street mime with tourettes syndrome.)
To: Terabitten
"You can't eat gold, you can't sleep on it, or with it. Therefore, gold is as much a fiat currency as paper money in the event of a total economic collapse." I had a teacher years ago who taught me about the real value of items.
He had a simple test: Imagine yourself on a deserted island with the item in question with no possible way to ever get off the island. If that item can reduce your workload to survive or give you sustenance or shelter then it has REAL value.
All else has fiat value.
40
posted on
10/23/2006 8:58:39 AM PDT
by
Mad Dawgg
("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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