Skip to comments.
Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons
The Market Oracle ^
| 6-13-2010
| Lorimer Wilson
Posted on 06/13/2010 2:00:01 PM PDT by blam
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-59 last
To: RC one
Most silver is mined as a byproduct of gold mining. Very few pure "silver mines." The Comstock Lode was a rarity and even there gold was a major factor. If gold mining is in decline, then so will silver production be also, regardless of "industrial demand."
To: Redhd2
42
posted on
06/13/2010 3:54:04 PM PDT
by
arthurus
("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
To: preacher
Put a 6 month moving average on that and it will look a lot like a chart of actual inflation, I think.
43
posted on
06/13/2010 3:57:00 PM PDT
by
arthurus
("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
To: mamelukesabre
According to gold.org, gold demand is 68% jewelry, 19% investment and 13% industrial. Apart from a slight economic influence on jewelry, gold is going to be relatively free of economic influences. Silver demand on the other hand is much more strongly tied to economy although its monetary qualities have kept demand up
so gold would be held instead of traded for productive uses. The other aspect is that gold is an especially important form of money right now since most other currencies can (and probably will) be printed to pay of excessive debt.
44
posted on
06/13/2010 4:13:35 PM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: Star Traveler
I agree. Typically, we tend to think that any bad times are the beginning of the end - but we don’t know that. Jesus may come in five minutes, or in five centuries (though I tend to think it’s closer to the former than the latter!).
Point is, we ought to take wise precautions for the future, but at the same time, we should not make money, gold, etc, into our security. God only can be that. But it’s much about our attitude as anything else!
But seek ye first the kingdom of God, and His righteousness, and all these things shall be added unto you. (Matt. 6:33)
45
posted on
06/13/2010 4:34:29 PM PDT
by
Titus Quinctius Cincinnatus
(We bury Democrats face down so that when they scratch, they get closer to home.)
To: Titus Quinctius Cincinnatus
If gold goes that high, you will need one ounce to buy two bags of food.
If it goes that high, we would have been better off stocking up on seed and other food stuffs.
46
posted on
06/13/2010 5:58:13 PM PDT
by
Yorlik803
(better to die on your feet than live on your knees.)
To: arthurus
"entrepreneur"
entrapenuer=my bad, but close enough for government work. :)
47
posted on
06/13/2010 6:22:53 PM PDT
by
Redhd2
To: PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; OneLoyalAmerican; ...
Goldbug ping
Mail me to get on or off the Free Republic Goldbug Ping List.
48
posted on
06/13/2010 7:41:12 PM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: PugetSoundSoldier
To: Jet Jaguar
Thanks! That’s a pretty handy bar of silver!
50
posted on
06/13/2010 8:42:54 PM PDT
by
PugetSoundSoldier
(Indignation over the Sting of Truth is the defense of the indefensible)
To: Jet Jaguar
Northwest Territorial Mint.
Good company.
To: PugetSoundSoldier
To: PugetSoundSoldier
I think that you under-rate Gold's value as a scarce store of value; what makes Gold a non-Fiat currency is precisely the fact that "you can't just make more of it". Combined with Gold's other monetary qualities, it's not surprising that Gold is historically the element chosen by advancing monetary societies (like the gold-standard West of the 19th Century) as a form of large denomination Money.
But that being said, I agreed with everything you said about Silver. Gold has its monetary utility; but Silver has that as well, plus much more. I like the yellow metal, but I like the white metal a lot better myself.
53
posted on
06/13/2010 9:48:24 PM PDT
by
Christian_Capitalist
(Taxation over 10% is Tyranny -- 1 Samuel 8:17)
To: Larry Lucido
I predict it will be at $20 trillion by next year. Go get ya some now!
yeah... but what will 20 trillion buy you then??? That's the question... perhaps a single loaf of bread?
54
posted on
06/14/2010 3:26:22 AM PDT
by
dubie
(The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.)
To: blam; stephenjohnbanker
55
posted on
06/14/2010 3:28:34 AM PDT
by
Arthur Wildfire! March
(Dems vetted Alvin Greene as well as they did Obama. "Republican plant" aka "blame Bush")
To: Arthur Wildfire! March
Bernanke is a real traitor. He knows his policies will wreck the US, but is following through with them anyway.
56
posted on
06/14/2010 5:03:41 AM PDT
by
stephenjohnbanker
(Support our troops....and vote out the RINOS!)
To: Titus Quinctius Cincinnatus; Alamo-Girl
The gold bugs are a-bitin? LOL TQC! Well, they certainly bit me. We'll see how all that works out!
Thanks for the ping to a fascinating article! Jeepers, if what the author is alleging that there's a whole heck of a lot of "paper" trades in gold going on of possibly dubious settlement well, that is deeply disturbing to me....
57
posted on
06/14/2010 8:54:30 AM PDT
by
betty boop
(Those who do not punish bad men are really wishing that good men be injured. — Pythagoras)
To: betty boop
Thanks for the ping, dearest sister in Christ!
To: All
Bumpworthyastherearealotofinterestingcommentshere
59
posted on
06/14/2010 9:12:50 AM PDT
by
investigateworld
(Abortion stops a beating Heart)
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-59 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.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson