Gold will still be gold when paper explodes and burns.
Posted on 11/05/2014 6:17:31 AM PST by blam
Elena Holodny
November 5, 2014
Gold is getting crushed. Again.
The yellow metal is at $1,140 per ounce, down by about 2.3%. It got as low as $1,137. This is the lowest level since April 2010.
Gold has been dropping to new lows for several weeks as the dollar has strengthened.
Oil is another commodity that is tumbling again. WTI crude oil prices dropped as low as $75.84 per barrel shortly after 5 a.m. ET. Brent crude touched $81.63. While this is great for consumers, this is troubling for the oil producers, who may be forced to idle unprofitable projects.
(snip)
(Excerpt) Read more at businessinsider.com ...
LMAO...
Isn’t that the truth.
“No FReeper ever lost money on gold - just ask them.”
Gold was about $250 when I started buying. Do you really think I have lost anything? Many people started buying when gold hit $750.
Your ignorant comments make it sound like no investment is ever worth attempting. Your comments could be made of any investment vehicle from stocks to real estate.
Yes, but buying at $2000 and holding at $1150 an ounce can certainly be demoralizing...
But, but, but... Kevin Demerit was just on the radio telling me gold was going to $2000 by year’s end. He promised to send me the insider’s report.
More fiat currency means gold is worth less. Just like 2+2=5.
Paper shorting of ETFs by central banks must be huge right now. As Japan prints and borrows, they are probably are buying some of the real stuff in lower dollar values than they are shorting it. The central banks probably also have some way of covertly buying gold w/o going through the markets.
The one thing that cannot happen is that the central banks do not have the gold that the claim they still have. The dollar must be defended as the reserve currency and defend against competitors BRICs. They need to get gold back at depressed prices. This is all a big scam, a shell game.
Yeah, I can see the depression factor of that,
but you have to buy PMs with the right mindset.
You’re not “making an investment”, you’re preserving your wealth in the event of a worthless currency.
Germany in 1923 - a mere hiccup compared to what’s on the horizon!
"
Hyperinflation - When Money Dies: Germany And Paper Money After 1910
For those who follow Silver, it dipped to a bit above $15.10 and is now floating around $15.375 per ounce.
We’ve got a stronger dollar this morning.
We as Christians and preppers should be ready for this, we knew this was coming.
Haha! I love the thought of Glenn Beck losing money on his darn Goldline.
I do agree with that.
I also note that the big dips in the metals mean we have a stronger dollar too.
I realize we have major problems, but I am convinced that with the right person at the helm, new sound policies put in place, we could let the populace keep more of their money, and reap increased tax revenues at the same time.
At that point you pay down the debt, the dollar goes postal.
Short-sighted...folks don’t understand the chaotic/purposeful anarchy 0 has planned for Nov 5-Jan 31...likely before Dec 6th Louisiana runoff.
more eb0la
more Haiti
more other countries of risk
amnesty
EPA nightmarish stuff like taking land from BofLM, messing with coal some more and oil and fracking...
likely IR$ stuff
Bottled water, amm0, and dried food.
Gold will still be gold when paper explodes and burns.
I didn't say that now did I? It must really suck to be such a bitter person.
Read my other comment on this thread.
I've been investing all my adult life, it enabled me to retire 15 years ago at age 54.
The physical gold bullion black market is very large and growing. It is centered in Dubai.
Many don’t have gold as an “investment” for profit...
gold drops as the dollar gets stronger
this would be a statement that the world sees republicans as working to benefit the country and not working to destroy it as has been the case for the last 6 years
Met a “good ‘ole boy” from Clay Co. Alabama(very rural) on the lot a couple of days ago. He’s been working in the old fields of North Dakota for the last few years. Making 90-100k. He says oil hits 60 a barrel then there goes his job.
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