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Sharp selloff in gold!
Gold Prices Online ^
| 07/23/2002
| Lazamataz
Posted on 07/23/2002 10:50:06 AM PDT by Lazamataz
Gold has sharply dropped this afternoon, losing 11.00 dollars per ounce as of 1:43PM EST. The loss amounted to more than 3% of overall value of the commodity.
Normally considered a 'refuge investment', gold has gained in value while individuals try to find a place to keep their money in the face of a foundering stock market. While this has led to a run up in prices, there are risks of sharp losses in value, as has occured today.
It is not yet clear what has caused this dropoff in gold prices.
TOPICS: Business/Economy; Front Page News
KEYWORDS: goldbugs
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To: Lazamataz
The Art Bell crowd aint going to like this, they've been buying gold because he said it would go up not down.
61
posted on
07/23/2002 11:53:19 AM PDT
by
fella
To: steveegg
I'm actually grateful that I do'nt have assets. Don't even own the home I live in. I can spectate and not worry about what I have depreciating, devaluaing, and disappearing.
Plus, I can hope/wonder if in a few years something like a three bedroom home or some stocks in a decent company might be in my price range again...
But still, I am concerned about what will happen to others, and my country. The last great economic upheaval brought about the widespread acceptance of socialism in the U.S. Just because I found my grandparents stories about the '30's interesting, does'nt mean that I want to experience them first hand.
62
posted on
07/23/2002 11:54:37 AM PDT
by
L,TOWM
To: 1Old Pro
Must have been the Sunday NY Times
But, of course.
63
posted on
07/23/2002 11:56:28 AM PDT
by
BikerNYC
To: StriperSniper
Cars (Slinger Speedway, the "fastest 1/4 mile", has the Miller Light Nationals).
64
posted on
07/23/2002 12:02:40 PM PDT
by
steveegg
To: L,TOWM
I hear you. I already took a glimpse at the RAT 2002 playbook, and I don't like what I see (can you say, Soviet Union?).
65
posted on
07/23/2002 12:03:54 PM PDT
by
steveegg
To: steveegg
Invite a tree-hugger. ;-)
To: StriperSniper
Me to tree-hugger: Stand right here on this line; it's the best seat in the house :-)
67
posted on
07/23/2002 12:08:31 PM PDT
by
steveegg
To: steveegg
LOL!
I was thinking of explaining the amount of fuel those engines dump in and burn in 10 seconds.
To: Lazamataz
WE'RE ALL GONNA DIE!!!
Is that how it's done, Laz? ;-)
69
posted on
07/23/2002 12:13:42 PM PDT
by
TomServo
To: StriperSniper
That too. At least there's plenty of trees around to soak up all the carbon dioxide (heck, I can accuse the "tree-huggers" of being murderers for wanting to choke the trees of their life-blood :)
70
posted on
07/23/2002 12:14:29 PM PDT
by
steveegg
To: TomServo
Not quite...
WE'RE ALL GONNA DIE!!!!
(larger font and one more "!")
71
posted on
07/23/2002 12:15:55 PM PDT
by
steveegg
To: Lazamataz
The $EU is down, and so is natural gas.
What's next? Commodities? Beef? Corn? Cars? Houses?
To: steveegg
They never see the humor in that.
To: TomServo; Lazamataz
<expletive deleted> it; forgot the bold. Laz, can you show us how it's done?
74
posted on
07/23/2002 12:17:14 PM PDT
by
steveegg
To: TomServo
WE'RE ALL GONNA DIE!!!
Close.
We're all gonna die!!!
See the difference? Now let's try again.
Also, when someone tells you that you are overreacting, don't forget to point out that you are, in fact, correct. We ARE all going to die, someday.
To: Lazamataz
What goldbugs may not realize (as don't most stock market players) is that "the game" is completely rigged. The point of "the game" is to separate the sheeple from their fleece.
The next shearing will take place in the real estate market.
What we are witnessing is the greatest wealth transfer in history - from the baby boomers to the Grifters who run "the game"...
To: Lazamataz
Thanks.
77
posted on
07/23/2002 12:18:22 PM PDT
by
steveegg
To: steveegg
You forgot not only the bold, but also the centering. The lowercasing also adds to the effect. Three or four exclamation points are equally suitable.
To: steveegg
Any time, egg.
To: Lazamataz
Obviously a last ditch attempt by the great banking conspiracy to prop up it's fiat money one last time before it's inevitable collapse. </ medication>
80
posted on
07/23/2002 12:20:00 PM PDT
by
tcostell
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