orion
05-17-2010, 11:36 PM
well gold at 1225 and krammer on mad money now admits gold is the thing to buy.
pretty much even cnbc has given into the 2012 predictions and market doom of the euro disaster.
talk of gold hitting 7500 by end of 2011.
to be fair here i look at this a see alot of doomsday specalation.
sure why not 2012 sounds good and well stock market crash oil a low doller a low euro take you pick anything can be used as a example for gold to go up.
and i belive it will.
just as long as gold companys back fox and run ads 24 7 and claim the doller worth nothing and inflation and all other kinds of nonsence you get people buying it just like the did tulips in holland to form the first bubble ever.
then when the price hits a mark like it did with oil it will drop like a rock.
how many people got burned on oil?
you know when something a bubble?
when people invest in something when it make zero sence.
that when.
gold is worthless.
why well gold has so few uses.
it dose not back money like people think because there not enough to back even the usa at 10,000 oz let alone inflation or lowns.
it has very limited production uses infact the only use known is in contact conections and that is cause it looks pretty when copper is not even used today in electronics cause it too expensive.
ibm i think was the only one to make use of copper in a chip and there was no copper in a intel copper mine PIII.
so what is gold used for?
nothing really we dont use pure gold ever because it too soft.
gold is alloy with copper or tin in jewelry yea it used in asia alot because it a tribal thing.
they wear there wealth pretty much in nomad cultures.
you cant sell gold easy aswell.
it not like a stock you cant earn a profit from or has any underliing value.
there is none other then what the market will bear.
so what good is a item you have a hard time to sell,store and will pay no profits.
nothing.
gold tends to have a value with inflation but stocks well they allways surpass inflation.
say you brought gold last year when it was 1000 and now it 1200 well that less then what 20%.
the stock market gains where around 60%.
and that not taking into account if you moved in and out of the market.
if you had double down after the nasty thursday two weeks ago and bet on good stocks that were betten down and took profits you walked away with a solid 10-20% gain in what two days.
what you say what about 2012?
well if you buy gold coins and bars and you belive in solar stroms then you just a mega idiot.
how will you sell gold even if it hits 5000 a oz how will you unlaod it and turn that into protection.
infact gold is useless then.
you be far better off with dry cell batterys,ammo,long term food such as rice,grains,seeds things that will have a value in 2013 you can sell on ebay of just use.
they allways have some use even if 2012 is a another hoax.
if not well them things you can barter with for other goods or services.
do you think anyone will barter with something they cant use,eat or protect themself with.
i bet lots of people will still not use commen sence here just like they did not in junk bonds or oil futures.
and most of all if the stock maket smothes out and it will gold will drop like a rock when investors move from the gold stocks to company stocks.
and i can promise you they only have gold stocks not real gold because they need to buy a sell and move in and out of stocks fast so they just use gold stocks to hide from a panic and move out of it to recover.
that means gold is far over priced due to maket use of stocks based around it.
investors used gold stocks to move in and out curency and oil and that what drove it up that and ads on tv.
them ads want you NOT to buy gold stocks but real gold and that has caused everyone to dig more,smealt more used gold and look for it everywhere and push a balloon beyound when it value was before the rush.
so if gold was 300 before all the melting and mass digging then it value is much lower due to overproduction and true value could be half that or even lower.
could i be wrong?
mo i cant be but gold can go higher but one thing for sure the high it gose the more the panic will be when it fails to hold a higher price and the more people will panic knowing it price is far beyound anything ever.
gold hit 600 a oz in the 70's sure up from 150 or something silly in less then a year but gold also slid down fast and that something most people forget how many got burned on the way down.
infact i think what made the wall street crash a main street total disaster was the massive run up in oil that was a mega inflation drag and then the drop in oil that went from 148 to 40 in a matter of months.
billions were wiped out in that future market in oil and metals.
wiped clean from the market when people made a play that never held and were locked into futures that said oil would hit 300 or 500.
rember that it was not so long ago we said we did not have enough oil and oil would be a safe bet.
never go down.
now it back around 75 as people are back wondering if they can ride the wave up again when infact the usa has overproduction and people ignore the free market.
greed allways ruins people.
greed is good that was the line from wall street.
yea and they tought japan would run the usa today in the 80's too.
so before you jump on the gold rush think twice.
how will i jump on this ride when it over.
you might wanna think about that.
it been my experence that greedy people never know when to fold and walk away from the table when there up.
pretty much even cnbc has given into the 2012 predictions and market doom of the euro disaster.
talk of gold hitting 7500 by end of 2011.
to be fair here i look at this a see alot of doomsday specalation.
sure why not 2012 sounds good and well stock market crash oil a low doller a low euro take you pick anything can be used as a example for gold to go up.
and i belive it will.
just as long as gold companys back fox and run ads 24 7 and claim the doller worth nothing and inflation and all other kinds of nonsence you get people buying it just like the did tulips in holland to form the first bubble ever.
then when the price hits a mark like it did with oil it will drop like a rock.
how many people got burned on oil?
you know when something a bubble?
when people invest in something when it make zero sence.
that when.
gold is worthless.
why well gold has so few uses.
it dose not back money like people think because there not enough to back even the usa at 10,000 oz let alone inflation or lowns.
it has very limited production uses infact the only use known is in contact conections and that is cause it looks pretty when copper is not even used today in electronics cause it too expensive.
ibm i think was the only one to make use of copper in a chip and there was no copper in a intel copper mine PIII.
so what is gold used for?
nothing really we dont use pure gold ever because it too soft.
gold is alloy with copper or tin in jewelry yea it used in asia alot because it a tribal thing.
they wear there wealth pretty much in nomad cultures.
you cant sell gold easy aswell.
it not like a stock you cant earn a profit from or has any underliing value.
there is none other then what the market will bear.
so what good is a item you have a hard time to sell,store and will pay no profits.
nothing.
gold tends to have a value with inflation but stocks well they allways surpass inflation.
say you brought gold last year when it was 1000 and now it 1200 well that less then what 20%.
the stock market gains where around 60%.
and that not taking into account if you moved in and out of the market.
if you had double down after the nasty thursday two weeks ago and bet on good stocks that were betten down and took profits you walked away with a solid 10-20% gain in what two days.
what you say what about 2012?
well if you buy gold coins and bars and you belive in solar stroms then you just a mega idiot.
how will you sell gold even if it hits 5000 a oz how will you unlaod it and turn that into protection.
infact gold is useless then.
you be far better off with dry cell batterys,ammo,long term food such as rice,grains,seeds things that will have a value in 2013 you can sell on ebay of just use.
they allways have some use even if 2012 is a another hoax.
if not well them things you can barter with for other goods or services.
do you think anyone will barter with something they cant use,eat or protect themself with.
i bet lots of people will still not use commen sence here just like they did not in junk bonds or oil futures.
and most of all if the stock maket smothes out and it will gold will drop like a rock when investors move from the gold stocks to company stocks.
and i can promise you they only have gold stocks not real gold because they need to buy a sell and move in and out of stocks fast so they just use gold stocks to hide from a panic and move out of it to recover.
that means gold is far over priced due to maket use of stocks based around it.
investors used gold stocks to move in and out curency and oil and that what drove it up that and ads on tv.
them ads want you NOT to buy gold stocks but real gold and that has caused everyone to dig more,smealt more used gold and look for it everywhere and push a balloon beyound when it value was before the rush.
so if gold was 300 before all the melting and mass digging then it value is much lower due to overproduction and true value could be half that or even lower.
could i be wrong?
mo i cant be but gold can go higher but one thing for sure the high it gose the more the panic will be when it fails to hold a higher price and the more people will panic knowing it price is far beyound anything ever.
gold hit 600 a oz in the 70's sure up from 150 or something silly in less then a year but gold also slid down fast and that something most people forget how many got burned on the way down.
infact i think what made the wall street crash a main street total disaster was the massive run up in oil that was a mega inflation drag and then the drop in oil that went from 148 to 40 in a matter of months.
billions were wiped out in that future market in oil and metals.
wiped clean from the market when people made a play that never held and were locked into futures that said oil would hit 300 or 500.
rember that it was not so long ago we said we did not have enough oil and oil would be a safe bet.
never go down.
now it back around 75 as people are back wondering if they can ride the wave up again when infact the usa has overproduction and people ignore the free market.
greed allways ruins people.
greed is good that was the line from wall street.
yea and they tought japan would run the usa today in the 80's too.
so before you jump on the gold rush think twice.
how will i jump on this ride when it over.
you might wanna think about that.
it been my experence that greedy people never know when to fold and walk away from the table when there up.