note the drop in the value of the dollar since the 70s. that matches your gold priced in dollars chart.
refer to my previous post for the explanation
Posted on 05/08/2012 1:01:48 PM PDT by GeorgeWashingtonsGhost
Precious metals are taking a hit today! Gold dropped below the $1600 mark for the first time in 5 months while silver also declined steadily throughout the day. All precious metals declining by over 1% today with Rhodium at -3.5%.
Invest in ammo.
Easier to trade with, much more valuable in a crisis.
I think you are right. I see gold skyrocketing and NOW IS THE TIME TO BUY. Unfortunately, I cannot afford to right now.
Chart looks just like the housing boom before it crashed....
Chart looks just like the housing boom before it crashed....
When Bush left office the GDP to debt ratio was about 70%. After 3.5 years in office that American Mugabe who resides in the WH increased the GDP to debt ratio to over 100%.
Here are the stats.
http://www.usgovernmentspending.com/federal_debt_chart.html
Yep.
Don’t show that to Bob Brinker.
He’ll have a cardiac.
....he’s an amazingly vociferous gold-hating blowhard.....
Not to mention, he’s a big fan of Maynard Keynes ....
Correct again. Getting good mileage from Gorilla brand duck tape! Stronger than standard tape, and stylishly black!
Little pricey but worth it!
Cheers!
Under $1600? At this moment, I see $1605.03 on the ticker...
note the drop in the value of the dollar since the 70s. that matches your gold priced in dollars chart.
refer to my previous post for the explanation
It fell below $1600 in the AM hours then rebounded slightly.
>> Chart looks just like the housing boom before it crashed....
Yeah, and it looks a lot like the tulip chart before tulips crashed, too.
A bubble is a bubble is a bubble.
(Oh! But I forgot! IT’S DIFFERENT THIS TIME.) ;-)
Does anyone wonder at what point the price of “paper gold” and “actual physical” (in one’s personal possession) will diverge?
I wouldn’t touch “paper silver or gold” ever - it is way too easy to manipulate - and like “musical chairs”...
... and when the music stops a lot of people are going to be in a world of hurt.
Remember all those flip your house shows and infomercials? Gold has been doing the same thing over the last several years.
Run like the wind comes to mind.I can't wait for all the shyster lawyers going after the gold co's.
mrkr
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