"Ahhh, that technical analysis is a load of crap."
44.5 > 57 in a month. Tell me you've seen a more textbook double bottom than June > August.
Posted on 09/16/2012 4:48:28 PM PDT by blam
How long has it been since we've heard predictions of $10k gold?
Here comes inflation.
Obama will screw the very people he says he cares about, while demonizing Romney as a rich wall street fat cat that aint “down wid de struggle”
Goldbug ping
I haven’t done any panning/sluicing in what seems like forever...
I’ve invested *heavily* in the precious metals of brass & lead. Are people going to throw gold bars and silver coins at zombie looters and gangs? LOL. Shoot them, stack them like cordwood and burn them. Or just let the buzzards and maggots feast.
Never gonna happen. Why not? Because once it gets to 2500-2600, I’ll give in and start buying. Whereupon, gold will instantly drop back to the 400-500 range. (Prior results are not indicative of future losses, but come on, now, already!)
If gold goes to $10K, what will a gallon of milk be..
Your ‘brass & lead’ will become currency too. 9mm’s instead of dollars. Imagine that? A currency that doubles as ammo. Now THAT’s buying power. Literally.
If the people pushing you to buy gold really believed it was going to increase by 600% or more, they wouldn’t be selling it at $1600.
Ammo (brass/lead) will always be “in style” and quite fungible. I can see some of the other commodities taking a dump, though.
Gold will be worth nothing if there is no currency to exchange with in value. We are headed for that world.
About $22.50 a gallon. (That's 5.6 times @ $4.00 a gallon presently)
"Ahhh, that technical analysis is a load of crap."
44.5 > 57 in a month. Tell me you've seen a more textbook double bottom than June > August.
Can't say I ever remember reading gold going to $10K. On the other hand, just a few months ago I remember reading the economy is doing great and gold is going sub $1K...
Gitcher’sef a cuppla’ hogs.
Exactly.. and at that price, I would think society will have collapsed.
4-legged, 2-wheeled or 12ga kind?
“Here We Go Again.
How long has it been since we’ve heard predictions of $10k gold?”
About as long as it’s been since we’ve heard predictions of Gold collapsing back to $600, from the crowd who missed out on the big run-up.
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