Posted on 04/15/2013 7:05:37 AM PDT by SeekAndFind
Edited on 04/15/2013 8:51:37 AM PDT by Admin Moderator. [history]
Asdimundia 17:45....... Before the US$ there was always gold
I believe George Soros and a cabal of globalist wealth seekers are making gold crash to destroy your faith in PM as a haven, so they and their colluders in govt and business can swoop in and take control over it
I believe God has more important things to manage than the commodities market
Referencing God and using the “f” word in the article just doesn’t seem right...
Down 7.02% as of 10:30.
The blogger replies to his critics at his blog site.
Agreed. The author’s an idiot.
Yeah, I could have done without the hyperbole, too. Ditto the F-Bombs.
IMHO, Gold Bugs only are right about once per generation. When they're right, though, they're very, very right...and they can play off that until the bug bites again.
This is just my opinion, but I think that we've seen the top to precious metals for a good while. Please note, I don't have a dog in this fight, don't own any silver or gold. Like the author, I just hate to see suckers removed from their money.
No, GOD is making gold crash so more can get in before the currencies collapse.
He knows what’s coming, and a few of us have a glimpse of what’s coming. I’ve also see a lot of divine protection going on for His people. You very well could be spot on with your assessment.
OK if gold is really such a bad investment, can someone explain to me why almost every Central Banker is trying to buy more of it?
Can someone explain why Germany (in the center of the Euro storm) want theirs back?
How are the Europeans and Obama’s administration trying to “grow” this economy without new debt?
And when few are buying our debt, what is the government doing but to ask the FED to PRINT more money to take on the debt?
The fundamentals don’t make sense at all... at least not for the short term...
this guy is an idiot but fun to read anyways
lol...Wonder what they are going to buy after all the electronic-paper gold is sold?
>> But the Believers will conveniently fail to point out that stocks and real estate are also an inflation hedge - and a more productive one at that.
This guy is a brilliant economist!
Because he agrees with *me*. ;-)
It’s all over my head but I have the same questions about the dollar. Why would anyone be willing to exchange real gold for wothless fiat currency?
I’m with you - no way I’d buy paper gold.
I might buy metal stored somewhere else, but not paper.
What are the odds that someone who has a major stake in gold just took a huge profit taking, on the hopes he can induce panic selling and then ride the next wave back up?
A $400Billion dollar sale at a high-point is a good profit taking, AND could set up the market for another run.
RE: It’s all over my head but I have the same questions about the dollar. Why would anyone be willing to exchange real gold for wothless fiat currency?
I don’t believe the fundamentals of the Gold Market have changed at all.
This is a short term phenomenon which will revert back to FUNDAMENTALS.
If gold sucks so much, why is every Central Banker trying to buy more of it? Why does Germany want theirs back?
Money is flowing tot he USD because it is like the one (myopic) eye among the blind. Japan is printing money to force the Yen down. People are fleeing the Euro. Where else to go for the meantime?
*THAT* is the short term phenomenon (unrelated to fundamentals).
The EU and our Fed know you cannot grow the economy without new debt, and only governments can take on anymore debt, because they have a willing buyer in the FED. Once we have net growth in credit and assets held by the world Central Bankers, we will have gold back to where it will be.
It all belongs to God, so He’ll do with it whatever pleases Him.
Here’s his twitter account: @ReformedBroker
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