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Old 04-15-2013, 05:54 PM  
KC native KC native is offline
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Calling all gold bugs...

Bet you wish you had diversified a little recently huh?

Oh and Stewie, weren't you saying gold was going to something like $2k?
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Old 04-16-2013, 07:54 PM   #46
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Heh.

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Old 04-16-2013, 10:45 PM   #47
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Gold has been a "false" market for years. Stewie has it right. Don't buy above $750 (I wouldn't buy above $500 myself) and wait for a crap economy like we have now and it will skyrocket over $1000 and you can sell. Yes it wen't way beyond $1000 but that was unpredictable bubble crap that I wouldn't touch this go round. We'll now more about it's new "middle ground" when we see what it drops to when/if the economy gets out of the crapper.
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Old 04-16-2013, 10:49 PM   #48
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Originally Posted by AustinChief View Post
Gold has been a "false" market for years. Stewie has it right. Don't buy above $750 (I wouldn't buy above $500 myself) and wait for a crap economy like we have now and it will skyrocket over $1000 and you can sell. Yes it wen't way beyond $1000 but that was unpredictable bubble crap that I wouldn't touch this go round. We'll now more about it's new "middle ground" when we see what it drops to when/if the economy gets out of the crapper.
Pretty much this.

Just another in the long line of speculative bubbles.
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Old 04-16-2013, 11:05 PM   #49
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Quote:
Originally Posted by 'Hamas' Jenkins View Post
Pretty much this.

Just another in the long line of speculative bubbles.
Now's the time to get in on the ground floor of tulip bulbs.




again.
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Old 04-16-2013, 11:06 PM   #50
teedubya teedubya is offline
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The precious metals market is heavily manipulated... lots of paper gold and paper silver...

A successful naked put for a couple hundred tons of gold happened last week. 500 tons maybe... I don't recall the specifics. But, that's insane. Naked Put? You have to know something to have the balls to mess with this much money.
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Old 04-16-2013, 11:11 PM   #51
teedubya teedubya is offline
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Should have bought more Bitcoins in 2011. They were $0.25-$0.40 a piece back in the day. heh. Imagine getting out at $200 last week.

That's some serious ****ing tulips. lol
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Old 04-16-2013, 11:50 PM   #52
KC native KC native is offline
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Originally Posted by Stewie View Post
Hold on a minute!!!

I've posted buying and selling of gold at every turn. I only bought gold between $380 and $750 per ounce.

I also sold gold at about $1800/oz. to pay off debts and for gains.

I guess that's stupid.

I still hold about 25% of my original investment that's free money.
heh

That's funny how you claim to have magically top ticked the market. Please link the post where you said you were selling at $1800.

Quote:
Originally Posted by Stewie View Post
$1200 or $1400 are long gone.

There's no top in gold. The governments of the "rich" nations are debasing their currencies on purpose. It's been going on for over a decade and gold is the beneficiary.
Especially when you were saying things like this in 2011. And you've never been consistent about what your actual gold holdings were. First it was physical, then it was miners and junior miners.


But we should just take your word that you not only top ticked the market but you are playing with house money now.
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Old 04-18-2013, 07:42 AM   #53
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Warning: Anecdotal


From a friend:
( No, not mine.)
I've been taking this opportunity to stock up on some yellow metal. Went to Hang Seng bullion counter yesterday. The line was out the door. It took an hour wait to see a teller. When I asked if people were buying in the dip or selling in panic, she told me that they haven't had once ounce of gold sold back to them all day. She told me they have sold more gold in 24 hrs than they normally do in 3 months. Yes, there was a lot of extra security. The guy in front of me bought over $1 million USD in gold. He paid in cash and walked out of the door with the bullion in a Nike bag. Amazing.
http://www.lewrockwell.com/blog/lewr...es/135889.html

It's great when gold drops, then we can buy more!! If they have any.
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Old 04-18-2013, 07:50 AM   #54
Amnorix Amnorix is offline
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[b]
It's great when gold drops, then we can buy more!! If they have any.


Be sure to let us know about those gold shortages if/when they happen.
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Old 04-18-2013, 07:52 AM   #55
theelusiveeightrop theelusiveeightrop is offline
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Now's the time to get in on the ground floor of tulip bulbs.




again.
Or Beanie babies...................
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Old 04-18-2013, 08:44 AM   #56
BucEyedPea BucEyedPea is offline
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Or Beanie babies...................
I have loads of those in my attic!
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Old 04-19-2013, 07:43 AM   #57
BucEyedPea BucEyedPea is offline
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Ron Paul not worried about drop in gold prices:

I asked Paul: What was behind the gold tumble? Was he worried?

"That's a market phenomenon," Paul said. "That's not unusual. It reminded me of shortly after gold was legalized, in 1975, summer of 1976, gold went from $35 up to $200! Now, $200 was really radical. From there it lost 50 percent. Markets are like that. They're erratic. But I don't see the price of gold as the issue as much as the value of the dollar. The value of the dollar is a subjective thing, it comes and goes, and there are a thousand different reasons why the values go up and down. There's nothing unusual about that market."

One unusual thing, maybe: "There's only one thing I someday hope I can find out. There were 53,000 contracts of gold sold immediately, in one sweep, the day that gold really crashed. Fifty-three thousand is huge, because the gold market is very small. Let's say we're a Chinese bank. We want to dump our treasuries and our dollars; we have $2 billion. You don't dump 'em in one day, because you lose your investment. The person who was getting rid of 53,000 contracts, why would they do that? If they wanted to just wean themselves off, they would have done it slowly."

Paul was going to hold his portfolio, unworried about a repeat. "It was an abnormal market phenomenon, but obviously the weak holders had to get out, and the strong holders are back and buying."

http://www.slate.com/blogs/weigel/20...ld_prices.html
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Old 04-19-2013, 10:26 AM   #58
KC native KC native is offline
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Quote:
Originally Posted by BucEyedPea View Post
I asked Paul: What was behind the gold tumble? Was he worried?

"That's a market phenomenon," Paul said. "That's not unusual. It reminded me of shortly after gold was legalized, in 1975, summer of 1976, gold went from $35 up to $200! Now, $200 was really radical. From there it lost 50 percent. Markets are like that. They're erratic. But I don't see the price of gold as the issue as much as the value of the dollar. The value of the dollar is a subjective thing, it comes and goes, and there are a thousand different reasons why the values go up and down. There's nothing unusual about that market."

One unusual thing, maybe: "There's only one thing I someday hope I can find out. There were 53,000 contracts of gold sold immediately, in one sweep, the day that gold really crashed. Fifty-three thousand is huge, because the gold market is very small. Let's say we're a Chinese bank. We want to dump our treasuries and our dollars; we have $2 billion. You don't dump 'em in one day, because you lose your investment. The person who was getting rid of 53,000 contracts, why would they do that? If they wanted to just wean themselves off, they would have done it slowly."

Paul was going to hold his portfolio, unworried about a repeat. "It was an abnormal market phenomenon, but obviously the weak holders had to get out, and the strong holders are back and buying."

http://www.slate.com/blogs/weigel/20...ld_prices.html

Ron Paul is a doctor.

Why don't you quote some actual financial professionals?
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Old 04-19-2013, 10:27 AM   #59
KC native KC native is offline
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heh

That's funny how you claim to have magically top ticked the market. Please link the post where you said you were selling at $1800.



Especially when you were saying things like this in 2011. And you've never been consistent about what your actual gold holdings were. First it was physical, then it was miners and junior miners.


But we should just take your word that you not only top ticked the market but you are playing with house money now.
So I guess you're going to ignore this now huh stewie?
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Old 04-19-2013, 04:02 PM   #60
teedubya teedubya is offline
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So I guess you're going to ignore this now huh stewie?
You're an insufferable prick. I bet your life sucks horribly.
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