Gold update: Gold over $1000 and still no gold bubble - Eric Janszen

[BiscayneSunrise]

Re: Gold update: Gold over $1000 and still no gold bubble - Eric Janszen

Another feature of a real bubble is one we haven't seen yet: That is the con men and ponzi schemes.

Thus far, investment in gold has been the trade of legitimate dealers and brokers. At some point (probably soon) the criminals will see this as an other lucrative way to swindle money from the gullible. Some things to look for in the upcoming gold con that are always universal in a con:

-The too good to be true factor.

-Beware of gleaming offices in Class A space and other displays of ostentatious wealth.

-If the receptionists are young and stunningly beautiful, beware.

Here is a link to a pair of our more notorious con men down here in S Florida, The Alderdice Brothers and their infamous "International Gold Bullion Exchange" circa 1980:

http://www.time.com/time/magazine/ar...923619,00.html

[metalman]

Re: Gold update: Gold over $1000 and still no gold bubble - Eric Janszen

Another feature of a real bubble is one we haven't seen yet: That is the con men and ponzi schemes.

Thus far, investment in gold has been the trade of legitimate dealers and brokers. At some point (probably soon) the criminals will see this as an other lucrative way to swindle money from the gullible. Some things to look for in the upcoming gold con that are always universal in a con:

-The too good to be true factor.

-Beware of gleaming offices in Class A space and other displays of ostentatious wealth.

-If the receptionists are young and stunningly beautiful, beware.

Here is a link to a pair of our more notorious con men down here in S Florida, The Alderdice Brothers and their infamous "International Gold Bullion Exchange" circa 1980:

http://www.time.com/time/magazine/ar...923619,00.html

this time the gold scams are on the buy side...

Cash 4 Gold Complaints - Cash 4 Gold is a SCAM CONFIRMED

Oct 27, 2008 ... Cash 4 Gold - Potential Scam - Need Your Input ... CASH FOR GOLD IS A SCAM AND WE REPORTED THEM TO OUR LOCAL POLICE DEPARTMENT. ...
www.complaintsboard.com/.../cash-4-gold-c115287.html

Cash for Gold Scams Don't Sell your Gold for Cash!...Here's why

During a financially troubling time as was the case with the Great Depression, the last thing you want to do is let go of something that has monetary value.
www.cashforgoldscams.com/

etc, etc...

[Slimprofits]

Re: Gold update: Gold over $1000 and still no gold bubble - Eric Janszen

there are 2 all news a.m. stations in nyc. during the late '70s each one announced the price of gold every 30 minutes [wcbs at 25 and 55 after the hour, wins at 26 and 56 after the hour] as part of their regular business segments. i'll worry it's a bubble when that starts happening again.

Gold is up what, $20 today?

I was listening off and on to Bloomberg TV all morning and think I heard gold mentioned once. It's still almost all about the stock markets.

[halcyon]

Re: Gold update: Gold over $1000 and still no gold bubble - Eric Janszen

i'm frustrated. i've had it. enough of this shit.

No need to get emotional.

Also, calling another person a newbie and trying to play down arguments by calling other people stupid doesn't again put your arguments in a very good light.

You stand with your opinion, I stand with mine. Let's hope we both make money and enter/exit at the right time for our calls.

That's what it's about.

BTW, for future reference perhaps it's good to make a distinction between reading something and believing it. There is a difference for me at least. Most of the crap I read on the Internet I don't believe. Especially the gold-bug propaganda from gold-pushers. That doesn't mean I can't ride their game though. I just don't buy the ideas. Keeps me less emotional about my investments too.

Personally I believe the day I start calling people stupid, just because they disagree with me, I'm risking making a really bad trade (or even investment) decisions.

Always think both sides, look at the arguments, use what's useful and discard the rest. That's my credo.

I'm playing gold as a bubble. You're apparently playing something else (?). And make no mistake, it is a 'play', as nobody has a crystal ball on the future.

I'm here to discuss, not to argue or to try and win fights.