Gold getting KILLED!!!!

[Mega]

be under $900 very soon.
Mike

[rjwjr]

Re: Gold getting KILLED!!!!

Get all you can. EJ and the gang have a great track record. They say $2,500 gold, I say $900 is CHEAP.

[D-Mack]

Re: Gold getting KILLED!!!!

G-8 leaders to receive books on Canova, gold coins

ROME (AP) — World leaders attending the Group of Eight summit opening Wednesday in Italy will each be presented with a gift from the past and one for the future.

Handmade books portraying works by Neoclassical sculptor Antonio Canova,as well as gold coins representing an imaginary future world currency will be given to the participants at the opening of the three-day summit.

...

The coins, made by Belgian Luc Luycx, who designed one side of the Euro coins, are called "eurodollars," in a symbolic call for a common currency to unite Europe and the United States.

They have a value of euro2,800 ($3,900) and were produced by the United Future World Currency, a group pushing the idea of a global currency.


http://www.google.com/hostednews/ap/...A2jBQD99A8J080

well ,well an eurodollar coin for $3,900, not bad

[rjwjr]

Re: Gold getting KILLED!!!!

Mega's investment horizon...

[sunskyfan]

Re: Gold getting KILLED!!!!

Cash is King ... as in paper money. It is still hard to see real inflation when so much virtual money has been and is being destroyed. There is still little non-government capital formation happening. Add in ever increasing unemployment and reduced salaries and wages for those who keep their job and the inflation prediction really starts to loose steam. This is a crisis in exchange validity and gold will eventually get hurt as well. You may be able to take ownership of a house (oh boy) with gold but you won't be able to buy food or gas nor pay your taxes with it.

[rjwjr]

Re: Gold getting KILLED!!!!

Cash is King ... as in paper money. It is still hard to see real inflation when so much virtual money has been and is being destroyed. There is still little non-government capital formation happening. Add in ever increasing unemployment and reduced salaries and wages for those who keep their job and the inflation prediction really starts to loose steam. This is a crisis in exchange validity and gold will eventually get hurt as well. You may be able to take ownership of a house (oh boy) with gold but you won't be able to buy food or gas nor pay your taxes with it.

You look familiar...

[Kadriana]

Re: Gold getting KILLED!!!!

Don't these things tend to swing back and forth like a pendulum too? The lower it goes down, the greater the chance the higher it will go up. I would think the more commodity prices go down, the more the government is going to insist on a second stimulus.

[ricket]

Re: Gold getting KILLED!!!!

loose

I never trust anyone who "loses" the ability to distinguish the difference between "loose" and "lose".

Hint: You hit "o" one too many times there.

[rjwjr]

Re: Gold getting KILLED!!!!

G-8 leaders to receive books on Canova, gold coins

ROME (AP) — World leaders attending the Group of Eight summit opening Wednesday in Italy will each be presented with a gift from the past and one for the future.

Handmade books portraying works by Neoclassical sculptor Antonio Canova,as well as gold coins representing an imaginary future world currency will be given to the participants at the opening of the three-day summit.

...

The coins, made by Belgian Luc Luycx, who designed one side of the Euro coins, are called "eurodollars," in a symbolic call for a common currency to unite Europe and the United States.

They have a value of euro2,800 ($3,900) and were produced by the United Future World Currency, a group pushing the idea of a global currency.


http://www.google.com/hostednews/ap/...A2jBQD99A8J080

well ,well an eurodollar coin for $3,900, not bad

Great find, D-Mack. Thanks for sharing. I went to their web site. Here's the first article of their "manifesto". What kind of pansie-ass idealists are these idiots.

Manifesto

ART. 1
"Unity in diversity" is the foundation that drives this initiative, which started up in 1996. Its aim is to bring people together and go beyond national stereotypes. Its historical importance is even greater than its economic one; it is a goal built on faith, common hope, and the unification of cultural and spiritual roots.


I'm sure these putz-es consider themselves visionaries, but I sure don't see them succeeding.

[rjwjr]

Re: Gold getting KILLED!!!!

I never trust anyone who "loses" the ability to distinguish the difference between "loose" and "lose".

Hint: You hit "o" one too many times there.

Loose? You talking women? Cause I may have hit that one too many times also. Boo-yah.

[metalman]

Re: Gold getting KILLED!!!!

Cash is King ... as in paper money. It is still hard to see real inflation when so much virtual money has been and is being destroyed. There is still little non-government capital formation happening. Add in ever increasing unemployment and reduced salaries and wages for those who keep their job and the inflation prediction really starts to loose steam. This is a crisis in exchange validity and gold will eventually get hurt as well. You may be able to take ownership of a house (oh boy) with gold but you won't be able to buy food or gas nor pay your taxes with it.

meanwhile, back in the real world, away from the hubub of crackpot economics sites on the internets where rigorous historical analysis is routinely ignored... prices of gold coins continue to go up, up, up separate from the machinations of the commodity market as the smart money keeps on buying... while the crackpots argue and argue and argue as they have since 2001 when gold sold for $250...

[jtabeb]

Re: Gold getting KILLED!!!!

be under $900 very soon.

Okay, sell me yours then. I'll buy it! Heck, I'll even pay you WHAT IT COST YOU TO BUY IT!

Mike there are interventions and fundamentals.

Have you NOTICED that gold 1 month lease rates have FINALLY come out of negative territory and are positive again?

Do you know what that means?

It means the SHORT TERM PHYSICAL SUPPLY IS TIGHT.

SO let's do some figuring.

IF the short term supply is TIGHT, and the prices is going down, what do YOU THINK that means?

(I know, but I don't want to spoil it for you)

[Finster]

Re: Gold getting KILLED!!!!

be under $900 very soon.
Mike

I beg to differ. Gold is not doing much of anything. Cash is rising.

Sell high!

[jtabeb]

Re: Gold getting KILLED!!!!

You look familiar...

I'm glad we are on the same side of the debate!

Ouch! I winced just reading this retort.

[big67]

Re: Gold getting KILLED!!!!

I think too that there is a strong intervention and price suppression action in the gold market, since ages. Can't prove it. I am just guessing that is extremely desiderable for central banks and other powerhouses to avoid that gold establishes itself as the defacto currency, because this will take out any power they have.

Anyway, very soon it will become evident that the current economic crisis can't be backstopped by the states.

The state budgets (US, EU, JP) are going to get worst and worst.

My thumb guessing is that GDP is going to be down in some Euro countries by 8% this year, while tax receipts are falling and expenses are ballooning.

Deficits at the tune of 10% or more will thus pile up over already bloated deficits. Please remember that deficits mean bonds, and that bonds carry interests.

Can somebody figure out how much money is needed just to roll over the outstanding bonds? My thumb guess is that, for many states, the battle is already lost: no way to roll over, even at current benign rates.

Thus to finance the deficits, new bonds will flood the market as never before (old debt to be rolled over + current deficit ), and at some point a balance of payment crisis will eventually occur for some state.

Pick up the Argentina of your choice. One state will be enough: this will put an end to the current benign bond rates and start the last act of this show and fire up and free the gold market.

This will also kill anybody who is invested in longer term bonds.