-
-
Re: Barclays bank:- Short Gold its going to get KILLED!
For paper, maybe, although I doubt it. Physical at $800, no.
Be kinder than necessary because everyone you meet is fighting some kind of battle. -
Re: Barclays bank:- Short Gold its going to get KILLED!
Ok, lets all listen to Nadler now, what a JokeComment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
That would be more than what we paid for it.Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
$800...when the crisis ends....
And when it does, either a meal at McD's will be had for a silver quarter or there simply won't be a dollar. Then it will actually be A800 (Ameros) per ounce and All the dollars will have been traded in at the rate of $10 to A1.
Qustion Mega - In your world, HOW DOES this debt/credit/currency crisis end so that there still is a dollar and $800 gold??? A scenario, please.
Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
Over at the Kitco boards some folks are buying junk bags - the Silver quarters are selling just under $5 now.
Half dollars @ $8.4
Originally posted by cpnscarlet View Post$800...when the crisis ends....
And when it does, either a meal at McD's will be had for a silver quarter or there simply won't be a dollar. Then it will actually be A800 (Ameros) per ounce and All the dollars will have been traded in at the rate of $10 to A1.
Qustion Mega - In your world, HOW DOES this debt/credit/currency crisis end so that there still is a dollar and $800 gold??? A scenario, please.Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
I am having trouble understanding this part of the article:
1. How do prices pick a place to "live," and what effect does believing in those places have?Nadler believes gold prices should live between $800-$1,200 an ounce once the crisis abates "as investors comes back to more level headed type of asset allocation." Nadler still believes that 10% of every investor's portfolio should be in gold...
2. If every investor's portfolio goes to 10% gold, why does the price go down?
I admit I only skimmed the article because it seemed to be written by someone who doesn't care very much about their work so maybe I missed something.Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
What's bothersome is that when that happened in the very late 1970s it marked the late stages of the precious metals bull market. A classmate of mine in university was a subscriber to Howard Ruff's newsletter at the time and I remember him urging all of us poor starving [and bemused] students to load up on bags of junk silver and stash dried food [or something like that] to survive the "coming hyperinflation". What came instead was Paul Volcker... Oooops....Originally posted by Spartacus View PostComment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
he must believe everyone should have "paper gold"
issued at infinite reserve requirements (or is that zero reserve?)
A believer in fiat gold buggery (pun intended)
Originally posted by cburch24 View PostComment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
I don't think you're hearing people say buy gold yet. With the end of the housing bubble, we had multiple tv shows where people were flipping houses. At the end of the last gold bubble was when Mr. T was popular with all his gold chains. A lot of women I know still turn their nose up at yellow gold. When I see half the people I go to church at wearing gold bangles from India, I will take that as gold coming to the end of it's run.Originally posted by GRG55 View PostComment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
The true Indian woman always shows her status with Gold, so there is no chance of the price completely collapsing. None!Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
LMAOOriginally posted by Spartacus View Post
Nice one!
Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
Is this thread from 2009?Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
Originally posted by goadam1 View Post
No, just the point of view.Comment
-
Re: Barclays bank:- Short Gold its going to get KILLED!
Yeah, well my CEF took a 4.5% hit today. What's up with that?Comment
For a concise, readable summary of iTulip concepts developed over the past 16 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's book "Post Catastrophe Economy".
Join the discussion of today's events with a wide range of professionals with an interest in economics and finance. Register to join our 50,000 plus member registered community from 78 countries today.
Subscribe to iTulip Select for access to the longest running, deep, accurate, and unvarnished macro economic trends analysis and forecasting available, since 1998.
- If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.
Working...
Tweet
Comment