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I wonder if all the Glenn Beck and Hannity worshipers, who do everything they say, are freaking out right now. Worse yet, the taxpayers may wind up supporting a bunch of them who put everything they had in precious metals, sure that it was the only protection against economic collapse , because I'm guessing a chunk of them have lost their shirts.
Cant wait for Silver to drop below 10 and Gold 900 to start buying again. I made a killing the last several years selling off what I bought in the late 80's and early 90's
Gold is still on its downward spiral. The gold hysteria is coming to an end. Nothing wrong with gold in and of itself, but putting all your eggs, or most of them, in the gold basket is not spelling good outcomes for people who haven't held onto gold for a very long time. Yet FBC and FNC are still pushing gold as some sort of excellent, solid investment with the assumption that gold prices are going to go through the roof again
I wonder if all the Glenn Beck and Hannity worshipers, who do everything they say, are freaking out right now. Worse yet, the taxpayers may wind up supporting a bunch of them who put everything they had in precious metals, sure that it was the only protection against economic collapse , because I'm guessing a chunk of them have lost their shirts.
You know that's true. Just go to the "self sufficiency & prepperation" subform here at CDF and you'll see poor deluded people who bought into that nonsense with their entire life's savings.
Gold is still on its downward spiral. The gold hysteria is coming to an end. Nothing wrong with gold in and of itself, but putting all your eggs, or most of them, in the gold basket is not spelling good outcomes for people who haven't held onto gold for a very long time. Yet FBC and FNC are still pushing gold as some sort of excellent, solid investment with the assumption that gold prices are going to go through the roof again
yeah it was a bubble. Hopefully all commodities will decrease in price. Consumers will then benefit.
Gold is still on its downward spiral. The gold hysteria is coming to an end. Nothing wrong with gold in and of itself, but putting all your eggs, or most of them, in the gold basket is not spelling good outcomes for people who haven't held onto gold for a very long time. Yet FBC and FNC are still pushing gold as some sort of excellent, solid investment with the assumption that gold prices are going to go through the roof again
Some think it was one or more of the banksters making a short play.
And no one has yet explained those mysterious huge gold trades that happened in the middle of the night that sparked the "flight from gold", then 100 tonnes at the opening and then 300 tonnes over minutes shortly after the opening.
400 tonnes was too much to absorb and the market collapsed.
Some think it was one or more of the banksters making a short play.
And no one has yet explained those mysterious huge gold trades that happened in the middle of the night that sparked the "flight from gold", then 100 tonnes at the opening and then 300 tonnes over minutes shortly after the opening.
400 tonnes was too much to absorb and the market collapsed.
Individuals don't keep that much gold.
It's been sliding for over a year though so a blip here or there is meaningless.
The other aspect is that gold supply has been coming on-line for the last few years due to higher prices and in the light of the most recent decline it's expected to rebound a bit as higher cost gold operations are shuttered.
It's been sliding for over a year though so a blip here or there is meaningless.
The other aspect is that gold supply has been coming on-line for the last few years due to higher prices and in the light of the most recent decline it's expected to rebound a bit as higher cost gold operations are shuttered.
400 tonnes in a matter of hours is no "blip". That was huge and collapsed the market..15% of the world's production put into 2 orders a few hours apart ?
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, because I'm guessing a chunk of them have lost their shirts.
