CLICK HERE for NIKON MONARCH 3 5 7 !
 

Page 1 of 11 1 2 3 10 11 >
Topic Options
#7640743 - 04/11/13 04:35 PM Are We About to See a Global Gold Selling Spree?
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3201
Loc: polar orbit
Fox News: Are We About to See a Global Gold Selling Spree?

If the price goes down a few hundred bucks per ounce then I hope the Fed creates some more money out of thin air to buy gold. That will keep the price up, and if there's a finical crisis in the future they can sell the gold then. Interesting how the Fed can seemingly create gold out of thin air. Of course, central banks have been doing that for a long time.

Top
RV 728 BP
#7640868 - 04/11/13 05:10 PM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
OrangeOkie Offline
Campfire Outfitter

Registered: 01/04/09
Posts: 7531
Loc: Oklahoma
Should you trust a man whose "eyebrows" are actually a single "eyebrow?"

_________________________
No man is so foolish as to desire war more than peace: for in peace sons bury their fathers, but in war fathers bury their sons. - Herodotus


Top
#7640915 - 04/11/13 05:26 PM Re: Are We About to See a Global Gold Selling Spree? [Re: OrangeOkie]
EthanEdwards Offline
Campfire Oracle

Registered: 11/05/05
Posts: 34285
Originally Posted By: OrangeOkie
Should you trust a man whose "eyebrows" are actually a single "eyebrow?"

Unibrow. Dude needs to sell some gold and get some laser treatments. Probably gots a forest on his back!
_________________________
Even before my Father's Father, they called us all rebels and they burned down our cornfields and left our cities leveled...

Top
#7641697 - 04/11/13 09:19 PM Re: Are We About to See a Global Gold Selling Spree? [Re: OrangeOkie]
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3201
Loc: polar orbit
What, you never saw a central banker before? If they were good looking they would be in sales or on TV. smirk

Top
#7644025 - 04/12/13 03:33 PM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3201
Loc: polar orbit
Gold has dropped over $65 an ounce and is under $1,500 as of 11:30 am eastern time today. Maybe the article I posted yesterday is valid, or maybe the article itself is causing the selloff.


Top
#7644041 - 04/12/13 03:39 PM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
eyeball Offline
Campfire Oracle

Registered: 03/23/11
Posts: 32579
Mac, How long do you think this market can continue its run?
_________________________

The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.

If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.

Top
#7644099 - 04/12/13 03:56 PM Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3201
Loc: polar orbit
I was watching Fox business and a while ago they were saying the best historical indicator is that the market has a long ways to go yet. Of course, if I believed that 100% I would sell off all my other investments and buy stocks. Not going to do that, but I have invested more in stocks just in case the market goes way up.

It could be that investors (not doomsday preppers) see stocks going up for a while yet and they are selling off gold to take advantage of the trend. If so, then gold could be headed down and if we get into panic selling it could go under $1,000 an ounce. Fear works both ways and it's a more powerful motivator than greed.

Top
#7644125 - 04/12/13 04:03 PM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
tomk Offline
Campfire Guide

Registered: 03/16/04
Posts: 4091
Loc: Michigan
curious which central banks are buying...particularly if Cyprus is selling...

Top
#7644160 - 04/12/13 04:13 PM Re: Are We About to See a Global Gold Selling Spree? [Re: tomk]
Steve Online   content
Campfire Outfitter

Registered: 05/31/01
Posts: 8338
Loc: Hillsboro, Or-Y-Gun (Oregon), ...
_________________________
--------


--------

Top
#7644180 - 04/12/13 04:21 PM Re: Are We About to See a Global Gold Selling Spree? [Re: Steve]
tomk Offline
Campfire Guide

Registered: 03/16/04
Posts: 4091
Loc: Michigan
grinning...of course--Goldman!

Top
Page 1 of 11 1 2 3 10 11 >

Moderator:  RickBin, SYSOP 
RV 180
CLICK HERE to see SUPERB STEINER OPTICS!
RV 160 1
Who's Online
468 registered (1beaver_shooter, 25classic, 264mag, 1234, 224th, 17_wizzer, 48 invisible), 937 Guests and 239 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
53,106 Registered Members
72 Forums
684,033 Topics
9,876,396 Posts

Most users ever online: 4,830 @ 12/02/14 02:45 AM










Copyright © 2000-2015 24hourcampfire.com, Inc. All Rights Reserved.