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The serfs can only speculate.

The elites design market swings.

Gold should rise long term as long as Bernanke and his tribe of criminals continue to grind out fake money at obscene levels.

Time will tell.

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Will, DW12 has a very interesting report by a silver/ gold 'expert' on pp3 of the thread "Re gold FMV at $800". It's a little long, but the last part is talking about the shut down of some of the US largest gold/ silver mines. Barrack gold ownership in question and the other suffering landslides and closing.
I will re-check and more accurately explain.


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.
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Like I posted yesterday, yes gold will eventually go over $5,000 an ounce if the Fed just holds inflation at their target of 2 to 2.5% per year. Of course, everything will increase in price as well.

Predictions without time frames are worthless. As an example, I predict the price of gold will drop to zero in the future. Prove me wrong. If humans cease to exist there's no market and with no market nothing has value because value is a human concept not found in nature.

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What i want to know is:
If the economy is so bad like it has been why has gold stayed below 1700?

Just seems that if it was such a good hedge it would be higher.

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please remember, if bankruptcies occur, money is destroyed. so, it's a balancing game....create money to replace money that is destroyed,as the "dance" occurs around the rose bush. grin


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This Silver Doctors, a specialist in the metals markets says this drop in metals is to help banks pick up metals cheap and that the Comex and Lbma will be closed real soon after an impending financial event and no more buying of gold or silver will be allowed. They steps are taking place to shut down future production. Bill Holter , a metals specialist says Barrack res. big buy of the giant mine co.Pescua (sp) Lama due to' unclear title' is on hold.

He also reports that the kennecott giant copper mine which produces a lot of gold and silver is 'closing due to landslides'.



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.
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closing due to a landslide in prices, maybe?

i don't know,and don't pretend to.

but if prices decline, the higher cost mining operations won't be far behind, will they?


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Originally Posted by plainsman456
What i want to know is:
If the economy is so bad like it has been why has gold stayed below 1700?

Just seems that if it was such a good hedge it would be higher.
They can lower the price at will by flooding the market with "paper gold and silver." It creates the illusion of more gold and silver than there really is, thus lowering the price. This, however, can only be carried on so far.

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Well dumbass, I sure hope you soon recoup your losses from your foolish fire sale purchase yesterday.


The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward




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Originally Posted by The_Real_Hawkeye
Originally Posted by plainsman456
What i want to know is:
If the economy is so bad like it has been why has gold stayed below 1700?

Just seems that if it was such a good hedge it would be higher.
They can lower the price at will by flooding the market with "paper gold and silver." It creates the illusion of more gold and silver than there really is, thus lowering the price. This, however, can only be carried on so far.


Professional investors don't deal in physical gold mainly because of the buy/sell spread. Rather, they deal in securities tied to gold. Nevertheless, these instruments set the market price of gold no different than if it were physical gold. Try selling your physical gold for anything above the "market price" and you'll get laughed at.

So if the big crash comes in our lifetimes how much will gold be worth? Answer, there won't be a fixed price. If you're starving to death how much gold would you give for food? If you need to defend yourself how much gold would you give for a gun or ammo? Being it has little use in such a scenario, no one is going to show up at your door desperate to trade goods for your gold.

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The Fed scared Wall Street into panic selling, but why is gold down to $1290 as of 1:00 PM eastern time?

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Because a lot of folks are a hell of a lot less worried about inflation when the central bank starts talking about coming off of their bond buying spree? That's as good of a guess as I have.

Unless we do something monumentally stupid (like lifting the restriction on crude exportation) I look for the dollar to have a lot more strength until this round of massive oil drilling investment plays out. There's a lot of domestic oil production that is helping to put a floor under the dollar (in my very amateurish opinion). This will take a while to run through.

Barring calamity I can't see gold breaking out with the Fed backing off(so they say), domestic oil production adding strength to the dollar, and the rest of the world in serious financial trouble.

Will


Smellin' a lot of 'if' coming off this plan.
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Everyone knows the real investment now is ammo and components. You could have doubled your money in the last six months tax free.

Last edited by 17ACKLEYBEE; 06/20/13.

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When it gets down to $400.00 per ounce I'll buy.

Jim


"Whensoever the General Government assumes undelegated powers, its acts are unauthoritative, void, and of no force." --Thomas Jefferson

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All I can say is...

Pump & Dump!

We've been had again.


Islam is a terrorist organization.

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It would be nice to be able to buy it at bargain basement prices. It's folks like yourself that create conditions for these sell-offs, for which I'm grateful. Market reality, however, will ultimately not be cheated. You can't continue to double and triple the fiat currency supply without the long-term price of real commodities rising, particularly a commodity like gold.

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You just keep telling yourself that, Hawk



Proudly representing oil companies, defense contractors, and firearms manufacturers since 1980. Because merchants of death need lawyers, too.
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I have a gold tooth. Wonder how long I should hold onto that?


Proud to be a true Sandlapper!!

Go Nats!!!!


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Wow, gold is now down to $1,276. Your analysis is as good as anyone else's that I've seen. I sold off last week and will likely stay out of the market until the Fed decides what it's going to do. Problems is that given their dual mandate the Fed can't predict what the Fed will do.

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Originally Posted by The Real Hawkeye
It would be nice to be able to buy it at bargain basement prices. It's folks like yourself that create conditions for these sell-offs, for which I'm grateful.


You're welcome.

Originally Posted by The Real Hawkeye
Market reality, however, will ultimately not be cheated. You can't continue to double and triple the fiat currency supply without the long-term price of real commodities rising, particularly a commodity like gold.


If by long term you mean more than 10 years the economy will adjust without too much disruption. Consider the inflation of the 70's and early 80's as an example.

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