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Joined: Jun 2002
Posts: 131,773 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 20 |
Don't worry,when hawkeye said he bought gold at the fire sale a few days back, most knew not to buy.
I feel sorry for the ones who thought he called it. I'm going to save this post for posterity.  We'll all have a good laugh at it a year from now. PS For the record, "a few days back" was Monday, April 15th, 2013. Good thing I saved this post for posterity. Gold just hit $1370.00 amidst a solid upward trend starting in December. 
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Joined: Sep 2003
Posts: 23,474 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,474 Likes: 8 |
When you can take a chunk of gold, put it in a safe, and it makes little baby gold pieces every 3 months without you doing a thing, then I'd be interested in it.
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Joined: Apr 2010
Posts: 20,683
Campfire Ranger
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Campfire Ranger
Joined: Apr 2010
Posts: 20,683 |
Calvin would that be gold porn?
sheesh! (grin)
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
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Joined: Jun 2002
Posts: 131,773 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 20 |
When you can take a chunk of gold, put it in a safe, and it makes little baby gold pieces every 3 months without you doing a thing, then I'd be interested in it. Money's purpose is (among other things) to be a safe store of value over time. Gold and silver (i.e., real money) do what they're supposed to do.
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Joined: Mar 2014
Posts: 3,344
Campfire Tracker
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Campfire Tracker
Joined: Mar 2014
Posts: 3,344 |
Rumors of an investigation concerning banks fixing gold prices etc. Russia might try to kill US dollar etc... Who knows; this might be the year for Gold to reveal its real value in relation to US fiat. Time is on the gold-bug's side. It always has been.
Done in Convention by the Unanimous Consent of the States present the Seventeenth Day of September in the Year of our Lord one thousand seven hundred and Eighty seven.
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Joined: Mar 2014
Posts: 3,344
Campfire Tracker
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Campfire Tracker
Joined: Mar 2014
Posts: 3,344 |
And...
Once the flim flam banksters buy up the stuff at discount and then put all their unholy weight on manipulating gold UP... all bets are off. Breaking through 2000 is not unreasonable at that point. Easy.
They manipulated it down via naked shorts... they will find a way to make it go way up again.
Done in Convention by the Unanimous Consent of the States present the Seventeenth Day of September in the Year of our Lord one thousand seven hundred and Eighty seven.
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Joined: Apr 2010
Posts: 20,683
Campfire Ranger
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Campfire Ranger
Joined: Apr 2010
Posts: 20,683 |
that certainly seems a plausible scenario.
guess we'll see, time takes care of all predictions.
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
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Joined: Sep 2003
Posts: 23,474 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,474 Likes: 8 |
And...
Once the flim flam banksters buy up the stuff at discount and then put all their unholy weight on manipulating gold UP... all bets are off. Breaking through 2000 is not unreasonable at that point. Easy.
They manipulated it down via naked shorts... they will find a way to make it go way up again. If you are sure about that, then you'd better be selling the house to buy gold.
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Joined: Apr 2010
Posts: 20,683
Campfire Ranger
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Campfire Ranger
Joined: Apr 2010
Posts: 20,683 |
lol, I'm not "sure" about anything
last Presidential election confirmed that
Bob said it was a lock pick, and i've never know Bob to be wrong on his prognostications!
me I like diversification, little bit of this, little bit of that, heck I even like having a roof over my head!
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
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Joined: Mar 2014
Posts: 3,344
Campfire Tracker
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Campfire Tracker
Joined: Mar 2014
Posts: 3,344 |
Done in Convention by the Unanimous Consent of the States present the Seventeenth Day of September in the Year of our Lord one thousand seven hundred and Eighty seven.
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Joined: Aug 2002
Posts: 19,108
Campfire Ranger
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Campfire Ranger
Joined: Aug 2002
Posts: 19,108 |
Gold serves no utility, much like diamonds Great conductor of electricity. In fact lots of those test strips for diabetes have small amounts of gold in them. miles
Look out for number 1, don't step in number 2.
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Joined: Sep 2006
Posts: 1,268
Campfire Regular
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Campfire Regular
Joined: Sep 2006
Posts: 1,268 |
I suspect that it could be utilized to make a passable cast bullet in a pinch?
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Joined: Jun 2001
Posts: 8,652 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2001
Posts: 8,652 Likes: 1 |
I suspect that it could be utilized to make a passable cast bullet in a pinch? Absolutely!  Gold has a specific gravity of 19.3, lead is just 11.4, so gold bullets will be great penetrators unless you buy a smaller bullet mold to make your (heavy,gold) bullets. This is the 'Fire, and "over penetration" is often mentioned! However, your melting pot had better be able to reach 948F (1065C) if you are going to make gold bullets.  John
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Joined: Sep 2006
Posts: 1,268
Campfire Regular
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Campfire Regular
Joined: Sep 2006
Posts: 1,268 |
Well [bleep]; that just goes to show you how much I know or care about gold. I guess that means I will have no particular use for metal when the US melt down occurs.
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Joined: Aug 2005
Posts: 10,760
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2005
Posts: 10,760 |
I'll take a guess - Because it was overvalued......and in my opinion it still is. Somewhere in the $7-800 per ounce range is were it should be. If we have another stock scare people will over pay again but in the end the brokers will make money on the purchase and the sale and be the only real winners.
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Joined: Apr 2010
Posts: 14,721 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2010
Posts: 14,721 Likes: 2 |
[bleep] me! GOLD IS CRASHING!!
Imagine that!!
The sky is falling!!
Even birds know not to land downwind!
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Joined: May 2004
Posts: 56,166 Likes: 14
Campfire Kahuna
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Campfire Kahuna
Joined: May 2004
Posts: 56,166 Likes: 14 |
Gold crashed? Was there a fire?
I am..........disturbed.
Concerning the difference between man and the jackass: some observers hold that there isn't any. But this wrongs the jackass. -Twain
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Joined: Jun 2002
Posts: 131,773 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 20 |
I'm still waiting for Bob to eat his crow.
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Joined: Jan 2002
Posts: 12,863 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,863 Likes: 5 |
Hawk, you just went above break even for the past year. I made 30% in the stock market over the same period, yet you seem happier than I am?
The only conclusion I can draw is that money doesn't make you happy, but gold does....
Sic Semper Tyrannis
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Joined: Jun 2002
Posts: 131,773 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 20 |
Hawk, you just went above break even for the past year. I made 30% in the stock market over the same period, yet you seem happier than I am?
The only conclusion I can draw is that money doesn't make you happy, but gold does.... I identified a point in the dip when it would be wise to begin buying gold, i.e., there and lower. The key word is begin. Those who've been buying at key dip points since last April 15th, through the spring, through the summer, through the fall, and through the winter, are pretty happy right now. The course of events also demonstrates that Bob was all wet when he suggested that a buy recommendation starting in April of last year was inadvisable. Well, he didn't phrase it quite as politely as that, but you get my meaning. I was right and he was wrong, but he won't admit it. He won't step foot anywhere near this thread.
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