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Old 02-15-2013, 13:33   #1
Big Bird
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Gold bugs pay attention

George Soros cut his gold holdings by $100 mil today. That represents about half his precious metal portfolio. Just an FYI. Source is WSJ



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Old 02-15-2013, 14:32   #2
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Ahhhh! That is why the metals are falling. Honestly, this POS gun hating liberal may be on to something. I have heard from a few sources now that a bull market is possible in stocks.
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Old 02-15-2013, 14:43   #3
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It's not just Soros. Blackrock and several other hedge funds have jumped out of gold as well

I think we'll see $850/ounce by this time next year. But I could be wrong


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Old 02-15-2013, 15:05   #4
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~ “The economy is showing strength, and” people would rather invest in “economically-sensitive commodities and equities,” said "Adrian Day" who manages about $160 million of assets as president of Adrian Day Asset Management in Annapolis, Maryland. ***“We may see people come back to gold if troubles in Europe get worse and problems in the U.S. reappear.” ~


Hmmm...Really?
*Were 16 Trillion Plus in Debt....makes one wonder who`s doin who....
Troubles in Europe get worse?....

Interesting....

http://www.moneynews.com/InvestingAn...2/14/id/490501
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Old 02-15-2013, 15:33   #5
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We can limp along quite a while with the current monetary situation. If you doubt that you shoul research the Japanese Economy. They have levels of debt and social spending that makes us look like pikers and have had those problems for almost 20 years




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Old 02-15-2013, 16:22   #6
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let it drop. i buy whatever metal i can afford when it's available, be it gold, silver, lead and brass. lately, it's been silver. before that, bullets. before that, gold. back to gold soon is fine with me. i trust gold at 1700 or 700 more than a piece of paper or some 1's and 0's in a computer.
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Old 02-15-2013, 17:47   #7
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let it drop. i buy whatever metal i can afford when it's available, be it gold, silver, lead and brass. lately, it's been silver. before that, bullets. before that, gold. back to gold soon is fine with me. i trust gold at 1700 or 700 more than a piece of paper or some 1's and 0's in a computer.
I concur
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Old 02-15-2013, 19:43   #8
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Russia and China are moving on gold. Buying tons. We are the only dumb@$$ country that isn't backed by gold.

Ignore it. funny money is funny. PAper is only worth what it is worth! Which, when mega inflation, debt, etc...roll over your economy, is nothing.

Last edited by Aceman; 02-15-2013 at 19:43..
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Old 02-15-2013, 19:57   #9
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Quote:
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Russia and China are moving on gold. Buying tons. We are the only dumb@$$ country that isn't backed by gold.

Ignore it. funny money is funny. PAper is only worth what it is worth! Which, when mega inflation, debt, etc...roll over your economy, is nothing.
Good post!

Nobody knows when it's going to happen, that's why we prep.
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Old 02-15-2013, 20:04   #10
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I say invest a % every month. If you are buying that amount at 1700, yeah - it isn't much. At 700, it would be more. But invest.

If it gets kind of high, like now, back off to maybe 5% per mo/quarter/year whatever. If it goes down to 700, maybe roll up to 15%.

But keep the metal.

If the world decides to go Gold, and you aren't holding, you are effed.
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Old 02-15-2013, 23:41   #11
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I hope it does drop.

I'd love to see silver at less than 10/ounce again.
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Old 02-16-2013, 07:41   #12
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They rig markets for living. Just a ruse to get small investers to free up their metals, keep the price low and allow them to buy more and gain control of the pm market. The whole world is headed towards gold and silver backed money but, hey... Keep right on taking advice from or follow these ass clowns. Fools and their money...
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Old 02-16-2013, 08:46   #13
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I've been investing in lead for the past few years.
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Old 02-16-2013, 08:50   #14
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They rig markets for living. Just a ruse to get small investers to free up their metals, keep the price low and allow them to buy more and gain control of the pm market. The whole world is headed towards gold and silver backed money but, hey... Keep right on taking advice from or follow these ass clowns. Fools and their money...
Quoted for absolute truth.
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Old 02-16-2013, 14:53   #15
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quoted for absolute truth.
+1,000
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Old 02-16-2013, 14:54   #16
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Just take a look around. How many p;laces are there BUYING gold? And what are they giving you for it?

Dollars...

Hmmmm....maybe they are on to something there. Unless they are giving you valuable stuff for worthless stuff. Usually good business people try to do that the other way around.
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Old 02-17-2013, 10:01   #17
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This is just my opinion Soros Gold buy was just a way to park money in paper gold to avoid taxes. Now Him and others see the stock market about to have a downward correction.
Everyone pulling paper Silver and Gold out of the market has lowered prices for Physical Silver and Gold. Great Time to Buy Metals I'm still trying to figure out if metals go up or down Tuesday. I'm ready to do a large enough purchase that a dollar per ounce will make a difference. Normally times like this I buy small amounts without hesitation.
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Old 02-19-2013, 07:55   #18
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Not big news. Soros is always talking bad about gold and it makes news whenever he buys big into gold. I guess it makes news when he sells too.

Putin the gold bug
http://www.bloomberg.com/news/2013-0...uys-world.html

I don't think we'll see $850 gold again anytime soon.
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Old 02-19-2013, 08:05   #19
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$100 million is pocket money for Soros.

They are dumping to make fiat look fabulous.
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Old 02-19-2013, 08:14   #20
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I think it's pretty obvious that he's just taking a profit right now. He'll buy gold again on the next dip. I bought GLD at $148 and sold it at $163 but I will buy it again if it gets back to $158.

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