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$55,000 Gold...How it happens

Discussion in 'The Okie Corral' started by Glocksanity, Aug 29, 2013.

  1. Atlas

    Atlas transmogrifier

    12,512
    12
    Oct 1, 2001
    north of the equator
    Everyone asserts that there can be no radical (by today's market rate) upheaval in the price of precious metals, and yet the counterpoint is still:


    what defines the limits of (the ongoing) devaluation of the dollar?



    .
     
    Last edited: Aug 29, 2013

  2. tehan2

    tehan2 NRA & GOAL

    2,963
    447
    Mar 14, 2006
    Breaking the law in CT
    Since this is a money/investment thread (of sorts), let me do the math

    At $4500 an hour, that's $75 a minute. At 90 seconds per "incident" that's
    $112.50 per said "incident"

    or

    dinner for 2 with a couple drinks at "the olive garden"
    $75 including tip
    movie for 2 with popcorn and soda
    $45

    repeat for second date, maybe 3rd

    forget it.... can you get me the phone number of the Blue Waffle?
     
  3. Atlas

    Atlas transmogrifier

    12,512
    12
    Oct 1, 2001
    north of the equator

    You care to field the question then I assume?
     
  4. At least read the article and make an intelligent rebuttal to the arguments on why this will happen.

    To just dismiss it out of hand suggests ignorance rather than an honest intellectual examination into the argument.
     
  5. Its football season, and I'm no chicken little. Y'all enjoy your goldfest, I'll have a beer and watch football.
     
  6. Gregg702

    Gregg702 Gold Member

    8,215
    326
    May 1, 2010
    Las Vegas
    I have all my money in sandwich futures!
    [​IMG]
    Once again, the sandwich heavy portfolio pays off for the hungry investor!
     
  7. NeverMore1701

    NeverMore1701 Fear no Evil Platinum Member

    39,478
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    Jun 25, 2004
    Amarillo, Tx
    Oh, I'm ruined!
     
  8. Atlas

    Atlas transmogrifier

    12,512
    12
    Oct 1, 2001
    north of the equator

    That isn't an answer.
    Its a simple question.... and for those here so confident that they can see into the economic future, it should be beyond simple.
     
    Last edited: Aug 29, 2013
  9. With all the bail-ins, bi-lateral currency agreements, printing to infinity (QE), gutting of the manufacturing base in this country, financial fraud, and the list goes on, to think that US dollar denominated assets are going to preserve wealth, is well, a joke.

    And gold holders will laughing when the punch line is delivered.
     
  10. NeverMore1701

    NeverMore1701 Fear no Evil Platinum Member

    39,478
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    Amarillo, Tx
    Yeah, I'm sure the guys with a couple of pounds of gold buried in their back yard are going to be the next Gates.
     
  11. 2 lbs. about 32 ounces, and at $55K an ounce, that is close to $1.7 million. Not quite Bill Gates, but not a bad return on a $50K investment (insurance policy).

    Keep up the mocking!! It only makes the final end game more enjoyable. I can laugh and laugh at your expense, literally.
     
  12. NeverMore1701

    NeverMore1701 Fear no Evil Platinum Member

    39,478
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    Jun 25, 2004
    Amarillo, Tx
    I'll bet you think you can.
     
  13. JohnBT

    JohnBT NRA Benefactor

    5,435
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    Feb 24, 2000
    Richmond, Virginia
    "At least read the article and make an intelligent rebuttal to the arguments on why this will happen."

    Why waste time on such silliness?
     
  14. Actually, I don't expect anyone to read it. I am just collecting names so I know who to laugh at when gold goes to $55,000.

    Seriously. Talking to people on GT about gold is like talking to liberals about guns. They just don't get it.

    So I expect to convert no one. I expect only mocking, derision, and laughter. But I do it only to say I told you so. Just a little game I felt like playing on y'all.
     
  15. There are actually a few goldbugs here so I am just preaching to choir with them, but for the most part, the above holds true.
     
  16. Z71bill

    Z71bill

    15,849
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    Feb 19, 2007
    Texas
    So since your whole theory is based on massive dollar devaluation / hyperinflation

    That $1.7 million will buy you 50 pounds of rice and a few cans of beans.

    How much better off are you that anyone else?
     
  17. Your reading comprehension skills are limited. I said that gold would rise while other prices stay the same. So, purchasing power is maintained.

    If we do get hyperinflation in the U.S., then maybe we get $500,000 gold!
     
  18. This post is kind of like that guy with the bad tire that almost killed his precious wife.
     
  19. Z71bill

    Z71bill

    15,849
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    Feb 19, 2007
    Texas
    Your ability to think must be limited.


    It is all still all relative - only an idiot (you qualify) would think gold can go to $500,000 while a can of beans is still $3.

    :dunno:
     
    Last edited: Aug 29, 2013