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Discussion in 'The Okie Corral' started by Paul7, Jan 25, 2012.
I thought the anti-gold crowd said the bull market was over?
It was certianly a buying opportunity a few weeks ago. Time to ride the next wave up! I hope it doesn't collapse, then I'll have to wait for the next one.
Ya I know I saw that and it makes me feel a bit ill right now.
At yesterday morning's low I was all set to pull the trigger on five ounces (not a huge amount I know , but still) but thought I should wait and see what it looked like today.
Well now I know what it looks like and it makes me look like a chump.
I could have almost made up my premium over spot in one day.
Ah man.. I copped out a few weeks back, and was hoping for a further dip before buying some.
The metals markets are volatile. They were down this morning when I first looked, then shot up. Tomorrow they could just as easily drop down.
Yeah. Because the market was way down otherwise today. . . wait. EVERYTHING rose a lot today. You coulda bot oil too.
The DJI was up .66% today, gold was up 2.65%.
Can't beat yourself up for that, if we knew when these things would happen we'd go buy a winning lottery ticket, right? What I do know is the long-term trend for gold is up, for the dollar - down.
Well that means silver went up as well... and yup! It did!
All the serious people seriously talking about returning to some kind of a gold standard crack me up. Gold would have to go to $20,000 an ounce to cover all existing money supply. I have yet to see any of the gold standard proponents explain how THAT will work.
PS. Apple made $13 BILLION profit last quarter. Mind blowing.
Oh dear Lord. I must be doing it wrong based on your extensive data.
You could link it fractionally, say 10%. I don't get the confidence in the fiat money experiment.
Buy ammo You will probably do better in the long run.
Bernanke contradicted Obama's rosey outlook last night.
That's why people hold on to gold. They know that there is too much currency in circulation to go back on the gold standard, which leaves one option: Keep expanding it until it fails like all the rest.
I own no gold BTW, but I still believe our currency will eventually be doomed.
+1. The money supply was up 10% last year.
Sure, they'd start out at 10%. Then they would need more money so they would drop it to 9%. And so on. And we're right back to where we are today.
A new currency system will be coming in the next decade. Odds are higher every year it will be some kind of global one.
...backed by something tangible. Why did gold backed currency work for so long? How is the fiat experiment working out?
I was wondering why my 401k shot up sky high.
oil stocks ftw.