Gold is on almsot 1,800$ today,wtf!!! - Page 2 - GoFuckYourself.com

ColBigBalls · 08-10-2011, 07:03 PM

I may be way off but i thought when currency goes to shit precious metals go up?

Mah fuckas gota have der bling?

will76 · 08-10-2011, 07:21 PM

Quote:

Originally Posted by *******

Will is right and you are also right. Guys like Will will be right almost all of the time but the one time he will not be right is when the US dollar goes to zero. Chances are that Will is right this time. There will most likely be a big shake out. It will be painful for people who have invested in gold the last few months. Most likely the price will not go below 1,100 (I will have to check the chart but there is a major support in that price range). If people don't want to ride the waves they can just hold on and the price will most likely be much higher than $1,800 in the not too distant future.

I am not saying gold wasn't a bad investment in the past. I don't think its smart to buy now when prices are shooting up because of the market going down. When the market goes back up gold is going to go down. The two are tied together pretty well, financial uncertainty in the markets almost always lead to people running to gold.

But the main point I was making was how moronic the people are who are dumping their stock and taking a 15-20% loss to sell now, and then going to buy gold with it at all time high prices. Never is selling low and buying high a good thing.

Quote:

Originally Posted by Argos88

You really have no remote idea what you are about.. I won't keep wasting my time with you, but before I stop talking to you, check what was gold gain in price in year 2008, and according to you the market was not CRASHING? Lol..

That's exactly the reason why gold is breaking new historic highs EVERY SINGLE DAY.

Anyway, I don't fucking care what you do.. I know what I DO with my money, better for me and other investors if you don't put your money here, I get money you don't earn.. I don't need to convince anyone of anything, keep losing daily opportunities to buy on dips, while I do money.

Funny some guys can't get it by now. THE WORLD IS IN FINANCIAL TURMOIL / RUIN / Filled with LIES AND DEBT with NO JOBS.

But some people are so naive, they will never ever get it.

dumbass, all i have been saying in this thread is that gold prices are being driven up by the market going down. What do you think is going to happen when the market rebounds? (hint, gold will go down.)

funny, little gold cheerleader here. Never come across someone cheer so much for a metal before. People don't promote /defend their affiliate programs as much as you do with gold. Will you be able to go on in life if gold drops below a $1,000 again in the future.

hurry along, go count your 4 ounces of gold and feel like a big baller for the couple hundred bucks you made the last couple days

will76 · 08-10-2011, 07:34 PM

Quote:

Originally Posted by Ethersync

Here is a chart that may help some people understand what is going on...

http://www.zerohedge.com/news/immine...950-and-higher

That tells me two things.
1. According to that graph, gold (proportionately) to the debt ceiling, is closer to it now then ever before, and even looks to be passing the debt ceiling line. When it got close in the past it had a nice drop off shortly after.
2. If the US can get the debt situation turned around gold is going to drop like a rock, back down to about $500 an ounce. Which if you live in the US (or any where in the world since everything is tied into what happens to the US so much) and the debt ceiling keeps going up you screwed 1000x other ways because of what will happen to the economy and those of you with a couple ounces of gold are still going to be fucked, even if gold is worth $5,000 an ounce.

dgraves · 08-10-2011, 10:30 PM

now if we can just figure out how to create a similar purchase panic for porn sites!

facialfreak · 08-10-2011, 11:28 PM

I sold 4 oz yesterday at $1742.50 .... and will buy silver with them at the next hint of a market correction.

Damn .... I should have waited a day ... could have bought an extra 4-5 oz of silver :P

JFK · 08-10-2011, 11:43 PM

Quote:

Originally Posted by pornmasta

someone brought in a set of those a couple of days ago, told us it was 14K, turned out to be 10K. Couldnt come to terms on price, oh well, dont really care for dental gold or grilles like that

Ethersync · 08-11-2011, 04:59 AM

Quote:

Originally Posted by will76

That tells me two things.
1. According to that graph, gold (proportionately) to the debt ceiling, is closer to it now then ever before, and even looks to be passing the debt ceiling line. When it got close in the past it had a nice drop off shortly after.
2. If the US can get the debt situation turned around gold is going to drop like a rock, back down to about $500 an ounce. Which if you live in the US (or any where in the world since everything is tied into what happens to the US so much) and the debt ceiling keeps going up you screwed 1000x other ways because of what will happen to the economy and those of you with a couple ounces of gold are still going to be fucked, even if gold is worth $5,000 an ounce.

1. At the current rate of spending we will hit the new debt ceiling in September.

2.That is a huge "if", but yes, if the US balances the budget, massively cuts spending and interest rates go up then I would be looking to exit gold. All of this will eventually happen, but I think the government is going to stick with their "kick the can" method of dealing with things for awhile to come...

...and you are way off to assume that the gold bulls here only have "a couple ounces" of gold to their name. I happen to know a few people here with 7 figures in gold bullion.

Houdini · 08-11-2011, 08:33 AM

Quote:

Originally Posted by Houdini

The only thing that could deter gold surging short term is if CME does a margin hike due to volatility. They did the same thing to silver back in May and it dropped from $50-32. Don't think gold would take such a hit, but a 5-10% correction wouldn't be unheard of. With the destruction of the dollar looming, PM's, long term, will steadily increase though.

Right on cue! CME raises margin 22% starting after hours today. Gold falls $40 dollars. They're going to do the exact same thing they did to silver in May. Next, Bernahke, will come out with some new QE3 type deal and send PM's down. They're doing everything they can to get countries from dumping the dollar and going into gold.

Ethersync · 08-11-2011, 08:36 AM

Quote:

Originally Posted by Houdini

Right on cue! CME raises margin 22% starting after hours today. Gold falls $40 dollars. They're going to do the exact same thing they did to silver in May. Next, Bernahke, will come out with some new QE3 type deal and send PM's down. They're doing everything they can to get countries from dumping the dollar and going into gold.

That was a good call. I don't think it will have the same effect on gold as it did on silver though. We'll see...

The Duck · 08-11-2011, 09:14 AM

Quote:

Originally Posted by Jesus H Christ

Those Cash 4 Gold guys sure knew what they were doing. If you went long on gold, life is pretty sweet right about now.

Mother fuckers!

will76 · 08-11-2011, 11:58 AM

Quote:

Originally Posted by Ethersync

1. At the current rate of spending we will hit the new debt ceiling in September.

2.That is a huge "if", but yes, if the US balances the budget, massively cuts spending and interest rates go up then I would be looking to exit gold. All of this will eventually happen, but I think the government is going to stick with their "kick the can" method of dealing with things for awhile to come...

...and you are way off to assume that the gold bulls here only have "a couple ounces" of gold to their name. I happen to know a few people here with 7 figures in gold bullion.

I don't doubt some people here may have a few pounds of gold, i just don't think it is the ones cheerleading the loudest that you cant lose buying it and posting every time it goes up .10 cents.

will76 · 09-23-2011, 07:09 PM

Quote:

Originally Posted by Pipecrew

The morons always take the pessimistic view hoping they can pop in for an "I told you so".

The gfyers with all the negative investment advice that harrass people who actually invest generally fall into 1 of these categories, most likely all 3

1) don't invest
2) don't have the money too
3) too afraid too

It's not the "pessimistic" view, just reality and common sense. When ever something is going up in value because of hype, it's that last big push of idiots who are buying on pure hype (My neighbor bough it 3 weeks ago and it's gone up $100 since then, he made like 1K whoo hooo, I need to buy too so I can make easy money". It's those morons that make the price soar at the end and who are the same ones that buy at the highest prices.

The people who know what they are doing bought years ago, and they are the ones to cash in when the morons are buying on hype. Nothing pessimistic about that, it's reality. It happened with the dot coms, stock market, oil and housing market all in the last 10 or so years. Now it's the precious metals turn to burst from hype.

I personally invest, but I make more secure investments and don't buy into the hype. When it's hyped like gold is now, its too late to buy. I learned my lesson from riding the housing bubble and losing a lot of money. Most people buying up gold right now have never been through the hype/bubble deal before, so they going to have to learn the hard way that shit doesn't always keep going up up up and up and when joe blow neighbor starts buying because his friend Bubba bought two weeks ago and already made "xxx" that, that is the exact time to gtfo.

Gold dropping down to $1680 today and still falling.... where will the bottom be and how many people who bought at $1800+ is now shitting themselves. I wonder how many of these people who bought on hype will now crap their pants and sell quick worried it might go lower and they "can't afford to lose the money".

08-10-2011, 10:30 PM	#54
dgraves Confirmed User Industry Role: Join Date: Nov 2005 Location: Scottsdale Posts: 2,283	now if we can just figure out how to create a similar purchase panic for porn sites! __________________ Gloryhole Swallow \| Cumpsters \| Spy Tug \| Cum Clinic \| Chica's Place

08-10-2011, 11:28 PM	#55
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	I sold 4 oz yesterday at $1742.50 .... and will buy silver with them at the next hint of a market correction. Damn .... I should have waited a day ... could have bought an extra 4-5 oz of silver :P __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo Last edited by facialfreak; 08-10-2011 at 11:30 PM..

08-10-2011, 07:03 PM	#51
ColBigBalls Confirmed User Industry Role: Join Date: Aug 2003 Posts: 1,733	I may be way off but i thought when currency goes to shit precious metals go up? Mah fuckas gota have der bling?