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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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06-29-2013, 12:05 PM
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#1 |
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Clips still sell!
Industry Role:
Join Date: Jul 2012
Location: Crown Heights, Brooklyn
Posts: 1,708
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Why is gold crashing to below production value?
Is the US economy really getting better? Is the EU back on track? Is it Bitcoins? I can't figure it out.
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06-29-2013, 12:06 PM
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#2 |
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Confirmed User
Industry Role:
Join Date: Dec 2002
Location: Mallorca - Nottingham
Posts: 5,176
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Just sick of all of those fucking "Gold Rush" programs continually on the History Channel I expect.
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See sig... |
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06-29-2013, 12:17 PM
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#3 | |
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Too lazy to set a custom title
Join Date: Oct 2001
Location: Spartaaaaaaaaa
Posts: 14,136
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Quote:
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06-29-2013, 12:20 PM
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#4 |
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Confirmed User
Industry Role:
Join Date: Jan 2013
Posts: 2,620
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Gold price takes into account the futures market. As gold is priced in $ and with QE ending the dollar will stregthen, so the comodoty price will drop in dollar value. In the global scale of things the value will be the same.
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06-29-2013, 12:21 PM
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#5 |
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<&(©¿©)&>
Industry Role:
Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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mining cost is irrelevant, only demand matters, low demand = price sinking...
__________________
Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager  Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager |
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06-29-2013, 12:23 PM
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#6 |
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Confirmed User
Industry Role:
Join Date: Dec 2008
Posts: 1,149
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Its all about demand vs supply
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06-29-2013, 12:27 PM
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#7 |
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Registered User
Industry Role:
Join Date: Jul 2003
Location: Encrypted. Access denied.
Posts: 31,779
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Depends on which "expert" you want to believe.
I hope it it falls and falls and falls, cause I'll buy more and more and more. |
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06-29-2013, 12:29 PM
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#8 | ||
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Registered User
Industry Role:
Join Date: Jul 2003
Location: Encrypted. Access denied.
Posts: 31,779
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Quote:
Quote:
In China right now they have roped lines outside of many gold shops with 100s if not 1000s of people in line. Keep in mind, China is 1/3 of the world's population. And we're not even talking about the rest of Asia or India who's also buying as much as they can carry. |
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06-29-2013, 12:30 PM
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#9 |
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GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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EU is fucked as ever and getting worse
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06-29-2013, 12:53 PM
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#10 |
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Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,653
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Price manipulation plain and simple. The US Bond market is in bad shape so the Fed is likely using the Working Group to drive down the price of Gold likely to inflate the dollar. But if you're smart and invested in them you should get out of your bonds now before the implosion and pump it into gold while the price is being driven down.
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PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. |
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06-29-2013, 01:08 PM
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#11 |
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C.C.C.P.
Industry Role:
Join Date: Aug 2003
Location: Novorossiya
Posts: 6,857
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If the gold price was to drop to $800, over 80% of mines would shut and the supply would drop to a mere trickle.
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Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!! |
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06-29-2013, 01:10 PM
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#12 |
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Confirmed User
Industry Role:
Join Date: May 2002
Location: Toronto
Posts: 8,475
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Below production value? It was around $290/oz in late 1997, compared to $1200 today (after crashing from ~$1700 in late 2012)
It can't be below production value. Not even close. |
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06-29-2013, 01:18 PM
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#13 | |
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Clips still sell!
Industry Role:
Join Date: Jul 2012
Location: Crown Heights, Brooklyn
Posts: 1,708
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Quote:
http://www.cnbc.com/id/100851209 |
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06-29-2013, 01:53 PM
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#14 |
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GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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"I believe that most of the headwinds that were present remain, so I believe ultimately we could go to $800 to $900 an ounce," he said on Thursday's "Futures Now."
if that happens a lot more gold mines will close http://www.cnbc.com/id/100850226 |
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