reply to post by Crakeur
Gold way overvalued?! I have to disagree. I have heard that it is a bubble when it passed 800. 1000. 1200, 1400, 1600, and now again. It is not a
bubble.
Gold has only begun to run. There will be pull backs undoubtedly as in any bull market. It may even fall to 1400(less likely after the past ten days
of world market crashing), but the long term is rosy.
The fundamental policies of International central banks seem unlikely to change. The more they destroy the currencies the more investors of all sizes
will move to any steady asset.
Central banks have been increasing gold holdings over the past years. Remember India in 2009?
Thailand's central bank increased their holdings by 15 percent in the last two months, and South Korea 17 percent in the same time.
[url=http://www.businessinsider.com/sharp-increase-in-central-bank-gold-reserves--south-korea-up-17-fold-and-thailand-155-in-2-months-2011-8]Link[/url
]
The ETFs SLV and GLD now hold(in theory) tremendous amounts of physical bullion. Everyone from hedge funds to retail investors have fueled their
meteoric rise.
In a normal healthy environment gold appear a bubble. We are in uncharted territory. We are in the greatest depression, and all traditional
assumptions are gone.
2011 Global Stock Market Collapse Watch, page 3
privacy
reply posted on 8-8-2011 @ 10:00 AM by Crakeur
reply to post by majesticgent
unless you are an insider, you'd have to be very ballsy to swim in this pool. you have to be able to devote your time to watching the stocks move because the swings are fast and if you blink you might miss the opportunity. truth is, if you can sit and stare at the stocks and you have the stones, as well as a cash roll you are willing to lose, you can probably make out ok.
I wouldn't touch it with a ten foot pole but that's because I personally believe that the game is rigged and that wall street is merely another casino in which the odds are weighted such that, even when I win, I'm going to lose.
unless you are an insider, you'd have to be very ballsy to swim in this pool. you have to be able to devote your time to watching the stocks move because the swings are fast and if you blink you might miss the opportunity. truth is, if you can sit and stare at the stocks and you have the stones, as well as a cash roll you are willing to lose, you can probably make out ok.
I wouldn't touch it with a ten foot pole but that's because I personally believe that the game is rigged and that wall street is merely another casino in which the odds are weighted such that, even when I win, I'm going to lose.
reply posted on 8-8-2011 @ 10:03 AM by Crakeur
reply to post by stephinrazin
gold is over valued because a large percentage of buyers do so because they think that, in the event of a global economic collapse, their gold will be the only real form of currency (thanks to folks like Jones). This couldn't be farther from the truth. If we ever reach that point, bullets will be more valuable than gold.
gold is over valued because a large percentage of buyers do so because they think that, in the event of a global economic collapse, their gold will be the only real form of currency (thanks to folks like Jones). This couldn't be farther from the truth. If we ever reach that point, bullets will be more valuable than gold.
reply posted on 8-8-2011 @ 10:05 AM by majesticgent
Originally posted by stephinrazin
reply to post by Crakeur
In a normal healthy environment gold appear a bubble. We are in uncharted territory. We are in the greatest depression, and all traditional assumptions are gone.
Can we assume that if this keeps up that when Asia opens tomorrow it'll be a massive sell off again, then in Europe another massive sell off. The ECB will step in again to quell investors, then a steady decline in the US?
reply posted on 8-8-2011 @ 10:08 AM by majesticgent
reply to post by Crakeur
Some people are very ballsy if it means them possibly gaining a 5% or greater return on their investment. They are people who like risk and love to gamble, but yeah I'm not investing anymore outside of my FTE's and Mutual Funds which reinvest the dividends. I'm just looking out for a point where I need to make amends to protect my wife and I. could be this year, 5 years from now, or 50 years from now. I'm leaning towards the middle keeping a cool head and being watchful.
Some people are very ballsy if it means them possibly gaining a 5% or greater return on their investment. They are people who like risk and love to gamble, but yeah I'm not investing anymore outside of my FTE's and Mutual Funds which reinvest the dividends. I'm just looking out for a point where I need to make amends to protect my wife and I. could be this year, 5 years from now, or 50 years from now. I'm leaning towards the middle keeping a cool head and being watchful.
reply posted on 8-8-2011 @ 10:09 AM by majesticgent
reply to post by Crakeur
Exactly. We can't eat, or drink gold. and if you decide to use it to barter with, you will need a small army or contingent to protect your stash of it.
Originally posted by Crakeur
reply to post by stephinrazin
gold is over valued because a large percentage of buyers do so because they think that, in the event of a global economic collapse, their gold will be the only real form of currency (thanks to folks like Jones). This couldn't be farther from the truth. If we ever reach that point, bullets will be more valuable than gold.
Exactly. We can't eat, or drink gold. and if you decide to use it to barter with, you will need a small army or contingent to protect your stash of it.
edit on 8-8-2011 by majesticgent because: (no reason given)
reply posted on 8-8-2011 @ 10:09 AM by stephinrazin
reply to post by Crakeur
I hear this argument often. I am not planning for the break down of society. Gold is an investment instrument. In the end of days guns and food are all that matters. In a declining empire where the currency is devalued gold is very useful. I can decide to stock up, and wait for the end. Instead, I will live normally with emergency ammo and food in case of a breakdown. Gold could hit 3200 or 5000 before there is a real danger of societal chaos. Why sit on dollars while you wait?
I hear this argument often. I am not planning for the break down of society. Gold is an investment instrument. In the end of days guns and food are all that matters. In a declining empire where the currency is devalued gold is very useful. I can decide to stock up, and wait for the end. Instead, I will live normally with emergency ammo and food in case of a breakdown. Gold could hit 3200 or 5000 before there is a real danger of societal chaos. Why sit on dollars while you wait?
reply posted on 8-8-2011 @ 10:13 AM by Crakeur
reply to post by stephinrazin
like I said, a large percent of the investors in gold believe it to be an end times currency. Not everyone.
I also don't think we'll come to that scenario in my lifetime so the chance for gold to rise further is likely but, as a I said, I think it's way over valued and folks buying and holding now, with the idea that, when doomsday comes, they'll be loaded, will be in for a big surprise because, at some point, gold will come back down to reality and the folks buying and holding now will be the ones who get burned the most.
If I were a gold investor, I'd have taken my cost out of the equation so that the holdings were just profits. That way, if it does come down, I don't risk anything other than opportunity cost.
like I said, a large percent of the investors in gold believe it to be an end times currency. Not everyone.
I also don't think we'll come to that scenario in my lifetime so the chance for gold to rise further is likely but, as a I said, I think it's way over valued and folks buying and holding now, with the idea that, when doomsday comes, they'll be loaded, will be in for a big surprise because, at some point, gold will come back down to reality and the folks buying and holding now will be the ones who get burned the most.
If I were a gold investor, I'd have taken my cost out of the equation so that the holdings were just profits. That way, if it does come down, I don't risk anything other than opportunity cost.
reply posted on 8-8-2011 @ 10:23 AM by TheRemedial
reply to post by Crakeur
Gold's fine, I prefer Arable land. I'd sooner have the ability to grow crops and eat something than starve walking like a nomad down a dusty street with a sack of gold slung over my shoulder... that is if the age of gamers youth hadn't already taken my golds and dwelling, left me in a ditch someplace.
A collapse in this day and age is going to be so bad you have no idea. Generally speaking, city folk are country dumb and if things stop moving or store shelves go bare for any reason city folk generally turn feral.
The market, I called 5% down on the DOW today. Asia will take an even bigger hit tomorrow and the DAX and FTSE will probably be down around 4-5% as well... Just my guess.
www.sgxniftydowfutureslive.com...
Gold's fine, I prefer Arable land. I'd sooner have the ability to grow crops and eat something than starve walking like a nomad down a dusty street with a sack of gold slung over my shoulder... that is if the age of gamers youth hadn't already taken my golds and dwelling, left me in a ditch someplace.
A collapse in this day and age is going to be so bad you have no idea. Generally speaking, city folk are country dumb and if things stop moving or store shelves go bare for any reason city folk generally turn feral.
The market, I called 5% down on the DOW today. Asia will take an even bigger hit tomorrow and the DAX and FTSE will probably be down around 4-5% as well... Just my guess.
www.sgxniftydowfutureslive.com...
edit on 8-8-2011 by TheRemedial because: (no reason given)
reply posted on 8-8-2011 @ 10:52 AM by Nicolas Flamel
Market Update Add to My Yahoo! Set Alert 11:30 am : News that analysts at Moody's have reiterated their AAA rating for the U.S. has helped lift stocks off of their session lows.
Source
I still think cash is king right now, if you're not day trading.
reply posted on 8-8-2011 @ 11:15 AM by majesticgent
Originally posted by Curio
Originally posted by Trolloks
Apparently Obama is going to give an announcement/speech is a few hours.
2nd
Got a link or any other info on this?
CNN is running it. He is supposed to reassure everyone on the economy.
www.cnn.com...
Newest topics, updated in real-time:
Newest topics getting flags, in real-time:
Zombies? Strange happenings in Florida and Georgia [TIME LINE]
Diseases and Pandemics: 17 hours ago, 26 flags
Diseases and Pandemics: 17 hours ago, 26 flags
10-year-old deaf girl hears herself for the first time-Must See!!
Science & Technology: 15 hours ago, 25 flags
Science & Technology: 15 hours ago, 25 flags
BREAKING!!! Gunman hold up in Dallas sky crane LIVE FEED
Other Current Events: 17 hours ago, 11 flags
Other Current Events: 17 hours ago, 11 flags
Newest topics getting replies, in real-time:
BREAKING!!! Gunman hold up in Dallas sky crane LIVE FEED
Other Current Events: 17 hours ago, 120 replies
Other Current Events: 17 hours ago, 120 replies
Face eating guy from Miami on 'experimental new LSD?'
General Conspiracies: 17 hours ago, 63 replies
General Conspiracies: 17 hours ago, 63 replies
Aussie Gov Says They'll Fine Anyone Who Blames Carbon Tax For Price Increases, Despite Carbon Tax C
Breaking Alternative News: 14 hours ago, 61 replies
Breaking Alternative News: 14 hours ago, 61 replies
Zombies? Strange happenings in Florida and Georgia [TIME LINE]
Diseases and Pandemics: 17 hours ago, 47 replies
Diseases and Pandemics: 17 hours ago, 47 replies
The Above Top Secret Web sites are a
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.061 seconds
Page processed in: 0.305 seconds
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.061 seconds
Page processed in: 0.305 seconds
