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Theories continue on rapid gold price plunge

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posted on Aug, 9 2013 @ 07:51 PM
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Originally posted by votan
I prefer food & water over gold.


Yes, so do I. I also prefer lead....but lets just say we do have a SHTF event such as an economic collapse - eventually things will get better - the money you have now may be worth nothing but gold and silver will always hold some value.


As to gold manipulation, just take a look at the JP Morgan gold holdings - not much left in the bank.
edit on 9-8-2013 by MidnightTide because: (no reason given)




posted on Aug, 9 2013 @ 09:25 PM
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reply to post by Cinrad
 



I take it you didn't get the memo. Well, fortunately they made a video. You can watch it here

























Everything is what you think it is.



posted on Aug, 9 2013 @ 10:46 PM
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reply to post by Cinrad
 


Rest assured when TSHF a bushel of wheat will be worth more than an ounce of gold.



posted on Aug, 9 2013 @ 10:50 PM
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reply to post by Cinrad
 


Alex Jones not point out this last year???
Silver next....
Then a dollar devaluation......



posted on Aug, 9 2013 @ 11:07 PM
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Originally posted by EA006
reply to post by Cinrad
 


Alex Jones not point out this last year???
Silver next....
Then a dollar devaluation......


Dude, every time the Fed prints a dollar the currency is devalued.



posted on Aug, 9 2013 @ 11:30 PM
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Originally posted by guitarplayer
reply to post by Cinrad
 


Rest assured when TSHF a bushel of wheat will be worth more than an ounce of gold.


Really? Because everyone has a grain mill in their barn these days right?



posted on Aug, 9 2013 @ 11:39 PM
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Originally posted by NOTurTypical
reply to post by HanzHenry
 


Gold-tard?

My investment has grown exponentially in the last decade and will survive any collapse of the economy.

How is that in any way retarded?


A gold tard is someone who thinks they are "gonna outsmart the bankster/elites" and get into gold after it has already QUADRUPLED in value last decade/

They actually think they are 'protected' against the elites. Well, gold was a good investment 2005. 2013, hmm lets revisit this in 12months.

How can people insulate their wealth from the elites when GOLD is THE MOST MANIPULATED COMMODITY EVER.. who owns the mines? elites (check), who owns the mining equipment industry? elites (check), who controls the price of PM's? elites (check)

who has money left to loot? hmm.. could it be the exact same people who buy the bulk of gold? perhaps..

SO, how can you beat them at THEIR MOST controlled commodity? the one "they" have the longest history of using.

this is like taking on MJ and choosing basketball over baseball.



posted on Aug, 9 2013 @ 11:46 PM
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reply to post by Cinrad
 


Don't people realize these things are all by design.



posted on Aug, 9 2013 @ 11:49 PM
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reply to post by HanzHenry
 



A gold tard is someone who thinks they are "gonna outsmart the bankster/elites" and get into gold after it has already QUADRUPLED in value last decade/


Oh, "after"?

Well, that's not me then.

You don't understand supply vs demand really do you?

Unless you know of some millions of tons of gold hidden somewhere that no one else knows about.


They actually think they are 'protected' against the elites. Well, gold was a good investment 2005. 2013, hmm lets revisit this in 12months.


Stupid argument.

What was gold worth in 1982 compared to 2005? We can do this all day.


You think a quadruple jump is high? Wait till the dollar collapses.
edit on 9-8-2013 by NOTurTypical because: (no reason given)



posted on Aug, 10 2013 @ 12:08 AM
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Gold doesn't rise or dip in price, currency does.

This is the golden rule with anyone in the mining business.

I sell when its high and buy when its low.
Right now i hold no gold and when it get down and starts bottoming i will start buying.



posted on Aug, 10 2013 @ 12:28 AM
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reply to post by ANNED
 



Gold doesn't rise or dip in price, currency does.


No, precious metals are a commodity just like any other that is valued depending on supply vs demand.

It's been valued via SvsD since the dawn of human history. It's only worth what the market is willing to pay.



posted on Aug, 10 2013 @ 12:34 AM
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I'm going to try this again.. I tried earlier in the thread but got no response...

LET'S pretend that the "powers that be" knew of some incredible use of gold... and due to this they wanted to secure all of it so people like us couldn't use it in this special way... what methods do you think they would use to secure all the gold in the world that is circulating?

How would they manipulate the economy to facilitate this? Do you see any signs of this?
edit on 10-8-2013 by TheKeyMaster because: (no reason given)



posted on Aug, 10 2013 @ 12:40 AM
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Originally posted by NOTurTypical
reply to post by ANNED
 



Gold doesn't rise or dip in price, currency does.


No, precious metals are a commodity just like any other that is valued depending on supply vs demand.

It's been valued via SvsD since the dawn of human history. It's only worth what the market is willing to pay.


Much of the supply and demand is not set by buyers and sellers but by mining companies and TPTB

With gold high the mining companies around the world mine like crazy and flood the market with there gold.
this last only so long and then the price of gold starts to drop.
edit on 10-8-2013 by ANNED because: (no reason given)



posted on Aug, 10 2013 @ 12:48 AM
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reply to post by ANNED
 


You realize there is a finite gold supply correct?

The population of the Earth is not finite, the demand increases daily.



posted on Aug, 10 2013 @ 01:05 AM
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Originally posted by NOTurTypical
reply to post by HanzHenry
 



A gold tard is someone who thinks they are "gonna outsmart the bankster/elites" and get into gold after it has already QUADRUPLED in value last decade/


You don't understand supply vs demand really do you?

Unless you know of some millions of tons of gold hidden somewhere that no one else knows about.
.
edit on 9-8-2013 by NOTurTypical because: (no reason given)


simple minded guy says "well, der, gee.. even though the elites have controlled gold longer than any other currency, they cant possibly have untapped mines.. der, der yuk yuk.."

you have any clue what portion "paper" played in the rise last decade? how about if paper was responsible for 75%?

have any clue about the gold found in west Australia.



posted on Aug, 10 2013 @ 02:00 AM
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Originally posted by NOTurTypical
reply to post by ANNED
 


You realize there is a finite gold supply correct?

The population of the Earth is not finite, the demand increases daily.



Yes and less then 1/10of a % of the gold that can be economically mined has been mined.

the other 99.9% is still in the ground.



posted on Aug, 10 2013 @ 02:04 AM
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reply to post by HanzHenry
 



simple minded guy says "well, der, gee.. even though the elites have controlled gold longer than any other currency, they cant possibly have untapped mines.. der, der yuk yuk.."


Cute, appeal to ridicule fallacy. Odd you'd presuppose what the 'simple' would argue by posting arbitrary conjecture.

Free country after all, correct?



posted on Aug, 10 2013 @ 02:05 AM
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Originally posted by ANNED

Originally posted by NOTurTypical
reply to post by ANNED
 


You realize there is a finite gold supply correct?

The population of the Earth is not finite, the demand increases daily.



Yes and less then 1/10of a % of the gold that can be economically mined has been mined.

the other 99.9% is still in the ground.


If it's in the ground it's not on the market, and therefore has zero impact on the supply.

edit on 10-8-2013 by NOTurTypical because: (no reason given)



posted on Aug, 10 2013 @ 02:38 AM
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Originally posted by Ameilia

Originally posted by ownbestenemy
reply to post by Cinrad
 


What "rapid" plunge? I am curious as what constitutes as a "plunge". Unless outside forces interject, the price of gold will be directly tied to ts supply and its demand.

To the facts, it had a 4% drop; how is that a plunge?
edit on 9-8-2013 by ownbestenemy because: (no reason given)


To the facts, it has actually fallen from $1800 to $1200 in less than a year. Quite a bit more than 4%.

Gold 1 Year Chart

Study up, then you might be able to respond appropriately to what the original post is referencing.


That's a 33.3% drop.

The math is quite simple 1800 = 3*600; 1200 = 2*600. Lost a third.
edit on 10-8-2013 by FyreByrd because: (no reason given)



posted on Aug, 10 2013 @ 03:43 AM
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Hey everyone want to know what's funny, in 2008 the stock market/Dow Jones dropped to 6000pts and 5yrs later it's about to break 16,000pts. Yet there is no inflation, we're still well below the 2.5% inflation bench mark. Ben Bernanke's reason QE infinity can keep on going. Interest rates at zero percent are starting to sprout some legs. We don't have inflation, but in California gas is always at or hovering around $4.00 +/-. If you go to the grocery store you get less for the price you used to get for more but there's no inflation. Anyone remember when years ago you could buy two shopping carts full, but these days you're lucky to have one.

Jobs in America are Booming, manufacturing is back and Detroit filed for Bankruptcy just for kicks. Data reports says jobs are everywhere.

We owe 16 Trillion dollars worth of debt we will never ever repay back. Uh-Oh' someone's left holding the bag!

The dollar is an instrument of debt, backed by nothing but the full faith of the US Government, that's right backed by nothing but a promise. Just like they promise to pay back the US debt of 16Trillion dollars.

To put things in perspective, the government could take all of the people's savings accounts across the nation, sell all the properties in the US private and public, collect all the taxes in the world and they still couldn't pay off the debt.

Ben Bernanke and Timothy Geithner told congress that if the nation's debt ceiling was not increased, the US would be unable to pay its debt obligation and thus cause the US to default causing just about everyone to go bust.

The federal reserve can print billions upon billions of dollars without causing inflation as long as the banks they give the money to keep it stock piled in the bank just accumulating, they can buy treasuries/bonds, but not put it into circulation amongst the populous.

The government is directly manipulating the stock market through QE infinity.

The funny thing is everyone sees all the manipulation going on in front of their eyes, yet the hypocrites act like gold is not manipulated. Everyone forget the libor scandal?

Wake me when the derivatives markets makes some noise, did someone say 600 to 700 Trillion dollars worth of dynamite. Oh yeah gold isn't manipulated it cant' it's a pristine metal that moves markets across the world of the filthy rich and they would never let anyone put their hand in the cookie jar....or would they!

Oh well believe what you want, but gold should be a household standard for every American family.

p.s. while the gold market pulled back and corrected who do you think is the biggest buyer of gold and if it's good for them is it good for you? You make the call-

When the SHTF everyone should have months supply of water, food, first aid, firearms, gold and silver. Prepare as if a natural disaster may be around the corner. That is all-



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