Down down down
I don't always invest, but when I do it is at historic highs.
I will guarantee it is going back up, and, for the same reasons, it is a steal now and it will still be worth buying at $2000, good luck finding any when it hits $4000
kylethasnizake - I will guarantee it is going back up, and, for the same reasons, it is a steal now and it will still be worth buying at $2000, good luck finding any when it hits $4000You GUARANTEE it?
kylethasnizake - I will guarantee it is going back up, and, for the same reasons, it is a steal now and it will still be worth buying at $2000, good luck finding any when it hits $4000
I am sure it will, just like I am certain I will die.
It will go back up eventually, it is more a matter of how much and when.
I would image the supply will be similar or greater when it hits $4,000. If it gets up that high ahead of what inflation adjusted value would be I imagine there would be more than a few people looking to take profits.
I think almost everything went down today thanks to the Bernank.
It's on sale for me and will buy some tomorrow.
<blockquote>kylethasnizake - I will guarantee it is going back up, and, for the same reasons, it is a steal now and it will still be worth buying at $2000, good luck finding any when it hits $4000</blockquote><br />even with the fed rate at 0 your saying this- teh mathsss do you know it?
You took investment advice from the OG? You got what you deserved man.
they meant 1900 W. Main St. there's a little jewelry store, i think they were setting you up bro.
We were all shorting gold at those levels on the trading thread. You just need to listen to the right people, not the gold bugs who live on YouTube turning gold/silver into a religion.
A bubble is a bubble is a bubble, while you are playing Nostradamus....equities are up 120% in the last 4 years...hmm what side of the buying/selling fence should one be on?
Where average people have gone wrong with gold is
1) they were not in the game when gold was under $400.
2) when YouTube tells them gold could go to $5000, they hear "gold is without a doubt going to $5000"
3) instead of listening to YouTube in 2008/2009, they waited for confirmation and bought the highs during the parabolic price move in gold
4) they forgot the advice they all gave people before the gold bug YouTube explosion... Invest no more than 10-15% of your capital in PM's
This is not to say they are doomed with their gold investment. Like YouTube says, it still could go to $5000-$10000. Who knows if the fed will stop printing. Maybe they understand that they now control the stick market and are stabilizing markets.
Stock market *
Has anyone checked the price on physical? I know the ETFs are down, but practically anyone with a brain isn't using those anymore
I was also reading predictions of a Dow Jones Average of 120,000. (yes 120,000)
When you start hearing crap like that, it's time to sell everything.
This will eventually unleash a paperapocalypse.
The tide always moves out before a tsunami hits.
Lol @ goldbugs. You can't even have a reasonable discussion with them.
Just remember that gold lost almost 50% between 1975-1977 then it took off like a rocket to +$850
And it took a FED chair like Volcker and high interest rates to stop it and bring people back into the dollar
The wild card that I see is China and their banking problems. They have a crazy shadow banking system and are hiding billions of losses off the books.
Once it gets exposed, I think the majority of large firms/funds will look past gold and just go for the cleanest dirty shirt, anything based in USD.
With the FED having been printing money for a long time now, theoretically gold should be up and so should inflation...however, both things have been moderate. All that money is still out there, sitting in China and in banks. If it starts getting spent, we may see inflation/higher gold. Hard to say.