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03 29, 24, 06:53:55:AM

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Biden Does NOT need a BILL to close the border
He only needs a PEN. Thats all he needed to open it.
Thats all he needed to close it. Thats all Trump needed.
Maybe this is just Proof Trump is better than Biden.

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 |  All Boards  |  Current Events  |  Topic: Any One Still a SUCKER for Gold? 0 Members and 1 Guest are viewing this topic.
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Truman62
Sr. Member

Posts: 95622

MAGA Policies bring Misery and Death to America!


« on: 11 26, 14, 11:38:06:PM » Reply

Anyone notice how the price of gold has PLUMMETTED from a high of $1700+ an ounce now to less than $1200 and ounce?

Lost almost 1/3 of its value in 2 years!

You Repocons doing one huckuva job!

http://www.goldprice.org/gold-price.html
Byteryder
ΜΟΛΩΝ ΛΑΒΕ
Sr. Member

Posts: 32425

ante omnia armari


« Reply #1 on: 11 27, 14, 12:07:07:AM » Reply

Vit, you really don't know how the international economy works, do you..
Byteryder
ΜΟΛΩΝ ΛΑΒΕ
Sr. Member

Posts: 32425

ante omnia armari


« Reply #2 on: 11 27, 14, 12:30:07:AM » Reply

Come on, Dav.  Give us a clue as to why you think the price of Gold has dropped so much in 2 years, and why you think the "Repocons" are responsible. 

Opppps.  These should be addressed to Davik.  Sorry, Vit.  Hard to tell you two apart
Dan
Contributor
Sr. Member

Posts: I am a geek!!

JW2 is a homosexual


« Reply #3 on: 11 27, 14, 01:46:38:AM » Reply

If Republicans caused gold to drop, that means investors think they are doing a good job on the economy.   Thanks, davik.
chuck_curtis
Contributor
Sr. Member

Posts: 68575

Let's go Brandon!


« Reply #4 on: 11 27, 14, 02:19:10:AM » Reply

Sold all I had remaining in July and have been scaling back into it recently.  Thanks for asking.  Seems to be bottoming, but December will know better.
DaBoz
Contributor
Sr. Member

Posts: 41944

Obama shit on Blacks, They are Arab toilets.


« Reply #5 on: 11 27, 14, 02:32:11:AM » Reply

It up from its 300 low.. Whats the problem?  Did you foolishly buy at the top, instead of selling like the smart ones did.  Are you so stupid as to think your opinion on gold in the world matters with your 20/20 hindsight. You have been bad mouthing gold all the way to the top and back down??  Even a broken clock is right twice a day.

 Just wtf is your point... Did you own Eastman Kodak,,, did you bad mouth those that bought it as it went down the tubes.  GOLD Is an an Investment tool, you asshole.
chuck_curtis
Contributor
Sr. Member

Posts: 68575

Let's go Brandon!


« Reply #6 on: 11 27, 14, 02:33:14:AM » Reply

I also think the conventional stock market is entering the blow-off top phase, but it's a risky proposition since this bull is long in the tooth without having a major correction.  Could be very profitable for risk takers.  Gold, however, is cheap and so less risky.
DaBoz
Contributor
Sr. Member

Posts: 41944

Obama shit on Blacks, They are Arab toilets.


« Reply #7 on: 11 27, 14, 02:43:45:AM » Reply

 I thinks its a great time to buy. The banks still have those trillions of depreciating dollars in their holding they have not lent out.
chuck_curtis
Contributor
Sr. Member

Posts: 68575

Let's go Brandon!


« Reply #8 on: 11 27, 14, 03:13:00:AM » Reply

Energy is also very cheap.   Gotta buy what nobody loves.
Byteryder
ΜΟΛΩΝ ΛΑΒΕ
Sr. Member

Posts: 32425

ante omnia armari


« Reply #9 on: 11 27, 14, 03:32:33:AM » Reply

Gold is a reflection of the value of the money buying it.

If it takes fewer dollars to buy the same amount of gold than it used to take, it simply means that each dollar is worth more than it was before.
DaBoz
Contributor
Sr. Member

Posts: 41944

Obama shit on Blacks, They are Arab toilets.


« Reply #10 on: 11 27, 14, 03:57:15:AM » Reply

Davik is one of these ignorant saps that has an opinion and no clue about the product


Hey shithead,,, You make money on both sides of the trade,, going up or DOWN,,, Go short if you don't like gold.  He pretends to be some kind of genius on the topic and missed the 600 move to the upside from here..
chuck_curtis
Contributor
Sr. Member

Posts: 68575

Let's go Brandon!


« Reply #11 on: 11 27, 14, 10:22:39:AM » Reply

Other currencies are dropping against the dollar because their economies are failing:  Japan, China, Europe.  Doesn't mean the dollar is doing great, but the value of currencies is measured relative to other currencies so it is said that the dollar is strong.  That's why prices are falling in term of dollars.  All those other failing economies will soon find our doorstep as the world is economically interconnected.  The value of gold doesn't change, but the price does.  If a dollar can buy more today than yesterday, then gold can buy more today than yesterday.
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