or Connect
HotStockMarket › Forums › HSM Stock Forum › Stock Message Boards NYSE, NASDAQ, AMEX › Gold Futures and ETFs - GLD, DGL, GDX, IAU
New Posts  All Forums:Forum Nav:

Gold Futures and ETFs - GLD, DGL, GDX, IAU - Page 36

post #701 of 1041

Quote:Joke.....we have been thru this before...more than once...I have given you reasons and you choose to ignore them....

 

I will never forget that you laughed at me and you said the same things when gold was at 1000 and i said it was going to 1300 in a few weeks....

 

.....it did.....

 

As far as 'saying anything too without reason'.....you do alot of that.....and i never call you out...so ......dont try to flame it here with me...ok....

 

still love ya...but stick to what you know....which isnt the metal sector......

 

ill stick to what i know....................GLTY........................and ............GLTA!!

Originally Posted by mjoke View Post

look 2500, ill say is a possibility.. 3000.00 i can laugh at.. why not just say 5000 and get it over with. 

You dont even give any reasons for this, .. what government debt not under control, the euro annexing Greece? I mean i can say anything too without a reason attached.

 

 

 



 

post #702 of 1041

cactus.. i would of thought you would pay me the same respect i do with you and refer to my nick name correctly, and not like a child... if not then you can piss off...

 

Show me where there is any applicable info which inst your own opinion .. and backs up your opinion.. i would love to see some as i dont take peoples opinions right off the bat .. not being a dick just saying... So all grudges you hold aside... whats the reason .. other your hoping for the hype trade.

 

Umm its obvious you dont read anything i post, as everything i post has valid sources or info attached.. unlike others who like to post to post. I dotn do alot of anything but tell it how it is, and give sources, or applicable stats on something, so stop trying to go that route, its lame. ya i dont know the metals, .. whatever.. more than others who went short .. and im sorry i dont know metals which are being used incorrectly,..

 

This 1300 nonsense, ,you neglect to mention it was before QE2 but i see you only mention whats relevant to you...

Just say 5000 and get it over with, and then when it hits that you can say you called that too..

 

im not arguing the reason it will over over 2000, as if you READ my posts you would see that... but 3000 is a laugh UNLESS something happens. which as i mentioned if the banks price in greek debt correctly then sure... well maybe break that 2500 ... but you give no reason for it break 2500 which is a pysc level.

 

Im not calling you out.. i asked, why is it going to 3000..00?  and instead you get defensive and say this and that....saying there is no reason attached is a hint perhaps to explain more..

So is me asking why its going to 3000 and mentioning  the 2500 level is a call out?? No... its a comment and question and common info.... Next time i wont bother commenting..

 

To me its more currency situated .. meaning if the dollar gets weak and the euro is in the shit.. then sure ill agree.. but in my view, its contingent on that aspect.

 

all in fun cactus, and no hard feelings but sometimes i wish i saw a little more info. Like do you use an eight ball or normal methods?

 

 

 


Edited by mjoke - 8/30/11 at 9:46pm
post #703 of 1041

nm forum is acting wierd

post #704 of 1041

mispost

post #705 of 1041

Let me sum it up ...as short as i can....The peeps who set the worlds monetary polices have blown it.......in a big way......

 

fiat is dead.......period.

 

If that doest work for you....think of why you think it may go to 2500...and then just expand a few % points....pretty easy stuff....

 

dont make it hard

 

We are in a bull market with metals.....

 

Adjust for inflation and we are no where near the last highs 2-3 decades ago

 

I do read your posts....and some are

 

good for a laugh and some i learn from........one thing i think we agree on is the market is pulling peeps in again and then it will bring them

 

to their knees like nothing we have EVER seen before.......

 

and actually 5k is not out of the question........dont ya wish ya had bought back at 900......................LMAO......................

 

All IMHAO...and all be warned of stocks long term, and all be careful with the metals ...a TRUE correction is on the horizon......

 

Still love ya....mr mjoke......................................GLTA!!!

 

 

 

 

post #706 of 1041

i havent read any of the posts..lol

but 2000 by mid sept-oct

 

theres no improvements in the economy..housing and emplyment are nowhere near

 

the postal service cut 120K jobs last month!!more than the employment increase for the entire month

post #707 of 1041
Quote:
Originally Posted by cactus View Post

The peeps who set the worlds monetary polices have blown it.......in a big way......

 

fiat is dead.......period.



Bingo-bango. Bernanke was asked if gold is money... he said it isn't. This says a lot about fiat currency, and perhaps even more about Gold. Gold might not BE money, but it's better than money as we have come to conceive of 'money.' Nouriel Roubini has this to say about gold as currency (he tweets this regularly at gold bugs)...

"3 required roles of a currency: 1. Means of Payment; 2. Unit of Account; 3. Store of Value. Gold today isnt a currency as it is NOT 1. & 2."

Note that gold has #3, it is a store of value. When fiat is printed, paper currency loses value by the % of new money printed. Gold theoretically increases in value by that same %. The problem that people have, among those who don't believe in the 'reality' of gold's value, is that gold's value is entirely based in perception, as it is useful for storing value, as jewelry, and other non-industrial applications. BUT... so long as there is an ample supply of believers, and "storers of value," gold will continue to obey the rule outlined above, so if you assume people's collective view of gold won't shift much, and fiat currency policy will continue on it's current path, then gold is going to head up in price, in general.

There are people who are naturally skeptical of things, who among them will readily embrace gold's upside? Probably not many. Since gold's value isn't "real" in the sense that a car has real value because it can get you somewhere, a hammer has some real value because it can drive a nail, and palladium is relied upon in the fabrication of catalytic converters... gold has no "real" value. But I'll still pay for it, even though in technical terms, it might as well be a mirage.
post #708 of 1041

Walk into a place of business tomorrow ....talk to the proprietor....agree on a price of his product....ask if he would accept an ounce of gold as payment........

 

Bet my azz he would and give change if needed........................

 

.....................................GLTA!!!...........

post #709 of 1041
Quote:
Originally Posted by rando View Post




Bingo-bango. Bernanke was asked if gold is money... he said it isn't. This says a lot about fiat currency, and perhaps even more about Gold. Gold might not BE money, but it's better than money as we have come to conceive of 'money.' Nouriel Roubini has this to say about gold as currency (he tweets this regularly at gold bugs)...

"3 required roles of a currency: 1. Means of Payment; 2. Unit of Account; 3. Store of Value. Gold today isnt a currency as it is NOT 1. & 2."

Note that gold has #3, it is a store of value. When fiat is printed, paper currency loses value by the % of new money printed. Gold theoretically increases in value by that same %. The problem that people have, among those who don't believe in the 'reality' of gold's value, is that gold's value is entirely based in perception, as it is useful for storing value, as jewelry, and other non-industrial applications. BUT... so long as there is an ample supply of believers, and "storers of value," gold will continue to obey the rule outlined above, so if you assume people's collective view of gold won't shift much, and fiat currency policy will continue on it's current path, then gold is going to head up in price, in general.

There are people who are naturally skeptical of things, who among them will readily embrace gold's upside? Probably not many. Since gold's value isn't "real" in the sense that a car has real value because it can get you somewhere, a hammer has some real value because it can drive a nail, and palladium is relied upon in the fabrication of catalytic converters... gold has no "real" value. But I'll still pay for it, even though in technical terms, it might as well be a mirage.


Greatest post I've read about gold. worship.gif


Edited by mpr - 8/31/11 at 2:19am
post #710 of 1041

check out currency and credit derivatives. http://www.usdebtclock.org/ 

 

to me that is just crazy, digital money that don't even exist. we will need to cut all our trees to print that much money. or just go all digital money. like put bunch of zeros on a computer and tell Chinese that we will wire it to them for there products. wtf. all they will have is bunch of 10000000000000000 on the computer and we will have tangible assets. or if they don't like that, then we will just print bunch of paper for there goods. trade war is coming get ready.

post #711 of 1041

just to finish my thought, that will show you why gold is the real deal. so now china has few trillion dollars that pretty much can buy a state. but we Americans point out to china that we are not for sale, you can invest in us (give us your stuff). while we give you paper what we call our money. and you can not buy us with those papers, but you can give the paper back so that we can give you %(treasuries) on those papers so that you can get more papers. well another option for china is to use US dollars(paper) to buy things from other country's, like oil. sure that worked for while, but now we print and print so it worth less. and other country's now getting into there head that united states is a middle man that uses there paper to live off from every one else that is not backed by anything. so here comes trade war. like back in the day, you give me chicken and i give you half of the cow.

 

So China, one day very soon will say "why do we need united states". So that we give the stuff and they give us paper that they call money, which can't buy anything from them. And guess what, we don't make anything to trade and we don't let them buy us.

 

And really soon, reality will kick in. That's when the world can either start trading part of cow for a chicken, grains for coffee, oil for ???

 

That's when gold and silver will come in. why do you think country's hold gold. just because?

 

i can go on and on. maybe later.


Edited by Mr.Sono - 8/31/11 at 8:42pm
post #712 of 1041
Quote:
Originally Posted by Mr.Sono View Post

i can go on and on. maybe later.


Oh please continue!

 

 

*edit* no worries ;)


Edited by russc - 9/1/11 at 1:22am
post #713 of 1041

LOL, did not want to offend any body.

 

Quote:
Originally Posted by russc View Post




Oh please continue!

 



 

post #714 of 1041

 Here's a thought, let's sell all our gold to China to pay our nat'l debt! Then we could invade the saudi's, steal all their oil, and sell it to china for double the price they bought our gold for. Buy back our gold from china, devalue our fiat to paper value, and revert back to the gold standard. Could, will happen if a republican gets into presidency.. A george-bush-mitt-romney ron paul studdering Booyah!

 

 

  Fine Troy Ounces Book Value
     
Gold Bullion 258,641,851.485 $10,920,427,976.14
Gold Coins, Blanks, Miscellaneous 2,857,047.831 120,630,844.95
     
Total 261,498,899.316 11,041,058,821.09

 

Quote:

Originally Posted by Mr.Sono View Post

just to finish my thought, that will show you why gold is the real deal. so now china has few trillion dollars that pretty much can buy a state. but we Americans point out to china that we are not for sale, you can invest in us (give us your stuff). while we give you paper what we call our money. and you can not buy us with those papers, but you can give the paper back so that we can give you %(treasuries) on those papers so that you can get more papers. well another option for china is to use US dollars(paper) to buy things from other country's, like oil. sure that worked for while, but now we print and print so it worth less. and other country's now getting into there head that united states is a middle man that uses there paper to live off from every one else that is not backed by anything. so here comes trade war. like back in the day, you give me chicken and i give you half of the cow.

 

So China, one day very soon will say "why do we need united states". So that we give the stuff and they give us paper that they call money, which can't buy anything from them. And guess what, we don't make anything to trade and we don't let them buy us.

 

And really soon, reality will kick in. That's when the world can either start trading part of cow for a chicken, grains for coffee, oil for ???

 

That's when gold and silver will come in. why do you think country's hold gold. just because?

 

i can go on and on. maybe later.



 

post #715 of 1041



yeah the only thing is that we don't have all that gold.  and we might as well go to Saudi and take there oil, since we invaded all other middle east country's. no wonder china is creating there army like crazy. looks like they will be only once with the balls.

Quote:
Originally Posted by moneykid View Post



 



 

post #716 of 1041


 

Quote:
Originally Posted by mjoke View Post

 

Umm its obvious you dont read anything i post



Joke he's not the only one. Hey out there who made mjoke a junior analyst? Does learning the jargon and posting extremely vague content intermingled with big words and encrypted back doors to every post equal the qualifier. I would like to nominate myself as a senior dufus. Could one of the mods second that.

post #717 of 1041



That data is of August 31 2011 from the US treasury. What do you mean we don't have it? Provide support please. Here's the link: http://www.fms.treas.gov/gold/current.html

Quote:
Originally Posted by Mr.Sono View Post



yeah the only thing is that we don't have all that gold.  and we might as well go to Saudi and take there oil, since we invaded all other middle east country's. no wonder china is creating there army like crazy. looks like they will be only once with the balls.



 



 

post #718 of 1041

Day/week is going as expected...Barring some major news event I would not look for anything more than a sideway move today and tomorrow.....

 

Might get a lil shake on the weekly jobs #s etc.....but looking toward next week ...week after perhaps, before the waters start to clear...........................GLTA!!!

post #719 of 1041

they have not audit it for years. i do hope we have all that gold.

 

Quote:
Originally Posted by moneykid View Post



That data is of August 31 2011 from the US treasury. What do you mean we don't have it? Provide support please. Here's the link: http://www.fms.treas.gov/gold/current.html



 



 

post #720 of 1041
Quote:
Originally Posted by Mr.Sono View Post

they have not audit it for years. i do hope we have all that gold.

 



 


Well, I think it was a secretary of the Rockefellers (Auchincloss?) who insinuated that gold was being removed from Fort Knox illegaly by the Fed, and then she turned up dead a few days later having 'fallen' out of a 10th story window. Is that gold now simply collateral against the national debt?
New Posts  All Forums:Forum Nav:
  Return Home
HotStockMarket › Forums › HSM Stock Forum › Stock Message Boards NYSE, NASDAQ, AMEX › Gold Futures and ETFs - GLD, DGL, GDX, IAU