If you look at the gold price in 1974/75 you will see a remarkable similarity to what just happened recently..... Apply a factor of 10 to the numbers....just remember wages in australia are approx. 10 times now than what they were in 1974/75...check ABS if you don't believe me. Gold peaked at approx. $195 ( $1950 ) It flattened out at about $ 170 ($1700) but during 1975, it plummeted to just over $130 (just over $1300 ) rebounded to $150 ($1500) and slowly made its way back to about $105 ($1050) I have no idea how to link this chart but if you punch the following in you will see the $40 ($400) drop and how similar is to what just happened. enjoy. http://www.chartsrus.com/chart.php?image=http://www.sharelynx.com/chartsfixed/GC1976btm.gif
Dude i really hate bursting peoples bubbles but this a lot less complex than people know... Re Gold; 1. 911 the biggest gold heist in history. 2. Markets manipulated and stolen gold value increases 550% !!!!!!!! 3. The stage we are in now is the down swing and the rapid fluctuations you see in the market are temporary. It WILL fall below 500 and stay there. Same with silver, it will be 5 before to long. The current market environment is suited for short term trades only
tell me what has happened to pre 1965 US silver coins with some prooflinks and I'll believe you. That's my way of checking all those silver experts now: they show me that silver then I'll believe what they have to say. P.S. tired of all this pattern abrakadabra going back thousands of years when people have a problem of discovering what happened some 45-50 years ago with the metal they talk about
Point 1 and 2 are interesting. But point 3? How in hell can you know it WILL fall below $500 for gold and $5 for silver and stay there? :lol:
erm reality... Truth is stranger than fiction I never offer advice but i would like to think people in the final stretch of life or those with children to feed would know to PRESERVE AND PROTECT YOUR CAPITAL AT ALL COSTS. Better to take a loss than to lose your capital entirely
Life and people are so interesting Pre 2001 If i said poins 1 & 2 to people i would be an absolute nutcase... but in 2013 its point 3 that makes me the nut... hahahhaa :lol:
Tell me MaC, are you a stacker? If you are then why do you stack if you think it'll go down and stay down? If you aren't, then why have you graced us with your presence?
oi....my cool post has been hijacked by yet another conspiracy story... I bet he didn't even look at my wonderful discovery.....
Life and people are so interesting People making outlandish statements without any basis in fact and expect to be taken seriously. and YES people think you are a nut.
These numbers are not correct! Not even close! Hang on to your Gold and Silver for now...some nice high numbers comming your way!
Comparing 2 periods in time, requires more than picking out one or a few elements to then draw an analogy. Back in the seventies>eighties, integrated circuits and computers were invented. Automatisation was invented. This allowed companies to spew out more products at the same/lower production cost. Back in the seventies>eighties, governments 'employed' (read: kept busy) less than halve of the amount personell than nowadays, with the population NOT doubling. Back in the seventies>eighties, there was no extreme regulation of any aspect within the economy. Wanna draw an analogy with today? Well, throw it in all, instead of a selection that predraws whatever wanted.
