10 reasons why Gold bugs lost their shirts!

Discussion in 'Gold' started by TheEnd, Jan 9, 2014.

  1. TheEnd

    TheEnd Well-Known Member

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  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    And mainstream
     
  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

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  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    What an appalling article. Not one of their ten facts has anything to do with gold but relate to market truisms. If you buy physical gold (and other PM) over time none of these 10 so called fact apply. Lose my shirt ?? What a load of BS. Nothing sobering here !
     
  5. screaming eagle

    screaming eagle Active Member Silver Stacker

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    The fact that the article is 'mainstream' shouldn't matter. It does contain some valid points, but isn't the be all and end all of the Gold debate.
     
  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    No. 8 is GOLD.
     
  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Commodities have no fundamentals!!!

    [​IMG]
     
  8. TheEnd

    TheEnd Well-Known Member

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    9 got me......And now I'm really wondering what I am doing on this site???

    Where's all the 'hyperinflation' the so called experts have been talking about for soooooo long now???.....

    And wheres the massive devaluation of the USD the experts have been talking about for soooooo long now???

    This is gunna go on for 20 years just like Japan did and PM's WILL NOT be required!

    Not to mention a NWO electronic currency taking place of PM's???
     
  9. boston

    boston Well-Known Member Silver Stacker

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  10. TheEnd

    TheEnd Well-Known Member

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    Wots '...' supposed to mean?
     
  11. trew

    trew Active Member Silver Stacker

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    What a total crock

    but I'm not surprised to read such crap in newspaper articles

    confirmation bias also applies to the average newspaper reader who wants to feel ok that they never got into pms
     
  12. boston

    boston Well-Known Member Silver Stacker

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    I deleted my post.

    Since you appeared to be in such distress about your PM's, I was actually going to offer to buy your stack from you.
     
  13. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    ^^^ Examples of No.10? :p
     
  14. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Well, it seems the article may not be that far from the mark after all. :lol: ;) :p
     
  15. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Hey wrcmad so you think it's rational an good economic practice to print money and monetize the debt. It's leads to economic recovery and wealth creation for all. I am not critical of sceptics, I am critical of insanity. This is clearly an article written by a paper bug probably a silver fish. Lost my shirt hahahaha. That hurts almost split my shirt. Keep investing in paper there are a lot of silver fish that need to eat.

    Please don't believe what you read in the Sydney newspapers, after all I only buy them so my puppy has something to aim at.
     
  16. worldbubble

    worldbubble Active Member

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    I'll tell you exactly when gold bugs will lose their shirts:


























    when gold evaporates and becomes air
     
  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Very good point.

    But, as it's mainstream, it uses mainstream logic, the most striking piece of typical mainstream evidence used by the author of this article for me was:

    Only if you believe the government line. :/
     
  18. trew

    trew Active Member Silver Stacker

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    So commodities have no fundamentals ?

    I guess all the world's oil, coal and copper companies just operate at random then.
    They just toss a coin when deciding if they should spend a few billion opening a new mine.

    What a totally stupid thing to say.
     
  19. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    That was the second thing that screamed at me.
     
  20. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I apologise. I didn't realise what a raw nerve my jest had hit.
    I never mentioned anything about money printing and it's effects. That drum has been beating for years (No. 1 :p).
    And FYI, I bought physical gold last night.
    However, your reaction reinforces the point of the article to some extent.
    While I don't take seriously the line that gold bugs lost their shirts, I think the article has some legs - for the most part, it merely lays out good investment philosophy for most investment classes.

    No, they don't just toss a coin or operate at random. Investment decisions are, however, based on "whatever the next guy is willing to pay for them", and projections (best guestimates) of this number. Simple demand/supply.
    As you know, I am an advocate of supply/demand and market dynamics. It works for me, and always has.
    I don't buy the theory that the fundamentals of gold are based conveniently on one single monetary supply figure of a chosen nation - in my mind, this tired argument does not amount to "fundamentals", it is merely an isolated data point of convenience and last resort.
    Stupid? What stupid?

    Geezus, you guys need to relax a bit. This is exactly what No.10 spells out plain and clear.
     

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