$350 Gold :(

Discussion in 'Gold' started by House, Jul 30, 2015.

  1. valuecreator

    valuecreator Well-Known Member Silver Stacker

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    Sorry, I'm not going to spend my time searching your past posts...

    But I think it's pretty well known that every time we talk about valuing asset in something else than a currency,

    or that if we haven't sold, we actually haven't lost $,

    You will be there, saying that we are just making shit up to keep us from facing reality....

    http://forums.silverstackers.com/message-827441.html#p827441

    Guess what, the rich disaggree. You can hold the cash if you want, they'll have the real wealth. To them currency is just a transactional tool.

    I'm not expecting you to expand your binary thinking here, but others might understand what I'm talking about and deal a lot better with what's coming up already started.

    To those interested, start here:

    http://pricedingold.com/
     
  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    No. The rich agree.
    As you point out above - that's why they hold income producing assets.
    And yes, they would also scoff at the myth that "you haven't lost until you sell".... they didn't become wealthy by pretending they haven't lost wealth.
     
  3. valuecreator

    valuecreator Well-Known Member Silver Stacker

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    that's because you think they value wealth in dollars.

    you do. they don't.

    I know because I asked them.

    they don't accumulate dollars, they accumulate assets. Paper $ valuation go up and down, the asset is still there. The wealth didn't go anywhere.

    and these assets buys them more assets.

    You think the income is $, because you're a dollar thinker.

    they scoff at people like you, but in private. A good inside joke.

    You think they just lost half their net worth, yet they're laughing their asses off. And you don't even understand why...

    it's a gimmick and you're going for it.

    $ are just vouchers for real wealth.

    You wanna be rich in coupons, go for it! :lol: (don't forget to check the expiration date)

    Gold can get you less $ (what you call going down), but actually get you more Oil, Nat. Gas or shares. Very hard to compute if you're a dollar thinker. ;)

    /this is my last post in this thread/
     
  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    :lol: :lol:
    Seriously?
    :lol:
     
  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Why can't we all just get along :(

    [​IMG]
     
  6. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I don't think there's a single publicly listed miner in the world producing at that price at any one of their mines. Way more than half of them aren't producing at twice that price even with strong tail winds of cheap currency and crazy low oil prices.
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    "It can't stay too long under production costs" <<< REMEMBER?

    It's logical. I can't imagine what the heck can keep gold that low down. It's hard to imagine gold stay too long below 900 $.
    Sub-800 $ still (hardly) imaginable...

    ...but not for long.

    Gold producers would go bankrupt. Then Silverstackers.com could buy up Yamada (with members' contributions/coins) and start our own gold mining company!

    :lol:

    Penny stock gold mining companies :D

    350 $ gold is outrageous!

    Marketwatch.com should start making horror movies.
     
  8. JulieW

    JulieW Well-Known Member Silver Stacker

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  9. JulieW

    JulieW Well-Known Member Silver Stacker

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    More topical:

     
  10. Audeamus

    Audeamus Member

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    I have always found it amusing with the manipulation argument on gold/Silver etc, that the commonly held view is that it has only caused the price to drop. Surly though the manipulation argument holds true both ways, not just for the PM's, but for all markets. Could I dare suggest that the highs in the past may well have been manipulated up.

    I would have to argue the point of the East being more "transparent, efficient, and balanced". Have they not heard of the shadow banking system of China...

    In the end though, isn't this after all why we hold the metals...Not because of what we know, but more the fear of what we don't.
     
  11. billybob888

    billybob888 Well-Known Member Silver Stacker

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    i would love to see gold manipulated down to $350
     
  12. billybob888

    billybob888 Well-Known Member Silver Stacker

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    but then again my gold stocks would go below zero, so much so that I might owe them money for holding their shares
     
  13. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    NO!
    This would condemn any phys holders to having to admit all liability of losses! It is unspeakable. :p
     
  14. Aureus

    Aureus Active Member Silver Stacker

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    Never say never but no one likes gold at the moment and it's still well over $1000oz, what kind of crisis will we be in when it's $350oz...

    psychological damage will be done when it dips under $1000, not $825, surely? :/
     
  15. Audeamus

    Audeamus Member

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    Now haven't the Chinese got everyone in a flap...Looks like gold has A few friends today. Manipulation by proxi, who would have thought...
     

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