This was another gold crash...

Discussion in 'Gold' started by TreasureHunter, Jul 22, 2015.

  1. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Land is good because, and let's face it, the government is criminal and will destroy the rest of the economy to maintain the value of their property portfolios and the portfolios of the public who vote for them. But then, gold is good to have in case the f*ck it all up... assuming the government doesn't find a way to steal the wealth of those with precious metals.
     
  2. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    The beatings will continue until moral improves.
     
  3. Peter

    Peter Well-Known Member

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    People who are dishearted by this drop should get out , because before
    this is all over, gold will be attacked and driven lower many times and to a greater extent.

    Perhaps it will finally overcome the bankers and politicans who don't want an alternative to currency.

    It will take guts and perseverance to hang on.
    It's not for speculators.
    jmo.
     
  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I'm just hoping we don't become the target of political attacks.
     
  5. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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  6. The Crow

    The Crow Member Silver Stacker

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    Apparently self-flagellation is good for the soul
    :)
     
  7. Audeamus

    Audeamus Member

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    The reason for holding gold is for one reason and one reason only - Insurance policy. Frankly, it's a bad investment, it returns nothing by way of dividends or income. To go all in is crazy, to have none is crazy.... Like all insurance policies hope you never need to use it.

    The recent nonsense in Greece in my opinion is not a typical period of distress for gold support. The banks are still in control, whether this be in theory or fact, the reality is, they (and others) think they are. The Greece concern was more about political contagion not financial. Half of Apple's cash reserves could wipe out Greece's immediate debt problem, the banks were not going to risk a global melt down over this alone. Potentially big problems in that part of the world and others I agree, but not yet. War on the other hand would be a different story.

    However, the reason for holding gold to me is clear. If the reserve banks are holding it, because lets face it they really don't what's going on either...Then so will I...

    Do as they do... Not as they say!
     
  8. Peter

    Peter Well-Known Member

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  9. JulieW

    JulieW Well-Known Member Silver Stacker

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    Keying potential would be immense!
     
  10. Peter

    Peter Well-Known Member

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    Repeat
     
  11. ScottyRS

    ScottyRS New Member

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    I say keep it falling like a lift gone wrong. I'm ready to start snapping up all kinds of sovereigns/bitannias and anything else i can get my hands on... first purchase made last week and i'll keep on going until it goes back up over 800oz.
     

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