Why you need to buy gold.

Discussion in 'Markets & Economies' started by JulieW, Jul 12, 2011.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    The Age doesn't say so, but the facts do.


    Perfect storm batters shares

    http://www.theage.com.au/business/markets/perfect-storm-batters-shares-20110712-1hbg6.html

    - The dollar drops to $US1.0532
    - European stocks extend falls at the open
    - Asian shares slump, Nikkei below 10,000
    - WTI crude oil falls to $US94 a barrel
    - Spot gold slips to $US1551 an ounce
    - Dow futures lose 96 points to 12,393

    Yes of course you'd put your investments in the US and Japan - two absolutely rock solid destinations! (sarcasm font).
     
    JulieW, Jul 12, 2011
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  2. fishball

    fishball New Member Silver Stacker

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    Funny how they say 'slips to $1551 USD' when last week it was hovering poorly around $1500 waiting to crash.

    Ahhh words and manipulation. Good stuff.
     
    fishball, Jul 12, 2011
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  3. Old Codger

    Old Codger Active Member Silver Stacker

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    Fishball,


    "Ahhh words and manipulation. Good stuff."



    Yep, the stock in trade of the media, together with emphasis and control.


    ....and we won't even mention the 'News of the World etc etc etc etc.




    OC
     
    Old Codger, Jul 12, 2011
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  4. boston

    boston Well-Known Member Silver Stacker

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    LOL :)
     
    boston, Jul 12, 2011
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  5. Ag

    Ag Well-Known Member Silver Stacker

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    'Spot gold slips to $US1551 an ounce'

    Even as an Ag Bull I find that statement repulsive...
     
    Ag, Jul 12, 2011
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  6. Fe Mike

    Fe Mike New Member Silver Stacker

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    re media: See signature, below - quote from an old newspaper hack
     
    Fe Mike, Jul 13, 2011
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  7. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    phrases such as the one from the Age are what feed the tin in the tin foil hat.

    SLIPS haha -
    kinda implying it was worth more before and look where it has come DOWN to haha
     
    THUCYDIDES79, Jul 13, 2011
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  8. fishball

    fishball New Member Silver Stacker

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    Well Gold just slipped to $1570 US, sigh I feel so bad holding Gold...oh wait nah.
     
    fishball, Jul 13, 2011
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  9. somerset

    somerset Member Silver Stacker

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    It's similar to the phrase "investors taking profits", surely they weren't making that much in the first place?
     
    somerset, Jul 13, 2011
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  10. Ouch

    Ouch Active Member

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    Maybe gold will suffer a massive crash to $5000 end of this year
     
    Ouch, Jul 13, 2011
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