Still time to buy gold imo. - Page 206 - Economics -- Two Plus Two Poker Forums

I still dont understand how 40 years off the standard means we will be fine without it. 40 years is a drop in the bucket, its nothing, an experiment at best.

06-21-2013 , 11:50 AM

#5127

JimAfternoon

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 6,903

Quote:

Originally Posted by steelhouse

From TreasuryDirect

Debt to the penny.

April 1st 2013 16.792 trillion
June 14th 2013 16.739 trillion

http://www.treasurydirect.gov/NP/deb...8&endYear=2013

http://www.treasurydirect.gov/govt/r...opds052013.pdf
May $16.738 trillion

http://www.treasurydirect.gov/govt/r...opds032013.pdf
March $16.771 trillion

But we just had a historic revenue high in April, which is always the peak month due to income tax payments on Apr. 15.

My point is that the budget is not going to stay balanced.

06-22-2013 , 03:45 PM

#5128

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by nineinchal

ETF's are buying gold and storing it at 0.4% surcharge at GLD. In SGOL, its stored physically in a Swiss Vault somewhere in Europe, I forget the country.

So its like Sammy the Bull and the 18th avenue crew booking your bets, you will get paid if you win...

Lost money, so was going through this thread to make myself feel better. Particularly looking at the posts near the top...

I think this might have been the funnies post I have ever seen.

06-26-2013 , 12:22 PM

#5129

donkeykong2

Pooh-Bah

Join Date: Jan 2007 Posts: 3,567

Quote:

Originally Posted by donkeykong2

it s over. real interest rates are rising again, the smart money is out, india can t afford it much longer, gold is imploding, everybody runnn!!!
http://www.tradingeconomics.com/indi...account-to-gdp

i did my best trying to warn everyone of the imminent collapse of the price. sadly, most of the participants would not listen to my advice.

06-26-2013 , 03:40 PM

#5130

JDalla

Total Boar

Join Date: Nov 2004 Posts: 15,537

damu borodog!

Bounce back in 3-6 years when high inflation comes knockin' tho?

#holdandwait

07-01-2013 , 04:31 PM

#5131

fanmail

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 32,698

Quote:

Originally Posted by fanmail

This seems like a classic parabolic run here, and it feels like a major top is coming fairly soon.

Quote:

Originally Posted by nineinchal

Not anytime soon. Obama and the dems must be purged, along with an EU collapse, so economies will be reorganized and bring stability...

Quote:

Originally Posted by Jupiter0

If there were consecutive runaway gaps yeah maybe. None of those now. And does a major top NOW fundamentally make any sense?

Quote:

Originally Posted by nineinchal

This why I look at the chart people and dismiss them immediately...

Quote:

Originally Posted by fanmail

Let me preface this by saying excellent call by gold bulls of the past few years.

This rally is sustainable.

signed,

$49 silver, $140 crude, $25 Minneapolis wheat, $17 soybeans, mortgage brokers, 1990s dot coms, tulips.

Quote:

Originally Posted by HarmonicaMan

Hello friend. there is going to be many corrections along the way. You don't really think this thread is about daily trading do you?? So why would u say that silly thing?? Gold wil fall as well as rise. Doesn't this happen with all other markets? If it falls to $1500, and stays for a while, then u can brag that u were right.

This is just a silly post.

$1179.4 Aug Gold Futures low from Friday says hello to you $1900+ bulls. Decent oversold bounce to 1250 from there, but I wanted to remind you all of my cautionary warnings in the summer of 2011.

07-29-2013 , 10:18 PM

#5132

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,470

I found this article on gold possibly being a source for alternative energy interesting.

Scientists Discover Huge Energy Source by Breaking a Nature Law In Ion Collider

http://www.greenoptimistic.com/2010/...d-ions-energy/

07-29-2013 , 11:30 PM

#5133

JiggsCasey

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 7,275

Quote:

Originally Posted by Jupiter0

We see this kind of story once a year or so... Scientists discover some element can be transmogrified or something into a process that creates something something a quadrillion times the speed of light something something.

Sounds tremendous for 2213 when it's actually ready... Gotta get there first.