GOLD PLUNGES AGAIN - HEADED TOWARD $0.00!

[Freeper]

JEFF9K (277 posts)

GOLD PLUNGES AGAIN - HEADED TOWARD $0.00!


 

Of course it won't hit zero, but it's moving in that direction.

This is a blow to conservative “G”-forces, which include GOD, GUNS, GOLD, and GREED.

Will conservative talk shows be able to survive when all their gold sponsors go out of business?

What will happen to all the people who listened to Rush and Beck and converted to gold IRAs? Will they go on welfare?

Will conservatives start to question other parts of their philosophy?

http://finance.yahoo.com/blogs/daily-ticker/gold-prices-collapse-everyone-remembers-just-yellow-metal-150633740.html

http://election.democraticunderground.com/1251312171

Yeah I'm really questioning everything I believe in because gold prices have fallen. 

Jackpine Radical (36,709 posts)
1. It's all Obama's fault.

By not letting the economy entirely crash, he pulled the rug out from gold prices.

These idiots still believe we are heading for good economic times. They also still believe that 0bama's policies are good for the country.

Warpy (69,724 posts)
3. Everything is falling at once

Usually when equities and commodities fall in tandem, people flock to gold and t-bills.

The dollar itself is quite a bit higher, so they might be rushing for t-bills, now paying a princely 2.33% interest per year.

Conservatives will never question any part of their dogma. For them, it's not a matter of sifting through data and trying to figure out what will work. For them, it's a belief system, as carved in stone and passed down through the ages as their crackpot religious ideas are.

A conservative has to be starving in the midst of ashes and rubble before he wonders what exactly has gone wrong.

If a conservative is starving and in the midst of ashes and rubles then the conservative will look at what mistakes he made and go correct them. He won't sit at home demanding the government take care of him. Odds are pretty good that a conservative will be smart enough to realize that he is heading towards ashes and rubles and adjust his behavior long before it happens. A DUmmy on the other hand will do the same stupid thing over and over again then demand that someone else bail him out.

DCBob (15,027 posts)
15. The goldifuks have finally figured out that the economy and the dollar are not going to collapse..

due to Obama and the socialists. Idiots.

Keep telling yourself that DUmmies. You were wrong about 0bamacare and we have been proven right so maybe you should consider that we do have a clue.

[SSG Snuggle Bunny]

A conservative has to be starving in the midst of ashes and rubble before he wonders what exactly has gone wrong.

And yet Proglodytes can't feed, house or educate themselves in the best of times.

[Texacon]

Ha!  I was listening to one of their idols on the radio the other day, Tom Hartman, HE was peddling GOLD!

KC

[I_B_Perky]

And yet Proglodytes can't feed, house or educate themselves in the best of times.

You beat me to it Sarge!!!! 

H5!!!

[Bad Dog]

Like all commies, they hate anyone who has more than them or is smarter than them. 

[obumazombie]

Libs are straying far afield of any expertise when they start talking about economic matters. The vast vast majority of them don't understand simple supply and demand concepts.

Case in point, the libs, representing the Malthusians, and the conservatives, representing the cornucopians. Paul R. Ehrlich, the lib, and Julian L. Simon the conservative made a bet about the scarcity/abundance of natural resources. They bet on a basket of 5 metals. the outcome, after 10 years beginning in 1980...

Each of the five metals chosen by Ehrlich's group, when adjusted for inflation since 1980, had declined in price. The drop was so sharp, in fact, that Simon would have come out slightly ahead overall even without the inflation adjustment called for in the bet. Prices fell for the same Cornucopian reasons they had fallen in previous decades -- entrepreneurship and continuing technological improvements. Prospectors found new lodes, such as the nickel mines around the world that ended a Canadian company's near monopoly of the market. Thanks to computers, new machines and new chemical processes, there were more efficient ways to extract and refine the ores for chrome and the other metals.

Just about everything a lib considers to be knowledge is propaganda.


Link to NYT article...http://www.nytimes.com/1990/12/02/magazine/betting-on-the-planet.html?pagewanted=all&src=pm

[diesel driver]

Like all commies, they hate anyone who has more than them or is smarter than them. 

IOW, they hate just about everyone.

[miskie]

So much stupid in just one post - at times I don't know how the primitives do it.

[JohnnyReb]

Now for a stock report

GOLD.....................................\/

GUNS and AMMO....................../\

DUMMIES holding steady at.......

[vesta111]

Now for a stock report

GOLD.....................................\/

GUNS and AMMO....................../\

DUMMIES holding steady at.......

Was it in the early 70's that the Hunt Brothers bought up a shit load of silver only to dump it all on the market again causing the price of silver to nose dive ???

Something along those lines, so long ago but it is the reason I  wonder if this could happen to gold also.

Does anyone remember just what happened back then, my long time memory is headed south.   

[jukin]

I'm looking at this as a buying opportunity.

So far the best performing investment I have had is bricks of .22LR. They have appreciated about 400% in less than six months.

[JohnnyReb]

Was it in the early 70's that the Hunt Brothers bought up a shit load of silver only to dump it all on the market again causing the price of silver to nose dive ???

Something along those lines, so long ago but it is the reason I  wonder if this could happen to gold also.

Does anyone remember just what happened back then, my long time memory is headed south.   

They tried to corner the silver market but their was more silver out there that people were willing to sell than they had anticipated....it damn near broke them.

[USA4ME]

Warpy

Everything is falling at once

Usually when equities and commodities fall in tandem, people flock to gold and t-bills.

The dollar itself is quite a bit higher, so they might be rushing for t-bills, now paying a princely 2.33% interest per year.

Conservatives will never question any part of their dogma. For them, it's not a matter of sifting through data and trying to figure out what will work. For them, it's a belief system, as carved in stone and passed down through the ages as their crackpot religious ideas are.

You know nothing about investing, about conservatives, and especially nothing about how conservatives invest as is obvious by your post. I'll stack the huge success of my investment portfolio and my knowledge of investing against yours any day, Hindenburg face.  That goes for any primitive on the island that wants to give it a shot.  Bring it.

.

[Delmar]

Link to NYT article...http://www.nytimes.com/1990/12/02/magazine/betting-on-the-planet.html?pagewanted=all&src=pm

Great article.  Amazing that the New York Times would, even reluctantly, admit that Simon won the bet.

[BadCat]

I guess they don't realize that gold is down because some of their socialist utopias (Cyprus, Spain, Portugal) are dumping it like crazy to try to pay off the massive debts their socialist policies have brought upon them.

I too, see it as a good buying opportunity.

[Skul]

I guess they don't realize that gold is down because some of their socialist utopias (Cyprus, Spain, Portugal) are dumping it like crazy to try to pay off the massive debts their socialist policies have brought upon them.

I too, see it as a good buying opportunity.

Which load/caliber are you looking at?

[obumazombie]

Great article.  Amazing that the New York Times would, even reluctantly, admit that Simon won the bet.

Thank you. I am quite proud of that post. It shows a distinct difference between libs and conservatives. Had you heard of that bet before ?

edit grammar

[Delmar]

Thank you. I am quite proud of that post. It show a distinct difference between libs and conservatives. Had you heard of that bet before ?

I had only heard about it anecdotally.  I never knew all the details.

[DumbAss Tanker]

JEFF9K (277 posts)

GOLD PLUNGES AGAIN - HEADED TOWARD $0.00!

Yeahhhhh....nope.

[67 Rover]

I'm looking at this as a buying opportunity.

So far the best performing investment I have had is bricks of .22LR. They have appreciated about 400% in less than six months.

In order to realize any profit you would have to be willing to sell, and if you are like me it will never happen. 

[BadCat]

Which load/caliber are you looking at?

.223 and .308 of course

[RWKindaGuy]

You know nothing about investing, about conservatives, and especially nothing about how conservatives invest as is obvious by your post. I'll stack the huge success of my investment portfolio and my knowledge of investing against yours any day, Hindenburg face.  That goes for any primitive on the island that wants to give it a shot.  Bring it.

.

It's really just the "paper" gold that's taking a hit.  I suspect that anyone (like me) that is holding physical gold won't see much of change once the paper market corrects itself.  If only "Beryankme" would just keep printing money, the stock market would hold steady and all would be right with the world.

[USA4ME]

It's really just the "paper" gold that's taking a hit.  I suspect that anyone (like me) that is holding physical gold won't see much of change once the paper market corrects itself.  If only "Beryankme" would just keep printing money, the stock market would hold steady and all would be right with the world.

Yeah well, ole Helicopter Ben is going to be leaving in January and it's got a lot of people jumpy. He's got people in place that will keep printing the money for a while, but it can't go on forever. And once it stops, watch out inflation.

Of course, that'll be the Republicans fault. Another sign the left has no clue about how economics works.

.

[Aristotelian]

A conservative has to be starving in the midst of ashes and rubble before he wonders what exactly has gone wrong.

A liberal who was starving in the midst of ashes and rubble still wouldn't wonder what exactly had gone wrong - he'd blame it all on Pres. Bush, mutter that if only Comrade Obama knew what was happening he'd change it, and notice that ashes and rubble were a step up from his previous dwelling certainly far cleaner, then wait for the government to come and solve all of his problems.

[J P Sousa]

(the P/E Ratio, the stock price divided by the earnings)
over the broad expanse of time the average P/E ratio is 16.49.

New Territory or New Warning?

Year----------------------- 1929     1966      2000       2013
       
Unemployment Rate----- 3.1%     3.9%      7%         13.4%
       
Stock  P/E Ratio--------  32.56     24.06      43.77      23.2
       
Yrs til PE reached again   68         29         Not Yet     Not Yet
       
National Debt/GDP---14.9%   33.7%    34.5%    70%

(Link not available)
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