Barak Obama Saved the Stock Market

Harrekin

Harrekin

Well-Known Member
ricky1lung said:
I'm not sure how it would be ignorant to suggest the price of gold will tank.
Click to expand...
The price of gold is actually held artificially low, the volume of certificates compared to the amount of actual gold being held are two completely different things.

Once that house of cards falls the price will spike.

Or just wait for the stock market to fail again...
 
ricky1lung

ricky1lung

Well-Known Member
Harrekin said:
The price of gold is actually held artificially low, the volume of certificates compared to the amount of actual gold being held are two completely different things.

Once that house of cards falls the price will spike.

Or just wait for the stock market to fail again...
Click to expand...

And now we're getting somewhere.
Yes, the price of gold is absolutely artificial. That was my point in saying I don't understand why people dump money into something so easily manipulated.

Funny stuff in here people calling people dolts and ignorant because they think gold will just go up in an artificial market.



image.jpg
 
Harrekin

Harrekin

Well-Known Member
ricky1lung said:
And now we're getting somewhere.
Yes, the price of gold is absolutely artificial. That was my point in saying I don't understand why people dump money into something so easily manipulated.

Funny stuff in here people calling people dolts and ignorant because they think gold will just go up in an artificial market.



View attachment 3486748
Click to expand...
If you invest in certs you're never going to get anywhere.

Physical gold is really the only way to invest, but as part of a diversified portfolio (and expect it to be a long term investment).
 
Balzac89

Balzac89

Undercover Mod
ricky1lung said:
And now we're getting somewhere.
Yes, the price of gold is absolutely artificial. That was my point in saying I don't understand why people dump money into something so easily manipulated.

Funny stuff in here people calling people dolts and ignorant because they think gold will just go up in an artificial market.



View attachment 3486748
Click to expand...
Gold will never be 2-300 an ounce ever again. And if it ever did you'd never be able to find a ounce if you wanted to buy at that price
 
ricky1lung

ricky1lung

Well-Known Member
Balzac89 said:
Gold will never be 2-300 an ounce ever again. And if it ever did you'd never be able to find a ounce if you wanted to buy at that price
Click to expand...
When was it the market was saying we will never see sub $100/barrel oil?

And here we are at approx $40

My whole point was that it is a manipulated market, and the price will tank.
Will it go down to 2-300? Perhaps not, however it doesn't mean it's guaranteed to rise.

How far down it will go is anyone's guess, but as history has shown gold is subject to major swings.
 
UncleBuck

UncleBuck

Well-Known Member
Harrekin said:
The price of gold is actually held artificially low, the volume of certificates compared to the amount of actual gold being held are two completely different things.

Once that house of cards falls the price will spike.

Or just wait for the stock market to fail again...
Click to expand...
when has the stock market failed before?

every time it dips down, it goes right back up to above where it was before again.

you are stupid. very stupid.
 
Harrekin

Harrekin

Well-Known Member
ricky1lung said:
When was it the market was saying we will never see sub $100/barrel oil?

And here we are at approx $40

My whole point was that it is a manipulated market, and the price will tank.
Will it go down to 2-300? Perhaps not, however it doesn't mean it's guaranteed to rise.

How far down it will go is anyone's guess, but as history has shown gold is subject to major swings.
Click to expand...
You can't just extract moar gold the way you can deposits of oil/gas tho, gold is elemental and oil is a compound.

Oil can be found where ever there was life, gold is far more scarce than that.

Not a good comparison.
 
C

ChesusRice

Well-Known Member
Harrekin said:
You can't just extract moar gold the way you can deposits of oil/gas tho, gold is elemental and oil is a compound.

Oil can be found where ever there was life, gold is far more scarce than that.

Not a good comparison.
Click to expand...
Price dictates extraction. There is more gold than you believe
 
ricky1lung

ricky1lung

Well-Known Member
Harrekin said:
You can't just extract moar gold the way you can deposits of oil/gas tho, gold is elemental and oil is a compound.

Oil can be found where ever there was life, gold is far more scarce than that.

Not a good comparison.
Click to expand...

The point is continually lost or you guys just choose to pick portions to argue.

When was it "The Market" was saying we will never see sub $100/barrel oil?
We've already concluded the gold market is artificial, open to manipulation & gold is subject to major swings.

Just because the market wants you to believe something so they can sell you a product it does not make any of their claims completely true. Sales people are well known to say anything they can to make a sale.

All I said, was gold prices will tank. And they will. No real room for argument.
 
S

schuylaar

Well-Known Member
NLXSK1 said:
Yep, that is what he claimed exactly 2 months ago on June 25th...

http://www.businessinsider.com/obama-saved-stock-market-2015-6

It is really WEIRD that he has not made a statement about it since thursday when it started crashing... I am sure it is simply an oversight, he is happy to come out on things within HOURS of them when they seem to support his ideology.
Click to expand...
fail. it doesn't say that anywhere. you are being mislead by creative license.

i see no quotation marks around or para-phrase that statement..

are you a FOX viewer?

:lol:
 
doublejj

doublejj

Well-Known Member
Gold is an industrial metal. The industrial demand for gold has out paced production for the last 30 years.. My foster son works construction in gold mines in Elko Nev.
 
You must log in or register to reply here.
Top