Gold Price Crashes

Discussion in 'BlackHat Lounge' started by steelballs, Apr 15, 2013.

  1. steelballs

    steelballs BANNED BANNED

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    Gold Plummets to Two-Year Low

    Gold's 9.4% Drop on Comex Is Largest in 30 Years

    [​IMG]

    More info here?
    http://online.wsj.com/article/SB10001424127887324030704578424123590556556.html?mod=WSJEurope_hpp_LEFTTopStories

    The global economies and precious natural resources are in free fall?
     
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  2. ensema

    ensema Junior Member

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    Wont last long, it's just another artificial suppression...it will skyrocket again. If anything I would use this opportunity to buy.
     
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  3. MrBlue

    MrBlue Senior Member

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    Good time to stock up on more!
     
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  4. tapangoldy_

    tapangoldy_ Registered Member

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    I have 1 KG gold :( i lost 10,000$ X( bad day
     
  5. erickishere

    erickishere Elite Member

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    it'll go up again
     
  6. lancis

    lancis Elite Member

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    Time to buy
     
  7. Tmoney15

    Tmoney15 Registered Member

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    Great time to buy if you have the money
     
  8. angelas111

    angelas111 Elite Member

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    well, i guess my bitcoin profits offset my gold losses. i always even out somehow.
     
  9. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

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    Not quite. Think it's still got little way to go. Maybe $1200.
     
  10. surfbay

    surfbay Junior Member

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    Yes . . . that's right.

    But it calls for strength to against the market.

    Seems everyone is selling, so lets sell is not the way to profit.
     
  11. Kixstart

    Kixstart Junior Member

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    It will go up again faster than we think so it's time to buy really! I don't think it will go as low as $1200.
     
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  12. W9go

    W9go Jr. VIP Jr. VIP

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    i will buy on 900 ;) ..... still to high right now for investing
     
  13. BHopkins

    BHopkins Moderator Staff Member Moderator

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  14. ensema

    ensema Junior Member

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    I agree...buy buy buy

    Sent from my GT-I9300 using Tapatalk 2
     
  15. zebrahat

    zebrahat Jr. VIP Jr. VIP

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    Based on the naysayers approach to Bitcoin when its price dropped last week, I guess this big sell-off/correction means gold is worthless, right?
     
  16. ferma231

    ferma231 Elite Member

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    Gold price never went up, but money value decreased :)
    USD value goes down, gold price goes up.
     
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  17. Roparadise

    Roparadise BANNED BANNED

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    That could be said about many things, but purchasing power of the USD didn't drop 80% over the past few years to gold's highpoint. Many people became gold salesmen,which drove the demand up and the price up as a result of the increased demand.
     
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  18. ensema

    ensema Junior Member

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    Remember...you wipe ur butt with paper, bitcoins dont physically exist but gold will always be a precious metal (and by extension used for trading by man).

    Sent from my GT-I9300 using Tapatalk 2
     
  19. infoasian

    infoasian Supreme Member

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    Interest rates will rise again. This means Gold is out.
     
  20. Grizzy

    Grizzy Senior Member

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    Glad I didn't listen to Glenn Beck and the DA from Law & Order when they told me to buy gold coins.