1. This website uses cookies to improve service and provide a tailored user experience. By using this site, you agree to this use. See our Cookie Policy.
    Dismiss Notice

Gold Price Crashes

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

  1. steelballs

    steelballs BANNED BANNED

    Joined:
    Dec 5, 2008
    Messages:
    1,832
    Likes Received:
    4,562
    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?
     
    • Thanks Thanks x 3
  2. ensema

    ensema Junior Member

    Joined:
    Jul 6, 2012
    Messages:
    101
    Likes Received:
    33
    Wont last long, it's just another artificial suppression...it will skyrocket again. If anything I would use this opportunity to buy.
     
    • Thanks Thanks x 5
  3. MrBlue

    MrBlue Senior Member

    Joined:
    Dec 18, 2009
    Messages:
    975
    Likes Received:
    682
    Occupation:
    Web/Bot Developer
    Good time to stock up on more!
     
    • Thanks Thanks x 1
  4. tapangoldy_

    tapangoldy_ Registered Member

    Joined:
    Jan 14, 2013
    Messages:
    58
    Likes Received:
    23
    I have 1 KG gold :( i lost 10,000$ X( bad day
     
  5. erickishere

    erickishere Elite Member

    Joined:
    Nov 27, 2012
    Messages:
    3,185
    Likes Received:
    1,172
    it'll go up again
     
  6. lancis

    lancis Elite Member

    Joined:
    Jul 31, 2010
    Messages:
    1,682
    Likes Received:
    2,427
    Occupation:
    Entrepreneur
    Location:
    Milky Way
    Home Page:
    Time to buy
     
  7. Tmoney15

    Tmoney15 Registered Member

    Joined:
    Jul 21, 2012
    Messages:
    55
    Likes Received:
    6
    Great time to buy if you have the money
     
  8. angelas111

    angelas111 Elite Member

    Joined:
    Jan 4, 2009
    Messages:
    1,644
    Likes Received:
    1,045
    Location:
    ohio
    well, i guess my bitcoin profits offset my gold losses. i always even out somehow.
     
  9. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

    Joined:
    Apr 25, 2011
    Messages:
    14,178
    Likes Received:
    12,372
    Home Page:
    Not quite. Think it's still got little way to go. Maybe $1200.
     
  10. surfbay

    surfbay Junior Member

    Joined:
    Feb 17, 2008
    Messages:
    155
    Likes Received:
    32
    Gender:
    Male
    Occupation:
    duh
    Location:
    Beachfront, Colwyn Bay, UK
    Home Page:
    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

    Joined:
    Apr 15, 2013
    Messages:
    181
    Likes Received:
    72
    Location:
    Old Europe
    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.
     
    • Thanks Thanks x 1
  12. W9go

    W9go Elite Member

    Joined:
    May 16, 2011
    Messages:
    5,716
    Likes Received:
    1,230
    Gender:
    Male
    Occupation:
    chasing girls
    Location:
    chasing girls
    i will buy on 900 ;) ..... still to high right now for investing
     
  13. BHopkins

    BHopkins Moderator Staff Member Moderator

    Joined:
    Dec 31, 2010
    Messages:
    2,552
    Likes Received:
    1,679
    Gender:
    Male
    Occupation:
    ORM and SEO company owner
    Location:
    California
    Home Page:
  14. ensema

    ensema Junior Member

    Joined:
    Jul 6, 2012
    Messages:
    101
    Likes Received:
    33
    I agree...buy buy buy

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

    zebrahat Jr. VIP Jr. VIP

    Joined:
    Aug 6, 2008
    Messages:
    2,508
    Likes Received:
    2,999
    Occupation:
    Clickbank Platinum Vendor
    Location:
    Mexico
    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

    Joined:
    Jul 14, 2011
    Messages:
    1,697
    Likes Received:
    3,520
    Location:
    Internet
    Gold price never went up, but money value decreased :)
    USD value goes down, gold price goes up.
     
    • Thanks Thanks x 2
  17. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    783
    Likes Received:
    1,419
    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.
     
    • Thanks Thanks x 1
  18. ensema

    ensema Junior Member

    Joined:
    Jul 6, 2012
    Messages:
    101
    Likes Received:
    33
    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

    Joined:
    May 12, 2011
    Messages:
    1,412
    Likes Received:
    436
    Occupation:
    retired
    Location:
    Singapore
    Home Page:
    Interest rates will rise again. This means Gold is out.
     
  20. Grizzy

    Grizzy Senior Member

    Joined:
    Nov 11, 2008
    Messages:
    919
    Likes Received:
    1,001
    Glad I didn't listen to Glenn Beck and the DA from Law & Order when they told me to buy gold coins.