Gold Price Crashes

steelballs · Apr 15, 2013

Gold Plummets to Two-Year Low

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

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?

ensema · Apr 15, 2013

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

MrBlue · Apr 15, 2013

Good time to stock up on more!

tapangoldy_ · Apr 15, 2013

I have 1 KG gold

i lost 10,000$ X( bad day

erickishere · Apr 15, 2013

it'll go up again

lancis · Apr 15, 2013

Time to buy

Tmoney15 · Apr 15, 2013

Great time to buy if you have the money

angelas111 · Apr 15, 2013

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

davids355 · Apr 15, 2013

lancis said:
Time to buy

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

surfbay · Apr 15, 2013

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

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.

Kixstart · Apr 15, 2013

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.

W9go · Apr 15, 2013

i will buy on 900

..... still to high right now for investing

BHopkins · Apr 15, 2013

I think gold is way overvalued. Looking at the 5 and 10 year charts show a big run up in the last couple of years.

http://www.monex.com/prods/gold_chart.html

ensema · Apr 15, 2013

Kixstart said:
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.

I agree...buy buy buy

Sent from my GT-I9300 using Tapatalk 2

zebrahat · Apr 15, 2013

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?

ferma231 · Apr 15, 2013

Gold price never went up, but money value decreased

USD value goes down, gold price goes up.

Roparadise · Apr 15, 2013

ferma231 said:
Gold price never went up, but money value decreased
USD value goes down, gold price goes up.

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.

ensema · Apr 16, 2013

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).

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infoasian · Apr 16, 2013

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

Grizzy · Apr 16, 2013

Roparadise said:
Many people became gold salesmen,which drove the demand up and the price up as a result of the increased demand.

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

Gold Price Crashes

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