Ricky Roma
Regular Member
- Sep 23, 2011
- 296
- 397
Maybe investors moved to bitcoin?
Gold Price Crashes
- Thread starter steelballs
- Start date
marocshaolin
Newbie
- Feb 6, 2013
- 2
- 2
still dropping
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
Its crazy that investors are "worried" according to the media because china's GDP only grew by 7.7% in the first quarter and not the 8% that economists were predicting.
Warrior 66
Failed to resolve a dispute resolution thread.
- Feb 14, 2011
- 869
- 284
Ahhh... Loss of 1800$ 
daserpent
Senior Member
- May 10, 2010
- 810
- 489
Gold is gonna keep dropping for a few more months. Because most of the major banks and countries are selling their gold to make cash available for people to lend from them as people have started re-investing in real estate again and need loans.
I would wait another month or so to let the dust settle and then decide whether to buy or not.
I would wait another month or so to let the dust settle and then decide whether to buy or not.
DownTheRabbitHole
BANNED
- Jul 19, 2012
- 156
- 153
steelballs
BANNED
- Dec 5, 2008
- 1,831
- 4,585
Haha. Glenn Beck was pushing gold because he had a big stake in gold companies.
ADHD-Dude
Power Member
- Apr 17, 2010
- 592
- 119
Before every crash the gold price has drooped.
I can't buy physical gold at the current price. But I can sell it at this low price
Buy gold bars not coins, they are cheaper.
http://www.zerohedge.com/news/2013-04-15/what-happened-last-time-we-saw-gold-drop
I can't buy physical gold at the current price. But I can sell it at this low price
Buy gold bars not coins, they are cheaper.
http://www.zerohedge.com/news/2013-04-15/what-happened-last-time-we-saw-gold-drop
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
Gold became a panic invesment,which helped drove up the price. I'd rather do moderate trading of stocks and get at least an average of 1% increase every week then hold onto an investment for so long.
If you are paranoid about the collapse of the dollar or society, then invest in guns,ammo,land and learn how to live off the land and farm.
If you are paranoid about the collapse of the dollar or society, then invest in guns,ammo,land and learn how to live off the land and farm.
Lemonhead811
Registered Member
- Nov 30, 2012
- 57
- 31
Just going to give my opinion here:
Gold/silver will always be worth a good amount. If you look at it, it scales with currency. As we print more and more money, the price of Gold/silver will increase along with it and remain constant. There is a limited amount of Gold and silver in the world. As far as I can see, this recent price drop is just manipulation by the government.
Gold/silver will always be worth a good amount. If you look at it, it scales with currency. As we print more and more money, the price of Gold/silver will increase along with it and remain constant. There is a limited amount of Gold and silver in the world. As far as I can see, this recent price drop is just manipulation by the government.
Sleinad
Senior Member
- May 1, 2010
- 901
- 528
Or people realise that there isn't anything special about it...and it is just valuable because there is demand for it. If people lose interest it will fall in value big time, just because there is limited supply doesn't mean it will be worth a lot. People will eventually move onto investing in other things, like people did with bitcoins. And by these "people" I am referring to standard joe's with $10k in his bank account looking to invest it
SEO_Alchemy
Elite Member
- Sep 8, 2012
- 1,673
- 1,473
Before every crash the gold price has drooped.
I can't buy physical gold at the current price. But I can sell it at this low price
Buy gold bars not coins, they are cheaper.
http://www.zerohedge.com/news/2013-04-15/what-happened-last-time-we-saw-gold-drop
If any of you guys know anything about technical analysis, that chart is a SCREAMING sell, at least until a confirmed uptrend has taken place. Also, not to mock anyone, but when forums are full of new blood speculators talking about what a great buy gold is on the latest correction, the party is over. 9% distribution days are indicative of a weak market. Sure price might rise a bit, then the institutions will unload more and more into the gullible public who are thinking they are getting a great price for the long gravy train ahead. If price rebounds pass the initial drop point on huge volume, by all means buy... the rally still has legs, but if price stays stagnant or just slightly higher, get the fuck out or at least start reducing your positions to keep profits and minimize losses. Nobody ever lost money taking profits!
Full disclosure... I have no positions in gold, but I've traded and followed the markets for a long time. That chart with a huge down panic selling day is indicative of an imminent price collapse. Proceed with caution.
kideze
Elite Member
- Jun 23, 2009
- 1,719
- 333
Great info and I appreciate the disclosure.
BillyRayValentine
Junior Member
- Jul 19, 2008
- 199
- 11
Has Gordon Brown been Buying again?
qrazy
Senior Member
- Mar 19, 2012
- 1,113
- 1,738