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canadianbullion
New Member
USA
18 Posts |
 Posted - 10/28/2009 : 14:58:24
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The US holds its largest debt auction in history, and gold prices go down? Single family home sales fell by 3.6 percent; despite an expected rise of 2.6 percent. Gold prices go down and dollar goes up?
Does the gold price have any basis in reality?
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/28/2009 : 15:09:24
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| Only if the governments of the world want it too! Apparently, they don't. |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 10/28/2009 : 15:35:43
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Gold is being supressed right now because of the 150 billion in treasury debt auctions, and also because a whole mess of options contracts that are ending tomorrow, and if the spot price of gold is at or above $1050 by the close of trading tomorrow, more owners with call options at $1050 will take physical delivery of gold, but if the spot price is supressed to below $1050, not many owners will take delievery of physical gold. Watch for a nice rally in gold on friday and through next week.
Gold and silver are not priced as they would be in a totally free market, TPTB working behind the scenes work very hard to create the illusion of a strong dollar to keep their grip over the entire financial system, and in order to maintain that illusion, PM's have to be suppressed. |
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insurrection1517
Penny Collector Member
USA
262 Posts |
Posted - 10/28/2009 : 21:26:28
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| If governments have that much power over the price of gold, what is the point in investing in Gold? Can't governments simply supress the price indefinitely? |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/28/2009 : 22:02:04
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Truth will out!
Get while the getting's good.
Time is on Your side.
If I was more liquid I'd have bought Ag BIG today, Au if I thought it was a deal.
The percentage increase will favor Ag when it comes.
For reality look to what has happened in history, what's happening now (USofA"$":PM value) is La-la land... |
There's profit if you melt things!!
8{> |
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insurrection1517
Penny Collector Member
USA
262 Posts |
Posted - 10/28/2009 : 22:16:41
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Computer Jones, I don't follow you.
If government has power to manipulate gold price, why can't they simply always manipulate the price, and profit off manipulating it? If the government can really manipulate the price, can't they just lower the price and buy a lot of gold, then let the price rise and sell the gold at a profit, then lower the price and buy again? If the government can manipulate the price, the price of gold will never go up. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/29/2009 : 08:27:39
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quote:
Originally posted by insurrection1517
Computer Jones, I don't follow you.
If government has power to manipulate gold price, why can't they simply always manipulate the price, and profit off manipulating it? If the government can really manipulate the price, can't they just lower the price and buy a lot of gold, then let the price rise and sell the gold at a profit, then lower the price and buy again? If the government can manipulate the price, the price of gold will never go up.
The manipulation can only last so long.
Buy while the price is artificially low and hold what you can.
The manipulation can't last, history has shown that. |
There's profit if you melt things!!
8{> |
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insurrection1517
Penny Collector Member
USA
262 Posts |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/29/2009 : 22:50:50
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quote:
Originally posted by insurrection1517
Please explain more about this. Why can't the manipulation last forever?
At the risk of sounding trite, "Nothing is forever."
Once enough individuals realize what has value and what doesn't, they will gravitate toward value.
You can use a rock to beat a lump of Gold, Silver or Copper into a lure to catch a fish and eat.
You can melt all of the same and make shiney trinkets that others want and are willing to trade for goods or services (Hubba-Hubba on those services).
You can even make projectiles that can become lethal to food critters (among other things).
It's tough to do these things with colored pieces of paper that are used to manipulate the real value of Au, Ag, Cu or Pb. |
There's profit if you melt things!!
8{> |
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Coinage
Penny Collector Member
Canada
303 Posts |
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Gold/Silver Prices have no basis in reality?
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