Author Topic: Why Gold will be flat or GO DOWN!!!!!  (Read 83757 times)

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Offline Hippanda

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #105 on: January 10, 2014, 04:22:50 PM »
Remember that stable is good, and both inflation and deflation are bad. But scamming government and financial outfits only make maximum money during change and volatility.

Deflation hurts the young and working age more, as it results in job loss, lowering of wages etc.
Inflation hurts the retired and savers disproportionately, but hurts everyone except the bankers and borrowers.
Government and finance suck  more money out of the population under both extremes though, so guess what they together conspire to engineer?

Your example of a saver even saving at a low rate, ignores the harsh penalties of inflation on the buying power of that meager savings which would be reduced further by increased taxation, and reduced even further by the huge loss of real purchasing power of the remaining nominal savings.

The example you gave at .1% interest: its effective NEGATIVE savings.  Its a CON.  Prices increase at 3-7(you choose) %, while you "earn" 1%?  Whats your wealth status? Thats right : Going backwards. No matter if your home and retirement plan or pension ( if still honored layer) appreciates, you still lose more each year, faster and faster, in real terms. Now your property taxes go up, sapping more and more of your shrinking savings and purchasing power. Its a scam that if the population became aware, would see a revolution.
Instead, everyone is given the tranquilizing drugs of TeeVee and Sports to keep them distracted and docile.
Yes, its a CON, a stealing from the unrealizing victims just as surely as a Con Game of the streetcorner Shell Game / Three Card Monte while everybody is unaware and trusting ("Con-fidenced) while being taken the whole time.

Truth is, with tax bracket creap from inflation taking more and more of our savings, along with loss of purchasing power, one million $ in savings will buy only a small small fraction of that, when its all said and done. You take ten steps forward by your count, yet at the end find yourself maybe only one step further ahead? Who took it all, while you were working hard, saving, and setting aside? And how was it taken without you realizing it?
 
Immoral expansionist government: stealing from everyone else, at ever increasing rates. Lets make change.









« Last Edit: January 10, 2014, 05:03:36 PM by Hippanda »
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline exchange

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #106 on: January 10, 2014, 06:16:12 PM »
When I was in the bank the other day, I saw an advertisement for their interest rate on their "platinum" savings account (0.1%).  I envisioned a man who worked hard and saved his entire life in order to accumulate one million dollars to support his retirement.  A $1,000,000.00 is impressive, but if he put that money in the savings account at 0.1% interest, he would earn a mere $1000/yr, hardly enough to finance a retirement.  That is sad, and is the ugly side of the FED's low interest rate policy.  Fixed income retirees must be encountering some challenges.  Not fair.

Oh so True! A few months ago as I went to deposit some more savings, (pardon, some more gold coins) and I couldn't help notice the huge CD sign covering half of the entrance door that lead to the safety deposit boxes. The sign advertised .050% interest 5 year CD. It was majestically designed with a family with big bright smiles. This is what our society has become, accepting .050% over a period of 5 years without having access to it.

I have been saying this to a few when such a subject comes up. Our kids will "never" know the feeling of saving money in the bank because interests will "never" go higher regardless of what the fed does. Banks today have figured out that our society is ok with not getting any interests on our hard earned money. So why would they ever bother raising rates. They absolutely have no incentive to ever do so... and risk to lower their profits because of it! If bank rates ever increase, it will bankrupt them, period.

exchange

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #107 on: January 12, 2014, 10:46:28 AM »



The original German gold held in the U.S. is gone. Leased, sold and rehypothecated many times over.

http://www.silverdoctors.com/where-is-the-german-gold/


Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #108 on: January 13, 2014, 03:44:02 AM »

The official number of 76.39 tonnes was leaked to the main stream media between Christmas and New Years, but it's now official on their website, so Nick updated his chart accordingly---and here it is below.

http://www.caseyresearch.com/gsd/edition/nick-barisheff-the-second-greatest-opportunity-to-buy-gold


Online pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #109 on: January 14, 2014, 03:34:44 PM »
The Swiss are buying the Yuan as is the West and rest of the world.  Will the Yuan be # one as in the next reserve currency?   Pretty stupid question isn't it?  The real question is when not if.   All positive for MCC.......



http://www.thedailybell.com/news-analysis/34929/Having-Crushed-Their-Own-Currency-the-Swiss-Consider-Chinas/

Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #110 on: January 16, 2014, 10:53:39 AM »


Its volume is staggering and tests the limits of imagination at 1000 (one thousand) tons per month, moved from London and Switzerland and shipped to Hong Kong and Beijing.


http://www.gold-eagle.com/article/deceptions-dupes-dots


Offline wg

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #111 on: January 17, 2014, 10:39:44 AM »
( .. ) possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.

http://jessescrossroadscafe.blogspot.de/2014/01/top-german-regulator-says-currency-and.html

( .. ) representing a 112 to 1 ratio compared to open interest, which I suspect is an all time record.   

http://jessescrossroadscafe.blogspot.de/

Offline wg

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Offline Hippanda

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #113 on: January 17, 2014, 01:50:01 PM »
The German gold has been located.




It is safe.




wg has it.   
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline Birdman

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #114 on: January 17, 2014, 02:05:32 PM »
The German gold has been located.




It is safe.




wg has it.   

 :lol:

Offline Hippanda

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Re: Why Gold may go UP!!!!!
« Reply #115 on: January 17, 2014, 05:14:20 PM »
Maybe for a while anyway.

Miners up. Maybe a change of sentiment finally?



                                                                            ( Not investment advice. DYODD.)
« Last Edit: January 17, 2014, 05:47:20 PM by Hippanda »
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline jc888888888

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #116 on: January 17, 2014, 08:44:05 PM »
The German gold has been located.




It is safe.




wg has it.   
I think he has a fair amount of China's too LOL ,he should treat us to a few more pictures please:)

Online pandamonium

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Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #117 on: January 18, 2014, 04:37:17 PM »
In time the West will no longer control gold price.    China will be in charge or free market.   Then Yuan will be backed by gold.   Capitol flight will fly East.   Chinese money will greatly increase in value............


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/18_Maguire_-_China_Moves_To_Crush_The_West_In_The_Gold_Market.html

Offline wg

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Offline wg

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