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bweazel
It has nothing to do with the dollar directly. It has to do with peoples fears about being able to buy less with the dollar in the future, so they want a worthless metal to dump their money on to wait out the recession. Only thing you guys failed to account for was that they bought it at the bottom (since they control the economy) and you end up self imposing a tax on yourself by helping inflate the price of gold. Then they sell at the top.
bweazel
Actually, you have it the wrong way around. When gold loses it's market value, that's when the banking cartels start more wars, which plays on peoples fears, which drives the price of gold higher. So, wars are started when they're losing their power. Not the other way around.
bweazel
There is no such thing as "real money", there are promises and there are useful items. Money is what is important to you, you choose to make gold money in your mind, so, in your mind, it is. Simple as that. Stop playing into their game of making things more complex than they are. It's just a metal.
bweazel
No, not exactly. The spot price is determined by futures contracts. Sentiment drives the price of gold, in this case, fear. Compared to other currencies in the world, the dollar isn't doing all that bad. Don't believe the hype, just notice that people are trying to push you in a certain direction. Push back
armed2themax
When things get as bad as what some of are thinking (that will make gold go up even more)....uhh....ya know what is going to be worth $? Guns and food. Diamonds and gold...uhh....just shiny things. No uses. If all the food disappeared tomorrow....it would cause a world disruption. If all the gold disappeared.....uhh...so what. No more grills for blackies? LOL.
Rata4You
You actually didn´t make any money on the gold, mate, and you WON´T. Gold has only risen $150 since 1980. YES that is TRUE. What those crooks don´t want you to factor in is an adjustment to inflation and taxes. When all is factored in plus your declaration of capital gains tax, you end up with LESS than what you started.
My mom bought REAL gold years ago and still has it...but it hasn´t earned anything. My stock in the mean time has split 4 times and I made massive profits.
Seano71
When gold hits 5k millions of us will be conscripted off to fight another 3rd world nation
uisblackcat
Gold is going up higher than the dollar is going down. So it's not just the dollar.
PreciousMetalsStore
Exactly!!!
Mastinox803
It isnt the gold going up so much as it is the dollar going down. |