The Forum > General Discussion > Do we buy Gold?
Do we buy Gold?
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Posted by one under god, Wednesday, 17 October 2012 7:43:19 AM
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arjay..gold will never reach anywhere near 3000
cause most people dont buy the gold..but gamble on it going up or down lol..everyday 7 times more gold than ever mined is traded in promises lol of gold..its this 'promise' price''..[latest gambling ratio we hear on the news today ie 45 %..lost it big time..if the price goes up v 60%..betting it goes down...lol the book maker running the race lol is setting the odds max keiser had a go about the issue but lets let max be max you said..""Gold always was and now is today,the refuge of desperation born out of corruption by our elites."" yes gold is god..to some but i like the lesser golds there is only one god..and knowing him..is via his creations..is my value """..Real wealth always was and is in the honesty, integrity and creativity of all humanity."" yes and as long as we only yearn for money wiling to work/add value via working for money those with money will lord it over our values ""The banksters""..jesus kicked out of the temple they came back..busioness as usual..by the time he got 50 meters from their tratering place and doubled the token price same token..forgiving the same commerce pre determined spin./sin max said for a few hundred bucks ewe can al from run by 5 seconds ahead of the rest of you..lol wow value 4 money how much to get 10 second's ahead of the herd that aint heard? how much to change the law george? what ya mean ..its part of the sir vice.. ewhere pretend money /..lol is the root of all sin get their god..ie gold.. its going gto be taken by govt anyhow watch its price plunge then when it can only be used as intyended..in our teeth not money not value..yet invaluble..to compensate for govt hurting their teeth in the first place....fill their holes with gold..not rings..or unholy uglyness recall all the worlds gold was in some jews mouth first and anything linked to it is cursed..value..gold has no value! Posted by one under god, Wednesday, 17 October 2012 8:00:42 AM
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I shall treasure this, one under god.
>>max said for a few hundred bucks ewe can al from run by 5 seconds ahead of the rest of you..lol<< Says it all, really. Posted by Pericles, Wednesday, 17 October 2012 3:48:51 PM
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"...5 seconds ahead of the rest..."
You call that high frequency trading? Now, this is high frequency trading: http://www.bbc.co.uk/news/magazine-19214294 As Tim Harford explains, "To give you a sense of how fast high-frequency trading can be, in the time it takes Usain Bolt to react to the starting pistol, a high-frequency trading platform could complete about 165,000 separate trades." But, since Knight Capital were losing 10 or 15 dollars on each trade it was an expensive lesson in trying to keep ahead of the rest. That story is real 'gold'. Don't know if they've switched the computer back on yet. Posted by WmTrevor, Wednesday, 17 October 2012 4:27:30 PM
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Yes they did Trevor, fixed the programming error.
Posted by Bazz, Wednesday, 17 October 2012 5:08:45 PM
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OUG,everybody is bailing our of $US and unless they bring Glass Steagall back the derivative market will implode causing hyper-inflation.
Right now the NAB is offering the cheapest rates.I know it has borrowed at least $3000 billion from the US Federal Res and they too have derivative exposure.With these cheap rates they are desperately sucking in mortgages so they will have real assets to back up their derivative gambling. My Bendigo Bank cannot match their rates.They tell me that 80% of their loans are funded by deposits and they have low derivative exposure.That I'll check out.If this is so,the big four banks may be less stable than the small ones. Gold is a risk but it has yet in real terms to reach the levels of the Great Depression.Where do people put their money when the share market collapses? Housing and land is 40% over valued? How do they save their life savings? Some form of precious metal is one of the few options. I think gold will pass $2000 per oz soon and then we will be unknown territory. The other possible solution is BITCOINs or cyber money.But who do you trust? Posted by Arjay, Thursday, 18 October 2012 5:47:49 AM
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why did guy faulks want to burn down parlent house?
cause there were too many short sticks..out there
pretending to be long sticks
lol debt sticks
..being treated AS IF long sticks..money
its the same issue today
eventually the govt cancelled the lie
by burning loll ...their long sticks...THE LONG STICK HOLDS THE DEBT over the short stick.
stick money failed
cause idiots thought all sticks lol..equals money
or all leaves
or all shells to be value
when the holder of the note
has the long end
..and the lender holding the debt..short end of the stick
know the full gory
of burning the sticks..in uk parlement house
guyfaulks the lawyer lol..who wanted the proof of fraud burnt!
burn the long sticks
long sticks..revealed the lie
so the short stick holders cleaned up big time
heck one huge stick boiught one third of the bank of england
the colasteral;..is the short end of the stick
but now we can sell promises of the stick
yet who got stuck with the bad debt bet?
all of you
recall jfk..he died for this..pres order 11.110
[ie he dared print govts own money..real dollars..not fiat!
he died for this.