AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 14:45:09 GMT -5
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❤ mollymouser ❤
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Post by ❤ mollymouser ❤ on Aug 10, 2011 14:53:39 GMT -5
That seems like a good move, Paul. This gold bubble is bound to burst eventually.
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Post by djAdvocate on Aug 10, 2011 14:54:16 GMT -5
bought my first lot at $500, stopped buying at $1,200- and have no plans to sell. ;]
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Post by ❤ mollymouser ❤ on Aug 10, 2011 15:01:05 GMT -5
I've read some articles opining it could climb as high as $2500.... but who knows. For those of you holding gold, I'd say watch things and try to stay ahead of the trend.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 15:04:14 GMT -5
That seems like a good move, Paul. This gold bubble is bound to burst eventually. I just remember when the "smart money" left Wall Street for real estate and what happened to that. Gold might not have been run up by a government lending bubble, but it's definitely being run up by government policy. That means at any time, either intentionally or unintentionally-- they can pop this bubble. What if we get an overhaul of the tax system and real cuts in the budget from the super duper pooper scooper committee? That could happen in six months. At any rate- I could sell a chunk, get every dime I have in gold back, and still keep a good bit of gold. Buy back when the price goes down again, perhaps?
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djAdvocate
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Post by djAdvocate on Aug 10, 2011 15:06:31 GMT -5
I've read some articles opining it could climb as high as $2500.... but who knows. For those of you holding gold, I'd say watch things and try to stay ahead of the trend. i have a person whom i trust in this market and he thinks we are nowhere near to the top. he has made mistakes, so this is not advice that i am passing along. it is merely another opinion.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 15:21:29 GMT -5
I've read some articles opining it could climb as high as $2500.... but who knows. For those of you holding gold, I'd say watch things and try to stay ahead of the trend. I'm not sure I'd take that bet. But then I stopped buying because I wanted nothing to do with the $1,500 an ounce bet. Looks like I should have kept right on buying...
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Post by ❤ mollymouser ❤ on Aug 10, 2011 15:25:42 GMT -5
Well, if you sell now, you know exactly what your profit will be. That's probably the move I'd make.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 15:32:00 GMT -5
I still like real estate as my primary business / investment. Think about it, would my grandparents ever have believed that the house they bought in the 1960's for $24,000 on a 7 year mortgage would sell in the $350,000 range in 2005, or even still the $250,000 to $290,000 range even now? Would they ever have believed that houses in their neighborhood would rent for $1,800 to $2,000? It would have been a stretch, but maybe they'd have believed that- right up until you told them that was per month. In 1970, they bought a show-room-new car for $3,300.
I've said it before, I'll say it again- I'm fine taking a bet on appreciation, but I'd really rather have cash flow. If I have big pile of valuable assets and no income and I get hungry, guess what? And do you think I'd be willing to sell well below market price in order to eat? The story is told of Esau who sold his birthright. He might have stood in the lineage of Jesus Christ, but for physical hunger he sold his birthright for a bowl of grits. Not an exact translation, but close enough to convey the idea. I don't want to ever be in that position. That's why "stockpiling" doesn't exicite me much. I'd rather be standing in a river over a pond.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 15:33:51 GMT -5
Well, if you sell now, you know exactly what your profit will be. That's probably the move I'd make. More importantly, if I sell now I know what my loss would be: $0. Any depreciation of the remaining asset would be subtracted from money I never had to begin with. Any further appreciation would literally be an infinite return on investment.
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Post by Driftr on Aug 10, 2011 15:56:33 GMT -5
I've read some articles opining it could climb as high as $2500.... but who knows. For those of you holding gold, I'd say watch things and try to stay ahead of the trend. i have a person whom i trust in this market and he thinks we are nowhere near to the top. he has made mistakes, so this is not advice that i am passing along. it is merely another opinion. I'm hearing the same thing from someone I trust. Next step in the chart he's been trying to get me to buy into is for margins to get squeezed HARD and for a 20-30% correction. After that the proposed chart has some truly increadible predictions ahead. I will be buying some more physical if I see a 20%+ correction. I was always more of a silver guy, but the storage could be an issue if I got serious (say 10% of savings-ish) about getting more into metals.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 16:02:56 GMT -5
i have a person whom i trust in this market and he thinks we are nowhere near to the top. he has made mistakes, so this is not advice that i am passing along. it is merely another opinion. I'm hearing the same thing from someone I trust. Next step in the chart he's been trying to get me to buy into is for margins to get squeezed HARD and for a 20-30% correction. After that the proposed chart has some truly increadible predictions ahead. I will be buying some more physical if I see a 20%+ correction. I was always more of a silver guy, but the storage could be an issue if I got serious (say 10% of savings-ish) about getting more into metals. I wouldn't get too excited about a 20% correction. I think if I saw 30% or better, I'd start buying again.
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Post by djAdvocate on Aug 10, 2011 16:03:41 GMT -5
i have a person whom i trust in this market and he thinks we are nowhere near to the top. he has made mistakes, so this is not advice that i am passing along. it is merely another opinion. I'm hearing the same thing from someone I trust. Next step in the chart he's been trying to get me to buy into is for margins to get squeezed HARD and for a 20-30% correction. After that the proposed chart has some truly increadible predictions ahead. I will be buying some more physical if I see a 20%+ correction. I was always more of a silver guy, but the storage could be an issue if I got serious (say 10% of savings-ish) about getting more into metals. i think that is a very distinct possiblity/buying opportunity. i got out of silver in Jan. i have been waiting for a pullback, and there have been several. just not one that suits my needs (i would like to get back in below where i got out!).
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 16:03:44 GMT -5
If gold starts climbing anywhere near the $2,200 - $2,500 an ounce range, I might sell it all and buy mining stocks? I don't know...
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Post by AgeOfEnlightenmentSCP on Aug 10, 2011 16:07:40 GMT -5
I'm hearing the same thing from someone I trust. Next step in the chart he's been trying to get me to buy into is for margins to get squeezed HARD and for a 20-30% correction. After that the proposed chart has some truly increadible predictions ahead. I will be buying some more physical if I see a 20%+ correction. I was always more of a silver guy, but the storage could be an issue if I got serious (say 10% of savings-ish) about getting more into metals. i think that is a very distinct possiblity/buying opportunity. i got out of silver in Jan. i have been waiting for a pullback, and there have been several. just not one that suits my needs (i would like to get back in below where i got out!). I bought 100 ounces of silver at $32. I'm not unhappy with that, either, but the guy that advised me on that has been screaming sell, sell, sell for two weeks now expecting it to fall back to the low $30's or below? I don't know. This one was a pure gamble. Still is. Think I should sell?
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Post by Don Perignon on Aug 10, 2011 16:58:31 GMT -5
The love of money is the root of all evil... worship of Mammon is a breach of the very first and most important Judeo-Christian "Commandment". Passing a camel through the eye of a needle is an impossibility. The only gold I own is my wedding band... its scrap value is negligible, but what it represents is priceless.
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Post by djAdvocate on Aug 10, 2011 17:28:00 GMT -5
If gold starts climbing anywhere near the $2,200 - $2,500 an ounce range, I might sell it all and buy mining stocks? I don't know... mining stocks are already a bargain. however, they also tend to follow the market. use caution.
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Post by djAdvocate on Aug 10, 2011 17:30:53 GMT -5
i think that is a very distinct possiblity/buying opportunity. i got out of silver in Jan. i have been waiting for a pullback, and there have been several. just not one that suits my needs (i would like to get back in below where i got out!). I bought 100 ounces of silver at $32. I'm not unhappy with that, either, but the guy that advised me on that has been screaming sell, sell, sell for two weeks now expecting it to fall back to the low $30's or below? I don't know. This one was a pure gamble. Still is. Think I should sell? probably not. it will eventually end up retesting that $50 high, but the general trend is pretty flat right now. i think it is ME that is wasting my time. i sold at $30, and i don't think it is going to make it back there. in fact, it might not make it back to $32.
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Post by reasonfreedom on Aug 10, 2011 18:15:32 GMT -5
Silver is more manipulated by the banks, there has been plenty of whistle blowers that have proved it. Rely more on gold, it is not going anywhere but up( I wouldn't sell).
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Post by maui1 on Aug 11, 2011 10:24:07 GMT -5
Re: Gold-Silver Plunges-"I" Told You So !!! « Reply #3588 Today at 9:45 »
-------------------------------------------------------------------------------- no......i agree that gold is at a top (or close) short term. i wouldn't be buying, and haven't for a long time.
but if i have a lot of gold (which i don't) and i bought for the long term, i would sell some now, in order to buy more when gold corrects for it's next leg up. « Last Edit: Today at 9:46 by maui1 » Report to Mod - Link to Post - Back to Top Logged maui1 Associate Contributor
member is online
Joined: Jan 2011 Gender: Male Posts: 1,480 Karma: 95 Re: Góld-Silver Plunges-"I" Told You So !!! « Reply #3589 Today at 9:49 »
-------------------------------------------------------------------------------- short term review........
a few months ago......sliver separated from gold and took off to 50
a few weeks ago, gold separated from silver and took off to 1800
both are related and both will correlate, and that should tell you where one price should be in relation to the other. Report to Mod - Link to Post - Back to Top Logged maui1 Associate Contributor member is online Karma: 95 Re: Góld-Silver Plunges-"I" Told You So !!! « Reply #3590 Today at 9:53 »
-------------------------------------------------------------------------------- imo
fair market value for gold is 1500 silver 35 dow 11000
like the feds fund rate, that is promised to stay at .25% for 2 years
i think the above will stay around my numbers
we ARE japan, at least for the next few years.
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djAdvocate
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Post by djAdvocate on Aug 11, 2011 11:49:13 GMT -5
Re: Gold-Silver Plunges-"I" Told You So !!! « Reply #3588 Today at 9:45 » -------------------------------------------------------------------------------- no......i agree that gold is at a top (or close) short term. i wouldn't be buying, and haven't for a long time. but if i have a lot of gold (which i don't) and i bought for the long term, i would sell some now, in order to buy more when gold corrects for it's next leg up. « Last Edit: Today at 9:46 by maui1 » Report to Mod - Link to Post - Back to Top Logged maui1 Associate Contributor member is online Joined: Jan 2011 Gender: Male Posts: 1,480 Karma: 95 Re: Góld-Silver Plunges-"I" Told You So !!! « Reply #3589 Today at 9:49 » -------------------------------------------------------------------------------- short term review........ a few months ago......sliver separated from gold and took off to 50 a few weeks ago, gold separated from silver and took off to 1800 both are related and both will correlate, and that should tell you where one price should be in relation to the other. Report to Mod - Link to Post - Back to Top Logged maui1 Associate Contributor member is online Karma: 95 Re: Góld-Silver Plunges-"I" Told You So !!! « Reply #3590 Today at 9:53 » -------------------------------------------------------------------------------- imo fair market value for gold is 1500 silver 35 dow 11000 like the feds fund rate, that is promised to stay at .25% for 2 years i think the above will stay around my numbers we ARE japan, at least for the next few years. doesn't really matter if you are a long term bull. it only matters if you are late to the parade.
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Post by maui1 on Aug 11, 2011 12:09:50 GMT -5
what if i am 'full of bull', can i be late then, or do i have to be at a parade to be late?
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Post by djAdvocate on Aug 11, 2011 12:16:33 GMT -5
what if i am 'full of bull', can i be late then, or do i have to be at a parade to be late? who am i to judge? seriously, though, i will be adding to my position if it drops much.
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Post by AgeOfEnlightenmentSCP on Aug 12, 2011 0:14:43 GMT -5
The love of money is the root of all evil... worship of Mammon is a breach of the very first and most important Judeo-Christian "Commandment". Passing a camel through the eye of a needle is an impossibility. The only gold I own is my wedding band... its scrap value is negligible, but what it represents is priceless. I agree the LOVE of money is the root of all evil; but leveraging the scripture to excuse poor stewardship is risky business my friend. You might spend some time in Matthew 25; consider what you've done with what you've been given- and let go of the selfish idea that you are content, you have all you need-- and consider others, and withhold not good from those it is due when it is within your power to do good for them. Be a good steward. Multiply what you've been given like a good and faithful servant, and support others and further the cause. Remember, the laws of hermeneutics so that we can both acknowledge that the parable refers to what we do with the Gospel, but when a parable can also be taken literally-- it should be. So, it's about our handling of wealth here and now, too.
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Post by djAdvocate on Aug 12, 2011 11:32:43 GMT -5
The love of money is the root of all evil... worship of Mammon is a breach of the very first and most important Judeo-Christian "Commandment". Passing a camel through the eye of a needle is an impossibility. The only gold I own is my wedding band... its scrap value is negligible, but what it represents is priceless. I agree the LOVE of money is the root of all evil; but leveraging the scripture to excuse poor stewardship is risky business my friend. given the history of usury in Christianity, right up until modern times, this statement is hilarious.
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Post by AgeOfEnlightenmentSCP on Aug 12, 2011 13:51:42 GMT -5
I agree the LOVE of money is the root of all evil; but leveraging the scripture to excuse poor stewardship is risky business my friend. given the history of usury in Christianity, right up until modern times, this statement is hilarious. I don't know what you define as "Christianity" or what you define as "usury". Hell, since it's you- I don't even know what you mean by "history". So, let's just say that the higher the risk, the higher the interest rate. Everyone knows that. If we were having a discussion about setting a top interest rate, what would that rate be? Would we also be able to agree that if we regulate the interest rate, we must also turn lenders loose to say, "No" to riskier borrowers?
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Post by steff on Aug 12, 2011 13:58:09 GMT -5
I thought preaching from the Bible had been established as a no no here.....
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Post by djAdvocate on Aug 12, 2011 14:16:21 GMT -5
given the history of usury in Christianity, right up until modern times, this statement is hilarious. I don't know what you define as "Christianity" or what you define as "usury". Hell, since it's you- I don't even know what you mean by "history". that just about says all i need to hear. thanks.
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Post by djAdvocate on Aug 12, 2011 14:18:11 GMT -5
I thought preaching from the Bible had been established as a no no here..... i didn't even mention the Bible, but it may be that management considers the comment out of bounds. care to comment, managers?
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steff
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Post by steff on Aug 12, 2011 14:21:19 GMT -5
I thought preaching from the Bible had been established as a no no here..... i didn't even mention the Bible, but it may be that management considers the comment out of bounds. care to comment, managers? paul is the one who threw out a Bible verse (matthew something or other) and I thought moon made it pretty clear that this isn't the place to keep preaching from the Bible..... but seems paul gets a pass 90% of the time when it comes to that.....
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