dont make any sense. this is getting ridiculous.
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because the US currency will be worthless very soon if it is not already as will many currencies in europe if something drastic does not changeComment -
Yes, but why is silver still so low. Srs guys buy silver so my shares will go back up again
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Silver already blew its load not going too much higherComment -
Because the dolla is beginning to shit the bed, so to speak. Sayonara, Benjamin, Franklin, and the rest of you.Comment -
This really is a repeat of 08/09 i swear... Things are gonna get bad come 2012Comment -
A lot of people taking their money out of the market and looking for a place to put it. Bonds used to run up real high when people were pulling from the market, but many are afraid of bonds now also. Many are moving to cash and buying gold/silver.Comment -
The wise thing to do if yur an ivestor is to just sit out until everything settles down then analyze the new market... but obviously they couldn't wait for some reason....essentially theyre really just gambling wildly because this is the most unpredictable fukking thing ive ever seenComment -
And they're fukking a lot of people over in the process (A LOT)Comment -
I would buy copper instead. You can buy 7000 pounds of copper for the amount you would spend on one pound of gold.Comment -
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It's a gambling market now
So many just gambling as opposed to years ago when most had no access to point and click trading and professional trading programs that are very cheap,
The Internet ruined financial marketsComment -
People are making buying or selling decisions based on completely random nonsense and bad information... think about that for a second... we r fukked.Comment -
Gold is the only universal currency. Historically.
Wars were fought over it. It was actually used as currency in most of the major civilizations in history.
When Fiat money fails, the world returns to the one thing that over time, has had a value in terms of currency and is readily available. Gold has been the standard for hundreds, if not thousands of years. Hence why when economies go down, people always say buy gold. Which has been happened for several years now.Comment -
look at the US$ chart , 50% down in 10 years .Comment -
silver was a super great investment for people who got it 2 years ago when was $10/oz. Silver is a better investment for people not having money to buy gold by ounce. In the long run both metals (gold and silver) share pretty much the same odds of going up or down. anyway, in the last 6 months silver made 100% profits, for whoever sold when it reach the $46/oz price...
Gold is very high because of the demand and the historic appeal of protecting the wealth, but after all it's just a useless piece of metal. In the long run platinum is a much safer bet, at any sign of economic recovery it will go up. Platinum is stable around $1700/1800 in the last 6 months.Comment -
jjgold is so high because he constantly snorts yayo and a little heroin freebase from time to time.Comment -
Hard to make sense out of market anymore - stock beat earning estimates with neutral/positive outlook at the damn thinks drops. Stocks miss earnings and go up.Comment -
Why is Gold so high you ask? Because David Sethlin is fukkin low that's why!Comment -
because, apparently our primitive monkey brains are still impressed by shiny objects...Comment -
It's not rocket science. Precious metals (mainly gold) have always been the universal currency since the beginning of time. When confidence is low and a nation's currency is about to take a shit and become worthless or atleast signifigantly devalued, people always turn back to precious metals, hence continuing to drive the price higher. Any country's currency is just a monetary instrument that can go up or down or crash and come completely worthless at any time. That's why the smart ones continue to buy commodities like gold that will always be universally accepted. Think for instance if the US substained a massive nuclear attack tommorrow and 90% of the country was destroyed and it was total chaos and anarachy. Do you really think you would be able to get the supplies you need to survive with US dollars or with a stock portfolio? Not a chance. The dollar would only be good for toilet paper at that point....literally. Gold, silver, platinum would be the only instruments acceptedComment -
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lol when I read the title and first post I thought he ment JJgoldComment -
When I saw this I thought u were talking about jj !! You never know around here !! IComment -
Approaching $1800 today.
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