$60b wiped off market (3 Viewers)

[Garygaz]

reading the cnn money comments on the gold price drop, 'this is a hedge fund conspiracy, all the fundamentals show gold should be up at $2k'

that's exactly what they said about housing in 07'

ahahahahaha

 

[Lolsmith]

huehuuhehue either way countries like germany , belgium and luxembourg will try and remove them and if not, there is nothing stopping them from removing themselves from the eurozone - same outcome.


p.s how's that gold price treating you guys? huehuehuehueheuehueuheuheuheuheuheeu - i think an obligatory i told you so is warranted


I TOLD YOU SO

You're not really basing the outcome of an ongoing argument on a few day's performance are you?

Ignoring that gold has still increased in worth $200 over the last 6 months even considering the recent weak performance

 

[Blastus]

huehuuhehue either way countries like germany , belgium and luxembourg will try and remove them and if not, there is nothing stopping them from removing themselves from the eurozone - same outcome.


p.s how's that gold price treating you guys? huehuehuehueheuehueuheuheuheuheuheeu - i think an obligatory i told you so is warranted


I TOLD YOU SO

I made no comments about the gold price continuing to rise I just said that it was a hedge in uncertain times, something you refused to admit.

ALSO THEY CANNOT TRY AND REMOVE THEM OR REMOVE THEMSELVES BECAUSE OF THE LISBON TREATY

EDIT: I don't have any holdings in precious metals

 

[Garygaz]

You're not really basing the outcome of an ongoing argument on a few day's performance are you?

Ignoring that gold has still increased in worth $200 over the last 6 months even considering the recent weak performance

nope just a bit of feel-good exaggeration. still worth mentioning how it was the biggest fall in 30 years on friday.

also, blastus, i still stand by my statement. if times get bad enough (which there is seemingly a chance they might), investors won't even want gold, the biggest safe haven as seen by 30 year yields is still american long term debt.

 

[funkshen]

water will be the currency of choice post-apocalypse

 

[Lolsmith]

no that is bottle caps sir

 

[funkshen]

only if you're a wastelander

 

[Lolsmith]

well if you know where I live

 

[Blastus]

nope just a bit of feel-good exaggeration. still worth mentioning how it was the biggest fall in 30 years on friday.

also, blastus, i still stand by my statement. if times get bad enough (which there is seemingly a chance they might), investors won't even want gold, the biggest safe haven as seen by 30 year yields is still american long term debt.

I bet you a latte that's not the case

 

[Garygaz]

dat gold price doin' badly

 

[SylviaB]

terrible

better go buy some 30-year US bonds right

 

[Garygaz]

well the yield is down to 1.9% so obviously a lot of institutions are buying them instead of gold.

but nah telstra all the way kids

 

[Garygaz]

terrible

better go buy some 30-year US bonds right

i never said they'd give you a good return, i just said they'd be where money would move to

 

[funkshen]

blame MF global