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<p>[QUOTE="TDRismyname, post: 974954, member: 26939"]Eventually Gold will sputter out... it's already been almost a month since the max of 1250 was reached, and it went down to 1150 a week or 2 ago... Once gold gets down to a reasonable price, along with palladium, a LOT of people who payed 900-1k/oz are gonna be ****ed because it's gonna stay down as long as the economy recovers, and it will. Oh and platinum is gonna go back to 2400-3000/oz easy. Palladium will do what it always does, flys up to 600-800 and then back down to 300-400. If you guys want to make money at any REASONABLE pace palladium is by far the most volatile, and therefore profitable, metal around, followed by Platinum. Gold is pretty, and generally has a flat increase in price vs time, but it is NOT worth 1000/oz and Platinum IS worth every penny they charge, mainly because 90%+ of Platinum and Palladium is USED to MAKE STUFF (not just jewlery/coins). Gold is basically useless if you price it near platinum, it's softer, easier to oxidize, melts at a WAY lower temp, and conducts electricity worse than 18$/oz silver... and not much better than copper. Gold is a vanity item, it was once worth it's weight in SALT (NACL)... hence the phrase being "worth his/her salt" and not gold. Now that every cellphone, laptop, and electronic device in the world needs either palladium or platinum... along with EVERY vehicle (sans military) produced in the entire world (with demands going up every year as emmission standards rise) you can bet on platinum and sell your gold NOW or when it hits 1250 again, cuz it ain't going higher. It's just too easy to find and too useless to be worth more than that, unless people really believe those dumb commercials saying "INVEST IN GOLD"... Those INVESTORS are SELLING THEIR GOLD because they know what's coming. Mark my word, Gold may take a year or even 2 to go back to 900/oz but it won't go higher than 1300. Unless I underestimate the stupidity of the people watching those commercials. I hope I do, for all of your sake. This country is gold crazy and the day deflation slaps us back to sanity will be a bad day for everyone. Hell I even bought a few ozs @ 1050 dumbass I am, sold them when it hit 1250. made a paltry $500 but im glad it's all in Platinum now.[/QUOTE]</p><p><br /></p>
[QUOTE="TDRismyname, post: 974954, member: 26939"]Eventually Gold will sputter out... it's already been almost a month since the max of 1250 was reached, and it went down to 1150 a week or 2 ago... Once gold gets down to a reasonable price, along with palladium, a LOT of people who payed 900-1k/oz are gonna be ****ed because it's gonna stay down as long as the economy recovers, and it will. Oh and platinum is gonna go back to 2400-3000/oz easy. Palladium will do what it always does, flys up to 600-800 and then back down to 300-400. If you guys want to make money at any REASONABLE pace palladium is by far the most volatile, and therefore profitable, metal around, followed by Platinum. Gold is pretty, and generally has a flat increase in price vs time, but it is NOT worth 1000/oz and Platinum IS worth every penny they charge, mainly because 90%+ of Platinum and Palladium is USED to MAKE STUFF (not just jewlery/coins). Gold is basically useless if you price it near platinum, it's softer, easier to oxidize, melts at a WAY lower temp, and conducts electricity worse than 18$/oz silver... and not much better than copper. Gold is a vanity item, it was once worth it's weight in SALT (NACL)... hence the phrase being "worth his/her salt" and not gold. Now that every cellphone, laptop, and electronic device in the world needs either palladium or platinum... along with EVERY vehicle (sans military) produced in the entire world (with demands going up every year as emmission standards rise) you can bet on platinum and sell your gold NOW or when it hits 1250 again, cuz it ain't going higher. It's just too easy to find and too useless to be worth more than that, unless people really believe those dumb commercials saying "INVEST IN GOLD"... Those INVESTORS are SELLING THEIR GOLD because they know what's coming. Mark my word, Gold may take a year or even 2 to go back to 900/oz but it won't go higher than 1300. Unless I underestimate the stupidity of the people watching those commercials. I hope I do, for all of your sake. This country is gold crazy and the day deflation slaps us back to sanity will be a bad day for everyone. Hell I even bought a few ozs @ 1050 dumbass I am, sold them when it hit 1250. made a paltry $500 but im glad it's all in Platinum now.[/QUOTE]
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