Why Gold will be flat or GO DOWN!!!!!

4/27/13 Why Gold will stay flat or go DOWN!!!!! 1. Gold does not produce anything. 2. Gold does not make the states any money! 3. Gold does not make the Government any money! 4. The higher ups (buffet, etc) have even put there stamp of disapproval on this "Barbaric Relic" , There words not mine. 5. Gold is a hindrance to states & government, new laws, new regulations, new policing....In there minds attracts criminals. 6. Gold is difficult to track, monitor, tax, etc in there minds. 7. Increase's the individual's PRIVATE wealth & sovereignty. A big NO-NO for our socialist GOV. Then where will the wealthy put there $$$ when the "punch bowl fueled" fraudmarket of wallstreet starts Dying???? REAL ESTATE! 1. Produces Jobs! from illegal gardners to Big Corp! 2. Stimulates economy 3. higher taxes, property, state, sales, etc 4. Overseas investment (huge factor) Mortgage brokers do not have to follow "money laundering" laws/Procedures as do other industries!!! Think about that for a second!!! 5. Low rates, set the stage, high dow jones made them flush with cash! They smacked Gold down, So where are they gonna go??? 6. My final tip that had me write this? A letter from Bank of America (one of the biggest crooks) saying card holders can now earn 5x points on qualifying home improvement purchases with your Bank america blah blah blah Card. 5x points on Qualifying hardware, interior furnishing & Garden supply store through june 30, 2013 Now ask your self why out of all the things they could offer? Education, Office furnishings, Auto, FARMING OR GARDENING equipment!! Why "home improvement"???? Edited ~ Political comment Most or all of obama's close people are ex- Goldman sachs or Wall st!!! Keep in Hard assets just ones with numismatic value, currency, watches, Art, etc Once a Month I will post this.

 

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Gold is going up now, so.....

 

#3.....not so fast my friend.

The U.S. Mint makes plenty of $$$ for this country. Just check the prices at usmint.gov...

 

Holy wall of text batman! Can I buy a few paragraph breaks or numbered bullet points?

 

No need to post this every month, once is enough.

 

Why? If it is really a worthwhile thread, people will continue to bring it up and post. We have too many already ( on both sides of the fence) trying to do this. If it dies, it deserved death, so let it run on its own value. You have posted it elsewhere also. Thanks

Jim

 

If all the reasons stated here are valid reasons for the gold price not to rise then they would also be valid reasons for gold not to have any value whatsoever, which is obviously not the case. The value of gold is determined by something else.

 

I'm really looking forward to seeing this again next month.:smile

 

I think most of your questions can be answered by looking at the massive private/public surplus bubble that is occurring. There is a major logjam from the massive deleveraging in the private/public sectors, and then add massive savings from those two sectors in the mix. The economy can't move forward until this logjam is cleared.

 

2 out 3 aint bad!

 

Thursday evening while watching CNBC a couple of their analysts believe technical analysis indicates gold will fall $1200/oz and if it breaks through the $1200 level it's
headed to $1,000/oz.

Twice a day a broken clock tells the correct time.

 

I think they're actually right that $1200 is a support point, both technical and emotional/psychological. If it gets breached, I could see a sell-off to $1050 or so.

$1200 seems a lot more viable than $2000.

 

I agree. However, with the instability in WAShington I'm surprised it's not on the upswing.

 

I'm actually surprised it hasn't tanked for the same reason. It's looking very likely that some sort of compromise will be reached, AGAIN, which would imply that the threat will never be a serious one.

 

It tanked on Friday when there was renewed hope of a deal. Makes me wonder what we can expect once there is actually a deal.

 

Mr Organic,
Post this garbage once a month and I will do my best to ask for you to be removed as spammer. You are not discussing anything, you are just shouting your political agenda.

 

Gold actually does make the government money, the U.S. mint produces gold coins, granted its not a large amount of money compared to what the U.S. spends in a year. (3.6 trillion)

 

Gold also does produce jobs, in the form of mining/minting the coins/retailing the coins ect. If the price were to fall considerably from here, mines would start to shutdown.

 

Depends on what "considerably" means, and what the near term outlook for prices was. There is a huge difference between the price that will spur new mines and a price that leads to closures. A mine needs to be considerably below cash costs to run, with no foreseeable improvement, before they spend the money to close an operation.

 

Of course, I consider considerably losing about half its value, so $600-$700 gold. Many mines could not operate at that price for long.