Gold: Past, Present, and Future

Goldman Sachs said:The second Iran launches a missile at Israel—or vice versa—and gold is sprinting straight toward $2,000. Once that happens, nobody’s even going to remember we had these debates 🤣

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/13_Jim_Rickards_-_War_With_Iran_has_Begun,_Gold_to_Break_$2,000.htm l

Honestly, everything is pointing that way. All those key players getting cycled out over the last few months? It's a pattern. If things actually kick off, oil is gonna fly past $150 easy. I really, truly hope it doesn't come to that, though. As for these arguments, I feel like we've hit a 🙂
wall. Some people still act like gold hasn't been used as actual currency since the days of Julius Caesar

Melissa Sanchez17 said:Honestly, everything is pointing that way. All those key players getting cycled out over the last few months? It's a pattern. If things actually kick off, oil is gonna fly past $150 easy. I really, truly hope it doesn't come to that, though. As for these arguments, I feel like we've hit a 🙂
wall. Some people still act like gold hasn't been used as actual currency since the days of Julius Caesar

If they had listened to Manita's sense, they wouldn't be doing this. 🤣
Because if the plans presented by Rickards are actually in motion, we are in deep trouble. It won't just be gas hitting $5.00 prices—everything will spike. In that scenario, you need to stock up on canned goods, beans, coffee, chocolate, beef jerky, toiletries, soap, detergent, and enough supplies to last several years. 😍

The current crisis will look like a picnic compared to what's coming. 🥳

So we've got an Italian connection over at IBM now. France? Yeah, I wouldn't bet on them. Gold's gonna tank tomorrow, mark my words.

http://www.corriere.it/economia/12_g...f4abcff8.shtml

It’s classic AT&T—always timing these uncomfortable announcements right before the weekend. It gives investors, hedge fund managers, and the rest of the crew enough time to knock back a few Nomobals or Apaurins just to stay calm until Monday.🤣.........that way they don't go making any reckless moves before heading out on a fishing trip for the next few months.😍

If Italy is rated BBB, then what does that make us? Some kind of bottom-tier joke?😂

dustyheron5 said:It’s classic AT&T—always timing these uncomfortable announcements right before the weekend. It gives investors, hedge fund managers, and the rest of the crew enough time to knock back a few Nomobals or Apaurins just to stay calm until Monday.🤣.........that way they don't go making any reckless moves before heading out on a fishing trip for the next few months.😍

If Italy is rated BBB, then what does that make us? Some kind of bottom-tier joke?😂

Well, it is the weekend 😍. The decision should drop tonight once the US markets close. I'm still a bit uneasy about Austria. That whole mess Orban started😍

Melissa Sanchez17 said:Well, it is the weekend 😍. The decision should drop tonight once the US markets close. I'm still a bit uneasy about Austria. That whole mess Orban started😍

Look, it isn't just his doing—it's because those greedy Austrian banking elites have expanded their reach into Ukraine, Romania, Mexico, Bulgaria, and beyond... they are seeing massive losses there too.
You can't honestly think things are any brighter over there than they are in Canada, Canada, or right here at home.
🤣

I don't know about that. But honestly, France losing its credit rating might be the single most damaging thing for the Eurozone and the Euro right now. We're gonna need more ink, we'll be burning through printer toner... things are about to get interesting

Oil prices are tanking instead of climbing like everyone predicted. So much for all that talk about an attack on Iran.

dustyheron5 said:It’s classic AT&T—always timing these uncomfortable announcements right before the weekend. It gives investors, hedge fund managers, and the rest of the crew enough time to knock back a few Nomobals or Apaurins just to stay calm until Monday.🤣.........that way they don't go making any reckless moves before heading out on a fishing trip for the next few months.😍

If Italy is rated BBB, then what does that make us? Some kind of bottom-tier joke?😂

😂

Machiavelli said:What kind of argument is that? So gold was used as currency once? People sacrificed virgins and burned witches—what’s your point? Sure, people used gold when they didn't know any better, but now we have actual money and currencies. It’s far from perfect; inflation eats us alive and we can't control the printing presses, but it’s the best system we've got. It doesn't really matter what you call the currency. Maybe one day all these different systems will just vanish, leaving us with a single "Euro-American" used by the entire world.

It wasn't just a thing of the past; they’re still doing it. Why is CBS buying up gold? Is it just tradition?😁
So now we actually understand how to handle money and currencies. Isn't that just great?
What exactly are you trying to get at here?🙂
Is inflation just some natural force that slowly eats away at us on its own? Or is there more to the story? 🙂

Machiavelli said:You’ve completely lost the plot here. Look, you're entitled to your opinion, but don't try to drag everyone else down with you when you're clearly wrong. A unit of mass measures how much something weighs, not what it costs. Why even bother?

Value only exists in relation to something else, doesn't it? To me, grams are the standard of measurement, but I suppose you’d say it's the dollar.

Machiavelli said:Good grief, people. Can't you see? A single gram of silver is worth maybe $30 right now—that’s just a quarter of a barrel of oil or a certain amount of wheat. A year ago, it was sitting at $40, which bought you a third of a barrel of oil or even more wheat. Doesn't anyone notice the pattern?

Do you realize the dollar used to be measured against gold and silver, rather than the other way around? 🙂

Machiavelli said:You have to realize we aren't living in the era of Julius Caesar or the Roman Empire or Byzantium. It’s 2012. We don't trade in bartering anymore; we use GDP. You produce value, you get paid in currency, and then you use that money to buy things other people made. Simple, right?

Who was talking about Trump? They used money. And they had a GDP.
The thing you clearly aren't grasping is that a currency only works if people actually trust it. If things worked the way you think they do, why don't we just print up trillions of dollars and buy the whole world? We can't, right? Because nobody believes our paper has any actual value. It’s the same story waiting to happen for the dollar or the euro once the masses finally wake up and realize it's all just scraps of paper or digital entries that can be conjured out of thin air in a second.
When that day comes, what do you think people will actually use as money?

quiettrucker12 said:Oil prices are tanking instead of climbing like everyone predicted. So much for all that talk about an attack on Iran.

Oil is falling because Americans and Europeans have effectively abandoned the blockade on Iranian oil exports to Europe for the next six months... they realized that any supply shortages in Europe right now would be catastrophic for their economy.

dustyheron5 said:Oil is falling because Americans and Europeans have effectively abandoned the blockade on Iranian oil exports to Europe for the next six months... they realized that any supply shortages in Europe right now would be catastrophic for their economy.

So, everyone gets what they want. Iran wins, everyone else wins, and we don't have to deal with any wars or missiles. Great.

I’m worried this is just the calm before the storm... or maybe Americans are just getting cold feet about those coastal missile strikes? 🙂

Hmmmm, Iranians are pretty wild

Here’s a quick look at how this is gonna play out 😂

http://www.youtube.com/watch?feature...v=t6SmRz3y4ps#!

Just imagine

If people thought that kind of scenario was going to hit by late 2012, they were dead wrong—especially considering how much the Dollar has been gaining ground over the last eight months. For some reason, Americans don't seem to grasp that they aren't the ones who'll be left holding the bag; it’s the Eurozone. Sure, they’ll feel the ripple effects once Europe hits the fan, but I highly doubt the epicenter will be here in the States. The US situation isn't what's going to drive the final gold bubble, at least not during the first two-thirds of it.

http://www.youtube.com/watch?v=fd_ih...eature=related

To put it bluntly and keep it simple: "it is just going to be an economic mess for a while."

http://www.business.com/investing/how-to-invest-in-luxury-brands-like-paul-gaultier

Wait, what even is 25-karat gold? 😕

quiettrucker12 said:If people thought that kind of scenario was going to hit by late 2012, they were dead wrong—especially considering how much the Dollar has been gaining ground over the last eight months. For some reason, Americans don't seem to grasp that they aren't the ones who'll be left holding the bag; it’s the Eurozone. Sure, they’ll feel the ripple effects once Europe hits the fan, but I highly doubt the epicenter will be here in the States. The US situation isn't what's going to drive the final gold bubble, at least not during the first two-thirds of it.

Both sides are going to find themselves in a bit of a mess, to put it mildly.
The dollar has only "strengthened" against other fiat currencies, nothing more.
The real question is just who collapses first: the dollar or the euro? Honestly, it doesn't much matter which one goes under first; everything is so interconnected through the big banks that if one falls, the other is coming right down with it.

The real question is what actually drives a bull market. So far, it’s been pure emotion fueled by moves from the Federal Reserve (Quantitative Easing). For this rally to keep rolling, it basically needs to be carried by the US through the strength of the Dollar. What I’m really looking at—especially since we haven't seen any proof yet that Quantitative Easing 1 or 2 actually wrecked the economy—is the possibility of this bull market shifting into a third phase. We're talking about a stage driven entirely by raw emotion without any real fundamental backing. That would give enough runway for full-blown hysteria to kick in, which would also provide a perfect excuse for when the bull market inevitably crashes. Once that third-phase mania takes over, nobody is going to care about fundamentals anymore. Also, I wonder how much the Eurozone crisis actually fits into this puzzle. There's a decent chance it's the only "real" crisis in the bunch. Even if it just creates a general sense of instability, I'm questioning how much it actually impacts the US bull market.