Gold will go $1,500/ounce this year
Here is a whole page advertisement in San Jose Mercury News on August 24, 2009:
Cash for Gold comes to Cupertino
With unemployment and foreclosures at a record high in California, ARC Capital Investments will host another fun, safe and lucrative cash for gold purchasing event here in Cupertino to help stimulate the economy. Many people are already very aware of the benefits of such an event due to the many advertisements on television, radio and the Internet.
ARC Capital Investments, a California state-licensed precious metals dealer, has a different approach to the demand and supply of precious metals. Owner of ARC, hosts a 4-day event in the Cypress Hotel, a very well established and reputable hotel, in order to ensure 100% client interaction.
.......
The Gold Evaluation Process
........ "
The price of the gold in August was around $950/ounce. ARC of course is not a charitable institution. When it pays huge to rent hotels and put advertisement to collect gold from area to area, how much do you think they expect to make in future gold market?
When media repeats on foreclosure and unemployment news, it squeezes people to sell gold and jewellry to speculators. The next financial balloon will be a gold bubble. At that time, the topic in media will be inflation. It will advise you to buy back gold. This is how the inside group controls this country and make money from each crisis.
Gold will go $1,500/ounce this year
I think the Feds is preparing another financial tsunami in the rest days of this year. In which US dollars will rapidly devalued to a historical low. The price of the gold will go $1,500 to $2,000/ounce. The exchange rate of the Japanese yen will go 80/dollar or higher. The Euro will go 1.6 dollar/Euro or higher.
This is why there is regime change in Japan. The Liberal party was too close to its enterprises and big business. It resists to increase the value of yen to the desire of the Feds. So it has to step down. The Democrat party who is willingly to sacrifice the Japanese financial interest now gets the power. The high value of Japanese yen will certainly hurt Japan's economy.
China and India co-operate with the Feds. They have bought the gold quietly for sometime and will make a good profit in coming gold rush.
It will happen in coming days of this year. What a tsunami it is if it all takes place in three months. I predict it before the media bang the drum on inflation. And remember what I said today and how the Feds control your mind with propaganda.
When I say the Feds is the hand to push up the gold price, the Feds here means intelligence (FBI, DEA). So they have their own way to clear the uphill road for the gold.
Gold will go $1,500/ounce this year
Any well thought out...diversified portfolio has some Gold in it. No matter what the economy is like....always have a chunk of Gold.
Words of wisdom for when the time comes. Lots of people are raking in the dough right now.....buying foreclosures....sittin and sellin.... or flippin. Lots of pump & dumps in the market...capitalize while the scared sit on the fence...its a buyers market right now. Be bold & take risks.
Gold will go $1,500/ounce this year
Not investing *ANYTHING* in gold, or anything to do with Wall Street. What goes up, must come down. There is no basis, rhyme, or reason for the markets to be where they are now..... other than lies and greed.
The US does *NOT* run on Wall Street, it runs on small town, rural America. The biggest obsticle for economic recovery is the price of gasoline at the pumps.
Last Feburary, when gas was $1.50 at the pumps, my company had a record month, and I was lookig at hiring a full time Master Technician, and a full time helper, as well as an office person to keep up with the demand. I had a 2 week backlog just on service calls, and had a backlog on comfort system replacements. In mid March the price went over $2.00/gal at the pumps, and everything stopped. Traffic on the roads dwindled down to nothing, folks stopped spending in stores(other than essentials), my company phones stopped ringing. Instead of hiring, I had to let 2 people go, and now can barely afford to write my own salary check.
The only reason the price of gasoline went up is because the speculators saw that money was starting to move, so the greedy bastards jacked the futures prices.
The oil companies have shut down over half of the production platforms in the Gulf of Mexico, and the refineries have reduced their output by 80% or more.... all in an attempt to keep the price of oil up. Add to all this....the idiocy of our elected officials, and there free spending with our hard earned tax dollars... Elected officials should only serve 2 terms.... the first elected, the second...in jail.
Do a little homework... then tell me I am wrong.
Gold will go $1,500/ounce this year
Mississippi Steve is a wise man :thumbsup: ... and, trying to eat gold, will only break your teeth ... my long-term investment plan is ammunition :D
Gold will go $1,500/ounce this year
Quote:
Originally Posted by Mississippi Steve
Elected officials should only serve 2 terms.... the first elected, the second... in jail ...
hell, yeah, that's the way they do it in Illinois politics :thumbsup: ... oh, wait a minute, isn't that where our Savior-in-Chief Obama lived, and prepared his political career ?? :wtf: ...
"Change" ... be careful what ya ask for :(
Gold will go $1,500/ounce this year
Quote:
Originally Posted by Mississippi Steve
Not investing *ANYTHING* in gold, or anything to do with Wall Street. What goes up, must come down. There is no basis, rhyme, or reason for the markets to be where they are now..... other than lies and greed.
The US does *NOT* run on Wall Street, it runs on small town, rural America. The biggest obsticle for economic recovery is the price of gasoline at the pumps.
Last Feburary, when gas was $1.50 at the pumps, my company had a record month, and I was lookig at hiring a full time Master Technician, and a full time helper, as well as an office person to keep up with the demand. I had a 2 week backlog just on service calls, and had a backlog on comfort system replacements. In mid March the price went over $2.00/gal at the pumps, and everything stopped. Traffic on the roads dwindled down to nothing, folks stopped spending in stores(other than essentials), my company phones stopped ringing. Instead of hiring, I had to let 2 people go, and now can barely afford to write my own salary check.
The only reason the price of gasoline went up is because the speculators saw that money was starting to move, so the greedy bastards jacked the futures prices.
The oil companies have shut down over half of the production platforms in the Gulf of Mexico, and the refineries have reduced their output by 80% or more.... all in an attempt to keep the price of oil up. Add to all this....the idiocy of our elected officials, and there free spending with our hard earned tax dollars... Elected officials should only serve 2 terms.... the first elected, the second...in jail.
Do a little homework... then tell me I am wrong.
Here in Galveston Tx........seems everyone is making a killing on the platforms...soon as they finish their classes they get swooped up....making BANK too. Has Mississippie got it bad for some reason? I can think of 4 buddies working offshore nonstop right now. And Shell is always looking at the community colleges here.
The secong term in jail was priceless
Gold will go $1,500/ounce this year
Quote:
Originally Posted by the image reaper
"Change" ... be careful what ya ask for :(
I'll keep my guns, money, and freedom... Obama and his cronies can keep the "change." (I know they make t-shirts and bumper stickers quoting that, I've gotta find me some of those!)
As for the coming gold "boom", I don't see it lasting or becoming the giant trend some people are trying to make it out to be. If the Feds don't at least try to curtail all this ridiculous spending, then I could possibly see it becoming a trend, making the dollar worth less than it already is now. Otherwise, it'll eventually bounce back like it always has before in the exchange market. And as the largest foreign holder of U.S. treasuries, China is bound to be nervous, sure... but as long as they keep buying them up to protect their cheap exports, the dollar isn't going to "crash" like a lot of the big talking heads are wanting people to believe.
This is Obama's big chance to make a name for himself for actually accomplishing something worthwhile. (Imagine that...) It'd be nice to see his administration take some serious measures towards a solution to the economic problems, instead of this current trend of spending America's way into third-world status. Here's hoping...
Gold will go $1,500/ounce this year
The price of gold goes up every time a republican takes office and fuks up the economy. I.E. Reagan - he outspent the Russians and drove us into dept. Gold shot up to 3x it's value.
Clinton takes office and the price of gold falls or hold steady for his entire 8yrs. I can't quote you exact numbers and I'm not going to google a link for you, so don't go there. Research it yourself. I'm going to say gold averaged $400/ounce +/- during the Clinton years.
Bush steals the white house in 2000 and fuks up the economy again - price of gold goes up 3X
Now is a BAD time to buy gold. Anybody with 2 brain cells knows you buy low and sell high. Well, it's HIGH right now -- DUH!! WRONG time to buy.
Wait 8yrs until Obama fixes the economy and gets the country back on track. I guarantee you it'll be $375/ounce again before his 8yrs is up. THAT is when you buy - right before the next republican comes along again and ruins the economy.
Read a fuking history book!!
You know why everybody is advertising - BUY GOLD - right now? Because only a SUCKER and a FOOL would pay todays prices. These companies that "broker" gold are just trying to cash in on the uneducated right now. There's a sucker born every minute - just don't let it be YOU.
Buy your gold in 2015 when it's back down to $400/ounce.
Gold will go $1,500/ounce this year
I am selling off all of my stocks and gonna keep it in cold, hard cash. Anybody who buys gold right now is a fool. Eventually the bottom is going to drop out again.... I don't want to get caught up in that(again). All I can do now is to stash cash when I can. The current economy is causing what few small businesses that are left, to have to close their doors. Some are trying to diversify, but thats not working either. It takes money to make money.... and the money just isn't there. My own company of 14 years is right on the brink, but there is no other employment available in my area, so come hell or high water, I have to make it work, no matter what.
A last resort for me would be to sell my home that is almost paid for, and try to find employment elsewhere and pay double for rent of what my house note is.... that would be counter-productive.
I just hope I can keep it together long enough to survive the comming market crash, and still be here when the economy recovers.
