Gold Price Collapse Looming?
Gold Price Collapse coming? This link is from the CNBC video I am using in reference www.cnbc.com Photos from Wikicommons Google Finance freestockcharts Music from music4yourvids.co.uk
END code to remove Video Controls
March 11th, 2010 at 4:28 am
That music is killer man . . . . . . annoying. . .
March 11th, 2010 at 5:15 am
. . . whatdo you mean gold going up, a pound of gold buys you the same today as yesterday, your currency has just been devalued by printing more & granting it to banksteers & stockateers. The interest on that borronw money you will just keep paying through increased taxation.
March 11th, 2010 at 6:07 am
lol! US dollar became fiat as of August 15th 1971. Rome’s Denarius lasted 300+ years since it began debasing. Where do you come up with this claim?
March 11th, 2010 at 7:03 am
the music is distracting.
March 11th, 2010 at 7:40 am
The UK Sterling is going to collapse in the next 6-8 weeks.
Gold collapsing??? I don’t think so. Gold, Oil and other commonities will go through the roof in the next two years or sooner. Hold onto your gold, real gold not the GLD or SLV, which are just paper promisies like fiat currencies.
March 11th, 2010 at 8:31 am
Gold is NEVER used for wiring. It’s only used for electrical contacts because it does not corrode. This is only a very thin plating though, about 7 millionths of an inch. It is NOT the most conductive either. Copper is used almost exclusively in wiring. Gold is actually 24% less conductive than copper, and copper is 10% less conductive than silver.
March 11th, 2010 at 9:29 am
KypHeM
Some people thought the world was flat because they were told by the rulers that if they questioned this they would be killed as it is ordained by God. People have been forced to believe all kinds of things through FEAR. PEACE
March 11th, 2010 at 9:55 am
KypHeM I mention Germany to inform you and you assume I have gold and I think it’s going to 5,000.
I bet you make alot of assuptions without any facts just your mind reading skills.
PEACE
March 11th, 2010 at 10:36 am
I believe with China buying all the gold from the IMF and the probability that the dollar’s bull run is petering out. . . . . Anything is possible, however, if gold breaks below $1000 I would buy as often as possible regardless of direction.
Much bigger debts and deficits, more people able to trade in so many markets than ever. . . . if we do look at history, we can see that our dollar is being destroyed (IE – Zimbabwe)
Good video, Like the ‘value’ section. People need to look at value not price.
March 11th, 2010 at 10:55 am
only when they find another huge gold well, baby
March 11th, 2010 at 11:39 am
gold going down ?
what a lie from the pit of hell
gold hits new highs in euros and pounds
stop this new age garbage messages !
March 11th, 2010 at 12:10 pm
I’ve been hearing the same call for gold to retrace back as far as 880 – 900 before the next leg up. I think this could occur with the current EU (Greece, Spain, Ireland, Portugal, etc) crisis causing the Euro to fall and the dollar becoming a safe haven in the nearterm. Also the recent move back to 1100+ wan’t convincing to pro analysts I follow.
March 11th, 2010 at 12:32 pm
In that case we are do for a new currency. Our fiat currency is the longest standing in history!
March 11th, 2010 at 12:39 pm
Dude, lose the music.
March 11th, 2010 at 1:36 pm
Everything is in cycles. Just look at history.
March 11th, 2010 at 1:48 pm
Great video, distracting music.
March 11th, 2010 at 2:00 pm
Soros and friends are attacking the Euro source WSJ and buying the USD selling everything else
March 11th, 2010 at 2:26 pm
Why do you think that?
March 11th, 2010 at 2:27 pm
The price target on gold in U. S dollars is Infinity.
March 11th, 2010 at 2:38 pm
cnbc always says the banks aren’t lending so inflation won’t happen. obamas spending programs alone are enough for the dollar to weaken and inflation to happen. his healthcare plan is over three trillion dollars and they have stimulus and jobs bills all in the hundreds of billions. Thats not even including the fed doubling the money supply and its gonna go higher. cnbc’s case for gold lower has no legs and even if the dollar goes higher gold can still go higher anyone who follows knows that.
March 11th, 2010 at 2:54 pm
I think it will go lower than that. Below 500. That’s my opinion.
March 11th, 2010 at 3:26 pm
Great video, but it is COURSE, not COARSE. Keep up the great work!
March 11th, 2010 at 3:54 pm
Time to end the smoke and mirrors.
March 11th, 2010 at 3:57 pm
I don’t know about dollars but quaters and dimes make great shims. for example if your table wobbles a quarter might even out the legs. Now thats real value.
March 11th, 2010 at 4:19 pm
just another trade !