Gold tops $1,000 as investors seek shelter

Discussion in 'Economy' started by KMAN, Feb 20, 2009.

  1. KMAN
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    KMAN Senior Member

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  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    The question is: Will KMAN's useless trolling and dumb questions ever end?
     
  3. Paulie
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    Paulie Platinum Member

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    I tend to doubt the govt. would confiscate our gold again. Unless they want to provoke some kind of revolution. A VIOLENT one.

    This gold rush has less to do with inflation, and more to do with it being the only asset that's not losing its ass. The threat of inflation most likely started the rush, but the fundamental that's continuing to drive it is it being a safe and actually profitable asset at this point.

    I see gold going to $2,000 but not this year at least. I think it'll test 1200, and then sell back off. But it's going to depend a lot on what happens with these banks, i.e. nationalization. If nationalization is a NO, watch gold sell off hard.
     
    Last edited: Feb 20, 2009
  4. KMAN
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    KMAN Senior Member

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    You are a freaking idiot dude...IT"S ALREADY HAPPENED ONCE IN OUR HISTORY!!!!

    FDR, Thief of America's Gold

    Do yourself a favor and leave this site. You are embarrassing yourself.


    The Roosevelt Gold Confiscation Order Of April 3 1933.
     
  5. Modbert
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    Modbert Daydream Believer Supporting Member

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    So did slavery; you saying that's going to happen again too? :eusa_eh:

    I never said it didn't happen, I'm saying it's a dumb question because you're a troll and saying it's going to happen again.
     

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