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-   -   Gold tops $1700 per ounce today! (https://gfy.com/showthread.php?t=1033334)

vsex 08-08-2011 07:31 AM

Gold tops $1700 per ounce today!
 
Buy those precious metals, guns and canned goods! :1orglaugh

The Demon 08-08-2011 07:33 AM

Waiting to hear from the "precious metals are a bubble!!" crowd.

Emil 08-08-2011 07:51 AM

Of course it's a bubble. A bubble that is starting to grow bigger and bigger. I assume it will grow a lot bigger until it pops. We've seen nothing yet. The same with silver.

The Demon 08-08-2011 07:56 AM

Quote:

Originally Posted by Emil (Post 18339237)
Of course it's a bubble. A bubble that is starting to grow bigger and bigger. I assume it will grow a lot bigger until it pops. We've seen nothing yet. The same with silver.

Not sure if you understand what a bubble is. Or rather, fairly positive that you don't.

JamesGw 08-08-2011 08:00 AM

I wouldn't be surprised to see it above $2000 by the end of the year.

Paul&John 08-08-2011 08:01 AM

Quote:

Originally Posted by JamesGw (Post 18339259)
I wouldn't be surprised to see it above $2000 by the end of the year.

Or sooner ;)

pornmasta 08-08-2011 08:12 AM

Look, gold !

http://4photos.net/photosv2/Soap_bub...1273670534.jpg

Agent 488 08-08-2011 08:12 AM

if gold is up it means things are in the shitter don't get too excited.

pornmasta 08-08-2011 08:13 AM

gold is nearly useless.

Emil 08-08-2011 08:15 AM

Quote:

Originally Posted by The Demon (Post 18339247)
Not sure if you understand what a bubble is. Or rather, fairly positive that you don't.

So you think gold will go up forever and never fall down?

The Demon 08-08-2011 08:23 AM

Quote:

Originally Posted by Emil (Post 18339303)
So you think gold will go up forever and never fall down?

No, but I appreciate the intentional misrepresentation of my post (Hint: strawman). Gold not being a bubble has absolutely nothing to do with its rise in price relative to the dollar or other currencies.

JFK 08-08-2011 09:26 AM

Quote:

Originally Posted by pornmasta (Post 18339290)

BEAUTIFUL I tell ya :thumbsup:thumbsup

Brujah 08-08-2011 09:31 AM

Gold will hit $3500 by tomorrow!

strobi 08-08-2011 11:43 AM

I'm still buying :)

IllTestYourGirls 08-08-2011 11:45 AM

JP just predicted that it will be $2500 by the end of the year. so I would sell now ha.

facialfreak 08-08-2011 12:08 PM

Quote:

Originally Posted by JamesGw (Post 18339259)
I wouldn't be surprised to see it above $2000 by the end of the year.

JP Morgan on Monday forecast spot gold prices reaching $2,500.00 an ounce by year-end. :thumbsup

Even Kitco's December futures target is now $1830.00


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