In response to:

Gold Bounces Back

OldGeezer75 Wrote: Apr 07, 2012 8:15 AM
GOLD plunges downward from $1900 down to $1600, - $300 dollar drop and what a "Calamity." GOLD rises by a minisquel ...70 cents and you're seeing the beginings of a "Buyer's Boom...!! Talk it Down, & now Talk it UP... Chris P. - are you still stuck with too much Long GOLD you need to un-load to the Market...??? People will someday soon be selling GOLD to buy a Loaf of Bread - - oz for oz...
CapitaLost Wrote: Apr 07, 2012 8:37 PM
Even with the (temporary) drop from $1900 to $1600, the gold I bought at $400 is still worth "4 times" as much as when I bought it. In reality, it is still worth the same number of ounces of gold. It never goes up or down in objective terms. The DOLLAR goes up and down, but almost exclusively DOWN since 1971, in terms of gold. The dollar is a subjective measure of value, and is worth whatever the government wants it to be worth. On the other hand, the dollars in my savings account are now worth only 1/4 in objective terms, what they were when I bought that $400 gold. After dollars become worthless, gold and silver will be the only money there is. Read "When Money Dies" to see what your dollars will buy in just a few years. I on the...
CapitaLost Wrote: Apr 07, 2012 8:41 PM
I and my family, on the other hand, will be living just fine, using our real money. Maybe you can burn some of your dollars in your furance to keep warm. That's what people in the Weimar Republic did in pre-WW2 Germany. It took wheelbarrows of Marks to buy a loaf of bread. Anyone lucky enough to own gold or silver could buy it at very reasonable prices. Sorry, OldGeezer, you are a complete fool that has been taken advantage of by the government. You aren't even aware that they've stolen 97.5% of your assets since 1971. If you live until the dollar collapse (probably in the next 12-24 months) you won't live much past that. Good strategy.
Corbett_ Wrote: Apr 07, 2012 11:24 AM
Only if there is a bread shortage. And then, only the people with gold will be eating.
Origanalist Again Wrote: Apr 07, 2012 8:01 PM
"People will someday soon be selling GOLD to buy a Loaf of Bread - - oz for oz... "

Ok, that is the number 1 dumbest post I have seen all year. Over the top ridiculous.
Origanalist Again Wrote: Apr 07, 2012 8:03 PM
Old Geezer, are your retirement funds depleted and you're writing out of desperation? Should have bought gold and silver, you're old enough to know better.
CapitaLost Wrote: Apr 07, 2012 8:47 PM
That is pure, 24 carat stupidity. Only a lyberal that would have voted for Obama could have posted that. It is indeed the single stupiest post I have ever seen online in many years of reading newsgroups like this.

Gold prices moved tentatively higher yesterday in overnight trading, breaking the streak of down days that started in the wake of Federal Reserve meeting notes indicating the Fed was tilting away from further easing, for now. 

In early trading gold was up $0.70 to $1,630.70 and silver was even at $31.72, bringing the silver/gold ratio to 51.4. 

If you expected more good news on the monthly job report numbers being released, you were disappointed.  The consensus estimate was for hiring to increase by 205,000 in March, making the fourth straight month the figure  topped 200,000 new jobs in a month.  ...