Pages

Jump to bottom

5 comments

1 engineer cat  Fri, Apr 12, 2013 12:01:06pm

it was clearly an investment bubble, furiously stoked by online and tv ads forecasting immanent financial collapse

any student of financial/investment history would have clearly seen that the price had to peak and decline sooner or later, and that any investor would need to carefully guess when would be a good time to cash in and get out

2 Aligarr  Fri, Apr 12, 2013 12:09:25pm

Gold has been climbing since $ 330 an ounce .Market is up , there’s tons of money on the sidelines starting/ waiting to jump into equities . The Drop in Gold should have been predictable to investors . I bought at $331 and set a sell at $1250 . Some said it would surpass $2000 .

3 Destro  Fri, Apr 12, 2013 12:21:26pm

re: #1 engineer cat

God knows how many people get gold fever watching those gold mining shows where people spend fortunes looking for gold and barely find any to cover their costs. The only way they make money is from the show itself. But it fuels those people out there in the red states that have gold fever and dream they could go out into Alaska and find gold and become rich.

4 kirkspencer  Fri, Apr 12, 2013 12:54:08pm

Peak of slightly over $1880 in July of 2011, gradual decline since (but with occasional spikes). I wouldn’t touch it these days.

5 Cap'n Magic  Sat, Apr 13, 2013 9:07:22pm

As a commodity, GLD has had a decent run. But when the goldbugs keep screaming that gold is money, I ask them to show me on their buillion slabs where it states that this bullion is valid for all US debts private and public.

Sadly a lot of these goldbugs also subscribe to the Austrian Theory economists, who have yet to show that any such Austrian-based economy exists in the real world, and can’t come up with a definition as to what ‘honest money’ really is.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Rallying Cry: “Mr. President, It’s Too Much” CNN reports: "The city of Tulsa is experiencing a surge in coronavirus cases, a little over 2 weeks after President Donald Trump held a campaign rally in an indoor arena there." Biden puts it in perspective: “Mr. President, it's ...
yourefiredbefore2020
3 hours, 40 minutes ago
Views: 61 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
A Hard Rain’s A-Gonna Fall — Bryan Ferry (Live 1977)
Thanos
11 hours, 15 minutes ago
Views: 131 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Barry McGuire - Eve of Destruction Subscribe to The Best Of for more classic music history, videos and playlists: bit.ly "Eve of Destruction" is a protest song written by P. F. Sloan. Barry McGuire recorded the track in July 1965. It was released by Dunhill ...
Thanos
11 hours, 18 minutes ago
Views: 136 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
#Thegreatpoolpondconversion - 200705It was a good, non exhausting day's work, even though it was 98 degrees when we started. The end of the first game in the series is in sight. We can see the finish line.So everything we do now is ...
Welcome to The Imbleachment (dangerman)
1 day, 10 hours ago
Views: 253 • Comments: 2 • Rating: 7
Tweets: 0 • Share to Facebook
The Good, the Bad and the Ugly - the Danish National Symphony Orchestra (Live) #TheMorriconeDuel #FilmMusicLive #DNSOWant to experience The Danish National Symphony Orchestra live? bit.ly The Good, the Bad and the Ugly Composed by Ennio MorriconeVarious flutes: Hans Ulrik, Russell ItaniVocals: Tuva Semmingsen & Christine Nonbo Andersen In January 2018, The Danish ...
Thanos
2 days, 11 hours ago
Views: 409 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Charlie Puth - Girlfriend [Official Audio] "Girlfriend" Out Now - charlieputh.lnk.to Text me:[no phone numbers allowed] Subscribe for more official content from Charlie Puth: charlieputh.lnk.to Follow Charliecharlieputh.com facebook.com@charlieputh instagram.comtiktok.comSoundCloud Lyrics: Yeah, tired of this conversationWe didn’t come all this wayTo touch a little, kiss a ...
Thanos
5 days, 7 hours ago
Views: 559 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Paul Weller - Village - Radio 2 BreakfastPaul Weller performs Village live from his Black Barn studio for the BBC Radio 2 Breakfast show
Thanos
5 days, 9 hours ago
Views: 636 • Comments: 0 • Rating: 1
Tweets: 3 • Share to Facebook
Crowded House - Fall at Your Feet (Live From Home, 2020) In the spirit of musical comradeship through isolation, us fellas in Crowded House have created a live version of Fall At Your Feet, captured here in the making at our respective home set ups. Some of the sentiment in ...
Thanos
5 days, 9 hours ago
Views: 638 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
#Thegreatpoolpondconversion - 200628after the rototilling we tossed several bags of wild flower seeds. thousands and thousands. we'll see what happens with them. we also bought four trees for our anniversary.all natives, good for birds and butterflies. there's a slash pine, a beautyberry ...
Welcome to The Imbleachment (dangerman)
6 days, 11 hours ago
Views: 587 • Comments: 2 • Rating: 5
Tweets: 0 • Share to Facebook
Russian Bounties — Trump Threatens the American Experiment - PRESS RUN Not once has Trump angrily banged a lectern and promised to get to the bottom of the stunning and heartbreaking story that Russian intelligence was paying lucrative bounties for the lives of American troops murdered in Afghanistan. Not once ...
Thanos
6 days, 16 hours ago
Views: 733 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook