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(Marketwatch)   Gold futures shrivel up, as does Glenn Beck's junk   (marketwatch.com) divider line 13
    More: Fail, futures contracts, U.S. stocks, short position, contrarians, U.S. dollar, Chicago Mercantile Exchange, deflation, relative volatility  
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4326 clicks; posted to Business » on 28 Nov 2012 at 6:52 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-11-28 04:35:48 PM
5 votes:
Honestly, I plan to use Honey after the economic collapse of America.


1. Honey is highly nutritious.

2. It can be used as a topical antiseptic, bacteria cant grow in it, its too sweet.

3. Its can be considered a luxury good, when traditional sources of sugar dry up, or become
super expensive honey becomes the sweetener of choice.

4. Honey Lasts almost forever. It may crystallize, but can be fully restored to a liquid state by slowly heating it. Ediable honey has been found in Egyptian tombs and restored to its liquid state..

Screw Gold. I'll be the post apocalyptic honey baron!
2012-11-28 04:37:27 PM
3 votes:

Rev. Skarekroe: Nadie_AZ: I saw an episode of 'Preppers' and the guy was melting down all his gold into a huge 'ingot'. He said this way he could use this to barter for anything- food, ammo, clothing, medicine, etc. My first thought was 'you'd spend that entire ingot on a bag of corn? you won't get change back'.

If the sh*t were to hit the fan tomorrow, gold would be worthless anyway. The guy with the food, ammo, clothing, medicine, etc. is going to own your ass as slave labor for a few decades before an economy based on money evolves again.


The guy who is charismatic and able to unite people will be the one that rules- not some hermit who has to hide to protect his survival cache.
2012-11-29 09:14:33 AM
1 votes:
This is rather humorous. A 1% drop in a commodity is a calamity?

Glen Beck's idiocy aside, this is nothing.

Call me when it hits 10%, and I'll buy an even larger stake. Given the continual devaluation of the dollar, gold has nowhere to go but up, long term. It's made me a LOT of money. 

Tardmitter is a tard.
2012-11-29 08:43:48 AM
1 votes:
If you bought 16oz of gold 10 years ago for about $6,000, your gold would be worth $27,400 today.

If you bought $6,000 of a Dow Jones Indexed fund 10 years ago, it would be worth $8,800

Or in other words instead of being able to buy 16oz of gold in 2002, with your money you have now after 10 years in a DJ fund, you can now buy about 5oz of gold.


But really there's no issue with the devaluation of our currency.


If you put $6,000 in your mattress for 10 years it lost 20%+ purchasing power.
2012-11-29 07:38:28 AM
1 votes:
I would really like it to go down soon. And possibly faster. Please? It's kind of making nanophysics research more expensive.

/We like gold. Has nice optical and electrical properties, and while silver is better for Surface Plasmon Resonance, gold doesn't oxidize....
2012-11-29 01:35:18 AM
1 votes:

Atomic Spunk: Perfectly stated. Another possible reason for the abundance of gold haters - they missed the big price moves in 2009, 2010 and 2011 and now they can't afford to get in. So rather than acknowledge their missed opportunity, they instead cast gold investors as ignorant followers of Glenn Beck or whacked out doomsday preppers. They are incapable of imagining that someone buying gold might be a completely normal, rational investor who isn't stupid enough to pay 80% over spot price, and who doesn't believe in the the near term end of civilized society.

I think the reason we don't see too many gold threads when gold goes up is because most of the big moves are down. But yeah, $30 down isn't that bad for gold. I'm certainly not concerned. But then again, I wasn't too concerned in Q4 of 2011 when gold started to drop from its record nominal highs. Seems like 90% of the people commenting about gold at that time were convinced that the bubble had popped and gold was due to drop to sub-$1,000 in the near term. I still think the gold bull maket has some life left, and the really big moves up will coming up in the next 2 years.


We just are skeptical about the long term prospects for gold as an investment. There have been big crashes in the past, like what happened in the 80s, and all this talk about gold haters not being able to afford to get in reminds me a lot of all those pre-crash housing market threads where we were assured by people buying houses back in 2006 that the gravy train was just getting started. The gold market just smells like a huge bubble. Props to you if you got in early and made a quick buck, but it just seems too much like the housing market at the height of the bubble, and I'm just waiting for the sob stories in a few years about all these poor retirees who put their life savings into gold aright about now and got wiped out.
2012-11-28 09:34:09 PM
1 votes:
Gold is not an investment. It's a lifestyle
2012-11-28 09:32:41 PM
1 votes:

Raharu:

Screw Gold. I'll be the post apocalyptic honey baron!


Meh. People will be able to harvest their own honey.

Tampons and toilet paper are what you want to stockpile.
2012-11-28 07:52:03 PM
1 votes:
I'm going into hard cider. Like our forefathers
/and our forefathers forefathers
/and our forefathers forefathers forefathers
2012-11-28 07:33:12 PM
1 votes:

Nadie_AZ: The guy who is charismatic and able to unite people will be the one that rules- not some hermit who has to hide to protect his survival cache.


Approves.

images1.cliqueclack.com
2012-11-28 04:46:34 PM
1 votes:
What junk?
2012-11-28 04:44:29 PM
1 votes:

xynix: Time for the big banks to pull out of gold leaving all the idiotic retirees holding 75% of what they put in or less. Wonder where the ultra rich are going to put their money now? Oil is still kind of saturated.. It's too early to over-inflate the housing market again. Not enough companies left in America to Bain-Rape. It's still too premature to for Genomics.. Not enough BioTech types to create a bunch of fake companies packed with vaporware. Hmmmmm. I'm stumped on this one.

farkit I'll go buy more corn.


There's a great future in plastics.
2012-11-28 04:36:25 PM
1 votes:

Nadie_AZ: I saw an episode of 'Preppers' and the guy was melting down all his gold into a huge 'ingot'. He said this way he could use this to barter for anything- food, ammo, clothing, medicine, etc. My first thought was 'you'd spend that entire ingot on a bag of corn? you won't get change back'.


If the sh*t were to hit the fan tomorrow, gold would be worthless anyway. The guy with the food, ammo, clothing, medicine, etc. is going to own your ass as slave labor for a few decades before an economy based on money evolves again.
 
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