GLD USD    Last:431.0    +6.44

Gold going up this year?

Gold is always better than the Dollar.

So what if Gold is not supported by the Dollar.

Gold can be supported by other currencies like Euro, Yen or Yun.

US is printing so much paper money that the Dollar is becoming pretty weak.

I rather hold Gold than US Dollar.

If the entire Global Economy collapse and all paper money become worthless, Gold will still have value.

 

 

Gold Price dropping is great.

Panic is great.

Now is to wait for the best time to buy in Gold again.

 

PANIC  has  started.

GOLD  PRiCE  is  drOpping....

 

ALL  my aunties  relatives, neighbours, friends have sOld  their  GOLD at the PEAK  PRiCES.

DiD  they ALL knOw  sOmething  WHiCH  we  STiLL dO  nOt  knOw?

In  that  case,  I  bEttEr  sEll  my  Physical  GOLD.

178investors      ( Date: 23-Mar-2010 15:43) Posted: Being in the gold business for many years, know what "salute" is hinting at. It's better to remain silent and not scare the hell out of those whho already invested plenty else the financial crisis will see no end liao. I think the reverberation would be many times worse off than a madoff. But not late to do the necessary as the truth will not be revealed by those who already know. So don't ask me too. Dont want to see mass panic.

 

Ozone, you have warned many times about buying real gold.  :)  

But, me still holidng the GLDUS$ boguth at 88.00.    Holding for 50/50 chance.

P/S - Whats your take in Salute's post about the coming crisis on REal GOLD?  Me think the most scary and worst new would be 'Dollars not going to be backed by GOLD anymore'.......

Tks.

ozone2002      ( Date: 23-Mar-2010 22:31) Posted: ask yourself.. would you believe something made of paper that can be printed over and over again.. which is not backed by anything OR would u believe something tangible that has withstood the ancient medival times, and has shrinking supply as years go by, can't be easily produced by printing and is a source of money.   Paper is a ponzi scheme...Anything paper is a ponzi scheme.. just waiting for the next greater fool to hold onto to the "hope".. as long as more pple participate, the greater the belief will be in the scheme and the scheme prolongs itself till the masses lose faith in it...

 

Salute,

Understand your concern that if you let out the info, people start to get panic. But, after the Subprime Crisis and collapsed of Lehmen brothers,  the world has already quite well prepared to know or accept news worst than this.

Even if your news is something like : Gold is not going to be the 'back up' for the dollars, we are well prepared.   LOL

So, care to share?  Tks.  :)

Salute      ( Date: 22-Mar-2010 23:48) Posted: gold ETF and real gold -- both alexchia01      ( Date: 22-Mar-2010 23:37) Posted: I'm trying to understand what you are saying. You say that there is some kind of fraud or cheating in Gold? Who is cheating? How is the cheat being done? Are you referring to Gold ETF or Spot Gold or Both?

 

just becareful about gold ETF, always think of the case of madoff.

178investors, the other matter is scary, it can cause real panic in financial system, hope they are doing the necessary step to prevent it from being out of control. so we don't reveal that much too....good for all of us for the moment I think.

178investors      ( Date: 23-Mar-2010 15:43) Posted: Being in the gold business for many years, know what "salute" is hinting at. It's better to remain silent and not scare the hell out of those whho already invested plenty else the financial crisis will see no end liao. I think the reverberation would be many times worse off than a madoff. But not late to do the necessary as the truth will not be revealed by those who already know. So don't ask me too. Dont want to see mass panic.

 

fake gold bar make of tungsten ?

178investors      ( Date: 23-Mar-2010 15:43) Posted: Being in the gold business for many years, know what "salute" is hinting at. It's better to remain silent and not scare the hell out of those whho already invested plenty else the financial crisis will see no end liao. I think the reverberation would be many times worse off than a madoff. But not late to do the necessary as the truth will not be revealed by those who already know. So don't ask me too. Dont want to see mass panic.

 

ask yourself..

would you believe something made of paper that can be printed over and over again..

which is not backed by anything

OR

would u believe something tangible that has withstood the ancient medival times, and has shrinking


supply as years go by, can't be easily produced by printing and is a source of money.

 

Paper is a ponzi scheme...Anything paper is a ponzi scheme.. just waiting for the next greater fool to

hold onto to the "hope".. as long as more pple participate, the greater the belief will be in the scheme and

the scheme prolongs itself till the masses lose faith in it...

 

Am i right one famous person SHORTING the gold?

alexchia01      ( Date: 22-Mar-2010 18:52) Posted: Your statement is very interesting. What is the true story about gold that people don't want to reveal? Please enlighten us. Thanks. Salute      ( Date: 22-Mar-2010 14:52) Posted: I just know about the gold one. Thought the world is so messy, wanted to buy gold, but it's really scary about this fact.  I don't think people(those who know) would like to reveal the truth of the story inside the gold itself as it may cause panic in the whole world. However, as I said before, people still trade and punt the ETF gold as not many people know about it. So don't quote me if ETF goes up to $2000 one day..I just tell you what I know for now. Don't believe gold will go to $5000, think by then Food is more important---means survival. the best is to own land to plant vegetation. Congrats to those in sharejunction who own small garden in their villas..........hehe, don't know how the world will be by then and don't know when

 

Being in the gold business for many years, know what "salute" is hinting at. It's better to remain silent and not scare the hell out of those whho already invested plenty else the financial crisis will see no end liao. I think the reverberation would be many times worse off than a madoff.

But not late to do the necessary as the truth will not be revealed by those who already know. So don't ask me too. Dont want to see mass panic.

 

Nothing wrong but too expensive!

pharoah88      ( Date: 23-Mar-2010 12:36) Posted: Please share the TRUTH. my friEnd  is accumulating  gOld  BAR  ALL the TiME  including  nOw. tO  HiM  gOld  LiKE  gOd. i  am  tEmpted and waiting tO  bUy  gOld  ETF. What is  wrOng  WiTH  gOld  ETF? What  is  wrOng  WiTH  gOld BAR?   Salute      ( Date: 22-Mar-2010 23:48) Posted: gold ETF and real gold -- bot

 

gOd   gOld   gOOd

"BiRDS  Of   samE   fEathEr"  ?

 

hehe, to me there is no truth abt gold, e only truth is its too high as nw mkt stl cn go up mayb it cn follow bt if mkt is in shit same goes.

 

Please share the TRUTH.

my friEnd  is accumulating  gOld  BAR  ALL the TiME  including  nOw.

tO  HiM  gOld  LiKE  gOd.

i  am  tEmpted and waiting tO  bUy  gOld  ETF.

What is  wrOng  WiTH  gOld  ETF?

What  is  wrOng  WiTH  gOld BAR?

 

Salute      ( Date: 22-Mar-2010 23:48) Posted: gold ETF and real gold -- both alexchia01      ( Date: 22-Mar-2010 23:37) Posted: I'm trying to understand what you are saying. You say that there is some kind of fraud or cheating in Gold? Who is cheating? How is the cheat being done? Are you referring to Gold ETF or Spot Gold or Both?

 

gold ETF and real gold -- both

alexchia01      ( Date: 22-Mar-2010 23:37) Posted: I'm trying to understand what you are saying. You say that there is some kind of fraud or cheating in Gold? Who is cheating? How is the cheat being done? Are you referring to Gold ETF or Spot Gold or Both?

 

I'm trying to understand what you are saying.

You say that there is some kind of fraud or cheating in Gold?

Who is cheating?

How is the cheat being done?

Are you referring to Gold ETF or Spot Gold or Both?

 

Try to delay the spread of panic in the financial world, however I think the true fact will be spread around sooner or later, maybe bit by bit, next year, more and more people will know....some kind of fraud/cheating in gold(pretty unbelievable one)...the later the truth is out the better. Well, may be some one here already knew about it............ just becareful.

alexchia01      ( Date: 22-Mar-2010 18:52) Posted: Your statement is very interesting. What is the true story about gold that people don't want to reveal? Please enlighten us. Thanks. Salute      ( Date: 22-Mar-2010 14:52) Posted: I just know about the gold one. Thought the world is so messy, wanted to buy gold, but it's really scary about this fact.  I don't think people(those who know) would like to reveal the truth of the story inside the gold itself as it may cause panic in the whole world. However, as I said before, people still trade and punt the ETF gold as not many people know about it. So don't quote me if ETF goes up to $2000 one day..I just tell you what I know for now. Don't believe gold will go to $5000, think by then Food is more important---means survival. the best is to own land to plant vegetation. Congrats to those in sharejunction who own small garden in their villas..........hehe, don't know how the world will be by then and don't know when

 

Your statement is very interesting.

What is the true story about gold that people don't want to reveal?

Please enlighten us.

Thanks.

Salute      ( Date: 22-Mar-2010 14:52) Posted: I just know about the gold one. Thought the world is so messy, wanted to buy gold, but it's really scary about this fact.  I don't think people(those who know) would like to reveal the truth of the story inside the gold itself as it may cause panic in the whole world. However, as I said before, people still trade and punt the ETF gold as not many people know about it. So don't quote me if ETF goes up to $2000 one day..I just tell you what I know for now. Don't believe gold will go to $5000, think by then Food is more important---means survival. the best is to own land to plant vegetation. Congrats to those in sharejunction who own small garden in their villas..........hehe, don't know how the world will be by then and don't know when Hulumas      ( Date: 22-Mar-2010 14:05) Posted: So how about other type of ETF? So scary

 

You cannot compare Madoff case and Gold ETF.

Madoff is a crook who deceive people into giving him money to invest on non-existent securities. He basically runs a ponzi scheme.

Gold ETF is an investment fund used to buy Gold and is regulated by the stock exchanges.

They are 2 different things.

Salute      ( Date: 21-Mar-2010 15:16) Posted: be very careful when investing in gold. after hearing some update, jus worry that ETF gold may end up to be like Madoc case. Doesn't mean that one cannot trade in it if one is alert about market trend before the scenerio of Madoc approaching. Besides there are some games inside gold itself. When an investment is believed highly by the mass public that it's the trustworthy, secured and lucrative, it may betray the public as much, like the case of  Lehmen. The ugly facts just take time to be revealed; same manner may happen to gold because of the game inside gold itself. When come to crises again, the facts might be emerged