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The Great GOLD crash! Finally.
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<blockquote data-quote="brett636" data-source="post: 1122462" data-attributes="member: 249"><p>TOS, UPS always tells us to get the big picture, and in this case you are definitely not seeing(or maybe just ignoring) the big picture. Precious metals like gold and silver are falling in price because countries that you would feel more at home in (read much more socialist) are experiencing the logical conclusions of their failed policies. They are in a big financial bind and can't pay their bills any longer so they are resorting to selling their valuable assets(read: Gold) in order to get back to treading water. Atleast until their continued failed ideas sink them again. This presents a simple supply and demand problem where the demand for gold is steady, and the supply has been tremendously increased. This will cause a temporary drop in price, and by temporary I mean it could be weeks, months, or even years before the price rebounds, but believe me it will rebound. This simply creates a great buy opportunity for those who have been interested or participating in the purchase of gold. Now, I don't own any real gold or even gold IRAs, but paper money is on its way to becoming worthless as its printed relentlessly to save the hides of a few high level politicians. Trust me TOS, these chickens will come home to roost, and its just a matter of time as to when.</p></blockquote><p></p>
[QUOTE="brett636, post: 1122462, member: 249"] TOS, UPS always tells us to get the big picture, and in this case you are definitely not seeing(or maybe just ignoring) the big picture. Precious metals like gold and silver are falling in price because countries that you would feel more at home in (read much more socialist) are experiencing the logical conclusions of their failed policies. They are in a big financial bind and can't pay their bills any longer so they are resorting to selling their valuable assets(read: Gold) in order to get back to treading water. Atleast until their continued failed ideas sink them again. This presents a simple supply and demand problem where the demand for gold is steady, and the supply has been tremendously increased. This will cause a temporary drop in price, and by temporary I mean it could be weeks, months, or even years before the price rebounds, but believe me it will rebound. This simply creates a great buy opportunity for those who have been interested or participating in the purchase of gold. Now, I don't own any real gold or even gold IRAs, but paper money is on its way to becoming worthless as its printed relentlessly to save the hides of a few high level politicians. Trust me TOS, these chickens will come home to roost, and its just a matter of time as to when. [/QUOTE]
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