Soros says gold "isn't safe"

[Larson]

Don't ya' think trading this metal is an exercise in futility at this point? Better to buy on pullbacks and hold, selling a portion into strength.

 

[sumfuka]

Quote from Debaser82:

Gold isnt rising, it's that crappy USD that is collapsing.

+1

 

[Debaser82]

Quote from Debaser82:



If one were to ask me which mine I would buy now if I had to chose one would be GBG, who are in the process of exploration mine to producing one but one should ofcourse do his own due dilligence on the matter I am sure my reasoning behind my stockpicking is rather unconventional and not suited to all.

Cheers.

Barrons just labeled GBG a buy.

http://www.phongpo.com/2010/10/09/gold-price-a-golden-era-for-the-yellow-metal/

Up 8%.

Still room to go higher but obviously I am biased since I own it.

Soros owns it as well btw.

 

[Ghost of Cutten]

Quote from achilles28:

There is nothing "speculative" about an unprecedented monetary base, deficit, national debt, and a soon-recovered American consumer. Do the math, and you'll understand there's a lot more to Gold 1300$ than merely specs. You don't think CB's desperately tried to sell GLD under 1K to assuage inflationary concerns? They tried, and China and India bought it up. Happily. Gold has nowhere to go but up. We crash to the '09 lows and Bernackes precious Wallstreet Bankers get axed. You think he's gonna let that happen?? We're boxed-in. Upside will happen. Just a matter of time. But GLD under expansionary credit is somehow bearish?!?! LOL

When replying to someone's post, it helps to actually address the points they made in it, rather than talk about something completely unrelated that they never even said. Just a tip.

 

[psytrade]

Didn't you know? - Gold is <Silly Puttty</B> It fixes all Central Bank's mistakes.

 

[peilthetraveler]

Gold is up over $100 per oz in just under 1 month since Soros said gold isnt safe. Perhaps he should've elaborated that Gold isnt safe...to short.

 

[achilles28]

Quote from Ghost of Cutten:

When replying to someone's post, it helps to actually address the points they made in it, rather than talk about something completely unrelated that they never even said. Just a tip.

My bad. I jumped the gun on that one.

Gold making all time highs as we speak.

 

[Debaser82]

Quote from Debaser82:

Barrons just labeled GBG a buy.

http://www.phongpo.com/2010/10/09/gold-price-a-golden-era-for-the-yellow-metal/

Up 8%.

Still room to go higher but obviously I am biased since I own it.

Soros owns it as well btw.

It's above 3$ and breaking out.

This stock could easily see 10$ a share should the run in gold continue imo.

 

[alexandercho]

Quote from Debaser82:

It's going to 5K.

http://www.martinarmstrong.org/files/GOLD-5000-11-11-09.pdf

Martin Armstrong is the best.

I bet Soros reads his work.

I am liking Martin Amstrong already. His comment stated " is is why gold is the hedge against government, but should "never" be the official standard of government money."

Makes perfect sense, something most gold bulls fail to acknowledge. Like Gordan Gecko says "ideals spoil a good deal."

 

[bone]

I used to admire Soros and bought his books in the first week of release; in the past several years my opinion of him has shifted dramatically - he seems hypocritical and deceptive. Maybe it's his political bent.