What could possibly kill gold? Name one

schizo · Mar 14, 2011

Quote from thriftybob:

Short term, no, gold prices can easily be manipulated via leasing and futures, and until globally, overall, those with money distrust the paper promises enough that they decide to hold physical metal, the game will still work.

Long term, yes, I expect to see $5000 gold within 5 to 10 years, because I think the paper money and debt Ponzi scheme will end in the distrust of all paper money and paper promises.

As a speculator, I can only say that the gold futures is beginning to look weak. Unless 1450 is broken, the short bias remains in play. Once 1400 is breached, the bear cycle will have begun.

PocketChange · Mar 14, 2011

Implementing a new world reserve currency based on IMF's SDR would put gold in check and at minimum peg its value.

number22 · Mar 14, 2011

government confiscation.

nazzdack · Mar 14, 2011

Quote from thriftybob:
----As time goes by, the higher grade mines are mined out and that leaves the lower grade deposits that had been previously passed by.
----as the cost of energy rises, it takes the cost of both mining and building mines way up with it.

At what price per ounce is it economically feasible to "manufacture" gold via alchemy?

:eek:

thriftybob · Mar 14, 2011

Quote from nazzdack:

At what price per ounce is it economically feasible to "manufacture" gold via alchemy? :eek:

It would take the heat of a sun and a fusion reaction, I would think

rew · Mar 14, 2011

Quote from nazzdack:

At what price per ounce is it economically feasible to "manufacture" gold via alchemy? :eek:

I don't know the actual numbers but I'm sure it's far above $10,000 ounce. In fact, a few years back rhodium was going for $10,000 an ounce yet nobody found it worthwhile to create rhodium via nuclear reactions.

schizo · Mar 15, 2011

Quote from schizo:

As a speculator, I can only say that the gold futures is beginning to look weak. Unless 1450 is broken, the short bias remains in play. Once 1400 is breached, the bear cycle will have begun.

Gold is tanking!!!

And we're trading below 1400. Suppose that it closes below 1400, then the bear cycle, however short it may be, is in full swing. Good luck!

Tsing Tao · Mar 15, 2011

Quote from schizo:

Gold is tanking!!!

And we're trading below 1400. Suppose that it closes below 1400, then the bear cycle, however short it may be, is in full swing. Good luck!

stop it. gold could easily go to 1320 and still be just fine without any significant technical breakdown.

schizo · Mar 15, 2011

Quote from Tsing Tao:

stop it. gold could easily go to 1320 and still be just fine without any significant technical breakdown.

As I said already, I never felt serious about gold until now. Call it a trader's hunch but I feel it just might be different this time. Well, take it with a large grain of salt should you please.

thriftybob · Mar 15, 2011

The point is that they could temporarily take it down to low $1300's to scare people out of it, but somewhere there, they will need to cover before the rest of the world decides gold its too cheap.

Considering that every day, the value of the dollar is being destroyed another $5 to 7 billion, its easy to see that the long term favors upside in gold.