Why isn't Gold limit up with fed move?
- Thread starter The Kin2
- Start date
google "priced in."
because the concept of 'precious metal' will be a thing of history eventually.
When I hear people on Radio push gold to the public every day, you know the end is near... who is left to be the greater fool?
from industrial use standpoint, gold is about as valuable as copper, which is $3 a pound.
When I hear people on Radio push gold to the public every day, you know the end is near... who is left to be the greater fool?
from industrial use standpoint, gold is about as valuable as copper, which is $3 a pound.
LOL,
I'll take the gold over the T.P.
any day.:eek:
I'll take the gold over the T.P.
any day.:eek:
Quote from sumosam:
The usd had the kitchen sink thrown at it last week...and it ended up. I used to be a gold permabull. Now I just let the market tell me what its going to do.
From here on in its not so much a USD story. Most central banks are considering rate cuts, so theres a good chance USD index will tread water between 74-78. But ALL currencies will devalue against gold. If people don't accept the value of gold, do they accept the logic of cutting down a tree worth a few thousand dollars, putting green ink on it and calling it a few million dollars? Don't let the previous scars cloud your judgement.