Gold Prices Plummet to 50 dollars an ounce

[tonymctones]

did you seriously just post an org chart and say it looks like a pyramid scheme?

LMFAO, about as logical as anything else youve posted on gold or finance I guess so we shouldnt be surprised

[Vince G, CSN MFT]

did you seriously just post an org chart and say it looks like a pyramid scheme?

LMFAO, about as logical as anything else youve posted on gold or finance I guess so we shouldnt be surprised

She is right about that chart.  A average job is always a pyramid scheme...people unqualified get promoted if they suck up, you never get paid what you are worth and you can be laid off from your job anytime like I was from Alltel in 2007.

That's why I run my online business for....so I have control over what I make and not anyone else

[dario73]

When the zombies and southern baptists come, I'm going to load up on food gas and ammo.  You can keep the damn infomercial, re-issued, buffalo indian headed, 99% pure, replica coins.

Southern baptists won't be here at that time. They are far from being a threat.

[avxo]

Just because I don't have a job... BY CHOICE, doesn't mean I've never worked. I do work.

Doing what? Posting marketing fluff about plastic-encased gold flakes on a message board about bodybuilding? Please...

I'm an entrepreneur. That's what you're called when you own a business, call your own shots, and aren't employed by someone else

Apparently, your only "business" (and I use the term loosely) involves posting marketing material about plastic-encased gold on a message board about bodybuilding. Frankly, it's no different that what a highschool kid who wears a burrito costume and stands on the sidewalk spinning a paper sign does. The only difference is he gets paid and doesn't pretend to be an expert on burritos.

A JOB in my books stands for Just Over Broke. No Thank You

Your sheer talent in the construction of acrostics has convinced me... whatever you're peddling, I'll take 8!

Lies, slander, and unwarranted character assassination attempts do a tremendous disservice to readers here, so stop writing a check your ass may be legally required to cash. And those who moderate this forum should not permit this type of character assassination to take place lest they be viewed as equal accomplices to the slander & libel, and equally liable.

Since you're now trying to appear to be an expert on libel law too, let me ask you something: do you dispense advice in 1 gram flakes, neatly packaged in a plastic card by LegalBars™?

In all seriousness, I was about to caution you against speaking out on subjects that you are completely uneducated about, lest you look like an idiot. And then I realized that looking like an idiot isn't the biggest problem that you have.

She is right about that chart.  A average job is always a pyramid scheme...people unqualified get promoted if they suck up, you never get paid what you are worth and you can be laid off from your job anytime like I was from Alltel in 2007.

I don't think that "pyramid scheme" means what you think it means.

That's why I run my online business for....so I have control over what I make and not anyone else

Yay! 

[tonymctones]

She is right about that chart.  A average job is always a pyramid scheme...people unqualified get promoted if they suck up, you never get paid what you are worth and you can be laid off from your job anytime like I was from Alltel in 2007.

That's why I run my online business for....so I have control over what I make and not anyone else

LMFAO, im not disagreeing with the fact that ppl who suck up sometimes get promoted just like you cant disagree with the fact that ppl who work hard and deserve promotions get promoted to.

A normal business is nothing like a pryamid scheme, maybe your misunderstandings is a reason why you didnt get promoted.

you also have the ability to leave and find a better job with more job security if you would like.

Hey how about this?

get skills, abilities, experience and knowledge that make you hard to replace. I bet you would be more likely to get promoted then as well.

I know its a crazy sounding plan but ppl have been doing it for centuries so there must be something to it...

[Jon Harridan]

Doing what? Posting marketing fluff about plastic-encased gold flakes on a message board about bodybuilding? Please...


Apparently, your only "business" (and I use the term loosely) involves posting marketing material about plastic-encased gold on a message board about bodybuilding. Frankly, it's no different that what a highschool kid who wears a burrito costume and stands on the sidewalk spinning a paper sign does. The only difference is he gets paid and doesn't pretend to be an expert on burritos.


Your sheer talent in the construction of acrostics has convinced me... whatever you're peddling, I'll take 8!


Since you're now trying to appear to be an expert on libel law too, let me ask you something: do you dispense advice in 1 gram flakes, neatly packaged in a plastic card by LegalBars™?

In all seriousness, I was about to caution you against speaking out on subjects that you are completely uneducated about, lest you look like an idiot. And then I realized that looking like an idiot isn't the biggest problem that you have.


I don't think that "pyramid scheme" means what you think it means.


Yay! 

Why not try making money at the roulette table?

[24KT]

I hope all of you paid close attention to what happened to GOLD on Friday.
In case you missed it, ...it shot up $66.10 in one day! The high point was $70, then it pulled back.

So let me see, ...it dropped by $50 an ounce, making it less expensive to acquire,
...then shot up by $66.10 an ounce. Basic 3rd grade math tells me that overall, GOLD is up... like I knew it would be. That's why I don't worry in the least about temporary pullbacks, ...infact, I welcome them.

Just wait and see what starts to happen next, ...it's gonna be one hell of a ride, ...especially now that GOLD is back on the table as a possible means of either collateral or settlement for sovereign debt issues. A revaluation is imminent. More likely sooner than later.

And let's not forget the fact that now the FED, the largest holder of US Debt is demanding that banks purchase US Debt. It seems now the banks are being ordered to buy toxic debt. It was bad enough before when no one knew those CDO's were toxic, ...but now they now the US Debt is toxic and can never be repaid, but they are being ordered to buy it, or face audits & scrutiny they know they will not be able to stand up to.

It's just another toxic CDO, ...only this time, the collateral for these debt obligations is YOUR savings and labour... and that of your children, ...and grandchildren etc.,

Looks to me like the FED is attempting to reinflate a treasury bubble, so I'll be sticking to GOLD.

When that treasury bubble pops... LOOK OUT!
I call it the treasuries trap, and I plan to stay well away from it.

[avxo]

I'd hardly call an ~3% move "shooting up"... As for your basic third grade math, you probably don't know about fancy things like percentages, but what it boils down to is that over a period of a few days gold climbed by about $11 or so, which translates to an astronomical rise of... wait for it... about 0.68%.

There seems to be significant price resistance above $1700 and certainly above $1900. Barring some short of extraordinary event that isn't already factored into the price of gold right now (something like Auric Goldfinger's plot from the James Bond movie executed succeessfully, no doubt by an equally flamboyant and rotund villain) gold isn't breaking $2000 in the next twelve months.