Well with the end of quantitative easing coming to an end, interest rates will most likely increase giving greater returns on bonds again. This could sway some investors out of gold however China and India are so gold hungry at the moment and growing that i doubt it will affect the price much
@TWSceptic US got off the gold standard in 1971, gold in 1971 was 40 bucks then, now it is 1700 bucks, that is a 3700% price increase. Oh by the way, since 1971 the US national debt has increase 3700% as well. GOLD MATCHES INFLATION IN THE LONG TERM.
@edwardwills Gold is money and will more or less keep its value over thousands of years... However the price will likely go higher then just inflation compensation since there are now 100x more investors who can buy it, just think about what this will do to the price.
@edwardwills Correlation is not causation, but generally gold is a safe haven in uncertain times, high debt has the potential to cause problems so it will play a role. I'm not sure what the point is you are trying to make but that's how I see it.
1) I am getting the same Holding Period Return for the US Debt and for the Avg Gold price since 1971, both are up around 3700%. 2) SIDENOTE: When I took the data for the Avg Annual Gold price since 2001 and ran an exponential growth function trendline on it, I got around a 98% correlation since 2001. Meaning: AVG annual gold price for 2012 - $1750, for 2013 - $2100, 2014 - $2400 (Remember Price Projections are AVG ANNUAL PRICES for the years). However, since 2010 to 2011
@edwardwills .... However, since 2010 to 2011 Avg Annual Gold Price, I am seeing a faster pick up of the gold price appreciation slightly. The question is, will I also see a faster pick up in the US national debt for 2012. Eventually both will break the trend and go parabolic. ( I am surprised how many people are not just willing to look at my excel spreadsheet, as if, I am sending out a virus, or have a hidden agenda).
Absolutely unbelievable... Two dipshits talking out of their asses, and three pundits that don't know where there's is. Are these people really this stupid, or are they paid actors? A child can see that we're headed for massive inflation, if not hyperinflation, and gold and silver are on a rocketship to the moon.
We have the US printing money at record speed, We have soveriegn debt bankrupting nations. First Greece now Ireland soon Italy, Portugal, Then the biggy Spain. All these problems being temporarily swept away by a sea of counterfit money. Potential war in Korea, Iran developing nuclear weapons any day now. HA HA Gold & Silver is a bubble.Only about 1% of gold sold actually exists, the rest is just paper promises. If someone wants to dump the gold price back to $1000 Ill be backing up the truck.
rothschilds price fix gold daily. there has been a monopoly on gold for years. its all show and a way to sink your investments. scared of a dollar buy gold. then lose your butt in gold when rothschild flood the market. they dont want money anymore they have all the money and power already. now they want absolute control of everything. eveyr country is going through this stuff and passing bad legislation everywhere.
-I think you may want to look up the definition of 'monopoly'.
"they dont want money anymore they have all the money and power already. now they want absolute control of everything."
- Again you may want to look up the definition of 'all'. And think about the difference between having "all the money and power" and "absolute control of everything". The internal contradictions of your conspiracy theory would be laughable if it weren't so sad.
"Way up" verses what? Do you mean 'way up' in relation to Sal Bando trading cards. My advice - stay diversified so that liquidity doesn't become a problem.
Gold (and more important silver) are going to go WAY UP over the next 2-5 years. Gold bubble? Are you kidding me? No one owns gold yet. It will be years before anyone has to worry about a gold bubble. Get in now, gold is still dirt cheap.
As my wife would say "do you guys know how to calculate or not" - it appears people have problem factoring in loss opportunity cost and time value of money.
It doesn't matter how much gold someone owes, it will never be used as a medium of exchange. Gold is not money - it's a fiat commodity. It is highly leveraged and the price has little to do with the physical supply and demand. "But it will go up in the long run" so will your house that you bought in 2005. By the way we're all dead in the long run.
These people don't even know the definition of a bubble in economics. Its impossible for gold to bubble because it is real money. Its just responding to the relative value of the dollar. If the dollar temporarily goes up (because they lied about unemployment stats) then gold goes down. When you look at how much gold is in the world vs how many people want it, there simply isn't enough to go around and that ENSURES the price will remain high long term.
My Christmas prayer...Dear Lord...Please enlighten and educate dipshits like tkdmike...people who speak out of their ass and are sheeple who are too ignorant to listen to facts because they are too busy kissing obama's phony nigerian ass. Please send us more Patriots like Beck, Hannity, Limbaugh, and O'Reilly. In Jesus name, AMEN
lol... 25% chance it may hit 1300... lol, numbers out of a hat, seemingly no understanding of fundamentals... zero mention of central banks. 75% of statistics are made up on the spot.
Does anyone take these talking models (elderly) seriously? They never talked about a housing bubble for nearly 10 years!!! I love the way they just say that it is a bubble (which they need to prove first) and then go on to speculate if the bubble burst. Did that Jim Bear Sterns Cramer get fired yet? He is a more pernicious form of Bernie Medoff. CNBC is a total fraud.
Well I bought some today when it was 1144 then I got on the internet a few hours later to find it went down to 1120! I was irritated although I know it will go up in the long run so i'm not worried about it.
Its hillarious how cnbc is calling it the gold bubble, hahahahah. Housing was unaffordable to 99% of Americans in 2006 and they never mentioned not one word of bubble. Oil was at 147 a barrel and not one word of bubble. The nasdaq was at 5000 and maria bartiromo was on everyday telling people to get in stocks. Now gold is where it was in 1980 and its a bubble, lolololol. CNBC is so discredited its not even funny anymore.
@Exposethefrauds Exactly! And gold never was in a bubble, it basically CAN'T be in a bubble. It's technically impossible. The only thing that can happen is that the fed raises interest rates. That could lower gold prices. But the reality of course is they won't.
I believe gold has just started its run. I think the next couple of months will really tell whether this is short or long term gain for gold. Just my speculation.
As I look at this now, I realize that they were arguing about such an insufficient price of 50 USD on a gold price swing. hahah
edwardwills 2 weeks ago
you are making 40 pc profit if you wait for may 2010
jimxuan88 9 months ago
Well with the end of quantitative easing coming to an end, interest rates will most likely increase giving greater returns on bonds again. This could sway some investors out of gold however China and India are so gold hungry at the moment and growing that i doubt it will affect the price much
Slague1 9 months ago
@Slague1 "interest rates will most likely increase"
Don't count on it.
TWSceptic 2 months ago
@TWSceptic hahaha
edwardwills 2 weeks ago
@edwardwills Yes, it looks like I predicted that one correct, as the fed said the same lately.
TWSceptic 2 weeks ago
This has been flagged as spam show
@TWSceptic US got off the gold standard in 1971, gold in 1971 was 40 bucks then, now it is 1700 bucks, that is a 3700% price increase. Oh by the way, since 1971 the US national debt has increase 3700% as well. GOLD MATCHES INFLATION IN THE LONG TERM.
edwardwills 2 weeks ago
@edwardwills Gold is money and will more or less keep its value over thousands of years... However the price will likely go higher then just inflation compensation since there are now 100x more investors who can buy it, just think about what this will do to the price.
TWSceptic 2 weeks ago
@TWSceptic I got a 98% correlation of gold and US national debt.
If you are interested I can send you my excel file data worksheet for gold, silver, crude oil, and the national debt.
William
29
FL
edwardwills 2 weeks ago
@edwardwills Correlation is not causation, but generally gold is a safe haven in uncertain times, high debt has the potential to cause problems so it will play a role. I'm not sure what the point is you are trying to make but that's how I see it.
TWSceptic 2 weeks ago
@TWSceptic
1) I am getting the same Holding Period Return for the US Debt and for the Avg Gold price since 1971, both are up around 3700%. 2) SIDENOTE: When I took the data for the Avg Annual Gold price since 2001 and ran an exponential growth function trendline on it, I got around a 98% correlation since 2001. Meaning: AVG annual gold price for 2012 - $1750, for 2013 - $2100, 2014 - $2400 (Remember Price Projections are AVG ANNUAL PRICES for the years). However, since 2010 to 2011
edwardwills 2 weeks ago
@edwardwills .... However, since 2010 to 2011 Avg Annual Gold Price, I am seeing a faster pick up of the gold price appreciation slightly. The question is, will I also see a faster pick up in the US national debt for 2012. Eventually both will break the trend and go parabolic. ( I am surprised how many people are not just willing to look at my excel spreadsheet, as if, I am sending out a virus, or have a hidden agenda).
edwardwills 2 weeks ago
Absolutely unbelievable... Two dipshits talking out of their asses, and three pundits that don't know where there's is. Are these people really this stupid, or are they paid actors? A child can see that we're headed for massive inflation, if not hyperinflation, and gold and silver are on a rocketship to the moon.
maidenak 10 months ago
DUMB FUCKS
charlesfuchs 10 months ago 2
They shall cast their silver into the streets, and their gold shall be [discarded] like an unclean thing or rubbish;Ezekiel 7:19 (Amplified Bible)
SEETHETRUTHb42LATE 11 months ago
@SEETHETRUTHb42LATE That verse is speaking specifically about the nation of Israel. Probably because of their il-gotten gains.
Pfsif 8 months ago
We have the US printing money at record speed, We have soveriegn debt bankrupting nations. First Greece now Ireland soon Italy, Portugal, Then the biggy Spain. All these problems being temporarily swept away by a sea of counterfit money. Potential war in Korea, Iran developing nuclear weapons any day now. HA HA Gold & Silver is a bubble.Only about 1% of gold sold actually exists, the rest is just paper promises. If someone wants to dump the gold price back to $1000 Ill be backing up the truck.
ChrisPCrunchy 1 year ago
This is incredible.
SuperApparition 1 year ago
This was a conversation back in December 2009...too late gold is 1372 an oz as of Oct 2010 and the dollars is globally hands off.
wongleebruce 1 year ago
I await the Gold Bubble! It will burst and go up to around 50,000$ an oz.
I await the Silver Bubble! It will burst and silver will go up beyond 5,000$ an oz
I await the Dollar Bubble! It will burst and go down to the value of toilet paper.
TheTrueJBV3737 1 year ago 3
CNBC = Crap news before crash
Riddlerx333x 1 year ago 2
corrective faze,lol yea wher going to see a big correction coming when the value of the dollar gos down 40%
AlbertInSanAntonio 1 year ago
Seems simple to me If you want the dollar value of gold to drop just stop printing more dollars.
InspireImages 1 year ago
It appears that CNBC just got a directive from the Fed Bank to start talking down gold.
frankabler 2 years ago
"GLD" is an ETF, it isn't real gold. CNBC is a bunch of schisters.
iamsilverback 2 years ago
CNBC should go bankrupt. it represents hate and evil.
stealthpakfa 2 years ago
LoL @ Gold bubble... people are cashing in on a well made profit to pay off some debts ie credit cards etc... it will be heading back up no doubt.
L4k3rF4N 2 years ago
gold is already going up back now
stealthpakfa 2 years ago
rothschilds price fix gold daily. there has been a monopoly on gold for years. its all show and a way to sink your investments. scared of a dollar buy gold. then lose your butt in gold when rothschild flood the market. they dont want money anymore they have all the money and power already. now they want absolute control of everything. eveyr country is going through this stuff and passing bad legislation everywhere.
scourtle 2 years ago
"there has been a monopoly on gold for years"
-I think you may want to look up the definition of 'monopoly'.
"they dont want money anymore they have all the money and power already. now they want absolute control of everything."
- Again you may want to look up the definition of 'all'. And think about the difference between having "all the money and power" and "absolute control of everything". The internal contradictions of your conspiracy theory would be laughable if it weren't so sad.
verstwo2 2 years ago
"Way up" verses what? Do you mean 'way up' in relation to Sal Bando trading cards. My advice - stay diversified so that liquidity doesn't become a problem.
planetcave 2 years ago
Gold (and more important silver) are going to go WAY UP over the next 2-5 years. Gold bubble? Are you kidding me? No one owns gold yet. It will be years before anyone has to worry about a gold bubble. Get in now, gold is still dirt cheap.
onetondrumbum 2 years ago
As my wife would say "do you guys know how to calculate or not" - it appears people have problem factoring in loss opportunity cost and time value of money.
planetcave 2 years ago 2
what do u mean, saying its value will not hold, or you compare it to your house having value in the future.
True but point is you cant carry your house in your pocket. Its high value in tiny quantity.
If you look at it that way, nothings worth anything except food. But humans have more values than food.
majortom321 2 years ago
It doesn't matter how much gold someone owes, it will never be used as a medium of exchange. Gold is not money - it's a fiat commodity. It is highly leveraged and the price has little to do with the physical supply and demand. "But it will go up in the long run" so will your house that you bought in 2005. By the way we're all dead in the long run.
planetcave 2 years ago
These people don't even know the definition of a bubble in economics. Its impossible for gold to bubble because it is real money. Its just responding to the relative value of the dollar. If the dollar temporarily goes up (because they lied about unemployment stats) then gold goes down. When you look at how much gold is in the world vs how many people want it, there simply isn't enough to go around and that ENSURES the price will remain high long term.
Recon777x 2 years ago
Its an Obamanation GAME the joke is on America
Obama was selected by the FED through all the media they own
HR1207 Audit the traders
Allamericom 2 years ago
My Christmas prayer...Dear Lord...Please enlighten and educate dipshits like tkdmike...people who speak out of their ass and are sheeple who are too ignorant to listen to facts because they are too busy kissing obama's phony nigerian ass. Please send us more Patriots like Beck, Hannity, Limbaugh, and O'Reilly. In Jesus name, AMEN
TheNRA4ever 2 years ago
lol... 25% chance it may hit 1300... lol, numbers out of a hat, seemingly no understanding of fundamentals... zero mention of central banks. 75% of statistics are made up on the spot.
cankorgbr 2 years ago
Does anyone take these talking models (elderly) seriously? They never talked about a housing bubble for nearly 10 years!!! I love the way they just say that it is a bubble (which they need to prove first) and then go on to speculate if the bubble burst. Did that Jim Bear Sterns Cramer get fired yet? He is a more pernicious form of Bernie Medoff. CNBC is a total fraud.
StyngRay1 2 years ago
if it goes down....BUY MORE!
DecimusAquila 2 years ago
I was going to buy , last wednesday. I forget exactly what day but it was when gold was $1215.
Im glad i didnt buy then, however, I still think theres a chance it could slip a bit more.
Im gonna wait another few weeks
majortom321 2 years ago
Well I bought some today when it was 1144 then I got on the internet a few hours later to find it went down to 1120! I was irritated although I know it will go up in the long run so i'm not worried about it.
DecimusAquila 2 years ago
CNBC is a terrorist organisation.
stealthpakfa 2 years ago 2
Its hillarious how cnbc is calling it the gold bubble, hahahahah. Housing was unaffordable to 99% of Americans in 2006 and they never mentioned not one word of bubble. Oil was at 147 a barrel and not one word of bubble. The nasdaq was at 5000 and maria bartiromo was on everyday telling people to get in stocks. Now gold is where it was in 1980 and its a bubble, lolololol. CNBC is so discredited its not even funny anymore.
Exposethefrauds 2 years ago 16
Exactly...that's why Fox News is CRUSHING CNBC in ratings. O'Reilly has more viewers than ALL CNBC shows COMBINED !!
TheNRA4ever 2 years ago
Fox news ahahahahaha. Glenn Beck :3
vcdrob 2 years ago
why do people still watch Fox or CNBC? O'Reilly has more viewers? now i know why americans are so fucking retarded.
sickvenom1980 2 years ago 3
@Exposethefrauds Exactly! And gold never was in a bubble, it basically CAN'T be in a bubble. It's technically impossible. The only thing that can happen is that the fed raises interest rates. That could lower gold prices. But the reality of course is they won't.
TWSceptic 2 months ago
@tkdmike
Aren't Christians wonderful?
twk373 2 years ago
Its not a fucking bubble its only up because the American dollar has gone down. THATS IT therefore its NOT A BUBBLE LOL
i mean lmao thats hilarious.
audiohi 2 years ago
1980's Inflation adjusted Gold 2300 Dollars an ounce and silver 130 dollars an ounce!
I won't be surprised to see gold at 5000 dollars an ounce in 3 years time!
Hendo1974 2 years ago 3
gold is not even high enough adjusted for inflation, what bubble are we talking about?
spol07 2 years ago 3
buy gold buy gold ALERT!!!
debtinterest 2 years ago 2
if we hit a bubble why then are countries buying so much??
cbr6864 2 years ago 12
I believe gold has just started its run. I think the next couple of months will really tell whether this is short or long term gain for gold. Just my speculation.
EndTheFedRes 2 years ago 4