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Post Reply Gold Crash 2013
12789 cr points
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[not] China
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Posted 12/19/13
The economy is doing bad? Now that's news!
Wihl 
18770 cr points
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M / L5
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Posted 12/20/13
The economy is set up to tank. You can not pump trillions of pieces of worthless paper into the economy can call it money. Money is only created when someone accepts it for trade, else we are back to bartering goods directly.

The out of control printing press is what is making the economy "look" good, but where are the jobs and spending coming from, the ones who have the printing press.

The inflation I have seen over my life is the current dollar only is worth 3 cents in goods when I started working. The inflation has accelerated over the past few years. This has happen many times before in history. This is the reason for people's interest in gold, which can not be printed into oblivion.
325 cr points
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31 / M / Silent Hill, CA
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Posted 1/2/14 , edited 1/2/14
dang i lost $800 investing in gold :-(
7334 cr points
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25 / M / Taipei/London
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Posted 1/2/14 , edited 1/2/14
A lot of people buy gold for the purposes of security, or to have a more diverse portfolio. They are not as interested in these price fluctuations, as the people jumping on the bandwagon are. For them gold is for the long run (over the decades), and really isn't an investment. I think that's quite sensible, to have a small portion of your wealth in something considered stable over the centuries.

Gold always creates winners or losers anyway if you look at it as an investment.
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60 / USA
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Posted 1/2/14
Actually Uranium is at a low .
19835 cr points
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It doesn't matter.
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Posted 1/2/14
Invest in watches.
Very reliable.
7053 cr points
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38 / Inside your compu...
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Posted 1/4/14
Better than the gargantuan Ponzi scheme that is the stock market

Just keep pumping away till the next crash where money exchange pockets again, rinse and repeat
84355 cr points
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23 / M / This Dying World
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Posted 1/4/14
Silver is a better investment.
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60 / USA
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Posted 1/5/14
What goes up will come down.
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