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austrian123
Joined: 15 Oct 2010
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jaykimf
Joined: 24 Apr 2004
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 Posted: Mon Dec 13, 2010 10:37 am Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
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austrian123
Joined: 15 Oct 2010
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| Posted: Mon Dec 13, 2010 10:39 am Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| jaykimf wrote: |
| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
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I know why they would say something like that. Can you decipher the hidden message?
Waiting.... |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Mon Dec 13, 2010 11:26 am Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| austrian123 wrote: |
| jaykimf wrote: |
| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
|
I know why they would say something like that. Can you decipher the hidden message?
Waiting.... |
Promoting gold and silver on a random CE message board. Someone's got a lot of time on his hands. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Mon Dec 13, 2010 11:43 am Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| bucheon bum wrote: |
| austrian123 wrote: |
| jaykimf wrote: |
| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
|
I know why they would say something like that. Can you decipher the hidden message?
Waiting.... |
Promoting gold and silver on a random CE message board. Someone's got a lot of time on his hands. |
Yeah, that's what happens when you're rich. Besides, I'm helping people to protect their wealth.
Last edited by austrian123 on Mon Dec 13, 2010 12:05 pm; edited 1 time in total |
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jaykimf
Joined: 24 Apr 2004
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| Posted: Mon Dec 13, 2010 11:44 am Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| austrian123 wrote: |
| jaykimf wrote: |
| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
|
I know why they would say something like that. Can you decipher the hidden message?
Waiting.... |
That they are rational investors who have better sense than to try and extrapolate current market and economic conditions far into the future? That good long term investments are not so highly speculative? That they are admitting that they don't have a crystal ball that would allow them the degree of certainty about the future that some of the know it alls who post here have? |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Mon Dec 13, 2010 11:58 am Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| austrian123 wrote: |
| bucheon bum wrote: |
| austrian123 wrote: |
| jaykimf wrote: |
| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
|
I know why they would say something like that. Can you decipher the hidden message?
Waiting.... |
Promoting gold and silver on a random CE message board. Someone's got a lot of time on his hands. |
Yeah, that's what happens when you're rich. |
Right. Well have fun riding that bubble. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Mon Dec 13, 2010 12:05 pm Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| jaykimf wrote: |
| austrian123 wrote: |
| jaykimf wrote: |
| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
|
I know why they would say something like that. Can you decipher the hidden message?
Waiting.... |
That they are rational investors who have better sense than to try and extrapolate current market and economic conditions far into the future? That good long term investments are not so highly speculative? That they are admitting that they don't have a crystal ball that would allow them the degree of certainty about the future that some of the know it alls who post here have? |
That is certainly the perception that they are trying create, and which most people will buy into. But remember, that Goldman Sachs is one of the biggest banking crime syndicates in the world. In conjunction with the Federal government, Goldman Sachs and their buddies from JP Morgan, HSBC, Citibank all have played a hand in the manipulation of the metals markets. I wouldn't completely trust anything Goldman Sachs says. The banking elite own the media, please don't forget this very important fact.
And it seems more apparent than ever that CNBC/Wall St. Journal/et al have the average American convinced that gold is in a bubble.
I agree with Goldman Sachs that the price of gold will go up in 2012 (goldman sachs owns gold btw). And it may certainly go down beyond that. But as long as governments around the world are printing money as economic problems persist, gold and silver will only go up. With the coming collapse of the US bond market, where do you think that money will go? Gold and silver. Gold will eventually form a bubble and burst, but we're still along way from that. Take everything see and hear from the banker owned media with skepticism. Don't just believe everything because that is what you are told. |
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jaykimf
Joined: 24 Apr 2004
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| Posted: Mon Dec 13, 2010 12:33 pm Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| austrian123 wrote: |
| . Take everything see and hear from the banker owned media with skepticism. Don't just believe everything because that is what you are told. |
Skepticism is a very healthy thing. While I am skeptical of Goldman's ability to foresee the future, I am even more skeptical of the certainty with which you presume to make pronouncements about market conditions 5 years or more in the future. Frankly, Goldman simply makes more sense than you. |
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recessiontime
Joined: 21 Jun 2010
Location: Got avatar privileges nyahahaha
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| Posted: Mon Dec 13, 2010 1:41 pm Post subject: |
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| I honestly don't care what Goldman believes. I care why they believe what they believe. Precious metals going up in 2011? Well obviously... |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Tue Dec 14, 2010 5:27 pm Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| austrian123 wrote: |
[q
Yeah, that's what happens when you're rich. . |
Is that also why you want to work in Korea? |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Tue Dec 14, 2010 7:06 pm Post subject: |
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My mom is the ultimate contrarian indicator. She likes every investment just as it tops.
Last week she suggested I buy gold. So, for me that's about it. We'll see if her winning streak continues. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Thu Dec 23, 2010 5:22 pm Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| bucheon bum wrote: |
| austrian123 wrote: |
| bucheon bum wrote: |
| austrian123 wrote: |
| jaykimf wrote: |
| austrian123 wrote: |
| http://www.bloomberg.com/news/2010-12-13/goldman-sachs-predicts-best-commodity-returns-for-2011-in-precious-metals.html |
According to your source:
| Quote: |
| �However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term investment.� |
|
I know why they would say something like that. Can you decipher the hidden message?
Waiting.... |
Promoting gold and silver on a random CE message board. Someone's got a lot of time on his hands. |
Yeah, that's what happens when you're rich. |
Right. Well have fun riding that bubble. |
What is your definition of a bubble? If you really think gold is in a bubble then enlighten me with your logic.
Waiting.
Last edited by austrian123 on Thu Dec 23, 2010 5:27 pm; edited 1 time in total |
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austrian123
Joined: 15 Oct 2010
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| Posted: Thu Dec 23, 2010 5:26 pm Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| jaykimf wrote: |
| austrian123 wrote: |
| . Take everything see and hear from the banker owned media with skepticism. Don't just believe everything because that is what you are told. |
Skepticism is a very healthy thing. While I am skeptical of Goldman's ability to foresee the future, I am even more skeptical of the certainty with which you presume to make pronouncements about market conditions 5 years or more in the future. Frankly, Goldman simply makes more sense than you. |
Agreed that skepticism is healthy. Yes, I am very confident that gold and silver will continue to go up. I could list all my arguments as to why I think this is the case.
Btw...the US dollar has lost 97% of its value since the creation of the Federal Reserve and gold has moved up against ALL currencies over the last 10 years.
What is your argument for holding fiat currencies over gold?
Enlighten me.
Waiting. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Thu Dec 23, 2010 5:28 pm Post subject: Re: Goldman Sachs Predicts Best Precious Metal Returns for 2 |
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| TheUrbanMyth wrote: |
| austrian123 wrote: |
[q
Yeah, that's what happens when you're rich. . |
Is that also why you want to work in Korea? |
Yeah, I have nothing to do right now, so I want to do something easy...teaching esl in korea is as easy as it gets.
Anyone with a pulse can teach esl, so if I have money why would I stress
myself out with a stressful job? ESL is the way to go...so easy!!!!!!
I always wanted to go to Korea since I was 24, but I couldn't justify throwing my future away to go to Korea to teach ESL. Teaching esl is a blackhole...a career killer.
So as wise as I am, I decided to stay in Canada, develop my career and most importantly make money. It was never my intention to go to Korea with no money and bend over for my hagwon master because I needed the money.
I'm not a slave...I'm free! |
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