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jim_we
Joined: 06 May 2004
Location: Korea
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 Posted: Sun Sep 14, 2008 8:03 pm Post subject: Buy Your Gold Now! It's Going to Skyrocket! |
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The drop in gold prices are starting to bottom, last week gold dropped below it's 200 and 300 day moving averages. But has reached support level. The dollar is set to drop and gold & silver prices will bounce up again. The rising dollar and price of commodities going down has been a pre-election suckers rally. Shorts have been in record territories.
All the big boys on Wall St.; Lehman Bros, AIG, Merril Lynch all going down, etc... Gold has only one place to go, straight up. Those of you who are wondering what the hell to do with your declining won, go to one of those mom and pop jewelery shops and plunk it down on some of those small ingots of 99.99% gold.
Just make sure the price isn't too high. Places like kitco.com give current gold prices. Check that, take a calculator and check the won conversion rate against the price of gold--and buy what you can. If they charge too much for gold, go to another shop.
In a few months, you'll be glad you did. |
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the_beaver
Joined: 15 Jan 2003
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| Posted: Sun Sep 14, 2008 10:30 pm Post subject: Re: Buy Your Gold Now! It's Going to Skyrocket! |
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| jim_we wrote: |
The drop in gold prices are starting to bottom, last week gold dropped below it's 200 and 300 day moving averages. But has reached support level. The dollar is set to drop and gold & silver prices will bounce up again. The rising dollar and price of commodities going down has been a pre-election suckers rally. Shorts have been in record territories.
All the big boys on Wall St.; Lehman Bros, AIG, Merril Lynch all going down, etc... Gold has only one place to go, straight up. Those of you who are wondering what the hell to do with your declining won, go to one of those mom and pop jewelery shops and plunk it down on some of those small ingots of 99.99% gold.
Just make sure the price isn't too high. Places like kitco.com give current gold prices. Check that, take a calculator and check the won conversion rate against the price of gold--and buy what you can. If they charge too much for gold, go to another shop.
In a few months, you'll be glad you did. |
My ass. |
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jim_we
Joined: 06 May 2004
Location: Korea
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| Posted: Sun Sep 14, 2008 10:33 pm Post subject: Re: Buy Your Gold Now! It's Going to Skyrocket! |
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| the_beaver wrote: |
| jim_we wrote: |
The drop in gold prices are starting to bottom, last week gold dropped below it's 200 and 300 day moving averages. But has reached support level. The dollar is set to drop and gold & silver prices will bounce up again. The rising dollar and price of commodities going down has been a pre-election suckers rally. Shorts have been in record territories.
All the big boys on Wall St.; Lehman Bros, AIG, Merril Lynch all going down, etc... Gold has only one place to go, straight up. Those of you who are wondering what the hell to do with your declining won, go to one of those mom and pop jewelery shops and plunk it down on some of those small ingots of 99.99% gold.
Just make sure the price isn't too high. Places like kitco.com give current gold prices. Check that, take a calculator and check the won conversion rate against the price of gold--and buy what you can. If they charge too much for gold, go to another shop.
In a few months, you'll be glad you did. |
My ass. |
Yes, you are................ |
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the_beaver
Joined: 15 Jan 2003
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| Posted: Sun Sep 14, 2008 10:34 pm Post subject: Re: Buy Your Gold Now! It's Going to Skyrocket! |
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| jim_we wrote: |
| Yes, you are................ |
Dude, that makes no sense... |
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jim_we
Joined: 06 May 2004
Location: Korea
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| Posted: Sun Sep 14, 2008 10:35 pm Post subject: Re: Buy Your Gold Now! It's Going to Skyrocket! |
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| the_beaver wrote: |
| jim_we wrote: |
| Yes, you are................ |
Dude, that makes no sense... |
Yes, you do................... |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Mon Sep 15, 2008 4:45 am Post subject: |
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Man, you used bad reasons to buy gold. Lehman Bros is bankrupt, AIG is in trouble, and Merril Lynch was saved by Bank of America...
If the Wall Street big boys are so smart, why are they going belly up like dead fish? |
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Socks
Joined: 15 May 2008
Location: somewhere in here...
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| Posted: Mon Sep 15, 2008 4:47 am Post subject: |
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and while you are at it - why not buy silver and platinum too...
and in one year - try to sell it to someone??
who will buy it from you? the bank - NO..
the 7-11? NO..
who will buy it back from you? |
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Tiberious aka Sparkles
Joined: 23 Jan 2003
Location: I'm one cool cat!
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| Posted: Mon Sep 15, 2008 4:50 am Post subject: |
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| Socks wrote: |
and while you are at it - why not buy silver and platinum too...
and in one year - try to sell it to someone??
who will buy it from you? the bank - NO..
the 7-11? NO..
who will buy it back from you? |
A reverse alchemist? |
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justaguy
Joined: 01 Jan 2008
Location: seoul
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| Posted: Mon Sep 15, 2008 5:30 am Post subject: |
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This post has nothing to do with living in Korea.
It should be deleted. |
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Beeyee
Joined: 29 May 2007
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| Posted: Mon Sep 15, 2008 8:44 am Post subject: |
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| I for one agree. Put at least 30% of your assets in PM. But hey, if you are dumb enough to keep it in paper, that's your choice! |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Mon Sep 15, 2008 9:47 am Post subject: |
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| justaguy wrote: |
This post has nothing to do with living in Korea.
It should be deleted. |
Actually, it has everything to do with living in Korea. Everyone should have at least enough precious metals to get home, even if it's riding home on a container ship, in the event of a currency collapse.
Metals, especially silver, are so cheap right now. The upside potential is so much more than the downside potential which is a lot more than can be said for the won, the US dollar, the Euro, or the pound. |
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cheeseface
Joined: 13 Jan 2008
Location: Ssyangnyeon Shi
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| Posted: Mon Sep 15, 2008 11:02 am Post subject: |
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Why do people care about something you can dig out of the earth?
The gold market is like the diamond markets......not in anyones control on this site......ever... 
Unless you run the gold and diamond companies  |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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jvalmer
Joined: 06 Jun 2003
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| Posted: Mon Sep 15, 2008 3:44 pm Post subject: |
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| If the US dollar goes, we're all screwed. |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Mon Sep 15, 2008 6:52 pm Post subject: |
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| If the dollar depreciates, then you get more dollars for your Korean won, unless the Won goes down with it. The Won seems to have some correlation with the US dollar since the Korean economy is dependent on America buying most of it's exports. This is what made Korea filthy rich. |
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