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REPORT ABUSIVE REPLY
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Message Subject
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Gold's Next Precipitous Crash Just Days or Weeks Away
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Poster Handle
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Punk-A$$ets |
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Post Content
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gold cant make any profit and its really useless, people get panicked now and selling their gold, its too late to sell your gold. demand for gold will drop to zero
Quoting: Anonymous Coward 37830302 you are just going to encourage the goldtards. Demand won't drop to zero. People will always like to decorate things with gold. If all the central banks stopped their antiquated hoarding of gold bars and dumped them on the market... they won't be doing this... gold would drop sub 100 dollars and mainly be used for jewelry. Now, some people are delusional enough to believe "gold is money", which is retarded. It will never be money again. The sole reason it ever was money was because how highly the Egyptians revered it, they thought their gods were made out of it. It the Americas gold was always worthless until the Europeans came. Its really much simpler than people make it. The gold price was set free in 1971. It went up 25X in 10 years. Got into a bubble and popped. Bottomed at $250 and has currently risen 7.7X before being overbought again. The DOW has gone up 14X since 1980 and should rise much further. For gold to repeat its 1980 run it'd have to go up to $6250.00. If it just does what the DOW has done (14X) we're looking at $3500 (Sinclairs most recent target). Bread doubled every 10 years since 1971 give or take 10%. ON A LONG ENOUGH TIME LINE ALL TANGIBLE THINGS RISE AGAINST THE DOLLAR. ALL OF THEM. ITS JUST THAT SIMPLE. This is just a natural MAJOR correction for gold.
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