glenn beck

[punked]

There are other people saying Obama's spending will ruin the US. I just used Beck since this is a Beck thread. Apparently you are not familiar with Schiff. Nevermind, all is well, happy days are here again!

Again Schiff the same guy who said 10,000 dollar gold by the end of the year. HAHAHAHA yeah that is the guy I will listen to. Nope.

[sharkman]

I also hate to burst your bubble but the Dow is also up 22% this year. You are making a terrible argument you should argue the 2 year price of gold, because you wouldn't want to go back 5 years when the price crashed. Gold will crash again because it has no real use beside to people like you who think it is an investment. It isn't it is a place to park your money so it doesn't devalue in tough markets. Money traders know that and have parked there when the markets recover they will pull out and people who bought into Beck will be tough out of luck.

Punked, are you aware that the DOW dropped a thousand points in one day recently before partially recovering? Are you aware that it dropped over three hundred points in one day this week? What is your theory about this if it doesn't mean bad news?

[punked]

Punked, are you aware that the DOW dropped a thousand points in one day recently before partially recovering? Are you aware that it dropped over three hundred points in one day this week? What is your theory about this if it doesn't mean bad news?

Happens to gold all the time. In 79 gold dropped by close to 200%. It had almost the same ramp up we see today, again a time when people were parking their money and for no other reason.

Edited May 21, 2010 by punked

[BubberMiley]

Punked, are you aware that the DOW dropped a thousand points in one day recently before partially recovering? Are you aware that it dropped over three hundred points in one day this week? What is your theory about this if it doesn't mean bad news?

Since you apparently don't know, the brief, inexplicable 1000-point drop is widely considered to be caused by a typo.

Now that I've explained that for you, why do you suppose it has recovered so dramatically from the sub-8000 level when Bush left office?

Edited May 22, 2010 by BubberMiley

[sharkman]

Happens to gold all the time. In 79 gold dropped by close to 200%. It had almost the same ramp up we see today, again a time when people were parking their money and for no other reason.

You say it happens to gold all the time, and then you reference an occurrence not from one month ago or 3 months ago or a year ago or even 5 years ago, but 30 years ago.

Anyway, it doesn't happen in the stock market all of the time and it seems that you have no answer for it.

Bubber, there are many theories for it, but the typo theory is saying that because of a simple typo entry error, the response from seasoned professional traders and an industry that has seen it all was to freak out. Can you see a problem with that? It begs the question why was the trading industry so nervous, so jittery? There was more to it than that, and these underlying global currents continue to rock boats.

[punked]

You say it happens to gold all the time, and then you reference an occurrence not from one month ago or 3 months ago or a year ago or even 5 years ago, but 30 years ago.

Anyway, it doesn't happen in the stock market all of the time and it seems that you have no answer for it.

Bubber, there are many theories for it, but the typo theory is saying that because of a simple typo entry error, the response from seasoned professional traders and an industry that has seen it all was to freak out. Can you see a problem with that? It begs the question why was the trading industry so nervous, so jittery? There was more to it than that, and these underlying global currents continue to rock boats.

Gold has lost at least 20% of its value 81, 83, 85, 86, almost ever off year in the 90s. In fact from 79 through 2002 gold has lost value or stayed flat ever year except a few. We are seeing a ramp up like we did in the 70s and it is all going to crash again.

[BubberMiley]

bber, there are many theories for it, but the typo theory is saying that because of a simple typo entry error, the response from seasoned professional traders and an industry that has seen it all was to freak out. Can you see a problem with that? It begs the question why was the trading industry so nervous, so jittery? There was more to it than that, and these underlying global currents continue to rock boats.

Uh... they're jittery because of the European debt crisis. But when millions are typed in as billions, they'll freak out every time.

[bloodyminded]

I've noticed something about those contrarian types who have for some reason or other become like the proverbial prophet in the wilderness. People seem to react with personal attacks and over the top scorn. If the person in question is a nutbar, then it is self evident and the need to prove it is not there, his delusions will bring him to ruin. So these loud protests seem to suggest something else.

In history there have been many examples of these types of characters who it turned out were right, whatever field of endeavor they championed. Churchill was one such nutbar, Patton was another. Odd people with seeemingly out of step views that turned conventional wisdom on its head.

Glenn Beck does not turn conventional wisdom on its head. He's a highly conventional polemicist. Aside from his occasional bouts of weeping, there's nothing whatsoever unique about him.

Edited May 24, 2010 by bloodyminded

[maple_leafs182]

Gold has lost at least 20% of its value 81, 83, 85, 86, almost ever off year in the 90s. In fact from 79 through 2002 gold has lost value or stayed flat ever year except a few. We are seeing a ramp up like we did in the 70s and it is all going to crash again.

you think the price of gold will come crashing down?

I disagree, up is the only way it can go.

[punked]

you think the price of gold will come crashing down?

I disagree, up is the only way it can go.

Accept that doesn't make any sense. Both historically and with the facts in front of us. It is over inflated and is going to crash like it did before.

[Shady]

It is over inflated and is going to crash like it did before.

Actually, that's a very good description of the stock market. Dr. Roubini has already warned of a double-dip recession.

[Shady]

Oh nos punked! Oh nos!

Gold Rising as Euro Weakens

“You could see gold go up another $1,000,” said Evan Smith, who helps manage $2 billion at U.S. Global Investors Inc. in San Antonio and in 2006 correctly predicted that gold would reach $700 within two years. “All of the turmoil and problems we’ve seen in Europe is just another reminder that there’s a lot of value in gold as a safe haven.”

Link

Oh nos!

[punked]

Oh nos punked! Oh nos!

Oh nos!

Gold is down 100 dollars over the last 30 days Shady. Now is not the time for you to scream score board. Again as people leave the money markets waiting for them to settle gold will go up, and when it settles everyone will flee. Gold is going to crash.

Edited May 25, 2010 by punked

[sharkman]

I think the air will go out of the American dollar. What that does to gold is hard to say.

[maple_leafs182]

Gold is down 100 dollars over the last 30 days Shady. Now is not the time for you to scream score board. Again as people leave the money markets waiting for them to settle gold will go up, and when it settles everyone will flee. Gold is going to crash.

The markets will crash, the US dollar will crash, gold will continue to rise.

Look how big of a deficit the American government is running annually, $1.5 trillion and it is only going up. Governments can't do that without debasing the currency, they are just printing money to cover costs, they are inflating the currency.

[punked]

The markets will crash, the US dollar will crash, gold will continue to rise.

Look how big of a deficit the American government is running annually, $1.5 trillion and it is only going up. Governments can't do that without debasing the currency, they are just printing money to cover costs, they are inflating the currency.

You really don't see the flaw in your argument do you? Yeah governments print money and deflate their money but they still have something to back that money up with. Buildings, Jobs, Tax revenue. Gold is a precious metal it has no real use why would anyone want to put their money into it. What makes it go up? People parking their money there just like the dollar, however the dollar can go up because of a whole array of factors. All gold has going for it is people like you saying it will go up. Why? Because it gold? Why, what is it used for, nothing really accept people like me who up on a bandwagon.

[Alta4ever]

Gold is a precious metal it has no real use why would anyone want to put their money into it.

Incorrect the reason why precious metals are precious are because of their uses. Silver finds itself very useful in many industrial applications as does copper and platinum.

But you spoke of gold so here is a small list of what gold is used for.

http://en.wikipedia.org/wiki/Gold

Industry

The 220 kg gold brick displayed in Chinkuashi Gold Museum, Taiwan, Republic of China

The world's largest gold bar weighs 250 kg. Toi museum, Japan.

A gold nugget of 5 mm in diameter (bottom) can be expanded through hammering into a gold foil of about 0.5 square meter. Toi museum, Japan.

Gold solder is used for joining the components of gold jewelry by high-temperature hard soldering or brazing. If the work is to be of hallmarking quality, gold solder must match the carat weight of the work, and alloy formulas are manufactured in most industry-standard carat weights to color match yellow and white gold. Gold solder is usually made in at least three melting-point ranges referred to as Easy, Medium and Hard. By using the hard, high-melting point solder first, followed by solders with progressively lower melting points, goldsmiths can assemble complex items with several separate soldered joints.

Gold can be made into thread and used in embroidery.

Gold is ductile and malleable, meaning it can be drawn into very thin wire and can be beaten into very thin sheets known as gold leaf.

Gold produces a deep, intense red color when used as a coloring agent in cranberry glass.

In photography, gold toners are used to shift the color of silver bromide black and white prints towards brown or blue tones, or to increase their stability. Used on sepia-toned prints, gold toners produce red tones. Kodak published formulas for several types of gold toners, which use gold as the chloride.[25]

As gold is a good reflector of electromagnetic radiation such as infrared and visible light as well as radio waves, it is used for the protective coatings on many artificial satellites, in infrared protective faceplates in thermal protection suits and astronauts' helmets and in electronic warfare planes like the EA-6B Prowler.

Gold is used as the reflective layer on some high-end CDs.

Automobiles may use gold for heat dissipation. McLaren uses gold foil in the engine compartment of its F1 model.[26]

Gold can be manufactured so thin that it appears transparent. It is used in some aircraft cockpit windows for de-icing or anti-icing by passing electricity through it. The heat produced by the resistance of the gold is enough to deter ice from forming.[27]

Electronics

The concentration of free electrons in gold metal is 5.90×1022 cm−3. Gold is highly conductive to electricity, and has been used for electrical wiring in some high-energy applications (silver is even more conductive per volume, but gold has the advantage of corrosion resistance). For example, gold electrical wires were used during some of the Manhattan Project's atomic experiments, but large high current silver wires were used in the calutron isotope separator magnets in the project.

Though gold is attacked by free chlorine, its good conductivity and general resistance to oxidation and corrosion in other environments (including resistance to non-chlorinated acids) has led to its widespread industrial use in the electronic era as a thin layer coating electrical connectors of all kinds, thereby ensuring good connection. For example, gold is used in the connectors of the more expensive electronics cables, such as audio, video and USB cables. The benefit of using gold over other connector metals such as tin in these applications is highly debated. Gold connectors are often criticized by audio-visual experts as unnecessary for most consumers and seen as simply a marketing ploy. However, the use of gold in other applications in electronic sliding contacts in highly humid or corrosive atmospheres, and in use for contacts with a very high failure cost (certain computers, communications equipment, spacecraft, jet aircraft engines) remains very common.[28]

Besides sliding electrical contacts, gold is also used in electrical contacts because of its resistance to corrosion, electrical conductivity, ductility and lack of toxicity.[29] Switch contacts are generally subjected to more intense corrosion stress than are sliding contacts. Fine gold wires are used to connect semiconductor devices to their packages through a process known as wire bonding.

Chemistry

Gold is attacked by and dissolves in alkaline solutions of potassium or sodium cyanide, and gold cyanide is the electrolyte used in commercial electroplating of gold onto base metals and electroforming. Gold chloride (chloroauric acid) solutions are used to make colloidal gold by reduction with citrate or ascorbate ions. Gold chloride and gold oxide are used to make highly valued cranberry or red-colored glass, which, like colloidal gold suspensions, contains evenly sized spherical gold nanoparticles.[30]

[maple_leafs182]

You really don't see the flaw in your argument do you? Yeah governments print money and deflate their money but they still have something to back that money up with. Buildings, Jobs, Tax revenue. Gold is a precious metal it has no real use why would anyone want to put their money into it. What makes it go up? People parking their money there just like the dollar, however the dollar can go up because of a whole array of factors. All gold has going for it is people like you saying it will go up. Why? Because it gold? Why, what is it used for, nothing really accept people like me who up on a bandwagon.

Gold is considered money.

It goes up and down based on supply and demand.

When major currencies like the Euro and the US dollar show weakness, people tend to flock to precious medals and that drives the price up. The Euro and the US dollar are both weakening.

Gold is a physical commodity, fiat currencies are pieces of paper and trust, people feel safer having a physical commodity during downturns in the economy. The economy isn't recovering.

[Smallc]

As Dr. Doom said on Bill Maher the other night, gold holds no intrinsic value. If you're worried about world economic and financial collapse, buy Spam, not gold.

Edited May 25, 2010 by Smallc

[Michael Hardner]

Link

Glenn's ratings have been low of late. ( Helping with the thread drift. ) He wouldn't bother me as much if he were unpopular.

[Shady]

Looks like gold was up again today. Over $6.

[punked]

Looks like gold was up again today. Over $6.

It was up 11 dollars after being off by 20 dollars over the weekend.

[Shady]

It was up 11 dollars after being off by 20 dollars over the weekend.

All I know is that from last week, when I commented that you were wrong. It's gone from 1177 to 1200 in a week. I suspect you should leave predictions to the professionals.

[BubberMiley]

All I know is that from last week, when I commented that you were wrong.

All I know is you rarely say anything that's true. How was that Memorial Day ceremony?

[punked]

All I know is that from last week, when I commented that you were wrong. It's gone from 1177 to 1200 in a week. I suspect you should leave predictions to the professionals.

And you will be wrong in a year when gold price fall to normal levels.