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The coming Gold crash


Wonger
Message added by ChrisSilver

⚠️Please remain respectful to other members even if opinions differ. The truth is that no one knows what the future price of Gold will be and no one can predict with any certainty what it will be. People can make assumptions and guesses based on what they think will happen but at the end of the day anything can happen.

The future price of gold will either be the same, higher, or lower. So please debate respectfully of fellow members even if they have a different opinion or opposing views to the majority of members. 

No member will ever be banned for having a different opinion to another member but members who are rude and disrespectful do risk their account status. Please be polite and respectful of all members, we wish to maintain a pleasant place on TSF ⚠️

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This thread and the predictions made me laugh and its not because we have the benefit of hindsight. For anyone who makes such predictions, i always ask .....in that case, where do you think the following will be:

Real interest rates

equities

real estate. etc.

You will find quickly that things dont seem to add up when they try to explain the big picture.

Edited by PB1
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32 minutes ago, Goldmansacks said:

Bit of a price correction going on right now,the OP can't be too far from his keyboard...😄

Love the user name 😂 GoldenBalls 👍🏻 

Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

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54 minutes ago, OriginalS said:

Here's some interesting data about the current rise, still don't think we've reached peak interest yet either

Screenshot_20200807-214037__01.jpg

What do you mean by peak interest?

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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10 minutes ago, mr-dead said:

Capture.thumb.PNG.7d16a842c129510ba78d5935e9c4c623.PNG

Looks like he picked the bottom rather than the top 😬 

A good reason not to take anyone else’s “advice”. I like to make my own mistakes. Around the same time I bought 10ozs of Gold as a top up. 😁 

Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

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9 hours ago, sixgun said:

What do you mean by peak interest?

Peak interest seen via google search could reveal the shoeshine moment, when everyone and his dog is interested about gold on the search engine. It should be a useful indicator, as in the 80's the indicator was when people were queuing to get into a coin shop in order to trade their entire life savings for a handful of gold sovereigns. I remember seeing an old fella on TV selling his classic car in direct exchange for some gold Krugerrand in 2011. Peak interest. Today its all internet based. 

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26 minutes ago, KDave said:

Smart guy!

Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

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from Investing.com,  featuring Wonger

 

here's the daily Gold chart from 2011-to-date for which the Bulls sought, for which the Shorts said would never happen, and for which can never be denied. It simply speaks for itself:

 

Gold Daily Settles To Date Chart
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Wonger is a bit busy at the moment - he gave me a message to pass on to members.

image.png.108e8388efaa9057906e616df14ae122.png

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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