Gold prices.... Going Down! - Page 2 - PeachParts Mercedes-Benz Forum

#1 01-26-2011, 12:59 PM

Quote:

Originally Posted by ILUVMILS

Has gold come too far too fast? Absolutely. Are we due for a pullback? No doubt. Is gold done? I don't think so.

It will eventually get back down to a reasonable price and then it will plug along just like it always has (until the next bubble).

raymr · #2 01-25-2011, 11:23 PM

Gold will never be valueless, unlike some stocks.

Matt L · #3 01-25-2011, 11:34 PM

Quote:

Originally Posted by raymr

Gold will never be valueless, unlike some stocks.

Each and every share of stock currently in circulation will eventually be worthless. That's an exception to the "never say never" rule, which says that gold may someday actually be worthless as well.

benhogan · #4 01-26-2011, 12:11 PM

Quote:

Originally Posted by raymr

Gold will never be valueless.

True. As long as Flavor Flav is around.

JollyRoger · #5 01-26-2011, 01:52 PM

Quote:

Originally Posted by raymr

Gold will never be valueless, unlike some stocks.

Neither will buggy whips.

JollyRoger · #6 01-26-2011, 01:51 PM

Quote:

Originally Posted by Pooka

Gold has dropped 7% this month.

I asked a fellow who has been trading metal for about 45 years what he thought was going on and he said it had something to do with 'paper gold' and derivitives.

He is currently selling all his Gold and hanging on to his Silver since he says it has a commercial value.

Anybody here into gold or know what might be causing this price drop. This is an area about which I know very little.

With the DOW breaking 12,000 that bubble is about to burst.