Comments on: Citigroup the latest to predict Gold’s rise to $2000 and beyond in 2009 http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/ General interest observations and true web-log. Sun, 21 Mar 2010 08:24:37 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mr. Fusion http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1435394 Mr. Fusion Tue, 02 Dec 2008 16:20:57 +0000 http://www.dvorak.org/blog/?p=32533#comment-1435394 #39, Cow-Paddy, Ignorant Shit Talking Sociopath and Retired Mall Rent-A-Cop, Yup. Keep talking like that. Nothing to add to the discussion. Sure must be like shit to be you. Since your goldfish dies, does anyone like you? Gold does have some uses. Being so corrosion resistant it makes very good electrical connectors. Being relatively soft and malleable it can be extensively used in dentistry. Being shiny it does make good jewelry. It also has some photographic and chemical uses. #39, Cow-Paddy, Ignorant Shit Talking Sociopath and Retired Mall Rent-A-Cop,

Yup. Keep talking like that. Nothing to add to the discussion. Sure must be like shit to be you. Since your goldfish dies, does anyone like you?

Gold does have some uses. Being so corrosion resistant it makes very good electrical connectors. Being relatively soft and malleable it can be extensively used in dentistry. Being shiny it does make good jewelry. It also has some photographic and chemical uses.

]]> By: deowll http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1435008 deowll Tue, 02 Dec 2008 06:25:14 +0000 http://www.dvorak.org/blog/?p=32533#comment-1435008 And the good news is they'll buy it as scrap for about 2/3 of what the fair market value is at the time! There is no way you can just use it for money for what it's worth in theory. And the good news is they’ll buy it as scrap for about 2/3 of what the fair market value is at the time!

There is no way you can just use it for money for what it’s worth in theory.

]]> By: Paddy-O http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434744 Paddy-O Mon, 01 Dec 2008 23:11:53 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434744 # 41 chuck said, "When they talk about gold hitting $2000/oz. they don’t mean that gold will get more valuable. What they mean is that paper currency will get less valuable." Of course. I don't see how anyone thinks that by printing RIVERS of money isn't going to cause monetary inflation. # 41 chuck said, “When they talk about gold hitting $2000/oz. they don’t mean that gold will get more valuable. What they mean is that paper currency will get less valuable.”

Of course. I don’t see how anyone thinks that by printing RIVERS of money isn’t going to cause monetary inflation.

]]> By: chuck http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434741 chuck Mon, 01 Dec 2008 23:05:06 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434741 When they talk about gold hitting $2000/oz. they don't mean that gold will get more valuable. What they mean is that paper currency will get less valuable. You can't eat gold. You can only buy and sell it. You could try trading it, but if it comes to the point where you're trading gold for food, then everything will be too far gone to worry any more. When they talk about gold hitting $2000/oz. they don’t mean that gold will get more valuable. What they mean is that paper currency will get less valuable.

You can’t eat gold. You can only buy and sell it. You could try trading it, but if it comes to the point where you’re trading gold for food, then everything will be too far gone to worry any more.

]]> By: ECA http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434703 ECA Mon, 01 Dec 2008 22:29:19 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434703 This has happened before, with Silver.. trying to Corner a Product and get the BEST prices.. Wht has to be understood, is WHY.. What are the USE's for gold.. If you corner the Gold market, you can FORCE others to pay the price you WANT. This has happened before, with Silver..
trying to Corner a Product and get the BEST prices..
Wht has to be understood, is WHY..
What are the USE’s for gold..
If you corner the Gold market, you can FORCE others to pay the price you WANT.

]]> By: Paddy-O http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434628 Paddy-O Mon, 01 Dec 2008 20:37:08 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434628 # 37 Mr. Fusion said, "My prediction is that gold will fall. Not because someone is dumping it, but because people are just waking up to the fact that gold is pretty worthless." Yep, just head over to Ft. Knox and while you grab a few bars, explain to guards shooting you that it is "worthless". Let us know how it goes. # 37 Mr. Fusion said, “My prediction is that gold will fall. Not because someone is dumping it, but because people are just waking up to the fact that gold is pretty worthless.”

Yep, just head over to Ft. Knox and while you grab a few bars, explain to guards shooting you that it is “worthless”.

Let us know how it goes.

]]> By: smartalix http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434491 smartalix Mon, 01 Dec 2008 17:51:13 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434491 If it does bubble, what will the electronics industry do? Why can't they speculate using tulip bulbs like proper crackpot hoarders? If it does bubble, what will the electronics industry do?

Why can’t they speculate using tulip bulbs like proper crackpot hoarders?

]]> By: Mr. Fusion http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434457 Mr. Fusion Mon, 01 Dec 2008 17:05:25 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434457 My prediction is that gold will fall. Not because someone is dumping it, but because people are just waking up to the fact that gold is pretty worthless. It is too heavy and soft to be good coinage. You can't eat it. To spend / sell it requires an assay test and fine scales. To store large quantities requires guards. It doesn't earn interest. But it is shiny. HA HA HA HA HA HA HA HA HA HA HA HA HA My prediction is that gold will fall. Not because someone is dumping it, but because people are just waking up to the fact that gold is pretty worthless. It is too heavy and soft to be good coinage. You can’t eat it. To spend / sell it requires an assay test and fine scales. To store large quantities requires guards. It doesn’t earn interest.

But it is shiny.

HA HA HA HA HA HA HA HA HA HA HA HA HA

]]> By: Winston http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434452 Winston Mon, 01 Dec 2008 17:01:13 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434452 They must own gold futures and hope this is a way to dig themselves out of the hole they put themselves in. They must own gold futures and hope this is a way to dig themselves out of the hole they put themselves in.

]]> By: Mr. Fusion http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434440 Mr. Fusion Mon, 01 Dec 2008 16:49:00 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434440 #22 & 23 <i>Oh really? I bought about 3 ounces of gold when it was $300 an ounce. If it goes up to $2000 an ounce, I’ve made a bit of a profit, don’t you think? I only wish I had bought more.</i> HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA, OOOO, weeeee, HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA, oh, that is rich, funny too, My kid bought a bicycle from our neighbor's yard sale for $1. She rode it for a couple of years then last summer when we had our own yard sale, sold it for $10 Maybe she should have bought a few more bikes. #22 & 23
Oh really? I bought about 3 ounces of gold when it was $300 an ounce. If it goes up to $2000 an ounce, I’ve made a bit of a profit, don’t you think? I only wish I had bought more.

HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA,

OOOO, weeeee,

HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA,

oh, that is rich, funny too,

My kid bought a bicycle from our neighbor’s yard sale for $1. She rode it for a couple of years then last summer when we had our own yard sale, sold it for $10 Maybe she should have bought a few more bikes.

]]> By: soundwash http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434428 soundwash Mon, 01 Dec 2008 16:28:51 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434428 /random errata ok... its simple...they want your money. 1. the business cycle is fiction. it's manipulated. -gold and silver prices have been kept low on purpose so the dollar would not drop to nothing sooner than planned. no doubt they've been pumping the market up with bailout money as well to further keep the "illusion" (and USD) going.. 2. our Gov, Th Fed, JPMorgan and Goldman-Sachs(GS) are the major players and manipulators-..(the IMF and central banks all over the world are playing there roles as well) -the conflicts of interest of with JPmorgan and esp GS in regards to where many of their ex-ceo's, chairman etc are now placed and working in many levels of our gov is absurd. -and yet nobody seems to make light or care about this fact.. 3. their trying to get you into the paper gold gold market because the Comex gold/silver market is expected to default, (in the minimum, continue to issue extensions and not deliver to non-commercial customers) -possibly starting on Dec 8th when the contracts are due. 4. citigroup (and paulson) have been lying through their teeth. they're going to need yet another (failed) bailout. there is no way the fed/gov can recover citi from the amount sham otc derivatives it used to value itself... ..i'm late for an appt. more yacking later. -s /random errata

ok… its simple…they want your money.

1. the business cycle is fiction. it’s manipulated.
-gold and silver prices have been kept low on purpose so the dollar would not drop to nothing sooner than planned. no doubt they’ve been pumping the market up with bailout money as well to further keep the “illusion” (and USD) going..

2. our Gov, Th Fed, JPMorgan and Goldman-Sachs(GS) are the major players and manipulators-..(the IMF and central banks all over the world are playing there roles as well) -the conflicts of interest of with JPmorgan and esp GS in regards to where many of their ex-ceo’s, chairman etc are now placed and working in many levels of our gov is absurd. -and yet nobody seems to make light or care about this fact..

3. their trying to get you into the paper gold gold market because the Comex gold/silver market is expected to default, (in the minimum, continue to issue extensions and not deliver to non-commercial customers) -possibly starting on Dec 8th when the contracts are due.

4. citigroup (and paulson) have been lying through their teeth. they’re going to need yet another (failed) bailout. there is no way the fed/gov can recover citi from the amount sham otc derivatives
it used to value itself…

..i’m late for an appt. more yacking later.

-s

]]> By: Glenn E. http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434265 Glenn E. Mon, 01 Dec 2008 11:18:18 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434265 I noticed the girl in the photo is oriental. Possibly Chinese? So is the gold pictured from China? Are they going to dump Chinese gold on the US, along with everything else they've already dumped on the US? Better check to see that gold isn't radioactive, or lead with gold plating. The Chinese have been big on recycling their waste lead back to the US. I noticed the girl in the photo is oriental. Possibly Chinese? So is the gold pictured from China? Are they going to dump Chinese gold on the US, along with everything else they’ve already dumped on the US? Better check to see that gold isn’t radioactive, or lead with gold plating. The Chinese have been big on recycling their waste lead back to the US.

]]> By: Glenn E. http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434260 Glenn E. Mon, 01 Dec 2008 11:13:13 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434260 If you decide to buy gold, you'll have to get it from a reputable dealer (unless you want to be ripped off). And that always means that they get a substantial fee, over the actually price per once. Then when you go to sell it, months or years later. Same thing, there's a fee that the broker will take out of your sale price, for buying it from you. So the dealer/broker is the only one who'll make money from gold. Because regardless of which way the price goes, they still make money from the transaction. Just like with the Stock Market. The brokerages always make the money. Back during the days of the California Gold Rush, it wasn't the miner who got rich, or the general stores who got rich, or the saloon owners who got rich. It was the bankers who got rich. Because they dictated what gold was worth in US currency. And got their profit from selling it for much more, than they paid out for it. And it's always going to be that way. The big boys aren't going to let us play their side of the game. If you decide to buy gold, you’ll have to get it from a reputable dealer (unless you want to be ripped off). And that always means that they get a substantial fee, over the actually price per once. Then when you go to sell it, months or years later. Same thing, there’s a fee that the broker will take out of your sale price, for buying it from you. So the dealer/broker is the only one who’ll make money from gold. Because regardless of which way the price goes, they still make money from the transaction. Just like with the Stock Market. The brokerages always make the money. Back during the days of the California Gold Rush, it wasn’t the miner who got rich, or the general stores who got rich, or the saloon owners who got rich. It was the bankers who got rich. Because they dictated what gold was worth in US currency. And got their profit from selling it for much more, than they paid out for it. And it’s always going to be that way. The big boys aren’t going to let us play their side of the game.

]]> By: HMeyers http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434212 HMeyers Mon, 01 Dec 2008 08:26:40 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434212 #8 Comes in just barely a nice 2nd place #8 Comes in just barely a nice 2nd place

]]> By: HMeyers http://www.dvorak.org/blog/2008/11/30/citigroup-the-latest-to-predict-golds-rise-to-2000-and-beyond-in-2009/comment-page-1/#comment-1434211 HMeyers Mon, 01 Dec 2008 08:25:38 +0000 http://www.dvorak.org/blog/?p=32533#comment-1434211 #3 - one of the best "zingers" seen here. (Even though it was an easy kill) #3 – one of the best “zingers” seen here.

(Even though it was an easy kill)

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