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SPDR Gold Shares Message Board

  • Smokeskull Smokeskull Apr 18, 2012 8:56 AM Flag

    all things considered

    I am a mega bull at the moment. I watch the paper game. But I know the endgame. No matter what you hear on TV, a gold based global financial system is coming. Fiat has collapsed the West.

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    • As many others have noted, gold seems to take a dump when European markets are open. Seems to stabalize later in the day and does a lot better when Asia is open. I guess Asia is buying all the gold. Just my opinion.

      • 1 Reply to wall_street_mayhem
      • That is why gold will continue to rise faster and faster vs paper. Printing and losing money on interventions is very inflationary. You should rejoice that there are people crooked enough to give you national gold, or cause gold to be mispriced enough with paper fraud, to let you in down here. Foolhardy interventions have been making gold rise for the last 10 years.

        But gold isn't rising. Unbacked paper money is crashing. It isn't going to stop no matter what happens. Too many idiots still believe the system is salvageable. When they realize what is happening, the stock market, bond market, and currency markets will be a wreck. Then it will be time to trade gold for assets.

 
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