Gold Jumps $40 Today,...Stock Market Loses A Year's Worth Of Earnings Today.

[Badgersmilk]

Suppose, and I think this may be entirely possible.  As the governments are recovering and establishing their new economy they decide to base the value of their currency on something they have more control over the distribution of?  Platinum, whatever it may be.  I'm sure they can come up with something.

Bullets are still bullets.  EVERYBODY wants them (especially in said times).  They retain their value.

Gold.  Well, some think it's pretty plating on 22" rims for a '87 Buick.   

[billt]

Gold.  Well, some think it's pretty plating on 22" rims for a '87 Buick. 

Just the ones who think "value" is something the gubbermint in Washnon sends you every month to pay for them.   Bill T.

[billt]

Just remember people, on Monday October 19, 1987 the Dow Jones Industrial Average dropped by 508 points to 1738.74 (22.61%). We're all still here. Don't go jumping out of windows, or burying the coffee cans of silver just yet.  Bill T.

[tombogan03884]

Since I've been keeping track, I will point out that Billt has been consistently wrong in his political and economic predictions.

[billt]

Since I've been keeping track, I will point out that Billt has been consistently wrong in his political and economic predictions.

Well hell, don't just stop there! What floor window will you be jumping out of? Bill T.

[Sponsor]

[billt]

"Gold Jumps $40 Today"

Gold drops $16.00+ today. Fixed it for ya' (1:26 Pacific Time).   Bill T.

http://goldprice.org/

[tombogan03884]

Well hell, don't just stop there! What floor window will you be jumping out of? Bill T.

Not in the market, but I'll rent you a 10th floor window for a minute. 

Dow is down 10% as of 4PM.

[billt]

Not in the market, but I'll rent you a 10th floor window for a minute. 

Dow is down 10% as of 4PM.

And?

[billt]

Look, the world isn't ending as we know it. A sellers market today will be a buyers market tomorrow, or next week, or whenever. Don't start sounding like these guys on these survival forums who want everything to crash. Is the economy bad? Yes. Could it get worse? Certainly. Is this going to mean blood in the streets? Not yet, and not by a long shot.

People are waiting to overreact, and coming up with endless excuses for it. Companies are sitting on a lot of cash. No one is hiring because they are afraid. Hussein is on borrowed time. All that is happening is a lot of talk, along with reactionary jerking. Do you see the big money people pulling out, buying silver, and heading for the hills? No, and you won't. Gold and silver tumbled along with the Dow and S&P. That should tell you something right there. If one dumped and the other went to Pluto, there might be something to worry about. Silver and gold are both over inflated at the present time. It's only the camo cowboys hiding in mommies basement that think much different, and who cares what they think? Last I looked no one got financial advice on a survival forum.

Today there was a sell off. Tomorrow there very well might be another one. Stocks are way overpriced, and have been for a while. Does it make sense housing and real estate has dumped over 65% in many areas, while the Dow holds at 12,000? Not hardly. This has been a long time coming.   Bill T.

[twyacht]

Gold will continue to rise.

http://www.commodityonline.com/news/Gold-price-predictions-for-2011-34867-3-1.html

Dollar flux, make folks nervous, internationally.....Sure it will pull back,...a few bucks compared to the Dow? Trillions were lost over the last week (on paper), gold dropped a few bucks, so did oil..

Uncertainty makes the "market" schizophrenic.....With this great debt resolution taking effect you can see it achieved the desired result...

Never let a crises go to waste.....

I don't think anyone will jump out of windows, as previous crashes were leveraged...The SEC tightened up it's regs since then, and we'll just have to see how much worse it gets...

As there is no good news as of late....

Ex. Oil dropped a good bit to $86-88 per barrel,....how fast do you think it will get to the pump,???

It won't.