Gold Trend Explained...Very Simple

[The Ruiner]

And it looks a lot like the oil trend...

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out.html

And this from here

Aaron Regent, president of the Canadian gold giant [Barrick], said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.
"There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London.
"Production peaked around 2000 and it has been in decline ever since, and we forecast that decline to continue. It is increasingly difficult to find ore," he said.

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And more recently...

So, it's not that the "falling dollar and the implosion of the American economy the sky is falling!!" It's very simple, like oil, we are runing out of gold. I can't wait to see the comments on this one...Bring 'em on!

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[mame]

hahahaha
...

Supply and demand? No way!

The inflationistas would have you believe that the world is ending.

 

[The Ruiner]

*in my alex jones voice (which is damn-near spot on BTW)*

"investors are running away from the dollar! America is crumbling, and our currency is going to be worthless! The bankers, the globalists, the elite all know this, and they are going to use gold to control the world currency markets. Americans will be turned into slaves using the dollar as fodder for the firepits they will have to dig in their hovels because the bankers have taken away all their houses. I have many inside sources that I refuse to cite or source that assure me this is the case. You are all completely and totally fucked, there is no way around it except to buy my DVD's and related products to win the Info-War so that I can buy some gold and get my rich ass out of the country at the drop of a hat."

 

[doc111]

*in my alex jones voice (which is damn-near spot on BTW)*

"investors are running away from the dollar! America is crumbling, and our currency is going to be worthless! The bankers, the globalists, the elite all know this, and they are going to use gold to control the world currency markets. Americans will be turned into slaves using the dollar as fodder for the firepits they will have to dig in their hovels because the bankers have taken away all their houses. I have many inside sources that I refuse to cite or source that assure me this is the case. You are all completely and totally fucked, there is no way around it except to buy my DVD's and related products to win the Info-War so that I can buy some gold and get my rich ass out of the country at the drop of a hat."

I plan on using all of my worthless dollars as toilet paper.

 

[BBYY]

I just started printing my own currency.
Its 100% hemp too

We all know that I will be come the ruler of this land once Americans fall.

So i've started my currency exchange early. I know how Americans like to do things early.

Here it is.
The exchange rate is 25% in my favor.

PM to start sending funds. I take eft, check, MO, CC and paypal.
You will recieve your new currency within 5 working business days.
Most likely you wont be able to spend this right away so keep it safe, your going to need it in the new world.

 

[UncleBuck]

*in my alex jones voice (which is damn-near spot on BTW)*

"investors are running away from the dollar! America is crumbling, and our currency is going to be worthless! The bankers, the globalists, the elite all know this, and they are going to use gold to control the world currency markets. Americans will be turned into slaves using the dollar as fodder for the firepits they will have to dig in their hovels because the bankers have taken away all their houses. I have many inside sources that I refuse to cite or source that assure me this is the case. You are all completely and totally fucked, there is no way around it except to buy my DVD's and related products to win the Info-War so that I can buy some gold and get my rich ass out of the country at the drop of a hat."

so my debt won't be easily paid off because there is no hyperinflation impending?

what a fucking bummer. better go grow some more weed.

 

[The Ruiner]

so my debt won't be easily paid off because there is no hyperinflation impending?

what a fucking bummer. better go grow some more weed.

I know, what a deflating notion that a finite mineral would become scarce after millenia after millenia of mining...

 

[doc111]

so my debt won't be easily paid off because there is no hyperinflation impending?

what a fucking bummer. better go grow some more weed.

Gold is shiny!

 

[UncleBuck]

Gold is shiny!

i like turtles too, son. i like turtles too.

 

[UncleBuck]

I know, what a deflating notion that a finite mineral would become scarce after millenia after millenia of mining...

how do we know there are not vast, untapped reserves under yellowstone or yosemite?

we had better start blowing shit up to find out for sure.

 

[NoDrama]

What do they use gold for?

 

[The Ruiner]

how do we know there are not vast, untapped reserves under yellowstone or yosemite?

we had better start blowing shit up to find out for sure.

Do we really think that nobody has ever explored these possibilities? I can never tell when you are serious UB...

I think that something that has commanded some $500 - $1500/oz for the last decade or so has probably had its sources explored the world over...and Barricks would have been at the forefront if it were so close in proximity...

 

[The Ruiner]

What do they use gold for?

To repair Nibiru's failing atmosphere...funny thing though, gold HAS been considered as something that could be used to repair the areas of damaged the atmosphere....Woah!

 

[NoDrama]

To repair Nibiru's failing atmosphere...funny thing though, gold HAS been considered as something that could be used to repair the areas of damaged the atmosphere....Woah!

No, I'm sorry that's not what they use it for.

 

[The Ruiner]

No, I'm sorry that's not what they use it for.

DAMN! Really? The Annunaki-Elitist-Rothschild-Bilderbergers-Bankers aren't exporting all of our gold to Nibiru? Or stockpiling it for the return of their Reptilian God?

Then what are they using it for?

 

[NoDrama]

DAMN! Really? The Annunaki-Elitist-Rothschild-Bilderbergers-Bankers aren't exporting all of our gold to Nibiru? Or stockpiling it for the return of their Reptilian God?

Then what are they using it for?

I Already know what they use it for, do you? Knowing how much gold is "USED" each year would be a big clue as to why its price is going up, don't you think?

 

[The Ruiner]

From what I can tell, it's mostly for jewelry...?

 

[NoDrama]

From what I can tell, it's mostly for jewelry...?

How long does gold jewelry last?

 

[The Ruiner]

How long does gold jewelry last?

As long as someone doesn't need to turn it into cash for gold? Because at that point I AM POSITIVE that it just disappears..

 

[Trichy Bastard]

Well, don't quote me on the number- but I believe 90% of the planet's gold is trapped in sea water... Current technology makes it more expensive to extract than it's worth- but we all know that will eventually change with future technology. Not to mention that alchemy became a reality with the Hadron collider- they were able to knock an atom off lead and create a molecule of gold- but the energy expended made it not equitable whatsoever- again- in time technology will cheapen and prevail. Gold is quite useful for electronics and what not- it very conductive doesn't corrode. A good percentage of space probes n stuff are made with it. I'm more of a currency trader, but I am watching gold charts on a daily basis for correlation. It's been on an impressive uptrend exacerbated by qe2 that rocked the value of the usd. The usd and yen are considered safe havens, but now the dollar is rotating out of favor for gold. There is alot of hype too- even Mr. T was telling people to buy gold- that's usually the time to stay away and let it take a big retracement. I still think the fundamentals mean it will rise over the long term though.