Gold prices drop, doomsday prophets and CTs rush to explain

[LightinDarkness]

One of my favorite CT past times is reading about the reactions to gold prices. The general CT belief is that gold (and other precious metals) must be the best investment possible since either (a) the NWO will destroy the dollar and create a new currency or (b) total economic collapse will occur shortly (its always just a few months away, after all - even during the boom times) and all paper currency will be worthless. This sort of insanity is bolstered by gold bugs like Peter Schiff and Gerald Celente who are classic doom and gloom prophets.

In a theme I've observed else where, CTers seem to believe that anything contrary to what their fantasies tell them must happen (in this case, anything other than gold going way up) must mean a NWO plot.

Gold has gone down a lot recently because much of the fear mongering has died down and all of the market rallies have left institutional investors and hedge funds running to get in. Even though every year for the past 5 years I've been reading CT boards they ALWAYS predict gold is going to $2000/ounce, it is now dipping into the high 800s.

This, of course, must mean its a NWO conspiracy:
http://www.abovetopsecret.com/forum/thread452502/pg1

It just couldn't be that the end is not nigh and that rational people aren't hoarding gold bars and food cans in their basement....no it just couldn't be. Has to be a NWO plot.

I sometimes wonder where gold would be if the price wasn't fueled by CT fear mongering. Its worthless beyond industrial and cosmetic uses, but CTs are the epitome of what it means to be a gold bug - put enough CTs together and thats a significant amount of money they could use to buy gold bars.

[mark4mark]

It just couldn't be that the end is not nigh and that rational people aren't hoarding gold bars and food cans in their basement....no it just couldn't be. Has to be a NWO plot.



No matter what happens, in their minds, it's a plot.

The dollar is being snuffed out, Gold is being devalued, Gold is being REvalued, Fiat currencies implant RFID chips so on and so forth ad infinitum...

[Malkuth]

You need to get yourself a more constructive hobby. Try reading a book!

http://www.amazon.com/Tragedy-Hope-History-World-Time/dp/094500110X

[LightinDarkness]

You need to get yourself a more constructive hobby. Try reading a book!

http://www.amazon.com/Tragedy-Hope-History-World-Time/dp/094500110X

You should get a more realistic view of life instead of believing in conspiracy theories. Try reading a real book:
http://www.amazon.com/Being-Logical-Guide-Good-Thinking/dp/0812971159/ref=sr_1_2?ie=UTF8&s=books&qid=1239038951&sr=1-2

[Malkuth]

I've read a few of these self help, build your brainpower type books. That one seems to be a good basic guide on teaching yourself how to explain away anything you don't want to take time to understand.

[Aidoneus]

It's deliciously ironic that that's exactly what conspiracy theories are for.

[Björn Toulouse]

How is "dropping like a rock" measured anyway? Since just last November gold has been as low as $709.50 and as high as $993.20.

http://forums.randi.org/imagehosting/1289049da400ded44b.gif (http://forums.randi.org/vbimghost.php?do=displayimg&imgid=15931)

That rock is tied to a rubber band.

[LightinDarkness]

It's deliciously ironic that that's exactly what conspiracy theories are for.

Exactly what I was thinking. I love it when CTers project what they are doing on to other people.

[LightinDarkness]

How is "dropping like a rock" measured anyway? Since just last November gold has been as low as $709.50 and as high as $993.20.

http://forums.randi.org/imagehosting/1289049da400ded44b.gif (http://forums.randi.org/vbimghost.php?do=displayimg&imgid=15931)

That rock is tied to a rubber band.

I think it comes from the CT mindset that the end is always nigh and thus gold must be right around the corner to $2,000/ounce. Thus, when we can't even reach $1,000/ounce, the immediate reaction to it dropping to below 900 is "OMG GOLD IS DROPPING NWO CONSPIRACY!"

[dudalb]

What about Silver prices?
This is in memory of Dash,a economic nutter who used to post here about how Silver was the perfect investment ,and recommended that people basically run their credit cards to the maximum limit buying Silver.
I am sure several other old timers here recall the Dash experience.

[Vermonter]

How is "dropping like a rock" measured anyway? Since just last November gold has been as low as $709.50 and as high as $993.20.

That rock is tied to a rubber band.

Eventually the rubber band breaks, or it settles into a local maxima until an outside force tugs at it again. Same thing with the stock market. If you look at the actual graphs for the previous fifteen years we're not doing that bad, really. It's when one looks at such a close range that one may get spooked and cry to the heavens, "the market is crashing!" when it could just be on the southbound part of the rubber band action.

[Cl1mh4224rd]

I love how they measure the value of gold in dollars. How exactly is that going to work once the economy collapses and the dollar is worth nothing?

"Gold is currently worth $Undefined/ounce!"

[eromitlab]

I've seen a few gold bugs (mainly Alex Jones worshipers) preach about the dollar losing 60% or so of its value since 2000 and the dollar is going straight to hell... then a few minutes later, they're bragging about how they were so smart to buy gold years ago when it was a few hundred an ounce. Yay, my gold is worth more devalued dollars if I hold it long enough!

Of course, those two thoughts remain independent of one another, and no connection is ever drawn.

[TriskettheKid]

Why do they focus on gold?

Why not diamonds? Or rubies?

Or palladium? Or iridium? Or platinum?

[Chaos]

What about Silver prices?
This is in memory of Dash,a economic nutter who used to post here about how Silver was the perfect investment ,and recommended that people basically run their credit cards to the maximum limit buying Silver.
I am sure several other old timers here recall the Dash experience.

I´m trying to forget about that moron. "Economics is all voodoo - you have to look it all up yourself on the internet", my ass...

[Shalamar]

Why do they focus on gold?

Why not diamonds? Or rubies?

Or palladium? Or iridium? Or platinum?

I hold to the ipod standard. You have somethjing worth money, and you can even use it to entertain yourself!

[1337m4n]

I hold to the ipod standard. You have somethjing worth money, and you can even use it to entertain yourself!

I'm not sure I'd be comfortable with Apple controlling the country's currency.

[Rogue1stclass]

My girlfriend's CTer brother thought swords were the perfect investment for the Collapse of Civilization.

We don't talk to him much anymore.

[dudalb]

Swords are cool, but they are not what I would pick for a post apoc survival kit.

[Elizabeth I]

Why do they focus on gold?

Why not diamonds? Or rubies?

Or palladium? Or iridium? Or platinum?

Or emeralds? I love emeralds. They're real pretty.

[TSR]

Why do they focus on gold?

Why not diamonds? Or rubies?

Or palladium? Or iridium? Or platinum?

.
After all:

There's antimony, arsenic, aluminum, selenium
And hydrogen and oxygen and nitrogen and rhenium
And nickel, neodymium, neptunium, germanium
And iron, americium, ruthenium, uranium
Europium, zirconium, lutetium, vanadium
And lanthanum and osmium and astatine and radium
And gold and protactinium and indium and gallium
And iodine and thorium and thulium and thallium

There's yttrium, ytterbium, actinium, rubidium
And boron, gadolinium, niobium, iridium
And strontium and silicon and silver and samarium
And bismuth, bromine, lithium, beryllium, and barium

There's holmium and helium and hafnium and erbium
And phosphorus and francium and fluorine and terbium
And manganese and mercury, molybdenum, magnesium
Dysprosium and scandium and cerium and cesium
And lead, praseodymium, and platinum, plutonium
Palladium, promethium, potassium, polonium
And tantalum, technetium, titanium, tellurium
And cadmium and calcium and chromium and curium

There's sulfur, californium, and fermium, berkelium
And also mendelevium, einsteinium, nobelium
And argon, krypton, neon, radon, xenon, zinc, and rhodium
And chlorine, carbon, cobalt, copper, tungsten, tin, and sodium

Lawrencium and Hahnium and lastly Rutherfordium
If there are any others, I'm afraid I haven't heardium

</Tom Lehrer>
.

[Björn Toulouse]

Why do they focus on gold?

Why not diamonds? Or rubies?

Or palladium? Or iridium? Or platinum?


Toilet paper.

Lotsa baby-boomers out here. One could do some serious bartering.




/over 60