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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 3 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

Circumstances in Which Gold Prices May Crash

Over the course of history, rapid rises in the prices of commodities have eventually crashed just as suddenly. Ten years is seen as a good run and many anxiously look for signs that the gold bubble is about to burst. To a certain extent, the hype created about gold is responsible for the steep price increase. Hence, the moment the hype dies down, prices will also fall. The 'safe-haven' appeal of gold is also fast decreasing in the wake of the weakness it displayed in times of recent turmoil.

The tsunami which devastated Japan might well spell the downfall of gold. Japan was a major importer of gold and following the tragedy, there has been a void in the demand. This, in turn, means that supply is more than demand and there is a surplus of gold available. Also, with silver becoming cheaper than gold more and more investors are likely to turn to the white metal. The dollar will not stay weak forever and as soon as it strengthens, gold prices will move inversely.

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triffid

I entertain all stories told to me about my squatters.A friend told me today that some police officer may have come to this house and those bullets were tossed in the trash to keep them from being seen by the officer.
I do know he was arrested at least once by police this year.Maybe twice.March 17th for sure.He had a big fight with his wife on the street.He twisted her arm behind her back.In view of witnesses.I'm off to bloomfield,Mo tomorrow for pastors Larry Rice Energy fair for the day.Wind power,solar,wood ,etc.triffid

triffid

I got ahold of my friend who did that gold scrapping in the 1980's.He said that 55 gallon drum weighed 650lbs.
The drum I saw with only gold connecting pins in it.I got on my calculator and figured out it was worth $158,500 at todays gold prices.Does not include processing fee to someone.triffid

triffid

So he is going to see what he can find in the next couple of days and give me a call.I will be very interested to know what he finds out.triffid

fritznien

i knew a fellow at work 30 years ago, who used to buy electronic scrap.
thats when computers where getting smaller.lots of cards with gold plated connectors.
lots of work to seperate things out.
the trick is getting enough to make it worth while.
fritznien