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dannno (November 30, 1999 at 12:00 am)
Because due to worldwide market uncertainty, investors took their money out of other currencies (the Canadian dollar, the Euro, the British Pound, etc.) and flocked to the US dollar, raising its value vis-a-vis other currencies and against gold as well.
This sudden downturn in gold is a bit of an anomaly though, and once inflation really catches on in the US (and other countries) after all these "bailouts" you will see the price of gold shooting up.
DrewAWeeks (November 30, 1999 at 12:00 am)
Thanks for explaining not to buy paper gold. I didn't realise that. I'm still researching this.
kingfugazi (November 30, 1999 at 12:00 am)
Thats what I am asking. But this video says the price of gold dropped in the Great Depression (1931). I am swayed to believe that as Americans become more aware of the control of the system, Money, Money, Money- that we will be assaulted by the powers that be more & more. The USD drops & so does Gold? B.S.! Now, after nationwide protests to End the Fed (11/25/08), U.S. Troops are being stationed HERE as "Consequence Management Response Forces" (Washington Post 12/01/08).
mreisma (November 30, 1999 at 12:00 am)
FFFFFFFUUUUUUUCCCKKKKKK!
offdaheez (November 30, 1999 at 12:00 am)
^thats the paper gold market...not the physical market...there has been a lot of manipulation of prices but the physical value of one ounce is still around $1000-$1100...so DONT buy paper/electronic gold securities...buy physical gold
DrewAWeeks (November 30, 1999 at 12:00 am)
Why did gold crash recently and get to $750?
JusticeLeague9 (November 30, 1999 at 12:00 am)
Every president since 1913 knew about this plot to enslave America. Your money steals from you by design. You work for all this paper that you think represents gold and then suddenly there's no gold behind it. They've taken your gold in return for worthless paper. Then everyone has a trillion worthless dollars in their kitchen while your gold has been converted to yachts and Bentleys and islands. Enjoy your paper. Good luck finding us! It's like retrograde enslavement. Work now pay later.
JusticeLeague9 (November 30, 1999 at 12:00 am)
You'd have to pee on the graves of every president since 1913. They ALL knew about this and the dangers involved. Your money steals from you by design. You work for all this paper that you think represents gold and then suddenly there's no gold behind it. So they've taken your gold in return for worthless paper. Then everyone has a trillion worthless dollars in their kitchen while your gold has been converted to yachts and Lamborghinis and islands. Enjoy your paper. Good luck finding us!
Hibbitt99 (November 30, 1999 at 12:00 am)
The Federal Reserve is a joke. We've been screwed since our banking system was taken over by private investers.
blueballzstudio (November 30, 1999 at 12:00 am)
You don't have to buy gold buy the ounce. there are half ounce, quarter ounce, and even 1/10 ounce gold coins. Silver is also another option. |
