GOLD 0.51% $1,391.7 gold futures

fasten your seatbelt, page-21

  1. 20,020 Posts.
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    SP, I enjoy your posts, but if people have no money i.e. their house is foreclosed upon, they experience margin calls, credit dries up or the oil price goes through the roof, or even all of the above, like in 2008/09, then a possible scenario is that there will be no money to buy gold and the price will crash, along with everything else. I hope not but its something we all need to keep in mind. I do hope we don't see another crash again any time soon.

    If you need to buy food and other life essentials, you can't use gold to buy it. At least not right now. You need cash money.
 
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