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re: Federal Reserve and Quantitative Easing (QE)

Posted on 6/28/13 at 7:44 pm to
Posted by Matrixman
Texas
Member since Apr 2010
719 posts
Posted on 6/28/13 at 7:44 pm to
quote:

we're screwed


I'm thinking maybe you're right. Maybe could buy some Gold....but i don't think the price has hit bottom yet. Miners announced that Gold is selling below what it cost them to dig it up and process it. So are we looking at a further reduction in the price of that commodity? IMO...possible!

I got a suggestion....put your money in Rabbits. Things get really bad you can always eat the principal!!

This post was edited on 6/28/13 at 8:11 pm
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 6/28/13 at 8:22 pm to
I hear VolsShaft's buttcoins are the new bitcoins
Posted by southernelite
Dallas
Member since Sep 2009
53178 posts
Posted on 6/28/13 at 8:28 pm to
quote:

.but i don't think the price has hit bottom yet. Miners announced that Gold is selling below what it cost them to dig it up and process it. So are we looking at a further reduction in the price of that commodity? IMO...possible!


Why do you think that would that result in a further price reduction, exactly?
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