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  1. #21
    EcoSafe's Avatar
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    P H What factories ? We no longer have any.



  2. #22
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    Quote Originally Posted by olddude View Post
    P H What factories ? We no longer have any.
    exactly. minimum wage workers have no disposable income. no money, no factory's, no economy.

    for all of the raging debate over wages and distribution of wealth, it is really simple.

    the dollar menu is not relevant to you if you only have $.50.

    how long can the manufacturer stay in business without a consumer who has that dollar and is willing to spend it. ( the manufacturer never considered that the low wages being paid to their employees would decrease the total number of consumers)

    i see no change in our current economic policy's. which leads me to believe that we will see $2/k per ounce gold before we see $1k/ ounce gold. tho i would prefer the $1k/ounce. a healthy vibrant economy is good for all of us.

  3. #23
    Ewasted started this thread.
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    The majority of gold's value is solely based on speculation alone... less than 5% of gold trading is physical trading, the rest is on paper
    Specializing in Maximum value for mixed precious metal printed circuit boards and electronics

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  4. #24
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    Quote Originally Posted by Ewasted View Post
    The majority of gold's value is solely based on speculation alone... less than 5% of gold trading is physical trading, the rest is on paper
    you are only discussing open market trading. i was including manufacturing. which would include recovery. i would include private trading and institutional/individual holdings but it is too difficult to get a realistic number. but they are there.

    all commodity's have some speculation driving their pricing. some are affected more than others by that speculation. the cost of producing gold will keep it above the $1k/ ounce mark. demand, fear and speculation will continue to drive the price up.

    looking at industrial metals, copper is greatly under valued. but it is what the market is willing to pay right now.

    but your prediction of a gold crash does not have any validity to it. another year of volatility in the price and a continued upward move. will not be surprised to see it run down to the 1500 level and then start back up.

  5. #25
    Ewasted started this thread.
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    where is all of this gold manufacturing taking place? What is the main driver of gold?

  6. #26
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    Quote Originally Posted by Ewasted View Post
    where is all of this gold manufacturing taking place? What is the main driver of gold?
    thought you are an ewaste recycler. we use a fair amount of gold in the electronics we all make use of every day. while it may be a very small amount in any particular item. look at all of the items in use. the jewelry industry is still going, tho at a slower pace.

    i read an article where the author stated the price of gold was going to drop to $1300 an ounce by the end of this year and plunge under $1000 by the end of next quarter. he used that same theory that speculation was driving the price of gold. while ignoring the trend of gold over the past 10 years. since we have seen a steady rise in the price of gold for several years, and have seen the usage of gold in industry increase for several years, can you explain what was keeping the speculators in the market and why those same speculators are now going to abandon this commodity?

    just how low do you think gold is going to drop to.

    sure hope you are wrong about the gold trend. i am processing a lot of boards and plan to increase that amount dramatically. would really suck if gold dropped to $1k/oz.

    btw- gold dropped under 1600 a few days back. it is now just over 1600. did you miss the 1500 lows?

  7. #27
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    10 years ago gold was just under $300/ ounce
    5 years ago it was $600/ ounce
    a year ago it was under $1300
    currently we have $1600

    10 years of speculation?

  8. #28
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    Quote Originally Posted by Kris Kringle View Post
    Some People has Made lots of Money off of Gold/Metal by speculation and never even had to Touch gold/metals.

    Called Futures Trading.
    must be the reason gold has made such a dramatic increase over the last 10 years. if the speculators get out, then gold will drop to under 300/oz.

    i am going to have to talk to my broker about this future trading. is this something new? i do commodity trading. is that different? in commodity trading, speculators can drive the price up or down. called shorting. sell high buy low. some people make more on shorting than playing long.

    gold closed flat at 1607. currently trading at 1608.80. up slightly from the market close.

    perhaps there is more driving the price than just speculators.

  9. #29
    Ewasted started this thread.
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    we are an ewaste recycler.... however the gold amounts used are minuscule compared to what was used in the past. I think you are forgetting about that. Gold in electronics driving the price of gold?? completely wrong. It is the trading and speculation... gold's value is much like the US dollar - confidence, not ACTUAL supply and demand. I thought you were doing commodity trading?

  10. #30
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    actually, the plating is not less on today's electronics. it is more consistent due to better technology. we have far more electronics, that use more plated assembly's & sub assembly's, today, than at any time in the past. gold consumption is higher now than 50 years ago.

    i have had this discussion over speculation for the past 40 years. there were a lot of folks who believed we would never see the highs of the hunt boys silver fiasco ever again. many believed that silver would never be considered a precious metal again. some thought gold would never recover. yet we have doubled their highs from that era.

    speculation is one driver. it is not the only driver or even the main driver in many commodity's. did not require any speculation to realise that oil and gas prices were going to increase. and will continue to increase until an alternative is mass marketed.

    you stated that you do not think we will ever see those highs again. you insinuate that there is some huge market down side coming. there has been more volatility this year than any since the 40's. however, the market has moved up and down. not just one direction.

    i have been dealing with pm waste since the early 70's. it is all about patience, timing and price.

    i have no doubt pm prices will slow for awhile. drop into the 1500's and then move back up. how fast or how much will depend on which way the economy goes. i see no indication that the economy is going to improve. which would move the price up faster.

    i do like that the price drop has brought a large amount of boards onto the market at lower prices. i have managed to buy 9000 lbs of what you guys call high grade boards this month and have averaged a $1/lb less than what i paid the last 2 months. and i still have 5 buying days left in this month.



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