# Gold Slumps to Multi-Year Lows **URL:** \ **Category:** Misc. Discussion\ **Created:** [November 4, 2014, 11:35pm UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064 "2014-11-04T23:35:10Z")\ **Posts on this page:** 18\ **Page:** 1
**Author:** ![ldapkus](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/ldapkus/32/58272_2.png) [@ldapkus](https://forum.nachi.org/u/ldapkus)\ **Post date:** [November 4, 2014, 11:35pm UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/1 "2014-11-04T23:35:10Z")
Get out while you can. [Rising dollar](http://www.telegraph.co.uk/finance/commodities/11204581/Gold-price-tumbling-to-1000-as-rising-dollar-crushes-confidence.html) crushes confidence. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [November 5, 2014, 12:01am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/2 "2014-11-05T00:01:37Z")
Get out? I buy the dips, I don’t sell them. Did you mistype that post or were you serious? ---
**Author:** ![ldapkus](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/ldapkus/32/58272_2.png) [@ldapkus](https://forum.nachi.org/u/ldapkus)\ **Post date:** [November 5, 2014, 12:28am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/3 "2014-11-05T00:28:11Z")
> [@gromicko](#): > > Get out? I buy the dips, I don’t sell them. Did you mistype that post or were you serious? Get out while you can. ---
**Author:** ![mgoldenberg](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mgoldenberg/32/89265_2.png) [@mgoldenberg](https://forum.nachi.org/u/mgoldenberg)\ **Post date:** [November 5, 2014, 1:12am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/4 "2014-11-05T01:12:18Z")
I bought – pounds @ $634.00/oz many years ago & still holding. I just bought more 2 weeks ago. 😃 Also silver. IMO there’s no reason to sell. ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [November 5, 2014, 1:15am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/5 "2014-11-05T01:15:07Z")
Gold hasn’t lost any purchasing power in 6,000 years. Gold is a store of purchasing power (wealth). The dollar has lost 99% of it’s purchasing power in just 100 years. Dollars lose purchasing power (wealth)… every day. I’ll trade dollars for gold anytime, but certainly when gold dips. You buy the dips (in anything)… you don’t sell the dips. Selling gold is trading gold for dollars (the opposite of what you should do during a dip). ---
**Author:** ![bbrinke](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/bbrinke/32/1460_2.png) [@bbrinke](https://forum.nachi.org/u/bbrinke)\ **Post date:** [November 5, 2014, 1:19am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/6 "2014-11-05T01:19:25Z")
Where would one buy gold? ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [November 5, 2014, 1:20am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/7 "2014-11-05T01:20:08Z")
Coin show or coin store or craigslist. Assuming you mean physical gold which is the only way to own gold. ---
**Author:** ![lkage](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/lkage/32/347658_2.png) [@lkage](https://forum.nachi.org/u/lkage)\ **Post date:** [November 5, 2014, 1:27am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/8 "2014-11-05T01:27:38Z")
> [@gromicko](#): > > Coin show or coin store or craigslist. Assuming you mean physical gold which is the only way to own gold. And, by “physical gold”, coins are what I may buy and I don’t think he means this: ![fake gold 3_0.jpg](https://global.discourse-cdn.com/internachi/original/3X/a/e/aecd7a785680462938ac79452ad954588718b5d2.jpeg) ---
**Author:** ![mgoldenberg](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mgoldenberg/32/89265_2.png) [@mgoldenberg](https://forum.nachi.org/u/mgoldenberg)\ **Post date:** [November 5, 2014, 1:27am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/9 "2014-11-05T01:27:48Z")
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**Author:** ![mgoldenberg](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mgoldenberg/32/89265_2.png) [@mgoldenberg](https://forum.nachi.org/u/mgoldenberg)\ **Post date:** [November 5, 2014, 1:32am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/10 "2014-11-05T01:32:03Z")
> [@gromicko](#): > > Gold hasn’t lost any purchasing power in 6,000 years. Gold is a store of purchasing power (wealth). > > The dollar has lost 99% of it’s purchasing power in just 100 years. Dollars lose purchasing power (wealth)… every day. > > **I’ll trade dollars for gold anytime** , but certainly when gold dips. You buy the dips (in anything)… you don’t sell the dips. Selling gold is trading gold for dollars (the opposite of what you should do during a dip). Don’t forget the toilet paper - great for barter in times of disaster. Down here in hurricane country people always forget it! ha ha ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [November 5, 2014, 4:17am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/11 "2014-11-05T04:17:16Z")
> [@](#): > > Don’t forget the toilet paper - great for barter in times of disaster. The only way to measure the value of anything is in its purchasing power. Here is a chart of the purchasing power of the U.S. dollar over the last 100 years. Anyone believe it is going to turn around? I don’t. Looks to me like it is going right to toilet paper. ![fredgraph-dollar.jpg](https://global.discourse-cdn.com/internachi/original/3X/5/b/5b3f91a7f9c57c00e4278560ccb28b9ed5eab588.jpeg) ---
**Author:** ![mlarson](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mlarson/32/89225_2.png) [@mlarson](https://forum.nachi.org/u/mlarson)\ **Post date:** [November 5, 2014, 4:28am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/12 "2014-11-05T04:28:23Z")
Got bitcoin? ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [November 5, 2014, 4:34am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/13 "2014-11-05T04:34:43Z")
Some. Mostly just for fun. I like things I can touch. That’s why I don’t invest in other men’s companies (buy stocks). I don’t do ETFs (could be fake). I don’t put money in banks (loan banks my money at 0%). And I’m light on bitcoin. I like bitcoin, I just don’t like that I can’t physically touch it. My asset classes are rare antiques (iron, nothing wooden), heavy equipment (only big machines, excavators, etc), raw land (anywhere, any kind), timber, tax liens, old U.S. gold coins (have to start with serial number 18 ), new (bullion) U.S. silver coins or bars, mines/mining claims/mineral rights, and businesses (anything but the food business). ---
**Author:** ![ldapkus](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/ldapkus/32/58272_2.png) [@ldapkus](https://forum.nachi.org/u/ldapkus)\ **Post date:** [November 5, 2014, 11:52am UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/14 "2014-11-05T11:52:12Z")
_**[Gold falls, dollar surges.](http://www.bloomberg.com/news/2014-11-04/gold-trades-near-lowest-level-since-2010-on-dollar-s-strength.html)**_ ---
**Author:** ![ldapkus](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/ldapkus/32/58272_2.png) [@ldapkus](https://forum.nachi.org/u/ldapkus)\ **Post date:** [November 5, 2014, 3:25pm UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/15 "2014-11-05T15:25:20Z")
[Gold will plummet to $700!!!](http://research.economyandmarkets.com/X195Q656) ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [November 5, 2014, 3:50pm UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/16 "2014-11-05T15:50:52Z")
And the dollar recently hit a 100-year low. See my chart post #11. ---
**Author:** ![ldapkus](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/ldapkus/32/58272_2.png) [@ldapkus](https://forum.nachi.org/u/ldapkus)\ **Post date:** [November 5, 2014, 4:10pm UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/17 "2014-11-05T16:10:02Z")
> [@gromicko](#): > > And the dollar recently hit a 100-year low. See my chart post #11. But it’s rising and gold is tumbling to $700 or less. Get out while you can!!! ---
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [November 5, 2014, 4:33pm UTC](https://forum.nachi.org/t/gold-slumps-to-multi-year-lows/91064/18 "2014-11-05T16:33:52Z")
Rising? The dollar lost 99% of it’s purchasing power already. Do you really think it will get back to even again?