An Unbelievable Investment Opportunity in Gold [View article]
if gold has no value, how come central banks want it? why do countries go to war over it? why do governments want to control it?
On Dec 15 04:07 AM jrainspe wrote:
> EVERY HISTORICAL PIECE OF EVIDENCE indicates that adhering to a gold > standard worsened the worldwide depression of the 30s and delayed > the recovery of those countries that held to it. > > How many times does it have to be said. THERE IS NO INTRINSIC VALUE > IN GOLD. IT IS A MERE DELUSION AND ANTICIPATION OF PEOPLE THAT MAKES > IT VALUABLE. > > Absolutely nothing has any value as a means of exchange for goods > (money) unless it is perceived as valuable by both parties. It is > like the fairy tale of King Miser, left to sit on his pile of gold > with nothing to do but count it again. You can't eat it, drink, smoke > it (although I guess your mind can get "high" on the idea of it) > or have sex with it. It has no value, except making pretty baubles. > It's too soft for construction, not as conductive as silver, and > is basically inert as a chemical agent.
Gold: Despite Recent Rise, It's Still Under Water [View article]
Well when the market went to 250. they should of tried some "dollar cost averaging" one ounce of gold at 850. one ounce of gold at 250. $1100. devided by two is 550. a 100% on your money
Do We Goldbugs Finally Have Your Attention? [View article]
In 1980 the only time gold was over $800. was in January with a high of $875. and a January low of $558. The low for the year was $453. in march. So even if you did buy on Jan.21,1980 and averaged your out buys the rest of the year ,you still have a good return.
The only reason to own paper gold is if you want to buy and sell every day or week,like you would stocks.If not you better own phycical gold or silver.
> I knew it would happen. CNBC is forcing Rick Santelli to apologise > for his honesty yesterday morning. > > I'm up for the Chicago Tea Party in July. How about you guys?
hc Good points but no one said to put all your money into gold,but it still can't hurt to have some.As far as your 1-2-3 1-You don't have to leave your gold sitting out on the coffee table,hide it.You could put 50 oz in your atic rafters under the insulation,in your basement were a burgler won't find it.there are a lot of place's to stash it.A burgler is a burgler he will take what ever he can get money for.That does not mean you should have a empty house because someone mite take it. 2-Goverment confiscation That might have worked back in the 30s.Do you think people would line up to turn it in today?The goverment can"t even stop the drug trade,billions of dollars traded in untaxed dollars every year. 3-If things are that bad that red target on your back will be for anything you have,a can of soup or beans.Maybe even that warm coat with that target painted on it. All in all it is just a commitity that will go up and down with time.
Commodities: On the Downhill Slope? [View article]
After the summer olympics in China,when they fire up all there smog (that they are trying to cut back on right now)machines,oil and metals should rise.
An Unbelievable Investment Opportunity in Gold [View article]
how come central banks want it?
why do countries go to war over it?
why do governments want to control it?
On Dec 15 04:07 AM jrainspe wrote:
> EVERY HISTORICAL PIECE OF EVIDENCE indicates that adhering to a gold
> standard worsened the worldwide depression of the 30s and delayed
> the recovery of those countries that held to it.
>
> How many times does it have to be said. THERE IS NO INTRINSIC VALUE
> IN GOLD. IT IS A MERE DELUSION AND ANTICIPATION OF PEOPLE THAT MAKES
> IT VALUABLE.
>
> Absolutely nothing has any value as a means of exchange for goods
> (money) unless it is perceived as valuable by both parties. It is
> like the fairy tale of King Miser, left to sit on his pile of gold
> with nothing to do but count it again. You can't eat it, drink, smoke
> it (although I guess your mind can get "high" on the idea of it)
> or have sex with it. It has no value, except making pretty baubles.
> It's too soft for construction, not as conductive as silver, and
> is basically inert as a chemical agent.
Gold: Despite Recent Rise, It's Still Under Water [View article]
one ounce of gold at 850.
one ounce of gold at 250.
$1100.
devided by two is 550. a 100% on your money
Do We Goldbugs Finally Have Your Attention? [View article]
So even if you did buy on Jan.21,1980 and averaged your out buys the rest of the year ,you still have a good return.
Potential COMEX Gold Fail [View article]
What Is Even More Enticing than Gold? Silver [View article]
Decoding What Gold Is Telling Us [View article]
On Feb 20 07:59 AM yellowhoard wrote:
> I knew it would happen. CNBC is forcing Rick Santelli to apologise
> for his honesty yesterday morning.
>
> I'm up for the Chicago Tea Party in July. How about you guys?
Gold, Silver and Deflation [View article]
Good points but no one said to put all your money into gold,but it still can't hurt to have some.As far as your 1-2-3
1-You don't have to leave your gold sitting out on the coffee table,hide it.You could put 50 oz in your atic rafters under the insulation,in your basement were a burgler won't find it.there are a lot of place's to stash it.A burgler is a burgler he will take what ever he can get money for.That does not mean you should have a empty house because someone mite take it.
2-Goverment confiscation That might have worked back in the 30s.Do you think people would line up to turn it in today?The goverment can"t even stop the drug trade,billions of dollars traded in untaxed dollars every year.
3-If things are that bad that red target on your back will be for anything you have,a can of soup or beans.Maybe even that warm coat with that target painted on it.
All in all it is just a commitity that will go up and down with time.
Commodities: On the Downhill Slope? [View article]
Gold: The Last Cheap Asset Class [View article]