bagman432

Interview with Miguel Perez-Santalla: How Far Will Precious Metals Fall?

Whatever gold, silver, platinum, or palladium do over the short to medium term doesn't really matter. The key is what the dollar and other G7 currencies do over the long term. The answer to that is pretty clear. As long as the governments of the G7 (especially the U.S.) maintain foolish monetary policy it's only a matter of time before all precious metals skyrocket. As far as earning interest on my metals, who cares. The main interest is that I protect my family from the inevitable crash & burn that is sure to come.

G20 and IMF Gold: A Late April Fools'

The one thing I am certain of, when the you know what hits the fan, the average investor will rush to exchange their soon to be worthless fiat currencies for hard assets. When that occurs they will find that gold, silver, platinum, and palladium supplies will be impossible to buy without huge sums of cash. The manipulation we see daily in these markets will fail to hold back the tidal wave of demand. In the meantime let Gordon Brown and the IMF sell every ounce they have to drive the price down enough for me and other believers to increase our positions (assuming the Chinese aren't buying every ounce).

In the end, if I survive the chaos sure to follow, I'll look back at this time as one where even in the most obvious of circumstances, most people have nothing invested in the only real money out there.
It is so sad.

The Dollar's Tipping Point

Basically a good article that makes sense and your advice is sound.

My main argument is with your comment regarding the likely price of oil, gold, and other commodities should the dollar be replaced as the reserve currency. If this happens expect oil & gold to soar 3 to 5 times your prediction. Most other commodities, as they are priced in dollars, will double, triple very quickly.

Contrarians: Time to Ditch Gold, Look at REITs

Here's a contrarian play for you.

Sell gold & silver and buy AIG, Fannie, Freddie, Citi, Bank of America. If REITs are ready to make a comeback these stocks should come back as well. Yeah, right!

No Gold Bubble

Sorry, you are mistaken about silver, platinum, & palladium. When the dollar crashes which at some point seems inevitable, it's clear that all precious medals and most commodities will rise together. Gold is great but don't think for a minute that it's going up while the other precious metals languish. In fact, don't be surprised if silver does substantially better. The reason is simple. As the majority of middle class Americans wake up to the fact that their life savings are being wiped out by a major dollar devaluation you better believe they'll be buying the less expensive metal first.

Gold Bubble Still Expanding - Canaccord

You're entitled to your opinion even if you are a dumbass. How do I know this? Quite simple. I can call Monex or Kitco and the salesperson is always available in seconds. They also have no problem talking for twenty or more minutes about subjects unrelated to precious metals
I asked them what's going on with their business and they both said that while they are busy they're dealing with a relatively small percent of the population. Does this sound like a bubble?

I suggest you wake up and toss the crap you've been smoking.

The Manipulation of Gold Prices

I believe the law allowing the confiscation of gold is still on the books from the Roosevelt days. I would keep your gold holdings as close as possible under the circumstances.
Michael


On Dec 04 02:37 PM mayeeden wrote:

> My question is at what price level is the confiscation of gold triggered?
> Surely those thrifty souls who are holding gold bullion instead of
> fiat wood pulp with cheap green ink splattered on it will be forced
> to give up their stashed metals to the very ones who have destroyed
> the currencies of the world. At $2000, $3500, $5000 or higher. The
> gold bug is their enemy and they are thieves, so they will surely
> pass laws to confiscate gold eventually. Any insights or opinions
> out there? Thanks.