I'm referencing the following article on this topic:http://www.bloomberg.com/news/2011-10-18/bofa-said-to-split-regulators-over-moving-merrill-derivatives-to-bank-unit.html It seems that the next round of bailouts may dwarf those in the past if the government is going to be guaranteeing that $75 trillion. This could be what triggers hyper inflation in the US Dollar, which is already under incredible pressure and is seeing inflationary impacts we've never seen since the 1970s already. The price of gold and silver are currently depressed, down significantly from their high mark a few months ago, and if the US taxpayer ends up holding the bag for this $75 Trillion, everyone is going to wish they bought silver and gold today.
Oh I wish the numbnuts in DC would stop playing with these numbers like they're play money. They're helping the problem IMO. Just running the economy in the gutter. I don't trust in the economy right now BECAUSE of what Congress and the President do in their policies.
Peter, I think we should wait until Nov 2012. If Obama wins another term, then for sure the bullion value will go up. But if Mitt Romney wins the race, then there is a chance that the value of USD will increase and as a result, the prices of gold and silver will go down. But it doesn't matter if you plan for the long term. From my experience, I can say that gold and real estate are the best long term investments.
It would still be a good idea to occasionally buy a little amount of Gold & Silver, just to have some.
I have been lucky and have had a few dollars to invest in gold and silver in the past. However, the price has went up so much lately, that I have not had the extra funds to continue purchasing gold and silver. I am hoping that what I have on hand will be enough to get me through any problems that occur in the future. I am currently putting money aside for future purchases. I think your recommendation is excellent, but I also believe now is a time to invest in properties.
Yep, quite a difference in price from when I first posted this thread until now. Roller-coaster like.
So true, but I agree that we need to purchase gold and silver as an investment and possible other form of currency.
I think of it less as an investment vehicle and more of a hedge against hyper-inflation or the total collapse of our currency.
I have been trading my worthless pieces of paper into precious metals for a few months now. I really think that they will be the form of money (Gold and/or Silver Standard) once this whole fiat currency crash is over with. And I hope so because it is the ONLY trusted money that can actually hold its value over long periods of time.
There are a lot of people who think like that. I'd rather not see it come to that, perhaps introducing some kind of gold standard again would be a good way to avoid a total collapse of our economic system. Of course I doubt that will happen though, but it sounds better than the alternative.
Thats too log to wait until nov . I think early move would benefit more than waiting and seeing the game. Thanks
