i want to break free

Actually I don't buy the investment scenario with gold, if you buy it as an investment then you are playing a dangerous game. I look at gold in a far more traditional way, a long term insurance policy - thinking of it merely as wealth preservation and no more. Governments and banks do not hold gold as an investment, but rather as an insurance policy. And that is how it should be viewed.

 

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When are we coming over?

 

i agree with you 100%
if your not in you cant win
and over the next 5 years gold will still come out on top
dave
ps i hope your not after the soup lol

 

http://www.youtube.com/watch?v=9hMrY8jysdg

 

Guess Freddy broke free......

 

Freddy push daisy now and not...

 

Well, it depends on how you define "dangerous." I'm fairly certain I'll never sell at the top. I think it will be a lot like the 1970s. Very few people got a chance to sell their gold at $800+ [except the liars], but folks who got in at $100 or $200 had many opportunities to exit at $500 to $600. That's good enough.

 

Gold really is not in this alleged bubble, otherwise it would be appreciating and depreciating in greater shocks, the rises over the past four years have been sustained - which is less a reflection of demand for gold and more a demand for an alternative to a sinking down the toilet bowl dollar. Of course there are profit takers along the way, and they drive the price down a bit from time to time, but the overall trend is in one direction.

 

I have a question for those that want to sell gold right now.

If all of the printing by the FR isn't causing speculation both ways (dollar down/PM's up) then what is it going to take for the dollar to actually go down and for gold to go up?

If you guys believe gold is at the top or near top and it's going to fall back down to say $1100....heck maybe even below that....like $1090....

Then what would be the cause for that? Just pure speculation that gold right now is a bubble? About a $100 bubble?

 

:hug:
well said
dave

 

Actually if there is a bubble or a trace of a bubble left anywhere it is the once almighty dollar. With the Fed increasing the money supply faster than Charmin can print toilet paper, it doesn't take rocket science to realise that all that money is going to cause a glut of cash which will result in inflation in unheard of veracity in America in the next few years.

Why does toilet paper factor you ask, well, in Zimbabwe, when their dollar depreciated and completely lost value multiple times, they were so busy printing money by the bucket full that toilet paper was neglected and the whole country went without the basic necessity until it was imported from S. Africa finally. A country that was self sufficient, could feed itself, was a net exporter and literally the Pearl of Africa, when inflation hit, people couldn't feed themselves, let alone wipe their bottoms.

In the end, sorry for the pun, toilet paper will be a lot more important than the dollar. Dollars will only be good for starting fires, but little else. And how often do you need paper to start a fire? Toilet paper is a basic necessity. Hopefully there will be some to buy with your gold.

 

I've read up on Zimbabwe and Argentina, I may not know the entire history and cause but I have the general idea. It seems no one in US gov't wants to know or read up on other countries histories because nothing bad can ever happen to the almighty U.S.

 

Uh huh. Yeppers, I know lots of people that grew up in a system of government that would take care of them from cradle to grave and then pulled the rug out from under them, they lost everything because of government dissolution, change of country, money lost all value, jobs went away. Never say never baby, can happen anywhere.

 

Yeah the Argentinian situation almost looks like a blue print of today's crisis in the U.S. I just looked at the USD index, no wonder gold is making such a quick move up hill, it finally broke the 75 number and currently is at 74.4!!

I'm so happy I've been able to convert my mom, told her all about gold and had her buy some bullion last month. Not much, but MUCH better returns already than her joke of an interest rate at the bank!!

 

iceland come,s to mind

dave

 

Good one, forgot about iceland....

 

At least Iceland has those thermal bath things from all the volcanic activity. They will probably be mail ordering off their women soon to pay all the losses there.

 

but you have to feel sorry for the people there
yep the bankers again are blame got to gready
and then just closed the doors
dave

 

Where can one subscribe to these catalog of women?

 

Sorry for this OT question, but what is this credit/purchase thing that this site is offering? Why do I have a credit link under the number of posts I have?

I can't seem to figure out what this is all about?