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<p>[QUOTE="Vess1, post: 1014277, member: 13650"]I have a few that were mainly purchased in 08. People that have any are few and far between.</p><p> Don't really know where this story is going now. I've tried to forget about the squandered opportunities of 2000 and 2001. Purchased a few things in 08-09. Look back now at how much melt value has already increased on everything since then (silver and gold) and it's simply amazing. </p><p> 800/oz is looking so cheap now. Everybody thought that was insane a very short time ago. It's going out of control now. </p><p><br /></p><p> Silver has huge upside. Gold seems to be a high risk/high reward gamble. Nothing would surprise me from here on out. On one hand, I could see it come crashing down if the economy somehow finds a way to stabilize again and there isn't so much panic. You just don't know how many new buyers are in the market right now that have never been there before. The problem is, we haven't been able to actually see what would happen with gold during a recovery in the past 10 years because we haven't had one to experience! </p><p> On the other hand, things could get worse. It's easier for problems to continue than it is for everything to be solved. Interest rates continue to go lower and there's no end in sight for how much money the government will create out of thin air going forward. We know that will not end. That is a given. So in that sense, you can't lose buying anything tangible. It will pay off with time. Relatively short time at the rate we're going. </p><p><br /></p><p> The $250 you had in your pocket in 2001 is the same $250 you have today. Only you could buy an ounce worth back then. Now you can't even get 1/5th of an ounce with it. That's what scares me. Hasn't even been 10 years. What happens in another 10 years? $5k gold? We've seen a 550% increase over 9 years. Why not? <b>This coincides with record deficit spending that the US has never seen before.</b> <u><b>1 trillion a year</b></u> <b>now. People fail to understand this.</b> (Keep in mind 3 to 400 billion <u>record</u> deficits <u>were </u>a big deal in the mid 2000's, but that's a distant memory now. Now that would be cheap and almost successful management.) </p><p><br /></p><p> People just think all this will magically go away, a new 90s will begin, everything will be great and the slate will be wiped clean. Unfortunately, we can't go back. There's been irrepairable damage done. </p><p> You could wait and see gold hit $2000+ next year. The buying power of everybody's beloved cash is evaporating before our eyes. It's a sad thing to say but seems rather obvious at this point.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1014277, member: 13650"]I have a few that were mainly purchased in 08. People that have any are few and far between. Don't really know where this story is going now. I've tried to forget about the squandered opportunities of 2000 and 2001. Purchased a few things in 08-09. Look back now at how much melt value has already increased on everything since then (silver and gold) and it's simply amazing. 800/oz is looking so cheap now. Everybody thought that was insane a very short time ago. It's going out of control now. Silver has huge upside. Gold seems to be a high risk/high reward gamble. Nothing would surprise me from here on out. On one hand, I could see it come crashing down if the economy somehow finds a way to stabilize again and there isn't so much panic. You just don't know how many new buyers are in the market right now that have never been there before. The problem is, we haven't been able to actually see what would happen with gold during a recovery in the past 10 years because we haven't had one to experience! On the other hand, things could get worse. It's easier for problems to continue than it is for everything to be solved. Interest rates continue to go lower and there's no end in sight for how much money the government will create out of thin air going forward. We know that will not end. That is a given. So in that sense, you can't lose buying anything tangible. It will pay off with time. Relatively short time at the rate we're going. The $250 you had in your pocket in 2001 is the same $250 you have today. Only you could buy an ounce worth back then. Now you can't even get 1/5th of an ounce with it. That's what scares me. Hasn't even been 10 years. What happens in another 10 years? $5k gold? We've seen a 550% increase over 9 years. Why not? [B]This coincides with record deficit spending that the US has never seen before.[/B] [U][B]1 trillion a year[/B][/U] [B]now. People fail to understand this.[/B] (Keep in mind 3 to 400 billion [U]record[/U] deficits [U]were [/U]a big deal in the mid 2000's, but that's a distant memory now. Now that would be cheap and almost successful management.) People just think all this will magically go away, a new 90s will begin, everything will be great and the slate will be wiped clean. Unfortunately, we can't go back. There's been irrepairable damage done. You could wait and see gold hit $2000+ next year. The buying power of everybody's beloved cash is evaporating before our eyes. It's a sad thing to say but seems rather obvious at this point.[/QUOTE]
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