Alot of fear mongering going on here...

[cbc58]

take all these "sky is falling" posts with a grain of salt. Yes the economy is contracting and yes things will slow. The people who want to sell you gold are pushing for it while others say that it should go down in a deflationary period.

don't spread fear because it will only make things worse. many people don't have a clue what they are talking about and only regurgitate what they hear from others.

 

[LiveFree79]

take all these "sky is falling" posts with a grain of salt. Yes the economy is contracting and yes things will slow. The people who want to sell you gold are pushing for it while others say that it should go down in a deflationary period.

don't spread fear because it will only make things worse. many people don't have a clue what they are talking about and only regurgitate what they hear from others.

This is 2008 not 1930. Gold will be worthless as time goes on.

 

[noxagol]

This is 2008 not 1930. Gold will be worthless as time goes on.

FRN's will be worthless as time goes on, gold that much more valuable.

 

[Dr.3D]

FRN's will be worthless as time goes on, gold that much more valuable.

True, gold can never become worthless.

 

[LiveFree79]

3/4 of all the people spouting this gold BS are charlatans. You guys are the Mona Vie of gold! LMAO! Trust me in the next 50 years gold will be all but worhtless.

 

[ShowMeLiberty]

3/4 of all the people spouting this gold BS are charlatans. You guys are the Mona Vie of gold! LMAO! Trust me in the next 50 years gold will be all but worhtless.

LF, you claimed to be a twenty-something living paycheck to paycheck in another thread. What about that would make older, more experienced people trust you over other older, more experienced people?

To the OP - I haven't seen any of the people here who promote having gold and silver on hand trying to sell any gold or silver. If that were the case, then yes, we would be wise to consider the source. It seems to me, though, that these are all well-intentioned information only posts.

If we are just "regurgitating" what we hear from others, it's others like Ron Paul, Peter Schiff and Jim Rogers. Considering how accurate they have been in the past, wouldn't it would be pretty silly to ignore what they say now?

 

[Ozwest]

take all these "sky is falling" posts with a grain of salt. Yes the economy is contracting and yes things will slow. The people who want to sell you gold are pushing for it while others say that it should go down in a deflationary period.

don't spread fear because it will only make things worse. many people don't have a clue what they are talking about and only regurgitate what they hear from others.[/quot

Sorry ,

But I don't think you will ever get it.

Trust your government.

Corporate fascism is your beacon.

Bunny

 

[newyearsrevolution08]

True, gold can never become worthless.

not until people stop making jewelry and using it as a status symbol.

It will carry value just like the FRN's do, the value is in the eye of the beholder.

 

[tonesforjonesbones]

Well don't forget, the same people who regulate the interest rates and printing of money...regulate the price of gold. You know, "congress" lol...who have outsourced their authority to the fed. I believe it's good to have some gold and silver, but don't put all your eggs in one basket...if you have any eggs. Tones

 

[cbc58]

I'm not talking about schiff, paul and the others.

The people trying to push gold and silver post pro-PM articles and they have alot of followers. Others think gold should go down to the low 700's or even low 500's based on a deflation situation.... or lower

my point was that no one knows what's going to happen and creating fear doesn't help. people should do research for themselves and come to their own conclusions.

 

[Highland]

I'm not talking about schiff, paul and the others.

The people trying to push gold and silver post pro-PM articles and they have alot of followers. Others think gold should go down to the low 700's or even low 500's based on a deflation situation.... or lower

my point was that no one knows what's going to happen and creating fear doesn't help. people should do research for themselves and come to their own conclusions.

Schiff needs to relax.....all the stuff about marshall law makes people live in fear without any instruction on how to think strong. God is with us...God brought us Ron Paul...and thank you Ken Snyder for encouraging him to run.

 

[IChooseLiberty]

not until people stop making jewelry and using it as a status symbol.

It will carry value just like the FRN's do, the value is in the eye of the beholder.

Not quite. Gold is a rare element with many properties that make it's value intrinsic. It's value is only partly in the eye of the beholder while the majority of it's value comes from it's rarity coupled with it's usefulness... and it's usefulness far exceeds it's use as jewelry/status.

 

[Ozwest]

Schiff is for the most part right.

Take a pill and relax.

It's only 700 billion dollars....

No wonder you guys are fucked.

Go to Disneyland, take your pretend muskets with you.

 

[danberkeley]

I'm not talking about schiff, paul and the others.

The people trying to push gold and silver post pro-PM articles and they have alot of followers. Others think gold should go down to the low 700's or even low 500's based on a deflation situation.... or lower

my point was that no one knows what's going to happen and creating fear doesn't help. people should do research for themselves and come to their own conclusions.

The spoiler to your conclusion is a run on the dollar. But yeah, I agree with you, people should do their own HW.

 

[Ozwest]

The spoiler to your conclusion is a run on the dollar. But yeah, I agree with you, people should do their own HW.

No credit.

 

[Ozwest]

The debt is soon to be paid.

 

[cbc58]

what's to say that china, the saudis and other major debt holders don't forgive a large portion of debt in a surprise announcement. who's screwed then?

 

[Ozwest]

what's to say that china, the saudis and other major debt holders don't forgive a large portion of debt in a surprise announcement. who's screwed then?

I think what you mean, as bankers , they can make the call.The theory goes that Americans are the world's major consumers, and lenders will not call in the debt.

Risky.

You might be drawing to an inside straight.

 

[cbc58]

no, i don't mean call it, i mean forgive it... as in it's gone for good.

 

[fj45lvr]

Gold will be king for a long long time. Not because of its ductile nature or its ability for use in electronics. But simply because BILLIONS of Chinese and Indians are going to be the most prosperous countries in the world and want their wives, daughters and girlfriends to get some BLING.