gold 80 $ up!

[Guzabuza]

Silver futures, physical silver, and goldmoney silver.

I have given up on mining stocks since i have no trust in stocks anymore, but First Majestic and Silver Wheaton were my holdings for the past 4 years. Good companies.

 

[Guzabuza]

Gold soonish to be down 80$ !!!!

Such a obvious take down this was. The fuckers have become so obvious that even retail investors are able to spot the take downs in advance. The sad thing is that the US SEC, CFTC are all payed and bought for by the big boys. Same people in Europe also. SIgh....


Oh well... the game continues....

 

[Cowlesy]

I love these threads.

Like clockwork...

 

[John F Kennedy III]

Always buy physical.

 

[Zippyjuan]

Wohoo! Gold down $32. Wait- should that be celebrated or not? Depends. Are you buying or selling today? Or holding? ($1587 today- was $1620 just a few days ago when the thread began). Like everything, it goes in both directions- up and down.

If it is up- Genius! If it is down- Market Manipulation! If you are in it long term you don't care what it did this week.

 

[Bossobass]

If it goes up another 18% ($280 an ounce higher) it could match its high from August 2011 of $1900.

In August 2011, the USDX was 75. Today, it's 82+. The last time it was 82+ was in 2010 and gold was $1250, so gold is rising significantly against the USD.

Watch gold go up when the dollar hits 75 again.

 

[NoOneButPaul]

Wohoo! Gold down $32. Wait- should that be celebrated or not? Depends. Are you buying or selling today? Or holding? ($1587 today- was $1620 just a few days ago when the thread began). Like everything, it goes in both directions- up and down.

If it is up- Genius! If it is down- Market Manipulation! If you are in it long term you don't care what it did this week.

My feeling with all precious metals is you really can't watch it week to week but more like year to year...

As long as the world works on funny money I believe that gold will win out over 10-20-30 years that any stock will.

I mean... 41 years ago it was 35$ an ounce....

Even if you had bought into the panic of 1980-81 and bought all the gold you could right then and there at 850$ an ounce, and hated yourself for years because it went straight down as time went on (and by 2000 it was only 250$ an ounce) even if you had felt like you had ruined yourself for all that time... well look what happened...

I know 30 years is an incredible time to wait but in the end that poor man ended up DOUBLING his investment in August 2011 and that's a scenario where he bought at the worst time in history. The people who bought in when it was at 250$ have cleaned up.

As the world market crumbles further, which we all know that it will, precious metals will only go up... first, because they always do when the market tanks because the FREE MARKET trusts it stores its wealth physically better than anything else AND because as the dollar is devalued further to prop up the whole toxic system gold will continue to rise from the rapid amount of inflation alone.

Also, if the entire economy falls apart and we are back to square 1, gold will most definitely be one of the best chips on the barter market.
If the government takes over the economy completely- eliminating money all together, only debit cards, tracking everything- then gold will still hold value in the underground economy that is destined to spring up from a fascist system like that.

1) Guns - Ammo
2) Gold
3) Garden

The 3 G's are your best investments imo.

And if i'm wrong, and somehow the system is saved the way THEY want to save it, gold will have found a new home in computer technologies anyway and as we enter into a world that is totally globalized, and computerized, then gold will only be in more demand. And my personal opinion is that as time goes on we will find only more and more uses for it technologically...

Finally, if the system is saved the way WE want it saved eventually the United States would allow free coinage and/or back it's dollar in gold. Meaning anyone with gold would make a fortune one way or another.

It's literally the best investment on every level. But you must buy it and hoard it.

 

[AmericasLastHope]

In August 2011, the USDX was 75. Today, it's 82+. The last time it was 82+ was in 2010 and gold was $1250, so gold is rising significantly against the USD.

Watch gold go up when the dollar hits 75 again.

And silver was under $20 back in 2010.

 

[Guzabuza]

the lower the better! When the sheepels experience their first bank holiday then all losses in gold will be reversed in mater of hours!

 

[flaversaver]

Silver futures, physical silver, and goldmoney silver.

I have given up on mining stocks since i have no trust in stocks anymore, but First Majestic and Silver Wheaton were my holdings for the past 4 years. Good companies.

Where do I buy said items? I've got a brokerage account with Scottrade if that provides any guidance. I'm really only familiar with buying stocks and funding my IRA