WannaBfree
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Gold Breaks $700!
- Thread starter WannaBfree
- Start date
Ammo and guns are a good investment and prices of ammo are on the rise also!
WannaBfree
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don't forget food!
that's going up in price too
that's going up in price too
sickmint79
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so, all i own is silver. why isn't silver following!! it's like 7% lower than pre-dow dip levels, gold is up like 7%!
sickmint79
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it's either not a store of value anymore or it's just undervalued right now. i prefer to think the latter. silver actually has a lot of outstanding industrial uses (best conductor of electricity and heat; kills all bacteria instantly, etc) so i think silver will go up and in the long run it will really go up.
markpa
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China has recently begun to sell of Tbills and most likely putting it into Gold since they have not been buying any other currency with the $. That's most likely why Gold has shot up and silver hasn't. I still think Silver is a great investment though. Hell the worst investment right now is the US dollar so you can't go wrong with Silver or Gold….. or materials such as food for that matter.
governmentwaste
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Gold Silver Oil
Gold is the de facto currency, prior to silver. There is no reason for it. Human beings prefer gold. All metals work on supply/demand, but Gold always gets the biggest bounce in a time of nervousness.
Oil is the ultimate commodity. It is the necessary evil. It is the reason for so many of our problems.
The peak oil theorists are going mainstream. There is a growing concern that 85 million barrels a day is as good as it gets. The major oil fields are on the other side of the bell curve.
China and Japan are starting to diversify their reserves, and Russia is planning a commodity exchange in Rubles soon. With 9 trillion in national debt and sixty trillion in total obligations, the US is an ugly investment for foreigners. The dollar is supported only by the fact that commodities are traded in dollars. The pressure to change this is growing and growing. The US trade imbalance and the national debt are just ugly, getting uglier.
I keep liquidity in this fund, MERKX. I highly suggest you take a look. Smaller oil/gas companies with oil reserves are a must for all portfolios. If you hate oil companies, I understand.
Gold is the de facto currency, prior to silver. There is no reason for it. Human beings prefer gold. All metals work on supply/demand, but Gold always gets the biggest bounce in a time of nervousness.
Oil is the ultimate commodity. It is the necessary evil. It is the reason for so many of our problems.
The peak oil theorists are going mainstream. There is a growing concern that 85 million barrels a day is as good as it gets. The major oil fields are on the other side of the bell curve.
China and Japan are starting to diversify their reserves, and Russia is planning a commodity exchange in Rubles soon. With 9 trillion in national debt and sixty trillion in total obligations, the US is an ugly investment for foreigners. The dollar is supported only by the fact that commodities are traded in dollars. The pressure to change this is growing and growing. The US trade imbalance and the national debt are just ugly, getting uglier.
I keep liquidity in this fund, MERKX. I highly suggest you take a look. Smaller oil/gas companies with oil reserves are a must for all portfolios. If you hate oil companies, I understand.
markpa
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I found an article in the MSM that relates:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/05/bcnchina105.xml
Is China quietly dumping US Treasuries?
governmentwaste
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China has announced that they will diversify
China started an investment enterprise to diversify some assets out of dollars.
The gigantic issue is commodity trading in dollars. All countries have to keep dollar reserves to buy oil and other commodities.
This is the #1 reason behind invading Iraq. Saddam started trading oil in Euros.
Iran is trying.
Venezuela is trying.
Russia is going to.
Is it not obvious that these are the most hated countries? They all want to trade their commodities in Euros, Rubles, or whatever.
If oil was traded in Euros, countries would not have to hold so many dollars in reserves.
The US has a huge advantage in the world. We can print money to buy any commodity. This is the power behind the US.
China started an investment enterprise to diversify some assets out of dollars.
The gigantic issue is commodity trading in dollars. All countries have to keep dollar reserves to buy oil and other commodities.
This is the #1 reason behind invading Iraq. Saddam started trading oil in Euros.
Iran is trying.
Venezuela is trying.
Russia is going to.
Is it not obvious that these are the most hated countries? They all want to trade their commodities in Euros, Rubles, or whatever.
If oil was traded in Euros, countries would not have to hold so many dollars in reserves.
The US has a huge advantage in the world. We can print money to buy any commodity. This is the power behind the US.
lucius
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I am now lighter in Federal Reserve Notes and feeling like a pirate. I was amazed by how nobody in the shop had a clue who Dr. Paul was...argh...burning Dr. Paul dvds as we speak and I going back there tomorrow for some 're-education'. I am tight with owner and he will let me put out stacks of slim jims/bumper stickers. Geez, they are buying raw 2XEagles at $745 ea. selling at $775. I picked up junk (90%) at $8.70 face...
How quickly could one transfer funds out of an IRA and into a Gold Fund like Merxkx? OR buy gold? We dont know the first thing about commodities - can someone help - its for my 60 yr old rents....I was thinking asap we move 1/3 or 2/3 of their portfolio ove rto gold/commodieties type basket..... they dont have alot of money so preservation and modest growth at thsi point is key.
Are funds the way to go in this case or do you just buy gold outright and if so where is it kept? Can someone give me a crash course? Thanks.
Are funds the way to go in this case or do you just buy gold outright and if so where is it kept? Can someone give me a crash course? Thanks.
governmentwaste
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Rp4me
You can use the private email if you like. I was an investment advisor for many years.
I have quite a bit in that MERKX. It is a place to park money to preserve capital, if you believe the US Dollar continues to fall. The fund manager is on CNBC often. They have a web site for the fund, Merk Hard Currency Fund, and the website has a library of those interviews.
People will still need currency. That MERKX has some gold, but it is mainly a money market fund invested in strong currencies, such as the Euro, Swiss Franc, Canadian $, Aussie $, ... In essecence, it is a money market fund that preserves capital. The idea is that the dollar is a stinker.
You can use the private email if you like. I was an investment advisor for many years.
I have quite a bit in that MERKX. It is a place to park money to preserve capital, if you believe the US Dollar continues to fall. The fund manager is on CNBC often. They have a web site for the fund, Merk Hard Currency Fund, and the website has a library of those interviews.
People will still need currency. That MERKX has some gold, but it is mainly a money market fund invested in strong currencies, such as the Euro, Swiss Franc, Canadian $, Aussie $, ... In essecence, it is a money market fund that preserves capital. The idea is that the dollar is a stinker.
WannaBfree
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Silver will also do well but there might be a point as the economy crashes when industries won't be buying up so much. Silver is used in a lot of items.
Gold has shot up $30 very quickly, so don't be too surprised if it drops a little. Don't follow it with a microscope and worry about every little drop. Look at it terms of 6 months or so. But I do think people getting into it now might see it rising very quickly.
I don't wish to give anybody here financial advice, but I can tell you a story. I had convinced a friend to sell his house last year and get into gold and silver. He is out of debt and is watching the real estate market collapse, and gold has gone up $100+.
You'd think he'd buy me dinner - jeez.
Gold has shot up $30 very quickly, so don't be too surprised if it drops a little. Don't follow it with a microscope and worry about every little drop. Look at it terms of 6 months or so. But I do think people getting into it now might see it rising very quickly.
I don't wish to give anybody here financial advice, but I can tell you a story. I had convinced a friend to sell his house last year and get into gold and silver. He is out of debt and is watching the real estate market collapse, and gold has gone up $100+.
You'd think he'd buy me dinner - jeez.
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