GOLD HITS 900!!! made 25k in last 12 hours

[Conza88]

I'm from Australia

Maaaaate.. !

This may be of interest to you.

Liberty Australia

 

[matthalifax]

brilliant look forward to it coming out

 

[extrmmxer]

For the last couple months I have been obsessively following Gerald Celente, Jim Rogers and Peter Schiff. I've just absorbed everything about the financial crisis; articles, interivews, reports, absolutely everything. I've seen all different point of views and have noted the people who have no conflicts of interest, have no partisan points of views and if been mostly on the money and have taken their advice simply off all forms of media. I was brought into this idea by Ron Paul. I was a democrat before I discovered Paul.

Anywhoo back to the financial crisis this my portfolio for anyone interested

60% Gold
20% Europac
10% Papyrus Australia ppy.ax
10% Cash (AU$)

I"m from Australia so Gold has just continously gone up making new highs. I think you American's will find that the US dollar is way overvalued due to deleveraging and once it goes back down the true gold price against the us dollar will appear.


Ok so from all the information absorbed these are my predictions. I strongly believe that Gerald's Celente's prediction the crash of 09 will happen. That things will really start to fall apart in February, March so in the next couple months or a bit later (as predicted by celente just listen to some of his latest appearances). I think that gold will go through the roof at some point. I believe there's a possibility of manipulation - 'check out gata.org' for the evidence. I also think there's a high possibility the government will take action to stop people hoarding gold or put some kind of tax or something IN AMERICA. But i think most other countries will probably be fine.

The shit is really going to hit the fan when the altae and option-arm mortgages start re-setting as you can see this video (60 minutes segment that no-one seem to take notice of). http://www.youtube.com/watch?v=w_r-ASDViF8

I was thinking about the economy the other day and it occurred to me. As the ECONOMY gets worse more people are UNEMPLOYED and less people can make the mortgage payments causing higher FORECLOSURES. Which increases SUPPLY of housing which further negatively affects the Economy and the Government since so many companies and the government own these mortgage-backed securities etc etc and how housing is core to the the whole economy. See how it just goes in cycle economy gets worse again unemployment increases foreclosures increase housing prices fall economy gets worse unemployment increases foreclosures increase .......




The main reason I believe Peter Schiff, Gerald Celente, Jim Rogers

Peter Schiff: Predicted the whole financial crisis see youtube -

Jim Rogers: Did too, also was one of the only ones to predict the short term rally in the dollar

Gerald Celente: Been right fucking on the money literally. Here's a video of him in December 2007 saying we're in a recession (when everyone including Bernanke were like the economy is fine) and predicting exactly what would happen in 2008. Funnly enough on December 1st, 2008 the National Bureau of Economic Research officially declared america in recession since December 2007! See article "It's official: Recession since Dec.'07" http://money.cnn.com/2008/12/01/news/economy/recession/index.htm?postversion=2008120112Right when gerald celente was shouting on that TV show we were in the recession. My favorite line from the December 2007 interview was "7 billions dollars worth of real estate with 30 million down, who does deals like this!"

Anyway Gerald has said on numerous occasions that he has all his money in gold.

Now I don't know if you have heard about the Black Swan but it's a brilliant book which if you read you realize how much we really don't know. One thing that hit me was that it was mathematically impossible to calculate the trajectory of a billiard ball hitting another ball then another 8 times ( i'm pretty sure that's the right number) can you imagine how impossible it is to predict was is going to happen.

So I realized after reading that book that unless I actually knew what was going on in a company i just couldn't invest with them. It's just TOO RISKY. So Gold is my saviour. It's solid, it's real, it's not a promise. It's in the Mint right now but I'm going to get it delivered. It can't defraud me and I mean you'd have to be dumb not to buy Gold right now. Just go to wikipedia and look up gold and you'd find this sourced from the LSX
In general, gold becomes more desirable in times of:

Bank failures
When dollars were fully convertible into gold, both were regarded as money. However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins. If people feared their bank would fail, a bank run might have been the result. This is what happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and to outlaw the hoarding of gold by US citizens.[18] known as Executive Order 6102 which has since been ended.

Low or negative real interest rates
If the return on bonds, equities and real estate is not adequately compensating for risk and inflation then the demand for gold and other alternative investments such as commodities increases. An example of this is the period of Stagflation that occurred during the 1970s and which led to an economic bubble forming in precious metals.[19][20]

War, invasion, looting, crisis
In times of national crisis, people fear that their assets may be seized and that the currency may become worthless. They see gold as a solid asset which will always buy food or transportation. Thus in times of great uncertainty, particularly when war is feared, the demand for gold rises.[21][22]


Like an exact summary for the times ahead. Anyway Gold all the WAY!
Oh i forgot to mention so four weeks ago I put most of my money in gold about half a million it's up 15 percent !!!!!! 5 percent in the last 12 hours. Just insane

Great write up. Thanks for your personal insight. I really enjoy reading information like this. Based on your research, what do you think about silver? I think silver is at an incredible bargain.

 

[XxNeXuSxX]

yes, just a matter of how bad it gets, how good the opporunity it'll be.

Maybe it's just me, but I'm actually happy if we get deflation. History has shown that short periods of deflation lead to hyperinflation with FIAT currency. Perhaps that is already passed us because commodities are rising with our currency. I hope that's not the case.

 

[matthalifax]

silver silver silver it's a bit of a mystery. I think silver is a bit more volatile than gold so it's kind of like having a bit of leverage in gold. Silver is much more scarce the gold but does not have the reputation gold has, and i don't think it's recognised as a reserve currency even if it is no-one seriously holds silver as reserve currency while countries do hold gold as reserve currency. China is looking to increase their gold holdings which is promising. I would say it's good to hold both. But gold is safer. If you held bought gold and silver around the early parts of 2008 right now you'd be down 40 percent in silver and 10 percent in gold. IMHO it depend s how much money your investing but if you investing large amounts of money relative to your savings i think most of it should be in gold with some in silver. What does everyone else think?

 

[tremendoustie]

silver silver silver it's a bit of a mystery. I think silver is a bit more volatile than gold so it's kind of like having a bit of leverage in gold. Silver is much more scarce the gold but does not have the reputation gold has, and i don't think it's recognised as a reserve currency even if it is no-one seriously holds silver as reserve currency while countries do hold gold as reserve currency. China is looking to increase their gold holdings which is promising. I would say it's good to hold both. But gold is safer. If you held bought gold and silver around the early parts of 2008 right now you'd be down 40 percent in silver and 10 percent in gold. IMHO it depend s how much money your investing but if you investing large amounts of money relative to your savings i think most of it should be in gold with some in silver. What does everyone else think?

I think the man on the street considers silver to be every bit as much money as gold. The reason gold is performing well relative to silver now is because relatively wealthy, smart people are putting chunks of their savings into it, and they aren't interested in storing many kilo sized hunks of silver.

Once the average guy on the street wants to get money out of FRNs, he won't have enough to buy gold, and will buy silver instead. Furthermore, if we actually get to the point where PMs are being treated as everyday money, silver would be of much greater use than gold. Once either of these situations hits, I think the gold/silver ratio goes through the floor.

 

[extrmmxer]

I think the man on the street considers silver to be every bit as much money as gold. The reason gold is performing well relative to silver now is because relatively wealthy, smart people are putting chunks of their savings into it, and they aren't interested in storing many kilo sized hunks of silver.

Once the average guy on the street wants to get money out of FRNs, he won't have enough to buy gold, and will buy silver instead. Furthermore, if we actually get to the point where PMs are being treated as everyday money, silver would be of much greater use than gold. Once either of these situations hits, I think the gold/silver ratio goes through the floor.

I think silver is lagging a bit because it's partly viewed as an industrial metal. The economy put more pressure on silver because of its wide usage.

Once the industrial hangover has past than silver should close the gold/silver ratio. I'm looking for the ratio to be between 40 or 50 to 1. Silver should be about 20 an oz right now. It's actually pretty close to that on ebay.

I do think you're right, individuals will be priced out of gold and move to silver. This will help close the ratio as well.

 

[Josh_LA]

Dont get me wrong, eBay is still a good place to make a living, but its management keeps finding new and creative ways to screw its clients (eBay sellers).

I'll keep that in mind, it wasn't a response to you.

 

[Josh_LA]

ah josh see your talking non-scalable because you couldn't produce 500,000 t-shirts then sell them and I believe I said before if you haven't got more than hundred thousand to invest than small things like that obviously can be profitable but they can never make you that much money because of the scalability issues.

yes, I can.

there are businesses on eBay that specialize in cornering niche markets, they might not invest 100K at once, but definitely more than that in a year.

I know a guy who shops vintage t-shirts and flips them on eBay, at least 50-100% per transaction.

With just $10K in you hand, you can corner lots of 2nd hand markets.
With $100K in hand, you can corner a collectible coin market, limited edition fan merchandise, Christmas gifts... There's more than 3 holidays in a year, it's more than doable if you know what you're doing.

Scalability is existent, but not to make things impossible, just harder.
Also, you can't just make money and put it in a bank, you have to find a new parking spot so you don't get stuck with paper money, so yes, it's some work and time, but it's very worth it.

if you're interested, you can PM me and I can tell you more, but I am just telling you, if you have money, you can do LOTS of things. And 10% a month is NOT unrealistic, it's the only acceptable "profit" in my book.

 

[Josh_LA]

fuck yeah can you tell me how to do this. I reallly want to do this what do i do to do it?

careful, don't get too greed too soon.

keep in mind, forex, like stock, only works for people who have time to trade back and forth.

 

[Josh_LA]

Maybe it's just me, but I'm actually happy if we get deflation. History has shown that short periods of deflation lead to hyperinflation with FIAT currency. Perhaps that is already passed us because commodities are rising with our currency. I hope that's not the case.

not just you, I'm happy too.

 

[roho76]

we seem to have a lot of independently wealthy people on these boards

I was a stupid spending American before the RP campaign forced me to search for the truth behind money and the government. I had know idea about gold before all this. I wish I could go back about 5-6 years and start over.

 

[Josh_LA]

Boy, are you throwing around those ad hocs and straw men today. You said that 5% returns on your investment is not a lot. I said that making 5% profits on investments in anything less than two months is a big thing. I didn't say ANYTHING about the amount of time that it takes to close a deal or the volatility of stocks/commodities/options/etc. Well let's see. If you make exactly 5% profits on your investments every two months that would be 30% profit over a year long period. In other words, if you invested $10,000, at the end of year one you would have $10,000 x 1.3 = $13,000. Compare that to the average stock yield of 10%, which would net you only $1,000 in profits.

My basic point was that maybe you should reconsider your statement that 5% gains aren't much. They can be very much in such a short time period. If you really believe that gold is so volatile that it'll come back down, wiping away those gains, you should have stated that instead.

No I will NOT take it back, because I know my math.

5% in less than 2 month is NOTHING.
I expect 10% every month in any business I do.
30% in a year is not bad, but that's either assuming you have a steady growth, or a few lucky turn overs that can overcome fees.
Especially consider whether you trade stocks, or metals, fees are 8-12%, so 5% in appreciation won't even be able to be sold for profit after fees.

 

[Paulitician]

That's awesome man, are you taking any profits off the table at this point? I'm just a poor little student, but I were in your shoes which I'm obviously not, I would at least take some.

 

[Paulitician]

Wasn't gold about $800 a month ago?

I think it was 800 last Wesnesday.

Anyone else worried gold is getting a little toppy? 15% in a few months is very good, since on average, it takes a year to make that sort of money on gold (of course, if you're a good trader, you can make much more):

From GoldMoney.com

Also, gold already appreciated 30% in Aussie dollars. That's why I ask if you've taken any profits yet, because as Zippyjuan mentioned, you may be up whatever percent, but unless you sell some gold, you still haven't made any profits yet. But who knows, gold could still rally to March like it did last year. Many people are expecting gold to rally until the spring, so maybe gold has more to go? Just seems like it's getting relatively risky. Of course, if you're in it for the long haul, and don't care to make any profits in the short term, then it doesn't matter.

 

[matthalifax]

look i'm holding. My strong belief is February, March and April this year are going to be the economies breaking point. This is when I think gold will start to make its move. I also have a plan in case it goes down at some point. If at any time gold goes back down to (for the sake of this point i'll use USD dollars to explain it to you.) 810 (where I first bought gold, you can set your own kinda margin call wherever you want based on the risk you want to take on), as soon as it hits below 810 I will sell and if it continues to go down I hold out in cash and as soon as it rises back up to above that I will buy again. You could also benefit from buying some cheap gold in that period as well. Hopefully you will be able to recoup the trading fee cost of doing this by buying the cheap gold but I think it's worth it regardless because you have completely removed most of the risk for yourself.