GOLD or SILVER?

[Renegades]

What are you talking about moron? What does this have to do with the value of gold and silver? Rather than Bush, Bernake, and Paulsen in cahoots, I'm sure it was Bush, economists from the banking industry, University think-tanks, the Treasury Dept, abd the Federal Reserve. We are in new territory, playing by ear. Go back to Ruby Ridge you nut.
Anyway, gold had hit a high $750 per ounce around 1980 then declined and never recovered until this year. Today it's at what? $874? It took 28 years to make 16%. Those buying gold NOW are fools.

 

[luke-gr]

What are you talking about moron? What does this have to do with the value of gold and silver? Rather than Bush, Bernake, and Paulsen in cahoots, I'm sure it was Bush, economists from the banking industry, University think-tanks, the Treasury Dept, abd the Federal Reserve. We are in new territory, playing by ear. Go back to Ruby Ridge you nut.
Anyway, gold had hit a high $750 per ounce around 1980 then declined and never recovered until this year. Today it's at what? $874? It took 28 years to make 16%. Those buying gold NOW are fools.

Something Ive been wondering about.....is that $750/oz back in 1980 an inflation adjusted price?

 

[Renegades]

Something Ive been wondering about.....is that $750/oz back in 1980 an inflation adjusted price?

Yes, if gold sold at $750 in 1979 and it would have to be worth at least $3000 today to keep up with the effect that inflation has had on a 1979 dollar. That means that gold has been the single worst performer since it became legal to own as a commodity instrument.

 

[Renegades]

 

[Ozwest]

Yes, if gold sold at $750 in 1979 and it would have to be worth at least $3000 today to keep up with the effect that inflation has had on a 1979 dollar. That means that gold has been the single worst performer since it became legal to own as a commodity instrument.

And the stock market has performed with magnifigance...

But about a year ago I liquidated and put twenty percent of my money into gold.

I doubt you have out-performed my portfolio.

Gotta move with the times bro.

 

[Renegades]

And the stock market has performed with magnifigance...

But about a year ago I liquidated and put twenty percent of my money into gold.

I doubt you have out-performed my portfolio.

Gotta move with the times bro.

All I've said is that gold is a poor choice of investment. The idea is buy low, sell high. I'm saying those who buy it now have made a poor choice, in fact stock is much better right now. This is why people who bitch about the rich getting richer have nothing to complain about, they are allowed to participate in the Capitalist system and accumulate wealth when they retire.

Gold is now re-approaching a 30 year high; last time it did that it met a resistance level this last February and fell back after it met resistance.

The stock market is approaching a three year low, it reached a high last October at 14,000. Figure it out.

We are in a Bear market, most bear markets last less then a year and after the bear market there is a rapid retracement of the old highs, generally in 18 months. The normal status quo of the capital markets is growth so therefore its quite reasonable that the DOW will be back in the 14,000 range in at least 2 to 3 years.

There is nothing wrong with the stock market. The bear market now is a result of excessive bullish real estate market causing a bubble burst in the real estate market.

 

[Ozwest]

All I've said is that gold is a poor choice of investment. The idea is buy low, sell high. I'm saying those who buy it now have made a poor choice, in fact stock is much better right now. This is why people who bitch about the rich getting richer have nothing to complain about, they are allowed to participate in the Capitalist system and accumulate wealth when they retire.

Gold is now re-approaching a 30 year high; last time it did that it met a resistance level this last February and fell back after it met resistance.

The stock market is approaching a three year low, it reached a high last October at 14,000. Figure it out.

We are in a Bear market, most bear markets last less then a year and after the bear market there is a rapid retracement of the old highs, generally in 18 months. The normal status quo of the capital markets is growth so therefore its quite reasonable that the DOW will be back in the 14,000 range in at least 2 to 3 years.

There is nothing wrong with the stock market. The bear market now is a result of excessive bullish real estate market causing a bubble burst in the real estate market.

You are full of shit.

Gonna make money from the stock market in the next 18 months? Good luck.

I do better with my money in the bank earning diddly squat.

I'm reckoning Gold will out-perform both.

Let's compare in 12 months.

 

[Renegades]

You are full of shit.

Gonna make money from the stock market in the next 18 months? Good luck.

I do better with my money in the bank earning diddly squat.

I'm reckoning Gold will out-perform both.

Let's compare in 12 months.

Let me mark my calender, and bookmark this thread then. I will be back here for your update, but don't Ron Paul Forum goers calenders end around Nov-Feb of next year? Considering the upcoming WWIII, and economic collapse.

 

[Ozwest]

Let me mark my calender, and bookmark this thread then. I will be back here for your update, but don't Ron Paul Forum goers calenders end around Nov-Feb of next year? Considering the upcoming WWIII, and economic collapse.

Geo political.

GOLD!

 

[Dieseler]

I'm not buying any myself but if I were I would go for Silver.
They will confiscate all the Gold as soon as they blow through that 700 Billion.

 

[Ozwest]

Let me mark my calender, and bookmark this thread then. I will be back here for your update, but don't Ron Paul Forum goers calenders end around Nov-Feb of next year? Considering the upcoming WWIII, and economic collapse.

You are on!

October the 2nd I am buying 100,000 gold bullion from the Perth Mint. I will fax you a receipt.

That is not all my monies.

But...

Put a 100,000 (pretend portfolio) together together.

Game on!

 

[Renegades]

Geo political.

GOLD!

Buy low, sell high. You're a fool for putting all your faith in one commodity.

 

[Ozwest]

Buy low, sell high. You're a fool for putting all your faith in one commodity.

Superannuation was good.

Everybody else got screwed. I liquidated over a year ago.

Gotta take a educated risk sometimes.

Twenty percent of my liquid is going into bullion.

 

[Renegades]

You don't need to fax anything. I will go by your word of what you invested in and how much you made. Maybe I'll do this pretend portfolio thing, sounds like fun.

 

[Ozwest]

You don't need to fax anything. I will go by your word of what you invested in and how much you made. Maybe I'll do this pretend portfolio thing, sounds like fun.

Didn't mean to be heavy.

But I'll put 100,000 bullion vs. a fair call on your behalf.

Starting Oct. 2.

Match me, then you will be happy too.

We will check the results.

Peace..

 

[TER]

Why is India, China, and a host of other nations buying up and stockpiling gold? This should answer your question if whether you should buy gold or not.

 

[Ozwest]

Buy a 5oz. bar and stash it.

Feels good.

 

[luke-gr]

Yes, if gold sold at $750 in 1979 and it would have to be worth at least $3000 today to keep up with the effect that inflation has had on a 1979 dollar. That means that gold has been the single worst performer since it became legal to own as a commodity instrument.

Maybe Im dense, but wouldnt we be foolish to be buying at $3000 which would be the same as the all time high back in 1979? Basically gold is now less than a third of its all time high. I understand what you are saying, but you are using a time of the weakest dollar in history and hence the highest price gold arent you? Just like about anything it seems....if you buy at a record high it's hard to expect to make money.

Correct me where Im wrong.

 

[fatjohn]

Maybe Im dense, but wouldnt we be foolish to be buying at $3000 which would be the same as the all time high back in 1979? Basically gold is now less than a third of its all time high. I understand what you are saying, but you are using a time of the weakest dollar in history and hence the highest price gold arent you? Just like about anything it seems....if you buy at a record high it's hard to expect to make money.

Correct me where Im wrong.

Yes but this shouldn't be the topic wheter or not to buy, because i already know it has no other way then going up, i'm quite certain about that. They will trash the dollar because it's the best way to let the rest of the world carry a part of the USA's crasch. So that's basically the logic behind it. For the graphs and trends i advise you to google dow jones vs gold.
So that being said, i'm now actually waiting what the cons are of silver because i only know pro's but i heard a lot of people on this forum talking that they would never buy silver without explaining themselves. Here's your chance, explain!

 

[fatjohn]

You are on!

October the 2nd I am buying 100,000 gold bullion from the Perth Mint. I will fax you a receipt.

That is not all my monies.

But...

Put a 100,000 (pretend portfolio) together together.

Game on!

Game over! srry.