GOLD PRICES - Look at what the election is doing to gold

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RonPaulCentral

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Oct 4, 2007
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It is very interesting to look at the effect of the primary today on Gold.....

gold.gif


I see gold $1000+ in just months.
 
RonPaulCentral said:
It is very interesting to look at the effect of the primary today on Gold.....

gold.gif


I see gold $1000+ in just months.
Click to expand...

What would be the BEST way for me to get gold before then? What type, where, how to transfer it back to an accepted currency?
 
yeah that tells you something.

The world is terrified of the front runners.

Gold is voting against Obama and Mccain.
 
I do find it funny that most people who really back RP are gold owners as well. If Dr. Paul pulled off the miracle and won the election, gold would come down because he'd stop the runaway inflation.

Owning gold right now is a bet against Paul.
 
scooter said:
I do find it funny that most people who really back RP are gold owners as well. If Dr. Paul pulled off the miracle and won the election, gold would come down because he'd stop the runaway inflation.

Owning gold right now is a bet against Paul.
Click to expand...

If even a partial gold standard was to be put in place the gold would skyrocket, not fall.
 
This is called the PRINTING OF MONEY dilutes the USD. + PPT printing USD and GOLD rockets!
 
Just buy the physical bullion........then sell it on ebay later. There are THOUSANDS of listings.......but don't buy there as they sell expensive

apmex.com has good prices and trustworthy.

Or you can buy Gold Mining Companies & Gold Mining Mutual Funds

Fund List: http://www.eaglewing.com/fundlist.html
 
kitco.com is good for news and buying gold. Apmex.com is good for buying coins and bullion, as well as local coin delaers. Check your yellow/white pages
 
purepaloma said:
Just buy the physical bullion........then sell it on ebay later. There are THOUSANDS of listings.......but don't buy there as they sell expensive

apmex.com has good prices and trustworthy.

Or you can buy Gold Mining Companies & Gold Mining Mutual Funds

Fund List: http://www.eaglewing.com/fundlist.html
Click to expand...

Actually you CAN buy off ebay if you do it smart. Do a search for "krugerrand" and then limit your search on the left side of the screen (checkbox and your zip code) to 100 miles or less of your location. Find the 1oz coins and then contact the seller. Send them your telephone number and ask them to call you because you have questions.

Lets say gold is at $880 an oz. When you get the seller on the phone explain to them you will come to them, with cash, and give them $830 for the coin. Explain that after their paypal and ebay fees they will net the same if not less than what you are offering. Explain that by selling to you that you they have no risk of using paypal, no shipping hassles and will end up with cash in their hands. 80% of the time the seller will take it and remove the listing from ebay.

You walk away with 1oz Krugerrand UNDER spot (by $50 or so) and they get cash. Everyone is happy.

:p
 
scooter said:
I do find it funny that most people who really back RP are gold owners as well. If Dr. Paul pulled off the miracle and won the election, gold would come down because he'd stop the runaway inflation.

Owning gold right now is a bet against Paul.
Click to expand...

Completely wrong. All fiat currencies are headed to the graveyard. Gold can now be used in daily transactions. The demand for gold will only continue to grow.
 
Amazing, Amazing! 887.40! Not sure what is driving it so fast but it does have alot of catching up to get to the 15x1 ratio with oil..
 
scooter said:
I do find it funny that most people who really back RP are gold owners as well. If Dr. Paul pulled off the miracle and won the election, gold would come down because he'd stop the runaway inflation.

Owning gold right now is a bet against Paul.
Click to expand...


Scooter, THAT is a damn fool statement if ever I heard one.

You seem to think the majority of gold owners are in it for some kind of "profit" in paper fiat.....you couldn't be farther from the truth.

People buy gold out of FEAR that the cushy life we now have is going in the toilet.....and the higher the price of gold, the more the fear.

I am one of those 'gold owners'.......and it wouldn't bother me a BIT for gold to go back to 250 FRNs/oz where it was when I first started buying it......BECAUSE THAT WOULD MEAN THE WORLD ISN'T ABOUT TO END AS WE KNOW IT.

People that buy gold UNDERSTAND that gold isn't any more valuable today than it was 200 years ago.....an ounce of gold is simply an ounce of gold. WHAT HAS CHANGED is the 'value' of the paper it takes to buy gold.....when you see the price of gold rise, what you are REALLY seeing is the value of paper falling in terms of REAL THINGS.

Are people who buy toilet paper on sale, knowing next month it will be higher in price "betting against Paul " ??

Owning gold isn't "a bet against Paul".....it's insurance that the savings we have worked a lifetime for don't disappear in a puff of wind.....like HAS HAPPENED with almost every fiat paper currency that has ever been printed.

Your financial education is sorely lacking.
 
Last edited:
Tn...Andy said:
Scooter, THAT is a damn fool statement if ever I heard one.

You seem to think the majority of gold owners are in it for some kind of "profit" in paper fiat.....you couldn't be farther from the truth.

People buy gold out of FEAR that the cushy life we now have is going in the toilet.....and the higher the price of gold, the more the fear.

I am one of those 'gold owners'.......and it wouldn't bother me a BIT for gold to go back to 250 FRNs/oz where it was when I first started buying it......BECAUSE THAT WOULD MEAN THE WORLD ISN'T ABOUT TO END AS WE KNOW IT.

People that buy gold UNDERSTAND that gold isn't any more valuable today than it was 200 years ago.....an ounce of gold is simply an ounce of gold. WHAT HAS CHANGED is the 'value' of the paper it takes to buy gold.....when you see the price of gold rise, what you are REALLY seeing is the value of paper falling in terms of REAL THINGS.

Are people who buy toilet paper on sale, knowing next month it will be higher in price "betting against Paul " ??

Owning gold isn't "a bet against Paul".....it's insurance that the savings we have worked a lifetime for don't disappear in a puff of wind.....like HAS HAPPENED with almost every fiat paper currency that has ever been printed.

Your financial education is sorely lacking.
Click to expand...

No, I have plenty of financial education and I understand the need for gold in the event of a dollar collapse. However, Ron Paul's goal is to save the dollar from collapsing, thus bringing inflation in check and causing gold to trade back down in terms of dollars.

You are correct that if gold became an official medium of exchange this wouldn't matter, but even in a competitive currency environment there would be gold exchange rates that would fluctuate with the strength of the paper currency. If the paper currency gets a bit stronger, the gold exchange rate would come down.

Don't get me wrong. I completely understand gold as insurance. Just know that if the paper money does get stronger from non-inflationary economics in your lifetime, then that insurance will buy you less goods later on.
 
Just know that if the paper money does get stronger from non-inflationary economics in your lifetime, then that insurance will buy you less goods later on.

I'd buy that argument IF you can show me one single fiat paper currency that has stood the test of time.

Just one.

Betting on paper, especially given the govt willingness to print an unlimited amount, seems like a fool's bet.

I love Ron Paul, and have worked like a maniac for him the last 6 months......but I have little hope he can change the course the moneylenders have laid out......the numbers are simply too overwhelming at this point....this will play out like every other fiat that has been tried......and for the time between this one and the next one, gold will shine.
 
Tn...Andy said:
Just know that if the paper money does get stronger from non-inflationary economics in your lifetime, then that insurance will buy you less goods later on.

I'd buy that argument IF you can show me one single fiat paper currency that has stood the test of time.

Just one.

Betting on paper, especially given the govt willingness to print an unlimited amount, seems like a fool's bet.

I love Ron Paul, and have worked like a maniac for him the last 6 months......but I have little hope he can change the course the moneylenders have laid out......the numbers are simply too overwhelming at this point....this will play out like every other fiat that has been tried......and for the time between this one and the next one, gold will shine.
Click to expand...

Okay. I completely agree with you if you are of the belief that Ron Paul won't be able to change the dollar's course.

My original post was mainly in jest, saying that supporting RP is actually against the rise of gold (in dollars value). But this hinges on the belief that he would "save" the dollar from its collapse.
 
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