Buy gold now!

Gold is at insane prices right now. Who is to blame for this? People are going to lose their entire life savings from this. Look at gold prices from the 70s to now. This is a massive sit about to explode all over your prom date.

It has sat at 250-450$ for over 40 years. Why is it suddenly at $1600??????

People are going to lose their life saving on this shit. WATCH. Gold is not worth this much, it's just a rock/mineral, whatever the fuck you want to call it. Just like those houses the were made of wood, mortar, and shingles.

hornedfrog2000 said:

It has sat at 250-450$ for over 40 years. Why is it suddenly at $1600??????

People are going to lose their life saving on this shit. WATCH. Gold is not worth this much, it's just a rock/mineral, whatever the fuck you want to call it. Just like those houses the were made of wood, mortar, and shingles.

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its a "precious metal" not as common as bronze or copper...the worlds true currency...and i think ppl just like the yellow...i personally think gold is ugly....

Precious or not. It's not worth twice as much as it has traded at in 30 years. It seems like it always stays at $300 or so. I'm willing to be it drops to at LEAST $500 in the near future. It could go higher, but it could go WAAAAAAAAAAy lower than the $1700 its at right now.

Apocolypse or whatever the fuck you insane people think is going to happen or not, gold will be worthless. You would be better off spending it on canned food if you think the world is going to collapse.

If we all buy as much as we can... It would actually hurt the big banks right now! Most of them took short positions on Gold!!!! If you buy and it keeps going up, it will only cost them more and more! let's pull these fucker's off they're high horses and flog the shit out of them while we still can!!!!!

Just remember.... You don't loose anything until you sell! You buy gold to preserve wealth... you use worthless fiat money to play the monopoly game on wall street, so you can make more fiat notes to buy real money(gold) with!!

If you buy it now, and it goes back to its $350 base price you will only lose about 80% of the money you invested. It will happen.....

if it goes back that far...every year our dollar becomes more worthless

hornedfrog2000 said:

If you buy it now, and it goes back to its $350 base price you will only lose about 80% of the money you invested. It will happen.....

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If you hold onto dollar currency you could very well feel the same effect. Gold has value in more than just the aesthetic department. It is used in many vitally important applications and technologies. If all currencies in the world failed, gold would still hold incredible value.

Gold's rising value is due to drastically increasing demand being met with the decreasing supply. The increase in demand is due to people's uncertainty and lack of belief in the fiat currencies. People are also seeing that due to the rough stock markets of the global economy that shoving money into the 401k just to see it disappear on a sour day of trading is no where near as secure as investing in tangible assets such as land and gold. You will not see a decrease in the price until people believe the economies are bouncing back (as evident of the launch of the price of gold ever since the volatility of the DOW hit the headlines).

You can debate this on here all you want.... but I am telling you from a point of experience on this. I am not the smartest guy on here by a long shot I am sure.... but I am under 45 years old and I am retired and set for life with gold and silver I bought instead of pumping all of my fiat dollars into other bullshit money grabbing schemes that the "brokers" sell you! I am not rich$$$ Not bragging.... just plain simple truth. What have you invested in.... how's it working for ya? Gold and Silver are the only thing that is money, just like it was when Jesus Christ walked the earth!!! Fuck wall street and anyone who whores for the bankers!

Also, keep in mind that the dollar in 1980 was worth a hell of a lot more than now. According to http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=300&year1=1970&year2=2011 $300 in 1980 now has the buying power of $821.80. Take into account the value of gold in 1980 (cumulative average) of $621.56 which with inflation factored in has the modern buying power of $1,702.67. So, keeping that in mind gold really hasn't increased in value at all since 1980, it has only stayed the same while our monetary value has drastically decreased due to inflation.

Gold isn't an investment, it's a hedge against inflation, pure and simple. 80 years ago, an ounce of gold would buy you a high quality, tailored suit, 40 years ago and ounce of gold would buy you a high quality, tailored suit, today an ounce of gold will buy you a high quality, tailored suit. The buying power of gold stays the same, that's why it's a hedge against inflation.

If you believe (I sure as hell do) that inflation is going to increase significantly, then gold and silver are where you want to put a good part of your savings. I think silver will actually have greater increases as it is more rare and has endless industrial applications.

If gold hits something ridiculous like $5k an ounce, it's because something terrible has come to pass and that's all the more reason to make sure you have a quantity of easily spendable precious metal. Another reason I like silver, it's relatively inexpensive and very easy to purchase in the form of pre 1963 half dollars and mercury dimes (90% silver). Avoid the silver dollars as you pay a premium above the silver value.

I actually just purchased a second very large gun safe as my first is now filled to the brim with silver and a fair amount of gold. And yes, I also have the guns to defend my hoard.

Edit: The safe that's full isn't a gun safe it's about 3'X2'X2'.

hornedfrog2000 said:

Gold is at insane prices right now. Who is to blame for this? People are going to lose their entire life savings from this. Look at gold prices from the 70s to now. This is a massive sit about to explode all over your prom date.

It has sat at 250-450$ for over 40 years. Why is it suddenly at $1600??????

People are going to lose their life saving on this shit. WATCH. Gold is not worth this much, it's just a rock/mineral, whatever the fuck you want to call it. Just like those houses the were made of wood, mortar, and shingles.

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The value of Gold has not changed nor is it over valued. It takes more fedral reserve notes to get an ounce of Gold as it used to, Their are a lot more federal reserve notes than their used to be-Making them worth less

As gold gos up, the dollar gos down

mattman said:

As gold gos up, the dollar gos down

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It's the other way around
Dollar goes down, Gold goes up

beardo said:

It's the other way around
Dollar goes down, Gold goes up

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why exactly is this?

mattman said:

why exactly is this?

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Our money is not backed by anything, every time they create more of it the value or purchacing power of it is reduced. If they make 10 times the money it is worth one tenth as much. This is why higher wadges lead to inflation and why the Govt printing money and bailing out companies and increacing debt ceiling cause the price of things that exist in limited quanity to rise.
If you have a quarter from 1964 you can sell it for federal reserve notes and buy a gallon or two of gas- The price of gas has not risen, a 1964 quarter has enough value to buy you a gallon or two

hornedfrog2000 said:

It has sat at 250-450$ for over 40 years. Why is it suddenly at $1600??????

People are going to lose their life saving on this shit. WATCH. Gold is not worth this much, it's just a rock/mineral, whatever the fuck you want to call it. Just like those houses the were made of wood, mortar, and shingles.

Click to expand...

Why do you think a new car now costs $30,000 when a new car 30 years ago only cost $7,500? You don't really think its harder or more expensive to create cars anymore do you? Ever seen how many robots do most of the car build? Robots work for nothing. How come a house now costs $170K when 30 years ago they cost $40K, same fucking house, except now its 30 years older yet is 4 times the price. HOW CAN THIS BE????? I could get a Quarter ounce of weed for $5 back in the 70's, now it costs $100 or more for good stuff. How come? Why did a 6-pack of good beer cost 75 cents in 1970, but costs like $8 now? I remember buying Gasoline for like $.60 a gallon, now its almost $4. why?

BTW the price of gold was fixed at $35 from 1933-1971 and before that it was fixed at $20 from 1792-1933. We were on the gold standard until Nixon took us off it in Aug of '71. FDR stole all the gold held by private persons and revalued it so the Govt had a lot more money in 1933.

The Movie ( Book) the "Wizard of Oz" is an allegorical account of the demonetization of silver. In the book the shoes were silver and the yellow brick road is the gold path to the Emerald city (Fiat currency). Shorthand for an ounce is oz.

gold is only valuable for the same reason 'fiat' money is valuable.

PERCEPTION. people PERCEIVE gold to have value. lol.... it's pretty much the same mechanism, but gold is shiny and heavy and hard to carry around....

pure gold can be dunked into the ocean and it won't rust. thousands of years of seeing metal just deform into huge rust piles while gold stayed shiny and true made people believe it's got some sort of special property which makes it valuable, because it doesn't rust....

i personally think there might be something else with gold... they should put some gold particles into that collider... see what happens... lol...

redivider said:

gold is only valuable for the same reason 'fiat' money is valuable.

PERCEPTION. people PERCEIVE gold to have value. lol.... it's pretty much the same mechanism, but gold is shiny and heavy and hard to carry around....

pure gold can be dunked into the ocean and it won't rust. thousands of years of seeing metal just deform into huge rust piles while gold stayed shiny and true made people believe it's got some sort of special property which makes it valuable, because it doesn't rust....

i personally think there might be something else with gold... they should put some gold particles into that collider... see what happens... lol...

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You are right to a degree on this- Gold also has some use- and also has value bacause it exists in a finite amount.
Silver is more valuable than Gold but people have yet to realize this.

This is a great time to buy Gold and an even better time to buy Silver