Gold is testing the nominal record high - It's still dirt cheap!!!
Don't let nominal Gold highs or the mainstream media fool you into thinking that Gold is expensive. Come learn from the most education website on the Gold and Silver planet!
See why Gold is cheap at $1000 - $2000 - $3000 etc.
http://goldsilver.com/player/id/67/cID/2/
http://www.youtube.com/watch?v=uac2vIzThSA&feature=player_em...
From 1971 to now Gold has crushed the DOW Jones in value!
From 1971 to 1980 Gold did a 24 multiple in value ($35 to $850).
From 1971 to 1980 Silver did a 40 multiple in value ($1.29 to $52).
The Gold and Silver bull market of the 21st Century started in 2001. Gold began it's climb at $256 and has only achieved a 4 multiple. Silver started in 2001 at the low $4 level and it stands just over a four multiple in value ($17.32 currently).
Understand we have a long way to go yet to even touch what happened in the last Gold and Silver bull market. This time around it is not just a western world phenomenon -> Russia -> China -> India -> countries from all over the globe are taking part!
Again THIS IS the Gold and Silver bull market of the 21st Century and you are just in time!
Come learn about how to preserve and enhance your wealth position at www.GoldSilver.com
sorry to ruin the party here.
But posts like yours are exactly why I'm waiting until gold is back under $500.00 before I start buying.
Gold is in a spec mini-bubble right now. I know all you gold-buggers out there hate me saying that but I will continue to say it because it is true - that is the REAL reason that gold held up well over the last 18 months - there was really nowhere else to go!
This is the last and final gasp for gold for a while. Everyone is watching it and buying into it. I suspect a huge kangaroo tail on the weekly's and then it's down with the rest of the market.
Please do not buy into this now while everyone else is. Keep you powder dry and take those savings and buy gold and silver when they are half their current prices.
Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.
It's September and I'm 80% cash and 20% long term Puts AGAINST the market. Gold is also going down. Want to know why?
http://www.investophoria.com
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Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.
By your thinking.
I'll wait till a new car drops from $40,000 to $20,000 to buy.
Gas goes from $3.00 where I live to $1.50 before I'll buy.
Food prices drops by half, and I won't ever buy a house until the price drops in half.
Same with clothes, in fact I'm not going to an eating out place until the menu is half of what it is now.
You sir don't get it, the dollar is losing value by dilution { Trillions more in circulation } causing all prices including the stock market to show a gain in the amount of dollars being spent to buy everything.
beesting
you could be right.. but
you could be right.. but down to 500.00?/ dream on.. maybe 800.00 but then again maybe not.. good luck to you.. you will need it.. by the way please look at what your 80% cash is doing... go see the USD index. 20% puts I can go along with that..
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
You're talking like a
You're talking like a trader. Trading paper for gold is always a good buy no matter how many pieces of paper it takes. You're preserving your wealth not buying into a speculative bubble. Sure you can get more if the paper rate is lower but you'll never go wrong buying gold at any price unless you're trying to play the market to increase your FRN's.
When the dollar collapses you will wish you had taken every spare dollar you had and bought gold or silver at any price when your are stuck with all those worthless pieces of paper.
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
Suppose you are wrong
And gold over the next year shoots up to $5000/oz. Will it really matter if you bought it at 500 or 1000? At that point it is irrelevant. Unless you KNOW that it will go down to 500, and there is no way to know, you are possibly missing out on the entire rally if you just keep waiting and waiting for the gold dip that might never come.
exactly and what guys like
exactly and what guys like this guy do not understand is that there are only between 4 billion to 6 billion ounces of gold.. the Chinese have told there 1.3 billion people to buy gold and silver.. if each person bought only 2 ounces of gold what would that do to the price?? the guy ius another prechterite who has missed the boat!
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Gold's never seeing the $800's again! Record shorts be damned.
Dear Paper Mache Investor,
It would behove you not to speculate with their fiat backed by nothing paper or the Goldman Sachs rigged high frequency traded stock market.
Fundamentals always wash out in the end. Gold & Silver will rule this upcoming decade.
100% all in.
"Freedom on this Earth can only be found within oneself. All the power you'll need is inside - embedded within you."
"Freedom on this Earth can only be found within oneself. All the power you'll need is inside - embedded within you."