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Gold just broke through $1050 - another high has been made.
Submitted by LibertyPrevails on Wed, 10/07/2009 - 20:27
all during after hours trading too on the Hong Kong market, asia is dumping dollars and picking up metals..silver is looking like a break out too, will be testing $18 soon. » |
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does this mean the dollar is
does this mean the dollar is at a record low-point?
The slogan press on has solved and always will solve the problems of the human race. No person was ever honored for what he received. Honor has been the reward for what he gave.
- Calvin Coolidge
no, it is around where it
no, it is around where it was before the financial crisis hit in 2007, but it is at an all-time low for the year.
we are at around .75 the
we are at around .75 the low a year and a half ago was around .69
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 and the dollar
Is gold ( and other precious semi-monetary metals) reaching a new high, or is the long predicted, and long deserved decline of the dollar (Federal Reserve Notes) reaching its final demise? The dollar has lost around 95% of its value since 1913--when it was $20.57/oz. Maybe it is losing the remaining five percent!
PEACE AND FREEDOM!!
David K. Meller
the dollar is around .75
the dollar is around .75 the lowest it was recently was .69 or so.. I think something else politically or in banking is causing this rise.. not so much dollar decline.. Something is going on or someone in power knows of something coming..
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.
Just want to make one
Just want to make one point.
A dollar is a unit of measure. There are many kinds of dollars, Canadian, Australian, U.S.
There has been basically two different dollars used in our country. One was made of gold and silver the other made of paper.
Paper dollars like wooden nickels only have value if some fool is willing to accept it. As we know there are a lot of fools out there.
Our first dollar still has a value of roughly 1 ounce of silver and congress has the power to reinstate that dollar again, let it compete with the FRN.
As people begin to wake up they are going to want real money, or they will trade with anything of value, be it gold or not. But paper as we can see is no longer being accepted.
grant
another day, another record
another day, another record for gold.
Gold up $1,062.60 Silver $17.95
Metal Bid Ask
Gold $1,061.60 $1,062.60 up18.20
Silver $17.90 $17.95 up 0.45
Platinum $1,340.50 $1,350.50 up 23.80
Palladium $318.00 $323.00 up 8.00
Updated:10/8/2009 11:29:25 AM CST
In My Opinion;
People around the world are rejecting a fractional reserve type banking system which is really based on fraud.
In the old days it was called usury, and was illegal over a certain amount. {6-7% }
I recently read this article which might certainly explain why America is at war with Islamic nations, who view usury as illegal:
http://www.alastairmcintosh.com/articles/1998_usury.htm
In my opinion again, this piece should be spread around the world.
beesting
Exactly. Even discussions on
Exactly. Even discussions on new global currencies are recognizing that at least 50% of this basket of currencies needs to be backed by gold.
http://www.meetup.com/RP2012GrandJunctionCO
Things seem to be speeding up.
not sure if they really are or not. Interesting times we live in.
Ron Paul 2012
www.josiahgarber.com/blog
www.heirloomgardenpro.com
www.mennonitesforronpaul.com
Watch funny tech ticker video : "gold, still a lousy ....
investment."
This guy doesn't make sense.
http://finance.yahoo.com/tech-ticker/article/350756/Gold-Eve...
$1060 is here...this is
$1060 is here...this is quite a ride.
Don't forget about palladium.
Palladium is a metal that could be collectively controlled by the R3volutionary movement. Unlike gold it is not held in large reserves by government. Our driving up the price of gold actually empowers the U.S. corporation, which has control over large amounts of gold reserves.
In terms of investment.
First take care of your basic needs.
Tools are most important, since without them you depend on others to produce for you.
Food supplies, have a good stock, but again if you have the right tools you can produce your own.
And of course if you have gold, then begin to use it as money, don't just let it sit idle.
grant
grant: I took your advice 7 months ago.
I got into some palladium, and wow what a return.
Palladium is up about 40% since then.
That was the best investment I ever made.
Of course, it could go down just as easily, but I'm holding on to it right now.
Thanks for recommendation.
thanks and I didn't charge any fee.
Glad to hear someone took my advice. I think you are wise to hang on. I believe palladium will at some point surpass gold and go to 1.8 times it's value. What it will do relative to FRNs who cares. We don't want those any more.
grant
All going in the same direction.
If we could get all R3volutionaries to join in on the palladium wagon, we could easily push it past the price of gold then we could use the profits towards the R3volution or even trade it for gold at that point. Personally I don't have a lot of gold or palladium. I invest my money in people to work.
grant
analysts predict massive inflation...
check out this link to bloomberg...
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTBSPwM....
with food prices quietly up 1/3 over the last year, we can expect them to go AT LEAST that high again in the coming year...that would be pushing to double food prices in 3 years!
this quantitative easing sho' is hard on a feller...
lets see what else the FED can do to "help" us...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Food has
more than doubled already where I shop.
i can believe that!
...we have yet to see the inflation even begin and look at food prices..
please people, stock up your pantry a little more every week so you do not have to be slaves to the "machine" when the "stuff" comes down!
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Hyperinflation is a pain.
Food is going to get even more expensive as imported produce will be affected by the falling dollar. Of course the best thing to do is buy and store locally produced foods. Learn to can if it is practical.
And by all means do not use credit.
grant
This is the second time I
This is the second time I have happened to be online late when gold made a lasting all time high!
Exciting stuff!
At 222 am Central it is pushing 1060 and silver rallying near
$18
The dollar just 4 clicks from breaking into the 75 territory.
And the dollar is within 10 clicks of busting 76
check out http://kitco.com/market
Gold steady at $1,051.60
Metal Bid Ask
Gold $1,050.60 $1,051.60 up 7.20
Silver $17.82 $17.87 up 0.36
Platinum $1,329.00 $1,339.00 up 12.30
Palladium $313.00 $318.00 up 3.00
Updated:10/7/2009 9:57:58 PM CST
Let's not overlook what the
Let's not overlook what the high precious metals and commodity prices are telling us about our currency.
The final collapse will occur when the currency is completely discredited and used only by those unfortunate to have no other choice.
http://www.financialsense.com/editorials/phillips/2006/0508....
It is called: game over.
Or at least: tick,tick, tick.
Buy wheelbarrow stock.
The IMF just sold off 1/8 of
The IMF just sold off 1/8 of its gold at the same time that it's making it known it's positioning itself to be the world reserve currency holder. China is buying gold and silver and at the same time buying junk IMF bonds. How does this make sense? Could China be on a gold and silver buying frenzy to drive the price into the stratosphere before the US wakes up too poor to even contemplate buying?
five gold stars for you! A
five gold stars for you!
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.
ive
I've thought for a while now that it would be in China's best interest to keep gold low so they could keep buying, Then i started thinking, if China can break Goldman Sachs and Co. stranglehold short positions and gold goes on to adjust for inflation at least. it would put gold around 2100.00. That would be like doubling their gold holdings without buying more gold. Maybe this is what they are trying to do.