BUY GOLD AND SILVER!
People, if you want to preserve ANY of your savings, it is imperative that you buy gold and silver ASAP! For your own sakes, please look into this now!
All the most fervent trolls on the Daily Paul have been frantically trying to dissuade anyone from buying gold and silver. That, by itself, is a good reason, and a warning sign. I will try to post links for those unfamiliar with buying gold and silver, but seriously, everyone should buy and hold as much precious metals as they can (and NOT in a "safe" deposit box), before the final collapse of the dollar. Don't let yourselves be caught too late, as the Argentinians were in 2001!
Gold and silver have been the money of freedom for over 2500 years, despite all the propaganda of establishment economists and politicians. The more they tell you to ignore precious metals, the more you should be buying them! When the dollar collapses, all your stocks, bonds, CD's, and IRA's will be severely devalued or worthless. Only by PHYSICALLY holding gold and silver can you protect yourself. Buy them today!
Links:
Buying Gold And Silver
Glad to see the tremendous interest in precious metals here at DP in the last two months. Many great post. I placed many post on precious metals here during the summer. Now I am suggesting that those of you looking to buy and still learning the price structure contact the following groups:
N.G.C. in Sarasota Fl.
P.C.G.S. in California
A.N.A. in Colorado
Coin World in Indiana
All these entities will be able to provide you with dealers to buy and sell to and give you information about the typical price structure used nationwide for the different precious metals. I just got a 200+ page book from Coin World listing both by state and then by company name all the hundreds of potential dealers you could chose to do business with. A wonderful book to own.
If you have any questions let me know. Good luck.
REAL MONEY - not some pppp
Pretty Printed Pieces of Paper is what I have been accumulating for some time. Sure, there are market fluctuations and for the most part, they occur just to "shake out" the short sighted. The person that has a longterm grasp on our economy will be buying like I am. I can't afford a whole bunch at once, but I can buy a few dollars (lately concentrating on 90% silver pre 64 coins) each month. I also add to my long term food storage every so often. If you get a little each month, it soon adds up to a considerable cache. Buy and hold - the only way to go.
Actually and ironically,
Actually and ironically, even our own US money is not really "paper" as it is usually defined, but is cloth ---- it is made entirely from recycled cotton and linen material, not wood pulp. So really, our money is literally rags!
In Australia we have
Pretty Printed Pieces of Plastic.
Yes, our notes are plastic. We can't even burn them for warmth.
Good thing is, if you leave $20 in your jeans pocket, the bill comes out of the wash just like it went in.
Amazing fiat currency technology.
___________
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
I like you akak.
___________
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
I bought gold at $440 an
I bought gold at $440 an ounce, silver at $7.80 an ounce. I am very, very glad that I did.
Yeah all the kooks bought gold and silver cheap
They snapped up gold and silver for peanuts in the late 90's and now they're selling off a fraction of their hoards tax-free.
Right akak. Finally one who doesn't think like the herd
BUY BUY BUY
Be greedy when people are afraid and afraid when people are greedy.
"PunJab! Bring me my checkbook!"
"GINO" = Government In Name Only
Hi DWB
I think like the hoard.
"Walls are stronger than the men that defend them."
Khan
"Walls are stronger than the men that defend them."
Ghengis Khan
Gold is a diagmagnetic (it levitates) and vibrates at 1,000 Hz
It is the perfect substance to free an individual from being a slave with an over-unity device. It should be 1,000,000 per ounce.
"Walls are stronger than the men that defend them."
Khan
"Walls are stronger than the men that defend them."
Ghengis Khan
Warning sign
When average joes and housewives start buying gold, then you know the top of the market is being put in. This is how markets work. The smart money who have made the capital gain by buying early have to hype the average joe up to buy so that they can have someone to sell to to take their profit. The average joes and housewives who were manipulated to believe that gold is going to the moon are left holding the bag of gold as the price goes down. The smart money walks away richer. The average joe walks away poorer. Welcome to capitalism. Caveat emptor. The ideal time to buy gold is when people think gold doesn't matter anymore.
You are fighting the last war
The smart money sells to Joe SixPak for what...FRNs? Think Volker is going to come in and raise interest rates and save the day like he did before? Well, maybe....and maybe not. All fiat money eventually goes to zero. The FRN just may not be coming back this time.
I'm a housewife and I bought gold
at $370 and silver at $4.50 -- your methodology seems to be flawed. This economic "correction" we are heading into will last many years -- beyond the time Joe and Mrs. Housewife have bought a few coins.
___________
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
and hardly anyone is buying
and hardly anyone is buying at this time.. if I talked to all my neighbors on my block.. I bet not 1 has bought any! its the banks, the major big countries like russian and china who are doing ALL the buying right now!
just wait till 1 billion tries to find its way into the silver market.. silver is already in shortage.. 1 billion is nothing compared to the trillions of dollars floating around in the world!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Warnings Signs
Nothing about the fundamentals has changed in the last few weeks, despite the drop in gold. Anyone here who things stocks, precious metals, or home prices are supposed to follow a straight line upward after they buy in needs to take a longer view. It will serve you well.
I see two factors:
1. We are dealing with a government now willing to lease gold in order that it be sold on the market, driving down the price.
2. China and others have new access to gold through exchange traded funds. The week the Chinese ETF was launched was the same week gold trader over $1000 / ounce. Has the collective market tried to get these $1000 purchasers to sell at $900? Sure. But they're not buying it back so that the Chinese lose $100, but so that they get to sell it a later, higher price.
Why would the price be going higher? There is substantial uncertainty in the marketplace, from credit makets to corporate balance sheets, and radically new government intervention. Gold remains a safe haven, as it's the only asset class immune to intervention over the long-term.
Average joes and housewives are not anywhere close to buying gold, and if this were true they would all be paying many thousands, or tens of thousands, per ounce. I know no one, except one other household, who actually possesses physical gold. This "consensus is always wrong" thinking didn't mean that you sold your house, just because others around you bought?
I own gold, silver, foreign currencies (SFX - Swiss Franc mostly), and agricultural commodities. I will also be picking up some energy holdings like USO before oil spikes back over $110. I'm not planning on a price for my exit, but an event.
All of these asset classes are a bet that the purchasing power of the US dollar will go down. These have been on the winning side of this bet since 1914, and particularly since 2000.
Hey Boston
What is the best way for someone to purchase foreign currencies and agricultural commodites if they are new at it?
Why do you like the Swiss currency. I think it is good also, but would love to hear your thoughts.
Thanks!
There's a few options
There's a few options available without actually getting a commodity futures account, which is often more daunting than most people want to deal with. I should also say to do your own research, and see if you independently agree with any conclusions I've reached before investing.
In a regular stock brokerage account, the following exchange traded funds are available. These don't invest in companies that make commodities, but the underlying commodities (and futures / prices) themselves:
GLD - Gold. One share is 1/10th of an ounce of gold.
SLV - Silver
DBA - Tracks the price of wheat, soybeans, corn, and sugar
DBB - Tracks the price of base metals, like copper and aluminum
FXF - Swiss Francs
FXE - Euros
USO - Oil
Other agricultural ETF's are here:
http://seekingalpha.com/article/64802-which-of-the-6-agricul...
Other currencies:
http://www.currencyshares.com/home/overview.rails
I like the New Zealand and Singapore Dollars, but today these require a futures account to get a pure play directly, unless you go to Everbank. I have heard that Wisdom Tree is awaiting approval on ETF's for these. A brand new regular mutual fund coming out called the Merk Asian Currency Fund, will allow investors the opportunity to take advantage of currencies many here expect to gain the most in relative value to the US dollar over time, including the Chinese Yuan (the Renminbi), which is hard to buy otherwise. These are the same nations that have large current account surpluses with the United States, and are lending us the balance back. Eventually this must end, driving the dollar down further. This firm's other fund, the Merk Hard Currency Fund, has a solid following among those concerned about the dollar. In addition to gold, it holds currencies in nations with the least inflationary policies.
http://www.merkfund.com/fund/macf/index.html
I do like the Swiss Franc. In "cash" holdings for my account, I sometimes convert blocks into Francs instead of sitting in US dollars, and then sell them before I invest. It's fine if commissions are very low, and it makes me feel like I'm not sitting in "safe" cash that seems to lose purchasing power value month after month. That's not for everybody, to be sure.
I think a lot of people think that there could be short-term intervention by the European Central Bank (ECB) and the US in order to start to lower the value of the Euro. Exports in places like Ireland and Germany have to be hurting. This is less likely to happen with Switzerland in my view, although I am no expert. The independence, steadiness, growth and low inflation in the nation is a big attraction to me. Our current government could take a few lessons out of their play book, despite the recent US subprime derivative exposure problems with one of their major banks, UBS.
More here (after the part about the Swiss stock market)
http://seekingalpha.com/article/71290-swiss-etf-ewl-are-swis...
Google videos for Peter Schiff or Jim Rogers for more. Jonathan Hoenig at Capitalistpig also has FXF among his picks.
http://www.youtube.com/watch?v=LjLMAQiIRyU
http://www.youtube.com/watch?v=4n3g5lUgkWk
gold then - $925. gold now -$905
i lost $20 an ounce since this thread.
Big deal.
________________
Good luck to us all,
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
big deal to ME!
now gold is at $885. that's down more than $100 an ounce from its peak.
where are the gold bugs now?
Buying the dip.
Buying the dip.
buy more lol .... gees
buy more lol .... gees look at the trend.. go read jsmineset.com.. gold will hit 2000.00 or more per ounce.. the federal reserve has gauranteed that by its stupid actions!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I am right here
buying like crazy.....This is a blessing to keep buying. Silver below $17 Woooooooooooohoooooooo Keep it going lower....
If you don't understand this market.....and if you are in a panic to get out when it goes down....maybe you should get back into Fiat Dollars.... At least with Fiat Dollars, you know where you stand. And you know which way they are going.... HAHAHAHAHAHAHAHAHAHAHAA!
Citigroup is doing the same
Citigroup is doing the same business practices as Enron was doing.The ones with the precious metals will be the last ones standing.
Okay hold on MUST READ THIS!!
Gold and silver are not an investment. You need to learn and live by this page. Print it out and understand it!!
http://www.silverstrategies.com/publications/ThinkandSTOP.pdf
good read
I don't have alot of money saved, but I do have some silver and gold.
"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com
MY SAVINGS
IS STAYING RIGHT WHERE IT'S AT.....A MIXTURE OF STOCKS BONDS AND CASH.... I ALSO FIND ANTIQUES TO BE THE BEST OF INVESTIMENTS !
Wow
It has seems that you have not done your research. Tell me how this works out for you! Just don't knock on my door, or step foot on my property when SHTF!
Well, at least you have
Well, at least you have something real and solid with the antiques. As for the stocks and other dollar-denominated assets --- well, they will be antiques in their own way soon enough. Sorry, I wish that were not the case, because our society will suffer greatly by the collapse of the dollar, but it is as inevitable as McCain losing the election.
Palladium guys
check out it's properties and it's use in the coming clean energy bubble.
America leading by example.
America leading by example.