My opinion about gold

DITTO !

food freedom,one seed at a time.

Boy it sure got quiet,Gold is for longterm? Are you all selling or buying?

Gold just went down below $850.

Brazilian government just announced it would be purchasing more U.S. dollars to hedge against falling commodity prices. the dollar is obviously being manipulated to go higher. If it is taken off the market by central bankers around the world and then deposited at the Federal Reserve, then dollars become more attractive on the market. This has to do with the fact that exports from Brazil are still paid for in dollars.

and it's crazy - and funny. This person is not from another country and is angry and bitter. He doen't have any money to invest in gold and silver and I think he drives a Geo.

I have to say this has been the most entertaining thread I have read in a long time. Ahh! Thanks, I needed a good laugh, things have been so depressing and this just some how clicked. I believe there is truth in what you are saying if I understand correctly. When someone is living from pay check to pay check it could be risky investing that money on something that can go up and down like a firework rocket. It doesn't hurt to have some gold and silver but there are some that said they put all their money in it awhile back.
I was very worried when I read that because I thought it was very risky. The elite are counting on our herd mentality to jump on the wagon. Variety is the spice of life and so that is how I have embrace it. Food, water, gold, silver, matches, sleeping bag, toilet paper, cash, backpack, gun, ammo shopping list for survival. I am no fortune teller so I am forced to plan for the worst and hope for the best. Peace and Goodwill

I wouldn't buy gold now, but to sell would be stupid. Who in their right mind would trade gold for a piece of paper? Now if gold falls it is likely that other commodities will fall as well. Trade for those commodities as you need them, but don't be stupid enough to keep your wealth in paper. Buy when it drops.

Having some of one’s wealth in Gold has always been prudent. Just as is having some in different currencies, different securities and other investments. You never want all your eggs in one basket. Theoretically, the more baskets, the less likely you are to be left completely ruined if any one, or a few, collapses. In practice, due to fixed costs related to each different basket, unless you are rich enough to have professional money managers working for you full time ( managerS; still don’t put all your eggs….), having cash in a handful of currencies, like Dollars, Euro, Yen, and in my view Swiss Francs and possible (due to peak oil) Norwegian Kroner, as well as some gold and some silver, is nice should the banks you have your money in close down for a good amount of time.

I’m hardly a doomsday prophet, but that scenario is not completely outside the realm of possibility. And it seriously sucks if all your money is in closed down banks. Even if the FDIC eventually gets around to make you whole (albeit in a possibly devalued currency). Having some months of liquidity in your physical possession can be a huge relief is such scenarios.

And similarly, should some populist nut get into power and decide to inflate the US sovereign debt away, and should this trigger competitive devaluations globally….. And I don’t mean to say I believe this is likely. Just that it can happen, and if it does, that gold buried under the house may come in handy, indeed.

At the same time, you are not likely to get very favorable trading terms under such conditions; so, before burying large amounts of gold, make sure you have enough necessities; like water, water filters, non- or slowly perishable and rotated food, perhaps a generator and some diesel (don’t store gasoline unless you really know what you are doing), some solar panels, batteries, first aid material, detergents, disinfectants, guns and ammo etc. to not need to trade for awhile. Nothing sucks like being reamed out of your gold stash by grossly overpaying for water because you’re dehydrating to death, the water company is striking because Arnold is paying them below minimum wage, and the only bottled water outlet in town knows you are desperate enough to pay anything. Or you did store water, but your neighbor did not, and then decided to screw paying the bottle guy; he would steal your stash instead, since he's bigger than you, and you forgot to buy guns and ammo….

So, even though having gold is not some kind of magic solution to all possible problems related to an economic downturn, it should definitely be considered as part of a well thought out preparedness plan.

It's just a counterpoint which makes the kind of sense that most petty gold investors like myself can understand. I bought a "pathetic" gold coin on speculation and have no clue what the next few months hold for gold. I was betting against the dollar because Dr. Paul has explained how filthy dollars really are. In the end, I will have to convert my gold to fix some low-life problem. I was prepared to lose some portion of the investment. Meanwhile the big players have all this stuff figured out ahead of time. I find the post amusing and maersksea is simply a wise-ass like DeFart. Let's not get so mad at this guy. I am sure he is a stupid poor bastard too.

i will bet anyone here this guy is from a country where they are buying hand over fist.. he is trying to stop competition so he can buy it cheaper.. any bets? the Chines are buying.. the Russians are buying, the arabs are buying... the indians, the malaysians.. who isn't?

as for me and my home, we shall worship the LORD

I didn't call anyone "stupid". I said the bankers are savvy and smart and you stupid, compared to them, which let's face it is the pure truth. If you got gold when it was 300, 400 or even 500 an ounce, good for you ! But don't tell a poor bastard who has $1500 under his mattress to go ahead and buy gold now just to sell it in two months for 1100 cause he needs his car breaks fixed.

A week ago the gold was 950 and most off you where screaming like that was the last chance to buy gold and protect your savings. And when the gold goes down you open threads looking for reassurance that your foolish "investment" of buying gold when it was over $800/ounce will be ok.

Good Night everybody.

everybody has 'em

versed in the f-bomb and calling people stupid.

I'll take my chances. But, what do I know. I'm stupid.

___________

Lisa C.

www.dvds4delegates.com=Ron Paul, the 44th U.S. President

“Elections are short term efforts; revolutions are long term projects.”

--Ron Paul

Join the rEVOLution here: www.campaignforliberty.com

I hate to day it maersksea, but there is a lot of truth to what you say.
Gold is chopping around $850 a 50% retracement level -- not magic -- every market does it.
Its definately going to $642 and I'm not talking 5 years from now.... more like 6-12 months.
In the future I'm sure it will do some crazy up moves but it's like you said...It may take a long time.

"PunJab! Bring me my checkbook!"

And not fact. It sounds like when I was asleep and thought that it was all about the bling-bling. Big cars and loose women. Who needs to store wealth. As long as I'm getting paid I'm getting laid. Gold? Like my gold chain and pinky rings. Live for today. Spend it all cause there will always be money everywhere. Be a good consumer and don't buy gold. Gold pfft thats stupid. Go by a car to pick up the chicks in. Get a fancy new outfit. If your in debt who cares. If debt makes you happy then isn't debt good? Gold is stupid don't get it. Silver is for loser's who are not into the cool stuff. Like going to bars and loving many many women. Take that thousand and go blow it at the casino cause it will make you feel good. Gold it just sits there and does nothing. Be smart, stay away from silver,gold and other PM. Cash is king baby. Time to go blow some.

Makerakesh you bought in big time to the American dream. Well keep dreaming. Cause one has to stay asleep to be living it. Nice to see our dream is spread around the world.