Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
so, what you are saying is, if I invested a huge part of all my savings in gold 5 months ago I would have made 1 dollar an ounce? And as I look it now fell below 900 again.
So I am gambling my savings on one of the most manipulated commodities that exist?
And if I bought in May or June when it was 1000 I would still be at a big loss.
But if I just put 100,000 cash in a safe at home I would have more saved than anyone who bought gold or stocks?
Stocks and gold = heartbreak and lost savings
safe at home = 200.00 install
priceless.
so, what you are saying is, if I invested a huge part of all my savings in gold 5 months ago I would have made 1 dollar an ounce? And as I look it now fell below 900 again.
So I am gambling my savings on one of the most manipulated commodities that exist?
And if I bought in May or June when it was 1000 I would still be at a big loss.
But if I just put 100,000 cash in a safe at home I would have more saved than anyone who bought gold or stocks?
Stocks and gold = heartbreak and lost savings
safe at home = 200.00 install
priceless.
Gold held up even against massive asset deflation and what's seen by many as a temporary flight to safety. Gold has gone up against most currencies in the world, which should say something about how irrational the dollar suckers' rally is.
wait until the gold boom rush starts.....2000 you say?
100 or 200 is more likely when it busts.
think I am wrong?
I said the same thing about the oil boom...and was off by 13 cents.
Fools gold rush is coming.
If you own or are gonna buy, do it quick and then sell it. When it falls, it will fall hard and fast.
Gold is not a stock. It is controlled by the industry. That is why we do not use it as a source of currency.
Worldwide depression affects all, not just the dollar.
Wait til the 'bailout' money stops dripping....buh bye
What this proves is gold is unpredictable. That's almost a 30% drop and rise and drop and rise again, in a 6 month period. Anyone want to predict where it will head next? Who knows! Gold isn't following any recognizable patterns at the moment, the old rules of it being a hedge against stocks and the dollar is gone.
At least the dow is predictably falling, and then stabilizing, with the poor economic news. Investing in gold now is like playing the slot machines at a casino.
Be very very wary of gold unless you know what you are doing. People think it's the alternative to stocks or equity investments now. That thinking will get you burned real quick.
What a curious post. Cherry picked time horizon, lack of acknowledgement of paying a large Spot etc. etc. etc. There can certainly be a time and a place for various investments but I've searched your past posts and they included some genius prognostications about gold prices like,
"Anything could happen"-Killer2021.
Now you show up with an I told you so post....lmao.
Quote:
Originally Posted by killer2021
Worthless pieces of metal huh? Sure does hold its value a lot better than your worthless paper.
Gold held up even against massive asset deflation and what's seen by many as a temporary flight to safety. Gold has gone up against most currencies in the world, which should say something about how irrational the dollar suckers' rally is.
Everything is still pointing towards Deflationary Depression.
Could a L O N G wait.
There's enough motivation to obliterate the dollar's value. Inflating your way out of $50T of debt obligation and transition out of the dollar into a new currency, and start the whole process again. Whether it's the Amero or whatever.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
