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When a majority of folks start taking this to heart, the bubble is about to pop.
Isn't that what speculators said about real estate not too many years ago? Interest is the enemy of gold, and the rock-bottom rates of today can't last. When people can once again get a decent return on their savings gold will start to drop. Don't get me wrong, I wish I bought it at $800 an ounce, but it's too late.
Isn't that what speculators said about real estate not too many years ago? Interest is the enemy of gold, and the rock-bottom rates of today can't last. When people can once again get a decent return on their savings gold will start to drop. Don't get me wrong, I wish I bought it at $800 an ounce, but it's too late.
How about those of us that bought at 250.00, we feel the same way, we wished we had bought more back then!
Gold has been money before written words . The oldest text over 6000 years ago highly values gold. All paper money loses value until it becomes worthless .
Gold bullion is real, honest money...and, many say, the best form of money the world has ever known. It is a store of value and a safe haven in times of crisis. Gold is rare, durable and does not wear out in the manner of lesser metals (or paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. It is universally accepted, and can be easily bought and sold around the world.
Today, the beauty of a gold bar lies in its ability to diversify investments, protect wealth and preserve one's purchasing power.
Closed @ $1769 today.
Will open tomorrow much higher.
Using inflation to buy the debt they created, only hurts the poor and middle classes.
They have been doing it for decades. Just this time, there is no productivity to fall back on. It has all left and gone to China & Indonesia.
I already have my gold that I want. I stopped buying gold when it hit 450 an ounce.
Gold bullion is real, honest money...and, many say, the best form of money the world has ever known. It is a store of value and a safe haven in times of crisis. Gold is rare, durable and does not wear out in the manner of lesser metals (or paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. It is universally accepted, and can be easily bought and sold around the world.
Today, the beauty of a gold bar lies in its ability to diversify investments, protect wealth and preserve one's purchasing power.
Closed @ $1769 today.
Will open tomorrow much higher.
Using inflation to buy the debt they created, only hurts the poor and middle classes.
They have been doing it for decades. Just this time, there is no productivity to fall back on. It has all left and gone to China & Indonesia.
I hope people keep buying gold.
As soon as Romney is elected, and we turn this country around, and out currency becomes more valuable, the price of gold in US Dollars will plummet like a rock.
As soon as Romney is elected, and we turn this country around, and out currency becomes more valuable, the price of gold in US Dollars will plummet like a rock.
Then I will back up the truck and buy all I can haul...
Then I will back up the truck and buy all I can haul...
Nice!!!
Gold will always have value, but people tend to forget it's based on the value of the currency. As the currency itself is more valuable, it requires LESS of that currency to purchase the gold with. If our currency becomes 2x more valuable, then $1700 an ounce, becomes $850 an ounce. Still valuable, just not as much.
If you have 10 ounces of gold, you just lost $8500.00 in that scenario.
Based on the following chart, it looks like Gold has been moving sideways or downward for over a year. The only way you could have made a profit in the last year was to play the swings.
Wierd how when gold was stagnant and falling how I didn't see many of these theads.
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