my funds are in Canadian dollars so as the US dollar keeps falling my CDN dollars will keep on appreciating so 10% may not be enough....care to counter offer?
So the dollar isn't going to collapse in a year. Give us the time frame. You keep predicting the collapse so now's the time to put your fiat currency where your mouth is.
If someone owns a lot of gold right now They will benefit if a lot of other people buy gold right now The more they buy, the more the price goes up. You may notice that everyone who recommends buying gold also owns a lot of gold right now. At some point in the future, every single person who is recommending the purchase of gold will sell their gold to manufacturers or other speculators When the announcers of the value of gold sell their gold, you better sell yours too, because the line graph of that price over time is going to look like a cliff. Gold is a bubble. Unless we go back to the gold standard. Are we going back to the gold standard? I find this possibility silly. Speculate skillfully or lose money. Thankfully your bubble is only in regards to a silly and relatively inconsequential commodity. Luckily we are not talking about houses.
how many times do I have to say it? 2012 to 2013......sometime in those 24 month period.......I just cant see the chinese giving the USA more time than that to get their act together. Thats when the currency crisis should hit.....and that is also when gold will "REALLY" fly!
its truly amazing how clueless people are.....I have been hearing gold bubble since 2005 when it corrected from I think 500 back to 440 or something like that. Its because clueless fools dont even understand what a bubble is. Now about what you said.....I have always said that when the ignorant Joe's line up at coin dealers to buy, thats a good indicator to sell......and that will happen when gold is much higher....how high? hard to say.....possibly 2500 or even 3,000. Also look at the gold mining stocks...they are still quite cheap...hardly the makings of a bubble....why? simple. There is still much pesimism about this gold boom....if there was alot of euforia then gold stocks should be selling at very high multiples like the tech stocks did in the late 90's...instead they are selling at low multiples. You see, I know what to look for and obviously you dont....alll you see is a price increase and thats all you are going by........that is just too little information....you need to know why is it rising? What is happening...and where are interest rates going? I will let you figure that out!
the gold to DOW ratio is only 6 to 1 now.....it was 8 to 1 when I started this thread......you guys still think I dont know what I am talking about?
well, I just bought my first gold only few weeks ago so I dont expect to make any money just yet. I am also checking out a few nice silver coins I noticed
I am still waiting for someone to name one fiat currency that didn't die in hyperinflation...I'm sure I'll still be waiting when I'm dead =p
That is just about true. Folks that bought gold at the peak of the last gold bubble in 1980 have *almost* kept up with inflation. Not quite.
Nobody knows what the furture holds. If you are a speculator a little bit of gold and silver would not hurt. But remember the old saying....Bulls make money....Bears make money...Pigs get slaughtered. I don't play anymore...I'm gonna buy two head of beef this week...if the man still has them. I think I can get a bull calf and a heffer calf for 400 dollars. That comes out to about 900 pounds...and they should go about 1200 pounds a piece when grown. I bought two weaned pigs for fifty dollars. Their main food has been free produce from local produce stands and I have spent $7.00 on hay and about $ 45.00 on feed. One is about a hundred pounds and the other (fat boy) is about 150 pounds. The pen was already built. 500 pounds of pork in 6 months is not a bad return...of course I never figure my labor. It comes to about three hundred dollars for 500 pounds of pork after processing. If it works out I'll get half a dozen come sping.
but anybody in paper assets in the past 11 years is deep in the red while gold just keeps on trucking
what you people fail to realize is that gold is not an investment....gold is money and should be compared to owning dollars or euros or francs.......gold is internationally reckognized as money!
Who said anything about "paper assets"? You said you can keep up with inflation and make money with gold. As I proved, your statement is not necessarily accurate.
Gold is an investment, not money. Dollars are money, not an investment. Dollars are the means of exchange. You should compare Gold with other investments.
if you had bought gold in 1965 you would of been way ahead of inflation as you would of gone up 53 fold while inflation is only up 10 fold I think....naturally with any investment if you buy at the top then you need to wait longer......and like I said.....only the ignorant Joe's buy at the top!
you do realize that many currency exchange centers accept gold coins dont you? Try that with any other commodity or with stocks.....not even bonds will be accepted!
Gold in 1965 was at an artifical fixed rate. I agree you can buy gold, or any speculative investment, and be ahead of inflation for certain periods. But if you had bought gold at the top of the last gold bubble in 1980, you are still behind. Only the ignorant Joes buy at the top and only the ignorant Joes would claim that gold is any kind of guarantee against inflation.
that can be said about any asset including dollars.....anybody that buys now will lose big time when the dollar bubble bursts. look at other currencies that collapsed.....tell me that the people that bought those currencies at the top didn't lose money?
then try selling those exchange traded stocks ( or ETF) at a currency exchange center and see if they will take it
