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Thread: GOLD - A NEW RECORD!!!

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    GuncoHolic Black Blade's Avatar
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    Default GOLD - A NEW RECORD!!!

    A NEW RECORD!!!



    KA CHING!!!

    I be stylin' and profilin' tonight!!!

    - Black Blade
    When you're born you get a ticket to the freak show. When you're born in America , you get a front row seat. - George Carlin


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    GuncoHolic Black Blade's Avatar
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    + YouTube Video
    ERROR: If you can see this, then YouTube is down or you don't have Flash installed.


    Peter Schiff on record gold
    When you're born you get a ticket to the freak show. When you're born in America , you get a front row seat. - George Carlin


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    Gunco Regular XSapper's Avatar
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    Is gold worth more or the $ less?
    I'd rather be a "has been" than a wannabe!

    2TIMOTHY2,4 No man that warreth entangleth himself with the affairsof this life; that he may please him who hath chosen him to be a soldier.

    God, Guns and Guts made America free,
    Lets keep all three.

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    White Cracker 4thIDvet's Avatar
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    Default Black Blade

    If gold keeps going up. You may be in your bunker tomorrow.
    "Man needs but two things to survive alone in the woods. A blow up female doll and his trusty old AK-47" - Thomas Jefferson 1781


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    Henna Ojisan Sam7.62's Avatar
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    "If a nation expects to remain ignorant and free, in a state of civilization, it expects what never was and never will be." - Thomas Jefferson

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    TRX
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    Gunco Irregular TRX's Avatar
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    Quote Originally Posted by XSapper View Post
    Is gold worth more or the $ less?
    Mostly, the dollar is worth less.

    The price of gold is the worldwide average of what people are willing to pay.

    Since the amount of new gold added via mining is small, you can treat gold as a fixed resource. It doesn't have to be gold; anything that's rare, expensive to produce, and hard to counterfeit would work just as well. Diamonds, original Elvis Presley LPs, or moon rocks would be examples.

    An increase in the price of gold in $US doesn't necessarily mean the US economy is failing; it could mean that other economies are improving. Mostly the former at the moment, I figure.

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    GuncoHolic Black Blade's Avatar
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    Gold is a currency. In many places around the world it is used just as we use US dollars. I have seen people work from dawn to dusk to get a rice grain size of gold to feed themselves and their family for the day.

    Global Money - Silver and Gold in Precious Metals Forum
    When you're born you get a ticket to the freak show. When you're born in America , you get a front row seat. - George Carlin


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    White Cracker 4thIDvet's Avatar
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    Thumbs up Yes Black Blade. Yes Sir..

    I am 100% with you.. I am a mentor of your survival site.
    I listen too all you say..
    My investment is silver. Little bit.
    But we must understand.
    When people start turning too gold and silver, over those green things they print. Uh. We got trouble Bro.
    The FED bought back 70% of their own paper. Nobody wanted it.
    Your young. You make your money. Good for you. I am not knocking you.
    But..
    Keep your bunker ready. This is not a good sign in the long run.
    Who Will Buy Treasuries When the Fed Doesn?t? | The Big Picture
    "Man needs but two things to survive alone in the woods. A blow up female doll and his trusty old AK-47" - Thomas Jefferson 1781


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    AKAHOLIC o.d. ak's Avatar
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    Sell now.

    When the "Merde Frappe le Ventilateur" all the gold in the world won't buy you a canteen of water or a can of beans, let alone a decent weapon or some ammo. At least at my house it won't.

  10. #10
    Gunco Member theinvisibleheart's Avatar
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    I think it's less risky to invest in commodities index(much broader).

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