GOLD - A NEW RECORD!!!

Black Blade · 07-24-2011, 08:08 PM

A NEW RECORD!!!

KA CHING!!!

I be stylin' and profilin' tonight!!!

- Black Blade

Black Blade · 08-21-2011, 12:48 PM

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Peter Schiff on record gold

XSapper · 08-21-2011, 01:34 PM

Is gold worth more or the $ less?

**4thIDvet** · 08-21-2011, 02:00 PM

If gold keeps going up. You may be in your bunker tomorrow.

Sam7.62 · 08-23-2011, 09:17 PM

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TRX · 08-24-2011, 07:00 AM

Quote:

Originally Posted by XSapper

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.

Black Blade · 08-24-2011, 04:17 PM

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.

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**4thIDvet** · 08-24-2011, 06:03 PM

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.
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**o.d. ak** · 08-25-2011, 09:16 PM

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.

theinvisibleheart · 09-12-2011, 12:48 PM

I think it's less risky to invest in commodities index(much broader).