CNBC: Gold No Longer a Safe Haven

The Biggest Concern is how long before all the Governments confiscates it all.

now is the time to buy

LOL

Taking financial advice from CNBC

What a JOKE

If I did that, I wouldn't have the money I have.

Thread: GOLD - WORDS TO REMEMBER

I am ready to buy some...

I hope they push it down tomorrow for maybe the last time in hisory!

No, the Roths have the majority of the gold in the world. It's just the paper side of the game, they'll lose out. And I'm SURE they have covered that base too.

The ULTRA rich know whats coming and are prepared.

They're like the banker in Monopoly. They know when the game is about to end, and they'll have moved out of paper into gold, silver, land and real estate.

It took CNBC 4 years after the gold and silver bull run started to even SAY the words gold and silver on the show. What was it, 2006 -7 when they added gold and silver to the (top screen) ticker? And even started talking about it, well after it had TRIPLED in price.

Yeah. CNBC is a puppet show.

Gold and Silver are a roller coaster ride.

They (FED) control the price, so that the paper money lives another day.

And in doing so, they steal investors money along the way.

It's only the IRON STOMACH investors, who know for a fact the paper game is about to end, who will win in the end.

So grow some hair down there, and wait for it all to end, soon.

How much above-ground gold (gold that has been mined) is there in all the world?

The best estimate at the end of 2011 is that around 165,000 metric tons (or tonnes) have been mined in all of human history.

The estimated value of all gold known is about $11 Trillion.

In perspective the USA annual operating deficit is $15 Trillion

National gold reserves are measured in $ Billions / USA owns 30% and has the most. Even so Total USA gold holdings: 8,133 tonnes

Value: $361.8bn

Chump change.

Everyone on planet earth could have about 5 gold rings each using all gold mined in history.

That may explain why gold would be useless as a security for the 22 Trillion global deficit?

Analysts at Bloomberg are saying that all PM's will be devalued soon. They been saying that for a year now.

Have you ever tried you hypothesis in alive?

For what I know, you can sell gold in return for local currency everywhere, but I don't know any country where raw gold would be accepted as "money".

*

Not that I have ever come across. Some sort of conversion would be needed I think. Packing gold around... hmmm

CNBC is owned by GE.
GE owns GE Capital-a global finance and banking giant with assets above 550 billion USD.....

No conflict of interest here

That would never happen. However you might soon here the Supreme Court declare the taking of the gold as merely a "tax"!

Shiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiittt...

Just a quick point..for the math challenged like me

Total wealth of the world = x
Total population of the world = y
X/y = avg wealth per person
X-X1 (x1 being the top 10 percent of global incomes) = x2
X2 equals everybody else

X1 increases its wealth by taking from x2

Mass media is not in the business of helping X2--they are in the business of ad revenue.
X1 only wants your income so as to increase their own.

This is the channel that hosts Kramer's Mad Money. Nuff said.