Prediction: Gold's going to almost hit $1400 sometime in the next few weeks.

While stupid bitcoin drops even more.

Only idiots buy gold ETF's / stocks.
They sell more gold then they have.


And no, maybe by April / May, MAYBE.

Gold stocks have outperformed the markets in December and January. And if you don't understand the difference between December and January. You shouldn't own any gold.

don't care about paper gold, buy only real here.... btw, don't really care if it goes up or down, only will need it when the End comes.

He's right

It will eventually hit 4 million USD as USD becomes worthless.

Thread: President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again

You grossly miss the point of gold.

What can you buy with digital gold in an immediate crisis?
You have to wait for a transfer.

Gold today, can buy as much bread as it could in the roman times.

Audit the fed.
[link to www.congress.gov (secure)]

Abolish the antiquated IRS
[link to www.congress.gov (secure)]

Don't buy anything over 100 grams if you are looking to retire in around 15 years.
It is about $4400 for 100 gram bars right now. If price doubles in the next 15 years to $8800, you still fall below reporting thresholds upon sale.
That is the "right" way to unload some stash.

One reason we hold gold is to protect against the banking system—and most ETFs are part of that very system!

You can actually feed a family of 5 for one ounce of silver for months...in Venezuela. It's preferred over the Bolivar. Secondly, you can obviously transfer it into fiat and vice versa. Lastly, you can use gold to make purchases using a Visa until the government regulated it out of the United States. You can be liquid in gold (or could*). They are working on a solution for it. Goldmoney. Right now, its just gold stored in Brinks vaults around the world for customers.

Owning a tangible asset that has virtually no counterparty risk. You simply can’t buy a more crisis proof asset.

Would you store physical gold in a bank?


Paper gold is too much counter party risk for wise people.

I do have gold stored in Brinks vaults around the world via Goldmoney. It's physical not paper. Your talking about the Comex.

giddyup!

You can not eat gold anyway

No, its a medium of exchange. You can't eat paper, either. Why make simpleton comments? Again, Venezula=1 ounce of silver=5 months of food for a family of 5. $15 in US currency.

I disagree. That's why you invest in Gold miners which have outperformed the markets. Secondly, the collapse could happen over decades. You want to own Gold miners for the long term.

How long till you take possession?

One sexual allegation is enough to hurt a company.. Say CEO steps down, and a fool steps up.

Buy and hold, gold miners. With the amount of liquidity being injected in the global economy since the beginning of January, we're about to see core inflation rise, quickly. Gold is on the move and it's still vastly undervalued. Even at $1400.

That is because the dollar is strong.
Trump: Euro = $1.13
Obama: Euro = $1.55+

Trump: GBP $1.29
Obama: GBP $1.60+

Trump: CAD $0.76
Obama: CAD $1.05+



Been in this game since I was 19. I did VERY VERY well.

There are ROTH IRAs for gold.

Suppose disaster really does strike. How would you redeem your gold if it’s sitting in a depository halfway across the country/globe?

The dollar is strong because the Federal Reserve claimed it was going to raise rates from 0% over the past 8 years. It stopped at 2.5% and basically admitted it can't go any higher without causing a recession (although I believe were already in one). Next, they eliminate reverse operation twist (e.g. getting rid of the Federal Reserve's balance sheet which is never going to happen) then back down 0%.

Then, the dollar will fall and the rest of the world will reject our inflation. Another strategy is to invest overseas. But, the dollar won't be strong for long.

The Federal Reserve admitted it can't raise rates from 2.5% and is about to cancel rolling off it's balance sheet.

That means debt creation to the entire world until they reject the dollar.

It's going to fall...like a rock hitting water.

Politics is just a way to skip the rock a few more times until it sinks.

To your last comment about skipping a rock, that is why I own physical.
I can store $10,000 in fiat in a drawer for 5 years, and when I spend, it has the purchase power of, say, $8000.

I can store $10,000 in gold in that same drawer, and when I trade for fiat, I may get $13,000.


I am out though.

I just can't see "owning" something that will take days to get custody of.

One last note...


Prediction: Next year, water will still be wet. Fire will still be hot.

Goldmoney did have immediate possession via a debit card you could transfer into fiat and spend at any store in the United States. The government regulated that part of it's business in the United States (they are actually blaming it on the actual debit card provider and saying it will be resolved), but you can take physical delivery of your gold or you can transfer it via a wire transfer. It use to be 100% liquid in gold. Now, its a gold vault until the regulations are resolved.