Gold

Yes . and not just a Yes conventionally .... YES because try for one minute to not look at gold price in USD chart but rather in other currencies around the world .. you will then see gold soaring in price in 72 !! currencies around the world !! this places gold as not just the best currency for these countries and people but the only one!

gold costs about a thousand an ounce to mine now

and its spot price is low, so its not a bad item to own

as a hedge.

Could gold go to 5000 per ounce?

its already there and probably past it ... its being managed down in paper market with extreme leverage scams .. you can go long with alot of margin requirement but can go short with very little ... its a con game that keeps on going to prop up the dollar . if this was to suddenly cease and stop prob gap up to $10,000 overnight .. # beach ball under water kept down with 1 million hands

YEP!

So that makes the GLD etf pretty much worthless, got it.

So you guys are saying that gold will never grow to $5000 per ounce because of US control factors.

And the purpose of gold is for international governmental trade agreements and nothing more?

And nothing can spook the gold market because the control is so tight?

i would say a small percentage of the population own any gold .. this will leave them immensly vulnerable one day just like it has to any of the other 72 countries of the world currently experiencing shock of loss of Purchasing power , and getting worse and worse each week .

Could gold go to 5000 per ounce?

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Gold will buy 100 years from now, what it will buy today.

150 years ago, an ounce of gold (or $20) would buy a very nice 3 piece suit, dress shirt, and dress shoes to go with it.

Today an ounce of gold will buy the same thing...but $20 sure wont.

So if gold goes to $5000 per ounce, it just means the dollar lost value...but you have kept your purchasing power by storing it in gold.

If an ounce of silver buys you 4 big macs...then a big mac goes up to 100,000 dollars...that ounce of silver will still buy you 4 big macs.

Technically you could say that silver is worth $400,000 per ounce...but it still buys the same thing...but $16 sure wont.

Gold / silver is insurance against hyperinflation (like in zimbabwe or venezuella).

Not at all. Gold and silver were the first forms of money, they will always be money. Everything else is either a substitute or receipt of gold or silver.

Right now, or during the past 100 years or so, credit has been fungible with money because governments backed stopped it with legal tender laws and because people generally trusted banks and governments.

But behind the scenes a mountain of debt has been built up, debt that was used for consumption mostly. Like taking a trip to Hawaii and blowing it all on surf and sand instead of buying a power saw and tools you could use to build stuff out of wood to sell.

So, one day will come when everyone becomes suspicious of all those paper claims on money out there, that were created from debt. At that point they will panic and sell all their paper assets to buy real tangible assets before the paper currency loses any value.

So gold and silver are hedges against inflation, not so much an investment.

Put as much as you can in gold.

I would if i could but i can't so i won't.

I would if i could but i can't so i won't.

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You can't manage $16 for an ounce of silver?

I flat out don't believe you!

I'll bet you can manage $16 for beer or weed!

(EDIT: watch this! Threaten a mans beer or weed & he goes balistic) :D

Last Edited by Mental Case on 04/02/2019 10:11 PM

Put as much as you can in gold.

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A sensible plan is to put 5% of your "net worth" into gold and silver.

Take that dollar value...and split it into gold and silver equally (that means if you have $1000 then 500 goes into gold and 500 goes into silver).

good advice.

Gold is up today.

Remember when the Fed Govt made it illegal for citizens to own gold?? EO6102 1933


This will happen again.

When China calls their loans to the US, the US Fed Govt will confiscate everyone's gold to try and prevent the inevitable bankruptcy of the nation.
At least this is what we will be told.

The Fed will take your gold from you.

Will they offer fair market value?

it should already be there

back in 2011 it was almost 2000

then the markets were rigged and have been ever since

gold and silver are not allowed to move freely

they are controlled like all other markets

so keep that in mind... it is good to own and will always have value but ever since 2011, gold has been capped and not allowed to move freely

I alway suggest investing in Chinese steel.

They have a lot population to grow their economy which means a heavy demand for metals.

There is a place in Asia where they shit upon golden thrones.

If i had any money

much cash would go into gold

but i don't

so no worries

So gold and silver are hedges against inflation, not so much an investment.

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In a nutshell...yes that is correct.

But there is a "possibility" for gold to soar in value...but that may or may not happen in our life times.

You could come up with a new alloy that increases demand for gold (I think they just mixed gold with platinum to make a metal that never wears out)...something like that.

Or if the gold manipulation ended (it wont) then the price of gold could soar.

But those are maybes and ifs.

Edit: Also, even in the event of world wide calamity, gold & silver hold value.

In 5,000 years gold has never gone to zero!

While stocks, bonds, and currencies have fallen to zero...it has never happened to gold.

Last Edited by Mental Case on 04/10/2019 08:47 PM

Remember how quickly that was rescinded? As in almost immediately?

I sold some silver certificate bills at a coin shop. There was a law in 1964 that rescinded the payment of silver for those bills and likely won't be reinstated.

I sold some silver certificate bills at a coin shop. There was a law in 1964 that rescinded the payment of silver for those bills and likely won't be reinstated.

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I believe it was nixon who took the US dollar off the gold standard (not like he had much choice in the matter).

Now the US dollar is backed by thousands of ICBMs.