Another gold question

[luxuryglow]

jpinpb

check this site:

http://www.jsmineset.com/

i learned a lot about gold from Jim Sinclair.

[mrwrong]

Food is perishable thus cannot be stored for a long period of time. If people believe that there is going to be serious inflation in the near future, then they have to get rid of the surplus cash after buying all the necessities, food, shelter, and etc. Historically people have chosen precious metals for preserving the purchasing power of their savings during times of inflation. In the early months of 1980, when gold was at the previous bull market high, there was a long line of people outside a local coin shop waiting to buy gold, or so I was told. Trust me, if and when gold is at $1500, you will not have trouble finding a buyer. I’m not saying $1500 is the price to sell, just to say you can sell at that price easily if it gets there.

With regard to who sets the price of gold, the market does. There has been a market for gold for thousands of years. Again when people start to lose faith in paper, gold will become more valuable.

[mrwrong]

Food is perishable thus cannot be stored for a long period of time. If people believe that there is going to be serious inflation in the near future, then they have to get rid of the surplus cash after buying all the necessities, food, shelter, and etc. Historically people have chosen precious metals for preserving the purchasing power of their savings during times of inflation. In the early months of 1980, when gold was at the previous bull market high, there was a long line of people outside a local coin shop waiting to buy gold, or so I was told. Trust me, if and when gold is at $1500, you will not have trouble finding a buyer. I’m not saying $1500 is the price to sell, just to say you can sell at that price easily if it gets there.

With regard to who sets the price of gold, the market does. There has been a market for gold for thousands of years. Again when people start to lose faith in paper, gold will become more valuable.

[mrwrong]

Food is perishable thus cannot be stored for a long period of time. If people believe that there is going to be serious inflation in the near future, then they have to get rid of the surplus cash after buying all the necessities, food, shelter, and etc. Historically people have chosen precious metals for preserving the purchasing power of their savings during times of inflation. In the early months of 1980, when gold was at the previous bull market high, there was a long line of people outside a local coin shop waiting to buy gold, or so I was told. Trust me, if and when gold is at $1500, you will not have trouble finding a buyer. I’m not saying $1500 is the price to sell, just to say you can sell at that price easily if it gets there.

With regard to who sets the price of gold, the market does. There has been a market for gold for thousands of years. Again when people start to lose faith in paper, gold will become more valuable.

[mrwrong]

Food is perishable thus cannot be stored for a long period of time. If people believe that there is going to be serious inflation in the near future, then they have to get rid of the surplus cash after buying all the necessities, food, shelter, and etc. Historically people have chosen precious metals for preserving the purchasing power of their savings during times of inflation. In the early months of 1980, when gold was at the previous bull market high, there was a long line of people outside a local coin shop waiting to buy gold, or so I was told. Trust me, if and when gold is at $1500, you will not have trouble finding a buyer. I’m not saying $1500 is the price to sell, just to say you can sell at that price easily if it gets there.

With regard to who sets the price of gold, the market does. There has been a market for gold for thousands of years. Again when people start to lose faith in paper, gold will become more valuable.

[mrwrong]

Food is perishable thus cannot be stored for a long period of time. If people believe that there is going to be serious inflation in the near future, then they have to get rid of the surplus cash after buying all the necessities, food, shelter, and etc. Historically people have chosen precious metals for preserving the purchasing power of their savings during times of inflation. In the early months of 1980, when gold was at the previous bull market high, there was a long line of people outside a local coin shop waiting to buy gold, or so I was told. Trust me, if and when gold is at $1500, you will not have trouble finding a buyer. I’m not saying $1500 is the price to sell, just to say you can sell at that price easily if it gets there.

With regard to who sets the price of gold, the market does. There has been a market for gold for thousands of years. Again when people start to lose faith in paper, gold will become more valuable.

[jpinpb]

Thanks, everyone. I appreciate the feedback and thanks for the link. Was that in English? Learning this is like learning another language. Seem so foreign to me. I understand the reasons why people are saying to buy gold, but I just didn’t understand how in the future it will work. If the economy sucks, why would people buy gold then? They will not have buying power b/c the dollar will suck. We will have inflation. How will buying gold be of benefit to them/anyone?

[jpinpb]

Thanks, everyone. I appreciate the feedback and thanks for the link. Was that in English? Learning this is like learning another language. Seem so foreign to me. I understand the reasons why people are saying to buy gold, but I just didn’t understand how in the future it will work. If the economy sucks, why would people buy gold then? They will not have buying power b/c the dollar will suck. We will have inflation. How will buying gold be of benefit to them/anyone?

[jpinpb]

Thanks, everyone. I appreciate the feedback and thanks for the link. Was that in English? Learning this is like learning another language. Seem so foreign to me. I understand the reasons why people are saying to buy gold, but I just didn’t understand how in the future it will work. If the economy sucks, why would people buy gold then? They will not have buying power b/c the dollar will suck. We will have inflation. How will buying gold be of benefit to them/anyone?

[jpinpb]

Thanks, everyone. I appreciate the feedback and thanks for the link. Was that in English? Learning this is like learning another language. Seem so foreign to me. I understand the reasons why people are saying to buy gold, but I just didn’t understand how in the future it will work. If the economy sucks, why would people buy gold then? They will not have buying power b/c the dollar will suck. We will have inflation. How will buying gold be of benefit to them/anyone?

[jpinpb]

Thanks, everyone. I appreciate the feedback and thanks for the link. Was that in English? Learning this is like learning another language. Seem so foreign to me. I understand the reasons why people are saying to buy gold, but I just didn’t understand how in the future it will work. If the economy sucks, why would people buy gold then? They will not have buying power b/c the dollar will suck. We will have inflation. How will buying gold be of benefit to them/anyone?

[scaredyclassic]

answer; you’re not really “buying” gold. You’re just trading your fiat paper dollars for gold. If you ahve extra wealth, you have to do something with it. you can leave it in your paper dollars, or buy whiskey, or dope, or gol, or other stuff of course, even real estate. if you beleive gold is money-like, and it comes to pass that dollars start becoming very very common, you may want to make some of those dollars gold, since gold might be less common. the economy can suck adn there can be lots of excess money floating around. the good news, in other words, is that your gold could be worth 5k an ounce. the bad news is that a loaf of bread costs $20.

[scaredyclassic]

answer; you’re not really “buying” gold. You’re just trading your fiat paper dollars for gold. If you ahve extra wealth, you have to do something with it. you can leave it in your paper dollars, or buy whiskey, or dope, or gol, or other stuff of course, even real estate. if you beleive gold is money-like, and it comes to pass that dollars start becoming very very common, you may want to make some of those dollars gold, since gold might be less common. the economy can suck adn there can be lots of excess money floating around. the good news, in other words, is that your gold could be worth 5k an ounce. the bad news is that a loaf of bread costs $20.

[scaredyclassic]

answer; you’re not really “buying” gold. You’re just trading your fiat paper dollars for gold. If you ahve extra wealth, you have to do something with it. you can leave it in your paper dollars, or buy whiskey, or dope, or gol, or other stuff of course, even real estate. if you beleive gold is money-like, and it comes to pass that dollars start becoming very very common, you may want to make some of those dollars gold, since gold might be less common. the economy can suck adn there can be lots of excess money floating around. the good news, in other words, is that your gold could be worth 5k an ounce. the bad news is that a loaf of bread costs $20.

[scaredyclassic]

answer; you’re not really “buying” gold. You’re just trading your fiat paper dollars for gold. If you ahve extra wealth, you have to do something with it. you can leave it in your paper dollars, or buy whiskey, or dope, or gol, or other stuff of course, even real estate. if you beleive gold is money-like, and it comes to pass that dollars start becoming very very common, you may want to make some of those dollars gold, since gold might be less common. the economy can suck adn there can be lots of excess money floating around. the good news, in other words, is that your gold could be worth 5k an ounce. the bad news is that a loaf of bread costs $20.

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