Another gold question

[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.

[4plexowner]

jpinpb – you are giving more thought to questions about gold than most people do – kudos to you

the question you are currently posing, “who is going to pay $5000/oz for gold during financial Armageddon?” (I’m paraphrasing a little), is an excellent one

Rick Ackerman (http://www.rickackerman.com/) wonders the same thing – in an economy rife with unemployment and people struggling just to survive financially, how is anyone going to pay thousands of dollars for an ounce of gold and why would they do so even if they could?

Rick also believes that we are headed into MASSIVE deflation because there is no mechanism to get money into the consumer’s hands and therefore, no way for printing press money to have an effect in the economy – according to Rick we can hand money to the banks until the cows come home and we still won’t create inflation because banks don’t SPEND money, they lend it (ie, our current path is deflationary NOT inflationary regardless of how many trillions Ben and Tim give the banks)

Rick is quick to point out that gold is likely to hold its value better than any other asset class regardless of whether we have inflation or deflation – he points to the last year or so as proof (gold has dropped less than 20% while real estate and equities have gotten creamed)

Some analysts say that gold does well in either inflation or deflation – I question whether gold goes up during a deflation but it is easy for me to believe that gold goes up when citizens lose confidence in their government and monetary system even if this loss of confidence occurs in the middle of a massive deflation – ie, regardless of what happens in the next few years, gold is going up, the only question to me is “how much?”

I’m not worried about the “how much” question because I am confident that gold will continue to out-perform all other asset classes (except silver) for the next five to ten years

My only real concern about investing in the precious metals is what the govt will do when it is no longer able to keep the lid on gold prices – they aren’t going to give up on their fiat currency game so they are likely to take some action to prevent the citizens from bailing out of fiat currency and into the metals – I suspect we will be told that terrorists are using the metals to finance their operations and therefore, all transactions involving the precious metals will be made illegal – the value of gold on the black market will of course sky-rocket at that point

As to where you can physically sell gold: coin shop, pawn shop, internet brokers – my preference: local coin shop where I have developed a relationship with the owner

[4plexowner]

jpinpb – you are giving more thought to questions about gold than most people do – kudos to you

the question you are currently posing, “who is going to pay $5000/oz for gold during financial Armageddon?” (I’m paraphrasing a little), is an excellent one

Rick Ackerman (http://www.rickackerman.com/) wonders the same thing – in an economy rife with unemployment and people struggling just to survive financially, how is anyone going to pay thousands of dollars for an ounce of gold and why would they do so even if they could?

Rick also believes that we are headed into MASSIVE deflation because there is no mechanism to get money into the consumer’s hands and therefore, no way for printing press money to have an effect in the economy – according to Rick we can hand money to the banks until the cows come home and we still won’t create inflation because banks don’t SPEND money, they lend it (ie, our current path is deflationary NOT inflationary regardless of how many trillions Ben and Tim give the banks)

Rick is quick to point out that gold is likely to hold its value better than any other asset class regardless of whether we have inflation or deflation – he points to the last year or so as proof (gold has dropped less than 20% while real estate and equities have gotten creamed)

Some analysts say that gold does well in either inflation or deflation – I question whether gold goes up during a deflation but it is easy for me to believe that gold goes up when citizens lose confidence in their government and monetary system even if this loss of confidence occurs in the middle of a massive deflation – ie, regardless of what happens in the next few years, gold is going up, the only question to me is “how much?”

I’m not worried about the “how much” question because I am confident that gold will continue to out-perform all other asset classes (except silver) for the next five to ten years

My only real concern about investing in the precious metals is what the govt will do when it is no longer able to keep the lid on gold prices – they aren’t going to give up on their fiat currency game so they are likely to take some action to prevent the citizens from bailing out of fiat currency and into the metals – I suspect we will be told that terrorists are using the metals to finance their operations and therefore, all transactions involving the precious metals will be made illegal – the value of gold on the black market will of course sky-rocket at that point

As to where you can physically sell gold: coin shop, pawn shop, internet brokers – my preference: local coin shop where I have developed a relationship with the owner

[4plexowner]

jpinpb – you are giving more thought to questions about gold than most people do – kudos to you

the question you are currently posing, “who is going to pay $5000/oz for gold during financial Armageddon?” (I’m paraphrasing a little), is an excellent one

Rick Ackerman (http://www.rickackerman.com/) wonders the same thing – in an economy rife with unemployment and people struggling just to survive financially, how is anyone going to pay thousands of dollars for an ounce of gold and why would they do so even if they could?

Rick also believes that we are headed into MASSIVE deflation because there is no mechanism to get money into the consumer’s hands and therefore, no way for printing press money to have an effect in the economy – according to Rick we can hand money to the banks until the cows come home and we still won’t create inflation because banks don’t SPEND money, they lend it (ie, our current path is deflationary NOT inflationary regardless of how many trillions Ben and Tim give the banks)

Rick is quick to point out that gold is likely to hold its value better than any other asset class regardless of whether we have inflation or deflation – he points to the last year or so as proof (gold has dropped less than 20% while real estate and equities have gotten creamed)

Some analysts say that gold does well in either inflation or deflation – I question whether gold goes up during a deflation but it is easy for me to believe that gold goes up when citizens lose confidence in their government and monetary system even if this loss of confidence occurs in the middle of a massive deflation – ie, regardless of what happens in the next few years, gold is going up, the only question to me is “how much?”

I’m not worried about the “how much” question because I am confident that gold will continue to out-perform all other asset classes (except silver) for the next five to ten years

My only real concern about investing in the precious metals is what the govt will do when it is no longer able to keep the lid on gold prices – they aren’t going to give up on their fiat currency game so they are likely to take some action to prevent the citizens from bailing out of fiat currency and into the metals – I suspect we will be told that terrorists are using the metals to finance their operations and therefore, all transactions involving the precious metals will be made illegal – the value of gold on the black market will of course sky-rocket at that point

As to where you can physically sell gold: coin shop, pawn shop, internet brokers – my preference: local coin shop where I have developed a relationship with the owner

[4plexowner]

jpinpb – you are giving more thought to questions about gold than most people do – kudos to you

the question you are currently posing, “who is going to pay $5000/oz for gold during financial Armageddon?” (I’m paraphrasing a little), is an excellent one

Rick Ackerman (http://www.rickackerman.com/) wonders the same thing – in an economy rife with unemployment and people struggling just to survive financially, how is anyone going to pay thousands of dollars for an ounce of gold and why would they do so even if they could?

Rick also believes that we are headed into MASSIVE deflation because there is no mechanism to get money into the consumer’s hands and therefore, no way for printing press money to have an effect in the economy – according to Rick we can hand money to the banks until the cows come home and we still won’t create inflation because banks don’t SPEND money, they lend it (ie, our current path is deflationary NOT inflationary regardless of how many trillions Ben and Tim give the banks)

Rick is quick to point out that gold is likely to hold its value better than any other asset class regardless of whether we have inflation or deflation – he points to the last year or so as proof (gold has dropped less than 20% while real estate and equities have gotten creamed)

Some analysts say that gold does well in either inflation or deflation – I question whether gold goes up during a deflation but it is easy for me to believe that gold goes up when citizens lose confidence in their government and monetary system even if this loss of confidence occurs in the middle of a massive deflation – ie, regardless of what happens in the next few years, gold is going up, the only question to me is “how much?”

I’m not worried about the “how much” question because I am confident that gold will continue to out-perform all other asset classes (except silver) for the next five to ten years

My only real concern about investing in the precious metals is what the govt will do when it is no longer able to keep the lid on gold prices – they aren’t going to give up on their fiat currency game so they are likely to take some action to prevent the citizens from bailing out of fiat currency and into the metals – I suspect we will be told that terrorists are using the metals to finance their operations and therefore, all transactions involving the precious metals will be made illegal – the value of gold on the black market will of course sky-rocket at that point

As to where you can physically sell gold: coin shop, pawn shop, internet brokers – my preference: local coin shop where I have developed a relationship with the owner

[4plexowner]

jpinpb – you are giving more thought to questions about gold than most people do – kudos to you

the question you are currently posing, “who is going to pay $5000/oz for gold during financial Armageddon?” (I’m paraphrasing a little), is an excellent one

Rick Ackerman (http://www.rickackerman.com/) wonders the same thing – in an economy rife with unemployment and people struggling just to survive financially, how is anyone going to pay thousands of dollars for an ounce of gold and why would they do so even if they could?

Rick also believes that we are headed into MASSIVE deflation because there is no mechanism to get money into the consumer’s hands and therefore, no way for printing press money to have an effect in the economy – according to Rick we can hand money to the banks until the cows come home and we still won’t create inflation because banks don’t SPEND money, they lend it (ie, our current path is deflationary NOT inflationary regardless of how many trillions Ben and Tim give the banks)

Rick is quick to point out that gold is likely to hold its value better than any other asset class regardless of whether we have inflation or deflation – he points to the last year or so as proof (gold has dropped less than 20% while real estate and equities have gotten creamed)

Some analysts say that gold does well in either inflation or deflation – I question whether gold goes up during a deflation but it is easy for me to believe that gold goes up when citizens lose confidence in their government and monetary system even if this loss of confidence occurs in the middle of a massive deflation – ie, regardless of what happens in the next few years, gold is going up, the only question to me is “how much?”

I’m not worried about the “how much” question because I am confident that gold will continue to out-perform all other asset classes (except silver) for the next five to ten years

My only real concern about investing in the precious metals is what the govt will do when it is no longer able to keep the lid on gold prices – they aren’t going to give up on their fiat currency game so they are likely to take some action to prevent the citizens from bailing out of fiat currency and into the metals – I suspect we will be told that terrorists are using the metals to finance their operations and therefore, all transactions involving the precious metals will be made illegal – the value of gold on the black market will of course sky-rocket at that point

As to where you can physically sell gold: coin shop, pawn shop, internet brokers – my preference: local coin shop where I have developed a relationship with the owner

[jpinpb]

Thank you 4plexowner. If it is true that gold goes up when citizens lose confidence in their government, well, that’s it. I’m cashing out my CD and off to the gold coin store I go.

“What the govt will do when it is no longer able to keep the lid on gold prices.” That raises a good question, one I asked on the other gold thread. The gov did confiscate gold back in the day and I sure as heck wouldn’t put it passed them to do it again.

“Transactions involving the precious metals will be made illegal” Well, then how the heck can/will you buy anything w/gold? How can you trade it/cash it in? Are we back to Ebay? lol.

Will we have to leave the country to sell/buy it? Getting complicated. I ask questions for answers and find myself just asking more questions.

[jpinpb]

Thank you 4plexowner. If it is true that gold goes up when citizens lose confidence in their government, well, that’s it. I’m cashing out my CD and off to the gold coin store I go.

“What the govt will do when it is no longer able to keep the lid on gold prices.” That raises a good question, one I asked on the other gold thread. The gov did confiscate gold back in the day and I sure as heck wouldn’t put it passed them to do it again.

“Transactions involving the precious metals will be made illegal” Well, then how the heck can/will you buy anything w/gold? How can you trade it/cash it in? Are we back to Ebay? lol.

Will we have to leave the country to sell/buy it? Getting complicated. I ask questions for answers and find myself just asking more questions.

[jpinpb]

Thank you 4plexowner. If it is true that gold goes up when citizens lose confidence in their government, well, that’s it. I’m cashing out my CD and off to the gold coin store I go.

“What the govt will do when it is no longer able to keep the lid on gold prices.” That raises a good question, one I asked on the other gold thread. The gov did confiscate gold back in the day and I sure as heck wouldn’t put it passed them to do it again.

“Transactions involving the precious metals will be made illegal” Well, then how the heck can/will you buy anything w/gold? How can you trade it/cash it in? Are we back to Ebay? lol.

Will we have to leave the country to sell/buy it? Getting complicated. I ask questions for answers and find myself just asking more questions.

[jpinpb]

Thank you 4plexowner. If it is true that gold goes up when citizens lose confidence in their government, well, that’s it. I’m cashing out my CD and off to the gold coin store I go.

“What the govt will do when it is no longer able to keep the lid on gold prices.” That raises a good question, one I asked on the other gold thread. The gov did confiscate gold back in the day and I sure as heck wouldn’t put it passed them to do it again.

“Transactions involving the precious metals will be made illegal” Well, then how the heck can/will you buy anything w/gold? How can you trade it/cash it in? Are we back to Ebay? lol.

Will we have to leave the country to sell/buy it? Getting complicated. I ask questions for answers and find myself just asking more questions.

[jpinpb]

Thank you 4plexowner. If it is true that gold goes up when citizens lose confidence in their government, well, that’s it. I’m cashing out my CD and off to the gold coin store I go.

“What the govt will do when it is no longer able to keep the lid on gold prices.” That raises a good question, one I asked on the other gold thread. The gov did confiscate gold back in the day and I sure as heck wouldn’t put it passed them to do it again.

“Transactions involving the precious metals will be made illegal” Well, then how the heck can/will you buy anything w/gold? How can you trade it/cash it in? Are we back to Ebay? lol.

Will we have to leave the country to sell/buy it? Getting complicated. I ask questions for answers and find myself just asking more questions.

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[4plexowner]

What does an honest person do when he realizes that the country he loves is no longer being run honestly?

Each individual has to answer that question for themselves

[Author]

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