Home › Forums › Financial Markets/Economics › Help w/buying gold
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4plexowner.
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March 23, 2009 at 7:49 PM #372664March 23, 2009 at 8:02 PM #372060
Diego Mamani
Participant[quote=jpinpb]I’m inserting Partypup’s post from another thread: (…) When the hammer falls, you absolutely don’t want to be caught with paper.[/quote]
Geez… You gotta love these “the sky is falling” posts in cyberspace. They predict a cataclysmic collapse, yet for some reason they think there’ll be enough lawfulness so that you don’t get killed for a can of beans, let alone a few ounces of gold.
Look, if it gets so bad that the US dollar becomes worthless and the government fails, you’ll have more pressing needs than preserving your savings. Such as eating again, or maybe even surviving overnight.
Thanks for the entertainment, though 🙂
March 23, 2009 at 8:02 PM #372344Participant[quote=jpinpb]I’m inserting Partypup’s post from another thread: (…) When the hammer falls, you absolutely don’t want to be caught with paper.[/quote]
Geez… You gotta love these “the sky is falling” posts in cyberspace. They predict a cataclysmic collapse, yet for some reason they think there’ll be enough lawfulness so that you don’t get killed for a can of beans, let alone a few ounces of gold.
Look, if it gets so bad that the US dollar becomes worthless and the government fails, you’ll have more pressing needs than preserving your savings. Such as eating again, or maybe even surviving overnight.
Thanks for the entertainment, though 🙂
March 23, 2009 at 8:02 PM #372518Participant[quote=jpinpb]I’m inserting Partypup’s post from another thread: (…) When the hammer falls, you absolutely don’t want to be caught with paper.[/quote]
Geez… You gotta love these “the sky is falling” posts in cyberspace. They predict a cataclysmic collapse, yet for some reason they think there’ll be enough lawfulness so that you don’t get killed for a can of beans, let alone a few ounces of gold.
Look, if it gets so bad that the US dollar becomes worthless and the government fails, you’ll have more pressing needs than preserving your savings. Such as eating again, or maybe even surviving overnight.
Thanks for the entertainment, though 🙂
March 23, 2009 at 8:02 PM #372560Participant[quote=jpinpb]I’m inserting Partypup’s post from another thread: (…) When the hammer falls, you absolutely don’t want to be caught with paper.[/quote]
Geez… You gotta love these “the sky is falling” posts in cyberspace. They predict a cataclysmic collapse, yet for some reason they think there’ll be enough lawfulness so that you don’t get killed for a can of beans, let alone a few ounces of gold.
Look, if it gets so bad that the US dollar becomes worthless and the government fails, you’ll have more pressing needs than preserving your savings. Such as eating again, or maybe even surviving overnight.
Thanks for the entertainment, though 🙂
March 23, 2009 at 8:02 PM #372674Participant[quote=jpinpb]I’m inserting Partypup’s post from another thread: (…) When the hammer falls, you absolutely don’t want to be caught with paper.[/quote]
Geez… You gotta love these “the sky is falling” posts in cyberspace. They predict a cataclysmic collapse, yet for some reason they think there’ll be enough lawfulness so that you don’t get killed for a can of beans, let alone a few ounces of gold.
Look, if it gets so bad that the US dollar becomes worthless and the government fails, you’ll have more pressing needs than preserving your savings. Such as eating again, or maybe even surviving overnight.
Thanks for the entertainment, though 🙂
March 23, 2009 at 9:46 PM #372070Anonymous
GuestHmmm. I find it interesting that piggs might actually buy into gold in times of economic uncertainty.
Gold is specifically marketed as an investment for people who are ignorant and scared. The truth is gold has no more intrinsic value than stocks, bonds, houses, or even clear rocks that women seem to believe signify how much they are loved. Gold may go up, and it may go down. It is an investment, a gamble, just like everything else, and by historical standards gold is very high priced right now because there is a fear bubble, just like the housing bubble, if you think people are going to get even more scared and want to take that bet, buy all the gold you can afford. But I promise sooner or later the fear bubble will burst, and the price will drop. Maybe you will be smart/lucky enough to sell before the fear bubble bursts, maybe not. Don’t believe me? You don’t have to, go lookup what happened in the 1980’s to the price of gold. I know this very well, because my father purchased gold in the 70s and 80s and he got burned pretty bad. He believed gold was a “safe” investment. Well there is no such thing.
Monex is no better than the NAR.
March 23, 2009 at 9:46 PM #372354GuestHmmm. I find it interesting that piggs might actually buy into gold in times of economic uncertainty.
Gold is specifically marketed as an investment for people who are ignorant and scared. The truth is gold has no more intrinsic value than stocks, bonds, houses, or even clear rocks that women seem to believe signify how much they are loved. Gold may go up, and it may go down. It is an investment, a gamble, just like everything else, and by historical standards gold is very high priced right now because there is a fear bubble, just like the housing bubble, if you think people are going to get even more scared and want to take that bet, buy all the gold you can afford. But I promise sooner or later the fear bubble will burst, and the price will drop. Maybe you will be smart/lucky enough to sell before the fear bubble bursts, maybe not. Don’t believe me? You don’t have to, go lookup what happened in the 1980’s to the price of gold. I know this very well, because my father purchased gold in the 70s and 80s and he got burned pretty bad. He believed gold was a “safe” investment. Well there is no such thing.
Monex is no better than the NAR.
March 23, 2009 at 9:46 PM #372528GuestHmmm. I find it interesting that piggs might actually buy into gold in times of economic uncertainty.
Gold is specifically marketed as an investment for people who are ignorant and scared. The truth is gold has no more intrinsic value than stocks, bonds, houses, or even clear rocks that women seem to believe signify how much they are loved. Gold may go up, and it may go down. It is an investment, a gamble, just like everything else, and by historical standards gold is very high priced right now because there is a fear bubble, just like the housing bubble, if you think people are going to get even more scared and want to take that bet, buy all the gold you can afford. But I promise sooner or later the fear bubble will burst, and the price will drop. Maybe you will be smart/lucky enough to sell before the fear bubble bursts, maybe not. Don’t believe me? You don’t have to, go lookup what happened in the 1980’s to the price of gold. I know this very well, because my father purchased gold in the 70s and 80s and he got burned pretty bad. He believed gold was a “safe” investment. Well there is no such thing.
Monex is no better than the NAR.
March 23, 2009 at 9:46 PM #372570GuestHmmm. I find it interesting that piggs might actually buy into gold in times of economic uncertainty.
Gold is specifically marketed as an investment for people who are ignorant and scared. The truth is gold has no more intrinsic value than stocks, bonds, houses, or even clear rocks that women seem to believe signify how much they are loved. Gold may go up, and it may go down. It is an investment, a gamble, just like everything else, and by historical standards gold is very high priced right now because there is a fear bubble, just like the housing bubble, if you think people are going to get even more scared and want to take that bet, buy all the gold you can afford. But I promise sooner or later the fear bubble will burst, and the price will drop. Maybe you will be smart/lucky enough to sell before the fear bubble bursts, maybe not. Don’t believe me? You don’t have to, go lookup what happened in the 1980’s to the price of gold. I know this very well, because my father purchased gold in the 70s and 80s and he got burned pretty bad. He believed gold was a “safe” investment. Well there is no such thing.
Monex is no better than the NAR.
March 23, 2009 at 9:46 PM #372684GuestHmmm. I find it interesting that piggs might actually buy into gold in times of economic uncertainty.
Gold is specifically marketed as an investment for people who are ignorant and scared. The truth is gold has no more intrinsic value than stocks, bonds, houses, or even clear rocks that women seem to believe signify how much they are loved. Gold may go up, and it may go down. It is an investment, a gamble, just like everything else, and by historical standards gold is very high priced right now because there is a fear bubble, just like the housing bubble, if you think people are going to get even more scared and want to take that bet, buy all the gold you can afford. But I promise sooner or later the fear bubble will burst, and the price will drop. Maybe you will be smart/lucky enough to sell before the fear bubble bursts, maybe not. Don’t believe me? You don’t have to, go lookup what happened in the 1980’s to the price of gold. I know this very well, because my father purchased gold in the 70s and 80s and he got burned pretty bad. He believed gold was a “safe” investment. Well there is no such thing.
Monex is no better than the NAR.
March 23, 2009 at 9:56 PM #372075scaredyclassic
Participanthigh is relative. maybe it was just super low. loks to me like it’s building a base before starting the real bubble.
maybe it’s just another investment.
but there’s very few things that keep their value no matter what.
even real estate can go to close to zero.
gold keeps some value no matter what.
March 23, 2009 at 9:56 PM #372359Participanthigh is relative. maybe it was just super low. loks to me like it’s building a base before starting the real bubble.
maybe it’s just another investment.
but there’s very few things that keep their value no matter what.
even real estate can go to close to zero.
gold keeps some value no matter what.
March 23, 2009 at 9:56 PM #372533Participanthigh is relative. maybe it was just super low. loks to me like it’s building a base before starting the real bubble.
maybe it’s just another investment.
but there’s very few things that keep their value no matter what.
even real estate can go to close to zero.
gold keeps some value no matter what.
March 23, 2009 at 9:56 PM #372575Participanthigh is relative. maybe it was just super low. loks to me like it’s building a base before starting the real bubble.
maybe it’s just another investment.
but there’s very few things that keep their value no matter what.
even real estate can go to close to zero.
gold keeps some value no matter what.
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