Help w/buying gold

[scaredyclassic]

high 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.

[Arraya]

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.

The inflation adjusted historical high is $2800. Gold fell with the rest of the commodities back in july. Then is started acting like money and fear has been driving it for good reason.

But when you see something like this.

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.

It makes you wonder how safe dollar is, don’t ya think. Maybe it’s just monex propaganda. Or maybe we should just ask Chinese speaking and former employee of the IMF, Geithner if he knows anything about it. But he says he has a strong dollar policy so I’m sure it’s nothing to worry about.

[Arraya]

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.

The inflation adjusted historical high is $2800. Gold fell with the rest of the commodities back in july. Then is started acting like money and fear has been driving it for good reason.

But when you see something like this.

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.

It makes you wonder how safe dollar is, don’t ya think. Maybe it’s just monex propaganda. Or maybe we should just ask Chinese speaking and former employee of the IMF, Geithner if he knows anything about it. But he says he has a strong dollar policy so I’m sure it’s nothing to worry about.

[Arraya]

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.

The inflation adjusted historical high is $2800. Gold fell with the rest of the commodities back in july. Then is started acting like money and fear has been driving it for good reason.

But when you see something like this.

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.

It makes you wonder how safe dollar is, don’t ya think. Maybe it’s just monex propaganda. Or maybe we should just ask Chinese speaking and former employee of the IMF, Geithner if he knows anything about it. But he says he has a strong dollar policy so I’m sure it’s nothing to worry about.

[Arraya]

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.

The inflation adjusted historical high is $2800. Gold fell with the rest of the commodities back in july. Then is started acting like money and fear has been driving it for good reason.

But when you see something like this.

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.

It makes you wonder how safe dollar is, don’t ya think. Maybe it’s just monex propaganda. Or maybe we should just ask Chinese speaking and former employee of the IMF, Geithner if he knows anything about it. But he says he has a strong dollar policy so I’m sure it’s nothing to worry about.

[Arraya]

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.

The inflation adjusted historical high is $2800. Gold fell with the rest of the commodities back in july. Then is started acting like money and fear has been driving it for good reason.

But when you see something like this.

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.

It makes you wonder how safe dollar is, don’t ya think. Maybe it’s just monex propaganda. Or maybe we should just ask Chinese speaking and former employee of the IMF, Geithner if he knows anything about it. But he says he has a strong dollar policy so I’m sure it’s nothing to worry about.

[peterb]

Gold has a very long history of being treated as real money. Fiat currency have a real long history of failing. In the Oct crash gold fell to about 680, roughly a 32% drop from its high. It then proceded to come all the way back up to 1000. What other “commodity” did this? Gold is being treated like real money now. I personally think the US$ is a lot stronger than people think it is. But the world is liking gold. Golds relative strength is now greater than any other asset class. I’m not sure where the price will go from here, but I can tell you the gold mining companies will become more profitable as gold stays in this price range. Just look at where their prices have gone from the Nov lows! Many have doubled since then and are holding tough.
Nothing is certain about the future. Place your bets accordingly.

[peterb]

Gold has a very long history of being treated as real money. Fiat currency have a real long history of failing. In the Oct crash gold fell to about 680, roughly a 32% drop from its high. It then proceded to come all the way back up to 1000. What other “commodity” did this? Gold is being treated like real money now. I personally think the US$ is a lot stronger than people think it is. But the world is liking gold. Golds relative strength is now greater than any other asset class. I’m not sure where the price will go from here, but I can tell you the gold mining companies will become more profitable as gold stays in this price range. Just look at where their prices have gone from the Nov lows! Many have doubled since then and are holding tough.
Nothing is certain about the future. Place your bets accordingly.

[peterb]

Gold has a very long history of being treated as real money. Fiat currency have a real long history of failing. In the Oct crash gold fell to about 680, roughly a 32% drop from its high. It then proceded to come all the way back up to 1000. What other “commodity” did this? Gold is being treated like real money now. I personally think the US$ is a lot stronger than people think it is. But the world is liking gold. Golds relative strength is now greater than any other asset class. I’m not sure where the price will go from here, but I can tell you the gold mining companies will become more profitable as gold stays in this price range. Just look at where their prices have gone from the Nov lows! Many have doubled since then and are holding tough.
Nothing is certain about the future. Place your bets accordingly.

[peterb]

Gold has a very long history of being treated as real money. Fiat currency have a real long history of failing. In the Oct crash gold fell to about 680, roughly a 32% drop from its high. It then proceded to come all the way back up to 1000. What other “commodity” did this? Gold is being treated like real money now. I personally think the US$ is a lot stronger than people think it is. But the world is liking gold. Golds relative strength is now greater than any other asset class. I’m not sure where the price will go from here, but I can tell you the gold mining companies will become more profitable as gold stays in this price range. Just look at where their prices have gone from the Nov lows! Many have doubled since then and are holding tough.
Nothing is certain about the future. Place your bets accordingly.

[peterb]

Gold has a very long history of being treated as real money. Fiat currency have a real long history of failing. In the Oct crash gold fell to about 680, roughly a 32% drop from its high. It then proceded to come all the way back up to 1000. What other “commodity” did this? Gold is being treated like real money now. I personally think the US$ is a lot stronger than people think it is. But the world is liking gold. Golds relative strength is now greater than any other asset class. I’m not sure where the price will go from here, but I can tell you the gold mining companies will become more profitable as gold stays in this price range. Just look at where their prices have gone from the Nov lows! Many have doubled since then and are holding tough.
Nothing is certain about the future. Place your bets accordingly.

[4plexowner]

It’s funny – anyone who believes in the 5000+ year history of gold as money is called a “gold bug”

Why don’t we call people who base their future on the US dollar “dollar bugs”?

I mean look at the history of fiat currencies – there has NEVER BEEN ONE that HAS NOT FAILED – the average lifespan of a fiat currency is less than 50 years

In contrast, humans have been choosing gold as money for at least 5000 years

Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value

So you dollar bugs keep knocking gold – you’ll be proven wrong just as all fiat currency bugs have been proven wrong in the past

~

The stories about “my dad bought gold / silver and lost his ass” amuse me – says to me that your dad is a poor investor – actually just an average investor because that is what average investors do: buy high and sell low – the average investor loses their money over time because they buy high based on greed and sell low based on fear – lots of stories about people losing their ass in stocks but the American ‘investor’ continues to buy and hold them like they were a sure thing

~

The trick to investing IMO is to identify secular trends and get on the right side of them – if you hold an investment on the wrong side of a secular trend you will lose your ass – holding precious metals past 1981 was being on the wrong side of a secular trend

The only secular bull market at this time IMO is gold and silver – all other asset classes, especially equities and real estate, are in secular bear trends – the precious metals bull will run until 2015 to 2020 – the real estate and equity bears will run until 2012-2014

Are you on the right side of the current secular trends?

[4plexowner]

It’s funny – anyone who believes in the 5000+ year history of gold as money is called a “gold bug”

Why don’t we call people who base their future on the US dollar “dollar bugs”?

I mean look at the history of fiat currencies – there has NEVER BEEN ONE that HAS NOT FAILED – the average lifespan of a fiat currency is less than 50 years

In contrast, humans have been choosing gold as money for at least 5000 years

Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value

So you dollar bugs keep knocking gold – you’ll be proven wrong just as all fiat currency bugs have been proven wrong in the past

~

The stories about “my dad bought gold / silver and lost his ass” amuse me – says to me that your dad is a poor investor – actually just an average investor because that is what average investors do: buy high and sell low – the average investor loses their money over time because they buy high based on greed and sell low based on fear – lots of stories about people losing their ass in stocks but the American ‘investor’ continues to buy and hold them like they were a sure thing

~

The trick to investing IMO is to identify secular trends and get on the right side of them – if you hold an investment on the wrong side of a secular trend you will lose your ass – holding precious metals past 1981 was being on the wrong side of a secular trend

The only secular bull market at this time IMO is gold and silver – all other asset classes, especially equities and real estate, are in secular bear trends – the precious metals bull will run until 2015 to 2020 – the real estate and equity bears will run until 2012-2014

Are you on the right side of the current secular trends?

[4plexowner]

It’s funny – anyone who believes in the 5000+ year history of gold as money is called a “gold bug”

Why don’t we call people who base their future on the US dollar “dollar bugs”?

I mean look at the history of fiat currencies – there has NEVER BEEN ONE that HAS NOT FAILED – the average lifespan of a fiat currency is less than 50 years

In contrast, humans have been choosing gold as money for at least 5000 years

Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value

So you dollar bugs keep knocking gold – you’ll be proven wrong just as all fiat currency bugs have been proven wrong in the past

~

The stories about “my dad bought gold / silver and lost his ass” amuse me – says to me that your dad is a poor investor – actually just an average investor because that is what average investors do: buy high and sell low – the average investor loses their money over time because they buy high based on greed and sell low based on fear – lots of stories about people losing their ass in stocks but the American ‘investor’ continues to buy and hold them like they were a sure thing

~

The trick to investing IMO is to identify secular trends and get on the right side of them – if you hold an investment on the wrong side of a secular trend you will lose your ass – holding precious metals past 1981 was being on the wrong side of a secular trend

The only secular bull market at this time IMO is gold and silver – all other asset classes, especially equities and real estate, are in secular bear trends – the precious metals bull will run until 2015 to 2020 – the real estate and equity bears will run until 2012-2014

Are you on the right side of the current secular trends?

[4plexowner]

It’s funny – anyone who believes in the 5000+ year history of gold as money is called a “gold bug”

Why don’t we call people who base their future on the US dollar “dollar bugs”?

I mean look at the history of fiat currencies – there has NEVER BEEN ONE that HAS NOT FAILED – the average lifespan of a fiat currency is less than 50 years

In contrast, humans have been choosing gold as money for at least 5000 years

Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value

So you dollar bugs keep knocking gold – you’ll be proven wrong just as all fiat currency bugs have been proven wrong in the past

~

The stories about “my dad bought gold / silver and lost his ass” amuse me – says to me that your dad is a poor investor – actually just an average investor because that is what average investors do: buy high and sell low – the average investor loses their money over time because they buy high based on greed and sell low based on fear – lots of stories about people losing their ass in stocks but the American ‘investor’ continues to buy and hold them like they were a sure thing

~

The trick to investing IMO is to identify secular trends and get on the right side of them – if you hold an investment on the wrong side of a secular trend you will lose your ass – holding precious metals past 1981 was being on the wrong side of a secular trend

The only secular bull market at this time IMO is gold and silver – all other asset classes, especially equities and real estate, are in secular bear trends – the precious metals bull will run until 2015 to 2020 – the real estate and equity bears will run until 2012-2014

Are you on the right side of the current secular trends?

[Author]

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