Why we're so in love with gold
The recipient of a gold bracelet might treasure it forever. As an investment, it might even be worth more someday. But buy gold for love, not gain.
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Gold and Silver is the ONLY investment in world that has NEVER been worth nothing. Gold is an insurance policy against your own government from printing worthless paper money. Remember it is not the price of gold going up in value, it is the value of the dollar going down that drives the price of gold.
1 millions tons?
175 thousand tons?
I don't know "where" you get these ridiculous figures from but in grad school we had to come up with this at the end of year and ALL of the gold that has EVER mined if put together would be between 140,000 & 160,000 tones
I literally think the gold "is not there" for these countries to have a "call" for it.
And yes, you NEED to buy not only gold but Silver as well, as they just stopped minting of the Silver Eagles, silver will go up like gold did, and since costs at the mine's are going up, the cost of gold is going to go up substantially.
I live in TX and down in Houston or San Antonio they are requiring you to be fingerprinted and a mug shot taken just to buy/sell your gold, like it’s a gun.
What is it with gold and guns that the Gov wants to have a strict tally and control over?
I think that the time is coming, and they are realizing it too, to where us (the people) are going to figure out that we have been duped and that the real us debt is not even close to the publicly acknowledged figure of $14 Trillion, it is really $222 Trillion, just use the ’s realistic long-term budget forecast -- the “Alternative Fiscal Scenario” – which you will find is now $222 trillion yourself. Last year, it was $211 trillion. The $11 trillion difference -- this year’s true federal deficit -- is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in public hands.
“It is well enough that people of our nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning” –
Just like anything,Gold can go up more or go down more.I believe owning A small amount in your financial portfolio is A good thing.Just don't put everything ya have in it.
The rule is don't put all your eggs in 1 basket. Remember enron?
Silver is a much better investment than gold. Why, because it is severly underpriced vis a vis it's traditional relationship with silver. Traditionally silver is worth about 20 ounces to 1 gold ounce, the US gov't used to pay 17/1. Then silver is worth around $30 and Gold approx. $1500. That's 50/1. So, if the dollar collapsed and silver went back to 20/1 and Gold went to $3000/ounce, well you can do the math.
Thing is, which would you rather approach your grocer with, given dollars don't buy much someday, an ounce of gold worth $3000 or an ounce of silver worth $150? One would be much more tradable and manageable than the other. And that's the thing. Silver has always been "money" and gold the province of the rich and aristocratic. Silver is the more valuable metal, Gold is just a big problem for economies and individuals.
"1 million metric tons."
I think that tops Dr. Evils $100 billion dollars.
still waiting on the zombie apokolypse
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