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How you going to get change?
When was the last time people actually could use gold to buy stuff?
If things are that bad I think relying on hunting, fishing, gardening and other basic skills will go farther.
Your gold would be rather useless for me.
How you going to get change?
When was the last time people actually could use gold to buy stuff? If things are that bad I think relying on hunting, fishing, gardening and other basic skills will go farther.
Your gold would be rather useless for me.
How you going to get change?
When was the last time people actually could use gold to buy stuff? If things are that bad I think relying on hunting, fishing, gardening and other basic skills will go farther.
Your gold would be rather useless for me.
Gold is a store of value. You hold gold to exchange it for less valuable dollars in the future.
I trust in God and a strong back. You can keep that crappy yellow stuff.
Now if things are that bad...why would I want less valuable dollars even less valuable euros or worse case juan?
Again I ask, when was the last time people could use gold to buy stuff? Instead of wallowing in fear people just need to get out their roto tiller, shovel, hoe, fishing rod, axe or whatever and get industrious. Give some of your shit to your neighbor and he'll give something useful back to ya.
I trust in God and a strong back. You can keep that crappy yellow stuff.
My wife and I are already doing both. But now may be the time to short. A lot of indicators are getting awfully bearish.Now if things are that bad...why would I want less valuable dollars even less valuable euros or worse case juan?
Again I ask, when was the last time people could use gold to buy stuff? Instead of wallowing in fear people just need to get out their roto tiller, shovel, hoe, fishing rod, axe or whatever and get industrious. Give some of your shit to your neighbor and he'll give something useful back to ya.
I trust in God and a strong back. You can keep that crappy yellow stuff.
Gold is for when you or your neighbor need things that are not produced locally. If you need medical supplies, gasoline, rare earth magnets, solar panels, wind turbine, fertilizer, pesticides, grid tied power inverter, life saving medical treatment, etc & on & on. Gold allows you to barter with anyone on the planet not just a trusting neighbor.
My wife and I are already doing both. But now may be the time to short. A lot of indicators are getting awfully bearish.Now if things are that bad...why would I want less valuable dollars even less valuable euros or worse case juan?
Again I ask, when was the last time people could use gold to buy stuff? Instead of wallowing in fear people just need to get out their roto tiller, shovel, hoe, fishing rod, axe or whatever and get industrious. Give some of your shit to your neighbor and he'll give something useful back to ya.
I trust in God and a strong back. You can keep that crappy yellow stuff.
Gold is for when you or your neighbor need things that are not produced locally. If you need medical supplies, gasoline, rare earth magnets, solar panels, wind turbine, fertilizer, pesticides, grid tied power inverter, life saving medical treatment, etc & on & on. Gold allows you to barter with anyone on the planet not just a trusting neighbor.
My wife and I are already doing both. But now may be the time to short. A lot of indicators are getting awfully bearish.Gold is for when you or your neighbor need things that are not produced locally. If you need medical supplies, gasoline, rare earth magnets, solar panels, wind turbine, fertilizer, pesticides, grid tied power inverter, life saving medical treatment, etc & on & on. Gold allows you to barter with anyone on the planet not just a trusting neighbor.
I have stopped selling gold because of bearish indicators. The only time I sell is after a big run-up that looses momentum in a majority of world currencies, then I sell until it comes back 5%. I use Kitco.com to monitor Gold prices in all currencies by looking at the exchange rate table at the bottom of the main page. For a quick reference you can use the Gold Price Change due to Predominant Buying/Selling number at the top of Kitco's page. Kitco prices move before the ETFs & stocks. Kitco is the street spot price that coin dealers & pawn shops use.
There is so much wrong with the economies of the world right now you never know what shoe is going to drop next, but believe me shoes are going to fall. Gold will not be bearish until we see a panic run for gold by a large percent of the global population with huge & rapid up-swing in price.
My thoughts exactly. Gold is not plummeting even when indicators show signs of topping.
My thoughts exactly. Gold is not plummeting even when indicators show signs of topping.
What indicators are you seeing that makes you think gold is topping?
The U.S. Mint has run out of a type of highly pure gold coin it had been selling amid record high prices of gold.
The mint said it will not stock more of the 1-ounce, 24-karat American Buffalo bullion coins.
"The United States Mint has depleted its inventory of 2010 American Buffalo One Ounce Gold Bullion Coins," the Mint said in a statement, seen by Reuters on Monday.
Officials at the Mint could not immediately be reached for comment.
This has absolutely all the makings of a bubble, just like real estate and stocks. The radio ads touting gold, the buyers advertising for it. The new highs weekly.
When interest rates rise (and they are already going up) this will fall like a gold balloon.
My wife and I are already doing both. But now may be the time to short. A lot of indicators are getting awfully bearish.
I have stopped selling gold because of bearish indicators. The only time I sell is after a big run-up that looses momentum in a majority of world currencies, then I sell until it comes back 5%. I use Kitco.com to monitor Gold prices in all currencies by looking at the exchange rate table at the bottom of the main page. For a quick reference you can use the Gold Price Change due to Predominant Buying/Selling number at the top of Kitco's page. Kitco prices move before the ETFs & stocks. Kitco is the street spot price that coin dealers & pawn shops use.
There is so much wrong with the economies of the world right now you never know what shoe is going to drop next, but believe me shoes are going to fall. Gold will not be bearish until we see a panic run for gold by a large percent of the global population with huge & rapid up-swing in price.
My thoughts exactly. Gold is not plummeting even when indicators show signs of topping. Gold has massive world wide following. This is not some stock that the wall-street crooks can pump & dump or short driving people out. They are playing those games, hell governments & central banks around the world are playing that game. The thing their bluff has been called by citizens around the globe. Gold is the peoples money that the banksters & politrixters can not manipulate or steal unless you let them. Paper currency is the tool of the rich government masters.
This is not some stock that the wall-street crooks can pump & dump or short driving people out.
This has absolutely all the makings of a bubble, just like real estate and stocks. The radio ads touting gold, the buyers advertising for it. The new highs weekly.
When interest rates rise (and they are already going up) this will fall like a gold balloon.
That is funny. Do you really think Bernanke will ever let the interest rate rise? He has already signaled QE3 to drive them down further to drive employment yet employment is still in decline along with housing.
The total amount of gold in the world that is above ground is 4,501,104,720ozt. To visualize this imagine a single solid gold cube with edges of about 19 meters (about three meters short of the length of a tennis court). That's all that has ever been produced. Divided among the population of the world there are about 0.61658ozt per person, about 1.2 cubic centimeters each. At $1,400 per ozt this equates to about $863.23 worth per person on Earth.
The size of the US debt is $13.86 Trillion. Divide that by the world gold supply equals $3,079.24 per ozt. Now how much world debt is there? How many $Trillion of bonds are in the world. How much world paper currency is there? The US alone has over $111 Trillion in unfunded mandates. How many $Trillion worth of unfunded pensions are there? There are also over $600 Trillion worth of derivatives out there. About 20% of the world's gold was held by central banks before the crisis at which time over 80% of the worlds gold was in private hands. Of that 20% previously held by central banks of the world, only a small percent was held by the US central bank/Federal Reserve. Even with all the ads out that promise cash for gold, people still are not willing to part with their gold.
This has absolutely all the makings of a bubble, just like real estate and stocks. The radio ads touting gold, the buyers advertising for it. The new highs weekly.
When interest rates rise (and they are already going up) this will fall like a gold balloon.
That is funny. Do you really think Bernanke will ever let the interest rate rise? He has already signaled QE3 to drive them down further to drive employment yet employment is still in decline along with housing.
The total amount of gold in the world that is above ground is 4,501,104,720ozt. To visualize this imagine a single solid gold cube with edges of about 19 meters (about three meters short of the length of a tennis court). That's all that has ever been produced. Divided among the population of the world there are about 0.61658ozt per person, about 1.2 cubic centimeters each. At $1,400 per ozt this equates to about $863.23 worth per person on Earth.
The size of the US debt is $13.86 Trillion. Divide that by the world gold supply equals $3,079.24 per ozt. Now how much world debt is there? How many $Trillion of bonds are in the world. How much world paper currency is there? The US alone has over $111 Trillion in unfunded mandates. How many $Trillion worth of unfunded pensions are there? There are also over $600 Trillion worth of derivatives out there. About 20% of the world's gold was held by central banks before the crisis at which time over 80% of the worlds gold was in private hands. Of that 20% previously held by central banks of the world, only a small percent was held by the US central bank/Federal Reserve. Even with all the ads out that promise cash for gold, people still are not willing to part with their gold.
Bernanke has no power over long term rates, which have been rising both here and abroad.
Most of the rest of what you write is crap, mainly repeating things hawked by gold sellers.
This has absolutely all the makings of a bubble, just like real estate and stocks. The radio ads touting gold, the buyers advertising for it. The new highs weekly.
When interest rates rise (and they are already going up) this will fall like a gold balloon.
This has absolutely all the makings of a bubble, just like real estate and stocks. The radio ads touting gold, the buyers advertising for it. The new highs weekly.
When interest rates rise (and they are already going up) this will fall like a gold balloon.
That is funny. Do you really think Bernanke will ever let the interest rate rise? He has already signaled QE3 to drive them down further to drive employment yet employment is still in decline along with housing.
The total amount of gold in the world that is above ground is 4,501,104,720ozt. To visualize this imagine a single solid gold cube with edges of about 19 meters (about three meters short of the length of a tennis court). That's all that has ever been produced. Divided among the population of the world there are about 0.61658ozt per person, about 1.2 cubic centimeters each. At $1,400 per ozt this equates to about $863.23 worth per person on Earth.
The size of the US debt is $13.86 Trillion. Divide that by the world gold supply equals $3,079.24 per ozt. Now how much world debt is there? How many $Trillion of bonds are in the world. How much world paper currency is there? The US alone has over $111 Trillion in unfunded mandates. How many $Trillion worth of unfunded pensions are there? There are also over $600 Trillion worth of derivatives out there. About 20% of the world's gold was held by central banks before the crisis at which time over 80% of the worlds gold was in private hands. Of that 20% previously held by central banks of the world, only a small percent was held by the US central bank/Federal Reserve. Even with all the ads out that promise cash for gold, people still are not willing to part with their gold.
Bernanke has no power over long term rates, which have been rising both here and abroad.
Most of the rest of what you write is crap, mainly repeating things hawked by gold sellers.
That is funny. Do you really think Bernanke will ever let the interest rate rise? He has already signaled QE3 to drive them down further to drive employment yet employment is still in decline along with housing.
The total amount of gold in the world that is above ground is 4,501,104,720ozt. To visualize this imagine a single solid gold cube with edges of about 19 meters (about three meters short of the length of a tennis court). That's all that has ever been produced. Divided among the population of the world there are about 0.61658ozt per person, about 1.2 cubic centimeters each. At $1,400 per ozt this equates to about $863.23 worth per person on Earth.
The size of the US debt is $13.86 Trillion. Divide that by the world gold supply equals $3,079.24 per ozt. Now how much world debt is there? How many $Trillion of bonds are in the world. How much world paper currency is there? The US alone has over $111 Trillion in unfunded mandates. How many $Trillion worth of unfunded pensions are there? There are also over $600 Trillion worth of derivatives out there. About 20% of the world's gold was held by central banks before the crisis at which time over 80% of the worlds gold was in private hands. Of that 20% previously held by central banks of the world, only a small percent was held by the US central bank/Federal Reserve. Even with all the ads out that promise cash for gold, people still are not willing to part with their gold.
Bernanke has no power over long term rates, which have been rising both here and abroad.
Most of the rest of what you write is crap, mainly repeating things hawked by gold sellers.
You are the one repeating crap you hear on CNBC. For 2 years now their old bald head experts have been saying interest rates will rise & the Fed will let them rise. They were wrong & rates have been going down. You do realize the Fed has 2 policy goals for which it was created. They are in conflict, one is to print money & lower rates until we get unemployment to 5% which is full employment. The other is to keep the dollar strong. Over the past 40 years since the dollar came off the gold standard, necessary nonrenewable commodities have risen 8% per year against the US dollar. I see no reason for Fed to not at least maintain that level of inflation. I believe they will increase the inflation going foreword to split the difference in their 2 goals. They will create just enough inflation to keep unemployment heading down & keep the dollar in slow decline. That mean above 8% per year in nonrenewable commodities likely 12% annual inflation until 2013.
You are the one who is repeating crap & have been repeating crap all year. The only bubble is the US dollar. Google define market bubble. You will see that it describes US dollar, unfunded mandates & bonds exactly. You are a victim of group think. We just witnessed Republicans & Democrats extend entitlement spending & tax cuts. The increased US government bond sales has driven up bonds, not the lack of the Feds bond purchases. The fed will step up bond purchases to meet the increased demand shortly.
