I presume , you think me posting here can change price of gold sufficiently for me to buy all gold i want. You are a pharmacist right? You are so lucky to be practicing in Poland I'm sure.

well do you think its reasonable to show an 8-year graph if you gonna pick a lowest point of gold value in its 6000 year history?

You still lose the spread both at buying and selling, thats 1. In case of tshtf everyone is so sold to here, you might find that its easier ( and most certainly safer) to deal with old coffee.





My main point is that there are a lot of gold out there, a lot of gold producers, a lot of abandoned mines which werent practical at latest prices and very little usage of it. Gold is nice to play with, for sure, but so are many other things.
And finally abouts investments: you are investing when you put somebody to work. Yourself, tenant, slave, rented worker ets. Everything else is speculation/inflation hedge /ets.

Why do liberals love to parrot that people who disagree with them watch Glenn Beck? I don't think anyone on this forum watches Glenn Beck or has ever posted anything that could be attributed to a quote by him.

That's mentally lazy, Preston. And hackneyed by now too.

Link?

Really??? Hmmm. Lowest in 6000 years? Seems like in 1933 Au was valued at $35/oz.

I think the truism of "an ounce of gold will always buy a man a fine suit of clothes" holds true.

I guess value is relative. As I mentioned in my reply to Preston Sturges, it's not an investment but more of a means of protecting purchasing power. That graph tells the story of the USD that contradicts the official strong dollar policy. I look at that graph I see weakness.



This is true, but the performance of mutual funds over the same period cannot compare. Not to mention service charges and early withdrawal penalties and the fact that when one puts money in the stock casino, one is tacitly supporting the industries that are raping the world and polluting the environment, among other things. I got out to preserve capital and to vote with my wallet. Catherine Austin Fitts gives a strong argument for voting this way and I happen to not only agree with her, I also put my money where my mouth is.



Well to be fair to our friend Preston, republicans have been known to do the same thing with Keith Olberman and the now defunct Air America.

It's easy to spot the partisans from either side, isn't it?

Years ago, when I was battling repubs about the invasion of Iraq and Bush's fiscal excess, they told me I hated America.

Now that the dems are in control, its the dems that are telling me I hate America when I criticize the wars and fiscal excesses of the Obama administration...

Plus ca change, Plus ce la meme chose. At least in this context.

Believe that!

numbers mean little without a context. Gold has been losing value, more or less consistently, since the beginning of time, not as fast as silver but still.




Yeah? Gold mining is green now? The funds you are giving them are also spent on detoxifying the environment ? Not to mention breeding exctasy in gold-mining countries like South Africa, Zimbabwe, Ghana, ets.

Speaking of mutual funds, a year ago one Macaca mulatta in Russia was given an opportunity to invest in stocks and bonds. Guess what, her choice outperformed 94% of all Russian mutual funds/investing firms in 2009. I would safely guess that will also cover 90-95% of all world mutual funds as well.

Roy, it doesn't do any good arguing with the strawman, and you know why.

Make sure you use inflation adjusted dollars when you price gold. These gold arguments always get heated like abortion and politics.

Remember one thing though, the price of gold is artificially kept low through the actions of central banks and primary dealers. This has been admitted in 1975 by Fed chairman Arthur Burns to Gerald Ford.

http://www.zerohedge.com/article/smokin ... lling-gold
http://www.gata.org/node/8052

If you think all these ETFs have gold in their vaults, you're not that intelligent. The unmanipulated price of gold is probably more than $3000/oz, but who says that market price will ever reflect that?

Same thing with silver. JP Morgan is short more silver ounces than were produced last year.

American TV is full of people who got rich flipping property, with miracle inventions, and/or pyramid marketing schemes. That doesn't mean the average Joe can do it. Your example sounds like one of those informecials "look Sally makes $10000 a month from logging onto this website, you can too!"

Since I am not an expert stock trader, and in my experience the stock market has been the fastest way to lose hard-earned money outside of a casino or a strip club, I'm out.

Expert investors in America seem to be talking about overseas markets as offering better returns than American markets so I cannot disagree with you that certain mutual funds can perform.

I don't have time nor inclination to become an expert stock trader. I do not wish to support the ponzi scheme so in a sense it's a political choice for me -- a statement if you will. If you choose to do so, good on you.

The point of this whole thread was to prove how physical gold is disconnecting from fiat currencies and I think I proved that point. Whether you choose to own it or not is not my concern. Since you are evidently not a resident of the US, maybe you won't be affected by the consequences of my government's reckless spending. I on the other hand, will.

It is for that reason that I strive to understand the dynamic of PMs and fiat currencies. I don't want to get left holding a stack of worthless paper like many of my countrymen undoubtedly will. i don't want to see my life savings devalued into just enough to pay for a loaf of bread.

Maybe you have more faith in the vision and the wisdom of governments than I. A lifelong interest in history, particularly of western civilization, has taught me that awful outcomes for the citizenry are not only possible, but entirely likely when governments run amok. This knowledge and understanding has helped shape my world view and ultimately led me to this site .

We'll have to agree to disagree. And thanks for keeping it civil.

Cheers.

Thanks man. It's good practice for me. And I'm done now.

Who me???

I know they don't. I would never t recommend that ponzi scheme.

No not you per se, the "royal you".

That's why I don't have much in SLV. I'd rather have the physical silver.

Here is what I think is happening. The central bankers are losing their war with the free market in gold. As to diamonds. Traditionally only experienced wealthy folk, who want highly mobile wealth, to escape tyranical governments purchased diamonds. And sewed them into their clothes to sustain themselves when they flee. Anyways here is another take on the gold story. http://www.gata.org/node/7997

I think you are right, but the gold is mostly owned by the rich, whereas most of us can't afford it.

We are like most of the roman citizenry using dinari, while the rich used the solidus which were made of gold and held their value.

http://money.howstuffworks.com/currency4.htm

I think it's interesting that in the middle ages the use of coins went away. I think there were hoards of silver and gold, but they were not used as currency.

I wonder if they are going to hold their value if the system really falls apart.

Maybe nothing will have any value unless it can be eaten.

Here is Bob Chapman's regular installment of doom...

The Inflationary Depression
http://globalresearch.ca/index.php?context=va&aid=17546

If you think that my mentioning of Macaca beating 94% of teams of "expert stock traders" was an appeal for you to go out and beat the market, thats is sad really. And it does explain a lot.


Did you really? Are you paying 25% over the spot and having trouble getting gold? Or may be you know somebody? Let me know, and I'll bury you/him/her in gold at that price.



Yeah, I also wont burst in tears if you'll die under some fence. But I thought we were discussing the ideas, or did we?


Anyway, since you have a lifelong interest in history, you should know what silver and gold were buying at different times. Unless of course you limit yourself to US of 20th century or something.

I think that silver and gold will hold their own, but that just signals the depths of the kondratieff winter. No other investment is trusted. Nobody is putting money in businesses, nobody's bringing any cool inventions to market, nobody's doing anything. They are just sitting on a pile of PM's waiting for the winter to be over.

That's what I'm doing. It's by far the safest thing right now, besides a producing farm.

I say this: "We'll have to agree to disagree. And thanks for keeping it civil."

That is English for "you will never convince me you are right (nor I you) and you showed some maturity and composure in this discussion for which I was grateful."

And you say this: "Yeah, I also wont burst in tears if you'll die under some fence."

Thanks pal.

Evidently TrueCougarBlue was right on the money.

I won't trouble you with any further responses.

There is a saying " A humped man will be cured by his coffin". It is never wrong.

http://www.youtube.com/watch?v=hQazSediuYs

Is an interesting Gold related interview with Max Keiser.