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Old 06-25-2014, 11:58 PM   #326 (permalink)
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The day the dollar is worthless, people will just steal,Kill and rob anyone that has gold. Its a losing battle. spend it all.

lol, true.
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Old 06-26-2014, 02:32 AM   #327 (permalink)
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The day the dollar is worthless, people will just steal,Kill and rob anyone that has gold. Its a losing battle. spend it all.

lol, true.
If that really happened, who would want gold? Food, water and protection are what you need. If I have it I'm not selling it for gold.

Gold is shiny and has fascinated humans for millennia.

Gold is 'nice and all.' It still remains an item with very little intrinsic value that is used as a substitute in a barter transaction. When times are tough no one wants the substitute, they want the real value items.
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Old 06-26-2014, 11:50 AM   #328 (permalink)
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If that really happened, who would want gold? Food, water and protection are what you need. If I have it I'm not selling it for gold.

Gold is shiny and has fascinated humans for millennia.

Gold is 'nice and all.' It still remains an item with very little intrinsic value that is used as a substitute in a barter transaction. When times are tough no one wants the substitute, they want the real value items.
Lots of people "hoard" gold thinking its the world currency. LOL. Horrible investment. Sold all my metals a few years ago.

Short term maybe.

Thinking the dollar will be worthless and gold will be the standard is ??????

Nobody evens knows how much gold exist. Supply and Demand dictates value, nobody knows how much gold "REALLY" exist.
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Old 06-26-2014, 04:33 PM   #329 (permalink)
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Lots of people "hoard" gold thinking its the world currency. LOL. Horrible investment. Sold all my metals a few years ago.

Short term maybe.

Thinking the dollar will be worthless and gold will be the standard is ??????

Nobody evens knows how much gold exist. Supply and Demand dictates value, nobody knows how much gold "REALLY" exist.
To throw a little food for thought into your last statement:

Imagine when earthlings are capable of mining outside of our planet.

....is that the Flea Market Montgomery guy you've got? Every time I travel through Montgomery I pass his old location and I always tell my wife I will show her one of the commercials and then I forget.
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Old 06-26-2014, 09:52 PM   #330 (permalink)
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Imagine when earthlings are capable of mining outside of our planet.
Unless you're storing for generations ahead, no worries for us or our children.
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Old 06-27-2014, 12:41 PM   #331 (permalink)
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To throw a little food for thought into your last statement:

Imagine when earthlings are capable of mining outside of our planet.

....is that the Flea Market Montgomery guy you've got? Every time I travel through Montgomery I pass his old location and I always tell my wife I will show her one of the commercials and then I forget.
Or the truth comes out and earth has way more gold than "marketed". Come to think about it, bullets and guns are a better investment. "LEAD" metal.

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Old 06-30-2014, 06:43 AM   #332 (permalink)
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Or the truth comes out and earth has way more gold than "marketed". Come to think about it, bullets and guns are a better investment. "LEAD" metal.

MiNi MAAAALLLLL.
Gold still costs a hell of a lot more to 'fine/excavate/refine' than it takes the US government to produce a $1,000 dollar bill.

There are a ton of other good investments. It's all about diversifying. Putting all your eggs into one basket is asking for trouble. I think everyone should have at least 'some' gold and/or silver holdings for a rainy day. Along with a good store of food.
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Old 07-03-2014, 06:51 PM   #333 (permalink)
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The day the dollar is worthless, people will just steal,Kill and rob anyone that has gold. Its a losing battle. spend it all.
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If that really happened, who would want gold? Food, water and protection are what you need.
i suspect that the same people who own lots of physical gold may also have plenty of food, water and guns when that day comes.
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Old 07-04-2014, 12:17 PM   #334 (permalink)
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i suspect that the same people who own lots of physical gold may also have plenty of food, water and guns when that day comes.
Im going to have to agree with your statement
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Old 07-04-2014, 01:11 PM   #335 (permalink)
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i suspect that the same people who own lots of physical gold may also have plenty of food, water and guns when that day comes.
'If' that time comes, the latter three items have value, the former does not. That was my premise. Gold has value as a substitute. It times of need no one wants the substitute.

Gold's value comes more from emotion than from practicality. This goes back 1000s of years.

In a time of need, if I have 1000s of tons of gold, but no water then I am screwed. Those with water will not want my shiny element in exchange for their water. They would laugh at the proposal.

As I have said over and over, make your money in the short term. If you are holding for the long then I pity you (all yous, not specifically you.) There is simply no long term growth potential (unless a new use if found.) Buying gold 200 years ago and sitting on it would have been a lousy long term investment.
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Old 07-04-2014, 09:45 PM   #336 (permalink)
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yes....a lousy investment....
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Old 07-04-2014, 10:32 PM   #337 (permalink)
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Some people know very little about the history of civilization since mankind made the transition from hunter gatherer packs.
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Old 07-04-2014, 10:49 PM   #338 (permalink)
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yes....a lousy investment....
"Investment" is a word with many meanings. Gold's purchasing/buying power has been largely flat for quite some time. The graph, while great without any prerequisite knowledge of the rate of inflation or value of current dollars held, is quite deceptive. All commodities have grown in price at or above gold's rate of increase in value because inflation and deflation are occurring at the same time.

We don't feel it as badly because the companies that market and sell products are slowly but surely making items smaller and selling less for equal dollars. If the dollars you're trading it for are actually buying less than what they did when you bought the gold, you've screwed yourself.
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Old 07-05-2014, 12:11 AM   #339 (permalink)
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In September 2013 US Dollars

One ounce of gold
1913: $500
Today: $1232

That is less than 1% annual growth. My definition of a lousy investment is 1%.

S&P chart since inception:
http://stockcharts.com/freecharts/hi...l/spx1960.html
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Last edited by fullmetal; 07-05-2014 at 12:14 AM.
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Old 07-05-2014, 09:37 AM   #340 (permalink)
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I think more people can relate to this chart. (i wasnt a live in 1800's)

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Old 07-05-2014, 12:21 PM   #341 (permalink)
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I think more people can relate to this chart. (i wasnt a live in 1800's)

The Dollar isn't as strong as it was just 50 years ago. Look how much a pack of baseball cards was, $.05. People made less, but most commonly bought necessities were also much cheaper.
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Old 07-05-2014, 08:55 PM   #342 (permalink)
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This video helped me put some perspective on what is valuable and when it is valuable. It is not directly involved with metals but does provide some insight to them.

https://www.youtube.com/watch?v=pYyugz5wcrI
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Old 07-07-2014, 06:16 PM   #343 (permalink)
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Gold and silver seem to be range bound right now, but pretty resilient to the early hour drops.

Silver tumbled 20 cents in the wee hours, but just like the last several times that has happened it works its way out of the hole and recovers the loss. It seems that ever since silver had that last smash down to around $18.80 when it drops the drops are short lived with quick recovery.

I wish I could add more to my stack, but at the moment my funds are running a bit low, so I'm jut a spectator for now.
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Old 07-11-2014, 07:30 PM   #344 (permalink)
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silver is in a nice spot so i sold out everything i had
i think its gonna go 25-26 an oz this fall but i hope im wrong
now to build the stack again
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Old 07-23-2014, 06:00 PM   #345 (permalink)
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Long term gold

ONE DAY THIS! LOL, wish i could go back 2 days.



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Old 08-05-2014, 08:23 PM   #346 (permalink)
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Well silver prices broke the $20 barrier again. I thought we'd be at $30 by now. Now I wonder if the prices will retreat to $15.
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Old 08-05-2014, 10:20 PM   #347 (permalink)
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Well silver prices broke the $20 barrier again. I thought we'd be at $30 by now. Now I wonder if the prices will retreat to $15.
I think it will depend on global events, Russia, Ukraine, and of course can't forget the whole Israel situation. If Russia invades the stock market has to be corrected, downward. Until this happens things should be volatile, which is not good for silver.

If they invade and conquer within say a week which what I expect to be the final result. Then it becomes a question of is he done, has he cutoff western business, limit them etc. Are just take control or nationalize the businesses they Russia produce over 1 Mil barrels a day and that could really damage the oil market if they took it off the market for say an extended amount of time.

If that were to happen(worst case) the price of silver is gonna be under severe pressure. If that don't happen I think silver has downside but it seems to be well liked under $20.
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Old 09-09-2014, 02:00 PM   #348 (permalink)
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falling . just wait.
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Old 09-20-2014, 02:26 PM   #349 (permalink)
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I've been watching the price of gold and silver fall for the last few weeks now and I was just itching to pull the trigger, but I kept thinking "maybe they will go down a bit more".
After yesterday's smackdown the prices were just too attractive to resist. When gold went under $1300 and silver went under $20 they looked good, but $1216 gold and $17.80 silver is compelling.

I went out and made a decent size (for me) purchase today, a 1 oz. gold Maple Leaf and 3 10 oz. silver bars, the first significant addition to my stack in months.



If the price continues to fall I have no regrets, I'll just add more in a month or so, but if the price rebounds at least I got to add a bit to my stack.
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Old 09-21-2014, 11:01 PM   #350 (permalink)
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A lot of movement in the wee hours of the week. $17.40 per
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