i believe gold will strike 1400 per oz by sunday,any takers ??
dscott67 said:i believe gold will strike 1400 per oz by sunday,any takers ??
Roland58 said:My question would be, "What good will having gold do you?" Even if it goes to $2K - $3K per oz., who is going to buy it and what good would the money do you if the money isn't worth anything? When the money becomes worthless, there is total unemployment, grocery stores are unstocked, there is mayhem and anarchy on the streets, what good will the gold do you? You can't eat it (well, I guess you could, but, things wouldn't come out well <pun intended>). And these gold investment firms........they typically charge about 30% over market value for their physical gold and if you try to sell it back to them, they will offer you about 30% under market value. This means that gold would have to go up in value 60% for you to just break even! I am prepared for any eventual hard times, but, it is in the form of food, water purification, medical needs, and other necessities, i.e. fishing equipment, guns, ammo and survival gear.
Cap'n Crunch said:Roland58 said:My question would be, "What good will having gold do you?" Even if it goes to $2K - $3K per oz., who is going to buy it and what good would the money do you if the money isn't worth anything? When the money becomes worthless, there is total unemployment, grocery stores are unstocked, there is mayhem and anarchy on the streets, what good will the gold do you? You can't eat it (well, I guess you could, but, things wouldn't come out well <pun intended>). And these gold investment firms........they typically charge about 30% over market value for their physical gold and if you try to sell it back to them, they will offer you about 30% under market value. This means that gold would have to go up in value 60% for you to just break even! I am prepared for any eventual hard times, but, it is in the form of food, water purification, medical needs, and other necessities, i.e. fishing equipment, guns, ammo and survival gear.
You're absolutely right Roland. I am on the same page with you, I have been telling people the same thing for years but no one seems to want to listen to it. Gold and silver will only help during the initial panic, but it wont take long before food, bullets and other items become the real currency.
dscott67 said:i believe gold will strike 1400 per oz by sunday,any takers ??
BuffaloBob said:Could be but I just began buying & selling mining stocks as the market fluctuates. Trying to time the ups and downs and make a few bucks either way. Following a friends charting model.dscott67 said:i believe gold will strike 1400 per oz by sunday,any takers ??
Of course there still plenty of variables, like the miner strike at a mine in South Ameria. Can't predict those. BS Traditionally the gut check rule for the price of gold is "One ounce of gold = one nice men's suit". Go figure.
dscott67 said:i have a gut instinct that there's a grand scheme behind all this price jacking,i may have to use mine to buy food,clothing,etc.. next year if not sooner!! it won't be worth a tinkers dern when there is no one to take it off your hands except the GOV.
i am most certain you'll find me in the 5% line !! ,, that's the saddest part of it,,you,i and 60 million other tax payers !! i don't think that the fecal matter is that far off !! lolRoland58 said:dscott67 said:i have a gut instinct that there's a grand scheme behind all this price jacking,i may have to use mine to buy food,clothing,etc.. next year if not sooner!! it won't be worth a tinkers dern when there is no one to take it off your hands except the GOV.
Oh no, that can't be right! If I remember correctly, there will be tax cuts for 95% of the people!! (I must be in the 5% and that must pertain to retirees on fixed incomes :P)
Rockin Chairs Gold said:I don't own much Gold and what little I have I'm going to hold onto, and that goes for what silver I have as well.
Does anyone remember the tax break the government gave us last year to help boost the economy. Well I just got my tax's done this week and they took it all back. All I can say is don't wait for your uncle to bail you out. Rick