Stocks tank big time...Gold begins a recovery

[Jeff95531]

For the past year...

Kind of looks like my savings account this year too.

 

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[goldenIrishman]

I've been noticing that the prices have been edging their way back up since the "Bear Run" that happened last month. I've also noticed that the prices seem to peak about the same time each day. (approx 10:30A.M. New York time) THis morning it hit $1170 or so a T/Oz but has since dropped back down to $1155.10 T/Oz.So if you're looking to sell off some gold, keep your eyes on little things like that and you'll do much better.

 

[Aufisher]

Hold your gold. It will be the only real "money" once fiat currency goes digital.

 

[Aufisher]

My 1 ounce US 1920 $20 coin sold for $1900 when gold hit peak. How much will that $20 bill be worth in hundred years lol. You could wipe your mouth or blow your nose haha!

 

[Hoser John]

Diversification used to be the answer but a quick look is not good news. Coins, in the toilet except extremely rare. Collectables way down. Antiques, dependent upon style, also down over 40% in 10 years. Dollar will make great tp and gold down over 40% from high. Real estate tanked and many areas(here) still horrendous. High vacancies in rentals(here) and homeless/vandals/crackheads destroy empties. With ungodly restrictions on mining claims down in value and dredges 10 cent on the dollar in almost every state. Nowhere to hide now as all is under attack as the rich get richer and the working man sucks kaka... John

 

[russau]

I guess its time again to just holdem! whats another 50 years!!

 

[Adventure_Time]

http://www.treasurenet.com/forums/everything-else/173585-gold-skyrocketing-stocks-plunging.html (2010 crash)

DoW Jones actually got hit harder this go around than last time. If this doesn't tell you $2000/oz by end of 2016 idk what does.

 

[Jeff95531]

Diversification used to be the answer but a quick look is not good news. Coins, in the toilet except extremely rare. Collectables way down. Antiques, dependent upon style, also down over 40% in 10 years. Dollar will make great tp and gold down over 40% from high. Real estate tanked and many areas(here) still horrendous. High vacancies in rentals(here) and homeless/vandals/crackheads destroy empties. With ungodly restrictions on mining claims down in value and dredges 10 cent on the dollar in almost every state. Nowhere to hide now as all is under attack as the rich get richer and the working man sucks kaka... John

VERY well said John and unfortunately all true. They keep telling us things are great when everything we value (or used to) has also tanked for the past 15 years or so.