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tmorrison
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Joined: 23 Jul 2008
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#1 · Posted: 30 Apr 2011 20:02 · Edited by: tmorrison
The world economy is in dire straits right now and there aren't many signs of things getting much better. The US dollar is rapidly losing its value along with many other currencies in the world. The paper currency we rely on is failing. There continues to be incredible demand and strong upward movement in Gold and Sliver as people seek safer-havens to protect their wealth.
Many Financial Market Experts believe Gold will rise to unimaginable heights from here as loss of confidence in fiat continues. Gold is a financial insurance policy against the unexpected. Unexpected events can take any shape or form and occur at any time.
What are your thoughts?
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Just2EZ
Joined: 14 Nov 2010
Posts: 601
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#2 · Posted: 30 Apr 2011 21:19
I think everyone should grab a gold pan and head to the nearest stream.
The true wealth of this country/planet is in the people and resources they create.
I prefer gold in my hand, not electronically stored in bits and bytes who knows where.
Expect the unexpected, but don't try scaring people into buying what you're selling.
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tmorrison
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#3 · Posted: 30 Apr 2011 22:54
Just2EZ: I think everyone should grab a gold pan and head to the nearest stream. The true wealth of this country/planet is in the people and resources they create.
I agree
"It seems more and more people are waking up to the fact that gold and silver are not only moving up but are also much safer investments currently than any other alternative."
David Morgan
Precious Metals Analyst
September 2009
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mountainmom5
Joined: 30 Aug 2007
Posts: 3033
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#4 · Posted: 1 May 2011 15:10
Silver for sure - panning for gold is quite fun but we haven't had a whole lot of success yet.
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tmorrison
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#5 · Posted: 10 May 2011 21:02 · Edited by: tmorrison
Metals vs. USD
This is great a article. Why you should convert your cash to Gold & Silver: http://www.caseyresearch.com/articles/doug-casey-precious-metals-vs-usd
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mariacaniedo
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Joined: 10 May 2011
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#6 · Posted: 11 May 2011 16:27
Converting Cash to Gold and Silver?Yap! it could be.,don't you know that the value of Gold now is very High?before i have experience in selling Gold and Silver that during that time when i do the business it's value is just P 500 /gram,but now it is P 2800 to 3000 /gram in our place.now,is it not worth to convert the cash into Gold that we know the value is increasing?
Of coarse for me,I have to.,same in silver.,we can buy and sell it to have an income.,so,your money will not sleep.through Gold and Silver you earned from it.
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tmorrison
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#7 · Posted: 11 May 2011 19:20
mariacaniedo: is it not worth to convert the cash into Gold that we know the value is increasing?
Steve Forbes: Gold Standard to Return in Five Years.
Read more: http://www.moneynews.com/StreetTalk/Steve-Forbes-Gold-Standard/2011/05/11/id/395949?s=al&promo _code=C3FC-1
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talfighel
Joined: 17 Mar 2007
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#8 · Posted: 12 May 2011 07:27
Gold is worth it I heard.
You know that show:
Gold Rush Alaska
This show was aired in the last 2 months on the Discovery channel and that show just showed you that Gold is Gold.
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tmorrison
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#9 · Posted: 13 May 2011 23:54
talfighel: Gold Rush Alaska
Great show and there's a message in it. There is no future in fiat money. Gold will be the only port in the storm of currencies devaluing and becoming worthless.
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auditt05
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Joined: 25 May 2011
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#10 · Posted: 25 May 2011 17:33
tmorrison
I agree with your reasoning to buy gold, but let me ask you.
Do you really know when this Gold vs USD Curve move down? It could be today. There are lots of indicators that help you make such decisions like buy or sell.
Gold could drop like 40% of its value and never bounce back for a year or 2.
again, im not offending you, I just hint that you are missing the big picture here.
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tmorrison
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#11 · Posted: 1 Jun 2011 20:30 · Edited by: tmorrison
auditt05: Do you really know when this Gold vs USD Curve move down? It could be today. There are lots of indicators that help you make such decisions like buy or sell. Gold could drop like 40% of its value and never bounce back for a year or 2.
I appreciate the post. Honestly, not too offend you, but Gold has never lost it's value over thousands of years.
But let's talk more current:
February 2009 - 2011: Gold is up over 45%
To date: The US Dollar has lost 97% of it's purchasing power.
5 yr Gold Trend: Increased over 143% in value.
This past year marks 10 years of consecutive rises for gold.
10 yr Gold Trend: From a low of $255 to a high of $1,542, that is a rise of over 500%. This is sheer consistency, I have never seen another market do what gold has just done...
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Just2EZ
Joined: 14 Nov 2010
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#12 · Posted: 1 Jun 2011 23:29
tmorrison: Honestly, not too offend you, but Gold has never lost it's value over thousands of years.
If you mean from zero, that's true but the current run could correct.
If you look at the 70's, 80's, and 90's you get a different picture.
Gold went from under $100/oz in the early 70's to almost $800/oz by 1980,
at which point it started drifting back to $300/oz by 2000.
History tends to run in cycles, only the numbers change.
I still prefer raw gold from a cold stream.
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