Gold Prices are actually just below avg right now not high as the MSM is telling you.

Discussion in 'Economy' started by PLYMCO_PILGRIM, May 19, 2010.

  1. PLYMCO_PILGRIM
    Offline

    PLYMCO_PILGRIM Gold Member

    Joined:
    Jul 3, 2009
    Messages:
    17,416
    Thanks Received:
    2,855
    Trophy Points:
    183
    Location:
    America's Home Town
    Ratings:
    +2,863
    • Thank You! Thank You! x 1
    Last edited: May 19, 2010
  2. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    31,537
    Thanks Received:
    4,851
    Trophy Points:
    1,130
    Ratings:
    +15,376
    Just wait until the 1.3 trillion dollars of new money the Federal Reserve has created since 2008 starts to really pour into the economy.

    The tanking Euro is really the only thing holding the Dollar up right now.
     
  3. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Bullshit to the Max, Paulie. China is holding the dollar up because they need us to buy to keep their economy from collapsing.
     
  4. PLYMCO_PILGRIM
    Offline

    PLYMCO_PILGRIM Gold Member

    Joined:
    Jul 3, 2009
    Messages:
    17,416
    Thanks Received:
    2,855
    Trophy Points:
    183
    Location:
    America's Home Town
    Ratings:
    +2,863
    The printing of money will make the price of gold, in dollars, go up even further as it will take more dollars at their new devalued worth to buy the same ounce of gold.
     
  5. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199

     
  6. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,452
    Thanks Received:
    6,575
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,892
    GOLD!!! Buy it now!!!! That's the sound of security!! GOLD!!!! GOLD AND FEAR, buy it now!! Be afraid, be very afraid!!! GOLD!! FEAR!!! FEAR!!!! GOLD!!!! FEAR!!!!! BUY NOW!!!!! DON'T DELAY!!! BUY FEAR NOW!!! JUST IN TIME FOR THE PRICE BUBBLE TO BURST!!! HURRY!!! FEAR!!! FEAR!!! GOLD!!!

    [​IMG]
     
  7. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    I'm working on my mid sixties. I have seen this FEAR marketing of Gold so many times, and I am always amazed at how they dupe the fools into losing their money. Some of the fools have lost their money two and three times and still they get suckered in.
     
  8. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,281
    Thanks Received:
    674
    Trophy Points:
    175
    Ratings:
    +1,605
    Gold should be part of a portfolio not the whole portfolio. Even leftist economists such as Nobel prize winner Modigliani or for that matter Keynes in his own portfolio differ by no more than 5% in precious metals allocation from EXTREME goldbugs like Harry S. Browne. In point of fact the Browne portfolio included 5% less gold than Modigliano with the major difference being that Browne included a selection of relatively stable currencies as an additional investment vehicle while Keynes preferred stock in precious metal mining concerns as a way of reducing transaction costs. The across the board winner tends to be equal weighting of real estate, stocks, bonds, precious metals and in many cases cash. Once a year, or once a quarter in a boom, sell off the big gainers to get the toppy one(s) back in line and buy more of the out of favor vehicles. It really improves returns.
     

Share This Page