how convenient gainesville is down as the asian markets open up and won't open until the us markets open.
Investing in Gold/Silver - way too late?
- Thread starter ncmedia
- Start date
It's unlikely the world will end, even in financial terms, but what is feasible is that the government views gold investors as a threat to whatever goals they've set, and finds a way to attack the value of their investments.
The UK govt are currently doing this to people who save cash at the moment by keeping interest rates low. They want people to spend money on pointless consumerist shite, not hold onto it, so they can "kickstart the economy". They also want to inflate the currency so they can wriggle out of the debt mess they're in.
Hence, interest rates are lower than inflation, if you have large cash savings, the value of your money is currently falling in real terms.
I don't know quite how they'd do that to gold investments, but I'm sure someone could find a way. It would probably be by way of taxes, regulations and fees.
Real, physical gold is much harder to attack like this, because it has value above and beyond what the government dictates. It undermines their financial power base, which is why they don't like you holding it.
am I going to be blacklisted by purchasing a significant amount of silver on a chase card? haha
Gold is nice if you're thinking 10-40 years out. But, what if you are thinking more short term?
Invest into business'. If you have the time, the capital I'd say invest into offline physical business' with hard assets in an industry you understand. Trouble is, not many people have the time (nor money) to invest as a partner/advisor and reap the profit benefits.
Invest into business'. If you have the time, the capital I'd say invest into offline physical business' with hard assets in an industry you understand. Trouble is, not many people have the time (nor money) to invest as a partner/advisor and reap the profit benefits.
All depends how long someone is willing to sit on the G&S and not sell it if it goes down. I seriously doubt that there will be a huge discovery of ore that will bring the price down.
don't think its too late. gold could double. the fed is surpassing china as largest holder of debt, so dollar is still in huge trouble. some say it will be replaced in next 5 to 10 years.
don't let what happened to celente happen to you...buy some physical and hold it. try kitco. i've bought from them. i believe they are in ontario.
don't let what happened to celente happen to you...buy some physical and hold it. try kitco. i've bought from them. i believe they are in ontario.
The US gov't debt, gov't pensions, and unfunded liabilities are a ticking time bomb. It will go off within 5 years. 10 years max. Sovereign bankruptcies will become commonplace soon. The US, the PIIGS, etc. The money printers will print until there are no more trees. Definitely take physical delivery and store some of your gold outside of your home country. I wouldn't be surprised if gold hit $10k/oz within 5 years.
^^^ This....is true. However this information is already reflected in the price of gold.
I'm bearish on gold, silver and precious metals in general as these commodities move in lock step over the long term.
All this "gold is gonna double" sounds like every past bubble we've had.
Just my opinion.
I'm bearish on gold, silver and precious metals in general as these commodities move in lock step over the long term.
All this "gold is gonna double" sounds like every past bubble we've had.
Just my opinion.
When people are selling and buying gold 24/7 like they did in the past gold bubble or Internet bubble, then I'll bail. Almost no one owns gold right now. The recent price decline is shaking out the lemmings who bought it just because it was going up in price.
When the US gov't is on the brink of bankruptcy and is forced to print a pantload of dollars, believe you me gold will be a lot higher than it is today. Plus, we have international catalysts in the form of sovereign bankruptcies. I think most of Europe will be hit, even the allegedly stronger countries.