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July 28th, 2010 at 11:10 pm
saw this quote on another website: “Gold is a concrete store of value with six millennia of proven track record as a monetary commodity behind it. The dollar, in its current configuration, has only been in existence for 39 years and is a fiat currency in a world where every fiat currency except for those currently in use has failed. Every single one”.
July 28th, 2010 at 11:47 pm
Fuck gold, buy food.
I don’t give a fuck about some yellow sparkly rock.
I can’t eat that, motherfucker.
July 29th, 2010 at 12:12 am
I wanted to buy gold too, then I noticed I had no money left already…
July 29th, 2010 at 1:11 am
That information is classified, but I’ll just say that it is a country just north of the border – a country with vast natural resources and sparsely populated. [wink, wink]
July 29th, 2010 at 2:09 am
Where did you move to?
July 29th, 2010 at 3:08 am
And your suggestion for investment is? Still waiting… thanks.
July 29th, 2010 at 3:47 am
You need to study history, economics and money. 1) Gold is the most stable investment and an excellent insurance. history proves this. Fiat money is volatile along with the share market, which is also speculative. 2) Printing money and borrowing from the fed etc (money creation) is inflationary in the long term. You should observe the real inflation figures and price of gold when inflation is considered. Get educated.
July 29th, 2010 at 3:50 am
Don’t you think that as the dollar declines, countries like India and China will pull out and put their money in gold? (Or some commodity) Then Hyperinflation and dollar collapse?
Why do you think Schiff is a moron or a con artist? Have you seen his predictions in 2006 of the “Major Recession coming soon” while everyone called him crazy?
Yes The next bubble will be a commodity bubble, but I don’t see it “Crashing soon”
-My two cents
July 29th, 2010 at 4:36 am
@Einstiensblackid This guy is totally a idiot. deflationary depression? you better save up all your money in paper dollar then. LOL
July 29th, 2010 at 5:23 am
Wow, you sir are the joke. What you have to respect about Schiff are the fundamentals to which he comments. Using housing as an argument of inflation is wrong because one could argue that home prices before the bubble burst were hyperinflationary themselves. In fact they are still too high. The price of gold does not change. So to say that the price will crash is to assume the dollar will rise – aint gonna happen with a 100 trillion national debt. We cant expand out of this recession.
July 29th, 2010 at 6:05 am
So you know the value that gold will be in 5, 10 or 20 years from now? You will be very rich to have such information. Even if gold loses some value now, I’d rather be left holding a bag of gold in 20 years than a bag of worthless U.S. dollars. HA!
July 29th, 2010 at 6:24 am
@gondwanalon You said to buy gold at the exact top. Good work.
July 29th, 2010 at 6:38 am
Gold will crash soon. It’s a purely speculative bubble. Actually commodities are in a bubble and gold is just the flashiest of those commodities.
Commodities will be the last bubble to burst before the DEFLATIONARY depression fully sets in… It’s already set in for the real economy. $700k homes are now going for $400k and this moron is worried about inflation? What a joke.
Schiff is either a moron or a con artist.
July 29th, 2010 at 7:31 am
You should have bought gold years ago. If you buy now you will lose you ass!
July 28th, 2010 at 11:42 pm
[...] Craig's Listings and Classifieds. RSS Feed Available » Blog … [...]
July 29th, 2010 at 7:57 am
search george green , he has some interesting thoughts about gold and the economy, moreover for those willing to invest i suggest its a good thing to do BUT with all this people knowing about it in the end most of them will loose everything because all will think that they will gane something, invest-dont be greedy-when its the right time take your profit and leave and good luck
July 29th, 2010 at 8:44 am
Buy gold now before the U.S. Congress passes the “ObamaCare” Bill. Soon thereafter the stock market will crash as capitalism in the U.S.A. is crushed by debt. Meanwhile Congress continues to print more and more U.S. dollars driving the value down. Gold may also go down in value but unlike the USD, it will never be worthless. Good health Comrades!
July 29th, 2010 at 9:32 am
Wait, are you telling me free market feed back systems work? That if someone doesnt deliver on their promises they lose money and cant be rich? No way!
July 29th, 2010 at 10:00 am
ya i’m into silver now too, much more affordable and I can buy something tangble. When to sell? When everyone on your street starts buying it! Think tech crash 2000
July 29th, 2010 at 10:14 am
Peter wouldn’t be a millionaire if he was unable to give sound financial advice – if his advice was designed to “sucker” people out of their money, they would stop doing business with Euro Pacific Capital… but they don’t because the advice is well founded and playing out comprehensively in the financial markets….
July 29th, 2010 at 10:26 am
Get in on Gold Now!
Secure your prosperity during this global recession. Get the info you need..(copy and paste)…
Buy-Bullion. INFO
July 29th, 2010 at 10:46 am
I have been reading a lot of posts on here making reference to the fact that gold is so expensive now, that even the middle class can not afford to get in. I consider myself a middle class American and have taken the alternate route and invested in silver. SIlver is a little over $17 per ounce and over the last few months as gold has gone up, silver on a percentage basis has gone up even higher!! Silver has been called the “poor man’s gold”…Now it’s the “poor and middle class man’s gold.”
July 29th, 2010 at 11:46 am
How exactly do you figure that Jamal?
Anyone can get their hands on a piece of gold in some way shape or form. There’s no way the middle class in general is that broke. Why is it people don’t think they can get even 1/10 oz of gold? wtf. No wonder so many are broke, they’re just too dumb to be anything else but.
July 29th, 2010 at 12:36 pm
If it ever gets to that point then with a gold brick you would be able to buy a entire store.
July 29th, 2010 at 12:48 pm
At $1,100 an ounce most middle class investors are already priced out.
July 29th, 2010 at 1:02 pm
Is he talking stock? Or is he advocating the physical form? If it’s the former than I have no cause for debate. Perhaps he should have been more clear.