Is it time for Americans to buy gold? Silver? Euros?

[one eight]

what do you think?

[Gregory Black]

Yeah, buy at the top

[Stephen]

I dig gold, I don't buy it

[JFK]

I dig gold, I don't buy it

aaahhh I dig it

[DaddyHalbucks]

Every portfolio should have some.

[one eight]

bump for more answers

[peterk]

Today I exchanged some of my $$$ into Euros

[one eight]

Today I exchanged some of my $$$ into Euros

interesting. At a bank? Or online?

[KILL_FRENZY]

buy Euros for sure

[teomaxxx]

buy some good short term gold/silver producers, they will appreciate fast and you have bigger leverage with them. The silver/gold mania will come for sure and the stocks are one of the best options - look at high inflationary years in 80s.

by the way, hear this guy:
http://www.bloomberg.com/avp/avp.htm...USJ.lwS8e0.asf

it was recorded before rate cut.

[one eight]

buy some good short term gold/silver producers, they will appreciate fast and you have bigger leverage with them. The silver/gold mania will come for sure and the stocks are one of the best options - look at high inflationary years in 80s.

by the way, hear this guy:
http://www.bloomberg.com/avp/avp.htm...USJ.lwS8e0.asf

it was recorded before rate cut.

Wow, what a video.. thanks for posting!

[one eight]

i was thinking more along the lines of 1 oz gold coins- American eagles or South African Krugerrands, and some silver bars.

[p1mpdogg]

why would you buy something when it was the most expensive time to buy it?


you missed all the hints, face it, you lost out

[Big_Red]

i was thinking more along the lines of 1 oz gold coins- American eagles or South African Krugerrands, and some silver bars.

no reason to get eagles you will just end up overpaying. gold is gold. buy it at selling price.

[one eight]

why would you buy something when it was the most expensive time to buy it?


you missed all the hints, face it, you lost out

I'm not so sure this is the most expensive time to buy it.. word on the street is that gold spot price could likely top $1000/ounce in the coming years (coming US$ crash/recession) so this is just the beginning of the real run.

I agree, it does feel late in the game.. woulda been great to think about this years ago, but hindsight is 20/20. What i'm focused on right now is my current cash holdings.. and the reality that the dollar could totally bottom out. I'm not looking to gold to make money, I'm looking to gold to keep money.

[one eight]

no reason to get eagles you will just end up overpaying. gold is gold. buy it at selling price.

Yeah, i've heard that.. and there are 'supposedly' more Krugerrands out there in the market than any other coin. Seems like a good bet.

[uno]

why would you buy something when it was the most expensive time to buy it?


you missed all the hints, face it, you lost out

Yah, it seems the time to do it was around 5 years ago.

[one eight]

buy Euros for sure

I wouldn't buy euros right now.. inflation is world-wide, and Europe could be in trouble next. Gimme gold, silver and a shotgun.. i think it's time to hunker down.

[Big_Red]

I'm not so sure this is the most expensive time to buy it.. word on the street is that gold spot price could likely top $1000/ounce in the coming years (coming US$ crash/recession) so this is just the beginning of the real run.

I agree, it does feel late in the game.. woulda been great to think about this years ago, but hindsight is 20/20. What i'm focused on right now is my current cash holdings.. and the reality that the dollar could totally bottom out. I'm not looking to gold to make money, I'm looking to gold to keep money.

its not too late to get in the game now. you definitely have the right attitude about it with the last sentence you wrote.

[one eight]

Yah, it seems the time to do it was around 5 years ago.

Or last month. Anyhow, I'm betting you'll say that again in 5 years.

[minusonebit]

The time to buy gold/silver is past. Silver was trading for $5-$6 an ounce as recently as a couple of years ago. Now it is what, double? It will go higher. But how much is the question.

Ammunition is always a good investment. The price of it has been going up, too.

[one eight]

The time to buy gold/silver is past. Silver was trading for $5-$6 an ounce as recently as a couple of years ago. Now it is what, double? It will go higher. But how much is the question.

Closed at $13.54 today.. up 18 cents from yesterday.

[woj]

buy some good short term gold/silver producers, they will appreciate fast and you have bigger leverage with them. The silver/gold mania will come for sure and the stocks are one of the best options - look at high inflationary years in 80s.

by the way, hear this guy:
http://www.bloomberg.com/avp/avp.htm...USJ.lwS8e0.asf

it was recorded before rate cut.

yea, good advice there, if you want to buy gold, buy gold producer stocks is a better bet

[D]

by the way, hear this guy:
http://www.bloomberg.com/avp/avp.htm...USJ.lwS8e0.asf

it was recorded before rate cut.

'something's wrong here... that's not the way that a capitalism is supposed to- that's not the way that a just society is supposed to work... forget about capitalism."

I need to watch that more often. Thanks for the link.

[AGS-17]

bump for you

[Paul Markham]

The reason they are in the shitter is they don't have any money to buy. Unless it's on loan.

[Antonio]

if you have the money you ask the pros for help, not the GFYers, go to your bank even, most of them have financial advisors

[gingy]

Nice video!

[The Judge]

Gold will have little barter value during an economic collapse, invest in small caliber ammo, canned goods and water purification tablets.

[teomaxxx]

The time to buy gold/silver is past. Silver was trading for $5-$6 an ounce as recently as a couple of years ago. Now it is what, double? It will go higher. But how much is the question.

Ammunition is always a good investment. The price of it has been going up, too.

Silver underperformed gold in past few years, so I see it as better investment.

Together with decrease value of USD, probability of flight of foregin capital from USA, and so on... , I would watch also price of oil, look at what happened with price of silver during oil crises in 80ties :

"From 1792 to 1972, silver went essentially nowhere: 180 years of no profits for silver investors. Then silver began moving up.
In 1979, silver spiked upward by 10 to one. It hit $50/oz in January, 1980"

"$122.36 in the year 2006 has the same "purchase power" as $50 in the year 1980."

The high prices of oil simply catapulted prices of precious metals, because of high inflation.

and there is no good outlook for oil production/consumption in next few years.

Even IEA (International Energy Agency) warned of tight oil supplies in coming years:" If Iraqi production does not rise exponentially by 2015, we have a very big problem, even if Saudi Arabia fulfills all its promises. The numbers are very simple, there's no need to be an expert"
and these guys from IEA were for a years telling that everything is ok.