Yes, currencies come and go. Owning gold is like storing your wealth. If the dollar becomes worthless and the world wide financial system implodes, they will come up with a new system. Then you can exchange your gold for whatever the new currency is.

300 oz of gold would have bought you a nice house 1000 years ago, it will buy you a nice house today, and it will buy you a nice house 1000 years from now.

Yes. Those things have happened in many countries. But they recover. Germany had a complete currency collapse, ever seen the "wheelbarrow full of money being burned in the fireplace" pictures? About 50 years later they became, and still are, the richest country in Europe.

Owning gold will put you in a good position when things stabilize again. The US still has a large % of hard working, educated, honest folk. So the "fundamentals of the economy are sound". And if a revolution should cause a purging of the not so decent folk, then all the stronger it will be in the long term.

Has it dropped yet?

I totally hope you guys are stupid enough to sell your precious metals.

you are gold -- gold!!! When i hear gold i remember Spandau Ballet.

back when I had a real job where I had to work for someone else I spent my whole 401K on gold and I think it was 232 dollars back then. I do not have hundreds of pounds of it or anything but I am getting ready to sell it. Not because of this thread though LOLOL, FAIL

It was just over ten years ago, I left the company in 2000 and paid 265 OZ. I have not paid attention to it at all but do they think it will keep going higher for real? 1400 seems pretty fucking good right about now.

1000 years ago people actually had gold, hell even a 100ish years ago.. Today they have papers saying they own gold. Paper attached to banking/investment systems that shut down and stop exchanges, during financial meltdowns.

If the eco and everything did cash... the piss amount of gold most people in this thread might actually have in hand, wouldn't hold them over better than a box of ammo would.

Well I keep my gold in the house. But you are correct, people should own physical gold. The government is libel to confiscate gold again if there's another depression, so if it's in your possession you have a fighting chance of keeping it away from them.

Confiscation will only happen if they want to revalue the dollar though. It's more likely they will just abandon the dollar and create a new global currency.

Or maybe all the trends will reverse and fiat currency will prove a great long term success. Who knows?

Falling "fast and hard" = a 15% - 20% drop? :upsidedow

Silver dropping from $30 to $25 is not fast and hard, especially considering silver spot was only around $12 two years ago. :2 cents:


oh wow a trillion dollars, once we get all of that out we will only be 13 trillion in debt instead of 14 trillion, surely this will save us from falling on our face.

Fuck, they found my stash.

its dropping, down to 1378.03cdn from about 1417cdn - apx a few days ago. But its probably a temporary situation, as the big guys are manipulating the market:2 cents:

What the fuck are you talking about. They knew exactly that there was oil to be found in Afghanistan. That's why US troops were sent there in the first place. :2 cents:

US government won't get it's hands on that shit, but they will stand guard as corporations loot it. The US military is turning into a blunt tool for corporations and neo-conservatives idealogues A fucking shame for all the brave men and women dying for this hoax of a war.

500 well trained and well funded intelligence operatives and some smart bombs would have done more to end Al Qaeda than the invasions of Iraq and Afghanistan.

A trillion dollars.... is that all? George W Bush added 7 Trillion to US government debt over 8 years with unfunded tax cuts for the rich and corporations, and 2 new wars. We then got to see how well trickle down economics worked when the GFC hit. Obama continued the debt trend, he continued giving money to the banks, but at least he took some from Iraq and some of the spending built infrastructure.

They need 10 afghanistan mineral despoits to cover the spending. The USA's leading export product is debt.

and most stupid sheep still believe the lie that wars are fought for their "freedom".... :1orglaugh:1orglaugh:1orglaugh

Thanks for that liberating thought:winkwink:

Post this on your wall:

By the end of 2011:
Gold will be at or near $2000 per ounce
Silver will be at or near $50 per ounce

Bet on it.

You are one stupid conspiracy theory touting liberal