It's time to sell your gold and silver. It's about to drop. - Page 3 - GoFuckYourself.com

Dodododa · 01-05-2011, 07:36 PM

Quote:

Originally Posted by TheDoc

Nice, but most people don't have physical gold... being that you do, I have a question. If the economy's around the globe fail; who, what and how would you exchange your gold?

Gold has value because people are buying GLD like mad.. making the demand go up, when the supply is solid. If banks or reserves aren't exchanging gold, because they have nothing to exchange it with (a eco issue) - how does it have value?

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.

Dodododa · 01-05-2011, 07:59 PM

Quote:

Originally Posted by Phoenix

hmm...buying gold to make wealth is fine and all..but owning gold in case the end of the world comes?
if shit hits the fan that bad..you can count on 50% of the city folk to be dead within a couple months...farms will become armed camps. your gold will probably only buy you safe passage to a farm..where you will be killed and relieved of your gold...lol

rice will be more valuable then gold.

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.

Brujah · 01-05-2011, 09:06 PM

Has it dropped yet?

The Demon · 01-05-2011, 09:56 PM

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

adultchatpay · 01-05-2011, 10:14 PM

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

Penny24Seven · 01-05-2011, 10:18 PM

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.

TheDoc · 01-05-2011, 10:22 PM

Quote:

Originally Posted by Dodododa

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.

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.

Dodododa · 01-05-2011, 10:36 PM

Quote:

Originally Posted by TheDoc

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?

will76 · 01-05-2011, 11:21 PM

Quote:

Originally Posted by Mr. Cool Ice

Of course it's not going to fall tomorrow. But it's going to come, and fast, as soon as news breaks of the mining of it. I don't think it will be as long as 12 months, but it may. I'll keep up on this and when the news comes of them mining it, it will drop. Considering the Pentagon is already there, that shit is going to come out of the ground fast for several reasons and it couldn't come a better time when the USA is about to fall on it's face financially. A TRILLION DOLLARS (or more) of minerals here. That is big news.

I'm calling it now, there will be a 15% - 20% correction.

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

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

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.

Lester Burnham · 01-05-2011, 11:45 PM

Quote:

Originally Posted by Mr. Cool Ice

The USA just found what may be one of the largest deposits of minerals IN THE WORLD, in Afghanistan, full of iron, copper, cobalt, gold, silver and lithium.

Fuck, they found my stash.

JFK · 01-06-2011, 12:29 AM

Quote:

Originally Posted by Brujah

Has it dropped yet?

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

Davy · 01-06-2011, 03:49 AM

Quote:

Originally Posted by Mr. Cool Ice

The USA just found what may be one of the largest deposits of minerals IN THE WORLD, in Afghanistan

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.

howardzinn · 01-06-2011, 04:44 AM

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.

nico-t · 01-06-2011, 05:06 AM

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

JFK · 01-06-2011, 07:21 AM

Quote:

Originally Posted by nico-t

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

Thanks for that liberating thought

jerryb · 01-06-2011, 07:50 AM

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.

The Demon · 01-06-2011, 07:58 AM

Quote:

Originally Posted by howardzinn

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.

You are one stupid conspiracy theory touting liberal

01-05-2011, 09:06 PM	#103
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Has it dropped yet? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

01-05-2011, 09:56 PM	#104
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	I totally hope you guys are stupid enough to sell your precious metals. __________________ Greed is Good

01-05-2011, 10:18 PM	#106
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,287	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. __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny Last edited by Penny24Seven; 01-05-2011 at 10:24 PM.. Reason: correction

01-06-2011, 04:44 AM	#113
howardzinn Registered User Join Date: May 2005 Posts: 76	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. Last edited by howardzinn; 01-06-2011 at 04:49 AM..

01-06-2011, 07:50 AM	#116
jerryb Confirmed User Join Date: Feb 2005 Location: Saginaw, Michigan USA Posts: 588	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. __________________ - - Hot Phone Sex and Porn Search Engine Webmaster Opportunities Crazy Ernies Blog

01-05-2011, 10:14 PM	#105
adultchatpay Let's Make Money Industry Role: Join Date: Dec 2008 Posts: 8,784	you are gold -- gold!!! When i hear gold i remember Spandau Ballet.

01-06-2011, 05:06 AM	#114
nico-t emperor of my world Join Date: Aug 2004 Location: nethalands Posts: 29,903	and most stupid sheep still believe the lie that wars are fought for their "freedom"....