gold will go to $1600 and the euro will trade at USD $2.00
 

someone told me this today

how things are currently going, I dont doubt it.

pretty depressing times ahead.

My dad who is a pretty savvy investment guy predicts gold at $2000 by the end of the year. Funny this actualy came up in a conversation last night.

I should invest my dollars in gold than ;)

:)

watch this clip, pretty crazy.

in less than 100 years. cars and airplanes will only be for the extremely wealthy...

https://youtube.com/watch?v=XNjZnRA2m68&feature=related

Yeah, I've invested heavily in gold the last few years and I'm not ready to sell any of it yet. The ride has just begun... :)

Bollocks........ if you believe that you must be thick as bricks.

perhaps not basic consumer vehicles but air travel for sure my friend.

And you dont think we will have discovered another viable alternative within that time? For fucks sake, its been less than 100 yrs since we first flew, im darn sure we will find a way to keep flying within another 100.

What does the value of the dollar and the price of gold have to do with a theoretical doomsday scenario based on the theory of peak oil? :error

will take at least till end of this year I am told

Sorry... You are wrong, he is correct. Do your research before calling Bollocks.

Sorry mate, the odds of finding two idiots in a single thread on GFY are not remote.

The man who has been right the whole time: Peter Schiff

https://youtube.com/watch?v=LfascZSTU4o&feature=related

Yep. Peter Schiff has made me a lot of money :thumbsup

I hope things change once we get a new president who isn't a monkey!

speaking of - http://news.yahoo.com/s/ap/20080423/...ntal_gold_rush


Where is the best place to buy gold? Not stock in gold companies but actual gold coins.

Check out www.kitco.com for coins and bars.

This company offers a more convenient solution www.bullionvault.com

I predict we will silver go up even more than gold this year so it's worth looking at buying some silver too :2 cents:

Crap... thats not possible.

I love when the media and general consensus flips like this. A year ago it was all about dow 14k. Now its all doom and gloom.

I am a contrarian investor. I will start to short gold soon.

im so glad i bought gold back at $630

just curious do you know where to go to invest money ($ not euros) in some rare materials like cobalt, palladium, catalysers and other things like that ?

your making me sad.

That was a good video. Peter Schiff is great.

No shit, investing 101 says buy low and sell high. When the masses start talking about buying gold you know it is time to jump off that soon to be sinking ship...

Down so far. $814.60

sweet, doesn't really effect me at all though. Good info though.

Good job :thumbsup

its not gold rising in value, it is dollar loosing value
i was looking at buying gold at 1000, now i am glad i did not..

Gotta love all the people who think that the "oil peak" is crap..
You have no idea how much of todays society runs on oil.. only EVERYTHING

The average food product in america travels like 4000 miles before it's consumed... and it's not transported by pitchens

WE ALL GOING TO FUCKING DIE!!! muahahahaha

Dollar is only going to get stronger now. Might drop a little bit in the next 3 months, but long term Europe is going to have to lower interest rates and we're on the verge of raising ours sometime soon.

bullshit
not gonna happen unless a big war breaks out

Gold is worthless.

Read Habsburg Spain economic history.

we need more tinfoil hats

:thumbsup:thumbsup

Any of you tried to buy gold through:

http://goldmoney.com

Its one of the ways you can buy gold and GoldMoney hold the gold on your behalf in Zurich/London vaults.

The Chinese have developed a method of producing good through nuclear fusion and are waiting for the right time to collapse the US economy.

Yeah right......

http://goldmoney.com/en/guarantee.html

rule #1: buy/sell when no one else is buying/selling.

so this is a wrong time to buy gold/oil (believe me, it's artificial price). it's right time to invest in banks that gave loans to china for Olympics 2008. :winkwink:

WTF???? China has the biggest surplus in the solar system. Check here:

https://www.cia.gov/library/publicat.../2187rank.html

On another note, Gold is falling fast>>> just hit $795

http://goldprice.org

$785

..............

guess i should stick a bit of money in gold and see what happens :)

The states has turned into an overconsuming bankrupt POS

"The price of gold" won't matter so much to most people living in North America in the coming decades.. afterall, how could one determine the worth of any given thing by comparing it to a worthless thing? One could not.

Oil is one of our biggest problems. It's the largest and most important part of our egregiously horrible overconsumption. Oil is in the plastic covering everything you buy. Oil is necessary to bring that garbage to you. Oil is necessary for most methods of transport here in the states, period.
Not only is there not an unlimited supply of the shit, but, we won't always be getting away with handing over worthless dollars for energy, any way.

The banks have the control. Not you, not me, not even our government.
It will come to a point where they can create all of the funny money/credit they like or play with themselves(the rates) until doomsday without being able to stop everything from going straight to hell.
And do you think that they care if things go to hell?
They devalue your dollar, they come in and buy your everything for "pennies on the dollar".. they do what the fuck they want.


Other countries who are dollar based are learning their lessons quickly. They're heavy dollars, and they want out, the ONLY REASON they don't pull everything is because they'd immediately be making their own currency worthless. There will come a time when they will have to cut their losses.

Gold will go to $1600, hell.. gold will go to
1. Gold is Valuable
2. Dollars are ornamental

Euro vs. USD?

1. Euro will buy something
2. Dollar will not


Pretty fuckin' simple

By the way..
It sure would fucking suck to get out of dollars and into gold only to find out that the fuckin' normal people had run the dollar price up even higher than it should have been. Then you'd lose money in the short term. That could really fucking suck to pay $900 or whatever it is only to have the normal peoples bubble to burst all over the place until it was back down to half that.

We KNOW the eventuality of this. It doesn't meam that it is a good idea to go out and put your entire being into fkn gold. What it does mean is that you should be in something with inherent value. Hedge your bets. Go buy some gold, some euros, some healthy overseas companies, you know the story... hedge those fucking bets, idiots ;)

Porn on the other hand will be free

It's the end of the year, and I don't see the price anywhere near $2000!

Uh no. Where's the source? Who are those people talking? Why is that clip only 1min long? Stupid.

Yeah, your pops is real savvy! Tell him I said nice going douche! :1orglaugh:1orglaugh:1orglaugh:1orglaugh

Gold seems to be a poor investment.

i still have my gold from the mr. T era