posted on Feb, 8 2009 @ 02:49 PM
I even have taken my 9 year old daughter's money out of the bank, and have purchased metals with that for her. I explained - that it was in her best
interest and how it will increase, which it already has. She has trusted me, I have been trying to get all my family members to put anything they had
extra into metals, I am thrilled they have listened to me, and have made decent purchases.
Questioningall I can't believe you've done this irresponsible act.
If you really knew what you were talking about you would have taken all your money out of the bank when Gold was languishing around $360 per ounce a
couple of years ago.
The very worst time to buy Stock or Gold is when the price is rising. The price of Gold will crash again and you will lose all your savings. The Gold
price will not rise forever.
The only reason anyone is screwed by China buying gold is that it is taking money out of productive investment. To create growth it is not the
quantity of wealth in an economy which matters. It is the speed with which money circulates and how frequently wealth changes hands. Locking wealth up
in buying Gold whether it is individuals like you doing it or whole nations like China... it is simply destroying jobs and destroying wealth. Your own
actions in buying gold are part of what prolongs this crises.
May I remind you Questioningall what happened when Russia began selling gold into the world market in the early 1990s?
The funniest thing of all would be if Obama started selling off US treasury Gold into the world market to re-inflate the economy. What would happen to
your savings then Questioningall ?
[edit on 8-2-2009 by sy.gunson]