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Originally posted by questioningall
Though one thing that will keep anyone safe; Seriously purchase gold an silver!
It's been said over and over, but if you have ignored it before..... I advise you doing some research, and STOP ignoring the advice..... Buy metals!
Originally posted by LiquidMirage
Originally posted by questioningall
Though one thing that will keep anyone safe; Seriously purchase gold an silver!
It's been said over and over, but if you have ignored it before..... I advise you doing some research, and STOP ignoring the advice..... Buy metals!
Where and how do you purchase gold and silver. I asked at my local bank but nobody knew. I know you can buy it online but I don't trust that.
Originally posted by Trayen11
Say all the doom and gloom around these parts actually come about over the next two months. let me ask a simple question to everyone buying up gold to supplement thier money. If things come crashing down as you guys are suggesting what exactly are you going to do with all this precious gold you have sitting in your basements?
Because you sure as hell can't eat it. Smartest thing to be doing with your extra monet right now if your buying into this whole "the world is crashing" idea.....But extra food. Non perishable food that can last a long time. Canned food, jerkey, seeds for growing (if your able) and perhaps some form of defencive weapons to hold of the hoard of people looking to trade thier awsome gold for your food.
If SHTF i'd rather have food to last for a year then a bunch of pointless yellow metal.
Edit for spelling
[edit on 1/30/0909 by Trayen11]
Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..
so...what happens to the gold price?
[edit on 30-1-2009 by alienesque]
Originally posted by questioningall
Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..
so...what happens to the gold price?
[edit on 30-1-2009 by alienesque]
Actually that is not true, gold is purchased in all currencies of the world. Go to the kitco site, you will see, at the bottom of the main page, the price of gold in the main currencies of the world. Gold is traded in all markets of the world.
You will find when the N.Y. market closes, another market is already opened, gold trades 24/7.
Besides, don't you think the other countries of the world are using U.S. dollars right now, for gold purchases?
Originally posted by warrenb
The Art of War
You do not need to throw one soldier or bomb to destroy, devastate or otherwise cripple your enemies nation. Simply make it rely on you for its economic strength, then once you have enough capital power, remove it in one fell swoop; destroying your enemies economy and throwing the nation into turmoil.
Brilliant.
Originally posted by rickyrrr
Originally posted by warrenb
The Art of War
You do not need to throw one soldier or bomb to destroy, devastate or otherwise cripple your enemies nation. Simply make it rely on you for its economic strength, then once you have enough capital power, remove it in one fell swoop; destroying your enemies economy and throwing the nation into turmoil.
Brilliant.
In a dark room somewhere in china an old man in a suit laughs gleefully... his master plan has worked.... entice Americans with cheap tube socks and plastic commodities and let them spend themselves into a debt so great they can't recover... of course, THEY made us do this the power of rationalization.
-rrr
14And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live.
Originally posted by alienesque
Originally posted by questioningall
Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..
so...what happens to the gold price?
[edit on 30-1-2009 by alienesque]
Actually that is not true, gold is purchased in all currencies of the world. Go to the kitco site, you will see, at the bottom of the main page, the price of gold in the main currencies of the world. Gold is traded in all markets of the world.
You will find when the N.Y. market closes, another market is already opened, gold trades 24/7.
Besides, don't you think the other countries of the world are using U.S. dollars right now, for gold purchases?
how can gold be dealt in all currencies?...there is one gold price..but currencies fluctuate?
Currency Chg% X=1$USD NY Time X=1$USD X$USD=1 GoldPrice/oz Gold Chg GoldChg%
US Dollar -- 01/30-11:35 -- -- 919.30 +11.00 +1.21%
Australian Dollar -2.56% 01/30-11:30 1.5736 0.6355 1446.41 +52.80 +3.79%
Brazilian Real -1.44% 01/30-11:34 2.3220 0.4307 2134.61 +55.52 +2.67%
British Pound +0.93% 01/30-11:34 0.6940 1.4410 637.95 +1.73 +0.27%
Canadian Dollar -0.95% 01/30-11:30 1.2381 0.8077 1138.14 +24.15 +2.17%
Chinese Yuan +0.00% 01/23-06:46 6.8352 0.1463 6284.97 +76.55 +1.23%
Euro -1.00% 01/30-11:30 0.7803 1.2816 717.28 +15.58 +2.22%
Hong Kong Dollar +0.03% 01/30-11:33 7.7592 0.1289 7133.03 +83.44 +1.18%
Indian Rupee -0.08% 01/30-11:33 48.8100 0.0205 44871.03 +573.24 +1.29%
Japanese Yen +0.45% 01/30-11:34 89.6750 0.0112 82438.23 +618.56 +0.76%
Mexican Pesos -1.04% 01/30-11:34 14.3388 0.0697 13181.66 +291.70 +2.26%
Russian Ruble -1.96% 01/30-11:30 35.8064 0.0279 32923.94 +1026.62 +3.22%
S.African Rand -2.29% 01/30-11:34 10.2262 0.0978 9400.95 +320.22 +3.53%
Swiss Franc -0.58% 01/30-11:34 1.1609 0.8614 1067.17 +18.81 +1.79%
Gold shines brightest in inflationary times. The ongoing deflationary scare is a buying opportunity for gold and gold company shares. The real threat facing us today is the coming massive rise in prices right across the board caused by the ongoing world wide increase in the monetary base. I’m not sure how long it will take for all the money creation to work its way through the pipeline but its coming and with trillion dollar deficits being promised for years to come once it starts it isn’t going to stop anytime soon. When investors wake up to this fact we’ll see a flood of money into all things gold.
Originally posted by questioningall
Originally posted by alienesque
Originally posted by questioningall
Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..
so...what happens to the gold price?
[edit on 30-1-2009 by alienesque]
Actually that is not true, gold is purchased in all currencies of the world. Go to the kitco site, you will see, at the bottom of the main page, the price of gold in the main currencies of the world. Gold is traded in all markets of the world.
You will find when the N.Y. market closes, another market is already opened, gold trades 24/7.
Besides, don't you think the other countries of the world are using U.S. dollars right now, for gold purchases?
how can gold be dealt in all currencies?...there is one gold price..but currencies fluctuate?
Currency Chg% X=1$USD NY Time X=1$USD X$USD=1 GoldPrice/oz Gold Chg GoldChg%
US Dollar -- 01/30-11:35 -- -- 919.30 +11.00 +1.21%
Australian Dollar -2.56% 01/30-11:30 1.5736 0.6355 1446.41 +52.80 +3.79%
Brazilian Real -1.44% 01/30-11:34 2.3220 0.4307 2134.61 +55.52 +2.67%
British Pound +0.93% 01/30-11:34 0.6940 1.4410 637.95 +1.73 +0.27%
Canadian Dollar -0.95% 01/30-11:30 1.2381 0.8077 1138.14 +24.15 +2.17%
Chinese Yuan +0.00% 01/23-06:46 6.8352 0.1463 6284.97 +76.55 +1.23%
Euro -1.00% 01/30-11:30 0.7803 1.2816 717.28 +15.58 +2.22%
Hong Kong Dollar +0.03% 01/30-11:33 7.7592 0.1289 7133.03 +83.44 +1.18%
Indian Rupee -0.08% 01/30-11:33 48.8100 0.0205 44871.03 +573.24 +1.29%
Japanese Yen +0.45% 01/30-11:34 89.6750 0.0112 82438.23 +618.56 +0.76%
Mexican Pesos -1.04% 01/30-11:34 14.3388 0.0697 13181.66 +291.70 +2.26%
Russian Ruble -1.96% 01/30-11:30 35.8064 0.0279 32923.94 +1026.62 +3.22%
S.African Rand -2.29% 01/30-11:34 10.2262 0.0978 9400.95 +320.22 +3.53%
Swiss Franc -0.58% 01/30-11:34 1.1609 0.8614 1067.17 +18.81 +1.79%
Please see this from: www.kitco.com...
the chart did not come out right, but in it, is the price of gold in each currency.
Originally posted by IlluminatiKarate
I guess all we can wait for now is the government seizure of gold like in the Great Depression. Either way, I'm sure the PTB would rather piss off the minority who invested in gold as opposed to the rest of the population who uses paper. Even with the collapse of the dollar, it's not the end of the world like those who want you to "buy gold" would have you believe... there's a replacement in the works. Anyone that's telling you to "get into gold" only wants to increase demand so THEIR investments go up.
Originally posted by Reaper106
Originally posted by disgustedbyhumanity
I won't beleive this until China comes out and says it. Market talk was pumping up Lehman and Bear Sterns a week before they failed. Today is the day to sell gold.
With all due respect I just can't belive you really mean that. Go do some reasearch on gold forcasts before you rush out and do anything crazy like that. The market has been pumped up on false ideals"behind the scene control most likely", thats exactly why gold is a safe haven, always has been always will be.