Safe as gold?, page 1

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Topic started on 22-9-2009 @ 08:12 AM by vodj1

Safe as gold?

thetruthnews.info

Just how safe is gold should be the question, all we hear these days is buy gold it is the answer to everything. Well I am writing you today to say just beware and remember Franklin D. Roosevelt’s gold confiscation of April 5th 1933.

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reply posted on 22-9-2009 @ 08:12 AM by vodj1

It appears to me that America is being set up for this once again. You cannot listen to the radio for five minutes without hearing it, buy gold!

Many of the talk radio host or change agents as I call them, along with the gold sales people are hand in hand in only what I believe to be a setup and the question is who will be the victims.

thetruthnews.info
(visit the link for the full news article)

reply posted on 22-9-2009 @ 08:32 AM by Indigenous equity

The time to sell is when the world is buying, the time to buy is when the world is selling.

History has proven this correct each time

[edit on 22-9-2009 by Indigenous equity]

reply posted on 22-9-2009 @ 08:40 AM by worldwatcher

Gold etf's or any "paper gold" is no safe bet. Physical gold gives you a little more safety but there are still issues when it comes to determining value and using it as currency and carrying and protecting it from others.

Imo there's gonna a gold bubble bursting in the future just like all the other financial bubbles that burst, especially in the "paper gold" market and then all those people who were using it as a safe haven will be in a for a rude awakening.

I collect gold in the form of jewelry, not only do I get to wear it and look good, but it's easier to pawn or trade a simple piece of jewelry than a buillion.

reply posted on 22-9-2009 @ 08:52 AM by vodj1

reply to post by worldwatcher

Yes gold jewelry is the way to go and maybe silver.
Lessons from Argentina,s economic collapse is a must read if you haven't already, it is long but very compelling and informative. Here's the link if you are interested. www.silverbearcafe.com...

reply posted on 22-9-2009 @ 09:19 AM by worldwatcher

reply to post by vodj1

I've read that article before

it's a good one

Growing up in third world country in South America, where there is a black market for just about everything and cambio/cash dealers everywhere gave me a very good idea of how things could possibly be in a financial sitx in the USA. It is not uncommon to trade goods and services for food and other essentials, nor is it uncommon to use jewelry to settle debts. Rings, bracelets, earrings, necklaces and coins are easier to transport and conceal than gold bars. Oh and while in currently we have standards for gold which determines the value of a piece, in such times, there isn't much difference, you'll more than likely get the same equivalent of monetary, goods, or services for 10K, 14K, 22K or 24K from the dealers.

reply posted on 22-9-2009 @ 09:41 AM by exile1981

The people I work with are all buying gold like it's candy. The dumb ones are buying paper certificates for gold. The smarter ones are buying physical gold to hold in there house. I on the other hand decided to invest in less precious metals - lead, copper and brass. Those ones will always have a market for them.

reply posted on 22-9-2009 @ 12:01 PM by THX-1138

The people who are all crazy for gold are always the ones that have no idea how to stay current. All you need to do is have the ability to stay current with currency. If your country's currency sucks then leave and come to America. We always win. Our stock market guarantees that. Our military backs it up.

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