Final Warning

goldswitzerland.com...



I couldnt have said it better myself.

Take note Ive been reading this from many investment and stock market sites over the last 2 weeks. Seems they are in a consensus that the market is about to flop.

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Removed All Caps from title

[edit on 4/11/09 by masqua]

Well -- no offense -- but of course you will be reading it. They are, after all, trying to sell you gold.

What would you expect them to say?

We'll all jsut have to wait n see..nothing else we can do. Only a select few, know whats goin on. Unfortuanly, im sure Bush knows as well, and is safe n protected. time will tell.

In the end doesn't gold become the ultimate bubble? Especially in today's crazy derivative based market - more gold futures sold each year than all the gold ever mined. Inflate the price while hyping it then flood the market with paper gold and drive the investers out leaving their money for the market makers.

What he said.

If this hysteria keeps up, gold is going to be the next commodity bubble.

Ironic, if you ask me.

I made a point to comment on the fact that I have been reading this everywhere but somehow that comment was missed.

I have been reading this same warning from many, I mean MEANY sites. Not just gold sellers.

Investment firms (those who deal in stock exchange for profit) have been saying get out of the market now while you can.

Do you not find it odd that a company whos sole profit comes from the trading of stock is asking it's customers to stop trading, therefore ruining it's profit margin?

I am disappointed I had to explain that.

Bingo! When they learn how to eat gold it will hold it's current value, otherwise it's going down. The real gold will be wheat, corn and rice.

reply to post by Tentickles

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So, say the economy does crash...and there are food shortages. How valuable will that gold be? How are you going to buy food at a reasonable price with gold? Food will be King...and there will be a barter system.

Tentickles is right on the money IMO.
Barclays have stated that they expect a mid term price for gold at USD 1600 and some houses are quoting over 2000 in the next couple of yrs.
I have seen some qoutes of USD 5000 by 2012.

DYOR.

When TSHTF gold and silver coins will come into their own as a means for bartering for luxuries and essentials alike, In times of despair and uncertainty, It has been like that for 1000's of yrs and it is not going to change now.

It is not that Gold is becoming more expensive, it is that the dollar is getting weaker and therefore the dollar price of gold must rise. All of that inflation is hidden in the stock market at the moment and when we suddenly raealise that these companies are not worth the price tag, the markets will crash and inflation will rocket along with the price of gold.

It is all too clear except to those that can not or will not see.
Physical gold is king and the only thing that can burst the gold bubble is economic stability and there will not be much of that in the next couple of years.

PEACE,
RK

Always remember when worse comes to worse, you can't eat gold and nobody would trade food for it and risking their family to starve with a piece of gold in their hands.

I do not doubt your words for one minute and agree that food supply is probably the most important consideration, but there will also be traders looking to make profit. "Merchants" trade food for gold, always have and always will, in desperate times inflation usually drives prices higher but merchants still trade. I would also think that people who are savvy enough to have sizeable physical gold positions will also have the forethought to have emergency food stores.

PEACE,
RK

This argument never held any water for me. Forget the 5,000 years or so history that mankind has had with gold as a store of wealth. Something like gold will always be a way to protect yourself in the event that your particular currency goes belly up and it has always been a great hedge against the inflation that preceeds it.

In any economic collapse, there will be those who not only hoard gold, but manage to do so while living quite comfortably in larger scale barter and trade that you can only do with something as small and portable as gold.

Unless we're talking an instant and immediate return to the stone age with no escape in site, gold will be the only way to make very large purchases and actually improve personal long-term financial stability and wealth-building. Remember, those who came out of the dark ages with all the gold are the ones who became the wealthy and elite.

When you are in a situation where a new currency must be instituted, your worthless FRNs won't be exchangable for much and neither will a bag of rice or a sack of wheat... but you can bet that your stash of precious metals will do just fine when and if you are ready to buy into the new currency.

Excellent point. Those who are prepared tend to be prepared all the way. An adequate supply of food and basic needs should be everyone's short-term plan. Stage two is being well trained on a few key weapons and plenty of ammunition to support that. This would mean not only fresh game, but when/if things go really sour, the ability to protect what you have and who you love. Stage three is an adequate supply of precious metals. Past the zombie hoard stage, commerce will sprout back up and trade will begin to thrive and flourish. If you want to get in the game, it's best to have as much portable, universally recognized wealth as possible.

Exactly, the price of Gold is going to break more investors than the drop in the dollar.

The Gold bubble is getting into full swing and all the small players are beginning to buy into it.

Everything in finance is caught in a catch 22 bubble/bust for the next couple of years.

Im sticking with my Euro's and decent deposit rates in my government guaranteed bank :lol

I think that the only real issue right now with gold that should be worrisome is for those holding paper gold. Unless you have posession of physical gold, you are taking a very real chance that the gold you are promised just isn't there. In fact, this general suspicion is fairly widespread and getting to be more and more prevalant in people's minds.

EDIT: Here is a thread that much better illustrates my brief point about "paper" gold

www.abovetopsecret.com...



[edit on 11/4/09 by larphillips]

And here it is!

After October being filled with predictions of economic crashes, I was just itching for another thread about November being the month to watch for.

We can count on there being a economic crash prediction on ATS every month from now on I think.

I actually believed the October one.


[edit on 4-11-2009 by Copernicus]

reply to post by Copernicus

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Well believe me then...

Nothing major will happen until the health care Bill is passed.



Once that Bill becomes Law.


Watch Out.

www.abovetopsecret.com...

And the analysts who are trying to shove toxic paper investments down their clients' throats are also babbling about "green shoots" and "recovery" and have been doing so non-stop. Everyone has an agenda. Given this, to navigate your way through the mess, use common sense. At least precious metals and commodities are limited in supply and used as holders of value all over the world, while some are in short supply and vital for industry. Meanwhile sketchy derivatives and stocks that don't really exist, as well as currency supply, can be created at a keystroke. Which has "real" value and which is an illusion, then?

It's not "all or nothing," i.e., a stark choice between Mad-Max-style postapocalyptic barter and the fantasy playground of the housing bubble years. There are many middle grounds...I see paper declining in value drastically but still existing, while gold, commodities, and other metals will rise over the long term. We will still have paper money (or, more likely, electronic money)...it will just be worth far less than it is now.

I thought that was interesting - that the gold that you purchase will be safely stored in Switzerland. When it all comes down, good luck claiming it. Classic Swiss bankers scheme.

I agree that food, clean water, and basic supplies will make gold useless - you can't survive off of gold in a worst case scenario.