Final Warning, page 2

reply to post by dooper

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Amen! an ounce of gold would buy you a nice suit in 1920 and in 2009. It's VALUE is constant it's COST is not.

Buy the real hand held gold IMO not the gold backed securities. And if you can't afford gold buy Silver "The poor man gold"

reply to post by anotherdad

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To illustrate further, assume in January of this year, you had $1,000 in savings. You aren't getting squat for interest, but you got lucky and received say, 5% interest per annum.

You hold it, and for that year, you made $50.

Now, in the meantime, gold that was $1,000 an ounce in January went up to $1,100 in the same period.

That means that $1,000 in cash you had, just lost $100 in purchasing power.

Had you had your $1,000 in gold, you'd still have your ounce of gold, not losing any value.

$100 false appreciation in gold, less $50 in devalued currency, and you still lost $50, even though you will have to pay taxes on that $50 gain.

Sucks, huh?

And while gold is the real standard, silver is more easily exchanged, since it's in smaller increments.

My Dad told me as a kid during the Depression, since there were 12 kids raised on a large farm, they really couldn't tell the difference. They raised everything they needed, bartered for most other things, but once in a while, they had to have hard cash.

Not that paper crap. HARD cash. Gold or silver.

Something to think about.

For every point that gold appreciates in price per ounce, your dollars just lost the inverse amount in purchasing power.

Monthly Semi-Log Gold Bar Chart - Since 1974

Gold printed a final bottom in 2001..but..the senior downtrend line extending from the 1980 $850 top through the 1996 high (use straight-edge) , wasn't broken decisively to the upside until 2003. From a technical perspective , it was the April 2003 breakout that confirmed the end of the 24yr bear market...ergo , 2003 would have been the appropriate time for investment management firms to issue "buy" signals on Gold.

The "bubble" references surface every time Gold makes a bold move , meaning every year...and every year they get put to rest.

Ok , one more time...lets try this again....

Gold Price is No Bubble

Edit Add: GoldSwitzerland was a tad early with their call...but ultimately thay called it right.







[edit on 4-11-2009 by OBE1]

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