with the drops all i see is a better buy for me

The greatest commodity one can have is FOOD! So, all y'all that are collecting gold and silver...hit me up when you get hungry...cuz that's the only thing you'll be bartering for. I mean, who determines the price of gold or silver? And if 'they' determine it too be worth $1 dollar....what EXACTLY can you do about it? Not too long ago...gold was selling for $700 or so an ounce...and today's price? So, why has the value increased? And, if you bought gold, at $2,000 an ounce and it sells tomorrow or $1,000....how is that a smart investment.

Here's another smart investment....MARIJUANA! Or at least some good seeds. No???? hahahahah

Originally posted by jamiejames
The greatest commodity one can have is FOOD! So, all y'all that are collecting gold and silver...hit me up when you get hungry...cuz that's the only thing you'll be bartering for. I mean, who determines the price of gold or silver? And if 'they' determine it too be worth $1 dollar....what EXACTLY can you do about it? Not too long ago...gold was selling for $700 or so an ounce...and today's price? So, why has the value increased? And, if you bought gold, at $2,000 an ounce and it sells tomorrow or $1,000....how is that a smart investment.

Here's another smart investment....MARIJUANA! Or at least some good seeds. No???? hahahahah

edit on 25-1-2011 by jamiejames because: (no reason given)

Food is perishable, precious metals are not. You can't by an acre of land or a really good hunting rifle with a bushel of corn, but you can with a piece of gold or several pieces of silver. You can easily transport your wealth across a distance, not so much with a storehouse of food. Again, you have to look at the big picture, not an immediate need.

S&F.

Gold will always be prized and have worth, Its been like that for 1000's of years and is not about to change because some ATS posters dont have any and slag it.off.

In 1975 when the US was chased out of Vietnam, they left behind 10's of 1000's of South Vietnamese collaborators who had to flee the North Vietnamese Regime. How did they manage to escape?
They bought their sea passage on boats using gold bars.... thats right... gold bars.

Forget the BS MSM reports that reported the plight of these "poor" boat people cos guess what? They were not poor and had their wealth in gold and that is what got them out of the country when the US legged it and TSHTF.

I laugh when I hear people here say "You cannot eat gold" My answer to that is "Why would anyone want to eat gold?" People who are savvy enough to own physical gold are also savvy enough to have food supplies tucked away.

To the member (Saturn X - I think) who said you cannot rub gold and it turns into a boat, guess what mate? If youve got enough, not only can and will it turn into a boat (see above) but it can also turn into a helicopter or a plane and if you want to get out of a country fast, guns, ammo, arable land and bags of food will just not cut the mustard with the ferry man.

A gold 20 dollar coin is a gold 20 dollar coin and people immediately know what it is when they see one.....Oil paintings? You really are having a laugh arent you? most people could not tell a Monet from a Manet so who could you possibly sell them to when TSHTF?

Your average fine art dealer will be long gone, on the boat already

PEACE,
RK

A wave low this morning (day session; yest in night session) of an ABC correction for both Gold and Silver. This rally will fail and then we will make a lower low (<1300 & 26, resp). They are "shaking the tree" (of weak longs).

Originally posted by CosmicCitizen
They are "shaking the tree" (of weak longs).

I think there may be more than a little substance to that statement

I am not so sure about the big cash payoffs by institutions who cannot deliver physical PM's.
In todays climate, where fraud in the financial industry goes unpunished, I suspect that they will pay out current market price in Fiat and say "like it or lump it."

Any ETF holders here who fancy requesting delivery of physical and confirming or killing this blog rumour?

PEACE,
RK

Will a loaf of bread buy a bag of gold because breads expensive or gold is cheap?

You can't say that gold will always hold it's value. If the world plunged into chaos and societies fell, or a mass die off of humanity occurred, gold will be worthless becuase it's locked up in vaults and too heavy to carry and if I had food you needed, what would I do with your gold, use it for a doorstop?

So we only have a 7% drop inside 30 days. Not too bad. But if this rate occurred for 6-7 months there will be some pissed off small investors and some happy traders who will buy more at cheaper rates and wait until it rises again, unless they die in which case it's worthless to them.

In the end, when your dead, the amount of gold you owned means nothing.

This is going to be a great week for metals and other commodities. Sad for the people of the middle east, but I expect some good things for silver this week riding on the back of these protests. I don't think we're going to see prices lower than where they're at right now for a while, if ever. The silver squeeze just got pushed forward and this might be the Black Swan event we were waiting for in metals. I don't know about you, but I was getting tired of watching gold and silver dive while the dollar was doing the same thing. And that's on word of shortages at the same time the US Mint is making record sales this month. If that isn't a sign of manipulation, I don't know what is. Definitely time to make purchases if you've been sitting on the sidelines waiting for them to drop just a little more.

we were supposed to sell the head and shoulders pattern at 1428.....
i should have told ya....now what we have is the little known february 4 reversal....it can be valid for 6 weeks at least....it's the japan fiscal year ending in april according my view.....w d gann found it way back when....

Big up-move today in metals.

Just a reminder to those who follow metals, any serious escalation of conflict in the Middle East will almost certainly push oil, and then metals, considerably higher.

With rumors of "secret" meetings going on around the globe right now, I wonder if we are on the verge of something "big".

JR