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Originally posted by Byrd
Guys, the price of gold and silver on the world market is fixed and has been ever since the Hunts tried to corner the silver markets in the 1970's. Gold prices are fixed by international treaty and won't go beyond a certain range.
I know this because I have a gold coin bought on one of those "protect your investments!" deals back about 20 years ago. The price of gold then was $420/ounce.
It's still in that price range... but inflation has made $400 shrink. So I've actually lost money on it.
Originally posted by Indy
Based on today's government the Hunt brothers would have been allowed to corner the market on silver. Today's government doesn't have the courage (or will) to stand up to crooks. As a matter of a fact they embrace it. On the issue of stocks.... absolutely dump them. I'd say dump them especially if Bush gets re-elected. I'm putting my money in the Euro. The dollar in my opinion is worthless. I was overseas when the change to the Euro took place. I could get about 1 euro to 1.05 euro for each dollar. Today I can only get 0.81 euro per dollar. We are talking a slide of over 20% in only a few years and signs are it will get worse. What will happen to the dollar if OPEC switches over to the Euro? The future is grim for the dollar and the American economy. Now America has to figure a way to pay for its fake recovery that it had to finance. Oh and then there is that war it had to finance too.
Originally posted by nathraq
QTelevision(OTC QBID.PK) launches in September.
The first station in the US aimed ant the Gay/Bi/Lesbian community. MTV jumped on the bandwagon, and is trying to launch their own version(LOGO) in 2005.
Keep an eye on it. Currently at .005
Dump your stocks? Never! Get in off the bounce, get out as soon as possible. Never become emotionally attached to a stock. Do you due dilligence. Buy on rumor, sell on news. That's the only way to make money in stocks. And those investment gurus on infomercials are all scam-artists: STAY AWAY!
BTW, I also invest in silver eagles( Gotta play it safe, hehe)