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Originally posted by TDawgRex
reply to post by sbctinfantry
All precious metals that I have were willed/given to me. They are secure and accessible if need be.
I think I'll hang for the next ride.
I do think gold will plummet soon, but when it goes back up over the next ten years, it will double it's worth than current prices.
Edit: And I will bet you dollars to donuts that when the gold bubble bursts...Soros will be there snatching it up.
Disclaimer: I'm no expert on gold, silver & platinum nor involved in banking or financial planning and a simple barstool conspiracy theorist. I hold no gold, silver nor platinum group commodities. Hi guys, How's that economic recovery that the news has touted for the last year working out? In just one day "mainstream truth" as we know it has suffered a fatal blow. Be sure to ask those deniers around you how the economic recovery that they believed in is working out and remind them to hold on to this day along with all the brainwashing broadcasts they've soaked up the past year on the recovery. Tell them to dare to reflect on it for a whole minute without fiddling with their dumbphone. So what is the plan? Well gold is obviously in the platinum range now. This is a specific turning point, I believe, or a crossroads in the economic system. AN ESCAPE PLAN! Today the game is on equal footing where either us or them can come out on top. He who sells first likely wins. I would no longer hold gold. I believe the marketing machine on gold is about to go nuclear over the next month or two but think about it, WHO IS DOING THE SELLING IF SUPPLY IS NOT MEETING DEMAND? I believe the market makers are going to pump and dump gold now for another 5-15% upwards while dumping into the panicking dollar market -only to slide their gains into platinum just before the mega gold & silver crash. This is just my gut feeling on this as I cannot see any other rationale driving things forward on this course. Let's keep in mind that we have the world's best scam artists running the commodities markets and, no doubt, they will defend & hide their current scheme because they are FULLY EXPOSED to it. Tungsten bars plated in gold are no longer a secret either yet tungsten keeps going up despite a virtual ban on their #1 use -light bulbs (another story altogether). I think that whoever starts selling into this market now is going to ultimately win. If I had reserve gold or cash I would slide it over to platinum right now while I could and before the banks do it. I'm thinking they are well underway if the $1 trillion dollar platinum coin already discussed by the economic committees was a real consideration. If platinum is on par with gold why mention it? Do they $know$ that it is likely to hold value in the future where a gold coin would not? Think about it a minute. The dollar is going to fall further and more people are going to buy gold, no doubt, but don't get too damn greedy or you will surely lose it all like happens every other time. I'd cut my gold in half (at least) and split the other half into a basket of non gold, non silver commodities and platinum. Just a thought. In summary they are likely manipulating you to buy what they are dumping, backing their new profits with platinum group metals and setting the market on fire from a safe distance. Buyer beware.
Originally posted by ExPostFacto
reply to post by sbctinfantry
Gold stocks are worth nothing. Gold in your possession is valuable. I agree sell gold stocks and get rid of them and instead buy physical gold.
What is artificially raising the price of gold?
The dollar will lose almost all purchasing power, and no matter who you try to sell gold to, no one will buy. You won't be able to buy bread with it. You won't be able to pay your basic needs with it.
Originally posted by buddha
Then they just Take it off you.
and Make you work for them.
on your land!
Originally posted by Rockdisjoint
Yes the dollar will lose all of its value, that's why people are going to gold and silver. No one is buying gold to sell it for dollars at a later date, that would be stupid. As for gold not being money -- that just isn't true there are many ways to make purchases with gold.
People are buying gold and silver right now, because the dollar is losing it's value.
The fallacy is that gold / silver and other precious metals will not lose their value.
If you're in gold right now thinking it's worth the buy, get out. Sell it and buy something real, follow the banking cartel and buy something with tangible and historical value.
Whatever, enjoy the ride, I'm washing my hands of the ignorant who don't bother studying the info I have presented.