Please. Sell your Gold NOW! It's a trap.

reply to post by galdur


I agree. It seems we are looking at deflation instead of inflation. If BBernanke didn't step in when he did I fear we would be much worse off.

This is a headline driven market we are in currently. I say the best plays now are no plays. To each their own. I still wouldn't fight the prevailing trend of gold though.

Originally posted by FriendlyGopher
Although you do have a point with your "buy land" remark let me tell you the truth....

The only reason Georgy sold his "paper" gold is to buy THE REAL DEAL!!!

This is just another scam to influence the price, in reality I think this is already done 1000s years ago and just repeated in a different scenario.

Gold like paper is only has worth because humans put worth on it. Really switching from paper only to gold will not do much in the scope of things, and gold is really not needed no more other then its scope in production of products needed which is basically saying supply and demand. So if anything they are trying to hype it up because soon the masses will learn that it really is not that valuable, so there trying to get as much $$$ for it as they can.

So yup its another bubble in fact there all bubbles, and the more people believe in it the bigger it is, and the bigger the pop will be when it bursts, and the cheaper they can buy it back when the bubble bursts. And rinse and repeat with anything else the people find worth in. You see sometimes you don't have to wait for demand for something to be worth anything, with a little magic and lots of propaganda you can make up the demand for it even if the people have no demand for it.

reply to post by sbctinfantry


Ya that song says it all and needs to be watched a second time...It's evolution baby.

.

reply to post by sbctinfantry


There is no bubble to gold, thats why its so valuable.
this is a fear monger post ,and you aperantly know nothing of history and the planet.

THERE IS NO GOLD BUBBLE!, gold never decreases,
Only if you beleve in paper currency and numbers on a computer screen, then will you want to listen to this guy,
but if you know the history of the earth, then you would know , no matter what, gold wil be worht something, even if there where only two people on earth one of them will always value gold.
so dont listen to fear mongers and keep your gold, I swear when the SHTF you will be able to use it to trade and buy things.

so according to this thread, all of the suddden the one thing that has been of vaue since the dawn of time, will all the sudden become of no value? THINK ABOUT IT, really? come on . and I have some paper i just printed that says 1 billion dollars, does anyone have change?

reply to post by White Locust


Well, when you have a debt driven economy you absolutely don´t want to see falling asset and collateral prices. That´s obvious. Also you want to have an inflationary state of mind because this causes people to go out and buy in anticipation of higher prices ahead. That´s how chain letter schemes are maintained.

On the other hand it is possible that the public is finally on to this scam. Maybe it is delaying purchases in anticipation of lower prices ahead. It would seem a pretty natural eventual result of continuing collapsing asset bubbles. The stock market has after all plunged by 50% twice in the last ten years and housing has collapsed too.

reply to post by sbctinfantry


Worst advice ever. Gold rarely falls and when it does it still remains as valuable as our money so selling it is a terrible plan. It will always be valuable.

Although admittedly I rarely invest in gold and mostly invest in silver.

Originally posted by Deja`Vu
reply to post by sbctinfantry

 

I went to the Socionomics Institute conference and hung around some of the brightest minds months back. During my time there, I found out that there seems to be an interest in controlling social mood and monitoring emotions to predict behaviors. They can predict outcomes with over a 90% accuracy rate.

To validate your post, members of the elite that I met are all selling off there gold and purchasing massive devalued real-estate and other resources. They have plans on purchasing Gold and Silver but only after the crash.

Currently many of them are shorting various aspects of the market.

There were a couple of threads around here about bush buying up land in Paraguay and not only that but there just luckily happens to be an underwater reservoir/lake of fresh water under the land he/they bought.

Gee who would of thunk it.

One of the rules for this game is he who gets people to buy gets to set the price when buying it back. Maybe you all should invest yourselves in some fresh water reservoirs. After all when you own the land and everything on it and in it, then all that would be required will be the workers, and they are everywhere with there fancy paper and shiny gold, just looking for the next big thing to invest in, that will make them one of the rich.

Keep them running around and guessing while you set the price and rules, is the name of the game.

The stock market is a set up and gold is a setup. Buy low, sell high, and repeat. Those in the middle or the end of the sell off get screwed. When gold falls, it will fall rapidly. Glen Beck says it will get to 2,500 oz. and it could but when it drops a lot of people will be stuck and it is hard to say when that happens. Right now the day traders are having a field day with the market fluctuations.

reply to post by superjesse13132000


Technically it´s a bubble no doubt but that doesn´t mean that it won´t become even more of a bubble. A huge correction is likely though, sooner or later.

The problem I have with gold is that is practically useless.There is some industrial usage which maybe could justify a price of a couple hundred bucks as well as jewelry work.That´s about it.

Originally posted by superjesse13132000
reply to post by sbctinfantry

 

There is no bubble to gold, thats why its so valuable.
this is a fear monger post ,and you aperantly know nothing of history and the planet.

THERE IS NO GOLD BUBBLE!, gold never decreases,
Only if you beleve in paper currency and numbers on a computer screen, then will you want to listen to this guy,
but if you know the history of the earth, then you would know , no matter what, gold wil be worht something, even if there where only two people on earth one of them will always value gold.
so dont listen to fear mongers and keep your gold, I swear when the SHTF you will be able to use it to trade and buy things.

so according to this thread, all of the suddden the one thing that has been of vaue since the dawn of time, will all the sudden become of no value? THINK ABOUT IT, really? come on . and I have some paper i just printed that says 1 billion dollars, does anyone have change?

You keep stocking up on gold then, but if S ever did HTF like everyone keeps proclaiming, that gold wouldn't be worth it's weight in pennies. Food, water, oil, ammo, and necessities to live by will be the commodities traded. During a government collapses, nuclear war, zombie apocalypse, or whatever SHtF scenario, nobody in their right mind is going to trade their food for a hunk of metal.

But as long as some economies in the world survive, gold will be of some value to people somewhere, I suppose.

reply to post by sbctinfantry


Absolutaly sell now and if you all comence right away; the value will drop or nobody will buy. So be sure to be part of thowe that sold and then when it stabalizes; buy and you then will have made and just wait then for it to rise again. I know nothing about market but this is certain to me.

Originally posted by hawkiye
OP has no clue what he is talking about. Gold and silver have always retained thier value (purchasing power) through out history. When the dollar collapses gold and silver WILL be the currency. In Zimbabwe people are digging and panning all day for a gram or two of gold just to eat...

Ah but there not doing that because they want to, there doing it because there under a parasitic system, and there info-structure was crushed long ago, thus making them slaves to those above them who know that gold is worthless but in the minds of those who believe in its worth. Why you ask? Because they cant set there own price for gold, but have to pander to those above them and there price.

And those above them like to keep them running in circles.

And so they have no choice but to be always in dept or like you said digging and working for others who get to set the standard of worth. And that's why crushing there infrastructure and means of survival is key and always the main goal of any take over or conquering that is going to be happening.

Its all about control and you being able to set a price for things, and offcourse making the rules.

And so there sitting on a gold mine "literally" and yet are dirt poor and starving to death.

The United States is a very highly socialized country.

A whopping 62% of federal spending goes to social security, income propping etc.

Any SHTF scenario seems very unlikely.

reply to post by whathasitcome2


I'm sure it will go back to it's usual low.

i don't know, but this could be something to do with it...

chavez is pulling his gold out of america and england....

Both parts of the US one-party political system have actively for decades worked on implementing a system of socialism in the United States and here is the result

[atsimg]http://files.abovetopsecret.com/images/member/23ba921bd265.gif[/atsimg]

The Dollar is the worst thing to hold now, thats the big bubble. Real estate gives cash strapped counties a licence to tax the crap out of You, not to mention greedy HOA fees. I would keep the Gold if I had it. Selling is just a trade down to the dollar.

So you see, probably half or more of the populace are to a great deal dependent upon the state.

In such a system any Mad Max situations are highly unlikely. The system has its own money printing press and can pay anything and feed anybody for as long as it takes if needed.

reply to post by jondave


In a deflationary environment a weak currency is actually strength. It helps you dump your deflation on others.

Wow you just don't get economics and fiat currencies. I guess a 1 oz which in roman times bought 1 nice toga, a handcrafted leather belt and a pair of sandals, and today a 1 oz gold which can buy 1 nice suit, a leather belt and a pair of shoes is just the next bubble.

God I really can't abide keynesians. They live in a fantasy universe of make believe.