Current time: 10-25-2014, 07:25 PM
Hello There, Guest!
(LoginRegister)


Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Gold as legal tender -- Seriously?
05-08-2011, 01:21 PM
Post: #21
RE: Gold as legal tender -- Seriously?
I hope it doesn't come to that, but I guess the best way to prepare for this is to save up a lot of gold/resources, and be as self reliant as possible.
Find all posts by this user
Quote this message in a reply
05-08-2011, 04:03 PM (This post was last modified: 05-10-2011 06:01 PM by freakin.)
Post: #22
RE: Gold as legal tender -- Seriously?
This clip is from 2009. But I find that it's still somewhat relevant to this discussion.
Find all posts by this user
Quote this message in a reply
05-09-2011, 10:43 PM (This post was last modified: 05-09-2011 10:43 PM by decredico.)
Post: #23
RE: Gold as legal tender -- Seriously?
Only two nations currently powerful enough to have Fiat currencies, USA and China.

A fiat currency is designed to spin.


Things today are not as bad as some people hope and claim.
Find all posts by this user
Quote this message in a reply
05-09-2011, 11:17 PM
Post: #24
RE: Gold as legal tender -- Seriously?
(05-08-2011 01:26 AM)robag Wrote:  Kubrick knew about this stuff too, hence his gold messages encoded in The Shining.

For example, are you referring to the scene in the Gold Room where Lloyd says "your money is not good here" to Jack?
Find all posts by this user
Quote this message in a reply
05-11-2011, 04:10 AM
Post: #25
RE: Gold as legal tender -- Seriously?
(05-09-2011 11:17 PM)Sinan Wrote:  
(05-08-2011 01:26 AM)robag Wrote:  Kubrick knew about this stuff too, hence his gold messages encoded in The Shining.

For example, are you referring to the scene in the Gold Room where Lloyd says "your money is not good here" to Jack?

Then Jack says, "hows my credit".
Find all posts by this user
Quote this message in a reply
05-13-2011, 01:30 PM
Post: #26
RE: Gold as legal tender -- Seriously?
(05-09-2011 11:17 PM)Sinan Wrote:  
(05-08-2011 01:26 AM)robag Wrote:  Kubrick knew about this stuff too, hence his gold messages encoded in The Shining.

For example, are you referring to the scene in the Gold Room where Lloyd says "your money is not good here" to Jack?

Yes. the gold room also doesn't exist in the present time (the overlook layout in relation to the gold room is impossible). I verified this in the overlook maps at the kubrick archives. Also in the film if you look closely at the gold room sign in the hight def DVD, it actually says the Cold Room. Why. Fort Knox has no gold. It hasn't been audited for decades despite public pressure.

In Vincent Lobrutto's biog on Kubrick it describes how he would update the Shining crew on the price of gold regularly. Every time the price dipped he would tell them with a megaphone "Gold has just dropped. Everybody, buy gold."
Find all posts by this user
Quote this message in a reply
08-20-2011, 12:20 AM (This post was last modified: 08-20-2011 09:00 AM by MKultra.)
Post: #27
RE: Gold as legal tender -- Seriously?
QFT

http://www.collativelearning.com/blogbre...ews/?p=194

[Image: au3650lf_ma.gif]

Gold up $200 in the last month (currently pushing $1,900 this morning) with the US S&P downgrade and Fed Reserve's perpetual "zero interest policy" till 2013.

http://georgewashington2.blogspot.com/20...-fiat.html

News from today:
http://www.zerohedge.com/news/chavez-pul...l-starting

Related:
http://www.marketwatch.com/story/hong-ko...2009-09-03
Find all posts by this user
Quote this message in a reply
08-24-2011, 01:50 AM
Post: #28
RE: Gold as legal tender -- Seriously?
My two year investment is now up almost 100%. Gold is the way forward for investors.
Find all posts by this user
Quote this message in a reply
08-24-2011, 09:40 AM (This post was last modified: 08-24-2011 01:12 PM by MKultra.)
Post: #29
RE: Gold as legal tender -- Seriously?
Fed Chairman Bernanke will be making an announcement later this week in regards to the possibility of QE3 (stimulus). The MSM is suggesting he will announce another around of stimulative money injections... (which immediately makes me skeptical)… since that would almost certainly send gold through the $2,000 mark, and potentially set off a panic-like rush to gold. It’s already shooting straight up to the moon as we speak in anticipation.

Although QE3 is very possible. I think what’s more likely is… Bernanke will insinuate that there will be no more stimulus in the short term. This may cause gold to drop in the short term back down to $1,600 or so. The media will shout from the rooftops, "gold is a bubble that has just popped!!" … and suggest that the average investor should dump their gold now while the price is still high.

However… don’t believe it… whether the Fed openly admits it or not…they are, (and will be), injecting new money into the economic pot to sustain the US economy. And gold will resume its steady climb upwards, (as it has after every short term dip in the chart above). There is no limit to how high gold can go (in dollars) because there is no limit to how low the dollar's value can fall through the FED’s money printing. If there is a short term correction, that may be the best buying opportunity the average investor sees in the foreseeable future.
Find all posts by this user
Quote this message in a reply
09-01-2011, 05:03 AM (This post was last modified: 09-01-2011 05:14 AM by MKultra.)
Post: #30
RE: Gold as legal tender -- Seriously?
(08-31-2011 02:40 PM)LEROYGARZA Wrote:  Hello I'm new here and mostly joined to ask a question. I am defiantly looking into investing in gold but I just don't know where to begin. Do I just buy Gold bullions?

First, if you are planning to buy gold/silver I would strongly suggest taking physical possession of it, rather than buying a paper contract for gold/silver that is supposedly sitting in a dealer’s vault somewhere. I believe there is far more paper contracts for gold/silver than actual bullion in existence. It’s entirely possible they may come a time when these contracts are “called in” and there isn’t enough physical gold to go around, (see the Hugo Chavez link a few posts back).

I would recommend sticking with either bullion or fairly common and well recognized gold/silver coins with high purity such as (US Liberty/Eagles, Canadian Maple Leafs, Krugerands, Austrian Philharmonics). These types of coins are widely accepted everywhere. Stay away from rare coins that have additional “historical/collectible” value unless you become well educated on those types.

With that said, there are numerous reputable gold dealers online that will send you the gold/silver in the mail (Kitco, APMEX, and Bullion Direct for example). However, there are extras fees for shipping and insurance to take physical possession, (which is ok if you planning on holding on to it for the medium to long term).

Perhaps the easiest and most economical way for someone to buy and take possession is to simply to go into local gold dealer’s shop. But go in armed with some basic info… specifically know what the day’s current gold/silver “spot price” is. This can be found by a simple internet search. (Today gold is about $1,825 oz). This can fluctuate $25-$75, or more, a day.

Ask the gold dealer what he sells his gold bullion/coins for…(typically they will say some dollar figure or percentage “over the spot price”). Bullion will tend to be a bit over the spot price (2-5%), coins slightly more. This is generally an industry standard… if the dealer is tries to sell you something far above the spot price…you can get suspicious and question him further. But most won’t try to rip you off. If you know the spot price, they will generally assume you’re not a fool. Gold dealers will always buy you gold back later (usually 1-3% over spot). That’s how they make their profit… buying gold 1-3% over spot, selling (2-5%+) over. However, many are experiencing shortages in supply since there are more buyers than sellers.

From your standpoint, there is nothing wrong with paying a bit over spot, since typical buyers plan on holding for the medium to long term with the expectation that gold may rise hundreds of dollars over the next few months/years. However, you just don’t want to get ripped off by paying too much over spot if you don’t have too. So its best just to check out a couple of local gold shops in the area and get a sense of their fees and pay what you feel comfortable with. Once you find a shop that you feel comfortable with its pretty easy to get to know the owner (usually the guy behind the counter) and get educated further.

Anyway, that’s my short and quick advice, others here may have better. But a little research goes along way.
Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)