Now might be the time to get into gold

[suzannegoh]

I’m going all-in on gold because all the smart people have been calling me "sheeple", and every time I say that I’m not interested they send me links to Economic Collapse blogs that prove that I’m wrong.

[kblaze]

Gold is a great investment. Banks do manipulate the gold rates and they suppress these rates artificially low. This way, investors will want to invest with the banks and not in gold. The banks spends billions each month suppressing these rates.

Banks also manipulate the FX, bond, and other markets. As these bubbles burst, investors will look to invest in other alternatives, like gold.

China, India, and Russia are all buying gold now and moving away from the US dollar. When the world economy suffers, investors turn to the US dollar for security. This is happening today. However, the US dollar is losing its status as the global reserve currency.

When the US dollar weakens and future bubbles and crises happen in the future, gold will see a large increase in value. The trillion dollar questions are:

1. What will trigger the next economic crisis

2. When will this happen?

Some investors think the bond market or PE market in Japan will be the next trigger. This is speculation.

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

This is the guy to listen to folks, got the right user name, picture screams "Wall Street", and his advice...well I guess I'll call it golden

[Naam]

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

i've put gold where my mouth is. altogether 123 grams. the chaps in the crematorium will be quite happy when they sift through my remains.

[SinCityGr8One]

I see Peter Schiff has some converts on this page, poor deluded fools. Who in hell tries to catch a falling knife, wait for it to hit the floor and pick it up!

$1,600 looked nice, so did $1,400. $1,200 looks like a bargain, a grand will look like a steal.

And at $800.00, SELL......SELL.......SELL..........!

[swissie]

The markets are rigged. When the US$ crashes in a few months you will wish you had physical gold in your hand...there is a very good reason why Ukraine/Germanys'Fort Knoxs gold is missing.

The clock is ticking on fiat currencies and physical gold is your only choice under a new world order.

If things ever get this bad as a new "World Order" will engulf the world - Gold will not save the day for you as Gold has one major disadvantage: No matter how long you boil it in hot water, it's still not fit for human consumption.

In a truly global "melt-down", the only investment of any importance would be large amounts of canned food stored in your basement plus plenty of drinking water. With any surplus food one could truly accumulate Gold when the "exchange-rate" would be = 2 cans of corn beef equal the price of 1 kg of Gold. Otherwise it's "enjoy your (Gold) meal."

BTW: The first time I heard that "the Dollar will collapse next year" was in 1968.

Cheers.

I guess you must have missed out on the several collapses the dollar experienced since that day.

Never witnessed a "collapse" of the Dollar. Only a gradual depreciation starting around 1945. As long as the world trade is (still) based on the USD, it is not possible for the Dollar to "collapse". We need a medium of exchange in form of paper. The Dollar is still the best "paper" around.

Otherwise the Air-Cargo Airlines would have a field day by hauling tons of Gold (currency) around the globe to enable any sort of business transaction and pay for their fuel in form of Gold??????????????

Cheers.

[falkan]

wouldn't surprise me if hit 13 or even 14 next week

[Anthony5]

wouldn't surprise me if hit 13 or even 14 next week

Wouldn't also surprise if it was lower.

You were lucky that it went up since your previous post, but you the lack of response to a request to explain your reasoning, makes it obvious that you're only gambling with your comments and nothing more.

[SinCityGr8One]

The so-called London fixings in gold, silver, platinum and palladium are not conspiracies but actual auction markets. The mechanism of the fixings is to find by successive trials the single price for spot (that is, physical for 2-day settlement) at which all orders of buyers and all orders of sellers (primarily bullion dealers and their largest customers) are matched and balanced. The single fixing prices of each metal are used as benchmarks for pricing metals contracts between dealers, mining companies, refineries and fabricators throughout the world.

Gold is fixed twice daily starting at 10:30am and 3pm London time by the five members of the London Gold Market Fixing, who act as brokers for their customers. Silver is fixed daily at noon by the three members of the London Silver Market Fixing.

Platinum and palladium are fixed daily at 9:45am and 2pm by the four fixing members of the London Platinum & Palladium Market.

The price of Gold can be manipulated just like any other commodity behind closed doors. The only one who truly gains is the traders and assayers.

Did everyone forget the LIBOR scandal? It was a series of fraudulent actions connected to the LIBOR (London Interbank Offered Rate) and also the resulting investigation and reaction. The LIBOR is an average interest rate calculated through submissions of interest rates by major banks in London. The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. LIBOR underpins approximately $350 Trillion in derivatives, which will eventually Bankrupt the ENTIRE Global Economy. The LIBOR is now administered by the NYSE Euronext, which took over running the LIBOR in January 2014. However, that only changes the location of the 3 Card Monti game and does not guarantee any increased safety.

If investing in Gold was that Great and Safe, the Voters in Switzerland would have passed their recent referendum overwhelmingly, however they realized the risks involved and trounced down the referendum.

I'll Pass.

allow me to comment on your last paragraph about the swiss referendum:

in my opinion, the referendum was not shot down because holding gold is a good or bad investment. it's rather the stipulations in the referendum, which the voters did not agree, mainly:

1. the referendum stipulated that the snb(swiss national bank) has to hold at least 20% of their assets in gold.

now, for the last few years, the snb had to support the exchange rate of the swiss fr. against the euro, resulting in a massively inflated balance sheet. the snb is now sitting on i don't know how many billions of euros.

if this referendum would have passed, the snb would have to have bought another ca. 1500 tons of gold, more than doubling their current reserves, which are already the 8th highest in the world. according to wikipedia, they would end up then right behind the IMF and become no. 4 on the list worldwide.

2. the real kicker however -again in my own opinion- was the stipulation that all that gold which the national bank then holds, cannot be sold for all eternity. this idea alone plus the fact that such a stipulation is massivley obstructing the freedom of action of the national bank, is, what finally sent it downhill, and rightly so.

Thanks for the follow up Posting regarding the Swiss referendum. I thought I would just end my posting where I did as I did not want to write too much and have any Member dozing half way through reading it. You where Spot on however, on the ramifications that the Swiss would have faced if the measure past. Good Info! Thanks!

[SheungWan]

Yes but in 1963 Greece, Argentina, Venezuela, Ireland,Russia and Ukraine were not on the verge of Bankruptcy and a themo nuclear WW3 was not looming. Not to mention the attack on the petrol dollar by Brics nations mainly Russia and China.

Yes i agree with your comment about not been able to eat gold...but lets just say if finding food was not an issue i would want gold as to hold my wealth. This year i see WW3 causing the collapse of the dollar. Its no secret the globalists want a socialist one world government/bank/military and also they need a new currency..The new currency will be called either the Phoenix or the Amero.

The secretive global banking cabal that runs the world economy has big plans for this year. Dont say i didnt warn you.

'So let's just say' a thermonuclear war was looming and 'let's just say' that finding food was not at the same going to be an issue, would if I told you this in an expat bar in Thailand have you nervously edging towards the exit anxiously asking the staff for your 'checkbin'? Don't say I'm not warning you. Oh and another thing, would you like to hear about the secret cabals? They're here you know......

[falkan]

wouldn't surprise me if hit 13 or even 14 next week

Wouldn't also surprise if it was lower.

You were lucky that it went up since your previous post, but you the lack of response to a request to explain your reasoning, makes it obvious that you're only gambling with your comments and nothing more.

Seems like someone is bitter because they don't know the market that well, but just for you if you wants some financial advice sure i could give you a discount, nothing is free old man..

[12DrinkMore]

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

i've put gold where my mouth is. altogether 123 grams. the chaps in the crematorium will be quite happy when they sift through my remains.

Really?

That is over four ounces!!!

Guess it gives the facial muscles a bit of a work out.

[Anthony5]

wouldn't surprise me if hit 13 or even 14 next week

Wouldn't also surprise if it was lower.

You were lucky that it went up since your previous post, but you the lack of response to a request to explain your reasoning, makes it obvious that you're only gambling with your comments and nothing more.

Seems like someone is bitter because they don't know the market that well, but just for you if you wants some financial advice sure i could give you a discount, nothing is free old man..

Lets wait and see, and talk again by the end of next week, to know if your prediction comes out or not.

[KiwiKarlos]

http://www.bloomberg.com/news/2015-01-15/new-zealand-currency-broker-closes-on-losses-after-swiss-shock.html

Did anyone else notice what just happened?...get your house and finances in order because from my perspective this house of cards is about to come crashing down. There is a full scale currency war going on between the western bankers and Russia and China if you guys want to keep your money in fiat currencies and the stock market then fine..time will tell.

Yes the NWO order have been taking their time over the last 50-70 years..in fact the Protocols of Zion are 120 years old but it seems they are not far from check mate.

Edited January 18, 2015 by KiwiKarlos

[Naam]

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

i've put gold where my mouth is. altogether 123 grams. the chaps in the crematorium will be quite happy when they sift through my remains.

Really?

That is over four ounces!!!

Guess it gives the facial muscles a bit of a work out.

not at all even though all was done in one go.

[Naam]

http://www.bloomberg.com/news/2015-01-15/new-zealand-currency-broker-closes-on-losses-after-swiss-shock.html

Did anyone else notice what just happened?...get your house and finances in order because from my perspective this house of cards is about to come crashing down. There is a full scale currency war going on between the western bankers and Russia and China if you guys want to keep your money in fiat currencies and the stock market then fine..time will tell.

Yes the NWO order have been taking their time over the last 50-70 years..in fact the Protocols of Zion are 120 years old but it seems they are not far from check mate.

please tell us more about the "New World Oder" currencies Phoenix and Amero and what effect they will have on som tam, bar fines and beer in Thailand

[gk10002000]

I see the recent drop in oil and commodities as an opportunity to buy. I invest for dividends and interest and of course equities that are at a decent price. I have been fortunate to have the funds available when prices were good. I just added a lot of British Petroleum. Not just because of the price pull back but because I think the dividend is quite good right now and will stay decent even if it is reduced a bit. As for commodities, I don't like just buying and holding. I prefer my money to return a little bit while I have it tied up. I am about to pull the trigger on Freeport FCX. They have a range of ores they gather and the company pays a very good dividend. Of course, don't put all you eggs in one basket and you should look at some other sectors also. Pharmaceuticals recently had a pretty good pull back and I picked up a lot of Glaxo, GSK. Pushed my yearly investment income to over 40K USD now. So Thailand retirement is within reach, and this is not even counting my Social Security.

[Anthony5]

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

i've put gold where my mouth is. altogether 123 grams. the chaps in the crematorium will be quite happy when they sift through my remains.

Really?

That is over four ounces!!!

Guess it gives the facial muscles a bit of a work out.

not at all even though all was done in one go.

I think 123 gram would involve a complete denture in gold. A upper and lower denture in plastic with porcelain teeth normally weighs about 30 gram all together.

Is this you Naam ?

[gk10002000]

Gold has always been a sound investment. Buy it when its cheap and sell it when the price goes up, better than any interest you will get from a bank.

One thing makes "buy low & sell high harder" than it sounds is that gold's peaks tend to be very short and its "buying opportunities" lengthy. I don't think that I've ever met a goldbug who sold at $1900.

About 10 years ago I had some cash on hand and bought 10 Canadian maple leafs from this store in Los Angeles CA. Maple leafs are almost pure gold. Cost me like 4300 as I recall as gold was ag about 430/oz. gold started its rise and over the next few years I sold a few coins here and there. The last two coins I sold at 1200. Not a big killing, and more just plain luck and timing. But it was an experience. One heck of an interesting store to visit. You could buy gold, silver, bullion, all sorts of coins Kregurands, maple leafs, etc. They charged a nominal and fairly small fee just above the spot price for the day, and bought back anything on the spot. One of my coins had even gotten dented because I had it in my wallet and being .9999 gold it is actually pretty soft and once when I sat down, the coin and my spare car key got pressed together. Really was neat though holding one of those maple leafs. So heavy

[falkan]

wouldn't surprise me if hit 13 or even 14 next week

Wouldn't also surprise if it was lower.

You were lucky that it went up since your previous post, but you the lack of response to a request to explain your reasoning, makes it obvious that you're only gambling with your comments and nothing more.

Seems like someone is bitter because they don't know the market that well, but just for you if you wants some financial advice sure i could give you a discount, nothing is free old man..

Lets wait and see, and talk again by the end of next week, to know if your prediction comes out or not.

1,294.75 and only wednesday, but tomorrow will dedicate where gold is going

[Naam]

1,301.60

[Anthony5]

1,294.75 and only wednesday, but tomorrow will dedicate where gold is going

Which special event is scheduled for Thursday 22 January?

Ok got it already Thursday, 22 January 2015 Monetary policy meeting followed by press conference ECB.

Edited January 21, 2015 by Anthony5

[midas]

Gold is a great investment. Banks do manipulate the gold rates and they suppress these rates artificially low. This way, investors will want to invest with the banks and not in gold. The banks spends billions each month suppressing these rates.

Banks also manipulate the FX, bond, and other markets. As these bubbles burst, investors will look to invest in other alternatives, like gold.

China, India, and Russia are all buying gold now and moving away from the US dollar. When the world economy suffers, investors turn to the US dollar for security. This is happening today. However, the US dollar is losing its status as the global reserve currency.

When the US dollar weakens and future bubbles and crises happen in the future, gold will see a large increase in value. The trillion dollar questions are:

1. What will trigger the next economic crisis

2. When will this happen?

Some investors think the bond market or PE market in Japan will be the next trigger. This is speculation.

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

The trillion dollar question is why those without any understanding of economics continue to talk twaddle until the cows come home.

And exactly how much do you know?

A few weeks ago in this forum you said Thai gold was selling for 1200 Baht

Edited January 21, 2015 by midas

[falkan]

1,294.75 and only wednesday, but tomorrow will dedicate where gold is going

Which special event is scheduled for Thursday 22 January?

Ok got it already Thursday, 22 January 2015 Monetary policy meeting followed by press conference ECB.

Don't be bitter old man because my gold prediction turned out right again, And tomorrow, well ask your financial advisor what's going on tomorrow and you could predict what's going to happen to gold in this coming months

[Anthony5]

1,294.75 and only wednesday, but tomorrow will dedicate where gold is going

Which special event is scheduled for Thursday 22 January?

Ok got it already Thursday, 22 January 2015 Monetary policy meeting followed by press conference ECB.

Don't be bitter old man because my gold prediction turned out right again, And tomorrow, well ask your financial advisor what's going on tomorrow and you could predict what's going to happen to gold in this coming months

You're really so full of yourself that you're too blinded to see that I edited my post because I know the event already?

[InvestingIsMyLife]

Gold is a great investment. Banks do manipulate the gold rates and they suppress these rates artificially low. This way, investors will want to invest with the banks and not in gold. The banks spends billions each month suppressing these rates.

Banks also manipulate the FX, bond, and other markets. As these bubbles burst, investors will look to invest in other alternatives, like gold.

China, India, and Russia are all buying gold now and moving away from the US dollar. When the world economy suffers, investors turn to the US dollar for security. This is happening today. However, the US dollar is losing its status as the global reserve currency.

When the US dollar weakens and future bubbles and crises happen in the future, gold will see a large increase in value. The trillion dollar questions are:

1. What will trigger the next economic crisis

2. When will this happen?

Some investors think the bond market or PE market in Japan will be the next trigger. This is speculation.

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

The trillion dollar question is why those without any understanding of economics continue to talk twaddle until the cows come home.

And exactly how much do you know?

A few weeks ago in this forum you said Thai gold was selling for 1200 Baht

How does one quantify exactly how much they know? Brilliant question.

"A few weeks ago in this forum you said Thai gold was selling for 1200 Baht " I did? Why don't you quote me on that if I said it? Trolling around on these forums and making up lies doesn't make you look intelligent. Quite the opposite actually. The laugh is on you.

[Anthony5]

Gold is a great investment. Banks do manipulate the gold rates and they suppress these rates artificially low. This way, investors will want to invest with the banks and not in gold. The banks spends billions each month suppressing these rates.

Banks also manipulate the FX, bond, and other markets. As these bubbles burst, investors will look to invest in other alternatives, like gold.

China, India, and Russia are all buying gold now and moving away from the US dollar. When the world economy suffers, investors turn to the US dollar for security. This is happening today. However, the US dollar is losing its status as the global reserve currency.

When the US dollar weakens and future bubbles and crises happen in the future, gold will see a large increase in value. The trillion dollar questions are:

1. What will trigger the next economic crisis

2. When will this happen?

Some investors think the bond market or PE market in Japan will be the next trigger. This is speculation.

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

The trillion dollar question is why those without any understanding of economics continue to talk twaddle until the cows come home.

And exactly how much do you know?

A few weeks ago in this forum you said Thai gold was selling for 1200 Baht

How does one quantify exactly how much they know? Brilliant question.

"A few weeks ago in this forum you said Thai gold was selling for 1200 Baht " I did? Why don't you quote me on that if I said it? Trolling around on these forums and making up lies doesn't make you look intelligent. Quite the opposite actually. The laugh is on you.

Improving your reading capabilities would have made it unnecessary to slag off Midas for saying things that clearly weren't directed at you.

[midas]

Gold is a great investment. Banks do manipulate the gold rates and they suppress these rates artificially low. This way, investors will want to invest with the banks and not in gold. The banks spends billions each month suppressing these rates.

Banks also manipulate the FX, bond, and other markets. As these bubbles burst, investors will look to invest in other alternatives, like gold.

China, India, and Russia are all buying gold now and moving away from the US dollar. When the world economy suffers, investors turn to the US dollar for security. This is happening today. However, the US dollar is losing its status as the global reserve currency.

When the US dollar weakens and future bubbles and crises happen in the future, gold will see a large increase in value. The trillion dollar questions are:

1. What will trigger the next economic crisis

2. When will this happen?

Some investors think the bond market or PE market in Japan will be the next trigger. This is speculation.

To answer your question, yes you should buy gold. It's a precious commodity and will increase in value in the future. The question you need to ask yourself is where are you going to store it?

The trillion dollar question is why those without any understanding of economics continue to talk twaddle until the cows come home.

And exactly how much do you know?

A few weeks ago in this forum you said Thai gold was selling for 1200 Baht

How does one quantify exactly how much they know? Brilliant question.

"A few weeks ago in this forum you said Thai gold was selling for 1200 Baht " I did? Why don't you quote me on that if I said it? Trolling around on these forums and making up lies doesn't make you look intelligent. Quite the opposite actually. The laugh is on you.

Are you SheungWan?

I actually agree with the points you wrote and it was the troll SW that I was reminding not to incessantly attack other posters when he can't even get the price right

[nelson bunker]

Draghi :

'Combined monthly asset purchases to amount to €60 billion.
Purchases intended to be carried out until at least September 2016.'

1303 USD per troy ounce.

Edited January 22, 2015 by nelson bunker

[paddyjenkins]

Draghi :

'Combined monthly asset purchases to amount to €60 billion.

Purchases intended to be carried out until at least September 2016.'

1303 USD per troy ounce.

Its open ended

[Anthony5]

wouldn't surprise me if hit 13 or even 14 next week

Wouldn't also surprise if it was lower.

You were lucky that it went up since your previous post, but you the lack of response to a request to explain your reasoning, makes it obvious that you're only gambling with your comments and nothing more.

Seems like someone is bitter because they don't know the market that well, but just for you if you wants some financial advice sure i could give you a discount, nothing is free old man..

Well, it ain't over before the fat lady sang, isn't it?