Posted on 03/13/2015 12:21:57 PM PDT by Mariner
Gold pared early gains on Friday, on track to break a nine-day streak lower despite the dollar's extended rally as the precious metal market appeared reluctant to extend losses ahead of the U.S. Federal Reserve meeting next week.
Spot gold traded above $1,154 an ounce in technically oversold territory on the 14-day relative strength index at 25.6.
(Excerpt) Read more at cnbc.com ...
In the bank, under the mattress...cash.
Buy as much cash as you can afford.
Gold will be under $1,000 by the end of the summer and likely under $800 by the end of the year.
Any commodity you're holding, buy cash with it.
Think you might want to sell you home in the next couple of years? DO NOT WAIT. DO IT NOW.
Maybe Blam remembers.
Gamble with your own money and I’ll manage mine TY.
In my view you’re probly about correct with one exception. Use some of your cash to own quality guns. Guns always keep up with inflation and never drop in a down turn. And besides-—you might actually need one before the next two years are over.
It’s cheaper to just buy reams of paper and green ink, which is where the dollar is headed.
Why cash? Do you think there's going to be deflation in the price of necessities?
Something very bad is afoot.
Everything was manipulated to a highs, some bubbles are about to burst.
ISIS is still going after oil, even though that has more or less collapsed. What do they know that we don’t?
Who is buying that oil? Europe, China, Asia?
There is going to be a break in the ‘global economy’ and a splitting of economies. When that happens...and it will if islam continues down its chosen path, the whole global economy will collapse.
keep in mind that if the US stops buying from China,
their economy would collapse in two seconds.
something similar, if the rest-of-the-world
has a major depression
...................-—>...................
the metals market would be in big trouble
without China.
.............
with that said, (the last time I looked,
several months ago)
I think platinum is a steal if it is the
same price as gold
Why is this front page news? Gold has been shredded this week, not surprisingly
My silver is worth about half of what I paid for it. But it’s still worth what I paid for it as long as I don’t sell it.
As for cash, if the SHTF I doubt cash will be worth much after a few days.
Sorry, no.
Inflation in necessities (except oil).
Deflation in Assets.
Of course.
I wouldn't have it otherwise.
I sure wish I had back every buck I wasted on a bad call. Don't want to carry that burden for others.
What I've been doing is paying things forward...to create a situation where what I have to purchase if there's an emergency is at a minimum.
That could be bank deposits, under the mattress...or even T-bills.
But invest only after all necessities are taken care of.
From what I've read, the price of silver is really low, and it's manipulated that way by the government and big banks. Silver eagles both last year and this are wildly popular purchases, to the point where they're using more silver than is being mined in the US. Supplies of even cull condition 90% silver US coins are quickly being bought up. As with gold, there's speculation that not all of the silver "in safekeeping" really exists. Silver has many uses besides being used to store value.
I would think that if the economic bubble bursts having some easily identifiable silver...90% silver coins, Silver Eagles, and/or easily identifiable bullion from an established mint would be real easy to trade for cash or in barter. With the low price of silver now, there doesn't seem to be much downside risk.
Please, correct me where my thought process has gone astray.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.