These pinheads that author these opinion pieces leave out important facts. Fact is they claimed gold would never exceed $1,000 ounce. It did. They claimed there is enough gold for every order: There isn’t. They claimed silver would never exceed $15 ounce: It did, and quickly. They claimed gold and silver would fall by 2007 after a meteoric rise in 2006: They didn’t. Then they claimed gold and silver would fall within the year 2008: They still haven’t.
Doesn’t seem any prediction by these hot air blowhards has come true.
“Buy Gold”
To heck with gold and silver. I just received an email that’s gonna make me rich:
I am Mr.Babel Atwood of South African Reserve Bank, Cape-Town Branch in South Africa. I will be happy to work this deal out with you if you have a corporate or personal Bank Account and if you are capable to keep this deal TOP SECRET.
I need strong assurance that you will never let me down, if I transfer this money to your account. Tell me more about yourself, while I look forward to hearing from you, I want to assure you that this business is risk free and you can send an empty account to receive the funds, provided that the account is capable to receive incoming funds.
Thank you for your time and attention.
Warmest regards,
Babel Atwood
If someone is buying precious metals for speculation, then they should be knowledgeable and have both eyes wide open. If you are an investor, best of luck and I hope you exceed your expectations!!
As for me, any time I try a gamble or investment, I tend to lose far more often than not. The most important piece of advice I’ve heard — and that I follow religiously — is to only risk money that you are completely willing to lose.
With that firmly in mind, I still do buy gold & silver in small quantities on a regular basis. Not as an investment in the usual sense of the word, but merely to stash away as an “if all else fails” nest egg that the govt can’t so easily get it’s hands on. I do believe that it will always hold *some* value (small or large) even in a post SHTF society, mainly because it’s easier to carry gold & silver coins than a cow, goat or bushels of peas.
So I’ll stop once I have as much as I can easily carry in an ammo can or thereabouts. I sincerely hope I never actually need to use it, but perhaps my following generations might put it to good use. Or maybe they will waste it. Who knows? But by then, I’ll most likely be long gone and in a far better place!
With gasoline at $4 per gallon, that means that one could purchase three and a half gallons of gas for "one dollar" in silver coins.
When I bought my first car in 1964 I remember buying gas for around 25 to 30 cents per gallon. Oh, look, the same silver that would buy gas fifty years ago will buy that same amount of gas today.
If you have to decide whether to hold paper dollars or silver coins, the decision is not that hard to make.
Did the silver change in value? Not so much. Did the dollar change in value? Yes, by a factor of around fourteen.