Gold is a popular subject for get rich quick scheme sellers, economic doom and gloom fearmongers, and political hacks to use. Armstrong is all of these and then some.
Comments, questions, informed critiques, angry ranting and raving?
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More information at Martin Armstrong Socrates Scam.
I generally don’t think of gold as an investment. It is more of a retainer of wealth. You start out with a pound of gold and years later it is still a pound. You can pretty much buy whatever you could buy with it before. Nothing beats that cool golden ring of a Kugarand however. Sounds as beautiful as it looks.
You can’t eat gold. Well, I guess you can drink some flakes.
When something is advertised on conservative talk radio shows it is generally a scam. Gold IFAs, IRS debt forgiveness, etc. Has ANYONE ever heard an ad saying, “NOW is a great time to sell gold.”
If you do not get physical control of a precious metal all you have is a piece of paper worth less than a Zimbabwe trillion dollar bill.
“How not to be a victim of gold scams.”
Be under 50…
I look at my own investments, including gold and silver. My long term gold holdings have had a compound annual growth rate of 3.5% over a ten year run. Silver hasn’t kept up, with a .51% CAGR during the same period.
Gold is not going to make you rich. But it generally keeps up with inflation over time. Silver is crap.
Lookout when the Iraqi Dinar exchange flip hits!
(I know people who have held on to this hopium for way too long!)
all these BUY GOLD NOW ads all show MINTED coins, and maybe some ingots.
These minted coins, not design imprinted ‘rounds or bars’ are assayed and given a rating by one of many clearing houses. Precious metal sales stores usually have A house they choose for rating metals. when these coins are sold later on, the shop will offer the SPOT PRICE OF THE METAL, NOT THE MINTING PRICE OF THE COIN.
alot of places offer ‘gold certificates’ ....use them as emergency toilet paper!!!
um... how about not EVER sending a wire and never giving financial information of any kind to anyone who initiated the conversation with you?
Is it really that hard?
bfl
bfl
That guy is a first class crook and currently on Putin’s payroll!
Great research!!!
Ask this simple question. They claim money is becoming worthless and you need to buy GOLD from them! If Gold is such a good bargain why are those with GOLD willing to sell it for worthless dollars?
A lot of people are buying Bitcoin instead of gold. At one time you could buy a Bitcoin for a dime. Now it is priced at $47K!
A lot of people are buying Bitcoin instead of gold. At one time you could buy a Bitcoin for a dime. Now it is priced at $47K!
Mookbark for tomorrow.