The "Buy Gold" Sales Pitches...

Me, Myself & I | Maclogo

[maclogo]

Many gold companies use this ending line in their advertisements: "Gold has Never been worth Zero."

Is that really the best ending sales pitch they could come up with?

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[Redhd2]

So if I buy $1000.00 worth of Gold, I'm guaranteed it will never lose more than $999.99. That's Very comforting. lol.

I guess it would be in comparison to paper which can hit zero. Then the .01¢ of gold would be very valuable.

[Misterioso]

Lead will be worth more than gold; if things get that bad.

False. lead will never be as scarce as gold.

[SkyDancer]

I’ll bet we’d go to what you say ...bullets for bread .... wonder what one 30-30 round would get me ....

[pfflier]

At that point one round of ammunition would be the best value.

[SampleMan]

the time to buy was a few years ago...or even a few months ago...too high now.

Unless it goes to $2000.

[tired1]

I carry a 100,000 ruble note (circa 1996) to show people what can happen to a currency gone crazy. At that time it was worth about $20 US.

Five years prior 100 rubles/month was a decent pensioner’s payment. In 1996, 100 rubles was the price of a plastic bag in a grocery store in Moscow.

[Zman516]

I’ve wondered about that stupid statement too. Gold can certainly be worth a lot less than what you paid for it.

That very thing happened to a friend of mine back in the ‘70’s when the “buy gold Krugerrands” thing was the rage.
He sunk every spare cent he had into them, as it turned out, right at the peak value. Shortly after, the price of gold started dropping and he ended up losing a bunch.

I wonder why all these brokers owning gold “skyrocketing in value” are so eager to sell it for US Dollars “plummeting in value”. Why don’t they hang onto their gold?

[atomic_dog]

wonder what one 30-30 round would get me

You'd probably be better off "investing" your 30-30 round. Kill a deer and make jerky and trade the jerky.

[SkyDancer]

Don’t think my apartment owner would care for me to dress out a deer in the shower ...LOL

[wastoute]

The gold I have seen has US stamped on it. I assume it come from the treasury's supply. So our gummint is selling gold, I presume to raise cash which it desperately needs. There may be some reason to have some of the gummint's gold instead of their paper money.

Μολὼν λάβε

[hinckley buzzard]

It’s really a sad state when a company thinks more of their Customers are Gullible, than Not.

All marketers assume their target audience people are gullible. And to a great extent they are right. If they were wrong, there would be no such business as marketing.

[hinckley buzzard]

He sunk every spare cent he had into them, as it turned out, right at the peak value. Shortly after, the price of gold started dropping and he ended up losing a bunch

Buy high sell low, eh? Great strategy. Bet it works for real estate too. Have to remember that.

[OldMissileer]

At that point one round of ammunition would be the best value.

Chamber that round and you will be amazed at how much stuff you can get for free (I'm just kidding! I'm in a "bad joke" mood today)!

[taillightchaser]

I don’t trust any outfit that advertises as much as these folks do. Any company that blows as much of it’s cash on advertising as these do is suspect to me. Geico comes to mind—they are everywhere.

[sten]

maybe... factor in the devalued dollar due to the printing of an extra $1 trillion... and the $700 last spring compared to $1000 now seems a bit low.

tack onto that the sudden drop of commercial loans (wait until next month) and the realization that 50% of home loans cannot be foreclosed on... and its about to get very ugly.

oh, and that’s before you add the bonus of reduced wages due to higher taxes and inflation.

i’ll take gold any day over that cute thing that use to be called the dollar (just call it $0.05 now)

[snippy_about_it]

I passed by a restaurant not too long ago that appears out of business. The marque outside said “Come on in, we’ve got killer seafood”. I thought perhaps that’s why they are no longer in business.

[SkyPilot]

My post from this weekend on another thread:

http://www.freerepublic.com/focus/news/2348718/posts?page=19#19

If you own a piece of paper that says you "own" gold, good luck with that if things go south or the government decides it won't let you have it. Believe me, they can do it.

The only way to "own" gold is to have physical possession of it.

[Tucson_AZ]

I’ll take gold any day over that cute thing that use to be called the dollar (just call it $0.05 now).

In case anyone doubts, from the Minneapolis Fed Inflation Calculator:

What is a dollar worth?

Directions: Enter years as 4 digits (i.e. 1913) through 2009. Enter dollar amount without commas or $ sign in box on first line. Click Calculate button to compute dollar amount shown on second line.

If in (2009), I bought
goods or services for $1.00
then in (1913), the same
goods or services would cost $0.05
[The (not really) Federal Reserve was created in 1913.]

Also, so much for the idea that gold is "worthless" when the SHTF. One gram of gold gets you ten loaves of bread in today's Zimbabwe - google: zimbabwe gold for bread (That's about $5.00/per loaf!)

PRICE: $53.20 PRICE: $53.80

or




These may be a better bet in the USA: Survival Coins

[Redhd2]

Could be right there.

[SunkenCiv]

• U.S. Rally is Doomed, Gold Will Hit $5000

:') Gold will hit $100 before $5000.