Posted on 06/03/2010 6:42:21 AM PDT by SeekAndFind
I like silver better. It will be easier to deal with if/when the SHTF. More important than gold is non-perishable food and fresh water supply.
Beck hornswaggled me into buying at $770.00. That Charlatan!!
>>A Simple Matter of Supply and Demand
LOL.
Of what - “paper” gold?
Goldbug ping
Well the NY gang beat down gold good and hard right at the open at 8:15 NYT. I think yd’s stop-runs at the NYSE open for silver down to about $18.10 and gold down to about $1214 are the short-term lows for a while, but I don’t see much energy above $18.50 and $1220 at the moment.
Mail me to get on or off the Free Republic Goldbug Ping List.
The gold bandwagon 24/7 reminds me of the same touting of real estate 24/7 in 2006 ;-)
There seems to as much touting to get you to sell your gold to meet Chinese demand.
Out in the southwest, where water can be an obsession, it is also vital that it be potable, and that can be problematic, because of contamination.
An old trick used in Mexico to filter water was to pour water into a large, hollowed out block of limestone. Limestone removes carbonate hardness from the water, arsenic (III) and (V)(an alternative is iron oxide coated sand for that), de-acidifies water, it raises the pH of the water to 10.5-11, which controls most bacteria and viruses, phenols (often as a byproduct of chlorination), most heavy metals, silica, manganese, fluoride, organic tannins and iron.
It takes a while for the water to percolate through limestone, but unless you want to spend a fortune on Zero Water filters, it is a very handy field expedient.
The Germans are giving up on their increasingly worthless euro savings and buying gold.
I see %1500 easily. Not sure about $2500, especially if the Republicans win in November and mount a battle against Enemy Occupied Washington.
I’ll tell you who I don’t trust.
I don’t trust someone who tells me my green paper is going to be worthless very soon but the yellow metal they own is going to be worth more and more everyday. But, they will trade me their ever increasing value yellow metal for my soon to be worthless green paper.
How nice of them!
>> The gold bandwagon 24/7 reminds me of the same touting of real estate 24/7 in 2006 ;-)
It’s not a bubble, though. This Time Is Different!
Gold will ALWAYS go up; it will NEVER go down.
If the yellow metal is only going to increase in value, and green paper is only going to lose value, why would anyone sell the yellow metal for the green paper?
If you have a long horizon, Real Estate is still a good investment. If you follow the crowds and buy and sell on rumors of up or down it doesn’t matter what you buy or sell, you will lose.
” OK, so by implication, you’d rather ignore the STEADY increase in the price of gold for the past 6 years “ S & F
“This time its different!!
Gold only goes UP...it never goes DOWN “ Nervous Tick
Hmmm...remember what gold was selling for in the beginning of the 1980’s? Then what was it selling for a couple years later?
” If you have a long horizon, Real Estate is still a good investment. If you follow the crowds and buy and sell on rumors of up or down it doesnt matter what you buy or sell, you will lose. “
WINNER!
>>If you don’t trust gold
Fiat Gold?
Unless you’ve got it physically secured somewhere... that’s all it really is. And even then, the value is rooted in an abstract idea which is only as valid as the morally corrupt financial infrastructure’s ability to maintain the facade.
No sale.
“The gold bandwagon 24/7 reminds me of the same touting of real estate 24/7 in 2006 ;-)”
Apples and oranges.
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