Posted on 09/17/2010 4:08:50 AM PDT by blam
Gold Surges Overnight To A New Record -- Now Above $1280
Joe Weisenthal
Sep. 17, 2010, 4:18 AM
A new record for gold! It's now above $1280. Note that the euro and US futures also had a big up night, so obviously the dollar's getting hammered.
[snip]
(Excerpt) Read more at businessinsider.com ...
I’m not sure its the falling dollar that is causing this. Last week I moved 20% into Gold (of what’s left of my nest egg).
I’m expecting a call from Warren Buffit and George Soros.
Hello Stagflation.
This is not an investment anymore, more like ‘just in case SHTF’
congress ppl Weiner and Waxman will investigate this..
It doesn't make sense that Silver doesn't move up more. Governments like China have been buying it. How can these large moves not affect silver prices more?
Last week I moved 20% into Gold (of what’s left of my nest egg).
I’m expecting a call from Warren Buffit and George Soros.
Don’t you mean WHEN TSHTF?
We’re heading for a worldwide economic meltdown within a year, maybe sooner. If you can’t afford gold, buy as much silver and ‘needed items’ as you can. Clean up all debts asap.
Comment from source page:
Stocks are ridiculously undervalued, we are in an early bull market, Diversify, diversify, diversify, the dollar and Yen are safe havens, the financial crisis is over, AIG is looking good here, GM paid back it’s TARP loan, Goldman does gods work, better than expected, green shoots, goldylocks, risk on, risk off, gold is in a bubble, erin burnett has two bubbles, gold and tulips are the same thing, housing market is recovering, the wars are off budget, obamacare saves money, social security isn’t a ponzi scheme, medicare isn’t a ponzi scheme, Joe kernan works for Homeland Security propaganda division, 10% unemployment is the “new normal”, it is a jobless recovery, TARP is “shovel ready”, the IRS isn’t a group of thugs, the US military is the muscle for the corporate oligarchy that bought washington..................good luck america, you’re gonna need it!
“Clean up all debts asap.”
Ok with the rest, but clean up the debts? If /whn that happens, will Chase send their goons to get sardine cans from you :)?
No gold for me, my money invests in old Colts, Winchesters and Browning Hi-Powers. I see no reason to change.
I think guns are a better investment than gold right now.....I notice that gas prices stabilized and are coming down a little because the economy has slowed.....
Which should help consumer confidence and spending some and stabilize the economy a little.....
Until it picks up again...and gas prices go up again and again slow the economy...
Just like in 2008 and 2009....
God save us from any more “stimulus”.
“This is not an investment anymore, more like ‘just in case SHTF’”
...I bought gold 18 months ago. It’s up 33%. I’d say that’s a fairly sound investement. The problem is if the dollar is going down in value, do you sell the gold and stash the cash? Do you keep the gold and take it the grocery store for canned goods?
It’s moving up slower than I expected, considering the catastrophic economic conditions mainly in the US but also around the world.
Gold 3000-5000 an ounce by the end of Ogabe’s rule. The stock market below 3000 and the US and the world in a depression the likes it’s never seen before.
I meant personal debts like credit cards, etc. If you’re in a position to pay ahead, do it. These will be the ‘good old days’ next year at this time.
Save those Sardine cans, my FRiend.
Missing from these daily discussions of Gold, Silver and Ammo is another investment possibility.
Gold and silver in the ground.
The mining companies prosper when the prices rise. Specifically, a good solid gold mutual fund tracks the metal prices with a slight lag but gains never the less. The mining companies own literally tons of gold and silver.
There is a double benefit. The fund shares rise not only with the price of metals, but with the market as well. There are no storage problems or fees or transport charges.
Canadian gold miners.
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