(Note that the scales have been adjusted to provide a more dramatic image that would be shown if each started at zero).
Posted on 07/27/2011 1:31:27 PM PDT by SeekAndFind
...with this clown in office, you can bet his buddy Soros is...
How much to buy?
In what form?
From whom?
Where to keep it?
What is the purpose of having it?
When to sell?
Where will the cash to buy it come from?
A disclaimer...I have gold and silver both as approx 10% of my portfolio. Both bought a long time ago.
I’d say wait for the budget debate to be decided, if Obama “wins” buy all the gold you can afford.
Course not, our massive debt problems will tank our economy and drive gold down to about $700. Buy it then if you must.
If you can’t afford to lose then don’t take the bet!
Mel
Up 150% over the last 5 years, I am not expecting it to go down anytime soon.
Last time it went down was when RR assumed the presidency.
Barring a similar upheaval, I’m not expecting any softening in the gold price.
Gold, schmold!
Two words: pork bellies!
Buy it on August 3.
Better yet, take a short position now.
If the economy tanks one would think gold would go through the roof. But nobody really knows what will happen. It’s all a gamble.
But I wouldn’t be buying dollars.
Here are the 52 week highs and lows for GLD to gold etf.
113.08 - 158.637
7/28/10 - 7/27/11
Quite interesting that the 52 week low was exactly one year ago from the 52 week high set today.
In the past year (as has been the case for decades) the government has spent more than it took in and printed money to make up the difference.
Is there any indication the Democrats or the Republicans are going to do anything different in the coming year?
Basically gold went up $450 this past year. I don’t see anything to stop the rise in gold in the next year.
Even US dollars are a bet, on deflation.
It could be that the “thread the needle” tactic could be what’s on the menu.
Short bouts of deflation, with more money creation after that causes inflation, then another dose of deflation.
Cash and metals, that will play both bets.
(Note that the scales have been adjusted to provide a more dramatic image that would be shown if each started at zero).
Malt and hops (all grain brewing is too tedious)
Wine and Whiskey
Weed and seed
Shells and bullets
You’ve got that right.
Volker was the FED, and Bernank is NO Volker.
In fact, they CAN’T raise interest rates, the cost of paying for the interest will kill the ponzi scheme. They need to keep interests low, like, forever.
The question is, for how long will this go on?
The best answer is that anyone who think they should own some gold should accumulate it gradually, perhaps on a monthly basis.
I’d advise silver first, which is also easier to buy in smaller quantities.
Best options for small buys are eBay and Gainesville Coins (both of which this Freeper has used).
I wonder how many of them magic beans I can get for the family cow?
Course not, our massive debt problems will tank our economy and drive gold down to about $700. Buy it then if you must.
“But I wouldn’t be buying dollars.”
Of course not. Because you’d rather buy at the historic highs and sell into the historic lows.
Still buying more USD. :)
Enough to grow a bean stalk to the national debt ceiling.
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