Posted on 05/17/2013 4:16:57 AM PDT by blam
Gold is money ... everything else is credit -- J.P. Morgan
Personally, I think that paper gold (e.g. GLD) will fall to zero before long.
On the other hand, physical gold (bullion coins and bars) will soar through the roof.
Morgan was exactly correct. The value of fiat currency depends solely on a government guarantee ... and our government is broke!
Buy Gold!
Buy big in September.
Gold is good...silver better.
Buy level for silver will be 18.00 / oz.
reading the crystal ball again............
democratic spending has artificially overloaded the economy with excess cash which in turn has driven up the price of commodities including gold and oil. prices will fall across the board.
They hope...
;-)
It’s pretty funny that Silver is ~$22 an ounce but I can’t find physical silver for under $40.
Imagine seeing an ad for a car for $22,000, but when you go to the dealership to buy one, either they never have any or the one they have is going for $40,000.
That is not a sane world. Someone is lying and really insulting my intelligence.
Buy level for silver will be 18.00 / oz.
Gold Heads For Worst Slump Since March 2009 As Holdings Contract
Ha ha Credit Suisse, you wish.
But thanks for talking the price down. If it wasn’t for the constant paper attacks on Precious metals I would be 20 Kg of Silver poorer today.
Paper gold to zero? That defies the law of supply and demand. To make such a statement without establishing and defending your premise is intellectually dishonest. Explain please.
Me too... ;-)
The deficit declines but the debt climbs.
I’ll hold on to my gold miners shares
I sure hope so...at that point I would put every cent I had into gold. What the author leaves out is that the stock marked is being propped up by $85 BILLION a month from the Fed. The “credit” is going to run out, the debt is unsustainable, and this whole thing is going to crash...any idiot can see what us going on cannot continue. And when that happens, gold, silver and ammunition will be the goods of barter. Bring on the gold crash, can’t wait to buy it at $1,000 an ounce. Please hurry.
S&P Futures up to 1654 this morning...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.