CRISIS Report- Gold, Dollar & World Markets
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Buying gold is to preserve wealth. One should not try to make a profit on it. Suppose one captures the profit in gold in dollars. The dollar collapses shortly thereafter, no gold and one is broke. No one knows when the exact moment will be when the dollar and other Fiat currencies collapse. Don’t take a chance. Buy what gold and silver you can and hold on to it. Thats how its meant to be.
winner, Dittos. Gold and Silver have a 6000 year history of where people turn when times get bad. Fiat money also has a history, they all collapse. The Dollar is a fiat currency. Cheers.
trea, thats why one should own only the physical metal, no paper gold or silver.
No face book no Twiter your listners are here on yourtube make more videos!!!!!!!!!!!
Such a silly video. Go to a currency converter and check the US Dollar against the following:
Chinese Yuan Ri
Japanese Yen
Russian Ruble
Harry, I’m most interested in preserving wealth. I have no desire to gamble with it, even if I’m a good gambler. For that reason, until the American and world long-term economic future looks better, I will be buying and holding more Gold & Silver until further notice. I think anyone who is not increasing their holdings of both metals as well as other commodities are simply not being prudent. I guess we’ll see how it shakes out.
try posting alphawavemulipulation from radiofrequency digitaltakeoverrothchilds exposed
Assuming absolutely no fractional reserving of gold has occurred, gold is a safe bet. If you believe gold has not been subject to fractional reserving, you need to study human nature a little more carefully! – with the dollar, you know exactly what you are getting; the index is low – following the crowd could be risky – the higher gold gets, the more likely any fractional reserving will be revealed – who will be left without a chair when the music stops?
i thought gold was worthless
and you wouldnt waste your time because gold was going to 400 an ounce
and everyone should sell it
you my friend are a herb
when gold hits 2000 youll be on here saying
yea i bought physical at 1500 good buy
thats why i come buy for some laughs
yes i buy on dips
because gold is money
and paper is paper
oh yea market will crash again dont forget
to duck
At $2000 US/oz (or, if that currency is already becoming too useless, let’s say CDN$), it might hover there for a while, spike up then drop down again to it.Depends on what other markets are doing, what other (derivatives!) frauds are exposed.
Buy & hold for value, look out about for paper/equities with high-frequency trading! There’s no such thing as fundamentals when machines are deciding the markets. Since… there’s no psychological model for machines. It’s all a
Bob Chapman expects gold to be round $1,550 $1,650 round the beginning of April.
Surprised to actually see you doing gold day trading!? Gold Fever gotcha! aha!!!
I’m not sure where you went with this.
But they do have a lot of fraud and a stock market rising based on nothing, the fundamentals are horrible. A Depression is a market correction that cannot be controlled by government or banksters. Nothing they can do will stop it, did they even stall it? Unemployment still rising, credit still being destroyed, wealth evaporating. Don’t count on the G20, they are bickering amongst themselves.
Gold guess for 2010: low 1600’s.
When gold gets to $2,000, I hope I still have funds to keep buying. I plan to buy silver up to $50 an ounce.
Gold is an insurance against system collapse ! Also against inflation but certainly not for the Central bank of India !! You can play your shorts and longs – cash in a better return than just holding bullion. – just make sure you get your money ( value! ) before the casino closes ..and do not forget that there are many possibilities how the casino could close !!
that’s right.
I will not go short, even if you pay me for it.
I’m holding tight and plan on holding my physical for the duration. My physical is my inhertance to my grandchildren. May get a chance to buy more (non-physical) if I get the cash and it drops below $1000/oz … but, cash is scarce now. Any future purchases will not be physical.
Still holding international gold & silver mining stock in my IRA. Thinking of trading into more “food oriented” positions from mining.
Nearterm USD may show strength but longterm outlook is not very good.
Who knows it’s all speculative..I love when people call themselfs traders..LOL..They are nothing but gamblers..I rather go to vegas and put a thousand on red..and get me a stripper!
I’m holding no matter what, but I own a physical bullion account. The fundamentals of the economy haven’t changed, and everything being reported is propaganda. I will buy more if it goes to $1050 or lower, and it could, although current govt. spending and legislation may interfere with that. Shorting could be very risky. We never know what shocking news might be reported without warning. 1st of the year may be very volatile. The only reason to buy is if you believe currencies will collapse.
I love replying to Harry..I like to pull his little yellow chain..o’wait that sounded racist and gay..If Harry looses in 2010 he can always become my house boy and do my Laundry ..I hear those Orientals do a hell of a job!!
For the poor (all of us) get some silver dimes….about $60 on Ebay for 50.
Collect silver spoons. On average they are about 1 oz each.
I think you can trade for your silver dimes or gold coins. Its done in real estate now.
It think is better to buy silver, as the current ratio of gold/silver is 70. In the Islamic history, this ratio used to be only 7. So silver still have long way to go. At least it should be $100 as a fair price. Also China is advising its citizens to buy silver. Furthermore, there is a prophecy of Prophet Muhammad (PBUH), that a mountain of Gold will be discovered in Euphrates river in Iraq, and this river is currently drying.