Gold & Armageddon: What All Gold Investors MUST know (Pt. 2-B)

There could be a bubble in Gold, but let me ask you this. Are Fiat currencies a scam that ultimately fails and is Fractional Reserve Banking System a fraud. If someone were to really to buy gold as insurance, then saving the metal is the goal until the currency collapses no matter what price it reaches or falls to. Personally, if I had say 5 ounces in gold today & it gets to $5000 an ounce, there would also be big problems in the economy at the same time, I’d make my decision then.

You have a simplistic idea of what an “exit strategy” is, as though the choice to be made is simply between owning gold and not owning gold.

Any savings you have need to be held in some form. At any given moment, the question is what looks like the best value. If the price of gold multiplies by more than the general price level, other things obviously will look more attractive to own.

You don’t need a set plan, you just need to constantly be aware of alternatives.

If you’re trying to simply time the market, then I don’t think you have Gold as an insurance policy. The same thing goes for silver. Every plan is flawed…including your own.

yes! finally someone like you speak up for
what is right. every time i tell people not to buy gold and oftenly macking by peter
schiff’s followers. we need more people like you and your opinions on youtube.

the absolute emotion and depth gold has on people is obvious from these comments. this bubble will continue to grow… as long as the people continue have this obsessive mentality w/ gold.

w/ that said..if one is disciplined and love profit more that gold. one can and will do great in this massive bubble. thank for so much for ur comments!

Agree with you. I had said and say it again, it gold will go up to $3000, $5000, who will sell thier gold to you now when it’s only $1150? Are they that stupid? When Armageddon arrived finally, you would need guns and must be a pot shot too. Don’t worry if you have no gold by then. As long as you know how to shot, you will get some. lol

My plan is to keep it to use as money if I have to but keep it till global finances have settled into something. The purpose for me is to try to have something to use FOR money for the sure to be confusing disasterous times of financial meltdowns.
For sure I wouldn’t sell it,cuz it IS the only trustworthy currency of history. Survival is the goal–not necssarily financially. I want to be able to provide my basic needs and maybe a luxury or too in the event of the complete breakdown of society.

investing is speculation. even investing in real estate is speculation also

Personally I think Gold is a store of wealth that is safe from Government inflationary destruction. The US dollar is a finished currency so I see it as a safe haven verses the Dollar.

Gold has been money for thousands of years so I will always keep a % of my liquid assets in Gold. Unless we hit 10K/oz then I will sell it to purchase some rental apartments or other physical properties I might want or need.

gold is one commodity. Those that are too poor to buy gold and don’t have reserves for your household- grains are a commodity- buy wheat, buy coffee, buy dog food, plant veggies, the above commodities might be purchased by investors in large contracts but the small guy can hedge himself against some potential future inflation by at least creating a pantry and storing up on commodities on sale…start there. In my opinion/ gold isn’t about making money on it as much as insurance .

“the fiat money system: present fractional reseved debt money sytem, it is doom to fail because it creates all money as debt and there is mechanism to create more debt into the economy, there is already too much debt out there.” So the solution is to trash the dollar in order for the corporations to increase their export s and increase their earnings and show great profits…but not for the little people.

You have to understand that, yes, of course gold is a viable insurance.

but it rots. you can keep searching, but really, what can be a better store of value than precious metals if push comes to shove?