Gold & Armageddon: What All Gold Investors MUST know (Pt. 3-A)

by Dave on November 23, 2009

your mind to another point of view. And if u haven’t thought threw the other side of the gold/dollar collapse issue, then you’re probably not that conscious of your own position and most likely not as secure of your own position as you might think. How much do you know about what factors are affecting the gold price and the movement in the dollar? If you can only repeat, like a trained parrot, the same talking points that the same talking head repeat over and over on the media…then you …

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{ 25 comments… read them below or add one }

Anonymous 11.23.09 at 11:12 pm: very solid arguments my friend! it’s hilarious when they say ‘i know the answer but i’m not going to tell you’..LOL! what a joke.

thanks for your great comments!
Anonymous 11.23.09 at 11:12 pm: whats gold worth when cost to produce drops sharply? Know this, there are no golden fools only fools gold & fools after gold. Firstly, fiat-$ isn’t being debased, its becoming what it is, worth less each day until its worthless. Plant a nugget won’t grow a mine, plant an apple seed, you’ll get an orchard. Sheep are fools, soon get sheared, sacrifice to & worship what lies still, still it lies, idle or as an idol. To the sheep on ewe-Tube, tell us, how shiny is your gold calf? peace/excellent vid
Anonymous 11.23.09 at 11:12 pm: Well, I didn’t claim they will not do it in the future, and I am pretty sure they will do it again, as in the history of gold. It has corrected a few times in the past only to be suppressed again. So IMO, I think it will be suppressed again, but only after a correction, or pretty close to a correction occur. I agree with most of what you are saying, just not the timing, and just not that we are in a bubble.
Anonymous 11.23.09 at 11:12 pm: You can’t dry up out gold shower, you sold your gold. Admit the mistake already. I’m not a hater but you are the one who sounds a little bitter about your choice, not the “gold bugs”.
Anonymous 11.23.09 at 11:12 pm: gold is a bubble but levels or range is going to be higher now. Hard to buy it now have to wait for a pullback. I bought gold at 350 to have it go to 250 and had to get out now I am unwilling to chase it.
Maybe the real buble is stocks. Seems wierd they keep floating higher. The only way to prosper is to ride a trend from early on so whats next? Waiting to see.
Anonymous 11.23.09 at 11:12 pm: I really don’t like the “following” mentality which is around since youtube, twitter, and stuff like that. More and more people tend to disable their own brain and just follow someone which they consider trustworth.

But wouldn’t it be good to use your own brain?

The whole FIAT stuff is just based on trust. And you base maybe your decisions on trust to someone else, but what if it fails?
Anonymous 11.23.09 at 11:12 pm: Come on…
Why should you trust those guys more than any of those who predicted a rebound in the stock market this spring?

Let’s say you’ve invested 65k $ in march into the DOW, you’d now be off with 104k $. If you have bought for 65k (73oz @ 900$) gold in march you’d now be off with 85k. But if you had invested into the DOW you could get right now 118oz of gold @ 1180$.

So, please tell me once again why you should trust those mentioned guys more than the stock market rebound callers?
Anonymous 11.23.09 at 11:12 pm: Who cares what the gold bugs say! The name of the game is to: buy low, and sell high.

And DON’T LOSE MONEY!
Anonymous 11.23.09 at 11:12 pm: what other good investments wud u presume are good investments that are not ina bubble ?
Anonymous 11.23.09 at 11:12 pm: yes it was the same here.
I had to draw numbers because there were hugh amount of people who wanted to buy new houses (something like 10 years ago). Now that is not the case (understatement). One can chose to live on number 20, or 22, or 24 in the street. Pick your choise.
Anonymous 11.23.09 at 11:12 pm: I think it’s quite easy to understand:

Nothing grows out of thin air.
If you don’t understand what you do, you’ll most probalby fail.
Sometimes people have luck. But in general they don’t have.

Same like playing lottery, but with one difference:
Hard work in sense of trying to put information together, get information and so on, can give you the understanding of what will happen.

You can’t ever say which number will appear in lottery the next time.
Anonymous 11.23.09 at 11:12 pm: I think the majority agree that gold is still not in a bubble, so it is still a good investment. But it’s also true that it isn’t the only good investment aviable. Wha should be avoided are the sheeple investment vehicles like: 401ks, mutual founds, bonds, and diversified stocks.
Anonymous 11.23.09 at 11:12 pm: why “can’t” gold bubble?

maybe it’s not right now…but could it be forming? Gold has bubbled before after all.
Anonymous 11.23.09 at 11:12 pm: I appreciate you speaking your feelings/mind and not being afraid to go against “the gold bugs.” I agree with you that gold will bubble…and I agree that we still have room to run.

Only part I disagree with is your negative attitude towards the future. I believe *I AM* in control of my own future and if I invest wisely me and my family can win.
Anonymous 11.23.09 at 11:12 pm: Gold is different from RE becuase RE is financed and gold is not. I think that makes all the difference, but that doesn’t mean gold can’t burst like RE did. It would just be for different reasons. Anyway, I don’t think its a good idea to ever put all your eggs in one basket anyway, not even a golden one.
Anonymous 11.23.09 at 11:12 pm: At this stage of the game gold and silver are at the beginning of their bubble the masses still haven’t caught on yet in fact because they are strapped for cash they are selling their gold and silver jewelry to get cash. You are right though its just a matter of timing and identifying the next investment.
Anonymous 11.23.09 at 11:12 pm: @RamFan4u

I see. Well Peter Schiff is an opportunist, who happens to run a brokerage firm (I wonder if he sells gold?..lol) who is now looking for contributions to run for Senate so he can go “shake up Washington”…give me a break. The one thing I NEVER hear Schiff talking about is how he actually intends to fix a Govt whose operating system has been fraud for 100 years, with the help from their wall street buddies, or is it the other way around?
Anonymous 11.23.09 at 11:12 pm: It is certainly obvious to me that many of the strong advocates of gold and silver investment (on youtube) have huge investments in it, and are talking up the value and/or selling it!
Anonymous 11.23.09 at 11:12 pm: khjstephano - Is this what you are talking about?
“Argentina’s Economic Collapse, Part 1 of 12″
watch?v=rH6_i8zuffs

If yes, I don’t see what connection you see between what this man is saying, and the horrid economic murder of Argentina?
Anonymous 11.23.09 at 11:12 pm: This makes sense. I know people who are stuck with houses they cannot sell are truly screwed. They cannot get at their cash, they cannot move somewhere else without abandoning the house, etc.

And I have wondered what would happen if the internet went down, and there was no info regarding the current “value” of PMs.

Barter? How many guys with 5 acres, and a flock of chickens have a clue how many eggs a silver round is worth?

No, you are right. It’s a problem.
Anonymous 11.23.09 at 11:12 pm: Yeah same here…seems like Harry believes in Gold but is advising to be careful.
He is right but still buying gold is the thing to do now…you can still find it, most (95%) of the people I talk to don;t want to buy gold and don;t have a clue about it.
Anonymous 11.23.09 at 11:12 pm: I actually do know the answer, however if you have watched all those videos and you don’t know the answer..I am not going to waste my precious breath trying to get you to understand. Do the research yourself, and God be with you
Anonymous 11.23.09 at 11:12 pm: @RamFan4u

Not only have I watched many schiff videos, but I have asked anyone in those forums the same questions and couldn’t get an answer. Can I assume then, that you really don’t know yourself?
Anonymous 11.23.09 at 11:12 pm: if you really want to understand why gold is not a bubble watch a Peter Schiff video.
Anonymous 11.23.09 at 11:12 pm: @RamFan4u

What are the characteristics of a bubble? Seems to me, Growby10 is merely pointing out the similarities in the explosion of gold to the explosion of the real estate market, 9 years ago and asking us to think. Not sure how you conclude he is being “misleading” in any way.

Gold & Armageddon: What All Gold Investors MUST know (Pt. 3-A)

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