Posted on 11/06/2014 12:57:23 PM PST by umpqua
Inflation remains tame, the dollar looks strong and Americans are increasingly confident. Even fears that the Federal Reserve would set off another financial crisis have faded as the central bank ends its effort to pump money into the economy. In short, all of the reasons for buying gold over recent years have disappeared, helping to drive prices for the metal to a four-year low.
(Excerpt) Read more at apnews.excite.com ...
You can always shoot guns and ammo.
Easier to trade in a crisis too.
I like apmex, but right now they’re asking 4.60 over spot for Eagles...
I don’t pay much attention to charts, generally.
And, this one seems to be based on “inflation”, which I assume is based on the CPI - which is constantly manipulated, and is increasingly unrelated to true inflation.
Check out John William’s website linked below. He tracks actual inflation and other government statistics, noting how they keep fiddling with the formulas to get these to keep “control” over the message they want to sell.
Do you know the amount of the “unfunded liabilities” presently being carried off the books? Does the money printing bother you? Has any fiat currency ever lasted much longer than about 40 years, in history?
How well did money printing work out for the Germans, back in the 30s?
I am retired, living on SSI, and feel quite despondent about the economic mess created by the central bankers and the Fed. I can’t see how we are going to get out of it. I hope we do, somehow.
Make sure the expiration date code isn’t 10-1983. :)
here is John Williams article on the Consumer Price Index, for your consideration.
http://www.shadowstats.com/article/archived-438-inflation-measurement
My tin hat slipped a bit, and this thought came through:
The Federal Reserve is manipulating gold prices steeply downward, so that they can replace the gold that they stole while supposedly storing it for Germany etc.
When Germany demanded their gold be returned a few months ago, they were told “No” by the FED... ~’We will give you part of it back in a few months, maybe.’
By driving the price down, getting the peasants to sell their holdings in despair, they can replace stuff they stole from Germany and sold to China, India, etc. at around $1700 an ounce, for a lot less money.
The price of gold is going to be higher than the Dow Jones, I heard it on FR.
He's funny.
That was one of the best ways to explain why one might buy gold I’ve ever read. And short!
Well done!
I am thinking of buying some gold, but really have no idea about how to go about it. most of the places that advertise it make my skin crawl, sure as heck don’t intend to pay any more than necessary in commissions.... That site looks interesting..
any Freepers have a link to a good primer for how to buy actual gold the best way possible?
thanks in advance.
when i see it flat like that for a whole day... it’s usually a precursor to some event in the next day or two.
it doesn’t happen 100% of the time... but very often
$10 is cheap. We are a long way from cheap.
As this market corrects, you will see gold and silver dump as assets are turned to cash.
It will drop until it stops dropping. Then it “might” take off. But I am not sure.
yes, I have seen the alternate CPI stuff before. The changes are relatively small, it would have little impact on this chart. Having watched the markets and the conservative right for thirty years, I have NEVER seen a time when you couldn’t find many gold bugs saying “buy now”. That includes every peak in my lifetime. When you ALWAYS say buy, sometimes you are right, sometimes you are horribly wrong.
just found this article on “the magic of CPI” - most of it is way beyond my ability to understand, but some of you might help translate it for me.
Read the forums at Kitco, read articles at Zero Hedge, but in the end you have to digest the various opinions and distill them into your own strategy. I have not found any bible’ on the subject. All the books and pamphlets and freeper comments all have their own agenda.
I find I disagree with most people who think they are experts on the subject, but still find food for thought from lot of them.
As far as WHERE to buy, unless you are buying Kilo or bigger bars, I used to like Apmex... I haven’t bought since gold was ~$700, but they always gave me the best and fastest service, and only a fraction of a percentage of higher cost than the other reputable ‘discount’ sellers.
I know what you mean about the sellers that advertise on Faux and the ‘conservative’ radio shows. When I first started buying bullion, I looked into all of them and saw no reason to do business with them.
I know that every oz of silver I’ve got I paid way more than I could get it for it now. But, as long as I don’t sell it I haven’t lost.
I’m in the same boat. If I don’t stop my wife’s spending I’m going to go through what little savings we have in about 4 months. Then I’ll be forced to sell silver that I paid way too much for. And by the way, I bought it because she kept hounding me. Now she says “I’ll keep my mouth shut from now on.”
I’ve bought silver from them.
never a problem.
Great, fast service at APMEX.
Not all the reasons. Gold is still a hedge against catastrophe. But it's no longer an investment.
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