Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Beware Of Promises Of Easy Profits From Buying Precious Metals And Other Commodities
Commodity Futures Trading Commission ^ | 1/29/2006 | Public Affairs

Posted on 02/06/2006 3:54:32 PM PST by B4Ranch

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 next last
To: Junior_G
I have invested my life's savings into aluminum.

I do the same, but only after skilled craftsmen have formed it into aeroplanes.

d.o.l.

Criminal Number 18F

61 posted on 02/06/2006 11:00:47 PM PST by Criminal Number 18F
[ Post Reply | Private Reply | To 19 | View Replies]

To: Constantine XIII
Could you, um, distill that down for those of us with jobs.

Translation: FReeper Chewbacca has drunk a heavy draught of the Kool-aid the FTC warns of in the original article.

Note the hysterical tone of the "guru's" writing, and the fact that no matter what happens, the answer is, the apocalypse is coming, and you must buy gold! (Don't read the whole thing, it's a waste of time. Just spot check a couple of things. Ever election, every natural disaster, every war, every world event becomes a reason to buy gold.

Before you give these guys any credibility, remember their mission in life is to sell gold.

Gold coins are kind of neat to have and to own; as the basis of a financial portfolio, they're madness. Mining stocks are like investing in your cousin Jimmy's system for the horse races, unless you know a very great deal about mining or commodity markets (and sometimes even if you do). But hey, it's a free country.

d.o.l.

Criminal Number 18F

62 posted on 02/06/2006 11:15:50 PM PST by Criminal Number 18F
[ Post Reply | Private Reply | To 56 | View Replies]

To: B4Ranch

Mexico is a country I boycott along with Russia, Iran, N. Korea, China and a few others.



I'm just looking at it from an investment perspective. Your local cement company may be owned by them.


63 posted on 02/07/2006 3:44:47 AM PST by westmichman (Please pray with me for global warming)
[ Post Reply | Private Reply | To 34 | View Replies]

To: dljordan

"Buy CX the Mexican cement company. They sell lots of it to U.S."

There's one five miles from me. Worst polluter in the area.

Sorry to hear that. I may have to re-evaluate that investment.


64 posted on 02/07/2006 3:47:03 AM PST by westmichman (Please pray with me for global warming)
[ Post Reply | Private Reply | To 47 | View Replies]

To: westmichman

By investing in companies that are in communist nations you are furthering communisum. That isn't something I care to do.


65 posted on 02/07/2006 5:36:11 AM PST by B4Ranch (No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
[ Post Reply | Private Reply | To 63 | View Replies]

To: Junior_G; dfwgator

You are both wrong. The future is Plastic!


66 posted on 02/07/2006 5:44:34 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Chewbacca
Way to go.

How much of that profit was in the rise of the Canadian $.

Often penny stocks are just mining claims with little or no real development.

They get traded up when metal prices are high.

When prices fall, they crash hard and fast often becoming worthless.

The stocks will go up way more than the actual metal, sometimes 10x or 20x or more in an overheated market.

Does this company have any equipment or just claims?

67 posted on 02/07/2006 5:49:07 AM PST by concrete is my business (prepare the sub grade, then select the mix design)
[ Post Reply | Private Reply | To 52 | View Replies]

To: B4Ranch
I am not sure.

I think there are American companies out west.

Florida likely imports from South America.

68 posted on 02/07/2006 6:05:32 AM PST by concrete is my business (prepare the sub grade, then select the mix design)
[ Post Reply | Private Reply | To 31 | View Replies]

To: B4Ranch

Nothing to see here, please move on. Please be considerate to the not so rich and stay away from gold. There's a lot of people who haven't accumulated enough of it before all the equities people stampede in and wreck everything for the people trying to accumulate enough at these prices, and they need a little time. After that...do whatever panic dictates.

In the meantime, buy Google...it's a great dip to hop on. Or maybe GM and Ford, they can't possibly go lower - they gotta break out soon.


69 posted on 02/07/2006 6:05:53 AM PST by guitfiddlist (When the 'Rats break out switchblades, it's no time to invoke Robert's Rules.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: redgolum

I guess there aren't many Barney Miller fans on this thread.


70 posted on 02/07/2006 6:13:28 AM PST by dfwgator
[ Post Reply | Private Reply | To 66 | View Replies]

To: dfwgator
I guess there aren't many Barney Miller fans on this thread.

I thought that line about plastics was from "The Graduate".

71 posted on 02/07/2006 6:15:59 AM PST by guitfiddlist (When the 'Rats break out switchblades, it's no time to invoke Robert's Rules.)
[ Post Reply | Private Reply | To 70 | View Replies]

To: guitfiddlist

My earlier comment about Zinc was from Barney Miller.


72 posted on 02/07/2006 6:19:09 AM PST by dfwgator
[ Post Reply | Private Reply | To 71 | View Replies]

To: B4Ranch

Fording Coal.


73 posted on 02/07/2006 6:32:33 AM PST by Reagan 76
[ Post Reply | Private Reply | To 1 | View Replies]

To: guitfiddlist
Worried about the dollar dropping?

Gold, silver, copper, you name it can all be good investments but you won't make a dime until you sell or trade it so be sure that you buy something that has a market demand.

One fellow at the gun show last weekend said he buys and stores handgun and shotgun ammunition. His concern is riots and general civil unrest. I didn't ask how much he has already but knowing him I would imagine he could supply a small army.

Google was up to $476.31 now it is down to 385.10. That's a $90 dollar drop. Ouch. maybe your recommendation isn't such a good one.
74 posted on 02/07/2006 6:37:08 AM PST by B4Ranch (No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
[ Post Reply | Private Reply | To 69 | View Replies]

To: B4Ranch
One fellow at the gun show last weekend said he buys and stores handgun and shotgun ammunition. His concern is riots and general civil unrest.

That's the paradox concerning a hyper-appreciation of gold. The conditions in which this would occur would be coupled with a systemic breakdown in the financial structure - leading to complete societal collapse.

The first challenge would be getting the physical gold itself - likely held in some vault in the UK - shipped past roving street gangs armed with UZI's - just so you could grab it out of the bullet-ridden UPS truck under covering fire from the UPS driver, and haul-butt down to the local survivalist to trade it in for some guns, ammo, water and canned food.

Maybe the middle-medium can be dispensed with. Strange things to speculate on.

75 posted on 02/07/2006 7:04:48 AM PST by guitfiddlist (When the 'Rats break out switchblades, it's no time to invoke Robert's Rules.)
[ Post Reply | Private Reply | To 74 | View Replies]

To: guitfiddlist

Guns, ammo, water and canned food should be higher on a persons initial survival list than gold, IMO.


76 posted on 02/07/2006 7:16:00 AM PST by B4Ranch (No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
[ Post Reply | Private Reply | To 75 | View Replies]

To: B4Ranch
Guns, ammo, water and canned food should be higher on a persons initial survival list than gold, IMO.

I agree in this scenario. The other critical thing is defensible property - since all the above can be easily taken by the savages that have the sheerest veneer of civility - purchased by endless tribute in the form of government largesse, a largesse that will be completely gone.

77 posted on 02/07/2006 7:27:22 AM PST by guitfiddlist (When the 'Rats break out switchblades, it's no time to invoke Robert's Rules.)
[ Post Reply | Private Reply | To 76 | View Replies]

To: B4Ranch
If the situation is where gold will be the only currency ever happens, a better investment would be processed copper and lead.
78 posted on 02/07/2006 7:53:26 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 74 | View Replies]

To: redgolum

A few cases of the reloading primers would be easier to transport.


79 posted on 02/07/2006 8:08:58 AM PST by B4Ranch (No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
[ Post Reply | Private Reply | To 78 | View Replies]

To: All

Gold down 18 bucks today, incidentally.


80 posted on 02/07/2006 10:24:59 AM PST by babble-on
[ Post Reply | Private Reply | To 79 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson