Posted on 09/28/2010 12:34:11 PM PDT by blam
Yes and no, if it keeps up with inflation then it will at least keep its worth and a heckuva lot better than US dollars.
Well, since I don’t drink and therefore wouldn’t use alcohol in hard times, I have the toilet paper.
as companies struggle to keep afloat without the necessary capital, more and more people will become unemployed... driving up the ‘supply’ of available workers... while the ‘demand’ for workers decreases... resulting in reduced wages.
it depends on what type of skills you have.
of course, if you happened to pick up 200 ounces of gold in 2003, costing you about $60k, it would be worth about $800k if gold were to reach $4,000/oz. selling off a portion of the gold to pay off your debts would be an excellent move.
that... and moving to where the money is.
hong kong, japan, or the middle east (i predict north & south america, africa, europe and the former soviet states to all be broke... yea! socialism!!)
I am already deep in debt, we had to remortgage our farms again in early 2009, we owe almost double on them than what we paid for them, LOL. It is the life of a farmer, we should have had the first farm paid for 20 years ago. You live poor and die rich...if you can hold on.
My concern is that we can get some of our inputs before inflation gets out of hand and then sell our products at the inflated prices.
If they're any good they can probably sold at a premium. Don't know how you would be affected by capital gains (not a CPA or doctor) but I doubt the tax rate is going to be this low much longer. At least, get yourself to a CPA.
My brother did that. He started buying gold at the beginning of Bush Jrs. first term and just kept adding and adding.
Since I couldn’t afford gold I bought silver and not that much.
I love unintentional irony.
Or, you might say he is putting his money where his mouth is. Guess it depends in part on when and how he exits these investments.
Go play with your clicker dhimini. You have no idea who has shareholdings in the TV networks or the deals.
Fox’s biggest shareholder is providing millions fro the Victory Mosque and his uncle is behind all the money for every Mosque builty in western countries.
General Eletric is a bag of s**t and is very close with the Saudis. This is why they spew their pro-left pro-islamic BS. Uncle Sam Obama backed GE’s debt because it was going to get attacked by credit default swap shorts and would have become insolvent. If interest rates go up - GE is dead meat.
You may wish I take a great interest in your reposting of page after page of entries from these pages, but I generally do not.
I only occasionally am moved to mock something they say. And if you think this occasional derision of the posts from those sites is obtrusive, just be glad you don't post stuff from the gold bugs. I actually frequent them on a more regular basis than your threads.
Why not let the reader make his own judgement about the quality of the article or the publishing site?
You've got to be kidding, right? You know that this is FreeRepublic, right? The site where everybody passes judgment on everything?
You have made me laugh. Let readers make their OWN judgments? that's a good one. Next thing you know, you'll want a flag to disable comments or something. ha.
Seriously, I wish the moderators would add a new category for hyperintensive financial newsletter postings, so they could all be collected in one place and not be posted as news/activism all the time.
(Wouldn't matter to me, of course, because I read every thread that is posted. I'm just that good.)
Actually, I think reality is that there isn’t that much demand. That’s why they have to spend thousands of dollars on non-stop advertising trying to convince people to buy it.
If there was more demand, the price would jump a lot higher, until it was high enough that people didn’t think it was worth it anymore, and demand dropped to equal the supply.
It seems clear right now that there are a lot of companies holding gold that are looking to sell it at these prices — hence the non-stop advertising, mostly to conservatives who they know are scared to death and believe the worst about what is coming next.
Does it really make sense that only conservatives can see the value of gold?
INflation does help correct the market imbalance caused by minimum wage laws.
I wish I had bought Apple stock like that. I’d be able to retire.
Who is John Paulson, btw?>>>>>
Go see Wall Street 2 and maybe you’ll catch his cameo
Me too, but the reason he bought gold was that he didn’t trust the market anymore.
You crack me up. I look forward to an endless source of amusement. Thanks.
If gold is going to be the substitute for currency as they claim, then why would those selling gold take the worthless currency for it?
You don’t sell your gold until there is a more attractive investment available.
Adjusted for inflation, the folks who bought gold in January of 1980 would still be in the hole at $2k an ounce.
Second (and this is subtle) you shouldn’t adjust the price of a commodity for inflation, because inflation is essentially defined as the change in commodity prices. unless you are trying to teach a lesson how different things have increased in price (refrigerators, medical care, housing, gas, gold) you don’t adjust the price of one for the others. The difference in gold prices now over 1980 is an indication of inflation. of course, that $800 gold occurred only for a moment, and for special reasons unrelated to the current 10-year bull market.
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