Start Thinking in Terms of Gold Price (Currency Dilution is Coming)

Amen - manage and monitor your own assets and trust nobody who is selling you a strategy that requires you to buy from them (or anyone like them). Most investment advisers, especially on the radio, are sock puppets selling trinkets.

Gold is not necessarily the only (or best) investment. It is a marker tied to the real world. A Polaris, i.e. the North Star.

http://www.polyconomics.com/index.php?option=com_content&view=article&id=1572:a-gold-polaris&catid=46:1997&Itemid=31

Old Jude is dead and gone but his people live on: google supply side economics. Disclosure: I am a paying customer of http://brettonwoodsresearch.com/default.asp

Those dudes are pretty handy for anyone who wants to be different.

Suggested Viewing:

The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11

http://www.youtube.com/watch?v=swkq2E8mswI

You can’t eat those green paper debt certificates, sweetie.

If those who own gold believed that (Gold will become much more valuable), they would not be sellers.

1. All those claims about making money on gold have been proven true for the past decade.

2. They are retailers, and make their money by marking up the stuff they buy at wholesale, not by sitting on their inventory waiting for it to slowly increase. They are providing a service. There’s nothing to suggest that a business or individual with a limited amount of money to savce or invest (in gold) can’t process and sell much more than they could afford to hold, in order to earn a living.

3. If you don’t like the retailer analogy: I’d sound like a moron if I asked why all those stock brokers don’t just buy up all the investments they are advising their clients to buy.

4. Or realtors? Why don’t they buy up all the houses that are a good investment, instead of taking a commission on a sale to a buyer?

I understand exactly what you are saying, just pointing out that the gold sellers are being a bit dishonest in suggesting that you must buy gold or go broke. Right now I would lean toward silver as I think gold will see $1000 before it eventually sees $3000. Real estate agents and stock brokers are much the same. They pimp their offerings on the basis that they will appreciate and you will get rich when in fact nothing goes up forever and they have no idea in hell what will come next. They all want you to buy so they can make a buck, not because it will protect your wealth. I know that and will buy what I think is best for me, just get tired of the frantic sales pitch. That’s why I like to ask the breathless salesman why he wants to sell something that will make the owner rich.

And finally, I agree that paper money well eventually become worthless. For the average person I think silver, guns, ammo, booze, storable food, tools, building supplies, and anything else that you can store and that you will eventually need will do better than gold. And I believe that is true regardless of the rate at whcih paper becomes scrap.

I understand exactly what you are saying, just pointing out that the gold sellers are being a bit dishonest in suggesting that you must buy gold or go broke. Right now I would lean toward silver as I think gold will see $1000 before it eventually sees $3000. Real estate agents and stock brokers are much the same. They pimp their offerings on the basis that they will appreciate and you will get rich when in fact nothing goes up forever and they have no idea in hell what will come next. They all want you to buy so they can make a buck, not because it will protect your wealth. I know that and will buy what I think is best for me, just get tired of the frantic sales pitch. That’s why I like to ask the breathless salesman why he wants to sell something that will make the owner rich.

And finally, I agree that paper money well eventually become worthless. For the average person I think silver, guns, ammo, booze, storable food, tools, building supplies, and anything else that you can store and that you will eventually need will do better than gold. And I believe that is true regardless of the rate at whcih paper becomes scrap.

Now you’re talking sense, and have dropped the too-clever trite quip that is popular among anti-gold folks.

1. The dishonesty of many gold sellers (and of all those who advertise much)is that you are buying anywhere near market price, not in whether or not gold will go up in the future.

2. Right now, I lean toward silver and platinum to, because of the ratios.

3. I think you’re wrong on gold seeing $1000 before it sees $3000, and I wish there were some practical way to make a major bet.

4. All those preparedness things should come before gold, as should silver for small transactions. but gold has its place. How would you carry $100,000 in wealth in a relocation emergency?

5. The choice is not between silver and gold. The wise choice is both, for the benefits of a diversified holding.

Adjusted for inflation, that gold only doubled in value. And if you’d used 1979 as the buy year instead of 1976, you’d have lost value and still be behind today.

These charts are selected to only go back to 2000 for a reason. Sure, gold has been on a meteoric rise since 2000, and anyone who bought in 2000 and sold now has done well. But gold was depreciating in value for the previous twenty years.

All these articles do is focus on the unprecedented skyrocketing of gold in the last decade and draw vastly overgeneralized conclusions. A lot of people have lost money on gold over the long term, and will do so in the future. And more to the point of this article, a lot of people have gained dollars in gold but lost buying power. If you bought in 1985 and sold in 2005, you gained dollars but still lost value. There's nothing magic about gold; it's a volatile commodity like any other.