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Gold will utimately balance the external debt of the US, as the fiat Federal reserve system continues to crumble.
sell your gold (to me)! sell! sell! lol
here are two ridiculous hit pieces...
Long term average of DJIA:AU 1:1. Price at peak of NASDAQ bubble 1:60. Price now 1:5. Now prices tend to overshoot. I will sell my gold at 1.5:1. That means at today's prices that should be something like $17,000 an ounce. Now the DJIA is still in a bubble. If we proportion the old ratio of gold to dollars from before 1971, all that fiat creation has led to a $9000:1oz/AU ratio. So the long term trend seems like we will end up at something like DJIA at 6,000, with AU at $9,000.
Just my two cents.
Gold will soon not be measured in fine linnen (dollars), but rather in purchasing power...
the problem with historical analysis, is that they depend on historical events.
In 2008 Western Capitalism ceased to exist. While it still has the facade of what once was, it no longer shares much in common with what came before.
The events that have occured, are occuring, and will occur, cannot be gauged from the past, because Capitalism has never collapsed before (since its inception). A new system will be formed, the peoploe in control now will try to shape it in their image, while those opposed to it will attempt to move the new system back towards "freedom".
Gold and Silver have always existed as stores of values, while other systems come and go. The end game in the current system, is DOW 0 and Gold Infinity. Something else will replace both the dollar, and the monetary system before these asymptotes are reached.
Look at the value of Gold and Silver historically relative to the value of farm land. That is about as universal and true a relationship that one could find. In the new system, it is that ratio that should return to normal, and everything else relative to it as well.
Well said. Sad but true. It has happened for thousands of years.
"Gold will soon not be measured in fine linnen (dollars), but rather in purchasing power"
Agree. If gold continues to climb, there will come a point that it is meaningless to price it in dollars.
"I will sell my gold at 1.5:1. That means at today's prices that should be something like $17,000 an ounce"
Sprial_eyesWill you really sell your Gold (after it having gone up x8) and buy stocks even if HFT and a corrupt SEC are still in place? A bought off Congress and puppet president still in place?
Why not wait until after freegold arrives, and sell it for $60,000 / oz?
Although I may chicken out some and sell a LITTLE bit for $5000 and maybe a LITTLE bit more at $17,000. Hey, does a Bearing know the future?
But, for now, BUY while physical gold is still available!
As an old fox once told me: "Buy all the way down and sell all the way up".
Or was it the other way around? I can never remember.
A good time to trade your gold for the DJIA might be when the companies in the index start to do significant business in PM backed currencies.
exactly so many people are saying this based on the previous 2 bull markets - but what if the dollar actually collapses this time?? and gold ends up being worth about $50,000 easily in todays money??
the ends of previous bull markets were market by raised interest rates + sound fiscal policy + deficits that were a fraction of todays
for me the Dow gld ratio is certainly not my major indicator of when to sell
I'll put it into farmland, industrials (companies, not stocks), productive assets, real estate, energy infrastructure, groundwater. Then wait for the next Kardsahev wave to begin. Gonzalo Lira's post-hyperinflationary recipe is something he really nails.
Who Carez what the Yahoo and Bloomberg hack scribblers have to say? Unlike the 1970´s, when gold demand was primarily driven by the US, the rest of the world is gladly buying up AU whilst boobius americanus is relying on the Dow to reflate and restore their 401k´s. Only problem is that the resulting pensions streams will pay out on dollars that will buy much less.
why dont these retards ever talk about how many times US treasuries could buy the DOW ?
The fed has a trillion, china has 3 and japan has a trillion. Thats 4 trillion, double the value of all the gold in the world
+ $1830 and a green Spitzer.
True, but it's like robbing a bank with a toy gun. Once you really have to use it, the game is up.
It's a literal paper dragon (or, these days, an electronic computer-game dragon). Once the average man groks the fact that paper trillions are bidding for their physical stuff, he'll clamp on tightly and use fiat only for daily necessities.
This is already happening. +1
+1 for that metaphor!
A small point, however, valid none the less.
Simile: Figure of speach that dirrectly compares two things using "like" or "as".
Metaphor: A direct comparison of two different things without using the words like or as.
I suppose this would be a direct comparison between the level of education attained and the 'grade' that was awarded to such attainment! In other words, how the great American educational system has failed.
sell gold nahh!!! we rather stick to the tradition.
Negative JPM:SILVER watch - unless TPTB hit silver for $5 today, enjoy Day 30.
Suck on THAT, Blythe.
"Americans Choose Gold As Best Long Term Investment"
This Gallup Poll, conducted Aug 25, this year, speaks for itself. In addition to the questions asked by the poll there should have been one more, worded in this manner: 'Do you own any gold?'... How many of those polled actually own gold? How many like the 'idea' of owning gold?
Interesting survey results; breakdown by age, party preference, sex, etc...
Looks like a graph of my hormones.......
It is inevitable that gold will go up over time, the question is are you liquid enough to survive the indefinite pullbacks from the manipulating banksters and their cronies in government?
Hold physical, don't buy on margin, bought with savings and not operating funds would pretty much guarantee sufficient liquidity for nearly a lifetime. The bigger issue is if it's a long stretch of manipulation, being around to enjoy the profits.
That said, one look at the 5-year chart shows they've lost control of the market in the longer term, their manipuations seem to be fixated on OpEx days now.
Oh, BTW, powers that be, thanks for being so predictable on the OpEx plunges. I held my latest purchase off until the OpEx pullback last week, and as a result purchase was up by several K before it was delivered today. Keep up the good work!
I find it hard to understand what you could possibly mean by reading your words. A human being is neither liquid nor illiquid. I can make sense of it if I substitute "sufficiently capitalized" for "liquid enough".
what happens, if it is discovered, that there is no gold in fort knox. none, zero.
discovered? perhaps you mean confirmed?
Bad shit... Really bad shit.
Gold price to the moon and heads will fall off
Fort Knox should be audited by the congress to verify and confirmed. If it happens that indeed there's no gold. Heads will roll via Guillotine.
Past and present serving congress critters and senators should be rounded up and like German menfolk around Dachau after the liberation, paraded through the vault, if it is shown to be empty. There should be no mystery left for anyone involved, as to the anger that will be displayed towards them on Explanation Day.
At a manipulated 1800/oz with a debt of +14trillion, that gold might pay the bills for a few days at these prices.
I guess if nobody cares now, why then?
The real question is this: of the gold that may or may not be there, how much is still ours and not liened to another party (or 100 parties as the case may be, and prob is)
Doh! Now that's something a war might start over, eh?
Gold at $6000 would put the cost of a loaf of bread at...$25? (theoretically)
I feel a drinking binge coming on....
Better do it soon because a shot will soon be $75.
fine spirits might be a better investment than gold. Just something to think about.
As do people ... for those looking to diversify.
You can eat broken bottles and they don't pay a dividend. ;-)
You turn that into Street Entertainment and sure as hell it WILL pay a dividend.
They already are..... cost of Macallan 18 yr old has increased from $89 to $129 in the last 3 years, a higher return than any USD deposit.
buy and hold - there's no capital gains tax on perishable items
There's no capital gains tax on secretly held PMs either!
Not until YOU SELL.
You're kidding, right? I'm talking about holding physical.
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