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Gold straight up today! $1400 by the end of the week? Gold straight up today! $1400 by the end of the week?
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Old 10-15-2010, 06:22 PM   #51
woj
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Originally Posted by The Demon View Post
Depends on what you consider a "fundamental reason". I'd say with inflation and hyperinflation imminent, precious metals rising IS a fundamental reason. People want safety and nothing beats gold and silver as a medium of exchange and store of wealth.
whether it's "imminent" is arguable, but even if it is, inflation has always been a short term problem... gold may continue going up for the next year, maybe 2, but then it will crash like it always has... If you time it right, you could make a decent profit, but could get taken for a bath just as easilly...
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Old 10-15-2010, 06:38 PM   #52
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Thanks for the Mr T interview. Here's one that begins to explain the manipulation and derivatives that have artificially suppressed the price of gold and silver. (I can't post URL's yet, but if you search "The Curious Case For $936 Ounce Silver" or if someone can post the link:

youtube.com/watch?v=Bru2tVghbqw

https://youtube.com/watch?v=Bru2tVghbqw

Good video

Don't agree with everything but I agree with most people here. Gold is on the rise and will stay on it. Silver is very undervalued and has a lot more room to grow and will do in the next few years. If you want to make more money than you're making now, start saving, invest in silver, and wait. It's coming. We aren't far away from it easily being $60+ an an ounce. And when I say that, I mean by election time.
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Old 10-15-2010, 07:25 PM   #53
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whether it's "imminent" is arguable, but even if it is, inflation has always been a short term problem... gold may continue going up for the next year, maybe 2, but then it will crash like it always has... If you time it right, you could make a decent profit, but could get taken for a bath just as easilly...
Crash as it always has? That's a bold statement to be making for something that hasn't been independent of a fiat currency for even half a century. Gold has been undervalued at many points in American history and all of them have to do with some government intervention. Gold is also only low when the economy is booming because there's no need to hold on to it. Seeing as how we're not having a "recovery" anytime soon, calling this a bubble is retarded.
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Old 10-15-2010, 07:25 PM   #54
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https://youtube.com/watch?v=Bru2tVghbqw

Good video

Don't agree with everything but I agree with most people here. Gold is on the rise and will stay on it. Silver is very undervalued and has a lot more room to grow and will do in the next few years. If you want to make more money than you're making now, start saving, invest in silver, and wait. It's coming. We aren't far away from it easily being $60+ an an ounce. And when I say that, I mean by election time.
QFT... People need to start watching Peter Schiff videos.
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