This picture will give you a size reference...
http://www.anglofareast.com/images/vmbail7.jpg

People understand that gold has value, and in many cases it could save ones ass. And it can't hurt to own Gold.

Morons think it has value when an entire nations economy fails. Clearly these people have no idea what happens in real economic failure.

Do you think the U.S. Gov will let you keep your Gold if they need it to back itself. What? You don't think the Gov will make owning Gold illegal, again? Oh history people.

If you don't have your Gold in hand, how are you going to get it? Think people.. Entire U.S. Eco/banking/travel, food supply, gas, ect fails.. bam.. WTF do you think Gold is going to do when you don't have a bank around to exchange it for "Food", money has no value at this point and neither does gold.

Hopefully people are smart enough now to know that you should have PHYSICAL gold, not some piece of paper claiming that you own gold somewhere.

Shoulda bought a plot of land and invested in the tools and knowledge to cultivate your own food if you think that gold is going to be used as any sort of 'currency' your pretty gay.

Who said gold would be used as a currency?

Also, are you saying that some day gold will no longer be valuable? Why would that be? Did someone figure out a way to make their own gold in their basement or something?

There is a major difference between a good investment during tough economic times (gold is a good choice) and what is practical when the world is turned upside-down and you want to hold in your hands the only thing that means a damn.

A big lump of shiny stuff might as well be a rock once the real bottom is hit.

Your gold will be worth $0.00 in 2012.

The world is coming to an end!!!!!!!!!!!!!!!!!!!!!!!!! :)

http://streetknowledge.files.wordpre...msday-2008.jpg

The theory is that we will pass through the galactic plane in 2012, either causing worldwide catastrophes or some sort of spiritual ascension.

After doing a lot of research in legitimate science/space journals I have learned that our solar system is currently THOUSANDS OF LIGHT YEARS above the galactic plane. It is essentially impossible for our planet to make it down to the galactic plane to cross through it in only 4 years.

All of the 2012 shit is exactly that, horseshit.

Whatever... I'll still be swallowing down cyanide laced kool-aid on December 31st, 2011 to help me through the ascension, and then we'll see who's laughing come the 1st! :upsidedow

Well, the date is supposed to be December 21st, 2012 actually...

But I know you're just being sarcastic anyways... :thumbsup

I think it will go up a little bit more throughout the next year and then cap at that point. I think that's when the economy is going to hit bottom and as soon as it does people are going to be taking their money out of gold and buying up securities on the cheap.

Funny thing was that the gov't tried to make it criminal to own over a certain amount of gold so they could remove the gold standard. what a crock of shit!

:1orglaugh The amount of true idiots here amaze me. I mean true, uneducated, living at home with their mom, living week to week, selling their sigs for money fuck ups.

Son, I have been buying gold for years. Probably before you even knew you could buy gold. Long before this recent spike in price. It's just this last bit I paid more for it. Gold is not going to be dropping in price anytime soon. The only tools who say it will are the idiots who don't own any in the first place.

In addition, I only put 12% into gold. Don't worry with what I do with the rest, your simple porno minds wouldn't understand it anyway. Just know my assets are spread out on a global level and well diversified. Should the world fall in tomorrow, I'm set.

And for you morons who ask who will buy my gold or that it is worth nothing. Your ignorance does not even warrant an answer.

While you clowns cry about pre-checked cross sales, epass holding onto your 3 digit funds and the best company who will pay you $25 for a join, the real power players around here deal with numbers and investments you simply can't wrap your simple low level wage earning minds around. Stay in the work force people, it's where you belong.

This man gets it. :thumbsup

Everyone else should stick to dreaming about a better life.

I've been reading articles by economists lately saying that gold will get to $2,000 an ounce soon.

You could be right. Though I think we are going to be in a rough ride for more than a year. If it holds its value though, people may not be so fast to take their money out of gold and into something else.

I got out of the market just in time. Didn't lose anything. In face made huge gains right before. Had some very solid advice. Now that I see what has just happened and what I could have lost, I'm not going to be so fast to get back into that market.

It would be a blessing to get that high. Please!!!

The guys who have never steered me wrong and warned me to get out of the stock market just days before it went to hell, are expecting at least $1500 in oz within the next year or so. If it hit $2000, that puts me in an extra comfortable place.

Nice.

:1orglaugh:1orglaugh:1orglaugh

I'd rather have domain name(s) than gold, and I do. :P Sit around and wait for your gold to go up...meanwhile I'd have sold and resold domains and made much more with that much $$$.

That's great. Domains are a big business, lots of money. Lets hope whatever currency you keep that money in from the domains is worth something in a year.

I'm not worried about how I make money today. I make more than I could ever spend in 5 lifetimes. I worry about tomorrow when many currencies may fail and leave us hanging. Then it will be a new game.

You do know that there are plans to dramatically change the internet as we know it right?

What exactly is it that you do to make these piles of money?

lets hope the two huge gold mines canada just opened in sudbury..to give 30,000 people jobs doesnt bring down the value of your gold when it hits the market :)

shouldve invested much longer ago, too late now duh

Can you read? 300k I've had for many, many years. I picked that up so cheap it is almost criminal. I just picked up this latest bit before it jumps to over $1000 (or more) per oz. You can count on that price and then some soon.

It's not what I DO, it's what I DID. I made a killing about 10 years ago in this business. Now I consult and set up data centers around the world. I don't need to work but I tried to retire and it drove me mad. I need something to focus on job wise or I get a little crazy.

I think owning gold is a great idea. Even if the currency doesn't fail but we go into recession gold's value will rise or at least stay constant. I think if your gold is a hedge against complete failure of our banks and currency, you would want to keep it in old coinage. Otherwise, the government will possibly confiscate it or make you an outlaw for owning it. There is no reason to believe they wouldn't confiscate your old coins in a bad situation, but it will be the last to go if history is a guide.

:2 cents:

Well........ theres no reason to believe the US wouldnt attack Iraq. The proof is in the pudding and the question is whether you want to look in the pudding for the question or if you want to eat the pudding (with the question in it).

Point is the US government may do that but no normal governments would confiscate gold from people, only the US government would do that.

Okay...I'll have chocolate.


Well, I was referring to the US government. Not sure what a normal government is. But yes governments do terrible things to people to protect the overall system. But if the currency is in danger, the US government may confiscate and/or outlaw owning gold unless it is in a collection.

Curious, are you taking physical delivery of this or holding in their system? Personally, I would be taking physical delivery and not have it stuck in this "secure system" where I didn't have quick access. I don't even like having it in local safety deposit boxes anymore.

From their site.

Secure
You, not GoldMoney, are the absolute owner of your gold and silver. GoldMoney stores it securely on your behalf.

Ownership: GoldMoney vs. "paper gold/silver"
Your metal is securely stored, insured and independently audited
When you purchase precious metals through GoldMoney, the gold and silver bullion is stored securely at the VIA MAT vaults in London, England and Zurich, Switzerland. VIA MAT International is part of Mat Securitas Express AG, of Switzerland, one of Europe's largest and oldest armoured transport and storage companies.
Your gold and silver are insured against theft from the vault through a policy underwritten at Lloyd's of London.
A Big Four accounting firm annually audits GoldMoney's operational procedures as well as the precious metal bar inventory at the vaults and metal circulating electronically in our system. These SAS 70 Type II reports are made available to GoldMoney customers upon request.
GoldMoney also provides quarterly audits of the metal held for its customers.

gold = $710

Hardly surprising, we still have a false sense of security going on. I expect gold will fall further after sentiment is further buoyed by the election maybe stay low till feb/mar.

As for next year? Probably up all the way.

Try to buy some gold right now. Physical gold. It's nearly impossible to buy it anywhere near spot. Most major dealers now do not have any at all except in HUGE quantities (e.g bars costing aound $300,000).

The spot price of gold is being brought down by the paper gold markets (e.g. Comex). There is clearly some manipulation going on, banks and big hedge funds are having to free up cash so they are liquidating everything including their good investments like gold. You also have to look at the value of the dollar going up which will push the price of gold, priced in dollars, down also.

The spot price of gold in no way reflects the reality of the physical bullion market. The same is true of silver too.

I am buying up all the reasonably priced physical bullion I can find. I expect the price will snap back in the other direction before too long. If the price continues to decline I will just buy more. Assuming I can find it...

Gold simply can't go down much further. It's nearly at the price per ounce that it costs mines to produce it! :2 cents:

pics would be great!

hey buddy what's your address again?

lol at the people saying he was an idiot

lol no shit, good bump

This guy isn't posting here anymore... he's rich !! :)

lol, yup. Gold still on the rise as predicted. $1500 an ounce here we come!

gratz bro..can i brorrow a peice to wipe my arse on..jsut so i can say i did it..

:1orglaugh

This tattoo'd freak is right. I have about 10k in gold and planning on buying more. With the collapse of our economy imminent, as well as Obama's continued deficit spending, gold has nowhere to go but up.

lol, fucking party-man. You probably think all of this is Obama's fault, huh? As if we wouldn't be in the SAME EXACT SITUATION had McCain been elected....... lol....

I'm new to GFY but reading back over this thread, I am amazing at how many here thought this guy was wrong. He was dead on the money and is probably laughing all the way to the bank now.

I guess that is why most of you are piss poor broke. Those who understand such opportunities, take advantage of them. Those who don't understand them, tell the ones who do, they are wrong. Looks like the tattoo freak got the last laugh on the GFY crowd. Good for him.

He called it. There is no telling how much he ended up investing, or what else he invested in.

Got that right. I bought gold back when it was around $500. Spent about 20k USD on it then, still have it. I fully expect it to hit $2000 within 12 - 24 months.

It's not too late to get in the gold game, because it's going to keep rising. Silver is a good one too. Nobody gives silver credit, but it is a serious money maker.

I had to repost what some of you dumb asses had to say in this thread. How some of you function in your day to day lives is beyond me. :2 cents:


:1orglaugh

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:1orglaugh

:1orglaugh

:1orglaugh

:thumbsup:thumbsup:thumbsup

Same I would. If I bought some gold to be financially secured I would like to have it physically in a safe and secret place close my ass. :thumbsup

Shows how much I watch the news.. My own town and I didn't know. Looks like I will be finding a way into these mines. lol

Les, before you laugh like an idiot why don't you do the math?

A 200k investment in Ford in October 2008 would have made him a 300% ROI, or about $600,000+ at close today.

A similar investment in Gold would have only yielded about $75k profit.

lmao @ investing in Ford........

Why is $75k profit better than $400k+ profit?