Originally Posted by AzteK (Post 17608827)

hehe it's cute. where did you get that from?

Originally Posted by potter (Post 17609388)

Yeah, end of the world. And an asteroid could hit tomorrow as well. You keep the paranoid shit and I'll keep living in the real world.

Originally Posted by Ethersync (Post 17609442)

There is nothing paranoid about keeping a position in gold. Why are you so against it? Have you invested in anything before? If so, what? ...and how did it turn out for you?

Originally Posted by jerryb (Post 17605509)

I've been dealing in Rare Coins, Gold & Silver since 1954. Been telling people to buy both precious metals since the beginning. They always say 'I'll wait till it drops back a little' - well they are still waiting. I started my stash with a couple dozen $20 St. Gaudens back in the early 60's when regular gold bullion was not available. Paid around $40 each for them back then. Started adding Krugs, Maples and then Eagles. I have at last count around 382 ounces total at the present time. Only time I sold any was I sold a few Saints in the early 70's and as a favor to a friend I sold 10 Eagles to him when gold hit $1000 year or so ago.

I still recommend both but my emphasis is on Silver. Think it is highly underpriced even tho it's pushing $25 an ounce. I personally believe silver is absolutely the best percentage of gain item in the metals market right now.

My advice is buy buy buy buy SILVER now before it gets to $50 and up. Oh yes, it will get there before the 2012 election. Mark my word. :thumbsup

Originally Posted by potter (Post 17604915)

You buy stock BEFORE it goes up, not when it's peaking. Anyone even paying attention to gold at this point is completely clueless to investments.

Originally Posted by k0nr4d (Post 17605249)

Exactly. Over the last couple of weeks USD dropped from 3.10PLN to 2.7 and even lower now some days. The price rise for gold is related to the USD being weaker, not gold getting mroe valuable. It all goes up and down all the time though. The USD isn't going anywhere, it is very much an important currency and USA is too big a market. Lower USD means USA importing from other countries becomes more expensive, and it's one of the biggest markets there is.

Originally Posted by SomeCreep (Post 17605481)

It's soooooo obvious that this appreciation in gold is a bubble. I think it still has lots of room to run though. When it pops, watch out. It's going to be just like the bubble we had in Oil. $200/barrel one month, $30/barrel the next.

Originally Posted by potter (Post 17604915)

You buy stock BEFORE it goes up, not when it's peaking. Anyone even paying attention to gold at this point is completely clueless to investments.

Originally Posted by The Demon (Post 17611662)

LOL@Gold is a bubble logic. The most moronic economists have that view because they have to believe in their keynesian bullshit and fiat currencies. If Gold is a bubble, it's going to be a "bubble" for decades or even centuries. As long as fiscal and monetary mismanagement exists, gold will always be "precious".

Originally Posted by woj (Post 17611692)

There is no fundamental reason why gold should keep going up, short term, sure you can make a profit, long term investing in commodities in never profitable...:2 cents:

Originally Posted by The Demon (Post 17611696)

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.

Originally Posted by chance6 (Post 17609414)

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

Originally Posted by woj (Post 17611702)

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... :2 cents:

Originally Posted by jkthedesigner (Post 17611727)

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

Good video :thumbsup

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. :2 cents: