UGGH!! The Gob'ment Is Taking My Savings Lil By Lil.....

[sgreger1]

sgreager is right. DON"T put all your eggs in one basket. And, like the stock market [but not nearly as risky] don't invest unless you are prepared to lose it.

After this current rush gold should level out and stay somewhere between 1700 and 1800 an oz. but it will always slowly go up. Silver is so far behind gold now its almost a better investment.

I was going to invest in precious metals anyway. Too bad I didn't act sooner. But thats the way it always is. I wish I woulda, I wish I woulda.
In two weeks I certainly don't expect gold to be any lower than it is today. Then it will be a slow gain as time goes on. Its not like stocks that can go flat and then you have to wait years for them to return to what they once were.

I think your right in that it will probably plateau and stay there for a long time. It will appear to go up in that it will be worth 1700, 1750, 1800,1950, but that does not mean it's gaining value. It just means that the dollar is losing value and when adjusted for inflation the same piece of gold you bought for 1700 today will be worth 1700 in 5 years. BUT, compared with other investment options, at least keeping up with and/or slightly beating inflation is a better ROI than you are going to get with most things, especially considering that it is low risk in that it will almost surely at least keep up with inflation, and that any big market collapse will only increase it's value. Might not profit huge, but your money will retain it's value even after adjusted for inflation.

If i had money to invest it would be in precious metals as right now it's a race to keep the value fo your existing money rather than profit big time. Stocks are not very stable right now and you'd be lucky to get 5% over 5 years on just about anything. And if it all crashes than your stocks will crumble while gold actually gains value.



PS: I'm gonna rob your house PP!

[whalen]

PLata Y Plomo !

[Premium Parrots]

sgreager is right. DON"T put all your eggs in one basket. And, like the stock market [but not nearly as risky] don't invest unless you are prepared to lose it.

After this current rush gold should level out and stay somewhere between 1700 and 1800 an oz. but it will always slowly go up. Silver is so far behind gold now its almost a better investment.

I was going to invest in precious metals anyway. Too bad I didn't act sooner. But thats the way it always is. I wish I woulda, I wish I woulda.
In two weeks I certainly don't expect gold to be any lower than it is today. Then it will be a slow gain as time goes on. Its not like stocks that can go flat and then you have to wait years for them to return to what they once were.

[RobsanX]

Libertarians were railing on Bush too, it just that now it has been picked up on by way more people and the media. I don't think it is because a black guy is in the white house (maybe for some folks), but because people are beginning to see the things the "crackpots" were talking about coming to light.

Go back and look at Ron Paul's stance on spending during the Bush years.

EDIT: I am not a Tea Party guy. It was sorta cool for a little while until it was taken over.

I don't think it's straight up neonazi like racism. It's just the major shift in overall attitude of our population that allowed for a young black man to become president. I think that really messed with some people's perspective of what they thought life in the US is about, and they are having trouble coping with it.

[ABW]

If it hits the fan, I mean really hits the fan, the only currency that will matter will be two things, medical supplies (combined with medical knowledge of course), and ammo (combined with the firearm of course).

Ken

Done and Done...Done and Done

[sgreger1]

Gold is still going to go up for a while but I reall caution anyone from buying too much of it. It's value is driven by the panic everyone is feeling and fi the world doens't end and things stabilize in the next 10 years than everyone will be less worried about disaster and more worried about having cash on hand, so once things get a little better people will feel comfortable and sell of ftheir gold so they can go buy some new TV's and shit and we will see the price of gold drop sharply as the demand slowly dwindles. I heavily suggest not putting all your chips into gold, unless you are utterly convinced that the world will look like Fallout 3 in the next 10 years.

But if you play it right you could probably make some money over the next few years. It's not going to tripple again, but it'll earn you more than most investment vehicles right now.

[Premium Parrots]

If it hits the fan, I mean really hits the fan, the only currency that will matter will be two things, medical supplies (combined with medical knowledge of course), and ammo (combined with the firearm of course).

Ken

that is so true. thats the first thing everyone should invest in.

I did that years ago.

[devilock76]

If it hits the fan, I mean really hits the fan, the only currency that will matter will be two things, medical supplies (combined with medical knowledge of course), and ammo (combined with the firearm of course).

Ken

[HK11]

That Tea Party is a funny thing. Bush spends money like a drunken sailor for 8 years, and nobody utters a peep. Four days after a Black man gets into the White House this Tea Party pops up and starts railing against the "government".

Libertarians were railing on Bush too, it just that now it has been picked up on by way more people and the media. I don't think it is because a black guy is in the white house (maybe for some folks), but because people are beginning to see the things the "crackpots" were talking about coming to light.

Go back and look at Ron Paul's stance on spending during the Bush years.

EDIT: I am not a Tea Party guy. It was sorta cool for a little while until it was taken over.

[ABW]

Peace

[Premium Parrots]

thanks for the concern. security is the least of my worries.

[ABW]

Hey PP... Good move... I like gold also and have a a comment about the shi.. hitting the fan part. Now, in an open forum you would never identify that you took possession of your gold but believe me if all hell breaks loose there won't be getting into the market or bank to put your hands on it. Make sure YOU have a way to touch your metal if you need it...

[Premium Parrots]

OK, I talked to my doctor yesterday. Hes heavily invested in gold and actually made more money on gold so far this year than he made being a doctor all last year. There are several sources that predict that gold will hit at least $2k by xmas. JP Morgan predicts gold to hit $2.5K by the end of the year. Apparently, absolutely no one believes that gold will go down. As history reflects.....I tend to believe that. There is a max first time order that the gold houses feel safe in taking from first time buyers over long distance. So I ended up getting a total of ** oz of american eagle gold and *** oz of american eagle silver thru Monex. Its pretty easy to do. The american eagles are a little more expensive than bullion beause they are coins but they would be the best to use incase the world goes to hell. These coins are always a good investment. If you are thinking about buying gold or any precious metal I would suggest going here http://goldprice.org/ and watching the graph at different times of day will dictate a higher or lower cost. I bought mine just as the stock market opened this morning. When I was on the phone with them yesterday towards the end of the market day the price was way up. By waiting till the market to open this morning saved me almost $500.

I have to wire my payment to them today. As soon as they recieve it I can order again. I might do this again tomorrow.

Any way you look at it gold has to at least slowly go up. Thats a dam site better than the banks paying me .2% interest. AND I will have converted some cash into gold incase there is a run on the banks or the whole country goes to hell. And like I said before......at least I'll be able to eat.

btw, historically silver follows gold and is normally 16% of the gold price. Lately silver has only been 4% of the gold price. Its going to catch up before too long. Most all of the experts agree on this. If you can't get into gold at least pick up some silver. Its cheap now.

There you have it. Its kind of hard to get motivated and get off the fence and actually invest. I felt pretty secure with the bank haveing some of my funds. But lately its been a tad stressfull wondering what might happen in this country. In a lot of ways I'm really glad I did my research and pulled the trigger. I'm glad I diversified this additional step.

Heres the shitty part. Almost 20 years ago my doctor was after me to invest american eagles. He was pushing me hard but I was raising my family and felt that I just didn't have the xtra money. What a freakin big mistake.

[sgreger1]

I heard somewhere that that law was changed a few years back. But thats all I know. Also why would there be so many places where you can buy, take it home or to a saftey deposit box and keep gold bulion for yourself if its still illegal?


edit; here ya go

Was gold illegal to own at one time ?

Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
http://www.onlygold.com/faqcenterpag...uesandgold.htm

Oh yah it was reversed 40 years later, I didn't mean that it was illegal now, not at all. My point was that at any time the government can change the rules and just take it from you. They took everyones gold and paid like $20 an ounce for it, once they had all the gold it went up in price to (inflation adjusted) $600 an ounce and the government realized all those profits and started selling again. They literally forced people to sell it to them cheap, then waited for it to get expensiev and sold it all back. That's what I was saying.

[Premium Parrots]

Executive Order 6102

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both.



They will get it one way or another, they will make it illegal to trade with, and then you will only be able to buy black market items and nothing else.

I heard somewhere that that law was changed a few years back. But thats all I know. Also why would there be so many places where you can buy, take it home or to a saftey deposit box and keep gold bulion for yourself if its still illegal?


edit; here ya go

Was gold illegal to own at one time ?

Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
http://www.onlygold.com/faqcenterpag...uesandgold.htm