Serving up this steaming pile of
Celebrity Gossip
Gay Politics
Gay News
and Pointless Bitchery
Since 1995

Has anyone here bought gold coins?

You know, just in case?

The dollar is doing great (well, compared to the euro and yen) but a conflict with Iran could cause China to dump the dollar, and many countries are moving away from using the dollar to purchase oil- the main reason it has been so strong.

What happens if they dump it fast?

by Anonymousreply 2001/14/2013

Not gold coins but individual grams of gold, yes.

by Anonymousreply 310/09/2012

BTW - just three grams at current count. I paid $60 for it. It's now worth $171.45. Not bad.

by Anonymousreply 410/09/2012

My father began investing in gold, silver and platinum around 1970. He recently died and left me quite a sum.

by Anonymousreply 510/09/2012

How do you go about re-selling the gold whenever the prices go high enough?

by Anonymousreply 710/09/2012

Only a loser would buy gold now. It's way overvalued.

It should be in the $300-$600 per ounce range. In Sept 2011 I sold all my gold and got a real nice profit from it.

I won't rebuy the jewelry till gold becomes reasonable again.

by Anonymousreply 912/14/2012

If you bought gold as an investment twelve years ago, you're a genius. If you buy it now, you're an idiot.

Oh, and if you go around resurrecting months-old threads that nobody cared about in the first place, you're a troll.

by Anonymousreply 1012/14/2012

Here is a look at market cycles, 1871 to today.

It shows the relative cycles of bonds, equites, cash, commodities and gold.

It's interesting how slow and steady this bull market in gold has been, compared to prior bulls in any other area, even the 70s-80s gold bull, where it went from $350 to $850 for a few weeks. Compared to other commodities, or equities, the superiority of the current gold bull market is amazing.

Most (all) bull markets end in a major run up and blow off. This one doesn't even look like it has reached a midpoint. No mania, no major push, just a slow and steady rise. It has not even begun to start any of the parabolic rises that characterize ALL the bull markets prior.

Just my (considered) opinion.

It will go much higher. Much higher.

by Anonymousreply 1112/14/2012

Call me OP!

by Anonymousreply 1212/14/2012

Fuck you, Beck. You're just another "I love the government as long as the Republicans are in charge" moron.

I wouldn't piss on you with the dick of your hated enemy, Ron Paul. You are just another big government warmonger.

by Anonymousreply 1312/14/2012

This is why we have a few pounds of gold and silver-

Credit expansion is the governments foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.

But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against 'real' goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.

It was this that happened with the Continental currency in America in 1781, with the French mandats territoriaux in 1796, and with the German mark in 1923. It will happen again whenever the same conditions appear. If a thing has to be used as a medium of exchange, public opinion must not believe that the quantity of this thing will increase beyond all bounds. Inflation is a policy that cannot last.

by Anonymousreply 1401/12/2013

R14, this the third thread I've seen that same post on. Any projections on how many times you'll be pasting that on Datalounge?

by Anonymousreply 1501/12/2013


Until you understand it.

Please refute it if you can.

Since it is just a natural outgrowth of human nature, I think you need to re-read it until you believe it and fully grasp it. Giving power to the government is always going to end in pain, misery and evil.

Freedom works!

by Anonymousreply 1601/12/2013

They are cheap now. At $1700+ they are a steal.

Wait until the government defaults and it will be worth 10x that. Or more.

by Anonymousreply 1701/13/2013

Mary OP, I am also CONCERNED!!!

by Anonymousreply 1801/14/2013

I didn't buy, but I just inherited around 2500 ounces of gold and 1784 ounces of silver from my old man. He started buying gold and sliver in 1968. Thanks dad!

by Anonymousreply 1901/14/2013

Thank you for today's "Jesus, Libertarians are Idiots" reminder.

by Anonymousreply 2001/14/2013
Need more help? Click Here.

Follow theDL catch up on what you missed

recent threads by topic delivered to your email

follow popular threads on twitter

follow us on facebook

Become a contributor - post when you want with no ads!