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Monetary inflation is now running rampant throughout the world, but the rate of physical gold mining is nowhere near the rate of fiat-money creation.

The logic isn't difficult ....
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HOPE SO.

It all depends what Liberals that control corrupt Wall Street want to do next.



JediG
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I don't think "Liberals" or "Conservatives" can control the free market, but I do think they can temporarily impede or distort it -- but certainly not improve it.
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I don't believe this is a free market. I believe corrupt Liberals manipulate it.

That being said, yes, I hope they manipulate it, or screw it so bad that gold goes up.

I don't invest in American stocks long term, EVER anymore. But gold I've been in for awhile. Cost basis around $1290, hoping to hold till 1900 or so.

JediG
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I hope they manipulate it, or screw it so bad that gold goes up.

Your wish will come true!
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I hope so.

I think it's just like the stock market: People (including me) investing in something they have no clue about.

If gold is going to be so valuable, why on earth are so many companies advertising all over TV to SELL Gold? If it's going to be so valuable, why wouldn't they be hoarding it instead of advertising to sell it?

The only reason I got into gold is it was a bet that America's government is stupid and dysfunctional, just like their supporters be it putzes in the Bay Area or Liberal blogger types. I figured that there will be tons of bad news, tons of fear, and due to dysfunction, an inability to deal with debt...and the fear will push gold up.

If it hits 1900 I'm out in a blink of an eye.

Tempted to sell now but hoping for Obama and the idiots in Congress to take the cliff to the brink a few times.

JediG
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If gold is going to be so valuable, why on earth are so many companies advertising all over TV to SELL Gold? If it's going to be so valuable, why wouldn't they be hoarding it instead of advertising to sell it?

TV? Who the hell cares about TV but mass manipulators?

How about TA? (technical analysis)
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Jedi Cost basis around $1290

A johnny-come-lately.

I started buying Goldcorp at $12 per share in 2003. Sold out at $50. Currently waiting to get back in.

Peter
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I just hate investing in things I don't understand, and/or have no control over.

For me that encompasses things like Gold, and especially the stock market.

To this day I don't understand Gold. If the economy totally collapses tomorrow, can I go to the grocery store and get a month's grocery with a gold coin? Will they accept that? Will my doctor accept a gold coin in return for giving me a physical?

So I don't pretend to understand it. I treat investing in stocks or gold no different than gambling. Bought and sold a plethora of stocks last month, the longest I held one was 20 days. Sold them out at anywhere from +2% to +6% and how hoping for a nasty correction so I can buy in again.

JediG
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If gold is going to be so valuable, why on earth are so many companies advertising all over TV to SELL Gold? If it's going to be so valuable, why wouldn't they be hoarding it instead of advertising to sell it?

Sort of exposes the lie about gold being in a "bubble", doesn't it?

If it were in a bubble, the lines wouldn't be forming at the shops to sell gold.

They'd be forming at the shops to BUY gold.
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So Bill Z, what's your opinion? Gold headed up or down ?
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Jedi If the economy totally collapses tomorrow, can I go to the grocery store and get a month's grocery with a gold coin? Will they accept that? Will my doctor accept a gold coin in return for giving me a physical?

Probably. Which is more than you can say for any kind of paper or plastic.

Other items reputed to have value after the crash:

antibiotics
spices
needles

More ideas:

http://blogs.survivalistssite.com/blog/mrb.php?itemid=92

http://alt-market.com/articles/146-top-post-collapse-barter-...

http://www.wealthdaily.com/resources/surviving-the-coming-ec...

Peter
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Thanks.

I've got most of that stuff in good supply in 2 locations.

The gold thing I just don't understand.

Hopefully things don't get that bad.

JediG
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