A Time To Buy Gold?
In my mind, there is no question about the fact that gold is headed up.
It is, and always will be, an investment in confidence when everything else looks bleak. And folks, if you are conscious, things look bleak. Whether they are bleak or they are not, is always a matter of perspective. But now, gold will benefit from an investor's (big and small) NEED to make an investment in hope. Whether the fundamentals are there or not does not matter to jump start the next leg of this gold bull market, I assure you of that.
Why did gold run up and through $1000? It began that rally when the "mess" we find ourselves in started to stink. And, when the credit crisis finally became front page, undeniable news, gold soared. If you thought it found its legs in July, just wait and see it sprint in Q4.
If it were an honest choice between Treasuries and gold (or silver, to a lesser extent), gold would win hands down. The Government knows, of course, that rational people would choose gold over their 'fiat Treasuries' backed by their increasingly worthless fiat dollars. So, they have been systematically driving the apparent value of gold down with massive naked shorting of gold. In short, they do what they know best – 'print' paper gold and flood the gold market with it to give the impression that the value of gold is also going down! To a great extent, it does fool many if not most of the people.
I've been enjoying the fruits of gold for many years now and it is always the same story. At the end of the run, the analysts are left bewildered, saying something like: "There was absolutely no reason for it to make those types of gains; and, so quickly". I beg you all to use my hindsight and buy some confidence to offset the vomit-inducing losses the markets are handing you. When negative, unprecedented economic events are playing out right in front of you, buy gold. Ask yourself these questions tonight: "Are there unprecedented economic events playing out right now?" How is the value of your home faring? How are your investments faring? Do you remember Freddie and Fannie? How are your friends doing who work at Lehman, AIG, Bear, Merrill? Are there wars being fought anywhere on the globe tonight? How do you feel about the United States Dollar? Arizona silver nuggets
When the world is collapsing around you, people tend to run where they can. Gold has had some value for thousands of years, Fiat or paper money has been around for hundreds. But it has only been in the last 50 that all paper currencies are no longer tied to either gold or silver.
Neither of them can be created willingly as is the Case of the Dollar currently. When the chickens come home to roost, they will find a burning hen house. The world is awash in dollars, more so every day. All it will take is a few small emerging market nations to sell their dollar reserves to bolster the purchasing power of their own currencies i.e. prevent inflation.
Houston defense attorneys
I am not an economist or anything even remotely related to such professionals. However, one thing which I cannot understand is why would the commodity prices (including Gold) will fall in the long run when every country has decided to print more currency and flood the banks with more currency. At some stage this currency will be in the hands of people who will use it to pay higher prices for the same goods we buy now, inflation will have to be high and under those conditions, all commodities will have to be high as well. Can someone explain why there can be deflation and falling commodities when trillions of dollars (and Euros and Pounds) will flood the system with paper money.
San Diego cosmetic surgery
Because of clever manipulations of gold swaps and leases and other paper games and in some cases even outright sales of physical gold by governments that are desperately trying to keep the right to print money, most people are unaware or still not convinced of the value of the precious metals and don’t consider paper to be just that paper… yet.
Acne medicine
Gold is wonderful because it keeps the fiat money men attentive to what they do. But it is useless since the fiat money men can not make gold (yet), they must be mindful of gold as store of value. Today we know the “we can print our way out of this” crowd is calling for more paper. But the world knows that paper is no store of value, to the contrary, it is the illusion of value.
California attorneys
Anyone want to unload some gold and silver, I’ve got this really awesome greenish paper! The world loves it! It’s, it’s, its . . . almighty! Hail the $! HA! I’ve known the $ was toast for 2 years now, there was a spark of hope B4 that. All common sense is out the window.
Sacramento attorneys
My wife gets an article of jewelry every once in a while, either gold or white gold (as a silver lookalike). She gives me a gold ring once in a while, preferably with Gold Coral in the mount, 18ct. is the ideal.
She likes the Jewelry aspect, I like the investment aspect.
Gold prospecting