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TranceAddict Forums > Other > Political Discussion / Debate > G20 summit - does it make sense to start buying gold NOW?!
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ali92
Supreme tranceaddict



Registered: Dec 2001
Location: Fishtown, Philadelphia
Unhappy G20 summit - does it make sense to start buying gold NOW?!

Take a look at this link. Does this ring any bells in peoples' heads here?

Imagine waking up one day to find that your dollar or Euro or whatever was worth 100 times less than it is now (and that of course gold/silver/etc was priced two orders of magnitude higher than they were the previous day).

Old Post Nov-16-2008 06:43  United Nations
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Krypton
83.798 g/6.022x10^23



Registered: Nov 2003
Location: Texas

I've already got gold/silver locked up and hidden for times like these.


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Old Post Nov-16-2008 07:42  Korea-Democratic Peoples Republic
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ali92
Supreme tranceaddict



Registered: Dec 2001
Location: Fishtown, Philadelphia

quote:
Originally posted by Krypton
I've already got gold/silver locked up and hidden for times like these.
Awesome. I guess the best time to have bought it was 2003 when it was under 300 USD/troy oz.

Old Post Nov-16-2008 08:08  United Nations
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Krypton
83.798 g/6.022x10^23



Registered: Nov 2003
Location: Texas

oh yes. But today is a good time to buy. Silver is a great price right now.


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Old Post Nov-16-2008 08:25  Korea-Democratic Peoples Republic
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pkcRAISTLIN
arbiter's chief minion



Registered: Jul 2002
Location:

how on earth are the governments meant to fix the price of gold?


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Old Post Nov-16-2008 08:50  Australia
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Magnetonium
Dubstep = Douchestep



Registered: Sep 2001
Location: Port Burwell, Ontario, Canada

quote:
Originally posted by pkcRAISTLIN
how on earth are the governments meant to fix the price of gold?


If the currency collapses, the price of gold/silver becomes that much more - it doesnt drop with the currency. From what I understand.


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Whenever you go and buy something, you are affecting someone somewhere, be it environment, a person, or a community - you're making a statement with what you buy. So make it a smart choice ... Its a big picture

Old Post Nov-16-2008 13:55  Canada
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DrUg_Tit0
e^(i*pi)+1=0



Registered: Nov 2002
Location: Zagreb, Croatia

I'd say there's a potential for big earnings, but considering the current price, there's also a pretty big risk...


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1+1=10

Old Post Nov-16-2008 16:17  Croatia
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Lebezniatnikov
Stupidity Annoys Me



Registered: Feb 2004
Location: DC

So how many bits o' silver an hour will minimum wage be set at?


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Old Post Nov-16-2008 17:45  United Nations
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jerZ07002
Supreme tranceaddict



Registered: Dec 2006
Location:

quote:
Originally posted by Lebezniatnikov
So how many bits o' silver an hour will minimum wage be set at?


if the euro and dollar both collapse a few chunks of metal really isn't going to help. in any event, which currencies would people trade the gold for, the yuan? not likely.

Old Post Nov-16-2008 21:25  United States
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Krypton
83.798 g/6.022x10^23



Registered: Nov 2003
Location: Texas

quote:
Originally posted by jerZ07002
if the euro and dollar both collapse a few chunks of metal really isn't going to help. in any event, which currencies would people trade the gold for, the yuan? not likely.


The currency would revert back to metals and barter.


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Old Post Nov-16-2008 22:17  Korea-Democratic Peoples Republic
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Lebezniatnikov
Stupidity Annoys Me



Registered: Feb 2004
Location: DC

quote:
Originally posted by Krypton
The currency would revert back to metals and barter.


Which is retarded.


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Old Post Nov-16-2008 22:20  United Nations
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jerZ07002
Supreme tranceaddict



Registered: Dec 2006
Location:

quote:
Originally posted by Krypton
The currency would revert back to metals and barter.


you are a confusing kid. sometimes you say some pretty smart things.....then you lay down one of those.


let me ask you something. if a barter system was reintroduced, how would you barter for your energy? are you going to trade stock advice with the CEO of your power suppliers? Barter is not feasible in our economy, and suggesting its return shows a real lack of understanding of basic economics.

Old Post Nov-16-2008 23:10  United States
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TranceAddict Forums > Other > Political Discussion / Debate > G20 summit - does it make sense to start buying gold NOW?!
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