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G20 summit - does it make sense to start buying gold NOW?!
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| ali92 |
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). |
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| Krypton |
| I've already got gold/silver locked up and hidden for times like these. |
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| ali92 |
| 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. |
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| Krypton |
| oh yes. But today is a good time to buy. Silver is a great price right now. |
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| pkcRAISTLIN |
| how on earth are the governments meant to fix the price of gold? |
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| Magnetonium |
| 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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| DrUg_Tit0 |
| 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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| Lebezniatnikov |
| So how many bits o' silver an hour will minimum wage be set at? |
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| jerZ07002 |
| 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. |
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| Krypton |
| 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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| Lebezniatnikov |
| quote: | Originally posted by Krypton
The currency would revert back to metals and barter. |
Which is retarded. |
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| jerZ07002 |
| 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. |
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