So , if Platinum, which actually has a use ( catalytic converters), can drop that badly.....
How secure can you feel with Gold ?
The main use of Gold is to sit in vaults... because it always has been highly valued... so it always will be ?
Why isn't it trading well over $1,000 now ?
My problem with Gold is that it isn't used for much beyond jewelry, and tiny amounts in electronics. Man could live just fine without it.
Gold was $1,000 in 1980.... that would be something like $2,500 today, just to break even ( no interest), for holding it for 28 years.
Who is taking Gold for food and stuff in dire times ahead ?
I'd rather not be too into Gold. Farmland ( I'm sounding like Fishhead !), might be more like it. Perhaps less precious metals like copper ?
I know you can't move copper like Gold, but at least it is needed.
How secure can you feel with Gold ?
The main use of Gold is to sit in vaults... because it always has been highly valued... so it always will be ?
Why isn't it trading well over $1,000 now ?
My problem with Gold is that it isn't used for much beyond jewelry, and tiny amounts in electronics. Man could live just fine without it.
Gold was $1,000 in 1980.... that would be something like $2,500 today, just to break even ( no interest), for holding it for 28 years.
Who is taking Gold for food and stuff in dire times ahead ?
I'd rather not be too into Gold. Farmland ( I'm sounding like Fishhead !), might be more like it. Perhaps less precious metals like copper ?
I know you can't move copper like Gold, but at least it is needed.
gold only useful leading up and during big time economic problems as far as the financial structure and fiat money and the safety of people's money is in question
pre 1987 crash it ramped up predicting the crash it predicted it and soon after the crash gold went back down and gave the all clear signal that it was just a one time event and we fine
gold ramped up prior to all this mess going on right now it was predicting all this turmoil and will stay up as long as the banks are under pressure and stuff
gold usually does the best prior to the storm coming out for everybody to see.......its generally gobbled up by smart money that sees major problems forming in the economy that will eventually implode.......
once they restore the faith in banks and clear out all the bad debt and such and get past the recession/depression whatever gold will fall back down but we got a few more years in my estimation till that happens
this ain't no 1987
its always a safe store of value in fucked up times
i agree its not a good investment as far as say holding if for 10+ years
than again nothing is
equities as far as dow and S&P are flat since the late 1990s now
and before everything is all said and done will probably be flat since the early 1990s
pre 1987 crash it ramped up predicting the crash it predicted it and soon after the crash gold went back down and gave the all clear signal that it was just a one time event and we fine
gold ramped up prior to all this mess going on right now it was predicting all this turmoil and will stay up as long as the banks are under pressure and stuff
gold usually does the best prior to the storm coming out for everybody to see.......its generally gobbled up by smart money that sees major problems forming in the economy that will eventually implode.......
once they restore the faith in banks and clear out all the bad debt and such and get past the recession/depression whatever gold will fall back down but we got a few more years in my estimation till that happens
this ain't no 1987
its always a safe store of value in fucked up times
i agree its not a good investment as far as say holding if for 10+ years
than again nothing is
equities as far as dow and S&P are flat since the late 1990s now
and before everything is all said and done will probably be flat since the early 1990s
I wish it had some greater uses than that, and sealing bad marriages, and a tad in your puter. It ain't used in circulating coinage, anymore ! It just gets stashed away in vaults.
Would Man be any worse off, if all this stored Gold just was transported away by aliens that needed it ? Now I sound like Railbird ! :think2:
We don't need it for much of anything... really. Therefore I question its' future value.
Why is it valuable.... if you don't need it for much of anything ? You gonna eat it, or something ?
Silver is down to like $10, from $20 earlier this year.
More industrial metals like copper and nickel,are way down, esp. nickel.
I'd buy Silver before Gold, personally. None of it matters in a doomsday scenario.... you'll get killed for your Gold anyway !
Corn is where it's at ( back to Iowa and Fish ! :missingte)
chacun ses gouts ! :toast:
More industrial metals like copper and nickel,are way down, esp. nickel.
I'd buy Silver before Gold, personally. None of it matters in a doomsday scenario.... you'll get killed for your Gold anyway !
Corn is where it's at ( back to Iowa and Fish ! :missingte)
chacun ses gouts ! :toast:
silver is an industrial metal too alot of its demand is based on that arena
in the 30s silver did poorly
gold did just fine
everybody sold whatever they had left to run to the gold fields
now is a little different in that the gold isn't tied to fiat money in anyway like it was back than so the verdict is still out on how it will perform
but so far so good
commodities have crashed (many have fallen more in percentage terms from top to bottom than in the 30s) while gold has held its ground to date
p.s. corn did shitty in the 30s too
some farmers instead made whiskey due to the prohibition to get by
templeton rye good shit :grandmais
The value of platinum last year
As munny....$1000
For industry.$1000
................-------
Value.........$2000
The value of gold last year and THIS year
As munny....$1000
For industry.$1
................-------
Value.........$1001
The value of platinum THIS year
As munny....$1000
For industry.$1
................-------
Value.........$1001
:toast:
Rhodium is down from about $16k to $2k
As munny....$1000
For industry.$1000
................-------
Value.........$2000
The value of gold last year and THIS year
As munny....$1000
For industry.$1
................-------
Value.........$1001
The value of platinum THIS year
As munny....$1000
For industry.$1
................-------
Value.........$1001
:toast:
Rhodium is down from about $16k to $2k
