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Old 10-28-2013, 17:47   #276
Jonesee
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Originally Posted by NeverMore1701 View Post
Yes, exactly. Minus the kids and future generations part.
I already have kids and will have future generations.
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Old 10-28-2013, 22:10   #277
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Originally Posted by Geko45 View Post
That's just plain silly. What would really make you happy is stockpiling a semi-scarce commodity of limited utility value.
Funny how all the Central Banks of the world are stockpiling that same commodity.

When fiat fails, and it ALWAYS does, gold is left standing. We are about to enter another fiat failure.
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Old 10-28-2013, 22:13   #278
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You mean like caring for my family?
Gold holders care for their families.

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Sending my kids to college?
Gold holders send kids to college.

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Helping my grandkids get through college?
Gold holders help out grandkids.

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Contributing to, and putting a balanced portfolio together to live on and enjoy life when my wife and I are retired?
We'll see about that. US dollar denominated financial assets are going to die and horrible death.

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Buying undeveloped land for my future heirs and generations?
Gold holders can do that.

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You mean stuff like that?
Those things make me happy.
So it seems gold holders can do all those things as well.

So what's your point? Oh, that's right. You think the US dollar is immune to crashing because we have trillions in unfunded liabilities, right? Okay.
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Old 10-28-2013, 23:07   #279
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The fiscal gap of unfunded future liabilities for Social Security, Medicare, Medicaid, and government pensions is $200 trillion.
Yep, no need to own assets that are not US dollar denominated.

Stay away from gold and silver. Only an idiot would buy and hold them in this type of environment.
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Old 10-29-2013, 04:44   #280
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Funny how all the Central Banks of the world are stockpiling that same commodity.

When fiat fails, and it ALWAYS does, gold is left standing. We are about to enter another fiat failure.
Name one country that went to gold and silver as the currency after a collapse.
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Old 10-29-2013, 06:47   #281
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Glocksanity's true identity finally struck me ...

The Okie Corral
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Old 10-29-2013, 08:04   #282
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Stay away from gold and silver. Only an idiot would buy and hold them in this type of environment.
No, only an idiot would buy and hold only gold and silver, in the belief that they will magically and arbitrarily be "repriced" at some ridiculous level.

Commodities look like they're going into a long term bear market. Which isn't surprising given the incredible bull market which started in the early nineties and topped in 2011. If the CCI breaks support at 500 you can bet on a long term bear market.
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Old 10-29-2013, 11:44   #283
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Remember boys and girls, Freegold is free floating gold around $55,000 per ounce.
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FreeGold is based on the theory that gold has a value much higher than what the markets say. The Central Banks of the world are aware of this value. They trade gold amongst themselves based on this higher value.
http://fofoa.blogspot.com/2008/09/freegold.html

If you're going to evangelize a theory and expect credibility in the slightest, the basis of the theory should be well documented and explained.

Do any of your posts expand on those three sentences, or is the reader expected to simply take it as a fact?
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Old 10-29-2013, 18:38   #284
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http://fofoa.blogspot.com/2008/09/freegold.html

If you're going to evangelize a theory and expect credibility in the slightest, the basis of the theory should be well documented and explained.

Do any of your posts expand on those three sentences, or is the reader expected to simply take it as a fact?
I couldn't care less about credibility. I don't want it or expect it. I only offer a suggestion about where the price of gold is going.

Do your own due diligence if you are interested. If not, carry on. I have provided links for further reading and study. A word to the wise is sufficient.
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Old 10-29-2013, 18:43   #285
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Name one country that went to gold and silver as the currency after a collapse.
I am not talking about one country having their currency collapse, I am talking about a restructuring of the world's reserve currency, which happens to be the US dollar.

When the US dollar is fully abandoned as the world reserve currency, it will collapse in value. Gold will replace it at a much higher price, around $55,000.

Pretty simple concept you don't seem to have mastered. Agree with it or not, you don't seem to understand the basic premise of what I am talking about.

Carry on though. You will be sitting at the head of the crow eating table when the time comes.
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Old 10-29-2013, 18:44   #286
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I couldn't care less about credibility. I don't want it or expect it. I only offer a suggestion about where the price of gold is going.

Do your own due diligence if you are interested. If not, carry on. I have provided links for further reading and study. A word to the wise is sufficient.

Translation:
"I can't cite a reputable source"
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Old 10-29-2013, 18:45   #287
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I am not talking about one country having their currency collapse, I am talking about a restructuring of the world's reserve currency, which happens to be the US dollar.

When the US dollar is fully abandoned as the world reserve currency, it will collapse in value. Gold will replace it at a much higher price, around $55,000.

Pretty simple concept you don't seem to have mastered. Agree with it or not, you don't seem to understand the basic premise of what I am talking about.

Carry on though. You will be sitting at the head of the crow eating table when the time comes.
I picture you in some crazy purple robe, sleeping in bunk beds waiting for your mythical $55,000 gold.
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Old 10-29-2013, 19:06   #288
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Let's look at some real YTD returns.
Gold has lost 19.3% YTD
The S&P has gained 21.32%

Those that remained invested in gold have a real loss of $193 for every $1000 invested and missed a real return in the market equivalent to $213 for the same $1000 invested.

Glocksanity has an opportunity loss of 40.6% through a mere 10 months.

Still, he will stand and scream his advice from the rooftops.

Last edited by Jonesee; 10-29-2013 at 19:14..
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Old 10-29-2013, 19:16   #289
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Let's look at some real YTD returns.
Gold has lost 19.3% YTD
The S&P has gained 21.32%

Those that remained invested in gold have a real loss of $193 for every $1000 invested and missed a real return in the market equivalent to $213 for the same $1000 invested.

Glocksanity has an opportunity loss of 40.6% through a mere 10 months.

Still, he will stand and scream his advice from the rooftops.
He'll be along shortly to remind you how much smarter than the rest of us he is.
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Old 10-29-2013, 19:38   #290
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You guys can laugh at the OP if you want, but we're all going to be paupers, burning our dollar bills for heat, while he sits on millions of dollars worth of gold in 2020. Cough.
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Old 10-29-2013, 19:44   #291
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You guys can laugh at the OP if you want, but we're all going to be paupers, burning our dollar bills for heat, while he sits on millions of dollars worth of gold in 2020. Cough.
Just ask him, he'll tell you!
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Old 10-29-2013, 19:54   #292
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Just ask him, he'll tell you!
He already has. Pay attention!
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Old 10-30-2013, 09:21   #293
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There is a middle ground position on PM.

If a person has significant net worth - define it how ever you choose.

Having a % of your assets in gold & silver is not a bad thing.

I will say 2% - 7.5% is not an unreasonable range.


Besides gold & silver coins are sort of cool.


I think Goldmart.com has the best prices right now - but most are within a few $ -

Not saying I think gold with magically reset to $55K - but you have to admit - governments and central banks are going crazy.

I am starting to doubt they will be able to stop the money printing and deficit spending - until the market forces them to and that is going to be harsh on anyone with financial assets.

Could also impact PM as they will also be sold when the margin calls come flooding in on stocks and bonds.
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Old 10-30-2013, 11:08   #294
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He'll be along shortly to remind you how much smarter than the rest of us he is.
Not necessarily smarter, but wiser for sure.
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Old 10-30-2013, 11:09   #295
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Originally Posted by Jonesee View Post
Let's look at some real YTD returns.
Gold has lost 19.3% YTD
The S&P has gained 21.32%

Those that remained invested in gold have a real loss of $193 for every $1000 invested and missed a real return in the market equivalent to $213 for the same $1000 invested.

Glocksanity has an opportunity loss of 40.6% through a mere 10 months.

Still, he will stand and scream his advice from the rooftops.
And here comes Jonesee, cherry picking dates to prove a point.

The wise man would see this a great time to buy gold on sale. You see it as a loss. Joke's on you but you don't know it.
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Old 10-30-2013, 12:07   #296
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There is a middle ground position on PM.

If a person has significant net worth - define it how ever you choose.

Having a % of your assets in gold & silver is not a bad thing.

I will say 2% - 7.5% is not an unreasonable range.
I don't disagree with this.

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And here comes Jonesee, cherry picking dates to prove a point.

The wise man would see this a great time to buy gold on sale. You see it as a loss. Joke's on you but you don't know it.
Cherry picking?

Equities have outperformed PMs over literally hundreds of years. The only current time period PMs have outperformed equities is maybe the last 10 year period. If you look at any other period: 1 year, 5 year, 15 year, 20 year, etc. Equities provide a better return. Over longer periods of time, equities provide a much, much higher return.
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Old 10-30-2013, 14:41   #297
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Equities have outperformed PMs over literally hundreds of years. The only current time period PMs have outperformed equities is maybe the last 10 year period. If you look at any other period: 1 year, 5 year, 15 year, 20 year, etc. Equities provide a better return. Over longer periods of time, equities provide a much, much higher return.
Gold is money, not an investment. For the last 40 years or so, the paper gold market wants you to believe gold is an investment, but it is really money.

That is why its price will be reset to great heights and that is why central banks hold it. It is the ultimate vehicle for saving because there is no counter party risk. Gold cannot default.

You will find this out soon enough...and then you will weep if you do not hold it. Stock up on Kleenex.
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Old 10-30-2013, 17:44   #298
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Gold is money, not an investment. For the last 40 years or so, the paper gold market wants you to believe gold is an investment, but it is really money.

Gold is a commodity.
Gold is traded on the commodity markets.
Gold is not a currency (or "money" as you call it)
It is not traded on the currency markets.

Gold is an investment.
Most often used as a hedge in larger portfolios.

Last edited by Jonesee; 10-30-2013 at 17:48..
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Old 10-30-2013, 17:55   #299
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Gold is a commodity.
Gold is traded on the commodity markets.
Gold is not a currency (or "money" as you call it)
It is not traded on the currency markets.

Gold is an investment.
Most often used as a hedge in larger portfolios.


Not money nor currency?
Can you expand on that please?

Does trading on "the currency markets" define currency?


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cur·ren·cy noun \ˈkər-ən(t)-sē, ˈkə-rən(t)-\
: the money that a country uses
: a specific kind of money
: something that is used as money
: the quality or state of being used or accepted by many people



mon·ey noun, often attributive \ˈmə-nē\
: something (such as coins or bills) used as a way to pay for goods and services and to pay people for their work
: a person's wealth
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Old 10-30-2013, 17:57   #300
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Glocksanity reminds me of the late comedian Andy Kaufman.

Seriously, follow me on this.
Kaufman would indulge himself in elaborate comedic ruses that he carried on for great lengths of time.

The public never really knew if he was serious or not. And, he wouldn't admit that it was all self indulgent performance art.

Was Kaufman a comedic genius or a self indulgent buffoon?
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