marketwatch.com — SAN FRANCISCO (Marke****ch) -- The U.S. Federal Reserve gave gold the fuel it needed to restart its engine and the precious metal has already driven through the trading range barrier it's been stuck in for the past month. 'Buy gold! Buy silver! Buy them because they're the only defense against what's happening in all the other markets!!'
Jun 29, 2008 View in Crawl 4
xero040486Jun 29, 2008
Amazing how kd1s and CHANNELOCK have the exact same story.
chromavitaJun 29, 2008
If you believe in the apocalyptic scenario of werewolves, then it would be much wiser to invest in silver...
angryfirelordJun 29, 2008
Gold is a universally accepted standard and is immune to the inflation and borrowing tactics of the Federal Reserve. The time is to buy gold so that you can sell it at a later point for more dollars or if you buy the physical thing, it'll serve as backup in case the dollar completely collapses. The Fed has made paper money worth almost nothing at this point.
rromanchukJun 29, 2008
diggs utter lack of economic fundamentals scares the s**t out of me. "You can't eat gold or silver. Precisely what good would it do you to own a ton of it if the world goes to hell and you (along with everyone who isn't a farmer) is starving? Why would the farmer take your gold? It can't just have value because "it's valuable." There has to be a reason."I almost threw up in my mouth after hearing that.
Closed AccountJun 30, 2008
I got the gold kit yesterday. I'm going to spray paint a brick gold, wrap the prepaid envelope around it, and send it in. They'll owe postage, and I'll have a good laugh.
richmomzJun 30, 2008
I know the value of my labor has not doubled since 04, though I AM paying double for gas, medical care and food. Unfortunately in times of inflation wages are one of the LAST areas to see an increase in value.
richmomzJun 30, 2008
The Euro will be the next to fall.
staticthunderJun 30, 2008
I'm with Tweekster. My experience with tailored suits says otherwise. Who are you, diamond Jim?
nympheJul 1, 2008
I prefer silver myself. Far more useful than gold and I predict will rise more percentagewise than gold:<a class="user" href="http://www.silverinstitute.org/">http://www.silverinstitute.org/</a><a class="user" href="http://www.kitcosilver.com/">http://www.kitcosilver.com/</a>Don't buy numismatic coins! Those are the ones that can lose value when you go to sell them.
synarchyJul 1, 2008
You really want to use computers as a gauge for inflation? Next you and KMye will be telling me there is no inflation of FRNs because you can now get an iPhone for $200.There is certainly a little bubble for gold caused by the rush to move to it. Does that make you and KMye feel better? There is a reason why the government has removed food and energy from the CPI calculations.
hoogie7dowserJul 2, 2008
Where do you get such nice deals?