Trapshooters Forum banner

Status
Not open for further replies.
1 - 16 of 16 Posts

·
Banned
Joined
·
4,738 Posts
That price might mean something if the dollar had any value. It sounds like a big deal until reality kicks in.... like...weak dollar,fees,taxes,inflation.
 

·
Registered
Joined
·
1,747 Posts
Do you remember when bread was 29 cents/loaf? The dollar is doomed because of the Obama program.

Buy something of real value - maybe real estate - because the dollar is printed without any value backing. The people with real assets will survive - gold - and the rest of the pigeons will be broke.
 

·
Banned
Joined
·
4,738 Posts
Interesting read....whether you agree or even understand this guys message,.....it's an interesting read.

Notice that this was written over 7 years ago.
 

·
Registered
Joined
·
8,332 Posts
So, are you going to sell? You don't technically make any money unless you sell. Seems like a stock that paid a dividend would be more useful, unless you had to have gold to buy bread.
 

·
Registered
Joined
·
860 Posts
You can make money trading gold if you buy it right and sell it right. However, adjusted for inflation, the price of gold should be $2200.00 per oz. Check it out.
 

·
Registered
Joined
·
1,425 Posts
Personally I don't think it will stop until $3000 and maybe more. The next round of quanative easing(MORE BAILOUTS AND MONEY PRINTING) is set for after the elections and it should drive the price even higher.
 

·
Registered
Joined
·
3,852 Posts
Discussion Starter #14
What I have not heard here is CHINA.. What they do in the next few months to either revalue their currency.. or devalue ours..will also start comming into play..
 

·
Registered
Joined
·
1,425 Posts
China is very quietly selling it's US bonds and buying gold. The rest of the world is tired of funding our deficit spending and it seem the only buyer is the Federal Reserve. Which means we get to pay them dividends on our own bonds. Now that is pretty cool.
 
1 - 16 of 16 Posts
Status
Not open for further replies.
Top