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House Price Crash forum > Investment > Gold and other precious metals
Peter & The Wolf
Mar 14 2008, 07:18 PM
From Kitco Gold thread:


QUOTE
When gold starts inching up to the 1k mark, I find myself cheering for it, GO, GO! But in reality, it's a sad day. The economy is fried!
I really bought gold because I knew it was a pretty safe haven for maintaining wealth. When it starts to outperform the markets, we are in serious, serious trouble man!
I'm glad I got in when I did but it's still sad to see the mess coming up ahead... average Joe just wants to feed his family and hope his kids do better than him. He has no idea what lies ahead and in reality, I don't think we really grasp the fulness of it either. It don't look pretty to me.
Why do I find myself happy that gold is gonna' blow the 1k mark?
I just hope those who have, help the have not's when the time comes.


wren
Mar 14 2008, 07:54 PM
Precisely.

I try to point people to information and encourage them learn about the bigger picture about fiat money.
wren
DrBubb
Mar 15 2008, 04:11 AM
Gold's rise through $1,000 ... is a message for the financially hard-of-hearing.

Same message in other words:

"The comfortable fantasies that have sustained the American Dream for several decades, are fading fast. 2007 was the year when we took a peek behind the curtain, and saw what financial machinations are sustaining the world's largest economy. American consumer spending represents 25-30% of global GNP, but the money that Americans are spending is not all their own, nor is much of the energy we are using. Keeping the oil and the money flowing relies on spin, financial manipulation, and statistical adjustments which are now being exposed as fiction.

If the dollar loses its purchasing power, how will US energy consumers go on importing the oil they need to maintain an extravagant lifestyle?"
itzoverrover
Mar 16 2008, 06:45 PM
I agree with all of you. A lot of people looking at, or just now buying into precious metals are looking to the 1970's boom as a guide to where we might be heading. I don't think we're heading back to the 1980's myself, I think we heading back to 1880's blink.gif
Compounded
Mar 16 2008, 10:37 PM
QUOTE (DrBubb @ Mar 15 2008, 04:11 AM) *
If the dollar loses its purchasing power, how will US energy consumers go on importing the oil they need to maintain an extravagant lifestyle?"


War?

Chavez is a probable target.
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