Gold...$300?

[TOM4CWB]

Cottonpicken,

What about $300 gold in 2009?

[TOM4CWB]

C.P.;

What if,,,

The IMF and the central banks globally start selling gold...

Better question yet... WHY WOULDN't THEY?

[crusher]

Try $1,300

[cottonpicken]

God i hope so.

Many center banks have sold.

Canadas was sold under ralphies watch for under 300 in the mid 90's.If i remember correctly.Way to go piggy.

Its the paper market that is controlling things,i cannot imagine such a scenario.Most targets for the price are very,very high.

All info that we have been told would have to be an absolute lie,not out of the world of possibilities.

But the price of coffee at the supper market tells me we are ok.

[cottonpicken]

http://ca.youtube.com/watch?v=B8p-8DMEChg&eurl=http://goldismoney.info/forums/showthread.php?t=333652

part 2 of 1

check out the background at 1:10,i'll call that gold.

part 1 is good too.

[TOM4CWB]

"All info that we have been told would have to be an absolute lie,not out of the world of possibilities."

OK Cotton... explain why we are trying to print ourselves... out of debt?

If you are forced to make cash currency... what option will you have... BUT TO SELL GOLD!

No ONE YET has learned how to eat GOLD! Or even fill your fuel tank with it!

[liberty]

You may not be able to eat gold, (paper money isn't so tasty in any case) but governments cannot create more gold with a few keystrokes, unlike paper money and credit.

That's why gold is so useful as a medium of exchange: it holds its value over long periods of time, thus making possible economic planning over the long term.

The problem with paper currency is that an investor who puts money up front today for an investment that will take, say, a decade to pay off, cannot be assured that the purchasing power of his investment will be maintained over that period of time. Given the fact that the socialist central banking system seems hell-bent on papering the world with bills, it's little wonder that the stock market continues to slump. Who wants to invest a dollar today when inflation may reduce that investment to pennies in a few years?

I saw an interview with Swiss investor Marc Faber today, in which he pointed out that this whole economic mess can be traced, in part, back to the bailout of Long Term Capital Management years ago. That bailout sent a clear message to the markets: don't worry about the viability of your investments, because if you make big enough bets, central banks will just bail you out of your mistakes. So the investment mistakes just got bigger and bigger, and now the price tag to fix them threatens to sink the economy.

By keeping interest rates artificially low for so long from 2000 to 2004, the Federal Reserve essentially turned the economy into a casino. You really can't blame anyone for not gambling in those circumstances, because those who opted for safer investments such as bonds or term deposits got punished financially.

Bernie Madoff got away with his ponzi scheme for so long not because some regulator failed at his job, but because no one wanted to draw attention to the problems in the "casino" for fear of spooking investors and precipitating a panic.

I think we'll see gold at $3000 an ounce long before we see it at $300, simply because the longer this "stimulus" nonsense progresses, the less faith investors are going to have in paper currencies.

[classicalliberal]

Gold only has value becausee people think it is valuable. The same goes for money, it is only worth something because people think it is. I have alway found that the gold argument for a gold standard is that it could be any commodity. It could be grain, or it could be uranium. I don't think gold has any different characteristics that make it valuable than any other commodity.

[TOM4CWB]

CLASSYLIB;

YOU GOT IT BUD!

AT SOME POINT... THE ONLY THING LEFT TO SHORT... WILL BE GOLD!

OUCH!

[cottonpicken]

WOW

Some people have never heard of the laws of money and dont know the first think about economic history.

[gregpet]

Please Cotton tell us the first thing about economic history!

[Hopperbin]

Classic guy you just said what I was thinking but could not find the words.
I believe if ever the USA currency ever has crazy devaluation that gold will be first, but gold is not like any other commodity, people invest in gold because they can, people buy grain because they have to. Everything else is in between depending on how much you need everything else or food. Ever notice how a lot of people are sticking everything they have into the stock market and it is still dropping. That is scaring me more than anything, the lower it goes the more money is shoved into the bottomless pit, at what point do people say to themselves that doing nothing will make them rich?

[TOM4CWB]

c.p.;

I heard about $50/bu flax...

Flax is really good for everyone... we all should eat it every day... but don't. If we did... it would be $50/bu!

Human nature is an interesting study... the only thing we know for certain... is that there is nothing new in human nature... under the sun!!!

[cottonpicken]

Flax will hit 50.

Lets go back an astonishing 4 years ago.

What should the people of zimbabwe have done with any savings?
Bought buckets of wheat that would spoil?
Bought us dollars that were also collapsing?
Or bought 375 gold that went to over a thousand?

Anybody see the light YET?

[cottonpicken]

And somebody please explain to me the direction the m3 numbers will take with 60 trillion of unfunded liabilities that are on the books for the us.Let alone trillion dollar deficits.

And just because a few of you guys dont understand the value of gold about 5.99999999 billion other people do.

And the mathmatical models that are used to put value on "it" are now in the 5 digit range.