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Re: Gold Prediction: TAKE NOTE 

By: Decomposed in ROUND | Recommend this post (2)
Fri, 29 Apr 11 5:53 AM | 92 view(s)
Boardmark this board | De's Test Board 		Msg. 32720 of 45510
(This msg. is a reply to 32716 by fizzy)
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re: "What would you be doing NOW, De?"

Not silver. Silver is due for a BIG crash. It's just not clear when, but I think soon. I would recommend you unload the $32/oz silver you just bought.

Think about what's undervalued. Two obviously undervalued commodities are natural gas and uranium. A less obvious third continues to be GOLD (it should have an easy ride to $1,600/oz.). A fourth is farmland.

If you haven't bought a few dozen guns by now, you've made a mistake.

Have you loaded up on clothes? On my last trip to New Hampshire, I bought a dozen jeans, several ten-packs of socks, several multi-packs of various types of under-clothing.

Then other things. I recently bought a wind turbine for $550 and a 30 foot tower for $350. I'm going to buy TEN MORE turbines now that I've spoken with my cousin who said it would be an easy matter to crop trees and fix the turbines to their top. Combined, they will produce 4,400 watts which I think will be plenty for even a good-sized house.

I've got canning jars, and I just bought a ten-quart pressure cooker to go with them.

But I'm straying. These last few items aren't stores of wealth. They're just a smattering of things I've bought and which everyone should be stockpiling. You should probably continue with your farm and loading up on gold. Later, trade a few of the gold coins and purchase viable businesses that are financially strapped.

My silver purchase is now up tenfold from its initial purcahse, and my gold is up about half that. By 2020, I expect gold to rise ridiculously from its current level. Silver? Hard to say. It will double, but beyond that I'm not going to make any predictions.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: Gold Prediction: TAKE NOTE
By: fizzy in ROUND
Thu, 28 Apr 11 7:52 PM 		Msg. 32716 of 45510

What would you be doing NOW, De? It is tempting to dump more money into either gold or silver, bullion or miners. But are any of those really a good probability bet after such run ups? It seems like a long time with no BREATHING (basing or pull backs) of any significance. And the dollar is, of course, the counter-play ... down, down, down. Seems like Obama can't get no respect for his management of the political economy!!

I would like to get a lot more money out of dollars but it hurts to do it just now... not so much because I think the dollar is "worth more" (it isn't worth much of anything except as a vehicle for paying taxes, and taxes, and taxes!) but because it seems there should be some massive corrections in here somewhere!!!

I bought about $35k of silver IN AN UNALLOCATED FORM (similar to an ETF, I guess) when it pulled back to ...was it $34?...a month or two ago (how time flies in a currency collapse .. I can't even keep track of price and time!! I guess I could look at a chart, but what exactly does it matter??).

I was thinking last Friday that a near $50 top that I ought to maybe sell it and, maybe, switch to the gold ETF form (or more bullion?). I thought silver might finally be ready to really correct. But it isn't...though gold is surging.

In the final stages of the hard core dollar collapse to worthlessness (where all the pension puppies discover their government retirement fund totals, which drove them to 'work' in the 'safety' of a government or quasi government entity, can be redeemed for the grand total exchange value of one McDonald's "Big Mac" with fries) ANY price for silver and gold will be "cheap" by the next hour.

But I don't think we are there just yet. Although this last six months as got me to start thinking "Your days are numbered"! So, where is the big pullback to throw off all the doubting hordes, who still think the government "bright leaders" can be trusted to not drive the bus off the cliff?

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