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Re: Gold Prediction: TAKE NOTE

By: fizzy in ROUND | Recommend this post (0)
Fri, 29 Apr 11 8:41 PM | 55 view(s)
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Msg. 32730 of 45510
(This msg. is a reply to 32720 by Decomposed)

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Some of these things we've discussed before but, in any case, I appreciate your timely and thoughtful response. I'm going to exit that silver ETF today if I can get out at current prices. I will try to switch to a gold fund rather than hold dollars.

IF the dollar is going to rebound it needs to do it soon. But what would make a green frog's leg jump when the frog, itself, is dead?

I'm glad to hear you're happy with your wind turbine or otherwise feel it will work well for you. I wish I had a consistent wind for my own property. Buying an energy stream is clearly ONE of the critical steps to security in the years ahead. You don't want to be dependent on oil when the dollar dumps 50% down.


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon


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The above is a reply to the following message:
Re: Gold Prediction: TAKE NOTE
By: Decomposed
in ROUND
Fri, 29 Apr 11 5:53 AM
Msg. 32720 of 45510

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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