Buy gold soon
I just watch a short interview with Doug Casey, this man is very smart, he says that gold is going to the moon. http://www.smartstox.com/analyst/doug_casey/ Click on that link. There is also alot of other information he talks about which is very important, the breakdown of the USA etc, it only goes for 8 minutes, but I tell you now you must listen to it if you want to save yourself and others from financial ruin.

Fuck Gold. This stuff is worth more than gold per gram

No, I think silver is the metal. Gold's value would die if there was found a way to artificially synthesize it. Gold, while certainly being a better investment than paper money, is still less stable than silver. Silver, while not worth nearly as much as gold, is still worth quite a bit. Silver, reason why I like it, it's not worth enough to artificially synthesize, and it's actually a useful metal. Gold is purely an aesthetic metal, there isnt much for industrial usage of gold, while there's a still a bit more industrial usage of silver (silver solder for brazing metal together, wires that need very high conductivity, ect). Also, silver is much better for SHTF (shit hits the fan), like an economic collapse, war, great depression, and TEOTWAKI (the end of the world as we know it) far off things like the UN or zombies or aliens or whatever, that may possibly happen but wont inevitably happen like an economic collapse. Gold, you're likely to get scammed when you go to sell it for whatever local currency, or when you barter. Only way you're going to get the true value of that gold coin you bought is to take it to a bank or metal trader. Silver, on the other hand, since it's worth less, if you were to trade a silver coin for something not of it's full value, you wont feel bad, but if you're forced to trade a 800 dollar gold coin for a television or something, you will feel very bad. But metal in general is good to invest in. For example, a long time ago, my dad told me to save pre 1973 pennies, because they're made of copper, and new pennies are copper coated zinc. So I kept them, but then after a while, I just rolled them up and spent them. Then lo and behold, a year after I spent them, copper prices go soaring. Copper is now 3 dollars a pound, and people are going crazy. People are stealing copper wire, stealing bronze sculptures, stealing industrial stuff made of copper because it's worth so much now. With metal, the value will almost NEVER get lower. Even if the metal's supply and demand is still the same, it will always raise up due to inflation. People in the USA that dont have their heads in the clouds are now recognizing inflation. Before the Iraq war, we could go to Canada, and get 1.5-2 Canadian dollars for one US dollar. But now, we can only get one Canadian dollar per US dollar (real exchange rate is one Canadian dollar=1.05USD, but with conversion fees it comes to a dollar or sometimes less.) and stuff in Canada costs a lot compared to USA, in Canada it's 2-3 dollars for a soda machine, while in USA, it's only on average 1.25 for a 20 ounce soda from a machine. So, reason why investing in metals is good, is because the price only raises with inflation. Let's say you pay 10 dollars for an ounce of silver right now. A house costs 100,000 dollars or so now. In the 70s, one could get a house for under 10,000, but now all those 10,000 dollar houses are hundred thousand dollar houses. If you save in metal, and you buy 10 dollars worth of silver, you will have paid 10 dollars in fiat money (paper money) but due to inflation, the silver price will only rise, while if you keep 10 dollars in fiat money, the fiat money will only devalue. There is an example, that one guy used, if you save a little bits of money, you'll be a millionare by retirement. But, a million dollars by the time you retire assuming you start in your early 20s, that million dollars will be lucky to buy a house. But, if you buy silver, your silver will only increase in value. Also, buying weed is retarded for investing. So what it's worth more per gram? It has a shelf life of like 2-3 months. Also, by the gram it's worth more, but certainly not by the pound or ounce. Yeah, you could part it out and sell by the gram, but that'd take a long time, and it'd land you in jail. Also, cocaine is worth much more than weed, and has a shelf life of probably at least 10 years. But, still, illicit drugs are bad because they dont keep their value very well, because they get old and the price fluctuates very much. Also, it's illegal, and if you sell them, you're at least taking a ton of risk, and at most, you'll go to jail for a while.

Oh, well have fun. Reason I thought you werent bullshitting, because I've heard potheads actually say stuff like that in seriousness. I dont personally like pot (tried it) but have fun.

Yes, thank you. I am having fun. Though I only smoke marijuana OCCASIONALLY. I would not consider myself to be a pothead.

People turn to gold as safe haven in times of crisis, but in a strong economy you want other assets. You don't want a stagnant metal that you can use for electronics and jewelry only. A hundred years ago you were at risk of long economic crises, but that era is gone. Today the global economy is doing well, setbacks are only temporary, and things are only set to improve further. What you do have today is scam artists trying to get morons to buy precious metals by telling them fables about an imminent world collapse, and as you can see it has worked.

ATA, maybe you ought to read the newspapers with regards to the expected economic development for the next 20 years - it was a very interesting article in yesterdays West Australian. We can expect good times on this side of the country for the next 20 years, thanks to China's booming economy :)

Jaguar b. p. You definatly show your extreme ignorance on the matter. What will propel gold higher is chinese demand, Sure you can say a strong economy causes gold to go down, infact it is the opposite, there's only a limited amount of gold in the world and gold above ground stocks increase at average 1-2% per year, With India and china industralising and becoming more wealthy they will buy gold as they have a tradition for it. Way governments calculate inflation is say the demand and the price of pigs go up, farmers add more pigs to the feed lot and the price goes down while total demand has gone up, this does not work for gold, even with gold price increasing 3 fold in 6 years, supply has not increased, I have been telling people to buy gold since year 2000, bet you wished you bought then, but no you will keep saying I am wrong. I have been correct on almost everything, I warned people about empending peakoil....and to buy oil. As I have said I have studied extensively in the financial area, I have been studying articals from the financial sense university for many years. I read both the Financial Sense Editorials and the Financial Sense University Editorials as well as the radio broadcasts, this is much better than the WSJ www.financialsense.com http://chart.finance.yahoo.com/c/6m/l/lnc.ax This is LNC, it is a company that produces coal to oil in africa, I said to buy it in april this year at .30 http://chart.finance.yahoo.com/c/3m/r/rau.ax This is a gold miner which got hurt with heavy debts loads, I believed in accumulating the stock for I said that the price of gold will go higher and the companines debts will not matter anymore as their profits from gold would increase making their debts trivial. You see I know what is happening, I have demonstrated it many times, yet people here continually say I don't know what I am talking about, the people who don't know what they are talking about are the people who say that about me! I have a nice little gold stock that has been beaten down lately which I am convinced will increase 10 fold over the next 1-2 years.....and get this, this is even if gold doesn't keep rising or it falls. As I have said I am a expert in this area, I know, I study it over 10 hours a week, probably more and have been doing so for many years. The ignorance is outstanding here, sure the world economy looks great, similar things have happened in the past in other countries, but it's been though excessive credit expansion, in the past there's been econmies which have done this and people have touted them as "miracle economies" because they look so good until they suddenly totally collapse, look at the asian tiger economies and what happened to them in the late 1990's. http://boomp3.com/m/38115dc7e3c8 I made a short 1 minute mp3, alittle abit about the future of europe and abit about the us dollar. Kinda scary whats going to happen to europe. 10/30 US Home Prices Fall Again 10/30 Consumer Confidence Falls to 2-year Low 10/30 Fed Rate Cut This Week Not a Sure Thing: Report 10/29 New Wave of Job Cuts Hits Health Care 10/29 Fed Sees Many Problems, Uncertain Solutions 10/28 Fed Concern at Expectation of Rate Cut 10/28 The Catastrophist View: What Would It Take to Send the US Economy... 10/26 U.S. Homeownership Rate Falls Again, Longest Streak of Declines Since 1981 10/26 Plan Would Increase Economic Forecasts 10/25 U.S. Business Investment Gains; Rise in New-Home Sales Seen as Temporary 10/25 Fed Is Considering Doubling to Four Its Economic Forecasts, Officials Say 10/25 U.S. Existing-Home Sales Fall More Than Forecast as Loan Standards Tighten Jaguar I just copied and pasted the latest list of finance headlines and you say it's clear sailing ahead, you are one of the ones who will get wiped out. You are very complacent.

ATA you post many times about getting into gold. But you don't say when to get out of gold. Without that information, your advice is almost worthless. How long should people sit with their money tied up into gold? If your answer is: forever, then that is the same as throwing the money away since they will never see it do anything else for them.

BILL: Yeah, at Gold Rush 21 our historic conference which the Russians came to a lot of us felt that price is going to go to between 3,000 and 5,000. And I still do. And as far as a bubble price again you’re right the number two guy at the Russian central bank two years ago Oleg Ornikov cited GATA’s work, and according to the Russians gold should have been between 740 and 760 back then, just to have kept pace with inflation. So we’re far from a bubble. I know the public in America is just not in this gold market yet. <58> JIM: No, I think they’re still chasing momentum stocks – Google, watching Cramer – but I can tell you your average guy in the street isn’t going out putting his 401K money into gold funds – even if he could get one, nor is he buying gold stocks. This has largely been contained I think to the gold community itself, but in terms of the broader market John Q Public has no idea. Maybe he heard gold is going up 700 but ask him is he buying gold and I would probably get a resounding no. BILL: You get that from everybody. The interesting thing is no more do they laugh at you if you talk about the gold market, they used to sneer in the gold days, but just as you say if you ask them are you in it. No they’re looking at it. It’ll probably take a price of $1000 to get the US public involved. Probably sell out at around 5k an ounce. I recommend you listen to GOLD: The Once and Future Money http://www.netcastdaily.com/broadcast/fsn2007-1020-2.mp3 Get yourself educated first, then ask me questions, it will save me and you alot of time. Also watch this http://video.google.com.au/videoplay?docid=-3722322239582877266&q=doug+casey&total=48&start=0&num=10&so=0&type=search&plindex=5

I really wouldnt look to gold to get rich quickly. It's not good for that. However, it is a good way to start a savings account, as it never gets devalued by inflation, and it never really goes down significantly. I still think silver is better, just due to all the reasons I said before, where what if gold gets artificially synthesized or whatever. As far as economic collapse, I think USA is gonna get hit hard, because we dont make nearly as many products anymore. You could say it's due to just the Chinese making good cheap stuff, but it's also because America is not trying anymore. America is marketting based mostly on image and patriotism, not on performance/quality of their products. Take Harley Davidson bikes for example, they use a 2 cylinder 1200cc engine to make a 12,000 dollar bike that makes a whopping 67 horsepower. Then, you see a Suzuki Hayabusa, it has 150hp and costs the same. Is it because of slave labor, no, Japanese workers get paid more than American workers do. It's because in other countries, people dont buy their lifestyles from products. So Harley can get away with selling a bike that looks like it came out of a post WWII auction here in USA, because people buy it due to the image of leather clad people and patriotism, but nobody else wants it because it's junk. Also, America's currency is crap because of the Iraq war...