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I disagree. Gold is too unstable for something so predictable. It would be more accurate to say something like, "global fiat currency", "one world order", "mass confiscations at gun point", or "renationalization of gold standard", but in any of these scenarios, simply not talking about it and holding on to it means in some odd years or decades, it turns into your grandkid's college fund.

I'm sure most of the members of this guild have studied economics for years on end. When I got interested in gold, it was about $325/oz. I kept telling people "buy gold", but never did myself. Since then, the price of comic books, gasoline, and milk have all risen to approximate the rise of gold - that is, until China, India, and the Euro.

Each of these have very different things to say, and a recent astronomy report tells us even more.

1. China is buying gold like an Egyptian Pharoah obsessed with remaking a Brendon Fraiser movie - by the millions. They are buying it for luxury as well as for electronic components, since they have a tech sector that could feasibly quadruple in the next 10-15 years. That's going to drive the price of gold through the roof.

2. India is now sifting through ancient temple hoards of gold, apparently measured in tons. While still in debate, that has the possibility of flooding the market down the line, but not in literal, but rather digital paper/paranoia terms. That will bring the price of gold down, and compete with the reality of Chinese investment.

3. Italy and Greece are causing Germany to s**t Hitlers. That's possibly the crudest and best way to describe the politics right now, because sadly, this is the reality: Germany is the core of the European economy; the european economic force is trying to centralize its power and take over the European polity; Germany doesn't want to be stuck to the failures of Greece and Italy; Greece wants to devalue their native currency and stick it to Germany; Germany is the most advanced economy and military in the Eurozone and they are still butt hurt over WWII; the US Fed is thinking about NOT bailing out the Euros right now; Switzerland was recently talking of converting to the Euro and fiat currency instead of a gold standard; China is thinking of Bailing out Italy; the Euro is either going to devalue or implode; or WWIII

4. Astronomers recently reported our Gold, the stuff we find on the surface is actually from meteors and our own earth gold is already part of the molten core, so whatever estimates we thought we had are completely off; the amount of 'deep digging' for gold could be a total lie.

Did I mention before Fukushima, Japan started making gold available in vending machines as a response to the American economic crisis?

What does this all mean?

It means more gold going into the Indian Economy from thin air,
more fiat debt from the US being traded for real Gold going into China
Chinese currency being devalued by failed Italy
Germany economy being destroyed by failed Greece
US Dollar being jerked around like a man whore in a bondage club


Japan China India having s**t tons of Gold
Americans having s**t tons of Inflation
Germany having s**t tons of Hitlers

We're ********.. fo-sho...

but let's be sensible. After The Great Depression and WWII, just a few years after cities were firebombed or nuked, we had something of a golden age of exploitation - those with the gold exploited everybody else because bullion was the only stable currency in a time when people would sell their houses for a dollar. I'll try to post some relevant article/charts in a bit.

No. China right now has a gigantic economic bubble and once it does burst, then the value of the Yuan will go up. That means the exchange rate will make gold very cheap.


Which means a bigger supply and less value. Plus they are selling gold more than anything which helps their GDP. They certainly not hoarding it to stay.


You did get the part where I said that the US dollar was backed up by gold DURING the great depression. That alone proves that gold doesn't have a standard. It is vulnerable to market forces the same way everything else is. This whole Euro crisis is very exaggerated. The value of the Euro despite the bailouts has remained far above the value of the American and Canadian dollars.


That's a lie if I ever heard it.


Which exactly fortifies my point. You are so idiotic about economics, that you don't see both sides of that story. You see it as the Japanese wanting to invest in gold. I see it as big business trying to throw it away. Businessmen have a better grasp of market forces than consumers.


That you are a retard when it comes to economics.




Most value of items comes from labor in what is called the Labor theory of value. What that means is that most of the value of an item stems from labor more so than the materials and what is happening in China is that since more people are being employed, the goods there are going up in price which means inflation. Gold has nothing to do with it. You're simply implying that correlation equals causation.


I don't know if you are ignorant or trying to excuse the bad behavior of an inflated material, but it's not working on me. Every example you gave proved my point. You are not a genius with economics. Infact, you suck.

Quit wasting my time. Gold is going sideways until markets stabilize. As for Indians not hoarding...

http://in.reuters.com/article/2011/09/10/idINIndia-59222720110910

Now GTFO COINTELPRO.

BUY MOAR GOLDZ!!! SELLZ @ $2000 OMGWTFBBQ!

Right now is an excellent time to buy metal, because the european market is crashing. I would suggest gradually buying more as the market tumbles, and pulling back from purchasing when it starts rising again.

When markets crash, you end up with massive deflation. What does that mean? It means the value of currency goes up which means the value of gold will go down.

Physical then. You need those metals with you not in some bank...