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Forum Post: GOLD!

Posted 2 years ago on Dec. 1, 2012, 12:03 p.m. EST by richardkentgates (3269)
This content is user submitted and not an official statement

Thats why the intentional misinformation about the fed on this forum. And as most investors in gold, these guys are redneck idiots, also why their racism slips from time to time. LMAO, a bunch of damn Glen Becks and Rush Limbaughs. The idiots of the investor class. WOW. Totally makes sense now.

10 Comments

10 Comments


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[-] 1 points by niphtrique (323) from Sneek, FR 2 years ago

Gold has been a good investment during the last decade.

Most investors being racist redneck idiots is an ad hominem argument that is not relevant.

What will happen in the future I do not know, but if the currency system collapses, then you may be happy owning some gold.

[-] 2 points by GypsyKing (8719) 2 years ago

Could you guys shift your investment talk to some forum that isn't completely opposed to investment talk - like to the goldman sachs forum, if they have one. Just WTF is this doing here?!!

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[-] -2 points by hchc (3297) from Tampa, FL 2 years ago

Well, it was 250 an ounce in 2001 before Bush announced his Ownership Society bullshit, which smart people took as getting ready to run the printing presses on overdrive.

Thats a straight 600%.

If you think the governement is getting ready to be responsible, probably time to sell it. If you dont, hold onto it.

Of course, they took everyone's gold before. Will they do it again? And then revalue it twice as high once its consolidated?

[-] 0 points by Nevada1 (4851) 2 years ago

Fed, Bank of England, Chase Morgan and Barrick, did big gold manipulation thing. http://www.gata.org/node/1858

Just thinking about BOE auctioning away tons of gold for near $250/oz. Many British citizens were upset about national wealth being squandered. Likely, it went to the Rothschilds. Then gold explodes.

[-] 0 points by hchc (3297) from Tampa, FL 2 years ago

Ya I read about some of that, I cant remember who the guy was that brought all that up recently...

[-] -1 points by MarkKevin (-46) 2 years ago

Well, I guess I'm gonna hold on to it. I don't see promises to the FSA changing soon.

[-] -2 points by john23 (-272) 2 years ago

Not sure if they're redneck idiots - anyone investing in gold over the last decade has done better than 99.9% of professional investors and money managers out there.

Remember gold started at 35$ an ounce.

Agree with you on Glen Beck and Rush though....couple of jackasses.

[-] 0 points by MarkKevin (-46) 2 years ago

You don't buy gold as an investment. You buy it as a hedge against fractional currency and currency devaluation.

If you really look at it correctly, gold hasn't risen. The dollar has devalued so it takes more dollars to buy an ounce.

[-] 0 points by john23 (-272) 2 years ago

Right...while the gold has held its value. Actually if you look at it closely - gold has gained a small amount of value over the last 100 years....while the dollar has lost 96% of its value.

[-] -1 points by richardkentgates (3269) 2 years ago

Gold is a lagit investment, it doesn't drive prices of living goods like food or energy. It just explains a lot.