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| Just mobilize it |
What do you all think about the near and maybe distant future for the price of gold? It went up considerably since last year at this time, understandably after the rona, but it came down some again. Will it rise to or above 2K again? If Biden has his way I feel it may though I’m not as educated obviously than some of you. | ||
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Fighting the good fight |
*shakes Magic 8 ball* "Outlook uncertain." Gimme a few minutes, and I'll try again. | |||
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Member |
Nobody really knows but I think it will. Everything's (real estate, equities, gold) gone up because there's nowhere else to put your money. You would think inflation has got to rear its ugly head pretty soon because of all the government debt. I wouldn't move everything to gold but I'm thinking about adding considerably to my position. I buy the hard stuff, not paper. | |||
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| Lawyers, Guns and Money  |
Gold is a store of value. What do I mean by that? I mean it holds it's value over time. For as far back as you can reasonably look... gold has held it's purchasing power. Fiat (government) currencies have not. As Voltaire famously said, 'Fiat currency always eventually returns to its intrinsic value--zero.' "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Member |
Exactly. Think of gold as a battery which holds wealth, not as an investment in the traditional sense. Historically, when a government begins operating the printing presses, the price of gold increases relative to the inflated currency. The value of gold however remains generally stable, regardless of how many paper notes are required to represent the buying power of the metal. | |||
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I'm Fine |
So, what is the cheapest or easiest way to buy ounces of gold ? ------------------ SBrooks | |||
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| NRA Life Member |
One of the first things that FDR did was to outlaw the private ownership of gold with a few exceptions. He especially went after the gold coins still in circulation at the time. He got it all at $22 an oz. He then set the gold standard at $35. It reminds me of how new Roman emperors used to lower the silver in the coinage. The Roman rulers did it until their coinage had no intrinsic value. Why is no one afraid todays political class won't do the same with privately owned gold? | |||
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| Lawyers, Guns and Money |
No one can trust today's political class. We can't even trust that we can have an honest election. I don't know if that's an argument against owning gold though. Maybe it's an argument in favor of more secure and secret storage.  "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Member |
Gold won't go up,it will just take more dollars to buy it. The purchasing power of dollars will go down. When the government can print endless dollars at will and continue to deficit spend without limit, the value store the dollars represents falls. There might be fluctuations in the price of gold but it historically rises as the dollar becomes worth less. Does anyone really believe the Government will become fiscally responsible? What will be the outcome if they continue on their current path? _________________________ "Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it." Mark Twain | |||
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| Member |
People much smarter than me generally say the gold bull market started in 2015. Gold bull markets generally last about 10 years according to history. This would lead us to believe we have about another 5 years of a bull market. That said, we will see ups and downs along the way according to history. Of course, this time could be different. | |||
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| Doing what I want, When I want, If I want!  |
JP Morgan got their hand slapped awhile back for manipulating gold prices. It should be higher than it is now. Most assume that Morgan is right back at it because the consequences were so light. Banks are buying all the gold that they can. The US is printing so much cash that it will fall. That is when gold and silver will prevail. ******************************************** "On the other side of fear you will always find freedom" | |||
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Member |
Platinum is actually low right now. I'd suggest purchasing a few ounces if you have the means. Desperate Times Call for Desperate Measures. NRA Shotgun Instructor NRA Rifle Instructor | |||
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| Just mobilize it |
Good points guys thanks as usual! | |||
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