who's buying gold? http://peterschiffblog.blogspot.com/2009/09/outlook-for-goldwe-are-going-to-have.html http://www.youtube.com/watch?v=P4hzx8_HnNE
Forget gold - silver has a great potential for great returns. Gold is just reflecting the weakness in the USD.
its not about investment returns, its about maintaining value as everything else collapses around you. silvers good too though.
That's why so many adverts on UK television ( and probably globally, too ) have sprung up about buying any unwanted gold jewellery.
Damn right. Smart people are buying gold, but REALLY smart people are investing in silver. Notice how high gold has gone, while silver has moved that much, I mean, it is going up, but not at the rate of gold. Silver will ultimately outperform gold, I've been buying a bunch of it for a couple of years now and I will continue to do so. Silver, adjusted for inflation from its $1980 high of $50 per ounce, should be $125 an ounce today. But this is just the tip of the iceberg, because those of us who have researched this metal know that there are major supply shortages, that each year we are consuming more silver than we are mining. Silver is consumed, while gold is hoarded, and this makes me realize that silver is worth even more than $125 an ounce based on its intrinsic value. I think it is should be about $400 and some are even saying that it could surpass gold someday in price. If silver becomes the new gold, and you started buying it at $12 an ounce like me, well, you'd become an overnight millionaire. Anyone who thinks that silver reaching the price of gold is unrealistic is simply not well read on the subject. First, you have the global financial crisis, which primarily is a result of fiat currencies. Second, you've got the rise of India and China, and their demand for tools and appliances that will require silver. Third, you've got advanced being made in technology in areas like nanotech, where silver or silver ions are being used. Fourth, there is evidence that the prices of both silver and gold are being manipulated. All these factors suggest that at some point in the future, silver will reach a staggering price, perhaps becoming the new gold. I've seen those ads. I've also seen the ones about "turning in your gold for cash." If anyone does this they are dumb as bricks, never trade gold, even jewelry for cash, because cash has an intrinsic value of zero. In the world of finance, there is a saying that goes like this: he who has the gold makes the rules. Cash is king so long as the government is financially responsible, and or this cash is backed by gold. Without this two measures set in place, Gresham's Law comes into play, and the bad money will force the good money into hiding, which is what is happening right now with precious metals. If anyone of you reading this are truly serious about investing in metals(which I highly recommend), I would not invest without first reading a booked called "The Rich Dad's Advisors Guide to Investing in Gold and Silver." Written by Mike Maloney, and a part of my personal collection of books, he basically goes over the history of gold and silver, why it is the ultimate form of money, why America and many other nations are in the mess they are today financially, and most importantly, how you can become fabulously wealthy by investing in it:http://www.amazon.com/Rich-Dads-Adv...=sr_1_1?ie=UTF8&s=books&qid=1252717032&sr=8-1 I've read 27 books so far this year, this is one of them and I consider it to be the Bible for investing in silver and gold. The author also tells you "how" to buy gold and silver and how to avoid being scammed. No one knows the future with any certainty, and it can be dangerous to make predictions. However, statistics, a knowledge of economic history, and a bit of common sense reveals that it is a highly probability that gold and silver will rise dramatically in the future. Will gold suddenly drop fast? Eventually gold will fall, nothing stays up forever, and as Mike Maloney says in the book I referenced above: the world of investing is waves and cycles. Right now the stock market is down and commodities are going up. Mike in his book describes it like a never ending pendelum, swinging from one side(real estate and the stock market), back to the other side(gold silver, wheat, uranium, oil, and other commodities). History shows that when one side goes up, the other goes down. This is very true, because after gold hit its all time high of $850 in 1980, it then sunk down big time, but it never returned to the levels it was in the early 70s. As gold and silver fell, real estate and the stock market went up, and the real estate and stock market grew from the 1980s largely through the 1990s, ending with the crash of the dot com bubble. If you are observant, you will notice that just as news of the dot com bubble popping went around the world, we entered a new cycle where gold and silver starting to rise. Real estate continued to rise after the dot com bubble, and recently ended with the real estate crisis. Now real estate and the stock market is down, and gold and silver is up. My strategy is to amass large amounts of gold and silver now, and once commodities become overvalued, use the gold and silver to acquire real estate properties or other businesses that produce cash flow. Buy the stock market through index funds while it is down. Once silver and gold falls, my real estate and stocks will rise as we enter another inevitable bull market, the pendelum would have swung back to the other side. If you now how to invest with the cycles, you can become a multi-millionaire or even billionaire. This is how you do it, you buy when everyone is selling and sell when everyone is buying.
you sound like you know what youre talking about (as much as anyone does in a very uncertain world) dude. hopefully without sounding too lame, thanks for sharing ps seo ibiza now doing small business seo packages for only 1.23 oz of gold
When the dollar is strong and you have lots of it, do the unconventional thing and "waste" a lot of that buying gold. To ask why is as sophomoric as asking why something can be priced in less dollars tomorrow than today, but can be worth more energy required to acquire that money. When currency is a commodity, it is no longer a store of value. When our paper currency is strong, that is when you must get RID of it for tangible assets such as Gold that can drop in price, but will never reach 0, and will never be worth less than any paper currency. If you want to get high returns, choose other precious minerals and elements such as platinum (catalyst production booming) or the "new gold," silver. Protip: Tiffany's jewelery company has been skyrocketing. Why? Gold. Silver. Platinum.