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Silver Surfer
Penny Pincher Member
USA
148 Posts |
 Posted - 05/21/2009 : 22:02:58
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There are a lot of ads and commercials heavily pushing investing in physical gold. Found this recommendation from one individual who advises against investing in physical gold and claims now is the time to sell. Just one man's contrarian opinion. Never heard of this individual but I've been considering if now is the time to buy gold or not. Will gold go higher, or much higher like we hear in the ads or will it drop like a rock? Wish I had a crystal ball. Some of this makes sense. Like many of you, I think gold prices may soar due to perceived and/or realized future hyper-inflation.
Again, this is just a contrarian's opinion but something to consider if one desires to make an informed decision before investing.
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"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 05/21/2009 : 22:11:21
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| I dunno, if gold does drop like a rock. I'd buy it anyways. |
Trolling is an art. |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 05/21/2009 : 22:37:32
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I would hold at this point. Would have been better to buy when gold was on a downswing a few weeks back.
BUT there's some real problems with the US economy that may fuel gold through the roof. So IONO. |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 05/21/2009 : 23:25:38
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| Always good to read differing opinions... |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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fb101
Administrator
USA
2856 Posts |
Posted - 05/22/2009 : 06:03:44
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| Interesting read. Maybe worth consideration, there will likely be a time when this is correct. |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 05/22/2009 : 07:11:58
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wow... gold and silver still moving up. As of this writing, silver now at 14.80, gold $958. I'm wondering when it'll hit resistance $15 / $970?
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Edited by - buyingsilvers on 05/22/2009 07:16:54 |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 05/22/2009 : 12:35:18
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| This articles holds the opinion that it's best to do the OPPOSITE of everyone else, which is a rather tried and true investing strategy that capitalizes on human nature. That being said, the world economy is in a very bad state, so there is a good chance that metals will rise above current prices not too long form now. |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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Article: 12 Reasons to Short Gold
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