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Don Diego may be right...................

garthman83
garthman83
Mar 6, 2011
11:34pm
Block User
Quote
Originally posted by: forkush
Paper money is worth whatever we think it's worth. Gold is worth whatever we think it's worth. Although gold is much better for making jewelry.


Gold has had value since the beginning of time. If the US economy collapsed gold and other metals would still hold value. Gold and other metals are precious metals in a global economy and not just the US economy. It would still hold a high value.
INdianapaddler
INdianapaddler
Mar 6, 2011
11:47pm
Block User
I have faith in the USA and the resiliency of our economy. I am amazed, though, at the number of doomsayers running around like Chicken Little screaming about the sky falling.

Beware of self-fullfiling prophecies.
pjstroh
pjstroh
Mar 7, 2011
12:05am
Block User
Peter Schiff is a perma-bear economist which means he looks like a genius whenever the US economy falls into a bear market....and he looks like a moron whenever the US economy falls into a bull market.

Schiff has been telling his clients for the last 2 years about a double dip recession that never happened and his clients can now thank him for missing the last 4000+ points in the DOW.

As to the debasing of the US dollar..its certainly possible. There is little debate in this country that we need to get the deficits under control. There is much debate on how we do it.

Don
Don
Mar 7, 2011
12:07am
Block User
DonDiego's favorite posts are posts about DonDiego !

Time will tell if DonDiego is, indeed, right.


Quote
Originally posted by: KayPea
For those investing in gold and other precious metals, do they ship a box of metal to your house or do you just see a number on a computer screen that represents the amount of metal you own somewhere but you have no idea where to go to pick it up and take it home to start making the jewelry that you'll eventually trade for food?
They will pretty much do whatever KayPea requests them to do.

KayPea could purchase actual physical gold today, . . . and have it shipped to her domicile in a box. As DonDiego types he notes the following typical prices:
1 gram Credit Suisse Bar @ less than $70.


1 ounce 2011 US Gold Eagle @ something over $1500. (Minted by the US Government)


1 Kilogram Johnson Matthey Bar @ under $48,000.


Or KayPea could invest in a Gold Bullion Fund which, in fact, purchases gold as money is invested in it, . . . and stores it, presumedly, in a safe place - and reports minute-by-minute on KayPea's computer screen the value of her investment, less expenses, . . . or KayPea could purchase bullion and have it stored for her, again at some cost, and just possess a receipt for her serial-numbered gold bar(s), . . . or KayPea could invest in gold futures, . . . or KayPea could invest in a gold mine stock.

As DonDiego has written in earlier posts he owns shares in a tiny Canadian Gold Miner, . . . and the shares have been worth more than his house for some time now. In February the shares rose a mite over 26%. So far in March, as of 11:00am EST, the shares have risen an additional 7.5%.


Oh, . . . in passing DonDiego notes his coal miner had been up 16% TODAY !, . . . now it is up only 12%.



Life is good.




Julie
Julie
Mar 7, 2011
12:35am
Block User
Quote
Originally posted by: KayPea
For those investing in gold and other precious metals, do they ship a box of metal to your house or do you just see a number on a computer screen that represents the amount of metal you own somewhere but you have no idea where to go to pick it up and take it home to start making the jewelry that you'll eventually trade for food?


They ship it to you in a box. Don't ask how I know.
bilbo b
bilbo b
Mar 7, 2011
1:02am
Block User
I'm afraid I haven't spent the 30 - 45 minutes to view the video, but I feel I've gotten the gist from the comments. All I can think is that, if the US economy goes belly up, it's not the value of gold or foreign currency that concerns me, it's the value of living in the Hell this country might become. I suspect I would only need one bullet.
MisterPicture
MisterPicture
Mar 7, 2011
2:20am
Block User
Quote
Originally posted by: DonDiego
DonDiego's favorite posts are posts about DonDiego !

Time will tell if DonDiego is, indeed, right.


Quote
Originally posted by: KayPea
For those investing in gold and other precious metals, do they ship a box of metal to your house or do you just see a number on a computer screen that represents the amount of metal you own somewhere but you have no idea where to go to pick it up and take it home to start making the jewelry that you'll eventually trade for food?
They will pretty much do whatever KayPea requests them to do.

KayPea could purchase actual physical gold today, . . . and have it shipped to her domicile in a box. As DonDiego types he notes the following typical prices:
1 gram Credit Suisse Bar @ less than $70.


1 ounce 2011 US Gold Eagle @ something over $1500. (Minted by the US Government)


1 Kilogram Johnson Matthey Bar @ under $48,000.


Or KayPea could invest in a Gold Bullion Fund which, in fact, purchases gold as money is invested in it, . . . and stores it, presumedly, in a safe place - and reports minute-by-minute on KayPea's computer screen the value of her investment, less expenses, . . . or KayPea could purchase bullion and have it stored for her, again at some cost, and just possess a receipt for her serial-numbered gold bar(s), . . . or KayPea could invest in gold futures, . . . or KayPea could invest in a gold mine stock.

As DonDiego has written in earlier posts he owns shares in a tiny Canadian Gold Miner, . . . and the shares have been worth more than his house for some time now. In February the shares rose a mite over 26%. So far in March, as of 11:00am EST, the shares have risen an additional 7.5%.


Oh, . . . in passing DonDiego notes his coal miner had been up 16% TODAY !, . . . now it is up only 12%.



Life is good.
Yep, bubbles sure are fun!

Of course DonDiego must have a stop-loss order, so it will be the latecomers that get killed.
Don
Don
Mar 7, 2011
2:29am
Block User
Quote
Originally posted by: forkush
. . . DonDiego must have a stop-loss order, so it will be the latecomers that get killed.
Stop-Loss Orders are for sissies !

DRich2
DRich2
Mar 7, 2011
2:33am
Block User
Why would anyone want to have gold shipped to their house?

Why not just get it out of the machine at the Golden Nugget?

https://www.goldennugget.com/amenities/gold_to_go_atm.asp
KayPea
KayPea
Mar 7, 2011
2:34am
Block User
Quote
Originally posted by: forkush
Of course DonDiego must have a stop-loss order, so it will be the latecomers that get killed.


At which point you'll have to box up all your gold and ship it back in to your broker.
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