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Buy Gold and Silver While You Still Can

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indiaBPOking

unread,
Nov 20, 2009, 7:52:49 PM11/20/09
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Nickname unavailable

unread,
Nov 20, 2009, 11:00:18 PM11/20/09
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please follow your own advise. invest all of your little pieces of
paper in gold.

Me, again!

unread,
Nov 21, 2009, 4:46:06 PM11/21/09
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I'd be selling my gold/silver now. It is obviously another bubble. Anyone
who can't see that is blind or can't think.

Nickname unavailable

unread,
Nov 21, 2009, 6:36:06 PM11/21/09
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when ever there is a fever, like constant adds on television touting
quick riches by selling gold, you know its a bubble.

Beam Me Up Scotty

unread,
Nov 21, 2009, 9:01:38 PM11/21/09
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Hopefully you bought way more than you needed for a balanced diverse
portfolio and now you can take the profit and buy some cheap houses.

Me, again!

unread,
Nov 22, 2009, 11:22:48 AM11/22/09
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All of those "J"-shaped curves are not sustainable for very long, and
curves I'm seeing in WSJ are shooting up faster every week.

Pretty soon.

Me, again!

unread,
Nov 22, 2009, 11:32:08 AM11/22/09
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All the guys, whomever they are, who are now into Euros and Yen, are going
to be looking at cheap USD and frothing at the mouth.

A WSJ article a couple months ago said a whole lot of Japanese housewives
are playing currency trading from home, and have been for many years.

I'm not "into" money that much (my pensions and Social Security are enough
for my needs, and my retirement house is paid for), but I've been watching
the graphics on exchange rates for some time now. Sometimes one goes up,
the others go down. Sometimes its the other way around.

I don't know if you remember back in early 1980s when Bunker Hunt cornered
the silver market (and gold [and other strategic metals] went up like mad,
too), then the commodities trading commission changed the rules so nobody
could buy new positions in gold, and the price just dropped like a lead
brick in a few days. A lot of people got caught with their mouths hanging
open. And, then gold was way below peak value for more than two decades.

Cheap houses? Make sure you know what you are getting into, there, too.


Nickname unavailable

unread,
Nov 22, 2009, 12:17:58 PM11/22/09
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cash is king in a deflating economy. and we appear to be in one. i
would be careful in any investing or purchasing right now.

Beam Me Up Scotty

unread,
Nov 22, 2009, 12:36:57 PM11/22/09
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The risk is high and the reward will be taxed high by Obama....

It's NOT a good buy and investors know it, that is why the USD is going
to be worthless.

kim

unread,
Nov 23, 2009, 12:20:15 AM11/23/09
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If that's the case, gold would be going up with the dollar going down.

kim

unread,
Nov 23, 2009, 12:23:48 AM11/23/09
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Actually, I have some "cash" in a money market account based on the
Treasury. It's been going down about 0.1% every month this year.

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