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re: Start buying gold and silver now

Posted on 8/24/15 at 2:30 pm to
Posted by Tiger Bawlz
Southeast of Disorder
Member since Dec 2007
1977 posts
Posted on 8/24/15 at 2:30 pm to
quote:

Economic mumbo jumbo. The truth is everything is falling apart. The new currency is fear and we're all rich as hell. Society is done and now only the strong will survive.


Posted by bigrob385series
B. Aura
Member since May 2014
2634 posts
Posted on 8/24/15 at 2:37 pm to
never understood this mentality...so if the dollar is worthless/society collapses...what the frick good is gold and silver going to do?people will go back to trading and bartering and u know what will be of value?ammo,canned goods,alcohol etc.that's just my thought on the matter, but buy away!
Posted by VetteGuy
Member since Feb 2008
28355 posts
Posted on 8/24/15 at 2:39 pm to
Thanks Wiki, but I'll follow better advice.
Posted by bbvdd
Memphis, TN
Member since Jun 2009
25080 posts
Posted on 8/24/15 at 2:51 pm to
quote:

Value of dollar will drop even more


Why do you say this? ~30% of the international GDP (China) is about to shite the bed and their government is actively devaluing their currency. How is our currency going drop?
Posted by LSUBanker
Gonzales, La
Member since Sep 2003
2552 posts
Posted on 8/24/15 at 2:55 pm to
quote:

Value of dollar will drop even more


Dollar collasping? I hear this a lot!

Even if it does, what's the alternative?

Answer: Only, The US Dollar!
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 8/24/15 at 3:04 pm to
quote:

People said this from 2008-2012 and the price of gold and silver is lower now than it was then. frick precious metals.


I did pretty well on gold between 08-2010, but I haven't (and probably won't) gotten back in the metals markets.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 8/24/15 at 3:06 pm to
quote:

Even if it does, what's the alternative?

Answer: Only, The US Dollar!


There is a big world out there, many different value containers.
Posted by lsufan112001
sportsmans paradise
Member since Oct 2006
10723 posts
Posted on 8/24/15 at 4:24 pm to
Is Skynet going to accept gold and silver? probably not....
Posted by offshoretrash
Farmerville, La
Member since Aug 2008
10178 posts
Posted on 8/24/15 at 8:03 pm to
Sheeet I am retiring ealry, I put all my money in sports cards! Can't wait to sell those 1990s sets.
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 8/24/15 at 9:05 pm to
quote:

never understood this mentality...so if the dollar is worthless/society collapses...what the frick good is gold and silver going to do?people will go back to trading and bartering and u know what will be of value?ammo,canned goods,alcohol etc.that's just my thought on the matter, but buy away!



I have thought the same.

A person can't eat gold, nor use it to harvest game.

Cigarettes, pussy, booze, and guns / ammo will be the most valuable.
Posted by offshoretrash
Farmerville, La
Member since Aug 2008
10178 posts
Posted on 8/24/15 at 9:11 pm to
quote:

Cigarettes, pussy, booze, and guns / ammo will be the most valuable.


So you are saying I should buy a tobacco farm, live in a whore house and stock up on Jim Beam? Sounds like one helluva investment!
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80804 posts
Posted on 8/24/15 at 9:36 pm to
quote:

I have thought the same.

A person can't eat gold, nor use it to harvest game.

Cigarettes, pussy, booze, and guns / ammo will be the most valuable.
agreed
Posted by Jag_Warrior
Virginia
Member since May 2015
4133 posts
Posted on 8/24/15 at 11:12 pm to
quote:

I've got to sign up for my reverse mortgage first


That'll take too long. Sell all your dividend paying stocks first (that's a scam) and then do credit card advances.

You can thank me later.
Posted by Volvagia
Fort Worth
Member since Mar 2006
51916 posts
Posted on 8/25/15 at 12:30 am to
quote:

Still, the volatility is staggering. The Dow moved up and down over 3000 points in the first 90 seconds of trading today


That's the main thing that keeps me from thinking that this is just a correction.

Even if there is no "trigger" for a crash, all of this pent up panic make end up making one up. Seems like all there needs is a spark
Posted by Gevans17
Member since Dec 2007
1135 posts
Posted on 8/25/15 at 7:54 pm to
quote:

cashed out my 401k and roth IRA this morning going to put all the money in a box in my closet
. Don't forget to save some $$ for the taxes and penalties.
Posted by tigercombat
Member since Jun 2015
53 posts
Posted on 8/25/15 at 8:24 pm to
have 2000 share in exxi at 1.40 avg. going long.
This post was edited on 8/25/15 at 8:25 pm
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16928 posts
Posted on 8/25/15 at 9:04 pm to
quote:

A person can't eat gold


Oh lordy. The good old "you can't eat gold" argument. Gold is not for eating. The purpose of gold is it's a store of value. It's a medium of exchange. You can store gold and exchange it 10 years later. You can't do that with a dozen eggs.

Posted by WiscyTiger
Bear Lake, WI
Member since Nov 2008
1417 posts
Posted on 8/26/15 at 6:55 am to
quote:

buying gold and silver now


Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73242 posts
Posted on 8/26/15 at 11:33 am to
quote:

Even if it does, what's the alternative?


Central Bank of Iraq Dinars

amirite?
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/26/15 at 12:17 pm to
quote:

2 words: Iraqi Dinar

so 2 thou & late: dinar

new hotness: MVIS
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