Gold - The RWNJ currency

[Captain Oates 911]

Glenn Beck and the right wing have been pushing gold god and guns for a long time now.

Buying gold is a political statement and it says you despise your government and the country is doomed and you need it to barter for ammunition and camouflage tents

That is why I short it

It's down down down and I get a double buzz from making money at the same time as watching Glen Beck and his crazies get one in the eye from their beloved markets

[mawilson 2,133]

Be careful, Alan. Central banks have printed so much money that gold at $1,700 is cheap and will be cheap at double that price or frankly any price.

Gold is primarily an inflation hedge and we haven't seen any real inflation yet.

But the amount of money that was created out of thin air is truly scary.

[Ban Hammer 13,400]

Glenn Beck and the right wing have been pushing gold god and guns for a long time now.

Buying gold is a political statement and it says you despise your government and the country is doomed and you need it to barter for ammunition and camouflage tents

That is why I short it

It's down down down and I get a double buzz from making money at the same time as watching Glen Beck and his crazies get one in the eye from their beloved markets

if you have enough ammo stockpiled, you don´t need gold

[Captain Oates 911]

The problem in the world right now is lack of money and not too much - sales and cut prices and promos everywhere

This lot is sliding towards a slump which is disinflation

If that is true, gold, the unproductive asset, will be dumped to pay bills

If repos were confident of winning the election, cutting costs and avoiding inflation, they should sell gold

Perhaps they know they won't win the election and inflation will be the result ?

When the repos stop tipping gold, that will mean they are confident of winning

Edited November 21, 2011 by Ashud Cocoa

[mawilson 2,133]

The problem in the world right now is lack of money and not too much - sales and cut prices and promos everywhere

This lot is sliding towards a slump which is disinflation

If that is true, gold, the unproductive asset, will be dumped to pay bills

If repos were confident of winning the election, cutting costs and avoiding inflation, they should sell gold

Perhaps they know they won't win the election and inflation will be the result ?

When the repos stop tipping gold, that will mean they are confident of winning

But don't forget China - they have too much money (mostly US dollars due to our trade imbalance) and they don't know what to do with it. They've been quietly diversifying away from the dollar and into other currencies and commodities, including gold amongst other things.

[Usui Takumi 1,562]

if you have enough ammo stockpiled, you don´t need gold

I have silver and ammo. Bring it on Werewolves where ever you are!

[ready4ONE 5,400]

The value of gold is as artificial as the value of currency or real estate or any other object or entity we place a value upon. Gold can only be worth $1700 an ounce if $1700 dollars is worth $1700 dollars.

[Captain Oates 911]

I have silver and ammo. Bring it on Werewolves where ever you are!

Its not the werewolves you need to be afreared of - Its the zombies ! The walking corpses !

[kytwell 179]

Doesn't the USA hold the largest reserves of gold in the world?

[Captain Oates 911]

Doesn't the USA hold the largest reserves of gold in the world?

Including that in Mike Tyson's teeth ?

Dunno

Buffet says the whole worlds stocks of gold would fit in a swimming pool and its is worth (worth ?) the same as all the agricultural land in the US

and then he says - which would you rather own ?

which is surer to earn you an income in the next 100 years

He has a point

It is now a political football like pepper spray and I reckon right wingers who invest in it as a political statement or a kick at the president, will get burned by their 'own' people

glen beck

[Hilarious Clinton 452]

Glenn Beck and the right wing have been pushing gold god and guns for a long time now.

Buying gold is a political statement and it says you despise your government and the country is doomed and you need it to barter for ammunition and camouflage tents

That is why I short it

It's down down down and I get a double buzz from making money at the same time as watching Glen Beck and his crazies get one in the eye from their beloved markets

The RWNJs are pushing ownership of physical gold and you are shorting what? Gold stocks? gold futures? gold mutual funds?

Who's the nut?

[SuperDuper! 230]

Glenn Beck and the right wing have been pushing gold god and guns for a long time now.

Buying gold is a political statement and it says you despise your government and the country is doomed and you need it to barter for ammunition and camouflage tents

That is why I short it

It's down down down and I get a double buzz from making money at the same time as watching Glen Beck and his crazies get one in the eye from their beloved markets

Arrogance like this kills even the biggest market geniuses. Lemme guess, you bought Google when it was $100/share, too.

Go ahead and sell your Gold. We'll be buying it from you. Good luck with paper money.

[Dakine10 5,452]

The value of gold is as artificial as the value of currency or real estate or any other object or entity we place a value upon. Gold can only be worth $1700 an ounce if $1700 dollars is worth $1700 dollars.

That's true. The first ounce of gold I bought was around $250. That $250 is for damn sure not worth now what it was then, and that was only about 10 years ago or so. At least the gold is still worth something.

Kitco.com tracks the price of gold relative to 14 world currencies. Gold's done pretty well against all of them. It's done well as both a hedge, and an investment. It wasn't too long ago that the "experts" used to say that wasn't possible.

[Captain Oates 911]

Gold has no earning power. Some people see it as a currency

Looking at gold over the long term, it does look to do well - compare it to stocks with earning power and compounded dividends and it losers its luster

You RWNJ's call me arrogant and yet Warren Buffet, an american and the world's most successful investor, refuses to invest in gold because it doesn't earn

Me and warren buffet are arrogant to disdain gold and the VJ RWNJ's are correct ? I prefer his company to yours on this issue.

Also, when gold drops -it drops like a stone with little warning, and far more than stocks

If you look at the people who are pushing it such as Glen Beck and his ilk, the end of this story is clear.

The gold ETF GLD has a high of $185.85 this year - you RWNJ's can go buy it for $165.36 this morning.

..and that is at a time when the USA is threatened with a debt downgrade and the Euro is predicted to collapse. Can there be a happier time for gold and yet it is down 10% already ?

If those two things don't happen, what price gold then ?

[Dakine10 5,452]

Gold has no earning power. Some people see it as a currency

Looking at gold over the long term, it does look to do well - compare it to stocks with earning power and compounded dividends and it losers its luster

You RWNJ's call me arrogant and yet Warren Buffet, an american and the world's most successful investor, refuses to invest in gold because it doesn't earn

Me and warren buffet are arrogant to disdain gold and the VJ RWNJ's are correct ? I prefer his company to yours on this issue.

Also, when gold drops -it drops like a stone with little warning, and far more than stocks

If you look at the people who are pushing it such as Glen Beck and his ilk, the end of this story is clear.

The gold ETF GLD has a high of $185.85 this year - you RWNJ's can go buy it for $165.36 this morning.

..and that is at a time when the USA is threatened with a debt downgrade and the Euro is predicted to collapse. Can there be a happier time for gold and yet it is down 10% already ?

If those two things don't happen, what price gold then ?

As a currency, it is doing well against other currencies. Probably because it's hard to print more gold.

It would be less useful if it wasn't for the global epidemic of monetary inflation.