Protect Your Investments With Gold

[transXisomer]

A lot of people have been losing money in our current economic situation, and from the research I have done, I personally believe, we very shortly, will be in another depression at least. Worst case scenario, complete crash of the economy / US Dollar. I suggest you have atleast, some protection of your assets in Gold. Gold will always have value, and is projected to skyrocket in price within the next few months. I don't mean to be all 'doom and gloom', but I have done a lot of research into the economy / government / politics over the past year, and I really see this happening. The FED pumping out more money / bailout plan only stalls the inevitable. The FED monetary system itself can only theoretically go on for so long before it crashes.

Though im sure everyone here knows how to use google and can research plenty fine on their own, from the research I have done, I suggest this:

-Gold is predicted to go down to around the ~$750 per ounce price, I suggest buying it at this price, as I don't think it will go down any more than this. From this point on, gold is
expected to go up drastically in value.

-I know many might not think the economy is going to tank, but either way, it is always smart to have some of your wealth in some sort of precious metal, whether it be gold, silver, platinum, copper, etc. I would advise to atleast invest some of your saving into one or more of these precious metals which will always have value, no matter how the dollar does.

-There are many places / websites you can go to buy gold, one site / source I recommend is here:

ALEX JONES GOLD OFFER

YouTube - GOLD VS DOLLAR

Originally Posted by Article

Hyperinflation Catalyst For $2,000 Gold

Wall Street bailout, overprinting of dollar will cause commodity to soar says 40-year market veteran

Paul Joseph Watson
Prison Planet
Monday, October 6, 2008

40-year market veteran and fund manager Robin Griffiths of Cazenove Capital Management predicts that the overprinting of dollars as a result of the Wall Street bailout will act as a catalyst for gold prices to rocket to $2,000 an ounce, as demand for precious metals outstrips supply amidst rumors of market manipulation.
Griffiths said that as the world deleverages, dollar strength could drive gold prices down to $750 an ounce, but that this would be the bottom and it would represent a great buying opportunity.
“Once we get through the crisis, people will realize they’ve printed an awful lot of dollars, too any dollars, and thrown them from a helicopter window - we need to hedge the risk of too many dollars around and real stuff is the way to do that and gold will be an excellent way,” Griffiths told CNBC this morning.
“I think we’re coming up to re-test that $750 low and that’s going to be a buying opportunity, and if this is correct on a 12 month view from here, we’ll go straight off the top of the chart and eventually I’m thinking a target of $1400 to even the $2000 range,” said Griffiths, admitting that the forecast had caused him to become a gold bug.
(ARTICLE CONTINUES BELOW)

A recent Reuters snap poll of traders, analysts and industry officials predicted a more modest rise of 6 per cent over the course of 2009 to around $959 an ounce.
However, as the website goldprice.org points out, the demand for physical gold is frantic and people are willing to pay premiums of $50 or more to get their hands on the precious metal.
“That casts the validity of the paper price into doubt, and points to some government manipulation holding down the price, so the weakness of their rescue operation won’t be called into question by a gold price over $1,000,” states the website.
The potential for hyperinflation is a very real threat, and it has led to a spike in gold purchases. The Royal Canadian Mint recently sold out of one ounce gold bullion bars in what tellers described as a “crazy” demand to own the precious metal.
Michael Levy, a gold broker based in Surrey, B.C., said the volume of people purchasing gold is at its highest since the inflation scare of 1979. “People were buying then because of inflation, now because of a growing distrust in paper currency,” he said. “It’s a different mentality but the same rush.”
As the istockanalyst.com website highlights, massive economic correction has routinely been preceded throughout history by a gargantuan demand for gold and silver bullion.
“All through history, every time major confidence is lost in fiat based economies, when those economies face massive corrections in terms of either hyperinflation or deflation, people flock to gold and silver bullion,” states the website.

Please research into this subject, and please protect yourself against what might come. If nothing happens, then at the very least, you have protected your wealth / assets and made a smart investment. If something does happen, you will have an excellent source to fall back on.

[NateW]

Just in time for me to graduate and be looking for a job haha

[hardcorefitness]

x2 man, i grad in dec and the job market is pathetic right now.

[g_lee]

Originally Posted by NateW

Just in time for me to graduate and be looking for a job haha

Originally Posted by hardcorefitness

x2 man, i grad in dec and the job market is pathetic right now.

I might would consider grad school right now in this economy

[transXisomer]

Jim Cramer: Time to get out of stocks - Today Technology & Money - MSNBC.com

[mad dog]

Good info.

[egodog48]

Originally Posted by g_lee

I might would consider grad school right now in this economy

This is an extremely good idea.


I'm not sure if I believe in buying gold at this point, although I do believe it will go up in the future just because of its high rate compared to what it has been in years past. Reason being because everyone is thinking they need to go out an buy gold. I, instead, believe that the best way to survive in the future is to pay off as much debt as you can right now. I'm working three jobs to do it, but know that if and when the time comes, I will be able to survive.

But please do not act on my reasoning alone. I act against the grain. Oddly enough, I will also, within the next six months, begin investing in the stock market.

[transXisomer]

Originally Posted by egodog48

This is an extremely good idea.


I'm not sure if I believe in buying gold at this point, although I do believe it will go up in the future just because of its high rate compared to what it has been in years past. Reason being because everyone is thinking they need to go out an buy gold. I, instead, believe that the best way to survive in the future is to pay off as much debt as you can right now. I'm working three jobs to do it, but know that if and when the time comes, I will be able to survive.

But please do not act on my reasoning alone. I act against the grain. Oddly enough, I will also, within the next six months, begin investing in the stock market.

Consider this worst case scenario though:

US Dollar crashes, nations dump out their US Dollar reserves, Dollar becomes worthless. Stock crash. All your investments were in dollars, so now essentially you have $0 dollars. However if you had invested in gold or other precious metals, you still have 'x' other currency units because it is still worth something no matter how the dollar does.

Im not telling people to switch their entire amount of wealth over to gold, im saying at least, minimally, have some so that in case something happens, you aren't left with worthless dollars.

[LBVT]

Originally Posted by egodog48

This is an extremely good idea.


I'm not sure if I believe in buying gold at this point, although I do believe it will go up in the future just because of its high rate compared to what it has been in years past. Reason being because everyone is thinking they need to go out an buy gold. I, instead, believe that the best way to survive in the future is to pay off as much debt as you can right now. I'm working three jobs to do it, but know that if and when the time comes, I will be able to survive.

But please do not act on my reasoning alone. I act against the grain. Oddly enough, I will also, within the next six months, begin investing in the stock market.

Why are you being a responsible person and paying off debt? Haven't you heard the news, if you have debt, the government will pay it all off for you!