Gold - The RWNJ currency

[Captain Oates 911]

Did the Soviet Union not collapse? It was a superpower with nuclear weapons and space technology. In the end, it collapsed due to its spiraling out of control debt.

Russia still is a nuclear power with enough power to vaporize the USA many times over and with space technology and takes american astronauts to the space station now that the shuttle program has been scrapped

Russia now produces more oil than Saudi Arabia and has less debt than the USA in percentage terms

The Russians economy went down under communism and corruption and vodka, and not through being nice to their population in defiance of conservatives

Look at Germany if you want to see what a clean, educated, highly trained workforce with socialized medicine and a progressive society can do. All the rest of the euro zone are looking to them.

Every American should have a school trip to Germany so that they can get RWNJ brain washing in perspective

[Dakine10 5,452]

oh Physical gold - sorry your statistics are still wrong

Physical gold chart link is here - I didn't spoof it - its a fact

The double top was September - ish. Would you please confirm you were wrong in saying gold went up after I started my thread ?

Physical gold chart

Why did you link to a trust fund? Physical gold means you buy the gold and take it with you - physically. You buy an ounce of gold and bury it 5 paces south of your apple tree (or wherever else you want to keep it). That's what Beck's talking about.

It's completely different from ETF's and stocks and funds that won't be there when you need them.

[Captain Oates 911]

People tend to get pissed off when governments debase their currencies and savings. They start rioting, kill each other, and overthrow the government.

It's happened before in other countries. Look it up.

It wouldn't be long before Californians realized that they could be the wealthiest nation on earth if they didn't have to fork over 30 percent of their income to the Federal government. When that happens, buh bye Washington.

You ignore a country's culture. This country will not murder members of the US Military in order to kill politicians. No taxation without representation. The US has representation and pathetically low 3rd world taxation levels - which is one of the reasons I live here.

If you are basing your expected gold returns on murder in the streets and the collapse of society, you have swallowed the Glen Beck con job and would be better off buying Pfizer stock because failed erections are much more predictable than the end of days

[mawilson 2,133]

Russia still is a nuclear power with enough power to vaporize the USA many times over and with space technology and takes american astronauts to the space station now that the shuttle program has been scrapped

Russia now produces more oil than Saudi Arabia and has less debt than the USA in percentage terms

Unfortunately, Soviet citizens lost ALL their money in the process.

[mawilson 2,133]

Why did you link to a trust fund? Physical gold means you buy the gold and take it with you - physically. You buy an ounce of gold and bury it 5 paces south of your apple tree (or wherever else you want to keep it). That's what Beck's talking about.

It's completely different from ETF's and stocks and funds that won't be there when you need them.

Indeed.

If you are basing your expected gold returns on murder in the streets and the collapse of society, you have swallowed the Glen Beck con job and would be better off buying Pfizer stock because failed erections are much more predictable than the end of days

Hey, if I'm wrong, the gold will still be worth something. Pfizer might not be around, however.

[Captain Oates 911]

Why did you link to a trust fund? Physical gold means you buy the gold and take it with you - physically. You buy an ounce of gold and bury it 5 paces south of your apple tree (or wherever else you want to keep it). That's what Beck's talking about.

It's completely different from ETF's and stocks and funds that won't be there when you need them.

Are you ready to admit that physical gold fell in accordance with my original prediction ? It can be checked and I have supplied the charts. Same with etf's - no difference - its collapsed and is streaking DOWN. That's not a prediction, its an observation.

Only a peasant with chump change would buy physical gold and hide in a lock up store as recommended on the Beck show (I heard that live)

As soon as you dig it up after the end of the USA with zombies and mexicans and dusky people running hungry in the streets, what do you think will happen when you pull a chunk out in the shop ? They will kill you. This is what makes me wet my pants laughing - so called adults are basing their investment strategy on total fantasy island stuff like that - and they have a vote too !

Don't bury it in the garden because the new world order are watching you from satellites and the picture is streamed direct to George Soros's control headquarters

With the opposition thinking like this, I am going to be a multi billionaire !

[Dakine10 5,452]

Are you ready to admit that physical gold fell in accordance with my original prediction ?

No.

On Nov 21st you said gold would go "down,down,down", at which point it started going up. I would have been a little upset if I was getting my "opportunity costing" advice from you. Gold started going down again on Dec 9th, which coincided with your next set of posts in this thread.

So basically, you were wrong for 18 days and right for 5 days. Glenn Beck actually has a better track record than you have at this point.

[Captain Oates 911]

No.

On Nov 21st you said gold would go "down,down,down", at which point it started going up. I would have been a little upset if I was getting my "opportunity costing" advice from you. Gold started going down again on Dec 9th, which coincided with your next set of posts in this thread.

So basically, you were wrong for 18 days and right for 5 days. Glenn Beck actually has a better track record than you have at this point.

You are selectively picking a point on the chart and saying that one of the bumps up proves your point.

The fact is that gold (physical and ETF), peaked out in August / September and the line from there to now is seriously down

Trying to deny that gold peaked then is futile - because all the public charts show it

So you can dodge from physical to etf and bump to bump but you are just exposing how frantic you are to prove that icebergs are formed on the equator by a rather infantile use of points on the chart. Some statistics are open to interpretation, but the gold's slide from the summer to now is apparent to everyone and you are wasting your time trying to present it as otherwise

My gold PUT options are doing nicely

I will cash them out a bit later knowing that the conservatives are weeping, and then when they buy a load more, and force it back up (with their army pensions), I will buy new PUT options

Its a great game played slow and conservative stupidity is more eternal than the gleam on surface of a gold ingot

Edited December 15, 2011 by Ashud Cocoa

[mawilson 2,133]

As soon as you dig it up after the end of the USA with zombies and mexicans and dusky people running hungry in the streets, what do you think will happen when you pull a chunk out in the shop ? They will kill you. This is what makes me wet my pants laughing - so called adults are basing their investment strategy on total fantasy island stuff like that - and they have a vote too !

That's idiotic. When the USSR collapsed, people didn't start killing each other. There was still food and water and housing.

Their currency, however, became worthless, and those who had physical gold (or US dollars for that matter) did very well.

[mawilson 2,133]

My gold PUT options are doing nicely

Not for long. You don't have to own gold - that's entirely up to you - but betting against gold is unwise.

"Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history."

[Captain Oates 911]

That's idiotic. When the USSR collapsed, people didn't start killing each other. There was still food and water and housing.

Their currency, however, became worthless, and those who had physical gold (or US dollars for that matter) did very well.

The conservatives have conned you

The USA is a different culture and will never get to a point where people are holed up in their houses with Gold trying to keep the cannibals out of their houses (as Glenn Beck said)

The basic structure of American society was established by the English (Not British) for 180 years before the revolution even

That culture will endure just as the German culture has endured

All this gold stuff is fantasy island and will cost the swallowers of this garbage dear

The people who were buying fatty Beck's gold in the summer have lost 15% already and still society hasn't collapsed - in fact the likelihood of Barry being reelected goes up every day - thus ensuring the continuation of society

Owning gold is like being in one of these churches who keep predicting the end of days. The saps who tithe to them never lose faith in the impending end of the world

[Dakine10 5,452]

You are selectively picking a point on the chart and saying that one of the bumps up proves your point.

The fact is that gold (physical and ETF), peaked out in August / September and the line from there to now is seriously down

Trying to deny that gold peaked then is futile - because all the public charts show it

So you can dodge from physical to etf and bump to bump but you are just exposing how frantic you are to prove that icebergs are formed on the equator by a rather infantile use of points on the chart. Some statistics are open to interpretation, but the gold's slide from the summer to now is apparent to everyone and you are wasting your time trying to present it as otherwise

My gold PUT options are doing nicely

I will cash them out a bit later knowing that the conservatives are weeping, and then when they buy a load more, and force it back up (with their army pensions), I will buy new PUT options

Its a great game played slow and conservative stupidity is more eternal than the gleam on surface of a gold ingot

I never said anything about when gold peaked. I simply said it started going up after you said it would only go down.

[mawilson 2,133]

Owning gold is like being in one of these churches who keep predicting the end of days. The saps who tithe to them never lose faith in the impending end of the world

No, it's not. God and the end of days are not real. The coming collapse of the dollar (and other fiat currencies) is very real.

You have a different point of view and I respect that, but I would appreciate it if you stopped calling me (and other people who disagree with you) names - stupid, "conned by Glenn Beck", RWNJ - completely uncalled for.

For the record, I'm a naturalized citizen just like you are. I moved here from the UK, just like you did.

I also happen to know a thing or two about finance and investments.

[Captain Oates 911]

I never said anything about when gold peaked. I simply said it started going up after you said it would only go down.

...and you were right, but only for a short instant in time.

You were right 30 minutes ago too as gold was up a spit - but its down again now

However, what counts is my bank balance

Gold will recover some at at some stage, and then I will ride it down again as people switch to earning assets rather than the shiny version of sea shells

Cramer likes gold, but all his buddies are in the business so its no surprise

Owning gold is a political statement and there is no room for sentiment in economics.

I don't know of any statistics about the political leaning of people who own gold, but from all the brainwashing 'end of the world' stuff I hear on the media, and from the stuff I see on VJ, it has to be the right wing.

Presumably they will sell it all if Gingrich becomes President because the US will be saved - if they do, my PUTS will be worth even more

Gingrich for President ! and then we can have some ex first ladies while their former husband is still in office and Alan's PUTS will be mega !

Its amazing how the preponderance of right wingers on VJ is far more than in society at large. Is there something about the idea of going to get foreign spouses that appeals more to the right wing ?

Now there is a thread header !

Edited December 15, 2011 by Ashud Cocoa

[mawilson 2,133]

The people who were buying fatty Beck's gold in the summer have lost 15% already and still society hasn't collapsed

What about the people who were buying stocks in the summer? Buy stocks - isn't that your advice?

How much has the S&P 500 lost since the summer?

What about the people who were buying gold 5 years ago?