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 hazey
Registered: 01/20/08
Posts: 2,274
Last seen: 28 days, 2 hours
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 investing gold 
#9415610 - 12/12/08 01:48 AM (4 years, 6 months ago) |
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since 2009 is going to rock the dollar like we've never seen before, i want to prepare an investment in gold.
anyone know how to go about doing so?
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Groomies
Ghost
Registered: 08/16/07
Posts: 1,119
Last seen: 4 months, 4 days
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 Re: investing gold [Re: hazey]
#9415755 - 12/12/08 02:14 AM (4 years, 6 months ago) |
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go to a asian jewelery shop and ask them to sell you some gold bars.. you can check the stock on how much they are daily on www.kitco.com .i bought a few bars last week and now price has gone up. i'm going to wait till it reaches 950+ then go back and sell it.
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SheerTerror
ST
Registered: 11/28/03
Posts: 2,336
Last seen: 2 days, 3 hours
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Re: investing gold [Re: hazey]
#9416700 - 12/12/08 07:54 AM (4 years, 6 months ago) |
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Obama talks a lot about securing the US dollar
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SheerTerror
ST
Registered: 11/28/03
Posts: 2,336
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Re: investing gold [Re: hazey]
#9416701 - 12/12/08 07:55 AM (4 years, 6 months ago) |
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I'm buying silver at $8 a ounce
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hazey
Registered: 01/20/08
Posts: 2,274
Last seen: 28 days, 2 hours
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next year the obama administration will destroy an american city and blame it on terrorists. shit is going to change.
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SheerTerror
ST
Registered: 11/28/03
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Re: investing gold [Re: hazey]
#9421750 - 12/13/08 01:12 AM (4 years, 6 months ago) |
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yea well i think everything will change for the better, its just gonna be bad for investors.
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hazey
Registered: 01/20/08
Posts: 2,274
Last seen: 28 days, 2 hours
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bad for dollar investors, excellent for amero investors, and financial security for precious metal investors.
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 zorbman
Be Prepared
Registered: 06/04/04
Posts: 5,746
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Re: investing gold [Re: hazey]
#9421879 - 12/13/08 01:40 AM (4 years, 6 months ago) |
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Buy silver.
But if you must buy gold buy small coins for spending money when the dollar tanks as it surely will.
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Why does changing the party in power never change policy? Could it be that the views of both parties are essentially the same? - Ron Paul
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Stonehenge
enthusiast
Registered: 06/20/04
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Loc: S.E.
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Re: investing gold [Re: zorbman]
#9425166 - 12/13/08 06:09 PM (4 years, 6 months ago) |
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Bars have to be assayed because only a fool will buy them otherwise. Buy gold coins, the 1oz kreugerand is the cheapest, usually. Yes, gold will go up. I bought it when it was in the 400 dollar range and a little when it was over 500. I could sell now at a profit but have no intention of doing so. The dollar will tank.
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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)
Trade list http://www.shroomery.org/forums/showflat.php/Number/18343673
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DieCommie
El Guapo
Registered: 12/11/03
Posts: 25,374
Loc: Street of Dreams
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The thing that always makes me lol in these threads is people compare investing gold to holding cash. Hello! - nobody invests in cash, its purpose is not to be an investment. Its a medium of exchange and that is all. People say its not a good investment; no shit. Its not supposed to be an investment. Nobody holds cash, except for a few months pay for emergencies. That way, if the dollar tanks as everybody here is sure will happen, you dont lose out on life savings.
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ChuangTzu
starvingphysicist
Registered: 09/04/02
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Re: investing gold [Re: DieCommie]
#9427113 - 12/13/08 11:43 PM (4 years, 6 months ago) |
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Gold isn't an investment either. It's usually a gamble, at most a hedge.
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SheerTerror
ST
Registered: 11/28/03
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Re: investing gold [Re: ChuangTzu]
#9427191 - 12/14/08 12:00 AM (4 years, 6 months ago) |
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has anyone here used e-gold? cause now its all fucked up, how do ya cash out?
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ApJunkie
part-time Ninja
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Re: investing gold [Re: hazey]
#9427274 - 12/14/08 12:25 AM (4 years, 6 months ago) |
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Quote:
hazey said:
next year the obama administration will destroy an american city and blame it on terrorists. shit is going to change.
Like that's anything new
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MUSIC---> www.RocktinGrove.com
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TODAY
Battletoad
Registered: 09/25/03
Posts: 10,218
Loc: Metropolis City, USA
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Re: investing gold [Re: hazey]
#9431772 - 12/14/08 07:54 PM (4 years, 6 months ago) |
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LOL, a drug website full of global financial experts...
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ca'rouse (k-rouz)
intr.v.
To engage in boisterous, drunken merrymaking.
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DieCommie
El Guapo
Registered: 12/11/03
Posts: 25,374
Loc: Street of Dreams
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Re: investing gold [Re: TODAY]
#9431872 - 12/14/08 08:13 PM (4 years, 6 months ago) |
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No good? There is a great diversity of expertise here on the site.
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razero
SHROOMPARTY
Registered: 12/23/08
Posts: 62
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Re: investing gold [Re: DieCommie]
#9485242 - 12/23/08 09:32 PM (4 years, 5 months ago) |
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long term investment in stocks.
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"He who does not research has nothing to teach.""
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Hotnuts
old hand
Registered: 02/26/05
Posts: 3,434
Loc: Wild Blue Yawnder
Last seen: 1 month, 4 days
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Re: investing gold [Re: razero]
#9489516 - 12/24/08 04:07 PM (4 years, 5 months ago) |
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I wouldn't touch stocks with someone else's money right now. Wait until the new quarter gets rolling so you can see how much bad news the markets can digest first.
As far as gold, you can buy or sell futures in gold with numerous dealers. Check out some of the ones on the net. A lot of them actually have a demo so you can learn to trade futures or forex in real time with play money. Get to know technical analysis, because in futures and forex it's extremely key.
Right at this particular moment gold is at a point where it could go up or down significantly. I'm betting on down because I think demand will be poor and other safe haven investments will be sought after if economic news is bad and equities are performing poorly. I'll show you a chart in a bit. Let me prepare it.
Edited by Hotnuts (12/24/08 04:10 PM)
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Hotnuts
old hand
Registered: 02/26/05
Posts: 3,434
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Re: investing gold [Re: Hotnuts]
#9490521 - 12/24/08 08:31 PM (4 years, 5 months ago) |
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I spelled resistance wrong.
Edited by Hotnuts (12/24/08 08:57 PM)
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Hotnuts
old hand
Registered: 02/26/05
Posts: 3,434
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Re: investing gold [Re: Hotnuts]
#9490610 - 12/24/08 08:57 PM (4 years, 5 months ago) |
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That's a flag pattern. Most of the time it's a trend continuation pattern. Thus, a continuation of the 600 to the 1000 move and the 1000 to 850 run is a period of consolidation. If the prices break the resistance line and volume spikes, i'd get on board and would buy gold. But if equities continue to slide, the dollar will rise in value as a safe haven investment and gold will probably sink. Most of the time gold and the dollar move in opposite directions.
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Evets
Stranger
Registered: 01/05/08
Posts: 197
Loc: Midwest
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Re: investing gold [Re: Hotnuts]
#9490799 - 12/24/08 09:57 PM (4 years, 5 months ago) |
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quite frankly,
I mean saying this ( go stocks) and that ( go gold)....it really does not matter?
why?
Unless you have 100,000 USD to invest... I mean its quite pointless
and Unless you are apart of the Bank Ogliarchy ( SEE FEDERAL RESERVE, SEE JP MORGAN, SEE BANK OF AMERICA)
it all does not matter...UNLESS.... It is REAL ESTATE 
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