Gold & Armageddon: What All Gold Investors MUST know (Pt. 3-B)

[2mogar]

Youre preaching at me dude. A little more info on what your argument is would be appreciated. If its just that someone will be trying to take it from me thats frankly not enough.

[donniebrasco24]

you wont lose if gold skyrockets because your debts are fixed in dollars. if gold goes through the roof you still have the same debt but youre able to pay off everything including your mortgage in full with hyperinflated dollars. You can be debt free, and thats better in my book than to have money in a bank but getting raped by every debtor on any debt you have. botom line, you will be able to pay off all your debts and finally live free, and hopefully learned a big lesson on what not to do...

[donniebrasco24]

you should be a politician, you speak a lot but say little...

[itneverrains4me]

at first, i thought you selling your gold for paper was negative,jumping ship,

you cannot eat gold or silver, and paper can light a fire, panic can easily set in,we search for direction, your video makes people think,possibly?

[seadog92023]

Just like your parents ....I expect more of you.

[seadog92023]

You are abosolutely correct Harry. I have nothing of value to spew. But then Im not the one claiming to "educate the masses" and the "feeble minded". You say that our "plan is flawed" reguarding holding gold. And that you need to "bitch slap us."

You provoke this kind of response from me and others. We are simply responding to your insults and the poor content of your videos. Try harder my friend and lose the condesending attitude it really doesn't help.

[sgwarrenb]

sitting on dollars is also part of the system... so what are u holding to get yourself out of the system?

[Growby10]

i'm holding on to patience =). no seriously, i'm going to get into that in the conclusion...which i will start posting this evening. thanks!

[seadog92023]

Yes. Monkeys can type. They can also upload video. Unfortunately, they just babble.

[Growby10]

you're a moron. do you realize that?

no no...you're a big man. so continue criticizing me and others on YT. no really..continue contributing nothing but your yap. and go on believing that you have something of value to spew.

b/c it's obvious that's the only thing of worth you have...you've proven that.

cheers!

[seadog92023]

Harry said. " it's coming. But if you don't get any value by what I've shared. It's your loss"

No loss Harry! You haven't shared anything of value. The only loss is all of your subscribers time. We are not whining or crying. Either educate us or shut up. Pick one.

[rollinglibs101]

"Lions eat sheep"

"Asian people are not always smart"

[NeoConfucionist]

I don't know what is really the point of this series of videos, but I would recomend stop talking so much about gold and against gold, and start giving some real financial advice.

Don't buy gold because I say so, just doesn't help very much.

[Growby10]

it's coming. but if you don't get any value from what i've shared so far. your loss.

[rollinglibs101]

This video said nothing..I think you like hearing yourself talk..I am willing to hear all points of view.but so far this guy is loosing the argument ..Did you sell you're gold?..I would bet you cashed out and lost?

[Jeaniea78]

quit criticizing and add to the discussion. you sound dumb and uneducated. why don't you enlighten us w/ something beside proving monkey's can type.

i'm sick of retards distracting jumping in and adding nothing to this important discussion.

[rollinglibs101]

Harry..Is that you?..

[rollinglibs101]

Have you ever heard the term..Sour grapes ?

[NeoConfucionist]

The topic should not be gold, we are starting to get emotionally involved with opinions about gold, and by doing so we are missing the point.

I haven't heard a single alternative to buying gold in these videos.

Also, if one seeks advice about stocks, it would be unwise to ask a person who doesn't invest in stocks, the same with gold. So I hope we can hear more about what Growby invest in and learn something. That is... if he has the time for "the masses".

[suzettespencer]

You know, most guys could say in one video what you have not yet stated in 5 videos. That's 30min of my life I will not get back.

[Growby10]

i agree..stick to your 3 min video's.

you've proved they are a true spring of knowledge...for the feeble minded =)... thanks for your comments

[gone556]

stupid!

[MontanaSSky]

great!

[opzoutenAUBnugraag]

maybe think of it like this:

Why would one invest in dollars or euros?

So i mean, by keeping them, they take a big investment risk. One must diversify.

[seadog92023]

You use alot of words but say VERY little.

[seadog92023]

Harry

You said you were going to bitch slaps us but then you don't. Are you pussing out?

[Growby10]

it's coming...i have other more important things to do right now that to educate the masses =)

i'll have the conclusion up by tomorrow night so i can finally get these wining bitches to stop crying..

[rollinglibs101]

i'll be waiting here with bells on

Gold bells that is!!

[YouriCarma]

Gold Contrarians Will Get Killed, November 23, 2009 by Jordan Roy-Byrne (321gold)

[bullmarketseeker]

One flaw with precious metals is as more people invest soon it will become the latest get rich quick scam. Before you know it youll have masses of speculators that dont understand the fundamentals and are driven by listening to Jim Cramer and such. Since these investors dont understand why prices are rising they and continue investing not realizing they are speculating. Uninformed most speculators buy the highs and dont have an exit strategy. Because of this they become snacks for lions.

[Growby10]

nah..just look at how intelligent these commentors are...LOL!

on a serious note. thank you for you insightful comments...it's really sad that others just can't see thinks as clear as you my friend.

[bullmarketseeker]

One flaw with precious metals is as more people invest soon it will become the latest get rich quick scam. Before you know it youll have masses of speculators that dont understand the fundamentals and are driven by listening to Jim Cramer and such. Since these investors dont understand why prices are rising they continue investing not realizing they are speculating. Uninformed most speculators buy the highs and dont have an exit strategy. Because of this they become snacks for the lions.

[davincij15]

1 star.

You do not make a statement that most people will not understand and leave them hanging.

The reason you can not increase your wealth even if the gold goes up is because gold does not increase your wealth it maintains it.

That means everything else will be higher relative to gold as the price goes up.

HOWEVER! I believe we are going to see deflation like we never seen before priced in gold.

[NeoConfucionist]

What should be avoided: getting in debt, buying things you really don't need with debt.

Banks aren't lending, so in the short term cash is great, you should aim to have a good level of liquidity aviable at all times.

Dollar is fiat paper money, gold is a commodity money, the chinese government encourages the people to buy gold ans silver, and in the U.S. the opposite happens, who is right?

[NeoConfucionist]

Again, gold is still a good investment, but is not the only one. What should be avoided are investments like: mutual founds, 401ks, diversified portfolios of stocks, bonds. All the indicators state that dollar will enter great inflation in the long run, so whatever ties you too much to a nominal value of the dollar should be considered a bad investment.

[khjstephano]

Do not misread by this guy with disinformation, this guy believes whatever mainstream medias say and he add his opinions. You have to understand first monetary and banking system in US if you do not understand it. I am sure this guy do not understand it.

[limitedplay]

i see what you're saying, right now gold isnt a long term investment, its true unless you are adding to an allready long position.

if not wait for more information, buy food, water and weapons

[jfooj]

Harry, you're a trippy dude.

[4rcane]

growsby, stop dangling and just tell us already. 2-3 video of you telling us precious metal is not a good idea and we're still waiting for the why

[He101A]

You read the history books, and you will understand that this crisis is predictable. The only answer for devaluation of a currency is gold. The people who had gold survived the disintegration of a society or empire intact. The world will not end, because of this monetary crisis. The world will merely be reborn into a order. If you have gold, you can always leave the land of turmoil and start over. That is why people bought gold.

[He101A]

This monetary crisis was repeated hundreds if not thousands of times in history. All empires devalued their currency by diluting its value. The Sumerians, Babylonians, Egyptians, Greeks, Romans, Chinese, Byzantines, Arab Islamic Empire, Ilkhan Persia, Yuan China, Mongol Empire, Mughal Empire, British Empire, French Empire 18th century, Austro-Hungarian Empire, Ottoman Empire, Weimar Germany, U.S.S.R., Yugoslavia, Argentina, etc. The end result was revolution or breakup.

[HunterXray]

Someday people will throw their gold and silver into the streets because it will be worthless.

[Djelomou]

...you will be long dead by then

[herbigp]

Cmon HArry,

People need to sell at the top...When the Dow/Gold ratio is at 1. And sell silver at the same time, study history!

[konshoff]

the dollar of course lost some value - I mean who wants to be invested in something when you get 0- 3% of return !? it is nonsense. As much as Bernanke prints and throws it into the black hole caused by huge credit losses ,exploding mortgages, derivatives etc. he is not catching up patching it. we are in a credit and money contraction depression - very similar to one in 30s. remember that people's emotions and ability to spend control the infl. & defl. the most. there is fear out there

[mrzack888]

i buy the gold to pay off the current fixed debts i owe currently now. perhaps the ONLY true physical investment would be in bullets and storable food, while spiritual relationship with your god(s) and family members ultimately will prove more satisfying. and also taking care of one's own physical health.

[konshoff]

the people invested heavily in PM are pushing idea of gold going up. more people get hooked up- the higher the profit - specially if they got in 5-6 years ago. it's like real estate agents pushing homes- always up- buy now. the rally in gold is usually short lived - as it's not being consumed. we are still in a deflationary spiral though it's slowed down a bit - that's why investors allocate the money temporarily into an asset that's not affected by low consumption - gold. the rest is bubble

[veritasfiles]

Because your gold investments are going up in a declining or worthless money or currency. But who are you talking to? Gold has never been a good investment, unless you're a good market timer, as it does nothing but stay generally apace with inflation. I'm not buying Gold or Silver for that reason. I'm buying it for flexibility and insurance, not to become rich or as some form of salvation. So why don't you address those who aren't stupid enough to put all of their eggs into one basket?

[toshibavoodoo]

I have Silver as part of a Food, Ammo, and Water reserves. I'm also not looking to make a killing, I just want to get my family through the coming storm our glorious leaders have prepared us for..

have you saved during the plenty and prepared for the 7 years of famine???

[nameofthepen]

It the country devolves into chaos, where the heck are you going to spend a silver bullion bar? Who could make change if you were only buying say, a couple of chickens and a sack of potatoes?

If you're on the run with your survivalist gear, dodging the FEMA round-up crews, silver and gold are darn heavy to be toting around.

I have no answers. Looking forward to hearing what you have to say in your next vid.

[kswatcher]

Harry, where would you have us put our money right now? For the long haul, I haven't been able to find a safer alternative.

[jpnkorch]

whoa too much gochujang lol.

[Eraser7622]

Alright Harry.. enough build up.. I hope the payoff is worth it because so far, I think you're heading in the wrong direction entirely.

[suzettespencer]

Enough pontification already pope harry. Get to the point if you have one.

[mghens]

The problem you ascribe to most people speculating in PMs applies to them speculating in anything. I suggest Willaim O'neil's How to Make Money in Stocks. The principles discussed there have broad application to speculation in general and they serve to protect against big losses. For example, if you enter a position you never ever let it get to below 7 or 8% from where you bought it. If it gets there you sell it, period, no questions asked. Since we are all wrong a lot we need some rules

[mastershakelock]

My minds open and I try to take an objective ear to all information I hear and listen to on both sides of an argument. I just don't understand why you have become so PM negative lately.. your arguments are pretty weak too, and don't make the least bit of sense to me at least, but I do think your an intelligent person so I listen.. I just don't get it I guess.

[4rcane]

I'm pretty opened mined, but when I heard his argument that, even if gold goes to $2k or $5k, you're still wrong! Um, WTF? Please explain. Maybe growsby great revelation is that we should pursue happiness, spend more time with our families and not wealth and time on the internet, listening to ppl on youtube :p

[STOPPUCKNOW]

get to the point

[yogiudo]

Harry,

You cannot ignore the fact that there is massive inflationary pressures going on. One way or another the price of paper is going to drop against a commodity money.

There is a slim possibility that if the money masters choose so, they will create a massive deflation, causing gold prices to drop in terms of paper. I highly doubt this will happen.

The temptation to print is too strong for politicians, companies, and corporations. They are glued to the idea of inflation as being healthy.

[xFIRSTMERITx]

Harry....The gold story is seriously flawed for several reasons....gold has recently totally decoupled from the dollar. No on has even mentioned that gold production has been declining since 2001. There are massive amounts of harder and more expensive to mine reserves of gold and silver just waiting for the price to reach the point to make them profitable to mine.

I do not disagree the dollar has been devalued...

[kswatcher]

Gold hit 1165 tonight. Something is up.

[BlacksAreBeautiful]

Thanks Harry. I have been waiting for a educated opposing viewpoint to this "gold rush"..I just can't make sense of it. People gauge the value of gold using a dying currency? I don't get it. If the dollar crashes, the people will still be reliant on the intl bankers to establish the "new money"...What is the inherent value of gold exactly? It can't be used as food, clothing or shelter. I would think those resources would be far more valuable in a time of true despair!

[4rcane]

the inherit value of gold is that it is rare and that it require human/effort labor to dig it out of ground. Our entire economy is built on the foundation of how much value we put in human labor and how it could be stored in a medium in which to exchange with others. Money must represent the lowest store of value of human labor. If not gold/silver then something else, but it can't be paper because you can't print prosperity into existence without effort

[4rcane]

Imagine this. It takes 1000 man hours to get an oz of gold. It takes 100 man hours to create a bill of note from scratch. It takes 1000 hours to hunt for food. You could exchange 1oz of gold for the food and its a fair exchange because you both put equal effort, but its totally unfair to exchange either 1oz or the food for the bill of note. If this system is allowed to continue, noone will spend any effort to dig up gold or hunt for food because their man hours are being robbed in the exchange

[BlacksAreBeautiful]

@4rcane

China, Germany and India are buying up tons of gold, without even mentioning how much of it other countries has. Seems to me, the only reason why gold is so rare is because its being hoarded, and not because its scarce. Whoever controls the volume of money will still be the master of commerce and industry, thus can and will create master/slave relationships. I'm not telling anyone they shouldn't invest in gold, and I think the attacks on Growby10 are unwarranted.

[BlacksAreBeautiful]

since it appears that the only thing he is really saying is, before getting caught up in the euphoria, do a little due diligence, and have a plan. On a personal note, I find it hard to believe that the Intl bankers of this world are not already way out front of something that could possibly be a gold mine (pardon the pun) in the future. The idea that gold is flying under the radar of those who run this world is hard for me to believe. Time will tell.

[4rcane]

Staying on the paper system is what keep this master/slave relationship going. Thats why we're going to gold/silver to get away from it

[BlacksAreBeautiful]

@4rcane Oh trust me, I'm not advocating for the current system by any means, I'm just wondering if simply using another form of money (or in this case, a tangible form of money) can effectively change this relationship. Is the problem merely the instrument, or the system that governs it? My personal opinion, USURY is the biggest culprit in the master/slave relationship. Another subject for another time I suppose.

[TheLiddlekiddle]

Gold and silver have just started to go up in price. We do not want the destruction of the financial system. This would not be happening if they had good fiscal policy, but they created this mess and this is their plan, and gold will have a bubble, but it is just barely starting. gold $5000 and we will be at the top of a bubble, but there is no bubble yet, not in the long run...

[leninstreet]

Here is what will happen. A new global deal will be chiseled out by the big players. Alternatively there will be a big war. At the end of eighther of these outcomes paper promisses will loose much or all of their value. Money will be anchored to a physical commodity or tied to actual productive output. My bet is that gold will have a big role to play in this context to settle payments.

[leninstreet]

Banks are on life support and the whole global economy is balanceing on the knifes edge. There is no up and down anymore. To claim that investing in a commodity that has kept it's value for 6000 years and is universally accepted(the bribes to the taleban are paid in gold) is stupid and amounts to being a sheaple is naive. You are welcome to keep you money in the bank or invest it in a company that will never again make a profit. My choice is gold and silver.

[vsaldanas]

if gold goes up to $2,500 an ounce. Then that only means that a barrel of oil will double or triple in value. A barrel on oil is at $79 a barrel that would mean that if gold goes to 2500 dollars an ounce then a barrel of oil can go to $240.00 a barrel. That would mean that a gallon of gas will be at $7 to $8 a gallon. that means that food prices and consumers goods will triple as well. a gallon of milk will cost $7.00 a gallon a loaf of bread will cost $8. *Harry to got all of us thinking hard*

[leninstreet]

It's a little hard to decrypt what you are saying here. If your point is that bubbles happen and people get suckered then you will have no argument from me. Every commodity has it's day, you have to know when to sell and when to buy. A commodity like a stock is anchored in the expectation of profit. There are none at the moment. What is more countries have amassed massive debts that they have no hope of repaying and many items have been bid up to unsustainable levels.

[castmay]

Gold is at 1165

[foolcow1976]

If gold does go to $2500, whatever else may be the case, holding gold will certainly have been better than holding FRNs. Do you deny this?

[bluecat1122]

The irony of it all is at the time of this post, gold is up (again) $16.60 to $1164

[Growby10]

so should i wait until gold, RE or stock crash..THEN say I told you so?

Ride it up my friend! just know that everyone looks like a genius when thing go up.

[stellaconcepts]

no - you should ride the bull market and not have sold at 1000.

[DrSwoosh007]

I don't understand your point Growby10. Markets are fluid and there is a time for different asset classes depending on the state of the economy. Your series seems to be lacking a central thesis. I hope that this thesis and its relation to gold is addressed in your next video, but so far your message is conflicting and convoluted. Also, who is your target audience, and what are you trying to convey? Why are you making videos and what is your incentive?

[4rcane]

I get the sense that you think precious metal is a bad idea, at this moment because you think it will crash. Can't you just say it without being so convoluted and long winded. Your basic argument is basically this. The elites always get their way. Look at history, and don't presume that you can beat them. So if the elites want to crash the market, they can and will, so don't get smart by half thinking you have gold and you're protected

[rickeypickles]

"Nothing Gold Can Stay" ... Ponyboy ... "Nothing Gold Can Stay" ... I like silver better than gold and I say hold it physically ... all else is controlled so unless you want to play with ETF's and try time it which doesn't make sense... All the while your dollars will loose value as gold goes up ... So it is a wash ...

[1mealperday]

i am with silver and very happy about it cause its paid off already. If all else goes i still have value for trade. Without trade nothing moves. But growing a garden and being able to feed myself gives a little more security. What you got against PMs. stocks, bonds FRNs are not worth having, they all have counter parties. Gold and silver i can make jewelry out of or trade for what i think is equal value.

[manicbuyer]

I had said this on one of your tvblogs but my grandfather used to say.." buy gold ( percentage of investments ) and hope it goes down"....Unless you have a few years living expenses at todays prices in gold, surviving through a decaying economy, job loss, etc. , unscathed doesn't seem probable. Most of us don't own enough gold to do that. Having a handful of gold coins and a bag of silver will only take you..1 month? 2 months? then what? I like gold and silver but doubt most of us have enough.

[bookbinder66]

slap me harry, hard lol,

[Growby10]

HAHA! LOL!

[jonald77]

i have some zimbabwe paper i would like to sell you. True wealth is in the printing press!!

[BeenInACaveWayToLong]

The lion is telling the sheep that gold is in a bubble so that they will sell their gold. The lion is telling the sheep to go and sell their gold bracelets, necklaces and heirlooms. The lion wants to gobble up all of the gold.

[stellaconcepts]

agree - harry, dont mean to be disrespectful, but you really sound like someone who is buying up the mainstream news hook line and sinker.

you need to understand - the gold bugs here represent the vast MINORITY and in no way reflect the majority.

[Growby10]

GGRRRrrrrroar! =O

[stellaconcepts]

you can roar all you like - doesnt make you a lion ;)

you sold your gold before the greatest bull market in gold began (at 1000 I believe wasnt it?)

I can help but think these videos have more to do with trying to prove how good that call was - when it was now obviously the wrong call to make. i mean - you must regret not making the extra 15% (so far) that you missed out on?

[stellaconcepts]

looking forward to disagreeing with your next vid ;)

[Growby10]

LOL! I love it!

[catdog262]

Love it !