U know they had a "gold bubble" back in Jan 1980. when gold hit $950 interday.
It took 30 years to recover. Silver hit $55 about the same time and has never recovered.
Both Gold and Silver were bound to go up but it took 30 years to begin again.
No mater what they say u can not eat gold. You have to trade the gold for paper and use the paper to buy food then eat the food. All the time the Gold just sits there gathering dust for 30 years. buy rental real estate and actualy increase your position
silver was never 60 dollars, in 1980, it hit 50 for a short time. There cannot be a gold bubble. When an economy does poorly, the prices of precious metals can only go up, not down. Learn about precious metals and the economy before posting idiodical posts.
LIBYA- NATO- rebels: ethnic cleansing of the town of Tawerga with 10,000 inhabitans !
Look how intelligently the newspaper manipulates ethnic cleansing in the title !
telegraph. co. uk/news/worldnews/africaandindianocean/libya/8754375/Gaddafis-ghost-town-after-the-loyalists-retreat.html officer of the rebels: "We said if they didn't go, they would be conquered and imprisoned. Every single one of them has left, and we will never allow them to come back."
The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational tool, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
i think you work for the government and are starting a propaganda because gold is a reflection of the economy and the fiat money is the reason we are the predicament we're in. OH, and the corrupt politicians
gold doesnt bubble. It quite simply reflects the state of world economies. Gold goes up...stocks are losing. Gold goes down....stocks go up. Quite simple. PS gold also reflects inflation...gold isnt gaining value...your paper money is losing its worth. Itll keep going up until the US fixes it's economy, in other words...its going way up. 2500 buy January 2011 guaranteed.
@Dalt54321 trust me...gold goes down..gold bubbles.buy ur gold now(u should have bought gold since 2007-8)silver and chinese coins and sell em when they have reached at a rly rly high tag.(price).sell ur gold when its still rising.cause later will go down and its gonna be too late 4 u.
the fed would lose control of world governments if there were a gold standerd! its much easer to steel and manipulate markets with paper backed by nothing,you print as much as you want then lower lending rates ,ounce hooked you reel them and take everything they have by destroying property values.debt is used to control people and governments .
it would be funny if one day china says oh its ok we will lend you 100 billion but you must give that in gold bars not in paper money. lol some people are going to get a heart attack.
If the people of a nation were on the ball, The RESOURCES of a nation would be in the public trust as a cooperative....not private ownership. The resources of a nation are the peoples inheritance, the only cost is labour. We could be enjoying free gas, free electricity, free food etc....the only true cost is labour. We have been hoodwinked, bamboozled, we sold out our children to imaginary debt. This is a debacle, WE ARE ENTITLED.
@marhoekful and if people are all given th e same whether they work or not (socialism) there is no sense of pride or motivation to work/help out. ur right there is a happy medium there without govt
I think what people need to start discussing is whether or not We the people are entitled to Food, clothing and shelter. Most of the homes are built. Debt is unneccessary, the work is complete. Food can be grown and eaten...no money is required/or gold. Hemp can be grown and utilized in over 30,000 ways, including clothing,rope,building materials, fuel, and ford created a hemp polymer as strong as steel. THIS IS A JOKE. GOLD IS A PRETTY METAL.
@marhoekful This is group consciousness. Everyone is doing it, including people with University degrees, so it must make sense, it must be intelligent. Gold is a heavy, maluable, pretty metal. It has many practical uses including a conductor of electricity, dental fillings, and some uses in advanced medicine. A sane society will use this metal for those practical purposes. An insane society will turn it into bars and store it in vaults.
@marhoekful In such a time, when the current system of debits and credits, of paper and metal currency, of derivitives and mutual funds and 401ks, is collapsing....failing....not working. This is the time for the PEOPLE, to discuss a new way. The PEOPLE did all the work. The PEOPLE built the homes, built the roads and the bridges and manufactured all the cars and grew all the food. ARE THE PEOPLE ENTITLED TO A GOD DAMN THING OR NOT. WHO CARES ABOUT SHINY DAMN METAL.
Gold? what r they nuts? I smelled something about 3 yrs ago when the pres of a major insurance company decided to put their core reserve into gold which was around a billion, it was only a small reserve but if shtf was enough for them to weather any storm, my point being when the ins co.s start buying gold things arent looking very good
continuation: Does congress or Parliament care, does anyone, no they are like You Tube, no more comments, just let them all die! Scavengers that is what all the country's who have territories are, & always have been! & its not Barrick's Gold, its the Gold of the people, from the country's it steals it from, the people of every country, who have Barrick's Gold, should take to the streets and take back their wealth, their rights to prosperity, its on their soil for a reason, given by God himself!
continuation: themselves, since they are living in poverty, while England, made trade deals with Canada, involving Barrick's company, and they allowed them to handle it anyway they wanted too, and did nothing to bring justice about for all those deaths, New Guinea is an English territory, & its handled like all of England's territories & USA territories, who cares? they don't give a damn about the people, just what they can take from the islands or country's, leaving the people to die, & suffer.
continuation: on every single video referring to Barrick's Gold, they have disabled comments, why? that company slaughtered thousands in New Guinea, they stabbed, beat to death, and raped men, women, and children, because they hired racists as security guards who are mercenaries, which is always the case with mercenaries, they never stand for anything good on earth, and Canada allowed it, so did England, they were shifting through the garbage, looking for a little bit of gold for themselves,
Barrick's Gold, & all the very very stupid country's that do any type of business with that company, like Argentina, Mexico, England, United States, Sweden, China, etc. the stupidest country's need new leadership, because that gold can be mined by the country, themselves and the money used to help the people. do you notice that the country's mentioned & there are others, claim to have the answers & the intelligence to tell other countries what to do, while theirs perish? & You Tube even has a
OMG, this is economists show? Gold isnt there to be speculated with, gold is there to protect your wealth against inflation. Do you people even get such concept? This is not futures nor bonds nor stocks, its a tangible asset which steadily priced due to inflation. Yes, its given that you might see a small bubble due to fast demand, but large gold goes up in price due to INFLATION. So once again GOLD IS PROTECTION
Perhaps you have not seen a 30 year chart on gold prices. 1981 gold price was $850 at its peak. Before 1983 it dropped to around $300. Inflation adjusted how much would gold have to have gone up before you got your money back if you got stuck with gold when it dropped?
Do you think holding on to something for 30 years to get some return is a good investment? If you are wrong you might be dead before you get your money back! Good luck with that non sense! LOL
@MrSupernova111 Did you even read my comment? Gold is a way to protect your assets, not an investment. Gold at its lowest is equal to the price of the dollar, meaning if gold goes down in price the dollar is stronger, so you are not losing anything. Or is this logic a little hard? As for your question the gold gold need to hit $2300, but it once again does not matter, because you keep thinking of gold as some sort of stock.
You are seeking protection from what exactly? You are better off making an investment that pays dividends or interest than putting money into something that is at record highs in price which is purely driven by speculation.
If you are worried about the dollar collapsing there are still better ways around that. My only point is gold price is at record highs and if pops (I think it will soon) it won't be worth the money for another 30 years just like in 1981.
@MrSupernova111 I am seeking protection from fed reserve monetizing debt by printing money, as well as protection from QE1 and 2 and so on and so forth. In short protection from inflation, meaning as more money being printed the less they will worth, meaning, any of your saving will worth less. And the price of gold doesn't "pop" again its not a stock, all it means is that dollar got stronger.
@MrSupernova111 I know that even though the concept is simple enough, plenty of people have trouble with it. In gold there is no such thing is return on your money. Money isnt tangible asset, nor commodity, so it inflates, and deflates. Gold on the other hand is the real money and has nothing to do with investment. Dollars is like stocks of USA, I hope this clears it up a bit
There has NEVER been a case where tankers park outside of ports. They are always just over the horizon. So you fly out 20 miles and see none because you had not flown far enough. Same tripe arguement in the 1970s. Tanker companies charge close to $3 million US per day, this would rapidly eat up any price speculation.
It is so humorous to see the comments from Glen Beck's minions who think stating facts about gold is an attack on their ideology. Send those worthless dollars to Glen Beck and he will send you some shiny metal.
John Stuart Mill's description of conservatives was spot on.
@BBradshawProductions - if it's just the dollar falling then why has gold risen in every currency in the world? You're basically claiming a currency can both appreciate and depreciate relative to the dollar at the same time.
Gold prices have risen, while actual demand has not. It's a speculative bubble at this point.
Check out Max's "lost millions for some poor client" video. He might be right and might not. Simple answers: 1. never fall in love with any investment 2. be pragmatic 3. never put all your eggs in one basket 4. never bet the farm on anything no matter how good it looks and 5. WATCH YOUR BASKETS being ready to take chips off the table at a moment's notice.
EVERYTHING is a gamble but doing nothing like staying in fiat is guaranteeing a loss.
If you were wondering, it was the pig who lived in the brick house who survived. The golden house got raided and stripped to the foundations by a mob of hungry homeless pigs.
@soapmode Spoken like a man with no gold. My shiny little house is loaded with shiny little bullets and I've got a pension for bacon. Bring a friend. Oink... Bang:o
Gold will not be all bubble, the wild card here is that the Dollar is collasping and the economy is toast, that was not the case during the brick and Mortar Bubble.
TRUTH is gold isn't rising in value, it is just that the American dollar is losing it's buying power, it's value since the Bush gas BS and Housing Market BS boom started in 2004.
We as Americans are taking a very big pay cut due to the crappy economy since the oil price went crazy during Bush and Cheney
@BBradshawProductions that cant be true, gold has gone from $250 to $1400 in 10 years, the dollar cannot have been devalued 80% in 10 years, at;east inflation has not shown that, there's something else to the gold prices.
LOL, the 'ole "oil parked on tankers just over the horizon bit" has reared it's head again. This first appeared in the late 1970's and no matter how far out the news folks flew, they apparently did not fly far enough to find the huge fleet of full super tankers. By the way, it was Clinton who deregulated the financial services industry.
@pirateapprentice Notice also how that bubble to 800+ happened right before Carter left office? It was his economic policies that caused it. This current rise started just after the 9/11 event when we had a mild recession. That is when the folks that bought the $800 gold started pushing for common folk to buy gold. The demand for gold has not out stripped supply so prices should be no where near what it is. Wait until the futures holders demand possession.
@pirateapprentice COMEX has had problems recently where futures sellers were taking too long to deliver the actual commodity. Wait until the actual owners of short sold gold decide that want to cash out. Gold price is being driven by a paper supply not a bullion supply.
It morphed into everybody giving wall street a oral sex and paying them for the privilege. Instead of the other way around. Governments job is to make us think sucking off bankers is worshipping God. Lets call it what it is government banking theft plain and simple. What makes me LMAO is the people sucking the bankers insisting they love the smell and taste, as they have there guts eaten away by the bankers expulsion into the publics mouths.
january 24th the ashtray approximately half an inch below my finger disappeared. i live in syracuse and not the gulf of aden. the effects done to me are irreversible. coughing at my thoughts will hasten your economy's crumble and your death, rather than increase your lifespan, as you might have supposed, as you might have supposed that forcing my failure with your shortlived victory was beneficial to your health or your family's and loved one's health. the death toll is increasing.
Gold is not worth any more than it was hundreds of years ago, dollars are worth less. In Roman times, 1 oz of gold bought you a new toga, sandals, and a hand crafted belt. In 2010 an ounce of gold will buy you a new suit, shoes and a handcrafted belt.
@Hawkdeer best dam point made by anybody . You sure do not need to be an economist or bankers to understand its shit thrown on the wall and not the gold we are told . The job of CNN and FOX is to brain wash us into thinking that same shit is in our best interest.
Elephant in the room: GO BACK TO BARTER! Allow people to barter, including things such as moral values: e.g. as a vegan and a non-reproducer who does NOT contribute to world overpopulation and as an anti-religionist, I should get paid in food and property taxes (of course, in a barter system, I would barter my taxes, too).
I don t think you understand what has been going on the past 80 years.Go back home and learn something about economy of earlier civilizations, ans you will know where your fraudeulent paper money system comes from
silver used to be 60 bucks an oz. now it's less than 20 after hitting 6 bucks or so. of course there can be a bubble. when your hairdresser is talking about gold, it's time to sell.
@biohax Silver was never 60 bucks and it's over 42 now as of 9/9/2011 and rising. This vid is nearly 3 years old and haven't seen any bubbles except for ones in your brain.
@biohax Silver Was never 60$/oz, the highest it has ever been was in April 2011 at 49$/oz. The way the Bernake drops money out of helicopters it wouldn't surprise me if Silver is 70$ in 18-24 months. There's no bubble, there's only short term manipulations but overall it can ONLY GO UP. Looks like you should listen to your hairdresser a bit more...
@manniman82 alot fake silver from China ! suppose Gold bars from FT KNox , just plated but not gold bars, why because paper is going to worthless , theres no way to pay back 14 trillion US Dollars , money is debt , it cant never be paid back , ask the Iluminate Federal Reserve Mafia
Incorrect. In the seventies, you could buy ONE suit with ONE ounce of gold. Today, you can buy FIVE of the same quality suits for the dollar amount of one ounce of gold. The dollar is depreciating while gold and silver get rare. I'll keep buying for now.
Gold may come down alot, but this may be due to everyone dumping ETF's & pushing the dollar up & all commodities down. We saw this in the last week of May 20. Gold went down for a short time because people are dumping stocks and savings, but gold is going up because those same people are now transferring their FED toilet paper for PM's I hope it does come down to $300/oz We could all load up the boat.
The oil market is manipulated because it's the most regulated industry in the world, hence very few huge corporations own all of it and they form a cartel.
Gold is not a bubble, people are not going deep into debt to buy gold they can't afford with 0% down. That's what lead to the housing bubble. People thinking they can spend their way into wealth.
Gold will be demanded more in the future, not less, because of inflation.
This guy is a tool...anbody that thinks golds price is going to plunge shows his or her's own ignorance....I don't see this this know nothing issueing a retraction of his foolish statements now that he has been proven wrong. People need to read up on this Max Keiser's backround..........
People should have some precious metals, but not all your investments should in them. Gold is a double-edged sword right now. There could be inselling, to crash the gold back to the pre-bubble price, which is around $300/ounce.That might be the tool, they do to balance out the currency. That is speculation,but its possible. The banks, have much in the currency, so I would say its possible.
lol. ok so it is over a year later.......gold is still only at 1100. the bubble has not burst. gold is artificially kept low in price. gold is expected to rise to 15,000 an ounce within the next 5 to 10 years, that is why you have to sell off gold once gold reaches an extreme high, buy something like real estate, buy tons of land for pennies. then there will be a collapse in the price of gold.
The Bond Market is the next bubble and wait till interest rates go up....as The Fed is already eating itself to death. A portfolio without hard currency is a bust. Look for an example in Sept. 2008....The Avg. Stck Price went down 40 -60% - While GLD Slid to Just under 15% - And then bounced back. In fact it is one of the only Stocks I held (other than an USU) that did rebound so quickly. Oh and Mises would probably agree!!
Gold is garbage. It's obvious to anyone with a functioning brain that the run-up in gold prices signal an asset bubble. The bubble will burst and Ludwig von Mises will laugh at you all.
ah... sorry man but gold is NOT going up, the dollar is going down. The dollar value is getting lower and lower and so it costs more dollars to buy the same amount of gold. Golds actual purchasing power has remained relatively very stable over the last several hundred years. The thing that is moving is the dollars and other currencies, as they print and print and print and the direction they are going is DOWN. Why? Because they're not worth anything!
My problem with "investing" in gold is the immediate loss on the purchase - for example;
Buy gold on Monday and pay 10% markup over spot price to seller. Sell it on Tuesday suffer a 10% loss to the buyer. The Buy / sell margins are simply too great and the margins seem to stay the same - no volume discounts no matter how much gold you want to buy.
nah, it's not that bad. If you're paying 10% each way, you need to get a different dealer. Of course they have to make some money on the deal, they're not charging usary!
Gold and goods/services have always been comparitively parallel in worth, no matter what economy existed. It's debt based money that sucks and inflates.
Since it it Christmas day, I wanted to pray for everyone today. I am praying for the whole world in these troubling times. I know that the Lord Jesus Christ is the true king upon which the righteous government of the earth will someday be built. He is the only one that can solve all of these problems. He is the only one that can bring true peace. I pray for Him to bless you and keep you, and for His face to shine upon all of you and to give you His true peace and understanding.
There is no gold bubble. There is a reason why gold and silver is going up. Gold and silver have always been real money, but since 1971 people have been tricked into believing that a green piece of paper is worth more than gold because it's backed by CONFIDENCE (emphasis added). People are moving to gold and silver because they are realizing that they've been tricked into believing that a dollar is a dollar, when in fact a dollar is just toilet paper.
He is just talking in circles, and trying to convince people that the Dollar is a stable currency? Whatever this dude is thinking, I think he has it wrong.
Yeah, keep all your dollars that slowly depreciate, or buy an ounce of gold at 1150 dollars and then it'll be worth 200 Ameros in the future.
So if you have a large amount of Dollar currency in a safe, it's just slowly loosing buying power every second.
u didnt listen? he said gold will goto 2000-3000 an oz before entering the 3rd phase, the bubble phase. he is just telling u how to recognize when the gold market becomes a bubble in a few years from now
no, gold is NOT simple a reflection of inflation. all the price of gold shows when looked at by itself is how much people are willing to pay for gold futures. gold is about 55% of a 12 month period, have you groceries gone up 55% over the same period? i doubt it.
You store your value in groceries and I will store mine in gold.
The federal government printed a massive amount of money as Bush was leaving and as Obama was parking his butt. That is not with out consequences, and I do suggest keepign track of food, gas, housing, ... values/prices of things. Enjoy the jobless recovery ;(
@Martintfre - yes the theory is great, you get richer by just fiddling around with the computer a bit. the bad part is for every trade there is a winner and loser. most often times the loser is the guy in the street. money is exchanged from the loser to the winner, but there is no trade of any good or service, so the economy as a whole is no better off. this economic model we have based of speculative trading just moves around money, but creates no real wealth.
this is very naive thinking. the entire economic system of capitalism is based upon asymetrical trades. when you go to starbucks and buy a $3.00 coffee, you are giving them something like $2.00 money for nothing. this is what marx meant when he said capitalism transfered wealth from the working class to the capitalist. through masses of asymetrical trades made over time, the rich because immeasurable richer while the poor get poorer.
You the customer make your choice to pay $3 for starbucks - you value the $ equal to less then the coffiee, Me another customer goes to McDonalds and pays $0.99 for my coffiee - we both win - and it matters not to us if Starbucks or McDonalds profits or not -- except they wont stay in business if they keep losing money by selling to cheap.
Every trade does require a winner and a loser. The market makers on Wall Street never allow themselves to be placed in a position where they can't make money. This is true for stocks and more evident with options contacts. For every CALL option, there will be a PUT option to counter that. It's a very quick exchange. That's why from time to time investors don't get their orders filled because there is no one on the other side to counter their order (ie. a buyer to a seller, etc.).
very true, and you're comment reminds me of some great quotes from the movie wallstreet, gordan gecko says "This is a Zero sum game pal, someone wins and somebody loses" and he also says in another scene, "I create nothing; I own." says it all doesnt it?
why would wealth belong in precious metals from? where do u get such a ridiculous bogus idea from? wealth is just another word for material possessions of all sorts, not just precious metals. there is only so much bling people can wear at once.
asdasdasdasdasd23456 : Gold is real money not bling eventhough it is use as jewelry it is not primarily for that. It is real money used over the past 6000 years to trade for comodities. Dollars are paper IOUs the feds demand that you use as money put it is not real. Gold and Silver are real and always have been. Anyone under the age of 35 wasn't around when Nixon took us off the Gold standard and so doesn't quite get it.
Actually gold peaked at $800 in 1980 and the price fell for 20 years. So your buying power increased about 50% in 20 years. That's a 2-1/2% gain per year.
@B0rnAl0neDieAl0ne . Sure, cash is a crappy investment but if you would have bought $500 in gold in 1980, it would be worth about $1125 today-- still not enough to buy those groceries. However, If you put $500 in a Stock index in 1980, it would be worth over $6000 now.
That means that gold is worthless over long periods of time since gold was $850 in 1981 and today its just over $1400. No? What's the math on that? LOL
Yeah good point drsteve. Is there enough gold to back the global economy and cover the untoldtrillions in derivatives too? i seriously doubt it. So what do you do? just cover some parts? Let shit fail" yes!!!!!!!!! Let shit fail if it'sa fucked up model hat can't compete or produce. Simple. someone w/a brain will organize a model that can if allowed.
Remember around the turn of the late 1800's into early 19's? They were saying you can't use the internal combustion engine to plow the fields or transport goods. It has been dumb animals for the entire length of civilization doing that task. Guess what?Only dumbasses use animals to plow fields now. need I say more about Gold as the only usable currency?
Fuck me, JJ.....some valid arguments delivered in an adult fashion. You can't create gold out of thin air like banks can create money. The money industry is a non-reversible problem. You can't go back to the gold standard now fractional reserve banking has been invented. Some things can't be undone. I only wish I'd learnt about how banks and goverments really work when I was a teenager. Fuck the lot of them, that's what I say.
There is no gold bubble. Gold is still at a pretty low level. Back in 1980 during the energy crisis the price of gold peaked at $850/oz, which would be roughly equal to $2200/oz, inflation adjusted.
Gold still has a long way to go in real value, plus inflation.
That doesn't make sense supply and demand. It there are oil tankers parked on ports waiting for the price to go up. Than that more of a supply driving cost down. Right?
If the U.S. currency collapses in the next 2-5 years, then we will likely see a major world trend away from fiat currencies and towards gold, which will push up demand to incredible heights. I understand what Max is saying, but the underlying dynamics of the gold market could keep this from being a bubble. Gold at $10,000 an oz would not surprise me within 10 years time.
Gold doesn't just automatically have to be real asett forever just cause it has been thus far. That is just plain wishful thinking.
If it is meant to keep it's relative stability then the gov is going to screw you out of that too in the end. you think they haven't thought about everything rquired to enslave everybody?If we just go to a debtor chip implant as only legal tender you've invested in shiny fishing weights haven't you?Use your head think like elitist. Quit playing the game is answer.
The US $ and gold are both manipulated. However, gold can't decline under $800, even if we had a good recovery. As Soros put it, the world's economy has been put on life support, and shows no signs of coming off.
In any case, gold is way too slow to make good money off of unless you're really rich. Buy up some UNDERVALUED JUNIOR GOLD MINES to create wealth, as many of these companies are wildly profitable earning $500+ oz./gold. Check out these companies: PMMEF, MAGNF. These are going to be big
Your talking about the manipulation of the market though. For a while you weren't even allowed to own gold, then you were again. The silver price was bid up to massive numbers by people buying it all up fearing a shortage.
The truth is, it's still been relatively stable.
And did you not actually read my comments? I was talking about how the price of everything going up. The dollar isn't worth much now. Inflation is whats raised the price of gold.
What is the current cost of producing gold? I've heard it's something like $500 an ounce which probably makes gold overpriced. I, like you, think it's going to go up but only because of rampant fear of inflation. These stupid commercials buying gold is probably sewing the seeds of a gold bubble. If there is no price inflation and gold goes to 1500 and production costs stay at $500 there will be over production of gold and an eventual collapse.
One thing you have to understand is Gold is real money. Gold has been used as money for thousands of years and will continue to be used as money long after the USD is gone. Paper money like the USD is based on trust. Once the trust is gone the currency collapses. The Fed has doubled the money supply in less than 1 year. That is the definition of inflation. The inflation in prices that are coming are the result of the money supply being doubled. Currency collapses happen really fast... Got Gold?
I hear ya, and I agree, but I am getting a little worried that gold fever may drive the price of gold too high in the short run. In the long run, according to the estimates of the amount of dollars in the world, gold could hit 10k or more per ounce (assuming all the dollars came home and we had to back it with gold). I am strictly referring to short term. I am surprised gold hasn't broken 1k. It's in fairly short supply (nobody in my area has any or silver coins) an there are a lot of gold bugs.
The worst part is that when our forefathers came here they had gold coins in their pocket and we gave them paper, lead, zinc, copper and steel. People have been sending us very real wealth like oil, food, consumer goods... And we have been sending them digits in a computer.
I hope the world doesn't catch on soon, but I think that's wishful thinking.
I doubt the mines sell their gold for 500$. There are a lot of costs, such as machinery upkeep, mine structure upkeep. I don't know if that covers the miner's salary but probably... Besides, it ain't the mines that decide of the price, it's the demand. Anyway, i'm a silver guy, so i'm not that wise when it comes to gold.
As Peter Schiff has stated, all the Gold talk you hear now is companies wanting to BUY your gold. You see and hear it everywhere. Sell your Gold for Cash! The bubble in Gold will be the opposite. When you see George Foreman on infomercials trying to SELL you Gold then you know we've reached the peak of a Gold bubble. Who knows what's going to happen... I just like Silver/Gold because it stores real purchasing power. The Fed can print print print and essentially they're stealing wealth from all.
Absolutely incorrect. He is a bear on America in its present condition. He is very bullish on many things, such as China, India, commodities. Just because someone is bearish on America does not discredit them, how idiotic you must be to believe such a sentiment. To say there has been a "2000 point rally in the stock market" shows you are a typical consumer average american who knows nothing about the stock market. Rising prices due to inflation isnt real wealth.
U know they had a "gold bubble" back in Jan 1980. when gold hit $950 interday.
It took 30 years to recover. Silver hit $55 about the same time and has never recovered.
Both Gold and Silver were bound to go up but it took 30 years to begin again.
No mater what they say u can not eat gold. You have to trade the gold for paper and use the paper to buy food then eat the food. All the time the Gold just sits there gathering dust for 30 years. buy rental real estate and actualy increase your position
anyname666 1 month ago
I don't get it.....They described the steps in a bubble, but I don't see how this relates to the point that seems to be implied in the title.....
RockyMountainPrepper 2 months ago
Funny they're talking about gold on TV in 09. I know there is a show on now about gold miners.
trick29420 3 months ago
I'm going to buy my gold AFTER this bubble pops.
MogofWar 3 months ago
silver was never 60 dollars, in 1980, it hit 50 for a short time. There cannot be a gold bubble. When an economy does poorly, the prices of precious metals can only go up, not down. Learn about precious metals and the economy before posting idiodical posts.
silverismysuccess 4 months ago
@silverismysuccess
exactly
gold has and will always hold value
hottietoothfairy 4 months ago
This has been flagged as spam show
ignored now+in future history:
LIBYA- NATO- rebels: ethnic cleansing of the town of Tawerga with 10,000 inhabitans !
Look how intelligently the newspaper manipulates ethnic cleansing in the title !
telegraph. co. uk/news/worldnews/africaandindianocean/libya/8754375/Gaddafis-ghost-town-after-the-loyalists-retreat.html officer of the rebels: "We said if they didn't go, they would be conquered and imprisoned. Every single one of them has left, and we will never allow them to come back."
edgar0001 4 months ago
This has been flagged as spam show
The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational tool, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
khayelitshaissafe 4 months ago
i think you work for the government and are starting a propaganda because gold is a reflection of the economy and the fiat money is the reason we are the predicament we're in. OH, and the corrupt politicians
mnm121314 4 months ago
gold doesnt bubble. It quite simply reflects the state of world economies. Gold goes up...stocks are losing. Gold goes down....stocks go up. Quite simple. PS gold also reflects inflation...gold isnt gaining value...your paper money is losing its worth. Itll keep going up until the US fixes it's economy, in other words...its going way up. 2500 buy January 2011 guaranteed.
Dalt54321 5 months ago 3
@Dalt54321 2012?
duflf002 5 months ago
@Dalt54321 trust me...gold goes down..gold bubbles.buy ur gold now(u should have bought gold since 2007-8)silver and chinese coins and sell em when they have reached at a rly rly high tag.(price).sell ur gold when its still rising.cause later will go down and its gonna be too late 4 u.
itachiitachi1946 4 months ago
@itachiitachi1946 its not going to go down steeply anytime soon. inflation and other factors such as a poor economy will make sure of that.
Dalt54321 4 months ago
@Dalt54321
Get back on your time machine. Is anyone else surprised that MK would be saying this?
-frequent ZH-
justanotherbum007 3 months ago
Gold is only worth it's practical applications. Anything more is fantasy.
Acheyfeet 5 months ago
Yaaa! I got a suit for 35 Euro's in 2010, design suit by Angelo Litrico!
nokonoko90 5 months ago
Heh, yeah, gold is SO MUCH lower than it was in 2009.
Doom314 5 months ago
but if paper money fall , what guaranties that people will accept some metal ?
phonecpus 5 months ago
@phonecpus 6000 years of gold as a currency, that's what.
gutzs 5 months ago
2 years later...Gold stands at $1815/oz
tampanuggz 5 months ago
@tampanuggz I'm glad I invested in gold when these fags said it was stupid XD
maunderingcabal 5 months ago
I see people buying gold on t.v. they aren't selling on T.V.
MirageScience 5 months ago
we are about to start an american slave trade. motherfucker politicians
Mrgafa 7 months ago 6
the fed would lose control of world governments if there were a gold standerd! its much easer to steel and manipulate markets with paper backed by nothing,you print as much as you want then lower lending rates ,ounce hooked you reel them and take everything they have by destroying property values.debt is used to control people and governments .
MUSTBUYRIGHT 7 months ago
it would be funny if one day china says oh its ok we will lend you 100 billion but you must give that in gold bars not in paper money. lol some people are going to get a heart attack.
MrBigEnchilada 9 months ago
If the people of a nation were on the ball, The RESOURCES of a nation would be in the public trust as a cooperative....not private ownership. The resources of a nation are the peoples inheritance, the only cost is labour. We could be enjoying free gas, free electricity, free food etc....the only true cost is labour. We have been hoodwinked, bamboozled, we sold out our children to imaginary debt. This is a debacle, WE ARE ENTITLED.
marhoekful 10 months ago
@marhoekful and if people are all given th e same whether they work or not (socialism) there is no sense of pride or motivation to work/help out. ur right there is a happy medium there without govt
zackrowe1 6 months ago
I think what people need to start discussing is whether or not We the people are entitled to Food, clothing and shelter. Most of the homes are built. Debt is unneccessary, the work is complete. Food can be grown and eaten...no money is required/or gold. Hemp can be grown and utilized in over 30,000 ways, including clothing,rope,building materials, fuel, and ford created a hemp polymer as strong as steel. THIS IS A JOKE. GOLD IS A PRETTY METAL.
marhoekful 10 months ago
@marhoekful This is group consciousness. Everyone is doing it, including people with University degrees, so it must make sense, it must be intelligent. Gold is a heavy, maluable, pretty metal. It has many practical uses including a conductor of electricity, dental fillings, and some uses in advanced medicine. A sane society will use this metal for those practical purposes. An insane society will turn it into bars and store it in vaults.
marhoekful 10 months ago 2
@marhoekful In such a time, when the current system of debits and credits, of paper and metal currency, of derivitives and mutual funds and 401ks, is collapsing....failing....not working. This is the time for the PEOPLE, to discuss a new way. The PEOPLE did all the work. The PEOPLE built the homes, built the roads and the bridges and manufactured all the cars and grew all the food. ARE THE PEOPLE ENTITLED TO A GOD DAMN THING OR NOT. WHO CARES ABOUT SHINY DAMN METAL.
marhoekful 10 months ago
This has been flagged as spam show
They shall cast their silver into the streets, and their gold shall be [discarded] like an unclean thing or rubbish;Ezekiel 7:19 (Amplified Bible)
SEETHETRUTHb42LATE 10 months ago
Gold? what r they nuts? I smelled something about 3 yrs ago when the pres of a major insurance company decided to put their core reserve into gold which was around a billion, it was only a small reserve but if shtf was enough for them to weather any storm, my point being when the ins co.s start buying gold things arent looking very good
pdxeddie1111 10 months ago
@pdxeddie1111 sorry it was 2 yrs ago and it was northwestern and it was only 400mill
pdxeddie1111 10 months ago
It's interesting this video was released the very same month that oil was tied at a pace in conjunction with the ebb & flow of the dji.
Begbucks 11 months ago
=OoO=
.......Hows that Tale that you Told About the Bubble wagging NOW???...Idiote Merde Substantielle!!
Casmige 11 months ago
continuation: Does congress or Parliament care, does anyone, no they are like You Tube, no more comments, just let them all die! Scavengers that is what all the country's who have territories are, & always have been! & its not Barrick's Gold, its the Gold of the people, from the country's it steals it from, the people of every country, who have Barrick's Gold, should take to the streets and take back their wealth, their rights to prosperity, its on their soil for a reason, given by God himself!
ogismotheonly101 11 months ago
continuation: themselves, since they are living in poverty, while England, made trade deals with Canada, involving Barrick's company, and they allowed them to handle it anyway they wanted too, and did nothing to bring justice about for all those deaths, New Guinea is an English territory, & its handled like all of England's territories & USA territories, who cares? they don't give a damn about the people, just what they can take from the islands or country's, leaving the people to die, & suffer.
ogismotheonly101 11 months ago
continuation: on every single video referring to Barrick's Gold, they have disabled comments, why? that company slaughtered thousands in New Guinea, they stabbed, beat to death, and raped men, women, and children, because they hired racists as security guards who are mercenaries, which is always the case with mercenaries, they never stand for anything good on earth, and Canada allowed it, so did England, they were shifting through the garbage, looking for a little bit of gold for themselves,
ogismotheonly101 11 months ago
Barrick's Gold, & all the very very stupid country's that do any type of business with that company, like Argentina, Mexico, England, United States, Sweden, China, etc. the stupidest country's need new leadership, because that gold can be mined by the country, themselves and the money used to help the people. do you notice that the country's mentioned & there are others, claim to have the answers & the intelligence to tell other countries what to do, while theirs perish? & You Tube even has a
ogismotheonly101 11 months ago
OMG, this is economists show? Gold isnt there to be speculated with, gold is there to protect your wealth against inflation. Do you people even get such concept? This is not futures nor bonds nor stocks, its a tangible asset which steadily priced due to inflation. Yes, its given that you might see a small bubble due to fast demand, but large gold goes up in price due to INFLATION. So once again GOLD IS PROTECTION
samuils 11 months ago
@samuils
Perhaps you have not seen a 30 year chart on gold prices. 1981 gold price was $850 at its peak. Before 1983 it dropped to around $300. Inflation adjusted how much would gold have to have gone up before you got your money back if you got stuck with gold when it dropped?
Do you think holding on to something for 30 years to get some return is a good investment? If you are wrong you might be dead before you get your money back! Good luck with that non sense! LOL
MrSupernova111 10 months ago
@MrSupernova111 Did you even read my comment? Gold is a way to protect your assets, not an investment. Gold at its lowest is equal to the price of the dollar, meaning if gold goes down in price the dollar is stronger, so you are not losing anything. Or is this logic a little hard? As for your question the gold gold need to hit $2300, but it once again does not matter, because you keep thinking of gold as some sort of stock.
samuils 10 months ago
@samuils
You are seeking protection from what exactly? You are better off making an investment that pays dividends or interest than putting money into something that is at record highs in price which is purely driven by speculation.
If you are worried about the dollar collapsing there are still better ways around that. My only point is gold price is at record highs and if pops (I think it will soon) it won't be worth the money for another 30 years just like in 1981.
MrSupernova111 10 months ago
@MrSupernova111 I am seeking protection from fed reserve monetizing debt by printing money, as well as protection from QE1 and 2 and so on and so forth. In short protection from inflation, meaning as more money being printed the less they will worth, meaning, any of your saving will worth less. And the price of gold doesn't "pop" again its not a stock, all it means is that dollar got stronger.
samuils 10 months ago
@MrSupernova111 I know that even though the concept is simple enough, plenty of people have trouble with it. In gold there is no such thing is return on your money. Money isnt tangible asset, nor commodity, so it inflates, and deflates. Gold on the other hand is the real money and has nothing to do with investment. Dollars is like stocks of USA, I hope this clears it up a bit
samuils 10 months ago
There has NEVER been a case where tankers park outside of ports. They are always just over the horizon. So you fly out 20 miles and see none because you had not flown far enough. Same tripe arguement in the 1970s. Tanker companies charge close to $3 million US per day, this would rapidly eat up any price speculation.
Robbob9933 1 year ago
This has been flagged as spam show
KEEP ALL YOUR GOLD NOW, THE PRICES WILL GO UP AND UP AND UP.
tk291100 1 year ago
get out of the gold bubble while you still can
SELL ALL YOUR GOLD NOW
wastedwasted3 1 year ago
didnt happen did it?
obummersux 1 year ago
It is so humorous to see the comments from Glen Beck's minions who think stating facts about gold is an attack on their ideology. Send those worthless dollars to Glen Beck and he will send you some shiny metal.
John Stuart Mill's description of conservatives was spot on.
etramway 1 year ago
@BBradshawProductions - if it's just the dollar falling then why has gold risen in every currency in the world? You're basically claiming a currency can both appreciate and depreciate relative to the dollar at the same time.
Gold prices have risen, while actual demand has not. It's a speculative bubble at this point.
prozacrefugee 1 year ago
Who is the idiot now ?
Gold 1400$
BTW, it is NOT about getting rich ... neither slow nor quick...
... it is about PRESERVING what you've got left !
StandUp555 1 year ago
@Hawkdeer how many TVs did gold buy in Roman times? And how many slaves does it buy now?
prozacrefugee 1 year ago
@prozacrefugee -- a big lot of slaves today. All of them "good nookey."
If you got the nookey, TV is too dull.
Liozeris 1 year ago
Check out Max's "lost millions for some poor client" video. He might be right and might not. Simple answers: 1. never fall in love with any investment 2. be pragmatic 3. never put all your eggs in one basket 4. never bet the farm on anything no matter how good it looks and 5. WATCH YOUR BASKETS being ready to take chips off the table at a moment's notice.
EVERYTHING is a gamble but doing nothing like staying in fiat is guaranteeing a loss.
"Buy and Hold" is dead.
w0tm 1 year ago
If you were wondering, it was the pig who lived in the brick house who survived. The golden house got raided and stripped to the foundations by a mob of hungry homeless pigs.
soapmode 1 year ago
@soapmode Spoken like a man with no gold. My shiny little house is loaded with shiny little bullets and I've got a pension for bacon. Bring a friend. Oink... Bang:o
skudlick 1 year ago
@skudlick You've got a bacon pension? Cool. Does it pay out smoked or lean cut?
soapmode 1 year ago
Gold will not be all bubble, the wild card here is that the Dollar is collasping and the economy is toast, that was not the case during the brick and Mortar Bubble.
whtswrngwthupeople 1 year ago
wtf? By the time gold reaches those heights, the economy will be even more in the shitter and no one (smart) will want dollars.
StatelessEuphoria 1 year ago
If the idea of the FED is to destroy the dollar by devaleuing it, it makes sense that gold needs to be protected.
vientoenpopa3 1 year ago
@vientoenpopa3 the only way gold needs to be protected is with a shot gun lol
cambler365 1 year ago
TRUTH is gold isn't rising in value, it is just that the American dollar is losing it's buying power, it's value since the Bush gas BS and Housing Market BS boom started in 2004.
We as Americans are taking a very big pay cut due to the crappy economy since the oil price went crazy during Bush and Cheney
BBradshawProductions 1 year ago 2
@BBradshawProductions that cant be true, gold has gone from $250 to $1400 in 10 years, the dollar cannot have been devalued 80% in 10 years, at;east inflation has not shown that, there's something else to the gold prices.
whtswrngwthupeople 1 year ago
LOL, the 'ole "oil parked on tankers just over the horizon bit" has reared it's head again. This first appeared in the late 1970's and no matter how far out the news folks flew, they apparently did not fly far enough to find the huge fleet of full super tankers. By the way, it was Clinton who deregulated the financial services industry.
Robbob9933 1 year ago
@Robbob9933
The last gold bubble was also in the late 1970´s - just a coincidence?
pirateapprentice 1 year ago
@pirateapprentice Notice also how that bubble to 800+ happened right before Carter left office? It was his economic policies that caused it. This current rise started just after the 9/11 event when we had a mild recession. That is when the folks that bought the $800 gold started pushing for common folk to buy gold. The demand for gold has not out stripped supply so prices should be no where near what it is. Wait until the futures holders demand possession.
Robbob9933 1 year ago
@Robbob9933
The higher price should push more and more mines above the profit margin,
but this is a bubble driven by fear (deficit, money-printing), too many try to get
through the same door at the same time. Oh, it should be 1970s (plural) - not
1970´s (genitive); I just copied your mistake and it is therefore not my bad , lol.
pirateapprentice 1 year ago
@pirateapprentice COMEX has had problems recently where futures sellers were taking too long to deliver the actual commodity. Wait until the actual owners of short sold gold decide that want to cash out. Gold price is being driven by a paper supply not a bullion supply.
Robbob9933 1 year ago
It morphed into everybody giving wall street a oral sex and paying them for the privilege. Instead of the other way around. Governments job is to make us think sucking off bankers is worshipping God. Lets call it what it is government banking theft plain and simple. What makes me LMAO is the people sucking the bankers insisting they love the smell and taste, as they have there guts eaten away by the bankers expulsion into the publics mouths.
jobedied 1 year ago
Oh Max, dear little Maxie, you are not very bright, are you?
mcsteel77 1 year ago
I may have to buy a Quart or 2 of oil
louis12346 1 year ago
january 24th the ashtray approximately half an inch below my finger disappeared. i live in syracuse and not the gulf of aden. the effects done to me are irreversible. coughing at my thoughts will hasten your economy's crumble and your death, rather than increase your lifespan, as you might have supposed, as you might have supposed that forcing my failure with your shortlived victory was beneficial to your health or your family's and loved one's health. the death toll is increasing.
kroovyandcal 1 year ago
Gold is not worth any more than it was hundreds of years ago, dollars are worth less. In Roman times, 1 oz of gold bought you a new toga, sandals, and a hand crafted belt. In 2010 an ounce of gold will buy you a new suit, shoes and a handcrafted belt.
Hawkdeer 1 year ago
@Hawkdeer best dam point made by anybody . You sure do not need to be an economist or bankers to understand its shit thrown on the wall and not the gold we are told . The job of CNN and FOX is to brain wash us into thinking that same shit is in our best interest.
jobedied 1 year ago
Elephant in the room: GO BACK TO BARTER! Allow people to barter, including things such as moral values: e.g. as a vegan and a non-reproducer who does NOT contribute to world overpopulation and as an anti-religionist, I should get paid in food and property taxes (of course, in a barter system, I would barter my taxes, too).
deskset24 1 year ago
If you cannot trust gold; what can you trust? Paper is dangerous right now.
AnnoyedDragon 1 year ago
PEOPLE NEED MONEY
MirageScience 1 year ago
Gold bubble? Its been a year and gold is only going higher.
Cash is trash!
flclfanman 1 year ago
@flclfanman
Tell me where you live. I'll come and haul away your cash trash. No charge.
kossmikham 1 year ago
I don t think you understand what has been going on the past 80 years.Go back home and learn something about economy of earlier civilizations, ans you will know where your fraudeulent paper money system comes from
7aniba3al 1 year ago
silver used to be 60 bucks an oz. now it's less than 20 after hitting 6 bucks or so. of course there can be a bubble. when your hairdresser is talking about gold, it's time to sell.
biohax 1 year ago 6
@biohax Silver was never 60 bucks and it's over 42 now as of 9/9/2011 and rising. This vid is nearly 3 years old and haven't seen any bubbles except for ones in your brain.
elektrikcity 4 months ago
@biohax You are an idiot!! Silver was $50/oz. 30 years ago. It is now $40+
vambo13257 4 months ago
@biohax 40 an ounce.
studybuddydave 4 months ago
@biohax Silver Was never 60$/oz, the highest it has ever been was in April 2011 at 49$/oz. The way the Bernake drops money out of helicopters it wouldn't surprise me if Silver is 70$ in 18-24 months. There's no bubble, there's only short term manipulations but overall it can ONLY GO UP. Looks like you should listen to your hairdresser a bit more...
manniman82 4 months ago
@manniman82 alot fake silver from China ! suppose Gold bars from FT KNox , just plated but not gold bars, why because paper is going to worthless , theres no way to pay back 14 trillion US Dollars , money is debt , it cant never be paid back , ask the Iluminate Federal Reserve Mafia
GalaticSpaceHero 3 months ago
Incorrect. In the seventies, you could buy ONE suit with ONE ounce of gold. Today, you can buy FIVE of the same quality suits for the dollar amount of one ounce of gold. The dollar is depreciating while gold and silver get rare. I'll keep buying for now.
rickrocker 1 year ago
Gold may come down alot, but this may be due to everyone dumping ETF's & pushing the dollar up & all commodities down. We saw this in the last week of May 20. Gold went down for a short time because people are dumping stocks and savings, but gold is going up because those same people are now transferring their FED toilet paper for PM's I hope it does come down to $300/oz We could all load up the boat.
D33Lux 1 year ago
it now takes 8.5 oz gold to buy the dow (may 26,2010)
at the bottom of the depression is was 2 oz gold to buy the Dow.
When the dow first spiked over 10,000 it was over 33 oz gold to buy the dow
Martintfre 1 year ago
The oil market is manipulated because it's the most regulated industry in the world, hence very few huge corporations own all of it and they form a cartel.
Gold is not a bubble, people are not going deep into debt to buy gold they can't afford with 0% down. That's what lead to the housing bubble. People thinking they can spend their way into wealth.
Gold will be demanded more in the future, not less, because of inflation.
zuiprax 1 year ago
This guy is a tool...anbody that thinks golds price is going to plunge shows his or her's own ignorance....I don't see this this know nothing issueing a retraction of his foolish statements now that he has been proven wrong. People need to read up on this Max Keiser's backround..........
NewWorldExposure 1 year ago
People should have some precious metals, but not all your investments should in them. Gold is a double-edged sword right now. There could be inselling, to crash the gold back to the pre-bubble price, which is around $300/ounce.That might be the tool, they do to balance out the currency. That is speculation,but its possible. The banks, have much in the currency, so I would say its possible.
KevZen2000 1 year ago
DOG-GOD EVIL-LIVE jajajajaja
xtyg 1 year ago
lol. ok so it is over a year later.......gold is still only at 1100. the bubble has not burst. gold is artificially kept low in price. gold is expected to rise to 15,000 an ounce within the next 5 to 10 years, that is why you have to sell off gold once gold reaches an extreme high, buy something like real estate, buy tons of land for pennies. then there will be a collapse in the price of gold.
maximusTLP 1 year ago
Already a year, just had a nice laugh on it.
TheArieswu 1 year ago
4:30 I can see gold buying companies on TV, but no gold sellers still...
maybe in next 5-25 years ;-)
grraadd 1 year ago
The Bond Market is the next bubble and wait till interest rates go up....as The Fed is already eating itself to death. A portfolio without hard currency is a bust. Look for an example in Sept. 2008....The Avg. Stck Price went down 40 -60% - While GLD Slid to Just under 15% - And then bounced back. In fact it is one of the only Stocks I held (other than an USU) that did rebound so quickly. Oh and Mises would probably agree!!
apostropheez 1 year ago
Gold is a long term hedge against Inflation. it will not save anyone unless you have a ton of it.
When it is sold it then the banks will blow the bubble of gold out.
dave777blaster 1 year ago
Comment removed
RETIREMESOON 1 year ago
Gold is garbage??????????
O.K what do YOU recommend as a measure of value genius??
straty01 1 year ago 2
@straty01 How much bullshit people can believe.
Cleric775 1 year ago
Gold is garbage. It's obvious to anyone with a functioning brain that the run-up in gold prices signal an asset bubble. The bubble will burst and Ludwig von Mises will laugh at you all.
haytubenon 1 year ago
ah... sorry man but gold is NOT going up, the dollar is going down. The dollar value is getting lower and lower and so it costs more dollars to buy the same amount of gold. Golds actual purchasing power has remained relatively very stable over the last several hundred years. The thing that is moving is the dollars and other currencies, as they print and print and print and the direction they are going is DOWN. Why? Because they're not worth anything!
TheGoodnessIsGood 1 year ago
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OilTradingAcademy 1 year ago
My problem with "investing" in gold is the immediate loss on the purchase - for example;
Buy gold on Monday and pay 10% markup over spot price to seller. Sell it on Tuesday suffer a 10% loss to the buyer. The Buy / sell margins are simply too great and the margins seem to stay the same - no volume discounts no matter how much gold you want to buy.
Hansdafuk 1 year ago
@Hansdafuk I am more concerned about the private bank's ability to print INFINITE amounts of paper or digital money, without any apparent impunity.
10% may seem a small price by comparison.
Cleric775 1 year ago
nah, it's not that bad. If you're paying 10% each way, you need to get a different dealer. Of course they have to make some money on the deal, they're not charging usary!
TheGoodnessIsGood 1 year ago
In Zimbabwe where there is hyper inflation, you can only pay in gold.
piraat6666 1 year ago 3
@piraat6666 A place where billionaires are suffering from starvation and famine X)
Cleric775 1 year ago
how is it a bubble when only 5% of people are actually aware of investing gold and silver
ForTehNguyen 1 year ago
why do people want to keep gold prices down!
there will be no gold bubble...unless we see real "change"!
PatricksTime 1 year ago
Gold and goods/services have always been comparitively parallel in worth, no matter what economy existed. It's debt based money that sucks and inflates.
BourneAccident 2 years ago 2
Since it it Christmas day, I wanted to pray for everyone today. I am praying for the whole world in these troubling times. I know that the Lord Jesus Christ is the true king upon which the righteous government of the earth will someday be built. He is the only one that can solve all of these problems. He is the only one that can bring true peace. I pray for Him to bless you and keep you, and for His face to shine upon all of you and to give you His true peace and understanding.
mrraydean68 2 years ago
There is no gold bubble. There is a reason why gold and silver is going up. Gold and silver have always been real money, but since 1971 people have been tricked into believing that a green piece of paper is worth more than gold because it's backed by CONFIDENCE (emphasis added). People are moving to gold and silver because they are realizing that they've been tricked into believing that a dollar is a dollar, when in fact a dollar is just toilet paper.
jamezbond78 2 years ago
There is no possible way for the Dollar for the dollar to go up to 1995 levels, it's just going no where but down.
Overcastkid747 2 years ago 3
What is the point of this guy?
He is just talking in circles, and trying to convince people that the Dollar is a stable currency? Whatever this dude is thinking, I think he has it wrong.
Yeah, keep all your dollars that slowly depreciate, or buy an ounce of gold at 1150 dollars and then it'll be worth 200 Ameros in the future.
So if you have a large amount of Dollar currency in a safe, it's just slowly loosing buying power every second.
Overcastkid747 2 years ago
the Amero was an idea cooked up by a small Canadian think tank called the Fraser Insitute
it ain't gonna happen
Frankenpalin 2 years ago
u didnt listen? he said gold will goto 2000-3000 an oz before entering the 3rd phase, the bubble phase. he is just telling u how to recognize when the gold market becomes a bubble in a few years from now
psw003 2 years ago
by your own logicthen YOU should be into Gold now and sell it to the "idiots" for ....what ? Dollars? ??? So sell a tangible currency for trash?
davenetdog 2 years ago
Hell, I could care less I am a trillion-air.
Yup I have a 50 trillion dollar note backed by the reserve bank of Zimbabwe.
oh..
I see, it wont buy a stick of gum...
Max needs to look at the money/credit supply.
Gold simply is a reflection of inflation.
Compare what Gold vs stocks that are valued in paper.
Martintfre 2 years ago 2
no, gold is NOT simple a reflection of inflation. all the price of gold shows when looked at by itself is how much people are willing to pay for gold futures. gold is about 55% of a 12 month period, have you groceries gone up 55% over the same period? i doubt it.
asdasdasdasdasd23456 2 years ago
You store your value in groceries and I will store mine in gold.
The federal government printed a massive amount of money as Bush was leaving and as Obama was parking his butt. That is not with out consequences, and I do suggest keepign track of food, gas, housing, ... values/prices of things. Enjoy the jobless recovery ;(
Martintfre 2 years ago
make sure you tell me how that gold tastes
asdasdasdasdasd23456 2 years ago
Its getting better and better every day !
The trick is setting your stops.
Will there be a bubble - wild exuberance - of course - where is the real value - higher then here.
Once the FED stops printing 'money' and the government stops spending more then it has - then gold's value will stabilize.
Martintfre 2 years ago
@Martintfre - yes the theory is great, you get richer by just fiddling around with the computer a bit. the bad part is for every trade there is a winner and loser. most often times the loser is the guy in the street. money is exchanged from the loser to the winner, but there is no trade of any good or service, so the economy as a whole is no better off. this economic model we have based of speculative trading just moves around money, but creates no real wealth.
asdasdasdasdasd23456 2 years ago 2
I reject the idea that every trade requires a winner and a loser.
Robbery is the only kind of transaction that gaurentees a winer and a loser.
Capitalism - Free trade is voluntary -
With every voluntary trade each side decides to engage or not - and each party does so for their own benefit. The net result is win-win.
One side may gain more then the other but both sides gain.
Martintfre 2 years ago
this is very naive thinking. the entire economic system of capitalism is based upon asymetrical trades. when you go to starbucks and buy a $3.00 coffee, you are giving them something like $2.00 money for nothing. this is what marx meant when he said capitalism transfered wealth from the working class to the capitalist. through masses of asymetrical trades made over time, the rich because immeasurable richer while the poor get poorer.
asdasdasdasdasd23456 2 years ago
You the customer make your choice to pay $3 for starbucks - you value the $ equal to less then the coffiee, Me another customer goes to McDonalds and pays $0.99 for my coffiee - we both win - and it matters not to us if Starbucks or McDonalds profits or not -- except they wont stay in business if they keep losing money by selling to cheap.
Martintfre 2 years ago 3
Every trade does require a winner and a loser. The market makers on Wall Street never allow themselves to be placed in a position where they can't make money. This is true for stocks and more evident with options contacts. For every CALL option, there will be a PUT option to counter that. It's a very quick exchange. That's why from time to time investors don't get their orders filled because there is no one on the other side to counter their order (ie. a buyer to a seller, etc.).
msctommass 2 years ago
very true, and you're comment reminds me of some great quotes from the movie wallstreet, gordan gecko says "This is a Zero sum game pal, someone wins and somebody loses" and he also says in another scene, "I create nothing; I own." says it all doesnt it?
bluehorse888 2 years ago
One ounce of gold tastes a lot like a year's worth of groceries.
"this economic model we have based of speculative trading just moves around money, but creates no real wealth. "
At least it is moving wealth where it belongs...precious metals, NOT paper Federal Reserve notes.
kja5 2 years ago 20
why would wealth belong in precious metals from? where do u get such a ridiculous bogus idea from? wealth is just another word for material possessions of all sorts, not just precious metals. there is only so much bling people can wear at once.
asdasdasdasdasd23456 2 years ago
asdasdasdasdasd23456 : Gold is real money not bling eventhough it is use as jewelry it is not primarily for that. It is real money used over the past 6000 years to trade for comodities. Dollars are paper IOUs the feds demand that you use as money put it is not real. Gold and Silver are real and always have been. Anyone under the age of 35 wasn't around when Nixon took us off the Gold standard and so doesn't quite get it.
anthonymellado 2 years ago
If gold was an inflation hedge it would still be down over 50% compared to 1980s levels. I agree with you 100%
navykev 2 years ago
@navykev ? Calculate inflation $500 bucks in 1980 is worth 1300$ in dollars in 2008. Cash is trash !
B0rnAl0neDieAl0ne 2 years ago 21
@B0rnAl0neDieAl0ne Silver was selling for $50 oz in 1980. Is silver trash ?
tfrenn 1 year ago
@B0rnAl0neDieAl0ne
Actually gold peaked at $800 in 1980 and the price fell for 20 years. So your buying power increased about 50% in 20 years. That's a 2-1/2% gain per year.
TYX91101 1 year ago
@B0rnAl0neDieAl0ne . Sure, cash is a crappy investment but if you would have bought $500 in gold in 1980, it would be worth about $1125 today-- still not enough to buy those groceries. However, If you put $500 in a Stock index in 1980, it would be worth over $6000 now.
lidarman2 11 months ago
@B0rnAl0neDieAl0ne
That means that gold is worthless over long periods of time since gold was $850 in 1981 and today its just over $1400. No? What's the math on that? LOL
MrSupernova111 10 months ago
When I posted that it took 9.5 oz of gold to buy the dow - now (two weeks later) it is 8.6 oz gold to buy the dow.
If the dow repeats its depression levels it should be 1-2 oz gold to buy the dow.
Martintfre 2 years ago
Yeah good point drsteve. Is there enough gold to back the global economy and cover the untoldtrillions in derivatives too? i seriously doubt it. So what do you do? just cover some parts? Let shit fail" yes!!!!!!!!! Let shit fail if it'sa fucked up model hat can't compete or produce. Simple. someone w/a brain will organize a model that can if allowed.
rrdrums110 2 years ago
Remember around the turn of the late 1800's into early 19's? They were saying you can't use the internal combustion engine to plow the fields or transport goods. It has been dumb animals for the entire length of civilization doing that task. Guess what?Only dumbasses use animals to plow fields now. need I say more about Gold as the only usable currency?
rrdrums110 2 years ago
Fuck me, JJ.....some valid arguments delivered in an adult fashion. You can't create gold out of thin air like banks can create money. The money industry is a non-reversible problem. You can't go back to the gold standard now fractional reserve banking has been invented. Some things can't be undone. I only wish I'd learnt about how banks and goverments really work when I was a teenager. Fuck the lot of them, that's what I say.
drsteve0487 2 years ago
There is no gold bubble. Gold is still at a pretty low level. Back in 1980 during the energy crisis the price of gold peaked at $850/oz, which would be roughly equal to $2200/oz, inflation adjusted.
Gold still has a long way to go in real value, plus inflation.
KOPYMEH 2 years ago
That doesn't make sense supply and demand. It there are oil tankers parked on ports waiting for the price to go up. Than that more of a supply driving cost down. Right?
gone556 2 years ago
If the U.S. currency collapses in the next 2-5 years, then we will likely see a major world trend away from fiat currencies and towards gold, which will push up demand to incredible heights. I understand what Max is saying, but the underlying dynamics of the gold market could keep this from being a bubble. Gold at $10,000 an oz would not surprise me within 10 years time.
bearcat648 2 years ago
Gold doesn't just automatically have to be real asett forever just cause it has been thus far. That is just plain wishful thinking.
If it is meant to keep it's relative stability then the gov is going to screw you out of that too in the end. you think they haven't thought about everything rquired to enslave everybody?If we just go to a debtor chip implant as only legal tender you've invested in shiny fishing weights haven't you?Use your head think like elitist. Quit playing the game is answer.
rrdrums110 2 years ago
It's equally as wishful to think that something which has been money for the whole of human civilization is suddenly going to become worthless.
Oh, and you're probably not going to get chipped.
KOPYMEH 2 years ago
PM will became the black market currency.
swap PM for food or clothing etc.
hypobusa 2 years ago
The US $ and gold are both manipulated. However, gold can't decline under $800, even if we had a good recovery. As Soros put it, the world's economy has been put on life support, and shows no signs of coming off.
In any case, gold is way too slow to make good money off of unless you're really rich. Buy up some UNDERVALUED JUNIOR GOLD MINES to create wealth, as many of these companies are wildly profitable earning $500+ oz./gold. Check out these companies: PMMEF, MAGNF. These are going to be big
Adahondeayenh 2 years ago
And you say that it didn't preserve wealth? What are you talking about?
You can't really make anything off of inflation, gold isn't getting much more valuable, but it's shooting up in relation to the nearly dead USD.
Gold cannot go back down near where it started, unless there is some massive manipulation.
Anybody that invested in gold has preserved their wealth.
The USD is only going to keep declining because we keep printing off money.
Do you not understand that?
optionaxis 2 years ago
The figures do speak for themselves. I can;t even understand what your trying to argue.
And everything is rising in price. What you don't seem to understand is things go up and down slightly on their rise or decline.
You used to be able to buy a house for 5k, gas for 15cents, you can't say the price of things hasn't gone up.
Those prices can never go any where's near where they started,
So what is your argument?
optionaxis 2 years ago
Your talking about the manipulation of the market though. For a while you weren't even allowed to own gold, then you were again. The silver price was bid up to massive numbers by people buying it all up fearing a shortage.
The truth is, it's still been relatively stable.
And did you not actually read my comments? I was talking about how the price of everything going up. The dollar isn't worth much now. Inflation is whats raised the price of gold.
optionaxis 2 years ago
Actually, American dollars are for idiots. Buy Gold while you can.
naggold 2 years ago
What is the current cost of producing gold? I've heard it's something like $500 an ounce which probably makes gold overpriced. I, like you, think it's going to go up but only because of rampant fear of inflation. These stupid commercials buying gold is probably sewing the seeds of a gold bubble. If there is no price inflation and gold goes to 1500 and production costs stay at $500 there will be over production of gold and an eventual collapse.
christo930 2 years ago
One thing you have to understand is Gold is real money. Gold has been used as money for thousands of years and will continue to be used as money long after the USD is gone. Paper money like the USD is based on trust. Once the trust is gone the currency collapses. The Fed has doubled the money supply in less than 1 year. That is the definition of inflation. The inflation in prices that are coming are the result of the money supply being doubled. Currency collapses happen really fast... Got Gold?
helpendthefed 2 years ago
I hear ya, and I agree, but I am getting a little worried that gold fever may drive the price of gold too high in the short run. In the long run, according to the estimates of the amount of dollars in the world, gold could hit 10k or more per ounce (assuming all the dollars came home and we had to back it with gold). I am strictly referring to short term. I am surprised gold hasn't broken 1k. It's in fairly short supply (nobody in my area has any or silver coins) an there are a lot of gold bugs.
christo930 2 years ago
The worst part is that when our forefathers came here they had gold coins in their pocket and we gave them paper, lead, zinc, copper and steel. People have been sending us very real wealth like oil, food, consumer goods... And we have been sending them digits in a computer.
I hope the world doesn't catch on soon, but I think that's wishful thinking.
christo930 2 years ago
I doubt the mines sell their gold for 500$. There are a lot of costs, such as machinery upkeep, mine structure upkeep. I don't know if that covers the miner's salary but probably... Besides, it ain't the mines that decide of the price, it's the demand. Anyway, i'm a silver guy, so i'm not that wise when it comes to gold.
ExquisiteDoom 2 years ago
I just meant that if there is a big difference between the cost of production and the cost of the product, production will go up and price will drop.
christo930 2 years ago
production cost is around $500=550 oz..
hypobusa 2 years ago
As Peter Schiff has stated, all the Gold talk you hear now is companies wanting to BUY your gold. You see and hear it everywhere. Sell your Gold for Cash! The bubble in Gold will be the opposite. When you see George Foreman on infomercials trying to SELL you Gold then you know we've reached the peak of a Gold bubble. Who knows what's going to happen... I just like Silver/Gold because it stores real purchasing power. The Fed can print print print and essentially they're stealing wealth from all.
helpendthefed 2 years ago
Gold and silver have had every excuse to rise to historic highs and didn't make it because the crisis is not inflationary.
tfrenn 2 years ago
yup! Go for the bargains in the stock market now. These fools are sucked into the shit pit now!
PukkPukk 2 years ago
I follow a lot of people. And just do some general research to keep up with whats going on.
But Schiff was right about a lot of things. The recession, financials, stocks in general, housing bubble, credit crunch.
And he was one of a few saying out in the public eye.
optionaxis 2 years ago
I'll bet anyone a dollar to a donut that Stacy and Max are on pot.
tfrenn 2 years ago
gold is going to come down. the questio is only when it's gonna happen.
FreakishDonQuixote 2 years ago
Peter Schiff is the only hope for freedom from debt slavery.
Check out his channel: SchiffReport
OntologicalQuandary 2 years ago
Peter Schiff is a perpetual bear. Doom sells and that's his business. Why didn't he see a 2000 point rally in the stock market ?
tfrenn 2 years ago
Absolutely incorrect. He is a bear on America in its present condition. He is very bullish on many things, such as China, India, commodities. Just because someone is bearish on America does not discredit them, how idiotic you must be to believe such a sentiment. To say there has been a "2000 point rally in the stock market" shows you are a typical consumer average american who knows nothing about the stock market. Rising prices due to inflation isnt real wealth.
OntologicalQuandary 2 years ago
You seem to know what you're talking about, so where are gold and silver prices going ?
tfrenn 2 years ago