buy gold at any price if you are an investor. The gold just does not weaken. Plus, im told its essential in technology devices so there you go..... Gold first and Silver second bu go agriculture ETF's on a brokerage before any of those because the metals in the earth will not be as scarce as the food in 10-20 years.
gold has never gone down one year in the past 19 years... Every "pick' of Cramers have been losers??? LOOK AGAIN his success rate for predicting stocks is over 90%!!! Your information is false and no one should listen to you!!!!
Please watch the video and read the title before commenting I'm a gold and silver bug and been buying. The video was a short term warning so look at the date I made the call and then look at the charts then apologize.
@davincij15 i looked at the date to be sure you idiot. Look at the charts and get your facts straight bub. And all the articles you posted where extremely bias or not there. SORRY to hear your a failed investor
Then I don't know what to think. I mean buying gold at 900 instead of 1000 was makes me a failed investor because it's at $1400 today. I suppose I am a dumb ass investor for buying silver at $8 in 2008 now that it's $34.
I'm sorry but I don't know what to think about your comments calling me a failed investor other than the fact that I am not an investor so I don't mind failing.
You are laughing at me because I purchased gold at 900 and lower in 2009? OK but some how I feel like the one who is laughing all the way to the bank.
Pull out a chart check the date and time then see what price was gold on Feb 25, 2009 then check what it was one month after and tell me if I was wrong to wait for $900 and lower to buy.
I know who Kramer (from TV) appears to be. He appears to be merely an idiot reading from Teleprompters, screaming, and basically making lots of distracting and immature noises. Kramer is more about entertaining than he is about investing. But, who is this guy (davincij15)? What are his credentials?
I have none, except I'm an average guy working an average job earning an above average salary trying to save money for an old man I need to take care of 30 years from now. That old man does not want to be a burden on his family or friends, and that old man is ME.
Am I correct in assuming gold will allow me to live well in retirement? I only have 6000 years of history to back me up on that so you tell me if I'm correct.
@davincij15 - PART 1 OF 2: I agree, the possession of gold (and silver) is probably the best asset to hold during these uncertain and uncharted times. I too have purchased gold and silver. However, as you know, there are risks:
1) Price manipulation - it‘s very possible that the US Treasury and the IMF (and others) are keeping gold prices down using gold swaps.
2) Gold confiscation (as FDR did in 1933) can occur again.
3) Setting a fixed price on gold, as was the case prior to 1971.
PART 2 OF 2: I don’t believe you’re just “an average guy” and based on your comments on this site, you sound more like an intelligent and well-read individual. Your objective - to not be dependent on someone else when you reach the “golden” years - is highly commendable. I feel the same way. Good luck and good hunting.
So, what’s your point? That life is rigged and unfair? Maybe it is, so what are you going to do about it? How about this, since you believe “all assets are…” - I suggest you own no assets - spend all your earnings on beer and women and die a happy man with your belly full and your sexual needs satisfied. As for me, I play the game and try to outsmart the gamer.
I do the same and I don't mind paying the small premium for the one-ounce pieces but it sure is painful paying the higher premium for the 1/10-ounce pieces. I believe price of gold should be the same regardless of the size of the gold bullion but the wholesale and retail (goldsnake) sellers are gaming the system to make a larger profit margin on smaller coin denominations. Oh well, when playing in their backyard one has to play by their rules.
lol at correction on gold, you think its going to go down no? HA
You don't even know that gold doesn't go up or down, its the dollar that goes up or down, when gold goes up, the buying power of the dollar goes down, thats all that happens. And the dollar is only worth what its printed on... Or at least it will be.
You are preaching to a pastor here, I know all that and I videos are about that. We get paid in dollars every single one of us soooo that means we need maximize the oz of gold we get with those dollars. ;) Got it?
@davincij15 thing is gold will not go down at all unless USA really does create the Amero to temporally strengthen the currency, but you only get 10 cents on the dollar for Ameros with the same buying power as you have right now, therefore, the price of gold per ounce to dollar, I say will be infinite by 1 year, you need infinite dollars to buy 1 ounce, it will be that way soon watch. it will not go down much at all, it will simply gradually increase as the dollar becomes toilet paper.
@TheTrueJBV3737 You are only partially right. The price of gold is affected by two factors, not just one: (1) the value of the US dollar and (2) the prevalent buying/selling of gold. Check the spot price of gold against the dollar the past three weeks or so and you will see that sometimes the gold spot price goes in the same direction as the value of the dollar rather than going in the opposite direction.
@MrPainGain your missing a few more factors that may change the price of gold later on:
1. Only 1-3% of gold is actually real, fake certificates are being sold from the banks which do not actually back any real gold, aswell as "gold pool" scheme from the banks.
2. 75-85% of real physical gold is owned by a few 'richest' people.
3. Dollar is not backed by gold at all any longer, or anything because of Nixon
4. Because of everything above, market is fixed directly or indirectly. Do the math.
When I said “the prevalent buying/selling of gold” that included the actual physical selling/buying of gold AND equity trading of gold (gold stocks and ETFs).
As far as the dollars being off the gold standard – I don’t understand the relevance of that to what I said. In fact, I am very familiar with the 1913 Federal Reserve Act, the 1944 Bretton Woods Act and the subsequent “Nixon Shock,” all three factors having an effect on the dollar becoming fiat currency.
The price of gold is going to drop to less than 100 dollars a troy ounce. Either I have no idea what I'm talking about or I'm right on target. YOU get to decide. It's not costing ME anything. When it happens, I don't want to hear any complaining. If you want to drive around with the "check engine" light on, that's YOUR issue.
You do know that all paper money go to ZERO. The check engine light is turned on for the dollar not gold. lol :)
But hey each his own if you want to take arsenic and call it food go right ahead. Life is filled with absolutes, small amounts of poison every day will kill you and paper money will eventually destroy you, financially.
@davincij15 : In the world of money, gold is the absolute. We're very close to what Germany went through in 1923, and since we didn't learn from their experience, we are compelled to repeat it here in America. Our "Weimar Republic" will dissolve like a salted slug.
Ur a bloody fool, the us dollar is losing value and inflation is devaluing the worlds money . When paper currency declines in value then solid assets like gold will skyrocket .Paper currency is backed by confidence and speculation, gold is backed by basically just gold
@davincij15 : Without having the slightest idea that the price was grossly inflated, even then. Any gold publicly advertised for sale as of 1980 is stolen property, acquired unlawfully by its present holders. What goes up, must come down.
google the following words and find the article and read it..
"Today's modern 'tulip-holders' are being given an opportunity which was not available to the deluded Dutch: they are being given a chance to exchange their 'tulips' for gold, before those 'tulips' collapse to their real value. Do not waste this precious opportunity!"
let's pretend that there is still some underlying value to the U.S dollar, and let's return to our comparison of the U.S. dollar with the shares of a corporation. If you were the shareholder of a corporation, and management announced that they were going to issue trillions of new shares to finance operations this year, and trillions of new shares to finance operations next year, and trillions of new shares to finance operations the year after that (and so on), then...
@davincij15 : Now, you're talking, and then somewhere in the interim, the corporation gets zapped big-time, from some previously unthought-of source--something outside government's power to bail them out. I'd be glad I hadn't invested much. ;]
@davincij15 : Our dollar does have some "safety valves" built into it. Not to get too far afield, but an allegorial representation of this takes place in the film, "The 39 Steps" "Time-outs" can be declared in certain quarters by certain people for only the most serious and important of reasons.
(unless you're one of the deluded chumps holding shares of Citigroup), merely the intent to print-up all those new shares would cause you to instantly dump every share you owned knowing that dilution would take the value of those shares down to only a small fraction of their value.
@davincij15 : I don't deal with Jewish banks because I can see clearly what's going to happen, as it did in Germany. Something good and something huge is happening.
goldpartying com is the biggest and best. We will handle all your gold party needs. We pay 10% to the hostess, and give $50.00 for food allowance. Check us out before you schedule with anyone else. 1-877-528-9465
Look I have done the research studied trends understand how our paper money works.
Right now walk into a mall and ask people where do they buy their gold bullion investments?
I think you know the result of such poll.
Right no only smart money is going into gold, central banks and the top 1%. After phase two of an asset rise phase 3 is the public joining the rush and who the smart money sells to.
I can confidently say that gold will never see the below $1000. If I was in the stock market I would sell gold "puts" at $1000 and make money. I am 100% confident of that, but I am not in it to make money I am in gold to preserve my wealth so if it went back to 750 it would mean that the US gov became responsible again and let everyone fail. In that case you would lose dollars stored in the bank as that's the issue. There are tooooo many dollars.
Last time I check the laws of physics are the same in America as they are in Zimbabwe. You throw a ball up it comes down you print money to pay your debts...
1500 an ounce by the end of the year. If gold drops back down to 400 an ounce, which it won't, the demand for gold will go straight to Mars.... Inflation will happen it always does, especially with all the government spending. Who do you think is going to have to pay the debt...?
Agreed on the gold resetting itself, as well as the silver. Based on just history alone, we're headed for one hell of an inflation period. Germany ring a bell? I've purchased a few gold coins and some silver. I've also purchased Half Dollar Walkers sheerly for barter purposes. I don't think having any precious metals, at this point, is a bad thing for future security. Have a look at this false sense of security right now as you see the market go back up. I also like that RP banner in the back.
That was a good call, there was a lot of hysteria at that point. I think that the market was at bottom when this video was made. I am starting to buy again. Maybe in a week or so.
this guy said your to sell your gold ! lol ya you do that, lol when you do i'll be there to buy what your selling for the trip up hell. so do what he said i'll buy at that low price your selling . the thing to do is hold on your gold/ silver , it will reset itself. as the dollar falls, its the reset that you have to look for . people like him selling, you got be the one buying, gold it has made the test of time.,all ways will. over gold / silvers a damm good buy right now !
I read a report today saying that a UN Delegation will next week recommend that the Dollar NOT be the Worlds reserve currency. They will recommend a basket of currencies to take over the role of the Worlds Reserve Currency. This will be Disastrous for the U.S. Dollar. Gold will shoot up with this news in my opinion.
I appreciate your open minded analysis and it is brave to go against the conventional belief like this. I had a general sense of the same thing for the last couple weeks - almost thought of shorting gold. Hard to say for shure what will happen though IMO - whether short term fundamentals will drag the price down or enough people will wake up to the reality of future inflation and the price will continue to climb.
Burying silver is very simple. Coinage rounds need to be stored as resistant to moisture and atmosphere as possible. Take a trick from the food survivalists and store the silver in plastic tubes, inside mylar bags, toss in an o2 eater (pill), heat seal mylar, and bury at least 24-36 inches. Remember, most good metal detectors may be able to detect that large of a quantity. Some, ahem, friends, have buried deposits under concrete pads or have strewn alum. cans just under the surface.
looks like gold is going up today a bit.. where are you thinking of getting those 1/10 ounce gold coins?.. Im curious because im also a canadian and Im having trouble getting them "unless I want to buy A LOT of them"
not to mention auto loans, credit cards, personal loans , store cards, student loans etc multiply all those repayments by at least 4/5 times.
thats not including all the enforced liquidations through bankruptcies of which there will be 10's of millions , 100's of millions worldwide. Think about it where is all this money going to come from ???
NorskTrader: I know you don't get it like many people however if you are willing to do some research you will see that private portable assets are the only thing that people should save.
No its clear you don't get it. Gold isn't going to the moon, we aren't going to have hyper inflation and your not going to be filthy rich in 5 years time. and when gold drops to 400/500 in the next couple of years you'll be the first one shouting 'conspiracy' because the market hasn't reacted the way you think it should. id really stop listening to peter schiff, but its clear to me you're relatively new to trading, i can tell by the way you've 'got married to your investment.'
Gold and silver is going a lot lower than that. Possibly zero as no one will sell it for dollars.
Ask your self this why do you own dollars?
Is it because you like statements with a lot of zeros or paper with numbers and pictures of people who's own writings agree that gold and silver is money and would go to war against the US government if they were alive today?
No, you own dollars for the things it will buy. Notice the key word there "things"? Virtual money can and will be created.
Paper money is just a marker number for peoples perception of value. The paper it's self has no value. Real things have value such as gold and silver. If you look at the federal reserve data the money supply was just growing exponentially then doubled in September.
There is currently 6 trillion dollars outside of the USA. What are those people going to buy with that from America? Houses? lol
Oh BTW: you will be right gold will go down on the COMEX as it's just a paper promise of gold and not gold. Once people figure out that ponzi it will collapse the price.
i sold all my gold positions when cramer kept pushing it everyday (great contrary indicator) and the rest im holding in physical.he also pumped tanker stocks and shippers at their all time high.he is talking about dollar stores stocks now so be careful with those too,)
Very insightful, and I love the sign in the back, looking at mine right now. You're a realist, I like it. "We don't have free markets, deal with it." You're absolutely right, we will deal with the political side as well.
Agreed and good call on the gold correction. There is a correction and now gold is oversold as i write this. This next upleg could be dramatic. Dow is below 7000 , Major support break.
Look you always buy gold as long as it returns a posative or very shallow negative vs its over all life worth per 100 year block. Also it is not the way it is bud. I have real news for you....Real change is comming...I can smell it already.
Way to early to say that. I will capitulate if gold gets over it's all time high, and never breaks down blow 900 I will call a buy. And actually be buying.
YOU are right,cramer said 10 months ago $1500-$1800 gold and its been pretty much dead since,ONCE again he said buy at the top.HOW is that shld he said buy buy buy at $179, OMG
would be interesting if the politicians decided to collectively devalue their currencies relative to gold.
Then all debts would be substantially reduced.
So for example 5000 dollar for one ounce, debt level is 1/5 th of what it was before. And we are rich and smoking Havannas. And the currencies remain their value relative to one other.
There's almost no gold and almost no silver anywhere to be found. Anyone who can get some at ANY price is extremely lucky. You can't even get an ounce of silver on eBay for under $30 US anymore.
But the price is supposedly going DOWN? Give me a break. There's almost none left and we're using it up like wildfire.
Smells like $30 a barrel oil when there's no more to drill for and we're burning it faster than ever. Manipulation.
Silverinator, thanks for the offer but unless it's really cheap, I'm saving up for the buy signal which could happen as early as next week. I'm aware that the spot price could drop again, and I'm going to buy when it does. Physical silver is very hard to find locally or online, even compared to a month ago. I'm not interested in paper "silver", just the real thing.
ok, ill buy 1000 ozes of silver. im looking for 10 ozers ...Whats your spread and what do you have in the 10 ozers?... I want bullion... Tulving is out of the 10 ozers I want but since you have silver to sell all day long lets make it happen...inbox your phone # and will start from there... I expect that you will do as well as tulving . If you want my business for more then 1 transaction you can beat his price. ok?..lets make it happen!
The U.S.A. will very soon default? the spending now reminds me of a stripper getting plastic surgery on credit before filing for bankruptcy. A last big spending spree before going bankrupt.
now dashxdr ("gold takedown") posted on youtube the reason for the recent drop in gold price. He got the info form Eric deCarbonnel from Marketskeptics. Really interesting publications on that marketskeptics webpage.
I'd like to ask DaVinci and anyone else out there their opinion on buying silver shots. Little balls of silver bullion about a few millimetries across. My dealer in Japan said it is best to cash them in at the dealer where you bought them as there are no brand markings on them and they're harder to verify their value or purity for anyone else but the original dealer. Does anyone else buy them out there and any thoughts would be appreciated. Thanks
andrewebisu, I own everything but shot...I have been thinking about it due to inflation on the rise and the lower spread. In bad times it would easier to make small purchases.. Silver is silver... In times to came it won't make a diffrence if its JM or Engl...Its all Silver..I'm sure davincij will have more insight then myself. ...
verification that it is pure silver. They will assay it. I have a few comex bars that I swing trade with and this is what they do. If its silver there won't be a problem... If fact, you've got me wanting to make my first buy of silver shot... I hope I'm clear enough?.My writting is really bad, sorryu!
Yeah am thinking about silver shots but they only have 1kg bags of them in Japan and I have no mo money for metals for the next week or so. Gotta sit tight and wait. Thanks again for your thoughts
Just to clear your mind call a few dealers and ask them how this is done.. Kitco is great for selling to. Maybe give them a call but don't buy from them, IMO.
Just seen Prices for Kruggerands selling @ £750, £850,£900
Some people have almost doubled thier money in a shortspace of time on the kruggers, dont be too concerned about the short term volatility in the gold market
Get your cash together and be ready to buy silver when we get the buy signal. VV's latest video on silver is great btw. And so is this one definitely. Thanks!
what about the government now admiting they are leasing out our reserves...and now evidence that fort knox preparing for an influx of gold? will either of these event drive up the price?
Well gold leasing is as exactly as it sounds. Like you can lease a car where the car does not belong to you but you use it gold leasing works the same way. The difference is you can sell the gold after you lease it. Once your lease is up you can renew or return the gold or default and pay the dollar value.
Can you upload more of these?? You should definitely upload some more videos if you can because these are the kinds of videos that keep me sane during a 5 hour lecture in class.
Seriously though, you can try to call the market and if you are lucky you will profit. I think I will just hang on to mine for the long run. I KNOW an oz. will be worth a fortune in 2 years or so. Great advice as always Davincij15. 5 stars
Wake up people, who owns 95% of all gold? Banks, who doesn't want the price to go up like crazy? Banks, Why? Because it demonstrates a lack of confidence in fiat currency. The gold price will go wherever the banks want it too, period. Silver is a far superior metal to gold, Silver will be used no matter what the banks want the price to do.
Not exactly. It's more like only 25% of all gold above ground as far as I can tell from what I've read. The rest is in private hands, but much of it is not in monetary form. That's the difference.
The banks do try to keep the price down, but it's also true that gold is a significant portion of their reserves for most of them. They hold it for the same reasons we do. They don't trust fiat money either - ultimately, at least. : )
Of verifiable bullion, registered bullion bars, you better check your math again. Not sure what your sources are but most of the verifiable bullion is held by either the IMF or World Banks. They are in the business of creating fiat not gold. The bulk of the remainder of bullion is held by shareholders of the banks themselves , if you don't think their interests are aligned you are mistaken.
I got my info from GATA and other gold-oriented sources on the web. Where do you get your info that the banks hold 95% of all gold?
Verifiable bullion? Hey, let me know when you verify how much gold is in Fort Knox or at the NY Fed. Apparently no one is allowed to verify that!
Whatever they have acts as reserves. If they are forced to monetize gold, it'll help back currency. If they sell more, we can buy more. If they keep it locked up forever, what use is it to them and why do we care?
The total float of gold is about 120m oz. (all 1oz and smaller gold coins + gold etfs + comex 100 oz bars) Bank reserves are estimated at 102m oz, in ground reserves are estimated at 1.38billion oz (controlled by banks, think deep deep storage) Total control of gold as a percentage 92%. Banks have already cornered the gold market and will always set its price. Buying gold is like trying to kill a snake with its own venom.
the spot price for Gold does not matter if you can find a kruggerand to buy it will be £700 to £800 uk regardless of what happens on comex, what the central banks do or what the IMF has to say, the owners of the kruggers are not letting them go and if you can find one BUY IT!! whatever gold you can find buy it
could be there is some group of financial advisors that advices people to sell their gold, so then the price drops.
Then they will grab that gold for a cheaper price.
That is also smart because those advisers know the real goldbugs keep on to their gold in the next upward wave, so their investments will also become better.
could be, I see what you are saying and I will be with them waiting for the unwise to start offloading, I honestly believe the plan of the elite is to get you to doubt the power of Gold and lose confidence check out GATA
buy gold at any price if you are an investor. The gold just does not weaken. Plus, im told its essential in technology devices so there you go..... Gold first and Silver second bu go agriculture ETF's on a brokerage before any of those because the metals in the earth will not be as scarce as the food in 10-20 years.
bpagan32 7 months ago
Great video, I like to talk about Silver and Gold on my youtube channel as well.
Fitrade 10 months ago
This has been flagged as spam show
why don't you just fuck off. You don't know what you are saying!
BatusaiJack 11 months ago
gold has never gone down one year in the past 19 years... Every "pick' of Cramers have been losers??? LOOK AGAIN his success rate for predicting stocks is over 90%!!! Your information is false and no one should listen to you!!!!
rojm 1 year ago
@rojm
Please watch the video and read the title before commenting I'm a gold and silver bug and been buying. The video was a short term warning so look at the date I made the call and then look at the charts then apologize.
davincij15 1 year ago
@davincij15 i looked at the date to be sure you idiot. Look at the charts and get your facts straight bub. And all the articles you posted where extremely bias or not there. SORRY to hear your a failed investor
rojm 1 year ago
@rojm
Then I don't know what to think. I mean buying gold at 900 instead of 1000 was makes me a failed investor because it's at $1400 today. I suppose I am a dumb ass investor for buying silver at $8 in 2008 now that it's $34.
I'm sorry but I don't know what to think about your comments calling me a failed investor other than the fact that I am not an investor so I don't mind failing.
davincij15 1 year ago
GOLD is going Crash.
Look at the Oil and Dow + China patten!
Gold doing the samething.
davidlee110 1 year ago
I think gold hit its peak $1400 bad thing is im usually right.
kiasoul10 1 year ago
@kiasoul10
Gold is still cheap it should top out at a minimum of $5000.
davincij15 1 year ago
Gold does not have a top at this point in time. 11/5/2010. Store food as well. There is no reason not to buy gold and storable food right now.
MonkZ2012 1 year ago
This has been flagged as spam show
well since gold is $1350 oz now either choice would of been great.
jiujitsudad420 1 year ago
well since gold is $1350 oz now either choice would of been great.
jiujitsudad420 1 year ago 2
@jiujitsudad420
$100 at that time is worth less today thus if you saved $100 by buying gold at $900 you earned $110.
davincij15 1 year ago
LOL....
barmstrong25 1 year ago
@barmstrong25
You are laughing at me because I purchased gold at 900 and lower in 2009? OK but some how I feel like the one who is laughing all the way to the bank.
davincij15 1 year ago
One thing that I learned while in a foxhole in Nam was to always check the direction of the wind before farting.
MrPainGain 1 year ago
you buy and sell gold like a day trader? I don't think Peter Schiff does that. You should start your own trading company.
deanandsha 1 year ago
how much do you have to be wrong before you shut up?
deanandsha 1 year ago
@deanandsha
Pull out a chart check the date and time then see what price was gold on Feb 25, 2009 then check what it was one month after and tell me if I was wrong to wait for $900 and lower to buy.
davincij15 1 year ago
The physical ownership of gold is a safe haven and a great hedge against the failing US dollar.
MrPainGain 1 year ago
I know who Kramer (from TV) appears to be. He appears to be merely an idiot reading from Teleprompters, screaming, and basically making lots of distracting and immature noises. Kramer is more about entertaining than he is about investing. But, who is this guy (davincij15)? What are his credentials?
MrPainGain 1 year ago
@MrPainGain
I have none, except I'm an average guy working an average job earning an above average salary trying to save money for an old man I need to take care of 30 years from now. That old man does not want to be a burden on his family or friends, and that old man is ME.
Am I correct in assuming gold will allow me to live well in retirement? I only have 6000 years of history to back me up on that so you tell me if I'm correct.
davincij15 1 year ago
@davincij15 - PART 1 OF 2: I agree, the possession of gold (and silver) is probably the best asset to hold during these uncertain and uncharted times. I too have purchased gold and silver. However, as you know, there are risks:
1) Price manipulation - it‘s very possible that the US Treasury and the IMF (and others) are keeping gold prices down using gold swaps.
2) Gold confiscation (as FDR did in 1933) can occur again.
3) Setting a fixed price on gold, as was the case prior to 1971.
MrPainGain 1 year ago
@davincij15
PART 2 OF 2: I don’t believe you’re just “an average guy” and based on your comments on this site, you sound more like an intelligent and well-read individual. Your objective - to not be dependent on someone else when you reach the “golden” years - is highly commendable. I feel the same way. Good luck and good hunting.
MrPainGain 1 year ago
@MrPainGain
The same problems apply to all assets.
1) Manipulaition - up or down
2) Confiscation via taxes
3) Price fixing.
davincij15 1 year ago
@davincij15
So, what’s your point? That life is rigged and unfair? Maybe it is, so what are you going to do about it? How about this, since you believe “all assets are…” - I suggest you own no assets - spend all your earnings on beer and women and die a happy man with your belly full and your sexual needs satisfied. As for me, I play the game and try to outsmart the gamer.
Good luck with your life (and I realy mean that).
MrPainGain 1 year ago
@MrPainGain
My point exactly, and I feel it is easier to "outsmart" the gamer with physical gold and silver because it's small, portable and difficult to track.
davincij15 1 year ago
@davincij15
I do the same and I don't mind paying the small premium for the one-ounce pieces but it sure is painful paying the higher premium for the 1/10-ounce pieces. I believe price of gold should be the same regardless of the size of the gold bullion but the wholesale and retail (goldsnake) sellers are gaming the system to make a larger profit margin on smaller coin denominations. Oh well, when playing in their backyard one has to play by their rules.
MrPainGain 1 year ago
lol....
TheTrueJBV3737 1 year ago
@TheTrueJBV3737
What are you laughing at I purchased gold at $850 in 2009 so I'm the one laughing.
davincij15 1 year ago
@davincij15
lol at correction on gold, you think its going to go down no? HA
You don't even know that gold doesn't go up or down, its the dollar that goes up or down, when gold goes up, the buying power of the dollar goes down, thats all that happens. And the dollar is only worth what its printed on... Or at least it will be.
TheTrueJBV3737 1 year ago
@TheTrueJBV3737
You are preaching to a pastor here, I know all that and I videos are about that. We get paid in dollars every single one of us soooo that means we need maximize the oz of gold we get with those dollars. ;) Got it?
davincij15 1 year ago
@davincij15 thing is gold will not go down at all unless USA really does create the Amero to temporally strengthen the currency, but you only get 10 cents on the dollar for Ameros with the same buying power as you have right now, therefore, the price of gold per ounce to dollar, I say will be infinite by 1 year, you need infinite dollars to buy 1 ounce, it will be that way soon watch. it will not go down much at all, it will simply gradually increase as the dollar becomes toilet paper.
TheTrueJBV3737 1 year ago
@TheTrueJBV3737 You are only partially right. The price of gold is affected by two factors, not just one: (1) the value of the US dollar and (2) the prevalent buying/selling of gold. Check the spot price of gold against the dollar the past three weeks or so and you will see that sometimes the gold spot price goes in the same direction as the value of the dollar rather than going in the opposite direction.
MrPainGain 1 year ago
@MrPainGain your missing a few more factors that may change the price of gold later on:
1. Only 1-3% of gold is actually real, fake certificates are being sold from the banks which do not actually back any real gold, aswell as "gold pool" scheme from the banks.
2. 75-85% of real physical gold is owned by a few 'richest' people.
3. Dollar is not backed by gold at all any longer, or anything because of Nixon
4. Because of everything above, market is fixed directly or indirectly. Do the math.
TheTrueJBV3737 1 year ago
@TheTrueJBV3737
When I said “the prevalent buying/selling of gold” that included the actual physical selling/buying of gold AND equity trading of gold (gold stocks and ETFs).
As far as the dollars being off the gold standard – I don’t understand the relevance of that to what I said. In fact, I am very familiar with the 1913 Federal Reserve Act, the 1944 Bretton Woods Act and the subsequent “Nixon Shock,” all three factors having an effect on the dollar becoming fiat currency.
MrPainGain 1 year ago
The Eternal Triangle of Life: Permission--Prohibition--Autonomy.
buzzclick500 1 year ago
The price of gold is going to drop to less than 100 dollars a troy ounce. Either I have no idea what I'm talking about or I'm right on target. YOU get to decide. It's not costing ME anything. When it happens, I don't want to hear any complaining. If you want to drive around with the "check engine" light on, that's YOUR issue.
buzzclick500 1 year ago
@buzzclick500
LOL
You do know that all paper money go to ZERO. The check engine light is turned on for the dollar not gold. lol :)
But hey each his own if you want to take arsenic and call it food go right ahead. Life is filled with absolutes, small amounts of poison every day will kill you and paper money will eventually destroy you, financially.
davincij15 1 year ago
@davincij15 : In the world of money, gold is the absolute. We're very close to what Germany went through in 1923, and since we didn't learn from their experience, we are compelled to repeat it here in America. Our "Weimar Republic" will dissolve like a salted slug.
buzzclick500 1 year ago
Ur a bloody fool, the us dollar is losing value and inflation is devaluing the worlds money . When paper currency declines in value then solid assets like gold will skyrocket .Paper currency is backed by confidence and speculation, gold is backed by basically just gold
hanvo216 1 year ago
@hanvo216
Check the date and you will see it was the right call long term I picked up gold at 850 that year.
davincij15 1 year ago
@davincij15 : Without having the slightest idea that the price was grossly inflated, even then. Any gold publicly advertised for sale as of 1980 is stolen property, acquired unlawfully by its present holders. What goes up, must come down.
buzzclick500 1 year ago
@buzzclick500
google the following words and find the article and read it..
"Today's modern 'tulip-holders' are being given an opportunity which was not available to the deluded Dutch: they are being given a chance to exchange their 'tulips' for gold, before those 'tulips' collapse to their real value. Do not waste this precious opportunity!"
davincij15 1 year ago
@buzzclick500
let's pretend that there is still some underlying value to the U.S dollar, and let's return to our comparison of the U.S. dollar with the shares of a corporation. If you were the shareholder of a corporation, and management announced that they were going to issue trillions of new shares to finance operations this year, and trillions of new shares to finance operations next year, and trillions of new shares to finance operations the year after that (and so on), then...
davincij15 1 year ago
@davincij15 : Now, you're talking, and then somewhere in the interim, the corporation gets zapped big-time, from some previously unthought-of source--something outside government's power to bail them out. I'd be glad I hadn't invested much. ;]
buzzclick500 1 year ago
@davincij15 : Our dollar does have some "safety valves" built into it. Not to get too far afield, but an allegorial representation of this takes place in the film, "The 39 Steps" "Time-outs" can be declared in certain quarters by certain people for only the most serious and important of reasons.
buzzclick500 1 year ago
@buzzclick500
(unless you're one of the deluded chumps holding shares of Citigroup), merely the intent to print-up all those new shares would cause you to instantly dump every share you owned knowing that dilution would take the value of those shares down to only a small fraction of their value.
davincij15 1 year ago
@davincij15 : I don't deal with Jewish banks because I can see clearly what's going to happen, as it did in Germany. Something good and something huge is happening.
buzzclick500 1 year ago
you fool-do you know the money i lost listening to you-gold is 1100 oz
you bastard-lol
killersperm 1 year ago
Did you realize I purchased gold at $850 2 months later in 2009!
davincij15 1 year ago
well i seen your vid just recent and lost a fortune,lol,hey sell me something cheap
killersperm 1 year ago
This has been flagged as spam show
goldpartying com is the biggest and best. We will handle all your gold party needs. We pay 10% to the hostess, and give $50.00 for food allowance. Check us out before you schedule with anyone else. 1-877-528-9465
keysgt 1 year ago
ya you could be right, still people don't
know when to sell they think it will go up
forever and be stuck or lose in the end,
as sure as the sun rises gold will fall.
remember this is not the 1930's.
golfdu222 2 years ago
Look I have done the research studied trends understand how our paper money works.
Right now walk into a mall and ask people where do they buy their gold bullion investments?
I think you know the result of such poll.
Right no only smart money is going into gold, central banks and the top 1%. After phase two of an asset rise phase 3 is the public joining the rush and who the smart money sells to.
Good luck.
davincij15 2 years ago
nope totally disagree, all the sheep are
heading for gold 1400 ain't gonna happen. The sell off will hit around 1250.
Way too many sheep on the gold train.
golfdu222 2 years ago
I say 1400 by March 2010 with a pull back to 1200 or 1100 some time before august 2010, OR a nonstop run to 2000 before a collapse to 1250.
Go to the mall and ask people where are they buying gold.
davincij15 2 years ago
your crazy to buy gold.
Your right a correction is comming.
all the sheep are buying gold, and your
right we do not live in uncontrolled markets. eg. all gas station raise price at
the same time.
golfdu222 2 years ago
I already own it. Gold is now 1180 and at this level its a good by for a short term trade where you sell at $1400.
Long term you should just buy.
davincij15 2 years ago
hey man i want to buy a gram of gold r 10 grams but is gold away gonna be better then silver
TheAudiorub 2 years ago
hey mate, stumbed across this vid - turned out to be a great call!
stellaconcepts 2 years ago
Thanks.
davincij15 2 years ago
hi
golds now at $1056, where do u see it from here?
ive read some reports it might retrace back to 750-850 level as the economy improves, what do u think?
where do u see gold heading too?
thanks
beswick1111 2 years ago
I can confidently say that gold will never see the below $1000. If I was in the stock market I would sell gold "puts" at $1000 and make money. I am 100% confident of that, but I am not in it to make money I am in gold to preserve my wealth so if it went back to 750 it would mean that the US gov became responsible again and let everyone fail. In that case you would lose dollars stored in the bank as that's the issue. There are tooooo many dollars.
davincij15 2 years ago
If you think that letting big banks fail will not affect you (unless you have the paper money at home) you are fooling your self.
Gold IS MONEY, and the point of money is to preserve wealth not to increase it. If you want to increase your wealth then do not buy gold.
Go invest in a business that produces a real good that people want and pays a dividend. That increase wealth.
Where gold goes in priced in dollars does not concern me, it's MONEY.
davincij15 2 years ago
silver is a better buy than gold right now it will outperform gold percentage wise
ForTehNguyen 2 years ago
$900 is way too high.
Start buying a little around $700, whether that's in 2-3 months or 2-3 years. Hyperinflation aint likely.
cadfael55 2 years ago
Based on what?
Last time I check the laws of physics are the same in America as they are in Zimbabwe. You throw a ball up it comes down you print money to pay your debts...
Well you do the rest.
davincij15 2 years ago
dang you were spot on its at 887 right now according to the site im looking at
stickrpg23 2 years ago
Gee! I was going to go buy my first gold coin tomorrow morning.
Pnkbong 2 years ago
That was when it was $1000
buy gold now dude.
davincij15 2 years ago
Your live in Canada? I wish I lived in Canada. Amirica is in for a ruff ride.
Pnkbong 2 years ago
Mark Carny is from Goldman Sucks.
We are screwed because we will not be the first ones out of the dollar.
davincij15 2 years ago
learn how to spell.
XDillonsworldX 2 years ago
1500 an ounce by the end of the year. If gold drops back down to 400 an ounce, which it won't, the demand for gold will go straight to Mars.... Inflation will happen it always does, especially with all the government spending. Who do you think is going to have to pay the debt...?
Marmota89 2 years ago
Agreed on the gold resetting itself, as well as the silver. Based on just history alone, we're headed for one hell of an inflation period. Germany ring a bell? I've purchased a few gold coins and some silver. I've also purchased Half Dollar Walkers sheerly for barter purposes. I don't think having any precious metals, at this point, is a bad thing for future security. Have a look at this false sense of security right now as you see the market go back up. I also like that RP banner in the back.
chop98 2 years ago
That was a good call, there was a lot of hysteria at that point. I think that the market was at bottom when this video was made. I am starting to buy again. Maybe in a week or so.
dellamalo 2 years ago
Yes I am buying right now and all the way down from here.
davincij15 2 years ago
Today it seems like a good price. Where do you buy gold again? Actual gold?
lostinseganet 2 years ago
gold is always valuable, you will never lose money on it, unless your an idiot. so to say not to buy is dumb.
chiodo2133 2 years ago
I said not YET at that point it was at $1000 do you thinking it was bad advice now that it's 10% lower?
davincij15 2 years ago
Cramer is a disinformation agent, whatever he says, do the opposite.
krist300 2 years ago
I agree, Crammer is a disinformation agent. Well said.
naccibobacci 2 years ago
buy gold now. there is a buy signal!!!
Mongodelight 2 years ago
agreed, it may be a trap for margin buyers
davincij15 2 years ago
this guy said your to sell your gold ! lol ya you do that, lol when you do i'll be there to buy what your selling for the trip up hell. so do what he said i'll buy at that low price your selling . the thing to do is hold on your gold/ silver , it will reset itself. as the dollar falls, its the reset that you have to look for . people like him selling, you got be the one buying, gold it has made the test of time.,all ways will. over gold / silvers a damm good buy right now !
G/L
dadhadit 2 years ago
Never said sell your gold unless you need the money.
Gold is now a buy below 910 and lower.
davincij15 2 years ago
if you cant afford gold then grab silver and just hold onto it. silver is set to really shoot up in the next few years.
nerdlymike 2 years ago
when is a good time to buy gold?
how much are coins?
tylercj 2 years ago
Sorry I should have said buy when it's blow $900 now it's a screaming buy at 950.
davincij15 2 years ago
ok cool
so how much do the coins go for, do u know?
tylercj 2 years ago
I read a report today saying that a UN Delegation will next week recommend that the Dollar NOT be the Worlds reserve currency. They will recommend a basket of currencies to take over the role of the Worlds Reserve Currency. This will be Disastrous for the U.S. Dollar. Gold will shoot up with this news in my opinion.
Crow4gold 2 years ago
I appreciate your open minded analysis and it is brave to go against the conventional belief like this. I had a general sense of the same thing for the last couple weeks - almost thought of shorting gold. Hard to say for shure what will happen though IMO - whether short term fundamentals will drag the price down or enough people will wake up to the reality of future inflation and the price will continue to climb.
lorax2013 2 years ago
Burying silver is very simple. Coinage rounds need to be stored as resistant to moisture and atmosphere as possible. Take a trick from the food survivalists and store the silver in plastic tubes, inside mylar bags, toss in an o2 eater (pill), heat seal mylar, and bury at least 24-36 inches. Remember, most good metal detectors may be able to detect that large of a quantity. Some, ahem, friends, have buried deposits under concrete pads or have strewn alum. cans just under the surface.
joesphx19 3 years ago
looks like gold is going up today a bit.. where are you thinking of getting those 1/10 ounce gold coins?.. Im curious because im also a canadian and Im having trouble getting them "unless I want to buy A LOT of them"
LPU4LIFE7 3 years ago
Pretty spot on at your timing.
Gold is in a long term uptrend, but its currently falling (for at least a month)
Gold and stock indexes seem to have been going in opposite directions for quite a while (gold up = stocks down, gold down = stocks up).
As stocks just started another rally and gold is falling, I'd hold off until you see another reversal (stocks down, gold up)
shockadelicaustralia 3 years ago
not to mention auto loans, credit cards, personal loans , store cards, student loans etc multiply all those repayments by at least 4/5 times.
thats not including all the enforced liquidations through bankruptcies of which there will be 10's of millions , 100's of millions worldwide. Think about it where is all this money going to come from ???
NorskTrader 3 years ago
NorskTrader: I know you don't get it like many people however if you are willing to do some research you will see that private portable assets are the only thing that people should save.
davincij15 3 years ago
No its clear you don't get it. Gold isn't going to the moon, we aren't going to have hyper inflation and your not going to be filthy rich in 5 years time. and when gold drops to 400/500 in the next couple of years you'll be the first one shouting 'conspiracy' because the market hasn't reacted the way you think it should. id really stop listening to peter schiff, but its clear to me you're relatively new to trading, i can tell by the way you've 'got married to your investment.'
NorskTrader 3 years ago
Gold and silver is going a lot lower than that. Possibly zero as no one will sell it for dollars.
Ask your self this why do you own dollars?
Is it because you like statements with a lot of zeros or paper with numbers and pictures of people who's own writings agree that gold and silver is money and would go to war against the US government if they were alive today?
No, you own dollars for the things it will buy. Notice the key word there "things"? Virtual money can and will be created.
davincij15 3 years ago
Most people are thinking that Treasury collapse is going send gold to the moon. i don't agree, i think it will be the other way round.
The way i see it treasury collapse will effect huge liquidation in all assets including gold.
When treasuries collapse in the next couple of years interest rates will go through the roof
one example, quadruple your mortgage repayment or more.
Where is everyone going to get the money from to keep their house??
NorskTrader 3 years ago
Paper money is just a marker number for peoples perception of value. The paper it's self has no value. Real things have value such as gold and silver. If you look at the federal reserve data the money supply was just growing exponentially then doubled in September.
There is currently 6 trillion dollars outside of the USA. What are those people going to buy with that from America? Houses? lol
davincij15 3 years ago
Oh BTW: you will be right gold will go down on the COMEX as it's just a paper promise of gold and not gold. Once people figure out that ponzi it will collapse the price.
Physical price will be much much higher.
davincij15 3 years ago
interesting how silver has'nt made a double top like gold, thats another bearish signal to the collection.
NorskTrader 3 years ago
Gold is going back up while the DOW is self destructing. Gold down less then 7% from its highs, while the DOW is down more than 55%. Gold pwns DOW.
smasila 3 years ago
i sold all my gold positions when cramer kept pushing it everyday (great contrary indicator) and the rest im holding in physical.he also pumped tanker stocks and shippers at their all time high.he is talking about dollar stores stocks now so be careful with those too,)
marcosxag 3 years ago
Gold has a buy signal but not as much as silver, on the charts. But keep in mind it's only right 60% of the time.
davincij15 3 years ago
yeah only buy physical gold , paper gold is worthless
canadamonster 3 years ago
looks like you were right, gold closed under $940 yesterday and took a huge dive today.
rd5425 3 years ago
Now I am 2 for 5 on all my calls. lol :) Crammer seals the deal. We need to watch the manipulators and not what the public is doing.
davincij15 3 years ago
Very insightful, and I love the sign in the back, looking at mine right now. You're a realist, I like it. "We don't have free markets, deal with it." You're absolutely right, we will deal with the political side as well.
BATCH420 3 years ago
Agreed and good call on the gold correction. There is a correction and now gold is oversold as i write this. This next upleg could be dramatic. Dow is below 7000 , Major support break.
ehrenk1 3 years ago
The charts are mostly showing further downside bias. But they are only right 60% of the time.
davincij15 3 years ago
It looks like you were right. Gold prices are steadily declining. Anything Jim Cramer says do the opposite...hehe
jasontanis 3 years ago
Look you always buy gold as long as it returns a posative or very shallow negative vs its over all life worth per 100 year block. Also it is not the way it is bud. I have real news for you....Real change is comming...I can smell it already.
Edgrot 3 years ago
sorry but your off again.
porsche928onfire 3 years ago
Way to early to say that. I will capitulate if gold gets over it's all time high, and never breaks down blow 900 I will call a buy. And actually be buying.
davincij15 3 years ago
Don'r wait to buy gold. Buy Gold and wait.
rkbbbbell 3 years ago
or they just print a new global currency.
And type that numbers inside computers.
dontblamethemessenge 3 years ago 2
YOU are right,cramer said 10 months ago $1500-$1800 gold and its been pretty much dead since,ONCE again he said buy at the top.HOW is that shld he said buy buy buy at $179, OMG
buyystocks 3 years ago
that debt reduction would occur because central banks do hold gold.
dontblamethemessenge 3 years ago
would be interesting if the politicians decided to collectively devalue their currencies relative to gold.
Then all debts would be substantially reduced.
So for example 5000 dollar for one ounce, debt level is 1/5 th of what it was before. And we are rich and smoking Havannas. And the currencies remain their value relative to one other.
dontblamethemessenge 3 years ago
I wonder if this is now happening behind close doors?
gete0 3 years ago
watch?v=NtQyiqnWq30
Rothschild's $500 trillion makes Bill Gates and Warren Buffet's mere $50 billion look like loose change.---- It's a ratio of 10,000 times!
Brainman94 3 years ago
There's almost no gold and almost no silver anywhere to be found. Anyone who can get some at ANY price is extremely lucky. You can't even get an ounce of silver on eBay for under $30 US anymore.
But the price is supposedly going DOWN? Give me a break. There's almost none left and we're using it up like wildfire.
Smells like $30 a barrel oil when there's no more to drill for and we're burning it faster than ever. Manipulation.
BUY SILVER IF YOU CAN FIND IT!
drutter 3 years ago
I'll sell you gold and silver all day. Stop the gold fever and hit me up if you really want to buy.
Silverinator 3 years ago
Silverinator, thanks for the offer but unless it's really cheap, I'm saving up for the buy signal which could happen as early as next week. I'm aware that the spot price could drop again, and I'm going to buy when it does. Physical silver is very hard to find locally or online, even compared to a month ago. I'm not interested in paper "silver", just the real thing.
drutter 3 years ago
Tulving is the best place to buy silver...thats if you want to buy poor mans bulk, ie, 500 hundred ozes or more of silver
gete0 3 years ago
ok, ill buy 1000 ozes of silver. im looking for 10 ozers ...Whats your spread and what do you have in the 10 ozers?... I want bullion... Tulving is out of the 10 ozers I want but since you have silver to sell all day long lets make it happen...inbox your phone # and will start from there... I expect that you will do as well as tulving . If you want my business for more then 1 transaction you can beat his price. ok?..lets make it happen!
gete0 3 years ago
buy 100oz bars
buyystocks 3 years ago
The U.S.A. will very soon default? the spending now reminds me of a stripper getting plastic surgery on credit before filing for bankruptcy. A last big spending spree before going bankrupt.
tonapah141 3 years ago
Very informative. Diggin the ron paul poster in the background :)
apexprofessionalsllc 3 years ago
i just hope those banks keep on selling gold.
dontblamethemessenge 3 years ago
i meant hope they stop selling gold.
dontblamethemessenge 3 years ago
Long term investment against US monetary policy. Gold for long term and silver price will be too the moon !!! Picked up another 200 oz today.
formulaprimer 3 years ago
what do u think of gold shares? it still got stunned 50% value of what it used to be March 08.
glassbuddha 3 years ago
So.. you're saying I should buy goid, I mean, seeing as how you've been wrong 4/5 times.
sanluispuggle 3 years ago 2
Yes but consider this, Crammer has been wrong 90% of the time and he has been doing this for years. :)
I started a year ago.
davincij15 3 years ago
now dashxdr ("gold takedown") posted on youtube the reason for the recent drop in gold price. He got the info form Eric deCarbonnel from Marketskeptics. Really interesting publications on that marketskeptics webpage.
So no worry.
dontblamethemessenge 3 years ago
somehow it is funny.
Everything, 100% what Jim Cramers says is wrong.
It is just unbelievable.
Just listen to Cramer, and do the opposite. I think it is a big quality.
Everything he says is wrong, and if yout do exactly the opposite, you are the winner. Incredible.
I guess i am going to watch that guy everyday and do the opposite.
dontblamethemessenge 3 years ago
I'd like to ask DaVinci and anyone else out there their opinion on buying silver shots. Little balls of silver bullion about a few millimetries across. My dealer in Japan said it is best to cash them in at the dealer where you bought them as there are no brand markings on them and they're harder to verify their value or purity for anyone else but the original dealer. Does anyone else buy them out there and any thoughts would be appreciated. Thanks
andrewebisu 3 years ago
andrewebisu, I own everything but shot...I have been thinking about it due to inflation on the rise and the lower spread. In bad times it would easier to make small purchases.. Silver is silver... In times to came it won't make a diffrence if its JM or Engl...Its all Silver..I'm sure davincij will have more insight then myself. ...
gete0 3 years ago
Thanks for your thoughts Gete0. I guess the verification that it is pure silver is the issue for me when cashing in or exchanging.
andrewebisu 3 years ago
verification that it is pure silver. They will assay it. I have a few comex bars that I swing trade with and this is what they do. If its silver there won't be a problem... If fact, you've got me wanting to make my first buy of silver shot... I hope I'm clear enough?.My writting is really bad, sorryu!
gete0 3 years ago
Yeah am thinking about silver shots but they only have 1kg bags of them in Japan and I have no mo money for metals for the next week or so. Gotta sit tight and wait. Thanks again for your thoughts
andrewebisu 3 years ago
Comment removed
gete0 3 years ago
This has been flagged as spam show
Just to clear your mind call a few dealers and ask them how this is done.. Kitco is great for selling to. Maybe give them a call but don't buy from them, IMO.
gete0 3 years ago
jim cramer is an idiot.
KhmerD0g 3 years ago
spot price for gold £665 UK £
Just seen Prices for Kruggerands selling @ £750, £850,£900
Some people have almost doubled thier money in a shortspace of time on the kruggers, dont be too concerned about the short term volatility in the gold market
Gold the ultimate store of wealth preservation
prepare2008 3 years ago
Get your cash together and be ready to buy silver when we get the buy signal. VV's latest video on silver is great btw. And so is this one definitely. Thanks!
drutter 3 years ago
Thanks for the honesty. good vid.
tinafiedler1 3 years ago
what about the government now admiting they are leasing out our reserves...and now evidence that fort knox preparing for an influx of gold? will either of these event drive up the price?
centervilletn 3 years ago
No, gold maybe coming back because gold leasing is to expensive and the leases are up the gold must be sent back.
davincij15 3 years ago
Davincij15:
What is gold leasing? Sounds crazy. Please explain.
Thanks
tinafiedler1 3 years ago
Well gold leasing is as exactly as it sounds. Like you can lease a car where the car does not belong to you but you use it gold leasing works the same way. The difference is you can sell the gold after you lease it. Once your lease is up you can renew or return the gold or default and pay the dollar value.
davincij15 3 years ago
Can you upload more of these?? You should definitely upload some more videos if you can because these are the kinds of videos that keep me sane during a 5 hour lecture in class.
chick5581 3 years ago
Kramer said to buy?
SELL SELL SELL!!!!!!
Seriously though, you can try to call the market and if you are lucky you will profit. I think I will just hang on to mine for the long run. I KNOW an oz. will be worth a fortune in 2 years or so. Great advice as always Davincij15. 5 stars
fishingthewatershed 3 years ago
When Jim recommends something ...It goes down in price...HE is is just a cheerleader for market manipulators..LOL
kryogenikz 3 years ago
Wake up people, who owns 95% of all gold? Banks, who doesn't want the price to go up like crazy? Banks, Why? Because it demonstrates a lack of confidence in fiat currency. The gold price will go wherever the banks want it too, period. Silver is a far superior metal to gold, Silver will be used no matter what the banks want the price to do.
thecomicsitedotcom 3 years ago
"who owns 95% of all gold? Banks"
Not exactly. It's more like only 25% of all gold above ground as far as I can tell from what I've read. The rest is in private hands, but much of it is not in monetary form. That's the difference.
The banks do try to keep the price down, but it's also true that gold is a significant portion of their reserves for most of them. They hold it for the same reasons we do. They don't trust fiat money either - ultimately, at least. : )
OgeronimonominoregO 3 years ago
Of verifiable bullion, registered bullion bars, you better check your math again. Not sure what your sources are but most of the verifiable bullion is held by either the IMF or World Banks. They are in the business of creating fiat not gold. The bulk of the remainder of bullion is held by shareholders of the banks themselves , if you don't think their interests are aligned you are mistaken.
thecomicsitedotcom 3 years ago
I got my info from GATA and other gold-oriented sources on the web. Where do you get your info that the banks hold 95% of all gold?
Verifiable bullion? Hey, let me know when you verify how much gold is in Fort Knox or at the NY Fed. Apparently no one is allowed to verify that!
Whatever they have acts as reserves. If they are forced to monetize gold, it'll help back currency. If they sell more, we can buy more. If they keep it locked up forever, what use is it to them and why do we care?
OgeronimonominoregO 3 years ago
The total float of gold is about 120m oz. (all 1oz and smaller gold coins + gold etfs + comex 100 oz bars) Bank reserves are estimated at 102m oz, in ground reserves are estimated at 1.38billion oz (controlled by banks, think deep deep storage) Total control of gold as a percentage 92%. Banks have already cornered the gold market and will always set its price. Buying gold is like trying to kill a snake with its own venom.
thecomicsitedotcom 3 years ago
the spot price for Gold does not matter if you can find a kruggerand to buy it will be £700 to £800 uk regardless of what happens on comex, what the central banks do or what the IMF has to say, the owners of the kruggers are not letting them go and if you can find one BUY IT!! whatever gold you can find buy it
prepare2008 3 years ago
could be there is some group of financial advisors that advices people to sell their gold, so then the price drops.
Then they will grab that gold for a cheaper price.
That is also smart because those advisers know the real goldbugs keep on to their gold in the next upward wave, so their investments will also become better.
dontblamethemessenge 3 years ago
could be, I see what you are saying and I will be with them waiting for the unwise to start offloading, I honestly believe the plan of the elite is to get you to doubt the power of Gold and lose confidence check out GATA
prepare2008 3 years ago
Jim Cramer is the most stupid trader i ever heard of.
Are there really alive people who follow his advice?
dontblamethemessenge 3 years ago
I bought mine when it was around $850 anyway so no biggie.
TadRapidly 3 years ago