Gold & Armageddon: Conclusion Part 1

[Celestiaetterra]

Finally someone who sees gold as what it is .. Yes, gold will work only on steady inflationary environment, not hyper inflationary environment. Remember, people, gold is a piece of metal - it's only good for making a hammer out of it .. oh wait strike that .. it will bend .. hmm .. btw he talks like a typical economist .. it's just the way they talk .. have you ever heard Greenspan or Bernanke speak? The points are there ... you just have to catch them. lol

[WhoIsCosy]

.....Still waiting for the point....Still....*goes to get a drink,comes back*....Still waiting for the point....

[frankzakzak]

You need to get to the poiny

MUCH faster

[CARNIVORECASKETCREW]

get to the point wtf

[summertimeloveful]

looks like ill have to give up eating if this country keeps going down the chute

[JP5466]

Don't only are you completely wrong, these vids are way too long, drawn out and boring... just state your beliefs and make your points - jeez. Should be only 2 minutes long, not 10 minutes.

[JP5466]

@JP5466 *Not only*

[krucifixhorrorcore]

gold is the next bubble

[JohnnyGasTank]

@krucifixhorrorcore yup, it's all a big joke

[pospisilpetr]

The price of something rises BECAUSE more people own it (or try to). More people owned a houses at 400K than at 200K.

If people couldnt afford to own it, the price would drop. It seems quite obvious and I'm not even arrogant.

[tickhound]

As a diversified investor who has been in and out, metal and tech, FAS and FAZ, long and short... This is the worst argument against gold I may have ever heard. A complete waste of my time. And yours too sad to say.

[ukulelectric]

no, people who can afford 10oz today will be able to own 1oz when it goes to 10,000

[arifkarim]

u are fucking bored

[myyootube]

Your too slow and boring to listen to!

Get your point across quicker and in a less monotone manner.

[January132005]

First, I haven't seen the other parts of this series, but I must ask now: so what is the alternative to gold if you don't like gold? Secondly, you say that as gold goes up even less people will own gold WRONG! PATENTLY WRONG! As gold goes up MORE people will own it, but in lesser amounts. That's the truth of the matter. No, few people will be able to afford 1 oz of gold then, but many can still afford a gram.

[yogiudo]

Nobody wants hyperinflation.

Least of all people who don't have gold.

[jfooj]

I don't think that a $45 gold round from Monarch Precious metals (or similar) is out of range for the average man...It is possible for mortals to own gold.

[jfooj]

($45 one gram gold round.)

[rollinglibs101]

Growby10

Is such a Financial Genius!!

I could not get by without his wisdom for us sheep.

When did he sell his gold again?..hmm

[charlesfuchs]

Sorry Growby, you been educated by the financial school system that brain washed you think abut t he other side in which many people are using the wrong data.... Sorry....

[limitedplay]

im sorry lol but gov'ts and central banks are buying gold. Second most of the people in here dont even know a rich person. I think there will be people buying gold @ 2500 bucks if it goes that high because the money supply will also grow. There will always be people buying gold if its up or down. Remember something 85% of the wealth is owned by 5% of the people. Niether myself nor you know what they are doing with there money.

[ewffaces7]

DONT CURSE, Growby10 !!!!

Don't you ever use the words GOD DAMNED anymore.

[wizardofounce]

Settle down, son.

[seadog92023]

Monkeyby10

Emphasis on attempt...now get back in your cage.

[opzoutenAUBnugraag]

but don't believe that people do not buy silver.

I don't know how many are in the Netherlands, but i know there is a shop very busy selling. Already a year ago (or maybe especially then when there were more direct economic stress). So many people maybe, but could be still a small percentage of population.

[opzoutenAUBnugraag]

the cash of the future might be something like gold and silver.

Because, the leaders of society want to go to a cashless society so they might remove the paper.

So one has to have something to use as money that is not in the system. So buckle up, start the truck and ride to Comex.

[MonteCristoRecords]

Very good Harry. 5 stars. This is not a place for recommendations. Simply a bold attempt to see the big picture.

James

[Growby10]

OMG! someone who appreciates my attempt to show a different point of view! thank you sir!

[veritasfiles]

@Growby10 - I appreciate the attempt, but as I've tried to explain in a civilized manner, it seems as if you're addressing a phantom. Who is really using Gold and gold alone as a strategy for collapse? That's moronic and I've never run into that. Now maybe I'm just naive and haven't been around enough, but I'm talked to literally thousands of people on this topic, and I have yet to run into a single person who was following such a nonsense strategy. That's why I keep asking who you're talkin 2?

[BiohazardDarknoob]

OMG!!! you are so right damn who will buy my silver when it reach 1000 per ounce no one they will be so poor

[ShillBasher]

Chop it into 1g bits and trade each gram for food etc'. Hold tight, PM's is all we have right now.

[overseachininadoll]

Drug dealers with plenty of cash are buying up all the gold. Beside they are the bunch of people who can't deposit their ill gotten gain cash anyway. So gold is for them.

[LOGICvsYTIDIOTS]

we need to talk more about silver then gold. at least alot more of us can afford silver. You are talking alot but not saying alot. My conclusion is the wealthy are going to gold, the poor and middle class going to silver. Both are great investments. THAT makes more sense then you are.

[foolcow1976]

So this is the great point he was building up to? Investing in gold is dangerous, because it might become too expensive to afford? What the hell does this even mean?

[limitedplay]

@foolcow1976 i think what hes saying is more like that if the time comes that you would actually NEED physical gold, you wouldnt even want it.

it will be hard to exchange gold for equal value in a bartor system first of all. Second, if you do have you best friend, sister, mother, brother aunt and uncle will all want to kill you for it.

Basically if you have it when it counts you cant let anyone you have it cause you will be dead 24 hours later

[foolcow1976]

@limitedplay If that's really what he's saying, he could have said precisely what you just said. It's clear, it's concise, and it doesn't take hours of nonsense.

I do find it interesting that he responds with personal insults to anyboy who disagrees with him, then calls us "close minded." And I thought I'd come across arrogant people before . . .

[vxv07]

As the Fed keep the interest ZERO, means that they are killing the value of dollar. that keeps the stock market going high as we see the DOW recovering. but the reality is that they want to get all investors into the market and than pull the trigger when the time is right for them, buy stock & hold is no longer option trade as the trend goes up&down and buy silver &gold for dark days.Nothing to trust in manipulated market.

[mindrapeart]

hopefully obama will abandon the current suicidal policy and put the entire system under bankruptcy protection.we ned to start over.

MINDRAPEART COM

[NeoConfucionist]

The Good: The advice is valid for people who buy gold to speculate (to sell it in the near future). People should first have a decent amount of liquidity in cash before buying gold, you should NOT buy gold with the money you'll be needing in the next months.

The Bad: The reasoning is flawed, in hyperinflation, people would certainly accept gold in payment for anything, cash would be shun in transactions. Gold is a currency, gold is commodity money.

[NeoConfucionist]

Agreeing with @GoldSilverPrice, if people cannot afford gold, then there are other alternatives: silver, food, euros, etc. The idea is not to be attached to a nominal value of a currency that probably will enter into great inflation, specially for retirement.

[jonald77]

There are 2 major investors who recently bought a massive amount of gold. One bought $8 billion worth, another bought $5 billion. They may be in the minority, but they do know something about wealth preservation.

[681observer]

i totally agree with goldsilverprices, and growby10...great vedios. i live in uk, and hardly anyone owns gold or silver(especialy silver). you really have to look to find places that even sell either in bar or coin format. i own gold,silver,copper, and canned food(ithnk canned tuna will be the real winner).i tell people, but they cant be bothered...crazy eh.on the 1 silver eagle, it says out of many, 1...i guess that us...lol..lol

[stellaconcepts]

i said i look forward to disagreeing with this vid - but i cant do that - because you've not actually said anything....

all i got from this is that gold isnt a good investment because no-one will be able to afford it? is that your reasoning?

You also said you dont want gold in hyperinflation? wtf? ask those in WWII germany if they wanted gold - ask those in Zimbabwe (who rely on gold to EAT) if they want gold.

Harry - you smoking the wacky stuff mate?

[1mealperday]

this is not making sense. i agree with davincy

you are way off in your logic. Your reasoning isnt!

[GoldSilverPrice]

Come on... take a moment and think!

Those who cannot afford gold will buy silver,

Those who cannot afford silver will buy copper,

Those who cannot afford copper will buy canned food.

The result is still the same.

People are getting out of fiat currency and into real assets.

[snakecharmer133]

Wrong!

1) You buy food since you will need to eat!

2) You will then buy silver since you need a consumtion commodity

3) lastly you will buy gold since gold is to "valuable" to be used for bartering. Using gold to barter/sell for food is not practical since you will get close to the whole store for one ounce today.

[arcanekrusader]

@snakecharmer133 Gold is malleable and can be divided down into small amounts easily. However, gold is predominantly owned by the elite (i suspect that the richest people, who don't even appear on the rich list, keep their wealth in gold) and can be very easily manipulated by them. We need the people to be in control, via a government answerable to them, of the issuance of a paper money system.