Investing in Gold the China Syndrome - Investment Tips www.spykermetals.com - Investing Tips

[bluegoose94]

could you help me. i am thinking of buying 5k in gold. i was planning on saving this for a down payment on a home next year. should i buy some gold and if so how do i sell it and if it goes down what would i do.

[GypsyHustle]

Thanks for sharing the info you are really well informed. I also like the dynamics for agriculture as demand for that is rising.

[jeffspyker]

The USA has 8900 metric tons of gold, or about $380billion. What is that, less than a penny per dollar out? Think - if our national debt alone is $14 trillion, how many dollars are outstanding? We have a little over $1k per person in gold, and over $525k per person in debt. Green backs are what were used as fiat currency to pay soldiers from the civil war, the term stuck and is a nickname still for the dollar - even though we went back to real money within 3 years.

[jeffspyker]

the us is the highest holder of gold - as REPORTED. most gold is bought and sold off market. Our government has been a seller of gold for 456 consecutive months - and not ONE ounce of gold has been added to Ft. Knox in that time. They ran out of silver ages ago. All to prop up the dollar - artificially.

[charlesfuchs]

I agree but if we go back to the Gold Standard, america will be destroyed like a third world country. Th USA don't own any gold so if we go back the Gold Standard, we'll be broke. THE IMF has about %70 of all the gold and china and india the rest so they will be the next power house.

We need to go back to the green backs and get rid of Fractional Reserve Banking. We also need a president like Andre Jackson with the ideas of Lincoln .. Just a thought.

[davfritz]

We are all in deep trouble... now send me some gold, and there will be one less person in deep trouble.

[pwilson80]

Those statements are retarded.

US is the highest holder of gold.

What the hell are green backs lol