GOLD : bubble trouble or ready to double ?

[singledad1234]

youtube new world order

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[kn9ioutom]

IN A HERBERT HOOVER ECONOMY GOLD IS KING !

[WHYITSUX]

I'm just wondering when to sell. I can guarantee that this bubble will burst. I know it as I know the sky is blue. It's worth as much as people put worth into it, the problem is it's just not that rare. Platinum is 10 times scarcer than gold with more industrial usage, and now gold has surpassed platinum. Platinum at the price it's at is a much better investment than gold.

[SovereignBeing]

@WHYITSUX why would it burst with everyone keen to buy in..??

[TWSceptic]

@WHYITSUX You're wrong, there is more platinum in de ground than there is gold. It's just that people are more interested in gold.

[Alexisme1001]

Naz- 70 oz. of gold per cubic mile of seawater is alot when considering how many cubic miles of ocean there is, and also, gold exists in varying levels all over the earth. When we figure out far more efficient ways to extract and refine it than we have now, the bubble will truly burst, but it's impossible to say when the next major advance will occur. The rate of technological advance has been accelerating though, so it's a guessing game.

[Alexisme1001]

Did some research on the very long term chart of gold. Turns out that gold has a terrible record over the last thousand years, due to new discoveries and advances in mining/refining technology. Buying power of gold way back then (and before) was $3,000-$5,000/oz.. Also,there are about 70 ounces of gold in every cubic mile of seawater & it exists varying levels throughout the Earth. If we figure out cheaper ways to extract it, expect a gold toy every box of Cracker Jacks.

[NazTheGreat]

@Alexisme1001 70 ounces is not a lot.

[rolojoker1]

Wow this dude nailed it on the fucking head.

[durhamdf]

(contd) a huge percentage of their savings, but they DEFINATELY will have done better investing that money wisely. But what is the Indian guy saying about countries going back to gold currency?!!?!? That is absolutely ridiculous. There is no way in hell that trillion dollar (GDP) economies can go back to the gold standard, there would be HUGE shortages

[durhamdf]

I mean it doesn't really matter what you call it, obviously the price of gold is inflating at many times the natural inflation rate...It doesn't matter what you call it, it is going to stabilize soon, as investor confidence picks back up and the big players start pulling their money out of gold in favor of more lucrative investments. And when they do, the individuals who put large portions of their money into Gold are going to lose money. Most probably won't lose (contd)

[davenetdog]

Haha Gold is not the bubble its a FIAT CURRENCY BUBBLE!

[buzzclick500]

The British Accredited Regency(B.A.R.)has no lawful standing in de jure American law. Something good and something huge is happening.

[buzzclick500]

Hieronymus Bosch painted a picture in the late 15th century of a dealer operating a shell game. As the bettor gazes intently at the table, the dealer's assistant is filching the bettor's coin purse from his clothing. An owl is perched on the dealer's shoulder. Wisdom, America. Wisdom.

[Seano71]

I have some silver, but I'm going to wait for the next crash before buying more when it gets really cheap. I'd also like to put some money into renewable energy companies.

[bweazel]

It's a bubble. You guys are suckers. Have fun wasting money on holding metal as opposed to using it on actual goods and services. Anyways, you all deserve what you get. Selfish asses.

[branman055]

It's selfish to protect yourself, wow, now I've heard everything now. I wouldn't put all of my savings capital in metals, only 35% because of the facts that are so blatant in your face. I have already profited tremendously from this whole bull market move and plan on profiting until the whole deal pops. This is what moves the world, trade and profits. Invest in some real physical silver, never in digital money or fake silver or gold, it will ALWAYS have value.

[buzzclick500]

@branman055 : Gold is the ultimate tangible asset, and this is not a good time to buy it; it's going to plummet. Something good and something huge is happening.

[curiouschem]

gold or silver are only bubbles if the prices fall fast(burst), but if the prices fall gradually, then it just a change in the market.

A lot of people are putting value into precious metals like they were with the housing market.

It is a reflection of how people are managing thier wealth. The people with digital dollars(liquid assets in a bank) are just investing in precious metals instead of real estate as before, because real estate values have fallen.

[Doenietmeermee]

6:20 that is how it works for me, democracy, and I refuse to vote with fiat :)

[curiouschem]

many people are afraid of reserve notes...very true

[bweazel]

many people don't know what a reserve note is.

[GoldSilver588]

The guy with the easten indian accent is quite good. Anyone knows his name by any change?

[sfcscotteb]

That would be Puru Saxena - one of the more level headed and accurate traders out there. He puts out a newsletter and can be subscribed to on his website - purusaxena . com

[GoldSilver588]

Thanks!

[bweazel]

He said it in the video, Puru Saxena.

[Casmige]

@GoldSilver588

=OoO=

Puru Saxena Wealth Management Cheers!! <("<)

[bakabusu4]

okay dont get me wrong i love gold and silver, but I HATE hearing the same reasons for why we should buy... for example ive heard 30times already that gold adjusted for inflation from 1980 should be 2000.....

Its good i hear it once, but i dont need to hear it 10times from different guys

[Saborsaoco]

Next Hot Commodity: Pitchforks, Shovles, Chain Balls and Torches.

[curiouschem]

food & guns

but, then it means complete chaos and in that case, martial law in the U.S. which means an unrest on the magnitude of 1877 railroad strike, or Shay's Rebellion, unions came in strong in the 1940's(I think)to correct for corporatism that has reappeared in the recent decades.

[buzzclick500]

@Saborsaoco : We're doing the quiet, discreet, lawful, firm and confident version of that.

[loveasia2much]

I think it's interesting that every time gold supporters speak about future prices that they always reference 1980. To point to a single point on a historic time line is ignorant. Why not look at the averages over the past four decades factoring in the U.S. going off of the gold standard as a basis for formulating future prices?

[buzzclick500]

@loveasia2much : In 1980, Switzerland acquired the majorityof gold bullion, making them the wealthiest nation on earth. Reader's Digest, 1980.

[orangedac]

@buzzclick500

India (people not govt) have the largest private hoard of gold.

Its more than any central bank in the world.

[buzzclick500]

@orangedac : It's a false front. Switerland acquired the bulk of the world's refined and stored bullion as of 1979-80. Rich people are not in the habit of dispensing important information casually to poor people; it requires serious, focused study to learn what's really going on. And a few rounds of the "whip" of poverty to drive the message home.

[orangedac]

@buzzclick500

I doubt it. India's private hoard today is estimated at over 18,000 tons. I don't know what it was in 1980. Even with all the nazi gold and stash desposited by tax evaders and bribe takers with swiss account, i doubt if switzerland today comes close to that amount.

[buzzclick500]

@orangedac : Shuhuh, you can doubt anything you want. The field is unlimited. ;]

[hiphopsocnroc]

This clip is a very insightful analysis of where gold is heading in the near future. Nice. Peace

[buzzclick500]

@hiphopsocnroc : Gold is going to drop dramatically.

[hiphopsocnroc]

@buzzclick500 We can agree to disagree.

[buzzclick500]

@hiphopsocnroc : "He who has the gold makes the rules." How he came into possession of that gold is a matter for curious, well-intentioned people to take a close look at. Yes. ;]

[CoinsFreedom]

Survivalist Mad Max SHTF mentality says Buy dehydrated food, water filtration and ammo first. Transfer extra dollars (if blessed) into physical gold and silver, not derriatives. If you believe we are just headed to a controlled devaluation of the dollar sprinkle in some mining shares for leverage. I like HLLX and MFN. Personally I say do all the above, starting with getting good with the Lord, then with living neccessities in lieu of pending hyper-inflation.

[bigc028282]

@CoinsFreedom If "you" can afford it, there are many programs and rebates that will virtually pay for all the green tech you can afford to pay for up front. Check out the gov programs, and the one's provided by, and through. your local utilities. If you can afford it, you can make them buy energy back. :)

[ewffaces7]

nice picture !

[bigc028282]

I keep wondering what I am going to do with it while the only thing anyone wants is food and ammo? I suppose I will wait until there is a constitutional currency, or a stabilized world "dollar" that "they" want anyway.

[captvanhalen]

You'll buy food and ammo with it.

[CoinsFreedom]

bigc028282...burry it... and if you survive you will be a rich man, I guess. For sure Noah felt like you. I know every time I go to the store I grab another sack of beans and rice and #4 for my 870. I am getting ready to do that dry ice trick. Looking for a cheap source of food storage containers.

[TheCashistrash]

@bigc028282 gold has been a currency for over 5 thousand years u cannot go wrong with it. The issue with gold is u need to sell it when gold goes crazy and there is a euphoria in the purchase of it. When you sell the gold do not sit on cash. purchase something else that is devalued. Right now gold is very undervalued by historical records when you adjust for inflation. Dow to gold ratio should be 1/1 so if the DOW is 10k gold should be 10k or real close.

[bigdogITbiker]

@TheCashistrash  Hello, I am just wondering where you get that concept from - "Dow to gold ratio should be 1/1..." ? thank you very much. John