CNBC: James Turk on where gold is headed (10/09/09)

[chimpanchu]

Owning paper gold is like owning paper gun. They can neither protect you financially and physically.

[agridagi82]

gold is the best 2010

[dowhatuwill]

@agridagi82 Silver is up much more than gold and will continue to do that.

[ChristiansMustLearn]

Has silver retained its purchasing power compared to oil/energy over the same time frame as gold has?

[KLguy133]

CNBC,

can you stop forcing pregnant women down our throats? Have you ever considered the rights of the unborn? How healthy can it be for some woman with a stomach as big as a basketball to be lugging themselves around with all the stress that work entails.

Plus the fact that it is F'g ugly , nothing feminine about it at all.

Women's rights. yeah right what about the poor unborn, what about their rights.

Put them maternity leave !

[ZionistWorldOrder]

In ancient rome a senators top quality toga, belt and sandals would cost about an ounce of gold, that's 1056USdollars & with that amount you can by a good suit, belt & a good pair of shoes suitable for a statesman anywhere in the world today. Gold seems to have virtually no devaluation. Invest in gold or silver but you should consider buying seeds as well, yes plant seeds. There's a coming scarcity for you! Natural non modified plant seeds.. Peace

[wcarlpdrysdale]

Do you know, A short is when a item may cost now $10 , and you agree to sell 100 to me next week at $9, because you believe they will actually drop to $8 and You would stand to gain $100. Naked implies that you don't all ready own them but must buy them in order to sell them to me. I was referring to gold shorts My comment implied that I hoped J P Morgan would louse a lot of money Now figure this one out, One day good got board and created bad to play with. Thanks

[flyhead2]

All this nonsense spun by pundits (who have vested interests in keeping the system afloat) on 'if you do such and such you'll be safe' is smoke and mirrors. The metals market is every bit as fake as the banking system. There is no 'safe way' as long as the Golden Calf worshipping crooks are still at large. You want to be safe? There's no such thing. Take to the streets and oust the thieves. Avoid their corrupt markets and tear their house down.

[xsleef]

Invest in beans and rice--and ammo

[sunnyjong1]

do not buy gold or silver either paper or

physical. just ask yourself, how much of

gold or silver can you affort to buy, even the gold goes up to $5,000 per oz, every

thing will go up too, and they will cancel

each other out. besides, if you buy gold, you are only making those people richer

who buy before you. also inflate your debts away or raise the interest rate and

destroy the economic with deepest depression and chaos or civil unrests.

which do you pick???????

[MrMP81]

Yea, someone profits from selling it to you but the point of buying Gold is securing your wealth. ( Physical metal not paper )

And as for everything rising up, while those with paper will have the harder time buying, the gold owner won't.

So, point is, it's security.

[sunnyjong1]

i never own gold or silver or stock. the only security you will only have is gun

in one hand and food in the other. all you

people's opinions are all correct to your

own, and we can only know when the real

chaos and civil unrest comes.

[tim3687]

I need to correct you. This is a misconception about holding gold. I recently cashed out some of my gold in EUROs. You can cash out your precious metals in other currencies if you know how to hold it. Not only did I make money on the increase in the price of gold, I kept the value of my currency by cashing out in EUROs. I will be buying more gold / silver and cashing out in currencies other than the failing U.S. dollar. Go down with the ship if you want, but I have mouths to feed.

[wcarlpdrysdale]

let's hope jp morgan has lots of naked shorts