Aaron Smith, managing director at Superfund Financial, talks with Bloomberg's Susan Li about his outlook on gold price trends and silver as an investment.
Question I have is what happens if you have all this gold then gold is made into the gold standard which it will be made into. You'll be left with gold which would be pegged to a fraction of what you paid. You won't even be able to sell it either because its so cheap or considered illegal to sell.
@G0ttaBeFresh It's not at bubble level yet... ATM it's just the value of the dollar pushing it up, and the end of the tunnel is not in sight yet. I'm still buying, it may go up to $5K mark my words.
@Bravesfan4500 Well it's hard to say but right now it's around 1,600 down from 1,900 over 2 months. So that's a huge correction in a short period of time indicating that the price was artificial at 1,900. I think the real value of gold right now is around 1,350 on the safe side so it could easily drop to those prices. I would stay away from gold. Ammunition is the best money protection investment you can make. They are inflation proof, don't spoil, and if civilization melts down you are set.
It's funny watching this now because it's actually happening!!
nickisacebeans 1 month ago
youtube.com/watch?v=2T4vJ7TjC7Y
2011qIIq 1 month ago
Question I have is what happens if you have all this gold then gold is made into the gold standard which it will be made into. You'll be left with gold which would be pegged to a fraction of what you paid. You won't even be able to sell it either because its so cheap or considered illegal to sell.
shisomiso 1 month ago
@TWSceptic If it goes that high then it's a bubble for sure. But nobody said you couldn't make money from it. I just don't do risky trades like that.
G0ttaBeFresh 2 months ago
Not only Gold is real currency, Silver is also real currency.
1234dbs 3 months ago
@G0ttaBeFresh It's not at bubble level yet... ATM it's just the value of the dollar pushing it up, and the end of the tunnel is not in sight yet. I'm still buying, it may go up to $5K mark my words.
TWSceptic 3 months ago
@telekonable You're probably right, but it takes up a lot of room, gold you can just put in a small safe.
TWSceptic 3 months ago
Forget gold , the best investment right now is silver.
telekonable 3 months ago
@Bravesfan4500 Well it's hard to say but right now it's around 1,600 down from 1,900 over 2 months. So that's a huge correction in a short period of time indicating that the price was artificial at 1,900. I think the real value of gold right now is around 1,350 on the safe side so it could easily drop to those prices. I would stay away from gold. Ammunition is the best money protection investment you can make. They are inflation proof, don't spoil, and if civilization melts down you are set.
G0ttaBeFresh 4 months ago
@G0ttaBeFresh how much do you think gold will be once this bubble bursts?
Bravesfan4500 4 months ago