GOLD : bubble trouble or ready to double ?

Jim Puplava talks to Alan Newman and Puru Saxena about the gold bubble
recorded on December 12th 2009

Category:

News & Politics

Tags:

• gold
• bubble
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• Puru
• Saxena
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• manipulation

[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]

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.

[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.

[SovereignBeing]

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

[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.

[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.

[NazTheGreat]

@Alexisme1001 70 ounces is not a lot.

[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.

[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