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Gold and Silver is Money - buying dollars?

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Uploaded by on Oct 13, 2009

If you are going to take profits take it in something real not paper money. Take profits in houses or cars or anything other than dollars.

Don Harrold said in his Email...
You probably know that I like Gold and Silver as
long-term storehouses of wealth. And, you know
(hopefully) that I've been spooky-accurate with
my gold and silver calls over the last few years.

You might think I'm buttering you up for why I
think I'm right about selling some gold and silver.

Wrong.

I believe that gold and silver will move higher.
Much higher. Gold to $1500 and Silver to $25.

But, it would be a fool's game to play to try and
get "the top" in either. I took 10% of my gold
and silver off the table and I think it is a wise,
smart move. I hope to sell another 10% when
gold gets to $1200 and silver hits $20.

I must repeat: Gold and silver are wonderful
long-term plays. I hope - desperately - to
see them back down 20% so I can buy more.
For now, I'm happy taking some gains out of
them since the last time I bought was at $12
on silver and $750 on gold.

Good luck to you!


[I think we should say good luck to people holding dollars for a better price in gold and silver or any other asset other than debt.]

Please support other channels that expose the truth. The liberty movement is on the march, but needs to grow.

http://www.youtube.com/user/BackBurnerNews
http://www.youtube.com/user/cv1122
http://youtube.com/user/Victoryindependence
http://youtube.com/user/DonHarrold
http://youtube.com/user/Breakthematrix
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http://youtube.com/user/walstreetpro2
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http://www.youtube.com/user/crabbydogtrix

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Uploader Comments (davincij15)

  • Great video.

    If you choose to liquidate some of your gold and or silver position to lock in some profit and again put that capital to work, which I won't do, I'd buy copper with the dollars or rare earth metals. Copper is cheap.

    I won't sell my gold or silver as the juice may not be worth the squeeze short term. Its not worth selling, getting stressed and worked up, only to ask yourself 'if' you made the right call. Screw it, its a hold. But I still like copper.

    Dow 10,000 anyone? haha

  • That's how I feel.  As for copper, I will do a video soon.

see all

All Comments (68)

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  • Times are tough for many. If you need to make some money right now here's a guaranteed way to do it...

    GuaranteedWayToMakeMoney [dot] com

  • I agree gold and silver will go a lot higher but its going to be a heck of a ride. Central banks all over the world are short dollars like there is no tommorow. When that reverses, your going to see the dollar rally like crazy and gold or silver lose 70% in 2 months. Just be careful with all this stuff but you have the right idea. Most of my money is also in silver. I only buy after crashes.

  • i wouldn't even think of selling my pms, these dips are getting smaller and the gains are just starting to get bigger. Even the excuses for dollar rallies are getting pretty rediculous. gold at 1000 dow at 10,000???? maybe its just me but i think i'll wait for the gold/dow ratio is bit closer the to 1 to 1, then i MIGHT sell for an asset that cash flows.

  • Can you stagger their orders ? Say a few coins every 2 weeks? No matter what the price, this way they will average in.

  • That is how I feel too, Carney, A former Goldman Sachs boy can't let the Canadian dollar go too high or we would have no economy up here to protect.

  • Adahondeayenh:

    I want to be crystal clear with you. You should have your savings physical gold and silver if you are going to gamble do not buy GLD get into stocks now if you want to gamble. GLD gives you all the risk of a stock and the same value of as hold physical gold. So why risk holding something that can go to zero like a stock when you can hold the real thing that can't go to zero?

    It's not logical.

  • I have $2000 correction I have $2500 now in mining companies this makes up 1% of my net worth.

    they are

    IVN

    CGLD

    CDE

    AUY

    DROOY

    I started with $1200 :)

    Should you buy them now? No, wait for a pull back.

  • Yeah I agree that GLD has no real gold, and thanks for the reccomendation of RunToGold I will check that out. I only plan on holding GLD till gold hits 1200 or so, at which time I'm going to get into small market cap mining companies for maximum profit.

    Have you thought about any mining companies, or do you talk about those in any of your other videos? Thanks

  • DXY....75.37

    every bodie is selling the dollar

    then every bodie else sells the dollar

    then everybodie else sells the dollar...

    the india rupee

    looking good..

    take care guys ..

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