GOLD rally is for SUCKERS

Max Keiser talks to Stacy Herbert about the next gold rally when it triggers panic buying at 2000$/oz
recorded on October 17th 2009

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[zmelli]

I tell people to buy Gold and Silver and I get blank stares. When my neighbors tell me that they just bought some gold, I will sell!

[rytis1]

Hmmm.., sounds like what many silver analysts predicting: when gold is too expensive, the masses will switch to silver. And there is less silver than gold. Gold will eat silver's dust..

[zmelli]

@zmelli I wrote this two years ago, time sure flies

[TiborCsuprik]

@zmelli hahahah thats a good sign right!

[Dreama40]

Silver would appear to be the best deal when you consider its ratio to gold and its current price ($40/ounce), i've seen alot of these little stores saying "we buy gold" but i havent seen 1 yet saying "we buy Silver" I guess the masses havent caught onto Silver yet!

[Equity213]

@kn9ioutom

Bull shit. Sure the dollar weakened but gold buys more stocks, more oil, more bonds, more real estate, more food. Gold is up 400% over the last 10 years. Sure the dollar is down, but not nearly by 400%

[edsanville]

@sukumvit Right on. And that's not even considering the fact that the stock market was in a secular bull market between 1983-2000, while gold was in a secular bear between 1980-2002. Now that the trends have reversed, I expect gold's gains to far outstrip AVERAGE stock gains for quite some time.

[kn9ioutom]

GOLD AND SILVER DID NOT GO UP ! THE DOLLAR WENT DOWN !!!

[chrisMcG17]

@gtq838 you cant look to the past, you must be forward thinking with your investments. what happens when inevitably gold becomes "money" when the chinese back their currency with gold. central bankers have an agenda. soon enuff u wont have to hoard gold since you will be able to "lend" it to a bank and make gold debit purchases electronically.

[gtq838]

@sukumvit as an inflation ajusted price gold would have doubled in price since 1975. which mean it paid a yield of exactly 2% keeping up with inflation doesn't count as profit. Even at no inflation adjusted prices and with gold being over priced substatially at the moment you would have achieved around $8000 in a savings bond. I think everybody knows thats a bad investment. even the average historical yields on 1 year cds beat gold at this inflated price.

[sukumvit]

@gtq838 Actually had you put $1000 into gold in 1975 you'd have over $9000 worth now. That would be guaranteed by the way - you wouldn't have to worry about your fund going bust or anything... OTOH how many investments have delivered a consistent 10% p.a. for 35 years!?!?! Even a consistent 6%???

[gtq838]

@Overcastkid747 holding on to vast amounts of cash is no better than gold. holding on to gold is stupid to though. If you were to invest say $1000 into an ira in 1975 it would now be worth about 8700 assuming you only got 6% return on investment which is horrible most iras yield more in the 10% range which would be nearly 28000. gold on the other hand you would be at around 2000.