I don't know if you guys realize but the value of gold has been the same for a long long time.

When the price of gold goes up, it doesn't mean that the value of gold has also gone up - all it means is that the paper in your bank and wallet / purse is worth less (worthless) or depreciating.

Due to reasons stated above, I do not think it's right to look as gold as a way to make massive amounts of cash.

What I'm trying to say is that Gold is the kryptonite to today's crazy world of leveraging. Gold & Silver are the only currencies on earth that forces society in general to be honest - that's why the banksters HATE it!

Some of you guys are doubting the fact that Gold prices will continue to climb, it will continue to go up (although the value will remain the same) - why you ask? Simple! because governments are addicted to cheap money, they've dug a hole so deep that they can't get out of.

The only way to keep the world going is to keep interest rates close to zero, you can google the interest rates in every country - try it. If you keep rates so low, people (greedy as they are) will keep borrowing to try and leverage themselves by buying property etc etc. Where will all this money come from? Simple! Central Banks will print and print and print and print thereby depreciating currencies which drives the gold prices up.

Mark my words, the ringgit will also have to one day face a devaluation, the signs are everywhere. Just listen to the people around you, cash is cheap and they're borrowing and borrowing to leverage themselves, why do you think property prices in Malaysia are so high? Where's all this money coming from?

Fact of the matter is, most of you guys reading this post right now - already know this, you're intelligent enough to figure it out but like everyone else (me included) you just end up going with the flow.

All you gold bugs reading this, I wish you good luck! If you buy gold, make sure, and I can't emphasize this enough - MAKE SURE you buy physical. Cause if you can't hold it in your hands - you don't own it! Paper gold is just that, paper - weren't dollars once paper gold anyway? Worked out great didn't it? You doubt it? Look up Executive Order 6102

Mate, the world's gone mad! Somewhere up (or down) there, communists of past years are laughing their asses off at us while we play the games created and rigged by greedy banksters.
You're pretty damn right, with all their exotic albeit toxic instruments - who really knows what's going to happen. There's been some talk over the wire about CDOs being extended to also
include credit card debt and auto loans, whilst there are already instruments to secure loans using autos as collateral (CLOs) - we haven't seen really the CDO-ing of auto debt on a large scale.

It's crazy what they're doing to us, it's even more insane to think that we're playing their game, performing circus tricks and jumping through hoops - and all this for a pittance whilst these
banksters makes billions riding on our backs!

Yeah and you better believe it! If it isn't true why are the banksters so afraid of silver? Why won't they allow it to float? Why the managed retreat? JPM-Chase have a short position on
silver at 33k contracts or so. People are saying, we should each buy an oz of silver - drive the prices up and force JPM to fulfil said contracts at a huge loss. We're going to pick em off
one by one, take em and their greedy over leveraged crazed supporters off one by one!

This post has been edited by daedalus: Mar 3 2012, 07:05 AM