d2thdr

IMO you RH (and many ) think about people who just buy gold and do no trade the markets, who do not follow asset allocation, never look at gold silver ratios are 'gold bugs'. Not only are you wrong, but also you are trying to somehow convince yourself about the safety of dollars you hold. Good luck with whatever happens.

That's newspeak. Why make things complicated? Does mankind love making things difficult to understand? Is that why people use financial advisors? Why not just accept the elders of the past knew certain things better than we do, though we think we know more now? Opinions matter to ensure debate proceeds. Facts can end debates.

Says who? 'Gold is money' is is a universal fact. It is not an opinion. Just because they do not accept gold in a supermarket right now in the UK does not make it anything other than money. In most third world countries they would happily accept the gold as money.

Gold IS NOT currency. Gold IS MONEY.

Do not wait, pull the trigger. DYOR.

Far from it. Long long way to go. They still called it an investment. It will be too late for many to buy.

If DJIA:Gold is at 1:1, will you still sell gold?

I do not see why he/she should discuss his/her personal finances with you. His/her gains or losses are his/her own.

But there does not need to be hyperinflation for gold to reach 5000$/oz or 50000$/oz. There is a higher chance of hyperinflation the higher the gold climbs. There is a very little chance of deflation with rising gold prices.

Presumably, you are effectively actively trading your precious metal or perhaps I have missed something? or perhaps you are trading the paper precious metal and converting it to physical?

You have to realign your paradigm. It seems you are planning in the future to sell your PM and buy fiat? Is that your exit strategy? I used to think the same way, but I feel we are at a stage where the exit from PM would be unnecessary, it will be the money and currency.

I have read that this company goldline has sold some gold coins to buyers which are not the standard gold coins. Mostly numismatics which have a significant high cost due to their rarity, but wont sell easily.

Current value of silver you own or the cost you encountered when you bought it?

Dude you seriously need to reexamine your ideas about the world and the currencies in it.

HI Errol, If I am not wrong you have been buying since year 2000. Did you read Thoughts of Another that prompted you to buy? How did you start?

Sure. Sell. I will keep buying. DYOR.

So simple. Yet so complex. Nice one.

As was mentioned by someone, ' all the excellent traders are having a good time in Bahamas'. He is just another trader who thinks he knows more than everyone else.

Yes you could be right. However, with that possibility people might not really sell gold. Besides there could be other places to live that might choose not to tax to death the gains gold makes in fiat. Always a different way to look at the same thing. You are also kind of assuming the existence of a system similar to right now where all the vestiges of governmental control are still intact. How many stooges will the government support with fiat? Or how many will choose to carry on working for a system when they are not making ends meet? What if the system becomes such that only the stooges working for government are the only ones who get paid in fiat or in terms of daily food ration? Would it still be worth living in such a society, gold or no gold? Would you rather not have few more options? Easier said than done.

My advice to you would be to take delivery. keep it close at hand. Do not bother trading or looking at ratios to swap gold or silver. It will be a waste of your time. Buy as much physical as possible. Also buy silver if you want. VAT on silver should be considered as the tax you pay to get out of fiat. I have learnt a lot from people here and in general reading on internet. Let no one tell you what you should be doing. Make you own mind up. If you have not yet read, try reading the posts on buying gold/silver http://www.greenenergyinvestors.com/index.php?showtopic=3757 http://www.greenenergyinvestors.com/index.php?showtopic=2887 http://www.greenenergyinvestors.com/index.php?showtopic=3782 You could get some bargains on ebay. I would advise you stray clear. One the integrity of seller can be of doubt. You do not all and sundry to know where you live. Also read the articles posted by another, friend of another and friend of friend of another here http://fofoa.blogspot.com/ Good luck. Think about it this way. Gold is expensive for many today. But you know this and you can still buy it. There will be a time in the near future where gold wont be available to buy at what ever price. Many people disagree on the arrival of such an event. I was not so sure not too long ago. But now I have no doubt in my mind that such a time will be seen within the next 10 years maximum. Be glad that you are just ahead of the wave. There are lots of youngsters and oldies out there who have no clue of this coming catastrophe. You might be one in your family who will be looked up to for your foresight. I just wish I was as switched on as you are when I passed out of university. Good luck.

That is exactly right. Not everything. But certain things if explained well and all counter arguments are effectively 'countered', then the argument stands. Bubb is not hyperinflationist. But ' baked in cake' was his phrase. Why do you not put your points to FOFOA and let us see, if your argument stands or his?

'Less dogmatic stance on hyperinflation if Jim Sinclairs 1650 $ target is not met' has no place in the reality we are living. I feel it really does not matter if 1650 target is met or not. We are living in a time when these short term fluctuations in the price target or failure to achieve the said target does not change the name of the game. After reading things on internet and borrowing Dr Bubbs phrase - Hyperinflation is now baked in the cake.

Looking at the above graph, the price mentioned (6000 0r 7000 or 10000) should be the current price. Because once inflation catches up, the price could be many multiples of the mentioned price.