You don't own gold, not one of you owns gold.

[zdreg]

Quote from Asterix:

ok.
And what happens if gold is confiscated again?

http://en.wikipedia.org/wiki/Executive_Order_6102

be serious. people will not hand it over. if guns were declared illegal in Texas tomorrow how many guns would be handed in?

 

[AK100]

Quote from Asterix:

ok.
And what happens if gold is confiscated again?

http://en.wikipedia.org/wiki/Executive_Order_6102

Sorry, but you cannot have the 'Land of the Free' banning Gold without the whole world making a mockery of the US. I mean Gold, it's such a dangerous weapon, right up there with weapons grade plutonium

Mind you, they'll probably try and spin the argument with the word 'terrorist' as in 'only terrorists own and like Gold - non-terrorists and patriots give it/sell it back to their government.'

 

[Asterix]

Yes, I know . But after reading Wealth, War and Wisdom by Barton Biggs I am not sure that physical gold is the best wealth protection.
But it depends on the country and the situation. (sometimes fine art, sometimes land, sometimes jewelry worked better). For inflation, hyperinflation probably gold is the best , but if the problems are bigger (war, civil war, nationalization) may be it is not enough to have only gold. We'll see ...

 

[zdreg]

Quote from crazyAtrader:

Gold is uptrending and it's in huge demand, no contest there.

However, when everyone suddenly starts with this euphoria, as I've been witnessing, not back in 2009/2010 but as it starting now, I get worried. Even my neighbors want to own gold now, a bubble production of the media escalating fear.

The doom and gloom predictions of the USD are quite ridiculous.

It got devalued due to the printing, but give me a break, it can easily be as inflated.

It's too powerful of a currency to suffer the Zimbabwe effect, in fact, whether the anti american users like it or not, it is the most powerful currency in the world.

In other words, suck it up, the greenback is still and will continue to be King.

Crazy A

this is a correction to the previous post which accidentally attributes to Crazy A which he did not make.

Quote from crazyAtrader:

Gold is uptrending and it's in huge demand, no contest there.

However, when everyone suddenly starts with this euphoria, as I've been witnessing, not back in 2009/2010 but as it starting now, I get worried. Even my neighbors want to own gold now, a bubble production of the media escalating fear.

The doom and gloom predictions of the USD are quite ridiculous.

It got devalued due to the printing, but give me a break, it can easily be as inflated.

It's too powerful of a currency to suffer the Zimbabwe effect, in fact, whether the anti american users like it or not, it is the most powerful currency in the world.

In other words, suck it up, the greenback is still and will continue to be King.

__________

you make an interesting comparison. In one paragraph you mention the $US in connection with $zimbabwe. In the next paragraph you call the $US a king. how do you handle the cognitive dissonance?
(cognitive dissonance- Cognitive dissonance is the mental conflict that people experience when they are presented with evidence that their beliefs or assumptions are wrong." ...)

the US is getting poorer by day because the ponzi schemes of the US government ie pensions to gov't workers ,medicare,medicaid have reached the tipping point. the $US was $C1.80. now it is 1:1. that is the action of a king? take a look at the yen and the swiss france and the $Aus

what fantasy are you concocting next?

if gold is in a bubble enjoy the ride which odds say u have missed to date.

 

[Grandluxe]

Quote from Der Vent:

All you suckers making hand over fist in gold trades ETFs futures CFDs etc

You are all gonna lose everything you got. When you close your trades into your accounts with all that made money. You won't have time to convert to actual physical gold when currency begins to collapse.

90% of the value of your accounts will be erased in matter of 5 days, all your wins are futile as long as you own Dollars or Euros even worse if your money is electronic and not cash.

You have about a year to convert to gold you can touch after that

poof ...every man for himself

WelCUM back Cold/c-kid, I have my right eye on you

 

[SnakeEYE]

Quote from Der Vent:

I am not saying I know what will happen 100%

but that's the thing with owning physical gold, good or bad, you got safety net

Gold is money

And none of the BS rhetoric from what we consider authority can change that.

Gold was always money, just that we didn't realize it till now.

feel free to wire all your dollars to my bank account

 

[Businessman]

Quote from Der Vent:

I am not saying I know what will happen 100%

but that's the thing with owning physical gold, good or bad, you got safety net

Gold is money

And none of the BS rhetoric from what we consider authority can change that.

Gold was always money, just that we didn't realize it till now.

Gold was money once, now it is just a relic of a bygone age.

Main use of gold today is by Indian farmers as bling for the wife.

Do you think all the gold could have built the modern world we see today? Simply not enough of it around to fund everything.

Gold is now just an asset class like any other and is subject to bubbles and crashes like everything else.

This gold bubble still has legs. So money still to be made.

 

[Lucrum]

Quote from Der Vent:

All you suckers making hand over fist in gold trades ETFs futures CFDs etc

You are all gonna lose everything you got. When you close your trades into your accounts with all that made money. You won't have time to convert to actual physical gold when currency begins to collapse.

90% of the value of your accounts will be erased in matter of 5 days, all your wins are futile as long as you own Dollars or Euros even worse if your money is electronic and not cash.

You have about a year to convert to gold you can touch after that

poof ...every man for himself

Why do you sound like bearice?

 

[Longcat1982]

Quote from Asterix:

ok.
And what happens if gold is confiscated again?

http://en.wikipedia.org/wiki/Executive_Order_6102

They'll move out of the US to, say, Switzerland..

Unrelated but another reason why taxing the rich won't work.. they'll just move away.

 

[morganist]

Quote from Lucrum:

Why do you sound like bearice?

It's not Bearice. He has a different writing style.

Plus his posts are longer and jump from one subject to another. This guy or girl is concise and consistent.