Discussion in 'Business & Economics' started by quantum_wave, Sep 23, 2008.

1. ### one_ravenGod is a Chinese WhisperValued Senior Member

Messages:
13,406
That's what the radio commercials keep telling me.

3. ### RomanBannedBanned

Messages:
11,560
What's preventing you from doing it?

Aren't the only difference in depression & recession magnitude?

5. ### nietzschefanThread KillerValued Senior Member

Messages:
7,721
I did do it Roman.

Messages:
6,865
Duration.

8. ### CarcanoValued Senior Member

Messages:
6,865
Most of the money diluting the value of the dollar is generated by the thousands of commercial banks making loans, according to the interest rates set by the Federal Reserve.

The lower the interest rates...the more money is generated out of thin air.

The VALUE of gold changes very little...what changes far more is its PRICE.

9. ### shorty_37Go! Canada Go!Registered Senior Member

Messages:
12,140
Yes I have hidden all the gold & silver bars that Nietzsche bought in an undisclosed location.

10. ### CarcanoValued Senior Member

Messages:
6,865
The ONLY circumstance where debt is desirable is when its pays for an investment that yields more than the debt's interest rate.

12. ### quantum_waveContemplating the "as yet" unknownValued Senior Member

Messages:
6,670
Wow, nowhere is safe. Gold plunged today.

I think the central banks around the world sold some of their gold reserves in a coordinated effort to help fend off the liquidity crisis. Does anyone have a handle on this? I watch Bloomberg and I haven't seen any reporting on what happened.

13. ### nietzschefanThread KillerValued Senior Member

Messages:
7,721
It's fishy. I can't say i've got a handle on this. Some powerful people are trying to save the american dollar however....

14. ### ashurathe Old RightRegistered Senior Member

Messages:
3,611
It's only a temporary road bump to the inevitable. Take advantage of the current low prices of gold and silver while you can.

15. ### quantum_waveContemplating the "as yet" unknownValued Senior Member

Messages:
6,670
And that is good from a global perspective since complete loss of confidence in the dollar would fuel the crisis. Of course being in gold was supposed to be the right place during a global economic crisis, so I agree it is fishy.

Some of the gold conspiracy theorists have been saying right along that the central bank was selling gold into spikes to help avoid panic. When people pull money out of banks and buy gold to stash in their safes then ... well, you know how bad that would be for the economy and for banks. I guess I can't fault that type of Fed action but it makes gold investing unintuitive

. But I'm sure not recommending anyone sell their gold yet.

16. ### quantum_waveContemplating the "as yet" unknownValued Senior Member

Messages:
6,670
Right, this seems like a gold and silver buying opportunity, but I would have said that yesterday too so if you buy you have to be prepared for volatility.

17. ### spidergoatLiddle' Dick TaterValued Senior Member

Messages:
53,966
I'm buying lithium. You can make batteries out of it, and it really mellows you out.

18. ### quantum_waveContemplating the "as yet" unknownValued Senior Member

Messages:
6,670
Can I get a dose by chewing a lithium battery?

Messages:
53,966

20. ### quantum_waveContemplating the "as yet" unknownValued Senior Member

Messages:
6,670
Yikes, it makes my fillings tingle just thinking about it

.

21. ### Michael歌舞伎Valued Senior Member

Messages:
20,285
this seems oxymoron. if you want to buy gold then why pay off debt as you are betting inflation will reduce your dollar value?

22. ### Michael歌舞伎Valued Senior Member

Messages:
20,285
regarding buying gold, I read, (I have no idea if this is true) but anyway, I read that gold price can be manipulated easily.

23. ### quantum_waveContemplating the "as yet" unknownValued Senior Member

Messages:
6,670
That is what I have heard. It is certainly true. Think how easy it would be if the G-7 central banks want to act together. They have proved they can by lowering interest rates in unison. Are they selling gold in unison too.

Maybe I am getting carried away though. It could be that todays gold decline is just a reflex response to a one day jump in the dollar. If so, gold should be up next week. Let's wait and see.