Here is a previous post from the OP in another thread.
actually, it should read...impossible to lose VALUE in gold and silver.
when one buys gold and silver, they are taking a breather from the financial rat race. their value in time is frozen. no gain and no loss. none.
imagine someone owns one ounce of gold they purchase for $500. At that point in time, the 500 federal reserve notes will buy an ounce of gold or various amounts of other commodities.
the value of the FRN drops, and suddenly it takes more of them to buy an ounce of gold. Gold has become more expensive in the sense it takes more FRN's to buy the ounce, but generally it will also take more to buy everything else...oil food, etc. People now see this with food and energy prices.
when the value of FRN's increases, it takes fewer to buy an ounce, but also fewer to buy the other commodities.
zero sum game.
Buy gold at 1900 and it drops to 1800? no difference, since the commodities we use and buy will also get cheaper, so the frn's "buy" more.
i'm telling you...it is impossible to make or lose money in gold and silver...but it is the PERFECT store of value.
I differ in that I don't think there is some magical TPTB that are conspiring to do anything in particular. What is happening is the greed inherent in a capitalist system. So you end up with speculators who have sufficient financial assets to MOVE MARKETS. The Rothschilds learned to move markets back in the day using rumor and innuendo. Works great and the MSM plays this as well. You know that all the shows are scripted and that those who write the scripts KNOW how things will play out. Any alert staffer at MSNBC or Bloomburg can make money trading on what he knows is going on the ticker.
so speculators speculate, and big speculatiors can make the market move i their favor by making bets and powering the pot.
i watch with some amusement how people on glp game the various systems in which they interact to eke out a small advantage. someone gives advice on how to get a freebie of one sort or another. same at the upper levels. its human nature.
i'm just pointing out here, that buying gold and silver is a no stress situation, but you aren't going to make anything either. I personally believe that ALL of whatever a person defines as their SAVINGS, should be held in gold or silver. SAVINGS.
people think savings should be in cd's or a bank, but the interest they pay is ALWAYS less than what is lost by inflation. ALWAYS. so by definition anything in these accounts is not SAVINGS. it is essentially being taxed away.
it was never impossible to lose money in real estate because the financial system is not denominated in dirt. it is and always has been gold and silver. your assertion fails because your premice is faulty.
gold and silver are stores of wealth.
gold went lower today because the frn became higher in value due to greece hurting the euros value.
Gold is about to crash within 2 months..
Quoting: Anonymous Coward 1546358
what you are saying is that the FRN's will soar in value...gold ain't changing one iota.
i can think of a plausible scenario where you are correct, but I'm not entirely convinced. either way, the gold will buy what it does now, because the FRN will buy more goods and services.
zero sum gain
the government never confiscated gold. as far as I know, no troops ever showed up at the door and took the gold at gunpoint. A law may have been passed, but the law was not lawful. there used to be laws that black skinned people could not vote, but no one would suggest those laws be brought back.
I'm not saying land is or isnt a good investment, it just isnt a store of value like gold.
and they may not be making any more land, but the us government owns like 60% already, not counting 50 plus million homes. start dumping that into the market and see how well land holds its value.
the fiat gyrations are all designed to extract wealth from the masses, but ultimately they are all valued against gold. always have, always will.
when fiat has "value" due to sound economic principles, gold reflects this fact. when fiat is debased, the same happens. thus the attempt to manipulate the true cost via various methods. however, in the end, the truth is impossible to hide.
that is why we are currently not in a recession or depression, but a reconciliation of value. no wealth is being lost in the translation, it is just being shifted from one set of hands to another.
look at the relative price of something like oil priced in gold units and then tell me how what you say makes any sense.
if federal reserve notes buy a certain amount of oil relative to the price of gold, the actual numbers assigned to the particular product are irrelevant.