Big predictions by the Gold Gurus like y2k the end of the Dollar is comming???
Sell everything and buy Gold. By the end you will have ZERO WEALTH.
Ask the Gold GURUS why we need Gold in the world???
A big substitute for Gold is Copper like in jewelery.The big diferents is a ounce Copper cost only 10 CENTS.
I give you some sampels.
Jewelery 14 carat = Gold 58% Copper 42%
12 carat = Gold 50% Copper 50%
6 carat = Gold 25% Copper 75%
I made you a hedeg with telling you the real world??
This Gold Gurus never told you the danger investing in Gold??? Most of them hate USA the DOLLAR and simpatising with aur enemys.
Take advantage on your position and when you see in your local business section the topic the Dollar than a red lamp is comming up.
THANK YOU THIS iS MY opinion only.
I've been buying and selling properties since 1976.I've been living in one of the properties for about 20 months now, in April i may sell it as my personal residence and move into another. Either way it's win-win as i see it, the same market occured in 1991-1992 the banks wouldn't take back the properties for fear of having too many bad loans on the books, B of A had homes that were 15-18 months in the rears and wouldn't foreclose. I picked up 1 home in Anahiem for about 60 cents on the dollar, with no payments for 12 months. That home, which is really nice cost $102K just appraised for $535K, i really won't mind paying the taxes if i had to.
I got my answer.
Gaby is not for real. Just someone playing us for a fool. I was hoping I would get an answer with as much imagination as her spelling mistakes.. at which time ..if I laughed hard enough, I would read her posts and maybe even root for her now and then.
OK...let's ask some tough questions!!
Gaby...1-are you male or female?
Your accent is quite unique and 2- I was wondering where you learned to read and write english?
3-May I ask where you live now and is that where you consider home?
4-what's the deal with the spelling?
If you respond in a credible manner, I will speak to you with respect, if not....I treat you like trash for wasteing our time (questions 1-4).
Why is it so difficult for most people to understand this simple scerino? I've been preaching this for 2 years, we will see a change of direction for the dollar soon and the talk will be of how we're turned the corner, then watch for the trend of metals to surge higher.Now there is talk of borrowing 4-6 trillion dollars to subsidize the social security program Bush wants to push. Interest rates will have a difficult time moving up, that will kill the economy, and oil is going much higher, probably over $65 by mid-2006, your recession call imo is a sure call. I own 9 rental properties and re-fied all to the hilt, i'm pretty sure the banks won't take them back when the bubble pops, if i'm wrong i still have the properites.
Here are my answers.
(1)Gold can go higher from here but can coleps too. No fundamentals to Gold. No real value. It is a overpriced material.
(2)The new economi engine are the far east countrys China,India and the rest.I don't see anny recession in comming years.
(3) The row material whre in a depresion in last 20 years and they will be in a bull market for a long time to come.
(4)Some realstate will go higher for a long time: Private houses in the city. We have a energy and trasportation crises end people will pay anny price to be close to work. How you caculate the cost of trasportation and time spendet on the road has a high value. No enough land in the city resolt RADICULUS HIGH PRICES. Not a buble.
THANK YOU .This is my opinion only
no i do don't think that what gabby is saying., he thinks gold well lose value period when some central bank comes up with a way to change the course of 5000 years of history
also gabby is full of mush.. and is playing this ..game to the hilt. Forrest Gump.. to be sure..
any body with the iq of a stump must realize this little act.. is the act of a mosquito thinking it self an eagle...
in my opinion only..
Re gabby's point.....Is it not possible for gold to be 800 an ounce in 2 years and copper 80 cents. In that scenerio...copper is the better investment. Well, you get the point...someone has to try to make the case because he/she is not doing a very good job.
So you don't see the diferents,(sp) reasen: no diferents(sp) only in price. One ounce of copper cost 10 cents and one ounce of Gold $450.
how about polished rocks a whole handfull for a nickle, thats not the point,,
gold is scarce,, it takes more effort and work to extract gold from the earth.. since the beginning of time the gold that has been mined will fill a large tennis court.the copper mined will fill the grand canyon.
that is the difference. gold is more dear. and as such it commands a higher price. and because it can not be exercised out of mid air.
it is used as a measure of stability for a unit of value. that is all.
gold has stood the test of time. and their are folks now who will pay 450 an oz for the stuff. any place on the face of the earth,, weather you think copper is better it does not matter. because you still get your 10cents .
and next year their are people who will pay the going price for gold.. and we shall ses what the price is.. so you must just go down to the beach and as the waves approach say stop.. in the name of gabby ,, because waves are every where and they should not civer my feet , n my bosy, my head,, but gabby has no power to stop a flood.
as much as you want copper and gold to be the same they are not.
just my opinion..
it is called supply and demand. way beyound your control or mine.. so as long as the market will oay me the equivent units or work.. ie.. dollars for gold that is the system.
go anywhere and geet 450 an oz for copper it can not be done.. so in spite of your arguments.
it does not wash.. and i will only give 5 cents for a private lesson from randy johnson to learn to pitch a baseball. but the market will pay a lot more.. so i am content to just throw my pretty rocks a against the wall.
and of course i sww qhat you are saying.. but so what the market will pay more for gold.. it cost the equavilent of about 300 bucks to bring a oz of gold from the earth .. copper 5 cents.. so when the market calls that is the price .. your beliege has nothing to do with it.
go buy a 3.00 buck hamburger, what is the difference from a 1 oz of cavier for 50 bucks. ..macdonalds makes billions and billions.. and sturgens are rare.
so all the protestations aside the gold will bring a market price. and if wealth is thought of in gold terms that divided the units of work into the toral oz of gold found and you have bingo it's value. same with copper, same with widgets.
Gaby,,,he/she...Whatever, actually does make a realistic point. At some point in time, copper may be more valuable than gold.
Look at water for instance.....it was free my whole life and mow cost's 1.50 per bottle...even more than soda and almost as much or more than gasoline.
At some point in time...water may be 100 dollars a gallon and gold may be 1.50 per once.
We are all invested here because we see what is happening to the world and at this time in particular the dollar. How many dominos have to fall before water is more than gold.
For all our sake, I hope that day never comes but everyone knows that it is possible.
ps...there will be no internet chat or stock market , it will be like Road Warrior. At least we can wear some cool clothes and have cool hair cuts.