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SPDR Gold Shares Message Board

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  • investment_wanker investment_wanker Sep 19, 2009 12:40 PM Flag

    IMF just announced...

    Why now you asked?
    BECAUSE they are desperate for MONEY.
    The same reason Nixon eliminated the US gold standard in the 1970s.
    The only TRUE store of WEALTH is PRECIOUS METALS.
    Those who believe in currencies will soon have their comeuppance.
    Keep 50% of your holdings in gold (the actual metal, not these silly ETFs) and you will be well served for all time, and ESPECIALLY for these times wherein our government is on the fast track to dollar destruction.

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    • I remember this same argument the last time gold went up in the 80's... people who bought then are still losing money based on inflation adjusted value. I've used gold myself to protect my investments, ie., I went 100% into gold and miners last Oct when things crashed everywhere. I rode it back to when gold reached $1000 the last time. I've been out since then. Gold may reach the very high levels that some predict, but history isn't on the side of that lasting very long.

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