GasBuddy Blog

Message Forum - Read Message

Category: Business news > Topics	Add to favorite topics Post New Topic

Author	Topic: buy gold	Topic is locked Back to Topics

dieselbuddyPE Rookie Author PEI Posts:3 Points:160 Joined:Sep 2008	Message Posted: Sep 14, 2008 7:58:21 AM Ignore dieselbuddyPE Report Abuse time to buy but not on margin the united state money printing press is on a potential high inflation run. gold is the only honest currency.real wealth is not created by money printing as germany tried in the past and it took a wheelbarrowful of money to by a loaf of bread. if it was that simple we would all have a money prnting machine

dieselbuddyPE

Rookie Author
PEI

Posts:3
Points:160
Joined:Sep 2008

Message Posted: Sep 14, 2008 7:58:21 AM

Ignore dieselbuddyPE Report Abuse

time to buy but not on margin the united state money printing press is on a potential high inflation run. gold is the only honest currency.real wealth is not created by money printing as germany tried in the past and it took a wheelbarrowful of money to by a loaf of bread. if it was that simple we would all have a money prnting machine

REPLIES (newest first)Ignore Short Messages

FaithAlone Champion Author Rio Grande Valley Posts:10,467 Points:1,933,830 Joined:Jun 2006	Message Posted: Sep 25, 2009 9:27:18 AM Ignore FaithAlone Report Abuse I Googled the story on the IMF selling gold, since I had not heard that had happened. Apparently, it hasn't. The IMF has been saying all year that it is going to sell 400 tonnes of gold, but it never does actually do it. Here's a link to one such story Why IMF announces but fails to sell gold
Sam195 Champion Author San Bernardino Posts:8,230 Points:1,602,775 Joined:Oct 2008	Message Posted: Sep 21, 2009 10:16:09 PM Ignore Sam195 Report Abuse The Chinese are buying gold. But the IMF is selling. It's hard to tell what the true market value really is with all the central bank transactions. Then there are all the questions about how much gold the central banks have actually leased out. I still love the shiny metal, though. The U.S. Eagle is one of the nicest looking coins ever.
FaithAlone Champion Author Rio Grande Valley Posts:10,467 Points:1,933,830 Joined:Jun 2006	Message Posted: Sep 14, 2009 10:29:01 AM Ignore FaithAlone Report Abuse That's right OilHo. And, the Chinese are buying gold like crazy.
OilHo Champion Author Ontario Posts:10,909 Points:2,130,095 Joined:Jul 2006	Message Posted: Sep 9, 2009 12:15:42 AM Ignore OilHo Report Abuse China is selling the USD. Looking for a place to put their cash.
FaithAlone Champion Author Rio Grande Valley Posts:10,467 Points:1,933,830 Joined:Jun 2006	Message Posted: Sep 4, 2009 2:06:22 PM Ignore FaithAlone Report Abuse My precious metals holdings have skyrocketed in the last few days. Here's the question: is this a permanent or long-lasting upward trajectory, or just a short-lived boom to be followed by a bust? Comments? My own thoughts: Gold is getting ready to move over $1,000/ounce, but I suspect it will come back down slightly below that. Silver may go to $20/ounce, but probably will drop back to $15 or so.
Sneakers55 Champion Author Houston Posts:51,849 Points:2,168,625 Joined:Nov 2005	Message Posted: Sep 29, 2008 4:51:18 PM Ignore Sneakers55 Report Abuse Gold is best spelled without the "O". Just get "GLD" and consider it done.
Sneakers55 Champion Author Houston Posts:51,849 Points:2,168,625 Joined:Nov 2005	Message Posted: Sep 29, 2008 4:42:51 PM Ignore Sneakers55 Report Abuse It's only $700 billion if every piece of paper they buy turns out to be worthless. That's not going to happen. They did exactly the same kind of thing in the Great Depression. Instead of foreclosing, they let people pay as they could. Within a few years, the once-worthless paper was profitable again.
bullwinkleOH Rookie Author Cincinnati Posts:31 Points:28,345 Joined:Aug 2008	Message Posted: Sep 23, 2008 7:57:17 PM Ignore bullwinkleOH Report Abuse Hate to say he's right, but $700,000,000,000 in Wall Street deficit bailout spending can't be wrong!!!?
tshac Sophomore Author Virginia Beach Posts:215 Points:121,900 Joined:Aug 2008	Message Posted: Sep 18, 2008 10:33:33 AM Ignore tshac Report Abuse Hmmm...