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View Full Version : USA 2008 = Japan 1990

TampaDude
12-16-2008, 05:07 PM
http://money.cnn.com/2008/12/16/news/economy/fed_decision/index.htm

Here we go...WHEEEEEEEEEE!!!!! :lmao:
Joe
12-16-2008, 05:31 PM
http://money.cnn.com/2008/12/16/markets/thebuzz/index.htm?postversion=2008121615


Wheeee.... Gold/silver bugs don't know nothing... :roll:
Young,Fablous,&Broke
12-16-2008, 11:28 PM
so how do you buy gold.
fencerider2
12-17-2008, 08:20 AM
Gold will not make a new high, because as soon the other governments cut rates the dollar will stabilize and Gold will come back down.
Joe
12-17-2008, 08:21 AM
so how do you buy gold.

I bought most of mine by meeting up with people that listed on Ebay.

Then again, most of the listings now are overpriced. Thus the best bet will be through the mints, dealers... They at least only have a small premium above spot.
Young,Fablous,&Broke
12-17-2008, 09:51 AM
So how do you sell it? It sounds like its not like buying a stock. All BAC stocks are worth the same, but Are some gold coins worth more that others? Is a coin with bill clinton on it worth more than a coin with GW on it?

You may get $100 for a coin from one buyer, and $90 for the same coin from another... Seems like there are alot of variables involved.
Joe
12-17-2008, 09:53 AM
Seems like there are alot of variables involved.

Yes, there are.

Some coins fetch more of a premium then others, but all get at least their value in the current spot gold price.
fencerider2
12-17-2008, 10:27 AM
so how do you buy gold.


From a distressed person, not from someone selling at a premium. Years ago I bought alot of 10oz Silver bullion off a guy, After the Hunts Bros crash that needed cash right now.
ilsrwy27
12-17-2008, 11:17 PM
Buy the ticker GLD, a lot easier to 'store' or get in and out than 'real' gold... :)
TNathe
12-17-2008, 11:50 PM
fuck gold, get silver. cheaper and less abundant. If mining stopped tomorrow on silver the world would run out of its supply in 4 months. IT has more uses than just currency and jewelry unlike gold. you DO NOT want to own precious metals WITHOUT HAVING IT IN YOUR POSESSION. Hell, Morgan Stanley was just sued last year cause they were practicing "industry standard practice" and not having the gold on hand. They are selling more gold than they have, we already see what happens when people make a run on their shit and they dont have enough on hand to supply it...
Bucsfan
12-18-2008, 12:59 AM
The only thing that sucks about buying metals is that you have to have some disposable income to do it.

I doubt Publix and TECO will take gold and silver as payments.
Joe
12-18-2008, 08:30 AM
The only thing that sucks about buying metals is that you have to have some disposable income to do it.

I doubt Publix and TECO will take gold and silver as payments.

If you ever REALLY need gold, those places would be glad to take it....
TNathe
12-18-2008, 08:53 AM
The only thing that sucks about buying metals is that you have to have some disposable income to do it.

I doubt Publix and TECO will take gold and silver as payments.

Which is why silver is so attractive also...you usually pay $1.30 - $2.00 over "spot" which is the trading value at that time, right now today it is trading at $11.40, last month it was $10.30
fencerider2
12-18-2008, 03:21 PM
Now here this, Gold has no real value compared to Silver.
Joe
12-18-2008, 04:36 PM
Now here this, Gold has no real value compared to Silver.

I actually agree with you on this, kinda.


Gold is WAY overvalued. Silver is the better investment because of it's use in many applications...

I do own more silver then gold... as I think people should keep their silver stock higher then their gold stock.