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[omegabsw]

I for one more then likely no more about gold and precious metals then most people on this forum as I have dealt in it for the last 10 years.

I have made money on gold, I was buying it a few years back when it was $450 an oz then later on $600 an oz. If you look at historic gold prices then it will tell you that in times of unrest (War, recession) then typically the gold price is high.

Dollars are a universal currency, so many different countries use them rather then their own. Oil is traded in dollars!
I cant ever see the dollar being considered to be a "really" weak trade unit. compared to say Sterling and Euro

Also if you speak to a goldsmith/porn broker he will tell you that there may be a little left in gold but anything short of WW3 then I wont be seeing the gold price hit £4000 in my lifetime in fact I doubt I will ever see it hit $4000

[mantagte]

read
"Down to a Sunless Sea" by David Graham

http://en.wikipedia.org/wiki/Down_to_a_Sunless_Sea

this is one take on "what if"

That is one of my favourite books.

The stretch 747s I do remember

Have you read/got the 70's original with the Epiloge at the end or the 80's reprint which omitted it?

[chalcroft]

Whilst i am no economist i do feel the major world currencies are in a real danger of collapsing.

The rise in all the "we buy your gold shops" on every High Street are not there to help out individuals who are experiencing financial hardship. No they have a long term game plan and that is gold is going to increase in value in a big way.

[Omegatoy]

read
"Down to a Sunless Sea" by David Graham

http://en.wikipedia.org/wiki/Down_to_a_Sunless_Sea

this is one take on "what if"

That is one of my favourite books.

The stretch 747s I do remember

Have you read/got the 70's original with the Epiloge at the end or the 80's reprint which omitted it?

excellent book!! read it three times, just checked and it got thrown out when we moved !!! aaaarrrrgggghhhhhh

[Banjax]

if currencies were to collapse, i fail to see what you could buy with gold? take a few shavings off and hand them to the till operator in tescos? if you're buying gold because you think that'll happen, then pretty soon gold would be worthless too - what would be of real value would be food, medicine and clean water and some skills 

remember everyone used to say invest in bricks and mortar - house prices always go up? anyone? no? ok so its gold now - brilliant

[bigegg]

buy the gold now, then wait for everyone else to realise it's still going up, and start buying.
then sell it.
then invest in petrol, tinned food, and ammo.


I don't honestly believe that things will ever get THAT bad.

but the more I see, and read, the more I believe that we've barely started into a major financial upheaval.

Certainly worse than the early 80's
and possibly worse than the 1930s.

all the above have occured since the dollar, (and sterling) were taken off the gold standard.

[davethediver]

if currencies were to collapse, i fail to see what you could buy with gold? take a few shavings off and hand them to the till operator in tescos? if you're buying gold because you think that'll happen, then pretty soon gold would be worthless too - what would be of real value would be food, medicine and clean water and some skills 

remember everyone used to say invest in bricks and mortar - house prices always go up? anyone? no? ok so its gold now - brilliant

Thats why i built my house from Gold Brick

[cem_devecioglu]

ok.. I think  the system in the west has to put the hat aside and think twice.. if the whole system is still working on a debit basis even in those conditions thats unbelievable..  and the parties even can not agree on precautions.. :-?

[Banjax]

ok.. I think  the system in the west has to put the hat aside and think twice.. if the whole system is still working on a debit basis even in those conditions thats unbelievable..  and the parties even can not agree on precautions.. :-?


 

yeah - we're doomed to repeat history....however recent