EMERGENCY! Everyone needs to BUY GOLD NOW!!!

Sorry for the extravagant and grossly misleading title, but this needs to be heard.

YOU NEED TO GO BUY GOLD RIGHT NOW.

As it's breaking records for being the most expensive it's ever been.

Who are you buying it from? The powers that be of course.

Why do they have it? Because they bought it back for pennies on the dollar from the people who bought it last time it was breaking records with high prices.

Why are they selling it to you and telling everyone on TV to go out and BUY GOLD NOW!?

Same reason they do every 20 or so years when the price breaks records.

Because they are selling it to you at the most expensive it's ever been, and laughing as it flies off the shelves because someone on CNN told them to.

Then when the economy doesn't crash, and all your money is in gold, you sell it back to them, at MUCH less.

It's all a cycle.

Attempting to rob the last bit from the middle class that isn't rich, but has a little money to spend on metals in a time like this as they fall for the fear mongering.

Your thoughts?

Will give it a try, but I need more info on why I should before I do.

Just hope its worth it in the end.

reply to post by Jeanius



Nevermind

Sorry guys, it posted a thread with no post!

I just wrote it again.

In short, DON'T buy gold as it's breaking records.

so what is the emergency?

reply to post by Indigo2


The sky is falling.

Run.

reply to post by Jeanius


Too bad copper cant be a precious metal since pennies are made of it and those are hardly worth anything! Gold should be used for more purposes then the primary use as currency.

reply to post by Stop-loss!


I agree, I think it's foolish putting so much worth in a shiny yellow metal.

However I can't think of another way to cap the limit of money then tying it to such a thing.

I mean you can switch metals or even make another element the primary, but that doesn't really change anything.

I don't see too many people buying gold because most people don't have any assets to buy anything.

I do see, almost on every street corner, a "we buy gold" sign.

Besides, most people who are buying gold are just buying a paper saying they own gold.

Though you do have a point about the elite trying to get people to buy when prices are high. When it was easy for people to buy homes, they were the most expensive. Now that's it's much harder, prices are lower.

reply to post by Jeanius


Rare metals from space should be the main focus since gold has outlived its usefullness. Anything TPTB have a monopoly on tends to go to crap then sold off to people as "precious crap". This world really needs a new direction when it comes to handling resources.

The only thing the price of gold sky rocketing through the roof does for me is make this 14 carat gold ring on my finger more valuable.

It is to late to buy gold,back when it was less than 800 dollars was the time to do it.

Now it the time to sell the gold you bought for less than 800 dollars.

Really, is the MSM in America trying to get you guys to buy gold?

for anyone interested a shadow organisation dubbed Foundation X is trying to inject cash into the UK (and other nations) economy, they claim to still be using the gold standard and have at least 7 Trillion in bullion (calculated by someone else based on the amount of bullion they claim to have)

For those interested the news was given in a speech to the UKs parliament by Lord Blackheath (1st nov)

Sky News

Lord James told Sky News he was approached nearly six months ago and asked to help broker a deal which could be bigger than the Marshall Plan, the US fund which helped Europe recover from the Second World War.

Official transcript of the speech from the House of Lords

Extract relating to bullion holdings.

My noble friend Lord Strathclyde came up with a very different argument. He said that this cannot be right because these people said at the meeting with him that they were still effectively on the gold standard from back in the 1920s and that their entire currency holdings throughout the world, which were very large, were backed by bullion. My noble friend Lord Strathclyde came back and said to me that he had an analyst working on it and that this had to be stuff and nonsense. He said that they had come up with a figure for the amount of bullion that would be needed to cover their currency reserves, as claimed, which would be more than the entire value of bullion that had ever been mined in the history of the world.

So if this organisation is real and stepping out from the shadows with huge quantities of bullion what is that going to do to the price of gold?

The gold I have, I will not sell. They could be trying to get people to part with their gold, and if the dollar is completly zero in value in the (near?) future, you will not only be stuck with barrols of worthless money, but will also be without the REAL stuff that ALWAYS holds value---gold.

Yeah,but if you don't have any food,that gold isn't going to sustain ya for long.

Buy Beans!

The most precious metal you can own is lead with a copper jacket.

Given the fact that the price of silver is being suppressed, I'd name it as my second choice for bulk purchase.

mervyn king stated he wanted to tackle the fractional reserve banking system. he likened it to alchemy.
i see a big game of musical chairs and the tune is playing. if the situ with foundation x is indeed
genuine it may require everyone to put their nuts on the table. somewhere i read that the gold assets
have been sold 30 times over on the fractional reserve system. a statement i made earlier stated 15,000 tangible
tonnes to 50,000 ish tonnes on paper receipts. so this could be anywhere in between. where does that leave those with the paper receipts?
when the music stops how many will be left standing?
what will the ratio of chairs to paper receipts be?
could this be an excercise in i show you mine you show me yours?
it is indeed an interesting time
f

I have not seen any increase or statements telling me or anyone to buy gold in a looooong time. To the contrary, there are comercials to get you to sell gold, and new gold buying outlets popped up all over this past year and are doing well. When prices are up that is the time to sell not buy, I don't think anyone is stupid enough to go out and pay tons for it while it is sky high. Doesn't make a lick of sense.

Originally posted by Stop-loss!
reply to post by Jeanius

 

Too bad copper cant be a precious metal since pennies are made of it and those are hardly worth anything! Gold should be used for more purposes then the primary use as currency.

Copper is worth money, if you happen to see any scrap copper around you can collect it, and trade it in for some good money. the price is rising.

Originally posted by MR BOB

Originally posted by Stop-loss!
reply to post by Jeanius

 

Too bad copper cant be a precious metal since pennies are made of it and those are hardly worth anything! Gold should be used for more purposes then the primary use as currency.

Copper is worth money, if you happen to see any scrap copper around you can collect it, and trade it in for some good money. the price is rising.

edit on 6-11-2010 by MR BOB because: (no reason given)

The pre-'82 pennies (i think) are worth about 2 cents each, because they were made with pure copper.

Are you Glenn Beck using a sock?