Stockmarket

[teemu]

Nice response.

Glad you could provide answers to my questions.

I did answer,you just refuse to open up your eyes and ears..

China is buying gold by the ton...hmmm why is that? if its not being used a money?

keep believing in paper and watch where it gets you!

 

[gibby]

No, you didn't answer.

Never said I "believe in paper". I asked you to show me proof it (gold as a currency) works.
It doesn't. Neither does pegging (ask Mexico, Russia, Thailand and now Germany/Greece).

Show me a solution that works instead of fear mongering.

 

[teemu]

No, you didn't answer.

Never said I "believe in paper". I asked you to show me proof it (gold as a currency) works.
It doesn't. Neither does pegging (ask Mexico, Russia, Thailand and now Germany/Greece).

Show me a solution that works instead of fear mongering.

dude,other countries are TRADING with precious metals,its being reported all over the mainstream news...in fact,we could go back to a gold and Silver standard.Also, the State of Utah has legalized precious metals to be used as currency...

China is trading Gold for oil and is also hoarding Gold...I'd say that it is money and they are using it to purchase what they want with it..

I don't feel like giving you tons of links just to prove that I am right,only for you to keep being ignorant about it..research it yourself,get the truth!

 

[The Ween]

I just wish someone can explain to me how buying gold or silver and saving it for when the economy is going to go in the toilet is going to do any good. I mean. Here I am, with all my gold. The world goes boom. Now.....won't the price of gold go to pot as well? Here let me trade this bar of gold for a gallon of milk.........?????

 

[teemu]

I just wish someone can explain to me how buying gold or silver and saving it for when the economy is going to go in the toilet is going to do any good. I mean. Here I am, with all my gold. The world goes boom. Now.....won't the price of gold go to pot as well? Here let me trade this bar of gold for a gallon of milk.........?????

It won't do you any good in a SHTF scenario,because the most valuable items will be food and water (water first) and items that you can use to stay alive etc.

Look at precious metals as a hedge against inflation,not as your saving grace..its there to protect you against a devalued dollar

though,in the last 10 years,gold and silver(in the long term) has made you more money than any stocks or bonds have made..I remember back in 2000,Silver was $4 an ounce....12 years later its at $32 an ounce(and reached its old high of $50)...those who bought then,are doing quite well off...

Gold and Silver is not going to save you,but it may keep food on the table for a little while...

 

[gibby]

dude,other countries are TRADING with precious metals

Thank you. Actually, it's called bartering, though, for future reference.

China is trading Gold for oil and is also hoarding Gold...I'd say that it is money and they are using it to purchase what they want with it..

...and it's not working, is it, with sanctions being imposed on Iran and China, which could get even tougher after the election.

Again, how is pegging to gold going to work again?
Solutions, my man, solutions.

 

[teemu]

Thank you. Actually, it's called bartering, though, for future reference.



...and it's not working, is it, with sanctions being imposed on Iran and China, which could get even tougher after the election.

Again, how is pegging to gold going to work again?
Solutions, my man, solutions.

Isn't trading with Fiat currency bartering since its a "confidence" based currency with no backing?

So What is your Solution?

Gold is Money (another currency that has NEVER gone bankrupt)

Paper eventually Fails and goes bankrupt

 

[gibby]

Isn't trading with Fiat currency bartering since its a "confidence" based currency with no backing?

So What is your Solution?

Gold is Money (another currency that has NEVER gone bankrupt)

Paper eventually Fails and goes bankrupt

That's what I'm trying to get to, teemu.

Most gold bugs just want to stand on top of that box and scream gold and/or pegging is the answer, but fail to come up with any proof that it works. You say "never failed", but it almost failed the US multiple times (just check the links I provided earlier).

Jump to present day....now you have Iran trying to start up a bartering system to avoid sanctions, with China AND Russia jumping on board hoarding gold working with Iran to destroy the US Dollar (and why the US is also hoarding gold).

The problem arises when dealing with a global economy that others are not capitalistic, and will do anything to destroy it. Hence, the hoarding of gold, driving up the price creating panic and fear to do anything to destabilize the global markets and bring down the US dollar.

I'm not saying fiat is perfect, but in capitalism it has worked and should continue to work IF the US can stop overspending, which has been the crux of just about every single modern government, not just those with a fiat currency.

 

[teemu]

That's what I'm trying to get to, teemu.

Most gold bugs just want to stand on top of that box and scream gold and/or pegging is the answer, but fail to come up with any proof that it works. You say "never failed", but it almost failed the US multiple times (just check the links I provided earlier).

Jump to present day....now you have Iran trying to start up a bartering system to avoid sanctions, with China AND Russia jumping on board hoarding gold working with Iran to destroy the US Dollar (and why the US is also hoarding gold).

The problem arises when dealing with a global economy that others are not capitalistic, and will do anything to destroy it. Hence, the hoarding of gold, driving up the price creating panic and fear to do anything to destabilize the global markets and bring down the US dollar.

I'm not saying fiat is perfect, but in capitalism it has worked and should continue to work IF the US can stop overspending, which has been the crux of just about every single modern government, not just those with a fiat currency.

your points are valid

as I said in my other post...look as Gold and Silver as a hedge,not as the savior or to think you are going to strike it rich

 

[gibby]

as I said in my other post...look as Gold and Silver as a hedge,not as the savior or to think you are going to strike it rich

At least we can agree on that.

 

[ProgMatinee]

Isn't gold fiat too? You can't eat it. You can't build a house out of it. Its what it represents, not its use itself that is important.

If the world goes to ****, all that gold you have and supposedly kept "somewhere" is as worthless as paper. ****, "your" gold is probably represented by some piece of paper itself. Good luck with that when the **** flies.

 

[Blackthornone]

Isn't gold fiat too? You can't eat it. You can't build a house out of it. Its what it represents, not its use itself that is important.

If the world goes to ****, all that gold you have and supposedly kept "somewhere" is as worthless as paper. ****, "your" gold is probably represented by some piece of paper itself. Good luck with that when the **** flies.

Gold is not fiat. It never tarnishes or rusts, and you can make things with it, like electrical contacts and circuits. It is also the most hypo-allergenic metal there is, so it is best for jewelry, and any other thing that needs to be metal to touch the body.
You can hammer it cold and turn it into gold leaf for covering things.
Gold is very useful, and so it has real value.

 

[snookie]

Hello again. Great reading all your feedbacks. Looks like gold is a clear choice for some. Which is very understandable because of the monetary relevance of gold.

On a second note though, does anyone here trade non-precious (metal) stocks? AAPL has been tanking and with the Christmas sales coming, I think this would be a great opportunity to take advantage of the dip.

 

[comicbookguy]

Hello again. Great reading all your feedbacks. Looks like gold is a clear choice for some. Which is very understandable because of the monetary relevance of gold.

On a second note though, does anyone here trade non-precious (metal) stocks? AAPL has been tanking and with the Christmas sales coming, I think this would be a great opportunity to take advantage of the dip.

Hi snookie, I'm a part time trader and my brother and his friends also trade for a living at the NY stock exchange and Morgan Stanley. I use Scott trade myself. They have the best prices here in the USA. Trading is great to be honest it's the laziest job with huge returns. In love it and will never leave it. We do take huge risk but the returns are most of the time rewarding. I love it when the market dips or when it shoots way up! Theres money to be made anything in these markets. Well except the sideway markets which i dont like. I bought 500k of apple yesterday. So I'm more than happy with it now. If it drops so what. I'm happy with my price of my entry. I will sell it off again at around 650s or so. Apple is getting me my new weekend super car this coming spring. Just wait and see

 

[Vader AL]

Hi snookie, I'm a part time trader and my brother and his friends also trade for a living at the NY stock exchange and Morgan Stanley. I use Scott trade myself. They have the best prices here in the USA. Trading is great to be honest it's the laziest job with huge returns. In love it and will never leave it. We do take huge risk but the returns are most of the time rewarding. I love it when the market dips or when it shoots way up! Theres money to be made anything in these markets. Well except the sideway markets which i dont like. I bought 500k of apple yesterday. So I'm more than happy with it now. If it drops so what. I'm happy with my price of my entry. I will sell it off again at around 650s or so. Apple is getting me my new weekend super car this coming spring. Just wait and see

FINRA Series 7 license?

 

[comicbookguy]

FINRA Series 7 license?[/QUOTEAreNas a great test that is! Are you a trader as well? we need more traders here! What stocks do you like to trade?

 

[Vader AL]

FINRA Series 7 license?[/QUOTEAreNas a great test that is! Are you a trader as well? we need more traders here! What stocks do you like to trade?

I am a Chief Compliance Officer of a Broker-Dealer and was going to say you need to be careful what you say online. ha, ha.

 

[comicbookguy]

I am a Chief Compliance Officer of a Broker-Dealer and was going to say you need to be careful what you say online. ha, ha.

Oh thanks, ok I was just kidding in the above about the markets I have 100.00 in there but I'm still learning hehe... I will make that 100.00 into 500.00 someday!

 

[Vader AL]

Oh thanks, ok I was just kidding in the above about the markets I have 100.00 in there but I'm still learning hehe... I will make that 100.00 into 500.00 someday!

 

[snookie]

Hi snookie, I'm a part time trader and my brother and his friends also trade for a living at the NY stock exchange and Morgan Stanley. I use Scott trade myself. They have the best prices here in the USA. Trading is great to be honest it's the laziest job with huge returns. In love it and will never leave it. We do take huge risk but the returns are most of the time rewarding. I love it when the market dips or when it shoots way up!

My sentiments exactly! I love buying AAPL on the dip. I'm excited to see what the price will be for the next earnings. I can't wait for their TV either, hopefully it'll come by 2013 and we'll finally see that $800 - $1000 analysts keep hyping about.

I am a Chief Compliance Officer of a Broker-Dealer and was going to say you need to be careful what you say online. ha, ha.

Hi Vader AL you weren't serious, were you?