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Originally Posted by pineal-pilot-in merkabah
can you explain where your info is coming from that the usa dollar isnt going to collapse in tyhe next year.. you statement is complete nonsense  |
Well. laugh if you want to, but the proof lies in the fact that there is too much physical gold out there, and not enough cash
The best info would be to check into ebay.com and check out gold bars, silver bars, gold coins, silver coins (minted and unminted) and also jewelery (pure gold and silver chains ect)
It will take you a long time to go through that lot. Seems there is a lot of people out there trying to dump the stuff for cash. Go to other auction sites, or even the plethora of pawn shops around the place, it is the same thing. You cannot exchange physical gold for goods and services - everyone needs cash to do that.
There are many people out there predicting this and that. Personally, I believe that it is in no-one's interest for the dollar to collapse, so it won't happen. A methodical unwinding perhaps, but not a collapse.
Quote:
Originally Posted by Lorien
Interesting, because last time I checked Gold has gone up over $200 an ounce in the last 6 months and $300 and ounce in the last 2 years bringing it to a current price of ~$977/oz. So unless your friend owns bars of gold that are 1/900th of an ounce, your just flat out wrong or making stuff up.
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The paper value has gone up, but so too has most other things. The more USD that flood the market, the higher all prices go. It's not just gold.
In any case. My friend has physical minted gold coins and bars. If anyone can tell me where he can trade an ounce of it for US$1000, that would be great. As it stands, he is struggling to get half that. If he has paper gold, he might have been OK, but physical gold is hard to offload, impossible if you want market price..
Personally, I would like to buy a heap of that cheap gold, but like most people, I need cash right now as well.