I would like to buy some more gold but I’m just too chicken at this point. I hate to say this, but it would be nice to see a crash & recovery in gold… I’d feel alot safer buying it on the way up a second time.
Clayton -
I’m curious to see if our “collapse” is gonna happen this September. I really cannot see the U.S economy struggling even to/through X-mas this year…
Who wants to start a pool for if Gold deflates, then inflates or if it just goes up up up and, eventually, away.
I believe in the past year, Ag is up over 130%. Au is performing nicely though too.
I’m not sure what you are referring to.
Me too. I was double long from 1490 to 1605.
Looks like it’s a good time to take some profits. If I knew how to buy agricultural commodities, I would. Does anyone know how to buy/sell on COMEX using e-trade or something like that?
Clayton -
Buying and selling on the COMEX has requirements that you might not meet (minimum account balance, etc.) Also, you would be trading futures. But you could trade physical gold and silver using GLD and SLV on E*trade. I was double long gold using UGL.
I do all my physical the old-fashioned way only, I’m too suspicious of the whole racket. I’m not scared of futures per se but I seem to recall the transaction costs of COMEX trading are too high for my very casual investing needs.
Clayton -
I don’t see much of problem using GLD and SLV to trade. But I wouldn’t want to own it when armageddon comes. I rather physically posses the physical.
I’m not sure what you are referring to.
When TSHTF. Dollar becomes hyperinflationary, cyberwars that don’t let you log in to E*trade, etc.
WSHTF is what i meant too. You knew that.
I didn’t know that. I wasn’t sure if you were referring to an earlier thread where some of us are expecting a crash by the end of the year, but its not TSHTF scenario.
Oh. I guess i see the two as being intertwined. '08 was an early indicator of hyperinflation, just as much as the 2011 panic will be.
I agree. Nothing like having a few Silver Eagle Monster Box laying around for when paper currencies and stocks become worthless.
why would stocks become wortheless?
$1,795
It’s going stratospheric. I was skeptical about Shiff’s $2K prediction but now it looks inevitable. Who knows how high it’s going to go. I think we’re tipping over the edge as we speak into a double-dip recession. 2012 is going to be very… interesting.
$1860