fuzzywzhe (December 31, 1969 at 6:59 pm)

> Right, that makes gold one hell of an> investment!!!!!>> If you owned an ounce of gold for 5000 years> it would still only be worth 760 dollars.In 1931, if you have 760 dollars, you could have turned that into 38 ounces of gold.If you owned 760 dollars in 1971, you could have bought 21 ounces of gold.Today, if you own 760 dollars, you can't buy 1 ounce of gold.That's why a dollar is worth.

JohanHelenius (December 31, 1969 at 6:59 pm)

still 4 months to go

SotatoPalad (December 31, 1969 at 6:59 pm)

nice call on gold and silver, this video was posted on 3/17/08, right about the time silver crashed. And yes, silver crashed and it WILL go lower.

fuzzywzhe (December 31, 1969 at 6:59 pm)

> But you said gold would break $2,000 with> in 12 months 8 months ago. It is around> $740 now and looks to head lower with more> deflation on the horizon we could see it> drop to $400. I doubt that it will, but> anything is possible now.There is a widespread retail shortage.There is some funny stuff going on. Just try to buy a silver or gold coin today. Something is going to crack eventually.

bennmug (December 31, 1969 at 6:59 pm)

Don't buy gold buy guns, guns hold value and protect you, for a goverment that prints money out the ass.

SHUTDAFU (December 31, 1969 at 6:59 pm)

Wise move would be to keep at least 10% of your assets in physical ownership of precious metals.

1tomone111 (December 31, 1969 at 6:59 pm)

hmmmmmmmmmmm? i think the guy should get a girlfriend!

theoriginalanomaly (December 31, 1969 at 6:59 pm)

It doesn't really grow. If you are talking about the American economy anyway. Economies only grow with new capital, not new debt (inflation). Sure the DJIA goes up, but it goes up in line with inflation (new debt). And it doesn't even keep up. Economies only go up when new capital is created not new money. The US economy is shrinking, we produce less and less... we just keep buying though. The only reason the dollar is worth a damn is because oil is traded in USD. We have to keep it that wayIRAQ

tyler121515 (December 31, 1969 at 6:59 pm)

how did you know the stock market was going to collapse "shortly after the summer"?

CYLX4 (December 31, 1969 at 6:59 pm)

Northwest Territorial Mint