Damnit stop driving up the price of gold, it's making my group's research more expensive!

Granted, we don't need *much* gold to do what we do (whee gold nanoparticles and thin gold films), but still!

When it comes to buying gold or silver, the best buy signals are found in what we refer to as "pocket pivots."

I use tarot cards.

Breaker Moran: Yeah, stock up on inedibles that you will never see or easily liquidate.

I suppose if it gets really cold I could burn these dollar bills, or perhaps sew them together into blankets and clothing.

This makes Glenn Beck cry.

I love how the gold bears are even bigger self-righteous zealots than the gold bulls in these threads.

xiola: I love how the gold bears are even bigger self-righteous zealots than the gold bulls in these threads.

I love how people say I love how when they mean to say I'm slightly annoyed by this but I wish to maintain an air of casual aloofness. I love it.

For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

invest everything you have in all that exists

Pants on the ground!
Pants on the ground!
Looking like a fool with your pants on the ground!

I am invested in a stockpile of turduckens

Rapmaster2000: xiola: I love how the gold bears are even bigger self-righteous zealots than the gold bulls in these threads.

I love how people say I love how when they mean to say I'm slightly annoyed by this but I wish to maintain an air of casual aloofness. I love it.

I know, right? And I love, LOVE how analyzations orientated at other posters are always thinly veiled criticisms disguised as praise irregardless of the annoyment it causes on the thread!!!

/enjoy!!

Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Do you really "own" something that only exists on paper?
If the economy collapses, which is won't, but bear with me, how do you redeem that paper receipt (because that's what it is, a receipt) into usable physical gold in your hand?
There's much more gold sold than exists on the planet, you know. It's well documented that each ounce of gold on the planet is "owned" by several people.
How's that going to play out later?

References: Link (new window).
And look, there even a freeper link (new window). (If you lean that way.)

/All of my cash in is zloaties, so I'm getting a kick, etc.

Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Please show how I'd access global markets in the case of a global economic meltdown, which is what the gold fools are hedging against.

Sold all of mine last Friday. Good to know I guessed right.

Doesn't "Pocket Pivot" sound like a euphemism for messing with your junk.

fifthhorseman: Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Please show how I'd access global markets in the case of a global economic meltdown, which is what the gold fools are hedging against.

So you think the internet and your shares of XYZ will cease to exist if the case of a Eurozone collapse? You seriously think we will regress that far?

HotIgneous Intruder: Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Do you really "own" something that only exists on paper?
If the economy collapses, which is won't, but bear with me, how do you redeem that paper receipt (because that's what it is, a receipt) into usable physical gold in your hand?
There's much more gold sold than exists on the planet, you know. It's well documented that each ounce of gold on the planet is "owned" by several people.
How's that going to play out later?

References: Link (new window).
And look, there even a freeper link (new window). (If you lean that way.)

That is the case for everything in our society except for a solid, tangible item. Do you really have money in your bank account that only exists as a digital copy? Most people aren't buying "digital" precious metals (mutual funds, electronically traded gold, etc.) to redeem them for actual precious metals. Most people are buying precious metals or precious metal mutual funds because it is an asset that protects against volatility of fiat currency that we are seeing playing out right now. If the entire world economy collapses and the internet ceases to exist, then yes, anti-gold folks will have the last laugh at folks like myself that bought "digital" precious metals. If the Eurozone collapses and the internet stills is around, who know, but precious metals probably have a strong future.

impaler: FTFA: "in 2011 as we ourselves have thus far outperformed the S&P 500 Index over 50-fold as of this writing."

The S&P 500 is -4% for the year. So they must be -200%.

THAT is funny. Good catch :) They should add an absolutely value in there somewhere.

you know what is funny anti gold folks cheers for inflation and increase in the money supply. Those actions result in higher gold prices which is then called a bubble by gold bears. Gold bears then expect that since goods cost more they will reap the benefit by the way of jobs and higher pay. When that does not happen they get angry at gold folks for driving up the price of gold and really start to yell bubble in hopes of causing owners of gold to question their ownership in gold. Point is that gold bears are lost souls in the investing world, fearing getting caught up in a bubble and losing their savings. They are even more aggrivated by the fact that banks pay nothing for savings and in the end savers have lost money due to inflation, which they cheer for in hopes of getting a job or increase in pay which does not really further their wealth because it gets consumed by rising costs of living casued by inflation for which they cheer for so they can get a pay raise or a job. That is a sorry way to live.

Brontes: fifthhorseman: Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Please show how I'd access global markets in the case of a global economic meltdown, which is what the gold fools are hedging against.

So you think the internet and your shares of XYZ will cease to exist if the case of a Eurozone collapse? You seriously think we will regress that far?

HotIgneous Intruder: Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Do you really "own" something that only exists on paper?
If the economy collapses, which is won't, but bear with me, how do you redeem that paper receipt (because that's what it is, a receipt) into usable physical gold in your hand?
There's much more gold sold than exists on the planet, you know. It's well documented that each ounce of gold on the planet is "owned" by several people.
How's that going to play out later?

References: Link (new window).
And look, there even a freeper link (new window). (If you lean that way.)

That is the case for everything in our society except for a solid, tangible item. Do you really have money in your bank account that only exists as a digital copy? Most people aren't buying "digital" precious metals (mutual funds, electronically traded gold, etc.) to redeem them for actual precious metals. Most people are buying precious metals or precious metal mutual funds because it is an asset that protects against volatility of fiat currency that we are seeing playing out right now. If the entire world economy collapses and the internet ceases to exist, then yes, anti-gold folks will have the last laugh at folks like myself that bought "digital" precious metals. If the Eurozone collapses and the internet stills is around, who know, but precious metals probably have a strong future.

Derp. Derpderpderp, ah, derp.
If I have $50K in cash in my strongbox, I have $50K in cash and you do not.
Ditto I do not have $50K in receipts for actual money I paid to unknown persons for gold that I do not really own because it's not in my hands.
Keep on buying the technofinancespeak, prole.
Derp.

xiola: Rapmaster2000: xiola: I love how the gold bears are even bigger self-righteous zealots than the gold bulls in these threads.

I love how people say I love how when they mean to say I'm slightly annoyed by this but I wish to maintain an air of casual aloofness. I love it.

I know, right? And I love, LOVE how analyzations orientated at other posters are always thinly veiled criticisms disguised as praise irregardless of the annoyment it causes on the thread!!!

/enjoy!!

I disagree. I didn't think my criticism was veiled at all.

fifthhorseman: Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Please show how I'd access global markets in the case of a global economic meltdown, which is what the gold fools are hedging against.

THIS.
Thread winner wins thread.

xiola: I love how the gold bears are even bigger self-righteous zealots than the gold bulls in these threads.

"I know YOU are but what am I" ceases to be convincing around the 2nd grade, and that's if you're behind the curve.

Brontes: For those of you knocking gold, please provide an alternative investment vehicle.

That's like judging someone's ability to scout the best relief pitcher for a hockey squad. The question itself demonstrates a complete inability to grasp even the basics of investing -- namely, don't hold anything forever.

What exposes Fark Goldbugs as idiots is that they're just as repetitive as the most obnoxious real estate brokers: NOW is the time to buy!! Meanwhile, the rest of us adjust our portfolios with our outlooks.

If you insist on a commodity to invest in when times are down, it's. . . well, gold ain't a bad choice. If you expect economic growth, though, two better investments are copper and oil.

I'm not against the idea of buying gold. I'm against the idea of buying gold for ideological reasons. The time to buy was 2008. Now the market's moving mostly sideways, so while gold may still yet make you money, I consider it riskier than something that pays a dividend.

Brontes: You seriously think we will regress that far?

No, which is why "investing" in the gold bubble is retarded.

dragonchild: xiola: I love how the gold bears are even bigger self-righteous zealots than the gold bulls in these threads.

"I know YOU are but what am I" ceases to be convincing around the 2nd grade, and that's if you're behind the curve.

Brontes: For those of you knocking gold, please provide an alternative investment vehicle.

That's like judging someone's ability to scout the best relief pitcher for a hockey squad. The question itself demonstrates a complete inability to grasp even the basics of investing -- namely, don't hold anything forever.

What exposes Fark Goldbugs as idiots is that they're just as repetitive as the most obnoxious real estate brokers: NOW is the time to buy!! Meanwhile, the rest of us adjust our portfolios with our outlooks.

If you insist on a commodity to invest in when times are down, it's. . . well, gold ain't a bad choice. If you expect economic growth, though, two better investments are copper and oil.

I'm not against the idea of buying gold. I'm against the idea of buying gold for ideological reasons. The time to buy was 2008. Now the market's moving mostly sideways, so while gold may still yet make you money, I consider it riskier than something that pays a dividend.

Well, that is a valid argument. I hate Glenn Beck and think he is a massive tool and am not investing in precious metal funds as an ideologue. I personally feel that the Euro collapses and takes several banks with it. When the dust settles, we won't be in a Mad Max Apocalypse where bullets and MREs are the currency. So I feel precious metals are on the safe side and have chosen to place some of my money there. It's not like I'm all in on gold, it is one modest part of my portfolio, I just don't get the gold hate on Fark.

Brontes: I just don't get the gold hate on Fark.

Read more Fark "analyses" of fiat money v. gold and get back to me.

Brontes: I just don't get the gold hate on Fark.

Agreed. Buying on dips has worked for me so far. Until the volatility index drops, equities seem too unpredictable an investment.

TravisBickle62: I am invested in a stockpile of turduckens

I lol'd!

/if you hold the ball, you won't fumble.

Brontes: I just don't get the gold hate on Fark.

I do. Most anti-gold people spew their contempt for the metal for a variety of reasons. Here are a few: 1) Some people associate gold purchases with Glenn Beck and/or the tea party. 2) They feel they missed the boat on the run up, and wish for a drop in price to confirm that it was a bubble so they don't feel bad about missing out. 3) Some hate the economic doom-and-gloom scenarios that some gold bugs use to justify their gold purchases. 4) They don't understand the nature of a financial instrument (often expressed as "you can't eat gold" or some other stupid variation of that thought). 5) They don't agree that gold is a good investment so they express their displeasure in hyperbolic terms, which is common on anonymous message boards. There are legitimate reasons to feel that gold is a bad investment, but there aren't many reasons to have hatred towards gold as an investment (unless you are an environmentalist - gold mining and processing is a dirty industry).

Seriously, it's just an investment. If any gold haters honestly believe the price is going to crash, I have no problem with that if they are willing to put their own money on the line. Short gold, buy DZZ. If you shout about gold being a bubble about to pop and you don't have any money riding on it, your opinion is completely useless.

Hollie Maea: Brontes: You seriously think we will regress that far?

No, which is why "investing" in the gold bubble is retarded.

So you sold your gramma's Kruggerand then?

HotIgneous Intruder: Derp. Derpderpderp, ah, derp.
If I have $50K in cash in my strongbox, I have $50K in cash a bunch of soon-to-be worthless paper and you do not.
Ditto I do not have $50K in receipts for actual money I paid to unknown persons for gold that I do not really own because it's not in my hands.
Keep on buying the technofinancespeak, prole.
Derp.

/FTFY

HotIgneous Intruder: Derp. Derpderpderp, ah, derp.
If I have $50K in cash in my strongbox, I have $50K in cash and you do not.
Ditto I do not have $50K in receipts for actual money I paid to unknown persons for gold that I do not really own because it's not in my hands.
Keep on buying the technofinancespeak, prole.
Derp.


>implying inflation is 0%
>implying no one takes physical delivery

Whole lot of fail in that post.

Why Yes I Am A Wizard: HotIgneous Intruder: Derp. Derpderpderp, ah, derp.
If I have $50K in cash in my strongbox, I have $50K in cash a bunch of soon-to-be worthless paper and you do not.
Ditto I do not have $50K in receipts for actual money I paid to unknown persons for gold that I do not really own because it's not in my hands.
Keep on buying the technofinancespeak, prole.
Derp.

/FTFY

Worthless? As in no value at all? Please explain how the US dollar will be worthless?

I have few more question for the goldbugs out there. If gold's ridiculous price increase in the last few years is nothing more than inflation why is gold rising faster than all other precious metals? Why aren't silver and platinum seeing the same gains? How can you explain a 33% yearly increase as only being inflation if no other commodities saw that increase?

max_pooper: Why Yes I Am A Wizard: HotIgneous Intruder: Derp. Derpderpderp, ah, derp.
If I have $50K in cash in my strongbox, I have $50K in cash a bunch of soon-to-be worthless paper and you do not.
Ditto I do not have $50K in receipts for actual money I paid to unknown persons for gold that I do not really own because it's not in my hands.
Keep on buying the technofinancespeak, prole.
Derp.

/FTFY

Worthless? As in no value at all? Please explain how the US dollar will be worthless?

I have few more question for the goldbugs out there. If gold's ridiculous price increase in the last few years is nothing more than inflation why is gold rising faster than all other precious metals? Why aren't silver and platinum seeing the same gains? How can you explain a 33% yearly increase as only being inflation if no other commodities saw that increase?

the us dollar is debt backed by a promise. look on each bill and it say fed reserve note, a note is debt. promises have no value to them. that is why the dollar is worthless. countries are dropping the dollar for gold to back their currency, that is why the value of gold keeps going up and is supported at most price levels. the price is not a complete result of inflation, but the driving force to buy gold is because of dollar devaluation. that means if you bought bond and the likes your investment will be deminished by fed devaluation of the dollar in an effort to repay that bond. remember the us needs to be funded by outside sources without that funding the US crashes and burns. The era of debt equals prosperity is over and a return to sound currency is on the horizon, it will not matter when you bought gold and silver or how much it cost you but it will matter by how much gold and silver you have. those in denial will suffer the most.

fifthhorseman: Brontes: For those of you knocking gold, please provide an alternative investment vehicle. Please show your work. Bullets and MRE's are not tradable on world markets.

Please show how I'd access global markets in the case of a global economic meltdown, which is what the gold fools are hedging against.

I invest in gold. That doesn't mean I'm expecting some sort of Mad Max civilizational breakdown scenario, which a lot of you gold skeptics seem to think that implies. There's plenty of reasons to own it that don't involve the collapse of society. And yeah, I have guns and emergency supplies too, not because I expect to have to huddle in my redoubt while fighting off roving bands of marauders, but because preparedness for the unexpected is smart.

pmdgrwr: max_pooper: Why Yes I Am A Wizard: HotIgneous Intruder: Derp. Derpderpderp, ah, derp.
If I have $50K in cash in my strongbox, I have $50K in cash a bunch of soon-to-be worthless paper and you do not.
Ditto I do not have $50K in receipts for actual money I paid to unknown persons for gold that I do not really own because it's not in my hands.
Keep on buying the technofinancespeak, prole.
Derp.

/FTFY

Worthless? As in no value at all? Please explain how the US dollar will be worthless?

I have few more question for the goldbugs out there. If gold's ridiculous price increase in the last few years is nothing more than inflation why is gold rising faster than all other precious metals? Why aren't silver and platinum seeing the same gains? How can you explain a 33% yearly increase as only being inflation if no other commodities saw that increase?

the us dollar is debt backed by a promise. look on each bill and it say fed reserve note, a note is debt. promises have no value to them. that is why the dollar is worthless. countries are dropping the dollar for gold to back their currency, that is why the value of gold keeps going up and is supported at most price levels. the price is not a complete result of inflation, but the driving force to buy gold is because of dollar devaluation. that means if you bought bond and the likes your investment will be deminished by fed devaluation of the dollar in an effort to repay that bond. remember the us needs to be funded by outside sources without that funding the US crashes and burns. The era of debt equals prosperity is over and a return to sound currency is on the horizon, it will not matter when you bought gold and silver or how much it cost you but it will matter by how much gold and silver you have. those in denial will suffer the most.

Most debt held by the United States is not held by "outside sources." The largest holder of US debt is the US government, most notable the social security trust fund. Total foreign investment in US debt is about 4.5 trillion. That's only about 30% of GDP, hardly the doomsday scenario you seem to believe is imminent.

Rapmaster2000: When it comes to buying gold or silver, the best buy signals are found in what we refer to as "pocket pivots."

I use tarot cards.

I just blow twice at the transaction, then wipe off the sole of my right shoe twice for a bear market, left shoe twice for a bull market. I am certain that this helps me as much as the advice in this article.

Atomic Spunk: Brontes: I just don't get the gold hate on Fark.

I do. Most anti-gold people spew their contempt for the metal for a variety of reasons. Here are a few: 1) Some people associate gold purchases with Glenn Beck and/or the tea party. 2) They feel they missed the boat on the run up, and wish for a drop in price to confirm that it was a bubble so they don't feel bad about missing out. 3) Some hate the economic doom-and-gloom scenarios that some gold bugs use to justify their gold purchases. 4) They don't understand the nature of a financial instrument (often expressed as "you can't eat gold" or some other stupid variation of that thought). 5) They don't agree that gold is a good investment so they express their displeasure in hyperbolic terms, which is common on anonymous message boards. There are legitimate reasons to feel that gold is a bad investment, but there aren't many reasons to have hatred towards gold as an investment (unless you are an environmentalist - gold mining and processing is a dirty industry).

Seriously, it's just an investment. If any gold haters honestly believe the price is going to crash, I have no problem with that if they are willing to put their own money on the line. Short gold, buy DZZ. If you shout about gold being a bubble about to pop and you don't have any money riding on it, your opinion is completely useless.

Solid post.

Anyone worried about Gold or Silver going through the floor and being a poor safe haven for your 2011 purchasing power, pick up some history books. Or ignore monetary history and go broke like so many of your ancestors did for the same exact reasons.

Your parents brought down the genes to you, it's your job not to screw up again now that your steering the economic ship. Protect yourself.

PrinceofFark: Atomic Spunk: Brontes: I just don't get the gold hate on Fark.

I do. Most anti-gold people spew their contempt for the metal for a variety of reasons. Here are a few: 1) Some people associate gold purchases with Glenn Beck and/or the tea party. 2) They feel they missed the boat on the run up, and wish for a drop in price to confirm that it was a bubble so they don't feel bad about missing out. 3) Some hate the economic doom-and-gloom scenarios that some gold bugs use to justify their gold purchases. 4) They don't understand the nature of a financial instrument (often expressed as "you can't eat gold" or some other stupid variation of that thought). 5) They don't agree that gold is a good investment so they express their displeasure in hyperbolic terms, which is common on anonymous message boards. There are legitimate reasons to feel that gold is a bad investment, but there aren't many reasons to have hatred towards gold as an investment (unless you are an environmentalist - gold mining and processing is a dirty industry).

Seriously, it's just an investment. If any gold haters honestly believe the price is going to crash, I have no problem with that if they are willing to put their own money on the line. Short gold, buy DZZ. If you shout about gold being a bubble about to pop and you don't have any money riding on it, your opinion is completely useless.

Solid post.

Anyone worried about Gold or Silver going through the floor and being a poor safe haven for your 2011 purchasing power, pick up some history books. Or ignore monetary history and go broke like so many of your ancestors did for the same exact reasons.

Your parents brought down the genes to you, it's your job not to screw up again now that your steering the economic ship. Protect yourself.



That's what makes me laugh. In a period where the central banks are printing money like no other time in modern history, there's all these people who think that their fiat money is somehow going to appreciate more over the next few years than gold will.

They are suffering from part denial, part ignorance, and part masochism.

pmdgrwr: it will not matter when you bought gold and silver or how much it cost you but it will matter by how much gold and silver you have.

There are intelligent people arguing for investment in gold in this thread. You are not one of them.

max_pooper: pmdgrwr: max_pooper: Why Yes I Am A Wizard: HotIgneous Intruder: Derp. Derpderpderp, ah, derp.
If I have $50K in cash in my strongbox, I have $50K in cash a bunch of soon-to-be worthless paper and you do not.
Ditto I do not have $50K in receipts for actual money I paid to unknown persons for gold that I do not really own because it's not in my hands.
Keep on buying the technofinancespeak, prole.
Derp.

/FTFY

Worthless? As in no value at all? Please explain how the US dollar will be worthless?

I have few more question for the goldbugs out there. If gold's ridiculous price increase in the last few years is nothing more than inflation why is gold rising faster than all other precious metals? Why aren't silver and platinum seeing the same gains? How can you explain a 33% yearly increase as only being inflation if no other commodities saw that increase?

the us dollar is debt backed by a promise. look on each bill and it say fed reserve note, a note is debt. promises have no value to them. that is why the dollar is worthless. countries are dropping the dollar for gold to back their currency, that is why the value of gold keeps going up and is supported at most price levels. the price is not a complete result of inflation, but the driving force to buy gold is because of dollar devaluation. that means if you bought bond and the likes your investment will be deminished by fed devaluation of the dollar in an effort to repay that bond. remember the us needs to be funded by outside sources without that funding the US crashes and burns. The era of debt equals prosperity is over and a return to sound currency is on the horizon, it will not matter when you bought gold and silver or how much it cost you but it will matter by how much gold and silver you have. those in denial will suffer the most.

Most debt held by the United States is not held by "outside sources." The largest holder of US debt is the US government, most notable the social security trust fund. Total foreign investment in US debt is about 4.5 trillion. That's only about 30% of GDP, hardly the doomsday scenario you seem to believe is imminent.

Watch this if you wish to know how our global Fractional Reserve Banking System system really works.

/Sleep well

impaler: John Henry Eden: In a period where the central banks are printing money like no other time in modern history,

[research.stlouisfed.org image 630x378]

Since gold is more of a worldwide commodity/investment, it'd be more fitting to compare the price of gold to the worldwide money supply. Since 1998, the correlation has been pretty strong:

Al Hashshashin: So you sold your gramma's Kruggerand then?

Nah, I'll hold on to it while she lives.