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Beginner's guide to investing in gold

derrybderryb Posts: 36,792 ✭✭✭✭✭
in Precious Metals
Good info for anyone new to the "game"

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Buying gold buffalos off the TV ad, the limit was 5 per household at $29.95 each (plus shipping and handling) but I'm having all my friends and relatives buy 5 each for me, too!

    The ad said these gold buffalos have gone way up and imply that they will continue to rise, so I'm really loading up on these at this bargain price! PS: what do "2 mil" and "tribute" mean?

    Liberty: Parent of Science & Industry

  • SpoolySpooly Posts: 2,108 ✭✭✭
    Gold Buffalo's off TV...... pure .15mil Gold Clad Coin! image Back up the truck!
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Good article derryb.... I will refer some of my friends to this, since they have been asking about the subject recently. Thanks.
    Cheers, RickO
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I will refer some of my friends to this, since they have been asking about the subject recently

    Yes, this is a sign of a healthy market. When an asset goes up six-fold in a few years, a lot of people who never had an interest in the subject start to invest. That almost never signals a top in a market image

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    When an asset goes up six-fold in a few years, a lot of people who never had an interest in the subject start to invest. That almost never signals a top in a marketimage

    Substitute the words "the amount of money creation" for "an asset" in the above statement, and what do you get?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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