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Gold investment system sucks

Discussion in 'The Shit List' started by BHapprentice33, Oct 9, 2008.

  1. BHapprentice33

    BHapprentice33 Newbie

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    Ever since about this time last year I've been looking for a method to invest in gold because after all gold is the only real money and the coming crash of the us dollar was foreseen a lot of years ago. and when that happens sobs are going down

    I was looking for a guide like this because I thought it would make it easier to have some gold but what twat that wrote the guide is basically saying is that you should go around LOOKING FOR PEOPLE and try to talk them out of their gold. some system it fuck1ng SUCKS I hope swearing isn't banned in the forum. I was really dissapointed when I read it. :( because I really thought this was a arbitrage business. good thing I didn't pay for it or I'll be really pissed off.

    If you want to invest in gold I would advise you to do whatever is on your power to invest about a YEAR ago

    well now with that out of my chest I will keep searching for a way to get my hands on some gold and some real money and not that FIAT currency when I actually find something that works I'll put it in the download section I'll keep you posted.
     
  2. da buck

    da buck Regular Member

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    Don't invest in gold. It has been increasing in prices too fast over the last couple of years. If you want to invest long term, start researching stock in companies that are fiscally responsible. Now is definitely the time to buy if you can wait 5-10 years for the big payoff.
     
  3. BHapprentice33

    BHapprentice33 Newbie

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    with the death of the us dollar on the way? I don't think so besides the us is a sinking ship and gold is the only life vest and those stocks can well go down to zero if something like that bank failure happens again and I assure you it will.

    Gold will never go down to zero. there a new stock market crash like the one 1929 on the way I wouldn't invest in companies if they promised me a million bucks

    It's precisely because it has incresead in price too fast over the last couple of years why you need to invest.
     
  4. misterajc

    misterajc Registered Member

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    Gold peaked about March of this year, and has been going downwards and sidewards since then. See http://www dot goldprice dot org/gold-price-history dot html If you want a long term investment play, now would be a good time to buy alternative energy stocks.
     
  5. da buck

    da buck Regular Member

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    Gold can't keep increasing in value if the dollar is on the decline. Also, the majority of people who lost money in the stock market crash, lost because they either sold or were invested in poor companies. People who stayed in the market until the mid to late 1930's made considerable profit.
     
  6. yuppy

    yuppy Regular Member

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    Gold hath peaked. Its time to pump as much money as you can into the market because we are going to see a record gain from this point today until this point next year.
     
  7. BHapprentice33

    BHapprentice33 Newbie

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    Gold is the only thing that preserves it's value of course gold can increase if the dollar is failing the price of gold is used to determine the inflation

    The price of things in terms of gold hasn't changed but in fiat currency has doubled or cuaduple because of inflation

    of course gold hasn't peaked it's just the beginning of the bull market that will last for years to come.
     
  8. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    Actually its a really good course if you know how to apply it. basically for those who haven't read it:

    Buy gold locally from people who want to sell it. Buy it for half the spot price.
    Sell to refineries for 94% spot price, get half cash & half gold bullion.

    Since you bought it half price it costs you nothing really. You get your money back (initally paid for the gold), and you get most of the gold. Thus, free gold.

    For those who are saying don't invest in gold ... i bet you're not investing in real estate either? ;)

    Now is *THE* best time to get into the business. I'll let you figure out why, but there is 1 soild, perfect reason to do it.
     
  9. busterhymen

    busterhymen BANNED BANNED

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    Better hope you didnt buy the farm today. Lets put it like this. Go back 10 years. Look at the market today and look at gold today. It will be the same way in 10 years from now.

    Gold is the place to put your money. Will it drop to $500 yes. once the market and the US dollar rises ( which it will ). Gold will first go to $1200 before the market comes back up. Stay long in Gold at $1175 and sell to $605. Youll be rich in 5 years.