nobody's_hero
11-04-2010, 04:07 PM
Disclaimer: I'm no economist. So if you're an economist and you disagree with the title, pay it no mind. But let me ask this:
What do you guys think of gold's near immediate mimmicking of the actions of the Federal Reserve this week? Have we reached 'critical mass'?
I wish I had bought gold over two years ago, before I started back to college and had enough money Fed reserve notes to purchase at least some gold. It looks like nearly ANY metal is now worthwhile if you are just interested in stopping the hemmorhage of purchasing power of your savings account.
I'm not much on conspiracy theories, but I'd have to be a damn fool not to believe that the timing of Bernanke's $600 Billion decision this week was somehow connected with the election—I haven't yet made up my mind on who exactly would stand to benefit from this, or how, but it won't be the American people, that's for sure.
But even more interesting is the near-simultaneous jump in gold's price. In the past, it seemed as though Bernanke was able to print the money, gold would stay somewhat 'stable' (for at least a while), and then everyone would point to that and say, "See, we can print all the money we want and it has no effect in relation to gold." (I simplified their statements a bit, but you know what I mean: it was some typical idiotic denial of supply/demand laws). But precious metals seem to be running on Bernanke's heels now. And you'll be hard pressed to see how the commodities did today because all the articles on MSM website's business pages are slam full of articles railing about how the stock markets are "soaring" and businesses are optimistic. In other words: we're about to get f***ed, again.
Once you share your two cents on that, I have another question:
I know that a lot of people on here say choose 'gold' over 'silver', but I'm about to close out an (old, unused) bank account so understand that I'll only have about $300 to buy anything with at this point in time.
Could anyone recommend a good place to purchase silver and please share your experience on why you were satisfied with your decision (good reputation, good price, good service, etc.)?
I don't want to go google-gambling and end up with fool's gold (or silver, in my case).
What do you guys think of gold's near immediate mimmicking of the actions of the Federal Reserve this week? Have we reached 'critical mass'?
I wish I had bought gold over two years ago, before I started back to college and had enough money Fed reserve notes to purchase at least some gold. It looks like nearly ANY metal is now worthwhile if you are just interested in stopping the hemmorhage of purchasing power of your savings account.
I'm not much on conspiracy theories, but I'd have to be a damn fool not to believe that the timing of Bernanke's $600 Billion decision this week was somehow connected with the election—I haven't yet made up my mind on who exactly would stand to benefit from this, or how, but it won't be the American people, that's for sure.
But even more interesting is the near-simultaneous jump in gold's price. In the past, it seemed as though Bernanke was able to print the money, gold would stay somewhat 'stable' (for at least a while), and then everyone would point to that and say, "See, we can print all the money we want and it has no effect in relation to gold." (I simplified their statements a bit, but you know what I mean: it was some typical idiotic denial of supply/demand laws). But precious metals seem to be running on Bernanke's heels now. And you'll be hard pressed to see how the commodities did today because all the articles on MSM website's business pages are slam full of articles railing about how the stock markets are "soaring" and businesses are optimistic. In other words: we're about to get f***ed, again.
Once you share your two cents on that, I have another question:
I know that a lot of people on here say choose 'gold' over 'silver', but I'm about to close out an (old, unused) bank account so understand that I'll only have about $300 to buy anything with at this point in time.
Could anyone recommend a good place to purchase silver and please share your experience on why you were satisfied with your decision (good reputation, good price, good service, etc.)?
I don't want to go google-gambling and end up with fool's gold (or silver, in my case).