Reply #9: for all naysayers and 'gold is in a bubble' sheeple, read on ---->

[stockholmer]

All global fiat currencies are being utterly debased and destroyed right before your eyes. Throughout history, every single fiat currency has collapsed in a violent plummet. Every one. This time will be no different.

Even If you were ONLY buying into the teeth of the manic parabolic gold bubble of January/February 1980, you would have been in the black since 2007, if you were buying in 1977, 1978, and the first half of 1979 you were ALWAYS in the black, and if buying in 1982 to 1985 (and almost all of the rest of the 1980's), you were in the black from 2005 onwards. If you had been buying from the end of 1997 up until 2005, you would have seen huge profits of over 300 to 600 percent already, just in gold. Silver is even more dramatic in its rate of return, even with the very recent pullback from $47/$49 an ounce to $40 an ounce.

Gold has increased by double digits as a percentage gained for the last 10 years in a row. Can you say the same of the NASDAQ? The Dow? The S&P? The US dollar? US Treasuries? The average US IRA? LOL! How about your paycheck? How about the value of the average American house? Not so funny, is it?


I have been long gold AND silver since 1998 and 1999 (in physically-held, allocated non-bank secure vault accounts), when the US trashed the Glass–Steagall Act and legalized derivatives under the Clinton/Rubin/Greenspan troika. I have an average gain of over well over 350%, whilst the Dow is utterly stagnant from the tech bubble crash of early 2000 till now. In fact, it is off greatly, due to inflation, and many who were crushed in the stock crash of 2008-2009 pulled out, locking in huge losses that they could have somewhat recovered in the QE 1 and QE 2 fueled bubble that is now unraveling. Check back with me in 3 or 4 years when those 350% figures are closing in on 1000+% profits.

In 1970, the average US car cost $3900 and took 114 ounces of gold to buy. In 2011, that same car is around $29,000 yet takes less than 19 ounces of gold to buy. Hello dollar debasement!


great source of info on precious metals (interviews with billionaires, 40 to 50 years-in-the-game traders, etc)

http://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html