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Reply #38: Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity [View All]

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Yavin4 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 12:59 PM
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38. Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity
Societies are built around and depend upon institutions, the government, the banks, the media, colleges and universities, civic organizations, and yes, religious institutions as well. In order for these institutions to properly serve the public, they have to be run by people with the utmost integrity.

Today, we have the polar opposite. Institutional leaders only care about enriching themselves and their small cabal of associates. They don't give a good damn if your 401K tanks, if you lose your home, if you lose your job, or if you don't have health care. They only care about themselves and how to enrich themselves even further.

The hyper greed system that they've created is unsustainable. When hedge fund managers and some bankers make billions of dollars a year even though there's 9% unemployment and no new creation of industries nor technological innovation, then you know that they're doing it by pure manipulation of dollar based assets. They're debasing your savings, your retirement funds, and your jar full of pennies to enrich themselves at your expense.

Your only protection is in precious metals, gold and silver. Gold and silver are the only things that can survive the years of economic turmoil ahead.
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  -You LAUGHED when they said gold would reach 2,000. dixiegrrrrl  Aug-08-11 12:03 PM   #0 
  - Is there actually enough Gold to meet demand?  Renew Deal   Aug-08-11 12:04 PM   #1 
  - Lawyers make some gold ? n/t  PoliticAverse   Aug-08-11 12:06 PM   # 
  - I've *heard* that gold is over-sold by at least several times its actual amount.  phantom power   Aug-08-11 12:06 PM   #2 
  - paper contracts are oversold versus physical 100 to 1, at least  stockholmer   Aug-08-11 12:13 PM   #4 
  - oversold just like mortgages, sounds like.  dixiegrrrrl   Aug-08-11 12:13 PM   #5 
     - oversold like an overbooked aircraft. n/t  Po_d Mainiac   Aug-26-11 01:50 AM   #78 
  - if all ask for physical delivery (and so many think they can, but their contracts state otherwise)  stockholmer   Aug-08-11 12:15 PM   #7 
  - Not a good time to wear gold jewelry.  aquart   Aug-08-11 12:12 PM   #3 
  - Well, still not 2000. Not even 90% of that.  n2doc   Aug-08-11 12:14 PM   #6 
  - crow?? I bought so so much gold and silver at under 350 US and 5 US/oz, respectively  stockholmer   Aug-08-11 05:08 PM   #22 
     - I have gold bought sub $200 in the 1970's  n2doc   Aug-08-11 05:16 PM   #24 
     - upon 2nd look, I do believe I misread the intent of your post, & I apologize if I came off as an ass  stockholmer   Aug-08-11 05:24 PM   #25 
        - And I do apologize as well.  n2doc   Aug-08-11 05:55 PM   #27 
           - silver is a really good buy right now, its lagging gold substantially, its historic ratio is 16 to 1  stockholmer   Aug-08-11 07:24 PM   #28 
              - The "historic" ratio of 16:1 is a myth  Art_from_Ark   Aug-24-11 01:21 AM   #67 
                 - 16:1 is the approx. ratio that the two elements are found in the Earth's crust  Po_d Mainiac   Aug-25-11 01:17 PM   #70 
                    - Put it this way  Art_from_Ark   Aug-25-11 07:23 PM   #71 
                       - go back a few more hundred years n/t  Po_d Mainiac   Aug-25-11 08:51 PM   #73 
                          - The silver-to-gold ratio when the US first started minting coins was 15:1  Art_from_Ark   Aug-25-11 09:06 PM   #74 
                             - Not the point.. ferget about mints and coins  Po_d Mainiac   Aug-26-11 01:24 AM   #76 
                                - That's a very big IF  Art_from_Ark   Aug-26-11 02:24 AM   #79 
                                   - Even in the current state of the world economy  Po_d Mainiac   Aug-26-11 06:54 AM   #80 
     - You make a good point about buying while dollar has any value at all.  dixiegrrrrl   Aug-14-11 07:47 PM   #52 
     - Did the same in stocks at  dmallind   Aug-15-11 11:36 AM   #54 
  - First time in 10 years my IRA went up is by betting Against America..  mackdaddy   Aug-08-11 12:16 PM   #8 
  - buying gold and silver to preserve wealth is NOT betting against the USA, it is a response to the  stockholmer   Aug-08-11 12:29 PM   #10 
  - for all naysayers and 'gold is in a bubble' sheeple, read on ---->  stockholmer   Aug-08-11 12:22 PM   #9 
  - +100000000000000 Wish I could rec your post! n/t  BeHereNow   Aug-08-11 03:02 PM   #14 
  - 2011 auto now takes less than 17 ounces of gold to buy,based on present price,so the $ debasement  stockholmer   Aug-08-11 03:34 PM   #16 
  - Currencies are NOT the only alternative investment to gold  golfguru   Aug-08-11 04:17 PM   #18 
  - According to gov't figures, there is NO inflation  dixiegrrrrl   Aug-09-11 10:10 AM   #35 
     - Hehe my lying eyes !  golfguru   Aug-09-11 02:02 PM   #39 
  - Interesting idea  pscot   Aug-10-11 03:40 PM   #43 
  - Goldman Sachs says 2500 12 months nt  daa   Aug-08-11 12:54 PM   #11 
  - I heard "futures" mentioned  Thav   Aug-08-11 01:05 PM   #12 
  - I wasn't laughing, I just said it was a dumb thing to invest in  Warpy   Aug-08-11 02:53 PM   #13 
  - ridiculous, your reasoning is so fundamentally flawed in its levels of analysis  stockholmer   Aug-08-11 04:21 PM   #19 
     - How very odd.  Warpy   Aug-08-11 04:48 PM   #20 
        - Oh, for crying out loud-- gold is NOT a rock  Art_from_Ark   Aug-08-11 07:41 PM   #29 
  - K&R Dixiegrrrrl!  BeHereNow   Aug-08-11 03:02 PM   #15 
  - So why are we bombarded every day by  golfguru   Aug-08-11 03:59 PM   #17 
  - the last bubble was 30 plus years ago, and if you are paid and invest in fiat US dollars, inflation  stockholmer   Aug-08-11 05:02 PM   #21 
  - I made 20% profit on stock trades during last 12 months.  golfguru   Aug-08-11 11:02 PM   #30 
     - I am not saying that you cant make money in equities, but 80 to 90% of traders lose money  stockholmer   Aug-09-11 10:47 AM   #36 
        - I rely a lot on seasonality  golfguru   Aug-09-11 12:29 PM   #37 
  - Dealers make money volume selling  Art_from_Ark   Aug-09-11 01:38 AM   #32 
     - back when housing was in bubble  golfguru   Aug-09-11 03:58 AM   #34 
  - Yep.  girl gone mad   Aug-08-11 05:13 PM   #23 
  - I have been trying to make that point myself  Art_from_Ark   Aug-09-11 12:07 AM   #31 
  - Beck's scam wasn't just gold.  JoeyT   Aug-09-11 02:31 AM   #33 
  - You're Correct  Po_d Mainiac   Aug-10-11 01:40 AM   #40 
  - Selling them on numatismic fantasy value.  AtheistCrusader   Aug-30-11 09:44 PM   #82 
  - Ah the good old days of May..Where are those fools now  Po_d Mainiac   Aug-10-11 01:41 PM   #42 
     - same place as the fools who said the DJIA going back above 8000 was a "dead cat bounce"? nt  dmallind   Aug-15-11 11:44 AM   #55 
        - Take away QE and the cat would have stayed dead n/t  Po_d Mainiac   Aug-15-11 12:05 PM   #56 
           - pfffttt. nt  dmallind   Aug-15-11 12:55 PM   #57 
              - All the gains since Bretton Woods  Po_d Mainiac   Aug-18-11 07:42 AM   #62 
  - I have heard projections of $2800-$3000.  roamer65   Aug-08-11 05:50 PM   #26 
  - Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity  Yavin4   Aug-09-11 12:59 PM   #38 
  - $1777 now. You might get your wish (2K) this week n/t  n2doc   Aug-10-11 10:08 AM   #41 
  - 1807. nt  Mojorabbit   Aug-10-11 07:04 PM   #44 
  - Almost $14.00 above platinum  era veteran   Aug-10-11 07:58 PM   #45 
  - again... I took so much flack for buying it at $743  upi402   Aug-11-11 12:09 AM   #46 
  - Very nice buy! Now if you can lock in your profits  golfguru   Aug-11-11 06:54 PM   #47 
     - Gold Is Not A Bubble  Yavin4   Aug-11-11 11:01 PM   #48 
        - The dollar is not in a bubble, either.  girl gone mad   Aug-12-11 01:39 AM   #49 
        - Inflation is Tame Right Now Because of High Unemployment  Yavin4   Aug-12-11 08:34 AM   #51 
           - I'm seeing how worthless the dollar is  Art_from_Ark   Aug-16-11 06:55 AM   #59 
        - Gold is not in full blown bubble now but will be at $2300  golfguru   Aug-12-11 02:03 AM   #50 
           - I see that $2300 figure bandied about a lot,  Art_from_Ark   Aug-16-11 07:10 AM   #60 
              - $2.3K is the 'adjusted for inflation' figure n/t  Po_d Mainiac   Aug-19-11 05:14 PM   #64 
                 - I realize that  Art_from_Ark   Aug-24-11 12:12 AM   #66 
  - Very good and thought provoking comments, I really appreciate all points of view.  dixiegrrrrl   Aug-14-11 08:13 PM   #53 
  - You are the brainy one!  golfguru   Aug-15-11 04:41 PM   #58 
     - awwwwwwww...shucky dern..........  dixiegrrrrl   Aug-16-11 08:30 PM   #61 
  - I didnt laugh  AbortiononDemand   Aug-19-11 11:09 AM   #63 
  - 1909  abelenkpe   Aug-22-11 07:04 PM   #65 
  - Way overdue for a correction. Wouldn't you agree?  OllieLotte   Aug-24-11 07:34 PM   #68 
  - It went up too far too fast  Art_from_Ark   Aug-25-11 01:38 AM   #69 
     - We need to have a Jackson Hole thread Friday, don'tcha think?  dixiegrrrrl   Aug-25-11 07:59 PM   #72 
        - Absolutely  Art_from_Ark   Aug-25-11 09:11 PM   #75 
        - IB claims another margin increase coming  Po_d Mainiac   Aug-26-11 01:48 AM   #77 
        - So what happened in Jackson Hole?  Art_from_Ark   Aug-27-11 02:12 AM   #81 
  - This chart says it all.........  golfguru   Aug-31-11 02:08 PM   #83 

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