Intelligence

[Explosive]

I'll cash out in to cash. I would probably call it hard money. You can't buy a house with gold and silver, so cash it is.

Gold is not a currency, it is real money. Cashed out into what ?

You can buy a house with anything of value as long as both parties are happy. All lawyers accept gold

[HALODIN]

Buying a house can take 3+ months, the price of gold could plummet by the time I complete on the sale. Gold isn't a panacea, it's just a means to an end IMO. Goldbugs are the worst market timers ever, because they hold forever. Don't get caught holding a hot potato.

You can buy a house with anything of value as long as both parties are happy. All lawyers accept gold

[Explosive]

In my opinion the underlying metal could be sourced if required. It was these sort of statistics that stopped me selling in 2011, I wish I hadn't listened...

You bought in at the wrong time, and chose the more volatile metal which made matters worse. You think you lost out because your mind is wired in $. There will come a time in the not to distant when silver will be worth more ( in $ :) ) than what you paid for it. The fiat currency thing is just a mind game.

[Explosive]

Buying a house can take 3+ months, the price of gold could plummet by the time I complete on the sale. Gold isn't a panacea, it's just a means to an end IMO. Goldbugs are the worst market timers ever, because they hold forever. Don't get caught holding a hot potato.

You can buy a house with anything of value as long as both parties are happy. All lawyers accept gold

The value of $ could plummet overnight as well. I have seen it happen when I have bought and sold houses.

I bought gold last Friday. The money I bought it with was sitting in my bank account losing value every day. There was nothing to lose.

[HALODIN]

I didn't, I bought in at the absolute bottom @ $9/oz and even though I should have sold earlier for higher gains, I still made 220% profit. You can't get that in a bank or anywhere else. Not sure why you think I lost out.

You bought in at the wrong time, and chose the more volatile metal which made matters worse. You think you lost out because your mind is wired in $. There will come a time in the not to distant when silver will be worth more ( in $ :) ) than what you paid for it. The fiat currency thing is just a mind game.

[HALODIN]

It will be the same as 2009, the world's debts are mostly denominated in USD. USD will be in high demand as the crisis returns. The dollar will crash but not for maybe 3 years when it loses it's reserve status. Until then, the dollar is in a multi-year bull market.

The value of $ could plummet overnight as well. I have seen it happen when I have bought and sold houses.

I bought gold last Friday. The money I bought it with was sitting in my bank account losing value every day. There was nothing to lose.

[Explosive]

I didn't, I bought in at the absolute bottom @ $9/oz and even though I should have sold earlier for higher gains, I still made 220% profit. You can't get that in a bank or anywhere else. Not sure why you think I lost out.

My bad, I got the impression that you bought it at around it's peak $ price. If you made 220% $ profit then what is your problem with silver ?

What are we discussing here ?

[Explosive]

It will be the same as 2009, the world's debts are mostly denominated in USD. USD will be in high demand as the crisis returns. The dollar will crash but not for maybe 3 years when it loses it's reserve status. Until then, the dollar is in a multi-year bull market.

Gold will certainly rise as people lose their confidence in paper, I think that will happen a lot sooner than 3 years, but even if I am wrong I can easily wait 3 years.

Gold has been money for at least the last 5000 years, 3 years is nothing.

[HALODIN]

The only problem I have with silver is it went down in price...

If you made 220% $ profit then what is your problem with silver ?

What are we discussing here ?

[Explosive]

The only problem I have with silver is it went down in price...

It's manipulated by the powers that be, what do you expect ? The price is low... almost or lower than production costs.




The banks are hoarding precious metals, why do you think that is ?