Author Topic: Dollar becoming worthless!  (Read 681 times)

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Offline Matthew

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Dollar becoming worthless!
« on: November 06, 2007, 10:00:22 AM »
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  • A picture says a thousand words:

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    Offline Matthew

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    Dollar becoming worthless!
    « Reply #1 on: November 06, 2007, 10:03:23 AM »
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  • Meanwhile, Gold has been taking off like a rocketship.

    Why?

    Because the weaker the Dollar gets, more people buy Gold as a "safe haven" -- a better way to preserve one's savings over time.
    When your dollars are halving in value every 2 years, you gotta do something...

    But more than that -- when the Dollar loses value, it takes MORE OF THEM to buy an ounce of gold. It makes sense.
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    Offline gladius_veritatis

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    Dollar becoming worthless!
    « Reply #2 on: November 06, 2007, 10:24:19 PM »
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  • BUY SILVER, if you have some cash.  They are still keeping it down, but it will rise.  I am not speaking of an investment, as the whole structure will soon collapse.  It will be more of a survival thing.

    Silver is usually about 16:1 in relation to gold (at present, it is not).
    + Vincit veritas +

    Offline Matthew

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    Dollar becoming worthless!
    « Reply #3 on: November 06, 2007, 10:47:28 PM »
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  • It's even worse now!

    Another all-time low -- 75.61 as I type.

    Gold is up even FURTHER to 831! And even silver is up to $15.61 an ounce. Just a month or two ago it was around $12.

    Just a couple of months ago, gold was $660!

    Our money is becoming worthless before our eyes. The Fed has decided to destroy the dollar -- to whatever end is open for debate. But they have slaughtered it now, and it has a LONG WAY TO GO DOWN.

    Read about Zimbabwe if you want to know the future of this country.

    Matthew
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    Offline PinoyMonk

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    Dollar becoming worthless!
    « Reply #4 on: November 07, 2007, 09:08:46 AM »
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  • And what would be a good source of silver?  How is one to tell a reliable dealer from a shady one?
    "In this difficult time, to be victorious, we must be steadfast using all of our strength and capabilities like brave soldiers fully armed in the battlefield ... Whatever happens, behave in such a way that God will be glorified."

    -Saint Andrew Kim

    "


    Offline Matthew

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    Dollar becoming worthless!
    « Reply #5 on: November 07, 2007, 09:32:54 AM »
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  • How much they charge you for it.

    You look at the current "spot" price -- usually they'll tack on 30 cents an ounce (plus or minus) when you buy an ounce. And for gold, they'll tack on $6 or $8 to the spot price.

    That would be a reputable dealer.

    Matthew
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    Offline MichaelSolimanto

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    Dollar becoming worthless!
    « Reply #6 on: November 07, 2007, 04:04:46 PM »
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  • The dollar looks strong.
    God bless,
    Michael Solimanto

    Offline Matthew

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    Dollar becoming worthless!
    « Reply #7 on: November 07, 2007, 04:13:54 PM »
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  • Hahaha!  Yes, if ONLY we could read it right-to-left...
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