Author Topic: Dollar becoming worthless! (Read 830 times)

Matthew · « **on:** November 06, 2007, 10:00:22 AM »

A picture says a thousand words:

Matthew · « **Reply #1 on:** November 06, 2007, 10:03:23 AM »

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.

gladius_veritatis · « **Reply #2 on:** November 06, 2007, 10:24:19 PM »

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).

Matthew · « **Reply #3 on:** November 06, 2007, 10:47:28 PM »

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

PinoyMonk · « **Reply #4 on:** November 07, 2007, 09:08:46 AM »

And what would be a good source of silver? How is one to tell a reliable dealer from a shady one?

Matthew · « **Reply #5 on:** November 07, 2007, 09:32:54 AM »

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

MichaelSolimanto · « **Reply #6 on:** November 07, 2007, 04:04:46 PM »

The dollar looks strong.

Matthew · « **Reply #7 on:** November 07, 2007, 04:13:54 PM »

Hahaha! Yes, if ONLY we could read it right-to-left...