Buying Gold | Why buy gold?, page 1 - Above Top Secret | News2Gold

Buying Gold | Why <b>buy gold</b>?, page 1 - Above Top Secret | News2Gold

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• Why <b>buy gold</b>?, page 1 - Above Top Secret
• <b>Gold</b> remains up on sustained <b>buying</b>; silver recovers | Latest News <b>...</b>
• Commodity-Backed Currencies? China <b>Buys</b> Huge Copper Mine <b>...</b>
• <b>Buying Gold</b> & Silver At These Prices Is Very Safe Investment

Why <b>buy gold</b>?, page 1 - Above Top Secret Posted: 15 Apr 2014 10:09 PM PDT posted on Apr, 16 2014 @ 12:09 AM I didn't know where to post this, so if this is the incorrect forum mods can you please re-locate it. My question is why do people here this it is a good idea to buy gold? Personally I think it is pretty stupid, even as a long term investment strategy. So many times have I seen people here "claim" they have put the majority of their savings into gold. I doubt this is true, because this means you are often buying gold at its peak, around $1200, only to have it settle at 60% or so lower than that. Gold really is a stupid investment strategy for poor people that don't know any better and think the currency is going to collapse, or that the share market is somehow rigged.You are better off putting your money into buying Berkshire Hathaway class B shares which is actually backed by a diversified portfolio of sustainable, long term, consistent growth shares. The only time gold really spikes is when poor people get scared they will lose their life savings (in the event of a recession for example) and put their money into gold. If you can predict peoples periodic stupidity you probably could make a killing off gold. So basically, ATS (specifically those buying gold), why are you dumb and why don't you do your own research instead of listening to people like Alex Jones? Is it because you hate money? Please explain.

<b>Gold</b> remains up on sustained <b>buying</b>; silver recovers | Latest News <b>...</b> Posted: 17 Apr 2014 04:10 AM PDT New Delhi, Apr 17: Gold prices advanced further by Rs 120 to Rs 30,250 per 10 grams in the national capital Thursday on sustained buying by stockists and jewellers to meet the ongoing marriage season demand. Silver also recovered by Rs 200 to Rs 43,200 per kg on increased offtake by industrial units. Bullion merchants said sustained buying by stockists and jewellers to meet the ongoing wedding season demand mainly kept gold prices higher. On the domestic front, gold of 99.9 and 99.5 per cent purity advanced by Rs 120 each to Rs 30,250 and Rs 30,050 per 10 grams, respectively. It had gained Rs 130 Wednesday. Sovereign continued to be asked at last level of Rs 25,000 per piece of eight grams. Silver ready recovered by Rs 200 to Rs 43,200 per kg and weekly-based delivery by Rs 210 to Rs 42,240 per kg. The white metal had lost Rs 900 in the previous two sessions. Meanwhile, silver coins maintained steady trend at Rs 81,000 for buying and Rs 82,000 for selling of 100 pieces. Modified Date: April 17, 2014 4:40 PM

Commodity-Backed Currencies? China <b>Buys</b> Huge Copper Mine <b>...</b> Posted: 14 Apr 2014 05:24 AM PDT The last few days have seen Western anti-Russian rhetoric and red lines escalate dramatically as the military and economic issues come to light in any push back against Putin's pressure. From NatGas export fallacies to "boomerang"-ing sanctions, the west seems stuck (for now).. which brings up the question - why is China and Russia making huge investments in commodity-miners? Russia's largest gold miner Polyus Gold is considering a complete onshoring of its activities and China is buying a huge Peruvian copper mine from Glencore. The outcome would appear to enable both firms to do away with USD but not having to buy this resource in the market... just mine it? Russia is onshoring its commodity miners... Polyus Gold, Russia's biggest gold miner, is considering state proposals to encourage the rebasing of Russian firms currently owned by offshore entities and intends to explore these issues with the government, the company said on Friday. ... Russian President Vladimir Putin has been pushing for the so-called "de-offshorisation" of the Russian economy, whereby companies with offshore entities re-register them in Russia and pay taxes in Russia. ... Earlier this week First Deputy Prime Minister Igor Shuvalov urged companies listed on foreign stock exchanges to consider relisting in Moscow to protect themselves from sanctions imposed by the West over Russia's annexation of Crimea. Polyus's biggest shareholder is Russian tycoon Suleiman Kerimov, who owns 40.22 percent. and China is buying commodity miners... A Chinese consortium is buying Glencore Xstrata's copper mine in Peru in a $6bn (£3.6bn) all-cash deal, marking one of China's largest mining acquisitions. The consortium is led by MMG Limited and includes China's Citic Metal. The acquisition is subject to regulatory approvals but all parties expect the deal to be done by the end of September. Analysts expect Glencore to use the proceeds from the sale to reduce its debt. The mine is expected to produce more than 450,000 tonnes of copper a year in its first five years. China relies heavily on the metal, which is used in electronics production. Another peg in the anti-USD hegemony board? Shift each nation's need to use USD to purchase critical resources and instead own them away from control by western states...? Of course, in the case of China's copper mine acquisition, one can't help but wonder if - on theback of the collapse in commodity-finance deals - whether China simply bought the mine to shut it down and maintain artificially high copper prices and thus keep collateral chains from crumbling in the shadow banking system. Average: Your rating: None Average: 4.8 (16 votes)

<b>Buying Gold</b> & Silver At These Prices Is Very Safe Investment Posted: 15 Apr 2014 07:05 AM PDT Thank you to all of our readers who sent in comments today supportive of David's article on Backwoods Jr.  To be clear on the matter, I have no issue with anyone whose beliefs are different from ours.  We are, after all, in the minority. But I take offense when someone makes insulting remarks and mocks anyone who would actually pay for being told to buy gold and silver, investments that he gleefully points out have lost a great deal of money lately. But it was O.K. for Backwoods Jr. to hold onto his large blue chip stock portfolio -during two massive sell-offs in the 2000s.  It's laughable that Jr. is in his stocks for the long-haul but we who own gold are foolish for doing the same thing. I can't speak for all of the financial writers and sellers of precious metals, but I suspect most are very serious about what they write and the recommendations they make.  They believe deeply and with great conviction in what they present to the public.  I know for a fact that this is exactly what goes on at Miles Franklin. I take GREAT OFFENSE that Backwoods Jr. accuses people like John Williams, Paul Craig Roberts and Bill Holter of using scare tactics to sell gold and silver in order to sell product. There is a "put" on gold and silver.  They cannot sell for less than cost of production for any prolonged period of time, and today's prices are below the level necessary to explore for new metal.  Buying gold and silver at these prices is a very safe investment, one with limited downside and unbelievable upside potential.  The stock market is in bubble territory and legendary stock market guru Richard Russell warns his readers to lighten up now – and to buy gold.  I've followed Russell for 30 years and when he speaks, I pay attention. Similar Posts:

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