worthwhile

I've touted the coming economic colapse for a few years, and started buying gold under 400/oz. The "do you pay enough" thread led me to post this here. I think it's a worthwhile read.

http://www.usagold.com/amk/disturbingtrends2009.html>>>

---I recently met with a rep. at the Northwest Territorial Mint located nearby. They are brokers for precious metals and you can check their webpage to learn who they are. It is nice for me to actually go to their site and talk in person to a rep. ---He said they are 6 to 12 weeks backordered. He showed me a check for over $1,00,000 that had come in earlier that day for gold bullion. (No I didn't see the name on the check) This was just an illustration of how much demand there is right now. ---I lean towards silver, the "poor man's gold." I recommend silver US pre 1964 halves. Silver dollars have too much premium, ie value above bullion price. Silver coinage has been going for around 10x face. ---It is my opinion that gold is undervalued. The dollar has lost value and will continiue to do so due to the Gov't policy of printing dollars. You cannot print dollars without the dollars losing their value against hard assets. That is exactly what created the real estate boom. Easy credit created an increase in the amount of money competing for real estate. That drove prices up which are now coming down to earth and reality. The real estate boom was artificial and created by the Feds easy money policy. Gold will go up just as real estate did. Only in this case the dollar may never recover. ---If you buy anything make sure you take physical possession rather than having it held for you in some vault. Also, never tell anyone. Contrary to this thread never tell anyone that you have any gold or silver. The uncertain future creates a high risk for anyone owning anything of value. ---Traditionally gold has always been for "asset protection" not "asset expansion." That is, it is not an investment to make money with. Today may be a rare exception to that maxim because of unprecedented inflation right around the corner. That remains to be seen, however. Lanny>>>

Yesterday gold spiked at an all time high. Hope you did'nt "just" start buying it Mike. If you did you may want to sell it to minimalise any loss.

Edit: Re-read your thread and see that you have been buying it at under $400 an ounce. My mistake. Good call. >>>

Mike H, Didn't read the articale yet, but I was a little later than you were, still bought some gold at about $625 ounce. I only wish I had more capital to spare at the time, as I could only spend a minimal amount. I still think I bought it just to look at it, not enough to retire or anything.>>>