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camarodan64 (< 20)




October 13, 2009 – Comments (7) | RELATED TICKERS: GG , KGC , ABX

BUY all the gold you can, The USA actually has to bow down to the demands of China and let them import most of the raw materials so they can BOOM, in the US the citizen's will have to lower consumption, and a easy way of doing this is allowing the commodities to rise, especially OIL so when you fill up at the pump you will be thinking of saving fuel not going and burning gas for nothing driving around the state for coffee at Dunkin Donuts or Seattle Coffee

The "I AM rich" feeling people get when they are financed for a home mortgage is large, but the world now see's it was over drawn

The way to get rich is save money, not get a mortgage and then make it your goal to "pay off the house"

All i m saying is The USA may not participate in this next bull run, maybe I m wrong, when price's go up profits get larger, anyway buy all the gold you can , and some mining companies owning gold mines in different country s other than the USA

7 Comments – Post Your Own

#1) On October 13, 2009 at 11:17 AM, prose976 (< 20) wrote:

I have a relative touring China right now.  The country is a mess.  Garbage is piling higher than ever (they are now the world's biggest producer of garbage), the sun never peeks thru the sky pollution and EVERYTHING is owned by the state.

People are lauding China as the NEXT BIG THING, but reality is that the conditions are not right for China (or India for that matter) to come even close to the achievements of the U.S.  Because of their sheer numbers there are plenty of profits to be had in some of these emerging markets, but the underlying issues remain that will stunt their long-term potential.  Unless those governments open their societies, get away from the caste system and the communist rule, they will never be true leaders on a global scale.  Who in their right mind would want to move to China to live...unless you're a wealthy industrialist or business leader of some kind.  Ask the Founders of Google if they would give up their homes here and take up residence in China.  I guarantee they would visit, but never become citizens of that communist regime.

Sure, America is the "mutt" of countries, and mutts have plenty of flaws.  But ultimately, the mutt is the preferred breed or everything but frilly shows.

As far as gold goes, there is not enough of it to go around, should all its holders call in their claims.  Gold may be going up in perceived value, but so did home values in the U.S. before they took the plunge.

Tread carefully.

Fool on!

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#2) On October 13, 2009 at 12:12 PM, camarodan64 (< 20) wrote:

The real estate asset values rose from 2001-2007 as the value of the US dollar fell by over 40 percent in other currency's and at the same time Gold has risen and currently sits near all time historic highs while US real estate values have been dramatically reduced in the last 2 years, and the greenback seems to have just begun another devaluation,  Gold is not an American asset, it is a global commodity and soon "SUPER CURRENCY" so look for gold to move up who knows how high, 2,3,4,5,10, or 20 thousand a ounce as for now a bubble is not present in gold.

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#3) On October 13, 2009 at 1:21 PM, caterpillar10 wrote:

Having followed and traded in and out of gold from $35/oz to today i believe I've figured out where people get all confused - clear this up and vision sharpens - gold is only a 'commodity' in the dictionary sense which is quite secondary and misleading. Gold IS, in fact, MONEY. Once you are in the habit of looking at it like that the only question left is what kind of money would you prefer to have.

Now I've seen it drop and then go sideways for years at a time, so, I don't say bet the farm or forget about diversity or pay too damn much. For the haul, though, I simply ask; what kind of money do I prefer to have? 

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#4) On October 13, 2009 at 11:48 PM, camarodan64 (< 20) wrote:

Gold is again near a historic high in China  Oct 13 2009



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#5) On May 30, 2010 at 11:09 AM, camarodan64 (< 20) wrote:

gold is now over $1200/ounce   June 2010

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#6) On October 30, 2010 at 2:50 PM, camarodan64 (< 20) wrote:

gold hit $1375 earlier this month

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#7) On November 15, 2010 at 1:07 PM, camarodan64 (< 20) wrote:

well gold just hit $1420 a few days ago

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