Comments on Market Skeptics: Deflation will be in terms of gold, like in 1929

I don't really know anything, but in my ignorant o...

2009-06-11T12:57:06.785-07:00

I don't really know anything, but in my ignorant opinion I don't think Gold is gonna be the answer in the end. I think it is gonna be such a HUGE shift in every economic way when the dollar collapses that only things with real value will be worth anything. Why does Gold have value? I think it is gonna be oil. That will be the currency of the future in my opinion or something like that that has actual value.

Buying second hand gold jewelry might be cost effe...

2008-11-20T19:22:00.000-08:00

Buying second hand gold jewelry might be cost effective way to invest in gold. However, if you buy new jewelry from a retailer you will be paying a significant premium for the gold content of that jewelry.

Why not consider buying gold jewellery which is ve...

2008-11-20T14:26:00.000-08:00

Why not consider buying gold jewellery which is very common in my town as a form as investment. Supply is good and you have the real gold straight away and it can be sold back with no problems.

Hell no to the Mexicanadians! Death to the NAU.

2008-11-19T01:58:00.000-08:00

Hell no to the Mexicanadians! Death to the NAU.

Thanks. Comex sounds like a huge risk. Did reali...

2008-11-18T23:48:00.000-08:00

Thanks. Comex sounds like a huge risk. Did realize it was futures and truly Wall Street.

Yes, Comex gold is different than "digital gold".W...

2008-11-18T22:52:00.000-08:00

Yes, Comex gold is different than "digital gold".

With "digital gold", you give your money to a third party (bullionvault or GoldMoney) which then uses it to buy and store gold for for you.

COMEX gold works differantly. An investor deposits 10 ounces of gold into COMEX vaults (10% of contract) and then sell a contract to deliver 100 ounces at some future date. So a COMEX gold future contract is backed by 10% gold and 90% IOU. Since the biggest sellers of COMEX gold are insolvent commercial banks, it is a very unsafe investment.

I was seriously considering bullionvault.com but w...

2008-11-18T17:01:00.000-08:00

I was seriously considering bullionvault.com but was concerned that they would have the same problem as COMEX. Is Comex different than what's called digital gold.

You can also buy Gold at http://www.bullionvault.c...

2008-11-18T13:58:00.000-08:00

You can also buy Gold at http://www.bullionvault.com/#ONLINEGOLD , they are pretty good, and you actually own the Gold in a vault either in Switzerland, US or UK, your choice. They also have no debt, but they use a little known English law so that even if they did go broke, the Gold is actually not their property, but yours, so it would have to be transfered back to you.

Don't worry, Gold stocks will rally along with gol...

2008-11-16T21:07:00.000-08:00

Don't worry, Gold stocks will rally along with gold prices when the dollar collapses.

http://www.marketskeptics.com/2008/11/important-info-to-know-about-gold.html

Can anyone answer the question about how a dollar ...

2008-11-16T13:49:00.001-08:00

Can anyone answer the question about how a dollar crash will affect gold mining stocks like (AUY)? Will these stocks rally when the dollar falls or will the entire market collapse, with the dollar?

Another good source for gold coins is: http://www....

2008-11-16T09:18:00.000-08:00

Another good source for gold coins is:

http://www.ccsilver.com/gold/gbullioncm.html

There are coin shows held throughout the nation on...

2008-11-16T08:33:00.000-08:00

There are coin shows held throughout the nation on a near-weekly basis. you will pay a premium for gold coins, but you can put them in your hand immediately. these transactions are also untraceable and private. For those unaware of pending coin show dates and locations, link to "www.numismaster.com" and
clink on "calendar".

As you mentioned stocks won't be the place to be, ...

2008-11-06T14:51:00.000-08:00

As you mentioned stocks won't be the place to be, however, what about gold stocks (i.e. AUY)? I'm already down so much that getting out now will wipe me out. Do you see a recovery in gold stocks once gold shoots up?

Did you try tulving.com? Although he has a 20 Ozs...

2008-10-30T15:45:00.000-07:00

Did you try tulving.com? Although he has a 20 Ozs Minimum for Gold Bullion, he ships within 24 hours. (he doesn't advertise so most people don't know about him)

http://www.tulving.com/goldbull.html

(For quantities smaller than 20 Ozs, I don't know where to get them without a 10+ week delay, besides ebay.)

Thank you for your answer. The problem is that it'...

2008-10-30T06:16:00.000-07:00

Thank you for your answer. The problem is that it's hard to get real, physical gold right now. If we have to wait, say weeks, or even longer, before the gold dealer has something to sell, it might be too late if the dollar crash comes first. Scary times.

"Buy euros or Swiss francs, or something like that...

2008-10-29T11:20:00.000-07:00

"Buy euros or Swiss francs, or something like that?"

No, I wouldn't buy euros or Swiss francs. As I mentioned before, the value of paper currencies is determined by the financial strength of the government which backs them, and, since governments around the world are in deep trouble, all paper currencies are going fall together vs gold and other precious metals.

"What are your thoughts on the future of the euro, and the proposed "Gulf"- or "Gold" dinar?"

The euro is in trouble, for the reasons I outline above. The proposed "Gulf"- or "Gold" dinar doesn't exist yet, but it might be interesting to look into because it will be backed by gold.

"what can the "little people" do in such a short time, if the dollar does crash and you want to protect your wealth that's now stored in a bank as US dollars?"

Invest money in precious metals. Check my posts on safe ways to invest in gold:

http://www.marketskeptics.com/2008/10/safe-ways-to-invest-in-gold.html

Scary stuff, unfortunately it's probably true. Wha...

2008-10-29T06:08:00.000-07:00

Scary stuff, unfortunately it's probably true. What are your thoughts on the future of the euro, and the proposed "Gulf"- or "Gold" dinar?

And, what can the "little people" do in such a short time, if the dollar does crash and you want to protect your wealth that's now stored in a bank as US dollars? Buy euros or Swiss francs, or something like that?