Old Project Avalon Forum (ARCHIVE) - View Single Post - people being herded into gold for the kill?

TAXMASTER · 11-11-2008, 02:02 PM

greetings,

as a student of precious metals, let me say this; for every chart interpreted one way, you can find 5 different opinions disagreeing. i think you will see that most of those that say gold will go down to $500, they also say that when hyperinflation starts, it will shoot up almost overnight. So do not buy gold to make money, buy to preserve wealth in the long run.

most of you that say that food is more valuable than gold, you are correct in a manner of speaking. i do not believe our civilization will get so primitive that gold will not have value. it is easily transportable and widely acceptable as a universal system of currency. i don't see the central banks stuffing seeds in their vaults.

Namaste'

11-11-2008, 02:02 PM	#22
TAXMASTER Avalon Senior Member Join Date: Sep 2008 Location: Terre Haute, Indiana Posts: 117	Re: people being herded into gold for the kill? greetings, as a student of precious metals, let me say this; for every chart interpreted one way, you can find 5 different opinions disagreeing. i think you will see that most of those that say gold will go down to $500, they also say that when hyperinflation starts, it will shoot up almost overnight. So do not buy gold to make money, buy to preserve wealth in the long run. most of you that say that food is more valuable than gold, you are correct in a manner of speaking. i do not believe our civilization will get so primitive that gold will not have value. it is easily transportable and widely acceptable as a universal system of currency. i don't see the central banks stuffing seeds in their vaults. Namaste'