25 Comments to Gold & Armageddon: Conclusion Part 2
Gold will not save us, it’s value will drop as soon as the dollar does because of it’s natural value. based on man hrs. it takes to remove it from the earth. It’s value currently only reflects the collapse of the (debt instrument/promise to pay note to the IMF) value. Currency of the future should be dirt then we’ll all be rich. That’s my proposal!
Investor’s want your wallet that’s the name of the game.
Would you get Hard Metal or paper promise of holdings?
when the dollar collapses, the desire of millions of people will shift from FRN’s and flat screen TV’s to precious metals and food, and there won’t be enough of the latter to go around or they won’t be able to afford it either way. the purchasing power of gold will go up from the demand for it, not because of a nominal increase priced in dollars. a lot of people will demand it, but few will be able to get their hands on it.
To answer your question, “yes, 5 oz of gold IS alot.” Right now, its about $6500.00 which can feed my family for six months, or allow us to travel to a safe spot. Are you thinking that gold is the path to retirement? If so, you are alone. Gold bugs do not think of it as retirement but insurance. Funny thing is that you think hyperinflation will make that 5 oz worth less. The logic is perfectly backwards. Gold holds its value and shines during hyperinflation.
let’s talk more about this when we both have time. beleive it or not…we may have more similar ideas..about investing, safety AND gold..than you may think.
yes i trade gold. mainly ETF and spot. but not physical gold. those how buy gold at $1000 and if it doubles..u can only make a maximum of 100%. if you are disciplined… that same 100% move can make you 5X or 10X as much spot and ETF. and for now…I don’ think these markets will disappear.
but, if u still think that my main focus was attacking gold. you’re mistaken.
I always thought of you as a gold trader, but your recent video is very puzzling. You basic points are, gold is a lousy investment, don’t buy gold, gold can be stolen, confiscated by government and expensive and untradable during worst case scenario. So what do you do with your own wealth? YOU TRADE GOLD!!! (face in hand) So why are you attacking other people’s intelligence for doing EXACTLY what you’re doing. You leap the the conclusion that ppl didn’t go through the various scenario you did
harry – i have gold and silver but i’d rather have a stable economical future – the uncertainty of what’s up the road for family, friends and all of the societies of the world is unsettling – dealing with the suffering of unjust wars, unemployment, financial loss, overpopulation, a decaying planet, and the realization that things are only going to get worse makes owning gold/silver an act of futility – the struggle, within these economic times, will not be solved by gold and silver!
My first investment is GOD
Seek for wisdom in the ocean of knowledge.
If you want to think outside the box of the bible, you will never have peace against the will of God.
My second investment is GOLD and SILVER and it will not be my only store of value in the worst case scenario… because I have stored food and water to survive for at least 7 years.
That’s right : you don’t want to sell your gold and silver being desperate for food !!!
I agree with your comment about it being difficult to liquidate your gold in a collapse environment, but again, that’s why I keep bringing you back to the fact that most people that I’m aware aren’t thinking about or planning to use Gold as their only strategy. That’s simplistic and nonsensical, so again, who are you talking to? I hope you feel better soon. I disagree with you, and i can’t say I like seeing you badmouth the people who are commenting, but I’m looking forward to new vids.
I don’t expect my gold or my silver to buy a lot more than what I purchased it for. I’m simply looking for it to hold “SOME VALUE” when fiat paper currency is pretty much worthless. It’s insurance, not salvation. And frankly, like I’ve said, I don’t know anyone who’s looking at it like that. No 10 ounces isn’t a lot, and 100 ounces of silver isn’t a lot either. The strategy isn’t flawed unless you’re expecting to live off of 10 ounces of Gold. CONT’D
Harry aka Monkey,
Very poor video. I give you: 1 Banana
For your efforts. It’s a sad state of affairs that you have to give things away to keep subscribers and to keep friends.
Good luck with the tree swinging and banana gathering. You Monkey!
im all for running through scenarios – but under the pretense that gold is first and foremost your safest store of value.
sure – there maybe confiscation – there may be other factors affecting your ownership of gold – yes! your right – but lets discuss them under the pretense that gold will protect should you remain in control of your gold/silver.
Gold will not save us, it’s value will drop as soon as the dollar does because of it’s natural value. based on man hrs. it takes to remove it from the earth. It’s value currently only reflects the collapse of the (debt instrument/promise to pay note to the IMF) value. Currency of the future should be dirt then we’ll all be rich. That’s my proposal!
Investor’s want your wallet that’s the name of the game.
Would you get Hard Metal or paper promise of holdings?
Superb
when the dollar collapses, the desire of millions of people will shift from FRN’s and flat screen TV’s to precious metals and food, and there won’t be enough of the latter to go around or they won’t be able to afford it either way. the purchasing power of gold will go up from the demand for it, not because of a nominal increase priced in dollars. a lot of people will demand it, but few will be able to get their hands on it.
Silver is rarer than gold now by a ratio of 6/10 I’ve heard. When ppl realise this it could rise to a higher price than gold. Far better investment
To answer your question, “yes, 5 oz of gold IS alot.” Right now, its about $6500.00 which can feed my family for six months, or allow us to travel to a safe spot. Are you thinking that gold is the path to retirement? If so, you are alone. Gold bugs do not think of it as retirement but insurance. Funny thing is that you think hyperinflation will make that 5 oz worth less. The logic is perfectly backwards. Gold holds its value and shines during hyperinflation.
any idea
Some interesting comments
you know what they say about those who argues w/ fools..LOL =)
i got to lay off that..but it’s frustrating to deal w/ such closed minded people.
Your main focus seem to be preoccupied with attacking other ppl’s intelligence while elevating your own. Am I wrong?
let’s talk more about this when we both have time. beleive it or not…we may have more similar ideas..about investing, safety AND gold..than you may think.
thanks for message and happy thanksgiving!
Harry
yes i trade gold. mainly ETF and spot. but not physical gold. those how buy gold at $1000 and if it doubles..u can only make a maximum of 100%. if you are disciplined… that same 100% move can make you 5X or 10X as much spot and ETF. and for now…I don’ think these markets will disappear.
but, if u still think that my main focus was attacking gold. you’re mistaken.
thanks for your continued comments!
I always thought of you as a gold trader, but your recent video is very puzzling. You basic points are, gold is a lousy investment, don’t buy gold, gold can be stolen, confiscated by government and expensive and untradable during worst case scenario. So what do you do with your own wealth? YOU TRADE GOLD!!! (face in hand) So why are you attacking other people’s intelligence for doing EXACTLY what you’re doing. You leap the the conclusion that ppl didn’t go through the various scenario you did
couldnt agree with you more…
harry – i have gold and silver but i’d rather have a stable economical future – the uncertainty of what’s up the road for family, friends and all of the societies of the world is unsettling – dealing with the suffering of unjust wars, unemployment, financial loss, overpopulation, a decaying planet, and the realization that things are only going to get worse makes owning gold/silver an act of futility – the struggle, within these economic times, will not be solved by gold and silver!
Good one Growby 5/5
list a few!
My first investment is GOD
Seek for wisdom in the ocean of knowledge.
If you want to think outside the box of the bible, you will never have peace against the will of God.
My second investment is GOLD and SILVER and it will not be my only store of value in the worst case scenario… because I have stored food and water to survive for at least 7 years.
That’s right : you don’t want to sell your gold and silver being desperate for food !!!
The more I watch these vids, the more reasons I find to buy gold.
Maybe that was Growby’s plan, to make us realize by ourselves why gold is such a good investment.
You had a long day! ( too much thinking)
Get back in your cage and get some rest.
YOU BAD MONKEY!
If you hold 1 gold coin and 1000+ people dont own 1 gold coin then yes, you are quite rich. same holds for silver. check my channel for truths
I agree with your comment about it being difficult to liquidate your gold in a collapse environment, but again, that’s why I keep bringing you back to the fact that most people that I’m aware aren’t thinking about or planning to use Gold as their only strategy. That’s simplistic and nonsensical, so again, who are you talking to? I hope you feel better soon. I disagree with you, and i can’t say I like seeing you badmouth the people who are commenting, but I’m looking forward to new vids.
I don’t expect my gold or my silver to buy a lot more than what I purchased it for. I’m simply looking for it to hold “SOME VALUE” when fiat paper currency is pretty much worthless. It’s insurance, not salvation. And frankly, like I’ve said, I don’t know anyone who’s looking at it like that. No 10 ounces isn’t a lot, and 100 ounces of silver isn’t a lot either. The strategy isn’t flawed unless you’re expecting to live off of 10 ounces of Gold. CONT’D
I can’t really attack any of your so-called “points” because you didn’t say anything. There’s nothing there to attack.
Perhaps one day you will realize that there is a difference between arrogance and intelligence. Bye.
Harry aka Monkey,
Very poor video. I give you: 1 Banana
For your efforts. It’s a sad state of affairs that you have to give things away to keep subscribers and to keep friends.
Good luck with the tree swinging and banana gathering. You Monkey!
happy to do an interview. get better.
im all for running through scenarios – but under the pretense that gold is first and foremost your safest store of value.
sure – there maybe confiscation – there may be other factors affecting your ownership of gold – yes! your right – but lets discuss them under the pretense that gold will protect should you remain in control of your gold/silver.