Should I buy Silver and Gold?

[New-born baby]

if you are a baby boomer and have not started saving or already have it saved and put away it probably is going to be to late. good thoughts though peanuts. I am still holding my GLD position from mid $40's levels and plenty of silver. I am looking to buy silver again at these depressed prices or lower. if the shit hits the fan and things really go sour it will be an asset to have stashed. i am also stocking up on everything that is a staple. canned goods, dry milk, small denomination bills (1-5-10 dollar bills so you don't need anyone to make much change for you). I even put a couple of 50 gallon drums in for storing about 100 gallons of gas. just in case things get to the point where certain items become hard to get. it wouldn't hurt to have some self protection items on hand in one's house.

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Spoken like a true redneck, Ski. (That IS a compliment!) I agree with you.

[skiracer]

I do prescribe to the idea of buying commodities for a long term holding period.

However, due to the unwinding of positions taken on credit, and the flight to the safety in a US dollar, I foresee a short term deflationary period which will stagnate the price of commodities for an equal amount of time. Commodities do not have the same volume as currency trading, so I would suspect that a trend reversal in commodities will follow the trend reversal in the USD. This will give everyone plenty of time to dump dollars and buy commodities. I give deflation a period of 1 to 2 years max.

Once the dollar dumping occurs, the US is in for a period of hyper-inflation. This is the reason that I prescribe to the idea of buying commodities for the long term. Once the next round of inflation starts, there won't be much to stop it.

I would strongly suggest to anyone who understands the above to take the time now to get your financial house in order and become a net saver if you are not one already. During the next decade, peace of mind will not come easily for the majority of US baby boomers. The old saying goes, "You reap what you sow"

if you are a baby boomer and have not started saving or already have it saved and put away it probably is going to be to late. good thoughts though peanuts. I am still holding my GLD position from mid $40's levels and plenty of silver. I am looking to buy silver again at these depressed prices or lower. if the shit hits the fan and things really go sour it will be an asset to have stashed. i am also stocking up on everything that is a staple. canned goods, dry milk, small denomination bills (1-5-10 dollar bills so you don't need anyone to make much change for you). I even put a couple of 50 gallon drums in for storing about 100 gallons of gas. just in case things get to the point where certain items become hard to get. it wouldn't hurt to have some self protection items on hand in one's house.

[peanuts]

$740 busted! Gold heading for the $600's now, barring a major reversal of golden fortune, people would rather hold dollars...

Who knows where silver is going?

Deflation, here we come!

Dr Steve Sjuggerud and 2 Gold experts comment on GOLD in the 10/20/08 issue of the Free "Daily Wealth LINK TO ARTICLE...

I do prescribe to the idea of buying commodities for a long term holding period.

However, due to the unwinding of positions taken on credit, and the flight to the safety in a US dollar, I foresee a short term deflationary period which will stagnate the price of commodities for an equal amount of time. Commodities do not have the same volume as currency trading, so I would suspect that a trend reversal in commodities will follow the trend reversal in the USD. This will give everyone plenty of time to dump dollars and buy commodities. I give deflation a period of 1 to 2 years max.

Once the dollar dumping occurs, the US is in for a period of hyper-inflation. This is the reason that I prescribe to the idea of buying commodities for the long term. Once the next round of inflation starts, there won't be much to stop it.

I would strongly suggest to anyone who understands the above to take the time now to get your financial house in order and become a net saver if you are not one already. During the next decade, peace of mind will not come easily for the majority of US baby boomers. The old saying goes, "You reap what you sow"

[Peter Hansen]

A Must Read For Gold BUGS

Dr Steve Sjuggerud and 2 Gold experts comment on GOLD in the 10/20/08 issue of the Free "Daily Wealth"....I do not subscribe to any newsletters mentioned ......nor will I comment on any . I have dabbled in gold but wound up losing with Gold Stocks .....my Gold coins took 20 years to make any money .....and now I am ahead on physical gold bullion coins .....but think about it ,I could have placed the money into a stock like LUK and came out well ahead of what I made . So do your homework first but read the following report .....VERRRRRRRY Interesting!

http://www.dailywealth.com/archive/2008/oct/2008_oct_20.asp?printdoc=print

[peanuts]

Gold going to $740, Silver to $8.50

If they break lower than that, then beware of overall price deflation.

$740 busted! Gold heading for the $600's now, barring a major reversal of golden fortune, people would rather hold dollars...

Who knows where silver is going?

Deflation, here we come!

[peanuts]

Gold going to $740, Silver to $8.50

If they break lower than that, then beware of overall price deflation.

anyone shorting the ETF's? Nice drop today

[peanuts]

Gold going to $740, Silver to $8.50

If they break lower than that, then beware of overall price deflation.

[New-born baby]

Gold hammered yesterday. Thanks for the post, Pete! I love your posts!

[Peter Hansen]

New Born Nice Response!

Pete,
Thanks one high tech mine. Do they dig with sticks? I know they don't own a shovel. How does that affect production?

Frankly I think Ski is right: he did slit a NVA's throat in that hole. All Cohen has done is exhume the body.

Really, I think they are planning on putting gold into that hole--from investors--and not planning on digging any out of it.

NB in case you are wondering ......ELRA closed dwon 5% and change at close of 10/2/08 . Even Mr Cohen could not prop up this turkey
here is the Chart !

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=elra&sid=0&o_symb=elra

[New-born baby]

Michael Cohen finally announced the name of the Cambodian Gold Mine ,,,,,,the stock is .......Trumpets Please ..........ELRA.OB. Ski here is another picture of the Gold Mine ........kind of looks like spider hole Sadam Hussein was dragged from . I am sure Cohen has his finger on the sell buton waiting for the suckers to pile in . Here is the mine Picture LOL
http://doublingstocks.com/cambodia/DSC00001.jpg

Pete,
Thanks one high tech mine. Do they dig with sticks? I know they don't own a shovel. How does that affect production?

Frankly I think Ski is right: he did slit a NVA's throat in that hole. All Cohen has done is exhume the body.

Really, I think they are planning on putting gold into that hole--from investors--and not planning on digging any out of it.

[Peter Hansen]

Ski Still not convinced?

Michael Cohen finally announced the name of the Cambodian Gold Mine ,,,,,,the stock is .......Trumpets Please ..........ELRA.OB. Ski here is another picture of the Gold Mine ........kind of looks like spider hole Sadam Hussein was dragged from . I am sure Cohen has his finger on the sell buton waiting for the suckers to pile in . Here is the mine Picture LOL

http://doublingstocks.com/cambodia/DSC00001.jpg

[skiracer]

A Mr Cohen of Doubling Stocks i.e. MARL the Robot stock picker after months has finally come up with a stock GOLD Mine tip.....which will be disclosed shortly ......boy I can't wait looks exciting to me .
I believe it was Mark Twain who said ," A gold mine is a hole in the ground with a liar standing over it"......Anyway here is a picture of the mine in Cambodia could be the Hee Haw mine for all I know, well anyway here is a pic of the mine for all its worth !
WTF is MR Cohen Thinking ....he says the stock , to be announced , will rise in value.......Well good luck to all the investors LOL

http://getresponse.com/l/s56aPKFNML7...DW74QQDT5BFC4A

l
i think i cut some north vietnamese guys throat in that tunnel.

[Peter Hansen]

Look Like A Winner Gold Mine To Me !

A Mr Cohen of Doubling Stocks i.e. MARL the Robot stock picker after months has finally come up with a stock GOLD Mine tip.....which will be disclosed shortly ......boy I can't wait looks exciting to me .
I believe it was Mark Twain who said ," A gold mine is a hole in the ground with a liar standing over it"......Anyway here is a picture of the mine in Cambodia could be the Hee Haw mine for all I know, well anyway here is a pic of the mine for all its worth !
WTF is MR Cohen Thinking ....he says the stock , to be announced , will rise in value.......Well good luck to all the investors LOL

http://getresponse.com/l/s56aPKFNML75YUJZJI3RYP7VNKNQRTGFXEPYYCXMY6DW74QQDT5BFC4A

[IIC]

Solid Silver play, and a great way to leverage silver... good luck!

Well...I'm not doing well so far...It is a light play...But any loss hurts...Doug

[IIC]

i am alive and well doug. this economic disaster in the mortage and banking industry is going to cost me and my principals big time bucks. but the only thing important to me is one's health, mental capacities, and the desire and drive to put together the next deal. i hope everything is well with you doug. i am sure your business is being affected by all of this.

Actually it seems to be affected somewhat...But not so much with me...Somebody has to run these buildings as long as they are open....I manage 110 of them and most are owner occupied. Cost cutting yes...But still OK...Anyway, my forte is cost control...Best, Doug