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 Replies: 61 / Views: 7,736 |
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Pillar of the Community
United States
1656 Posts |
I personally don't agree. I think the number's much higher  Quote:
CNN's Money segment has confirmed what we've all suspected—many gold buyers are nuts:
These investors are convinced gold will spike to $10,000 an ounce (it's currently around $1,225) when the U.S. government implodes, said Peter Hug, an executive at metals retailer Kitco.
Hug calls these people "crazies" and says they form a substantial amount of the U.S. physical gold market -- at least 25%.
The fear card just doesn't play well elsewhere in the world:
"You can't play the fear card if you're a dealer or a speaker as well in Canada as you can in the United States," he said.
It is no wonder these small gold peddlers spend a huge chunk of their advertising dollars on radio shows from Glenn Beck, Sean Hannity, and Mark Levin. http://www.dailykos.com/story/2015/...aranoid-nuts |
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Pillar of the Community
United States
797 Posts |
There are some interesting doomsday preppers/hoarders that spend on awful lot of time worrying about anarchy and the end of times. It is one thing to be prepared but some people take it way too far, but I guess whatever gets you by....
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Valued Member
United States
231 Posts |
Tell that to the people of Greece now or Cyprus after some of their bank accounts were "reallocated" for the greater good.
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Pillar of the Community
United States
3789 Posts |
Yea I think so too, most people who putting their "hopes" into gold and silver are indeed paranoid and the numbers are higher than 25% lol
I always laugh when I read anywhere people talking about the "dollar collapsing" and all the talk about doom and gloom and debt and so on. Sorry but anyone betting for such an event will be wrong.
the bottom line is we arent going to see a collapse of some currency like the dollar. Furthermore, when things get bad in times of panic, the real beneficiaries are indeed certain currencies, such as the dollar and the US government bonds.
Those are your real safe havens, not gold and silver. Which is why to me, its utterly silly to be stacking silver and gold. Sure I can see having some gold and silver but to be stacking constantly, thinking that it will be your safe haven, I think thats way extreme.
In a financial panic I would/will/have park money in the USD and UST's rather than gold or silver.
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Pillar of the Community
 United States
1656 Posts |
Greece and Cyprus together have a smaller GDP than Tennessee. Than Tennessee.
Until the USA's economy shrinks to the size of Greece's, and becomes dependent solely on tourism and olives, any comparisons are spurious at best.
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Pillar of the Community
Canada
2019 Posts |
Quote:
CNN's Money segment has confirmed what we've all suspected—many gold buyers are nuts:
These investors are convinced gold will spike to $10,000 an ounce (it's currently around $1,225) when the U.S. government implodes, said Peter Hug, an executive at metals retailer Kitco.
Hug calls these people "crazies" and says they form a substantial amount of the U.S. physical gold market -- at least 25%.
The fear card just doesn't play well elsewhere in the world: When Shill Mainstream media TV stations like CNN are Down playing owner ship of gold it can only mean one thing... Gold is going up...soon...Get ready  |
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Pillar of the Community
United States
7618 Posts |
Yeah... The % is probably much higher than 25%. They sit around their TV's watching Hannity, Beck and Fox News, in camouflage surplus outfits, tightly gripping their assault rifles and chowing down on MRE's.
They wonder WHY that 10000$/oz gold never shows up. As far as they are concerned it's just another "guvment conspiracy" that's keeping the price down. Surely, those advertisers wouldn't mislead them, would they?
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Pillar of the Community
United States
619 Posts |
Wow. Kitco is going to lose a lot of customers once this gets out. I'm not one of the "crazies", but I wouldn't buy anything from them now. I have a 401k, etc., but I like coins/PMs and I like to diversify. There are paranoid people in any group, whether it's gold, silver, or Beanie Babies. That doesn't mean everyone involved is an idiot. I'm sure a lot of "normal" people think coin collectors are nerds. I've gotten plenty of weird looks from tellers when I tell them I collect coins.
Edited by CPC24
02/17/2015 3:02 pm
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Pillar of the Community
United States
1656 Posts |
Quote:
When Shill Mainstream media TV stations like CNN are Down playing owner ship of gold it can only mean one thing... Gold is going up...soon...Get ready  |
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Pillar of the Community
United States
5826 Posts |
Never put your eggs in one basket! How many times we hear that?
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Bedrock of the Community
United States
10982 Posts |
Paranoid? No. Aware of what's happening in the USA and the world? Yes.
There's no need to live in fear of the inevitable.
Edited by BH1964
02/17/2015 6:25 pm
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Pillar of the Community
United States
4409 Posts |
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Pillar of the Community
United States
3789 Posts |
wow.. that is a crazy article....... pretty reckless.
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Pillar of the Community
United States
4333 Posts |
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Which company is Patrick Heller the spokesman for? This latest article he's written is right up there with the "crazies" Patrick Heller owns Liberty Coin Service. I once bought some silver halves and dealt with him in person, charged me a "sorting fee" when they hand-picked the Kennedy 90% halves from a mix of Franklins and Walkers. Stuffy. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4333 Posts |
"You know, a long time ago being crazy meant something. Nowadays, everybody's crazy."
- Charles Manson
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Canada
3692 Posts |
Quote:
when things get bad in times of panic, the real beneficiaries are indeed certain currencies, such as the dollar and the US government bonds. ...until the world turns it back on the USA and its invasive ways. Gold can be converted into any currency and it always takes labor to dig it from the ground. All the USA has to do is turn on the paper machine and say "trust in God" a trillion times until it sounds believable. Sorry to sound cynical, but even Rome fell. Paranoia is not the same as being aware. Putting the shoe on the other foot, if the USA were to go around to every country and say "we're looking for weapons" and those countries say "okay but you first" the USA would just say "no, it doesn't work that way because we're the good guys", well how absurd does that sound when they invade by force at will. I'm not saying gold will save you, because how many kingdoms have tried to control the gold supply, but what I am saying is that faith in one currency is laughable. The US dollar seems certain because it's a relatively new country and hasn't seen modern warfare play out on its soil yet. |
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Replies: 61 / Views: 7,736 |
Posted 02/17/2015 1:00 pm
