Interesting Article About Gold!

I was just a small kid, when I held my first, (and only), $5.00 gold coin. my dad got it one payday, to sjhow us what it looked like. Then he turned it in and paid the rentor what ever debts it would cover, then.
I have always had the thought, that we should never have gotten off the "gold standard", but bweing just a kid, who was I to ask? To make matters worse, we also pulled the silver from the silver certificates, and they like our 2010 dollars, became nothing but paper. Fiat Money.
I'm not sure what the price of gold was then 1930-31, but it was much lower than now!
I have spent many lond, hard days drywashing in the hot, dusty, sun, with only a tarp, hung in the trees, or brush to serve as a sunscreen.
Gold then was $35.00/oz troy. (That is how gold and silver is weighed). I would still be out there doing that, (if I could drive, etc) my calendar age may be high, but my heart is young, and I would enjoy it! Yes, I still have the gold we obtained. Not much of it, but every gram. It was not the value of the metyal that was the reason for the labor, and satisfaction, more likely, the "thrill of the hunt:!
Yhe article which is linked above, is a very good picture of our present situation, and the operating procedure of the present administration. It scares me, frankly!
You will see the day come when the "retirement check you have puut so many tears into, will not pay the gasoline price, to go after the food you need for your kids, and yourself! We are fast=-moving towards a third-ratye country, and all the sufferage it entails! You laufgh, now, but will you still be laughing 10 years from noiw? give it some thought. I don't have, nor have I ever had, any intention in going for the "gold", but I do recommend silver. the price will shock you, in ten years, as will our economy!
I am noit a scientist, as is the one interviewed by thr author, but the "handwriting is on the wall". Take my word for it!
Dick

I once read "When everybody is telling you to buy gold, that is when you should sell."
I feel it is starting to apply more and more to the present day.

I've read gold went steady below it latest $1.250 record. <<Link Removed by Staff>>
Do you believe it's still due for major price spikes?
Need advice here!

here is another interesting article,
http://www.zerohedge.com/article/go...us-metal-ubs

i especially like his quote "gold does well when buyers are worried about inflation prospects, debt monetization and the debasement of national currencies, and also does well in an environment of heightened volatility and fear about the global economy."

i still believe it would be better to think about silver, rather than gold. It is true, gold has more than doubled in the last few yearts, but there are too many countries who hold very large amounts ogf gold, and when their economy goes down, they flood the market with it, and the general price, or value goes down. In other words, it is nice, but it also is like the high risk stocks when you least expect it, the value drops.
Siklver on the other hand is slow, but fairly steady. Their is a lot of silver still to be mined, but the recocses are slowly running out. Then what? It is like the race between the hare, and the tortiose, no need to be in such a hurry. persistance, not haste wins the race.
The thing that worries me, is not that gold will go to $1500, or even higher. The fact that there are so many jobless, and no indications of something to be done to alleviate the situation, by the current administration. More like "won't worry about it "I'll take care of it. I wonder if he has a plan? To ruin a couintry, is best done by putting it into a huge national debt, that it can't recover, and ends up bankrupt, and then what? If you didn't have the job to buy the gold, then what do you do?
While I don't advocate an "overthoow of the government, I di insist that he resign, before he sinks us entirely. We veterans didn't put out lives in the hasnds of the leaders of this country, to see it go to nothing, because of being MIS-LED by a fool! Excuse by expression, but I didn't expect it to happen, at least NOT in my lifetime! Seems I have strayed, again! Sorry.
Dick

Here's another interesting article........
http://news.goldseek.com/Internatio...76702085.php

If there's even a hint of truth here, things are looking scary...

I don't really agree. It's been hitting "record highs" over and over again for the last several years without dropping significantly. We could have said that 2 years ago when it crossed the $900 barrier, and we would have been wrong.

The question is, what record high is going to be the last one before the plunge.