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HDRKid II
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<blockquote data-quote="HDRKID" data-source="post: 45796" data-attributes="member: 43"><p>Right now, dow is down 300 points. I feel safe owning gold. I predicted in 2005 when it was approx $400 that it would go over $2,000 and here we are. Gold is as of right now $1851 an ounce.</p><p></p><p>Debunkers now claim it was obvious, but they did not buy a single ounce. People claim they they do not have any money. I told people if you cannot afford gold, then buy silver. It was $15 an ounce last year. It is $42 an ounce right now. That is nearly three times more.</p><p></p><p>Back in 2001 silver was $4 an ounce. If you had held on you would have 10X your money. Still you have inflation to factor in. Back in 2001 a movie ticket was $4, and it is $12 now. That is a 3X jump. Also, gas was one dollar a gallon for gas. Right now I am paying near $4 a gallon for gas. That is a 4X jump. Debunkers claim that there is no inflation and I am crazy.</p><p></p><p>Well, there is one area. Yeah, that has no inflation as in zero. It is workers wages. Fact is, many workers have taken cuts in pay. That is because the company is struggling now.</p><p></p><p>Personally, I still am buying gold and plan to buy more. Take a look at the chart. Debunkers told me that gold was a bubble and it would go down not up. They were wrong.</p><p></p><p><img src="http://www.kitco.com/lfgif/au0730lf_ma.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="HDRKID, post: 45796, member: 43"] Right now, dow is down 300 points. I feel safe owning gold. I predicted in 2005 when it was approx $400 that it would go over $2,000 and here we are. Gold is as of right now $1851 an ounce. Debunkers now claim it was obvious, but they did not buy a single ounce. People claim they they do not have any money. I told people if you cannot afford gold, then buy silver. It was $15 an ounce last year. It is $42 an ounce right now. That is nearly three times more. Back in 2001 silver was $4 an ounce. If you had held on you would have 10X your money. Still you have inflation to factor in. Back in 2001 a movie ticket was $4, and it is $12 now. That is a 3X jump. Also, gas was one dollar a gallon for gas. Right now I am paying near $4 a gallon for gas. That is a 4X jump. Debunkers claim that there is no inflation and I am crazy. Well, there is one area. Yeah, that has no inflation as in zero. It is workers wages. Fact is, many workers have taken cuts in pay. That is because the company is struggling now. Personally, I still am buying gold and plan to buy more. Take a look at the chart. Debunkers told me that gold was a bubble and it would go down not up. They were wrong. [IMG]http://www.kitco.com/lfgif/au0730lf_ma.gif[/IMG] [/QUOTE]
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