Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: muscleman-2013 on November 19, 2014, 12:55:59 AM
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These cockheads say it's just "diversification," but intelligent people know better than that.
Of course China is buying it up too. And also the SWISS.
Russian President Vladimir Putin is developing a taste for gold.
With all of its income from selling oil, Russia is diversifying its reserves by buying massive amounts of gold, said William Rhind, CEO of the World Gold Trust Services.
Of all the central banks that make their reserve actions public, Russia has been the "largest, most active" gold accumulator, he explained. Still, Rhind said, the "elephant in the room" is how much gold China is buying, as Beijing does not publish these figures.
A recent report from the World Gold Council showed that many central banks, including Russia's, have beefed up their gold reserves. This investment, the report suggested, was "driven by a number of factors including a continued diversification away from the U.S. dollar and the backdrop of ongoing geopolitical tensions."
http://www.cnbc.com/id/102196612#.
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Car companies and businesses are pulling out of Russia, and the sale and buying of luxury items has slowed. This is due to the Ukrainian situation.
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Car companies and businesses are pulling out of Russia, and the sale and buying of luxury items has slowed. This is due to the Ukrainian situation.
temporary problem that will pass
Russia has a MUCH BRIGHTER future than the US.
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Russians know better.
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If one thing the Russian people can deal with is rough economic times. In the US if we truly had an economic collapse it would be rioting in the streets because even our poor live well.
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Gold is fucking useless. Just because people decided to put a monetary value on it because its shiny and yellow doesn't make it more valuable than any other form of currency. In the end when the world economy collapses the only true value will be how many bullets you have in your gun.
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Gold is fucking useless. Just because people decided to put a monetary value on it because its shiny and yellow doesn't make it more valuable than any other form of currency. In the end when the world economy collapses the only true value will be how many bullets you have in your gun.
Gold has many uses, including its ability, even as an inanimate object, to manage an economy better than politicians, bureaucrats, and central bankers.
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temporary problem that will pass
Russia has a MUCH BRIGHTER future than the US.
8)
Do svidanya, moron.
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Imagine their dumb faces when someone lassos a meteor full of gold to mine in space. Doubling the global quantity.
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Gold is fucking useless. Just because people decided to put a monetary value on it because its shiny and yellow doesn't make it more valuable than any other form of currency.
OMG you are beyond stupid.
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temporary problem that will pass
Russia has a MUCH BRIGHTER future than the US.
What do you base that on? Facts ? statistics? I think your prediction is BS.
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Haha! "Buying up" all the gold. They are buying fucking paper that says the "own" the gold that is in deposits around the world. And there is NFW that all the paper gold out there lines up with the actual gold reserves on deposit.
Russia isn't taking delivery, nobody does anymore because they know that'll blow the scam wide open.
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Imagine their dumb faces when someone lassos a meteor full of gold to mine in space. Doubling the global quantity.
Wouldn't that cause the value of gold to drop dramatically, supply on demand? There is plenty of gold to be mined on earth. The problem is that the current gold value is not quite high enough to justify the cost of mining it.
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muscleman youre a stupid dumb shit
''western worlds economic collapse'' ... rofl.. reason they are stocking up gold is because the rubles isnt worth shit now and will be even shittier in the future due to the artificially manipulated price of oil by the US and Saudis which is making them russians lose billions on top of billions. Too bad for them but its their problems if they wanna play big boys games.
US dollar is climbing and will continue that way, while the yen, euro, rubles, almost any other currency will go down or stagnate due to shitty economic situation. and im not even american, just do your research
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Haha! "Buying up" all the gold. They are buying fucking paper that says the "own" the gold that is in deposits around the world. And there is NFW that all the paper gold out there lines up with the actual gold reserves on deposit.
This is true if the case (didn't read link).
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im buying gold teeth for myself
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Gotta stock up on some fart powder! :o
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temporary problem that will pass
Russia has a MUCH BRIGHTER future than the US.
Haha LOL at this, 90% of Russia is a developing country. What a big fucking shithole. I will admit: Russkies seem to have no fear of death--a useful trait in some circumstances. But no way in hell will Russia ever be more livable than the US, I don't care what kind of economic collapse occurs
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As more an more Mexican's move into America, economic collapse will really be no big deal. A lot of the whites will just kill themselves and take a few people with them and the Mexican's will just live in filth and except it for what it is...
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I talked to Russia the other day, truth is they are investing heavy in caliberfitness.com
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I talked to Russia the other day, truth is they are investing heavy in caliberfitness.com
Yes I heard Vissy is a Russian spy and told Putin that it would be in his best interest to buy up everything C/fitness...
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Gold is fucking useless. Just because people decided to put a monetary value on it because its shiny and yellow doesn't make it more valuable than any other form of currency. In the end when the world economy collapses the only true value will be how many bullets you have in your gun.
and the dumbest GB post of the year goes to....
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Very few people actually own gold in any form. Many of those people who don't own any gold are already savages who would cut anyone else's throat for $10.
If it ever comes to the point where the dollar is actually totally worthless, ATM machines and EBT cards become useless, etc, those hundreds of millions of animals are not going to just go away and die quietly, nor are they going to want to willingly become slaves to those few who have gold. Those who have gold and anything else that would actually be of value in such a scenario will need to really be concerned for our own safety at that point.
The whole idea gold bugs have that they will be the new kings and everyone else will just willingly bow down to them if the shit ever really hits the fan is naive at best.
If we ever get to that point, food, water, ammo, and shelter will be what matters. If you can't eat it, drink it, or use it as a weapon, forget about it. Hygiene and being able to stay free of sickness and disease will also be very high up on the hierarchy of needs.
Gold will likely get more valuable the closer we get to that point. But if the dam ever truly breaks, it won't matter. Dollars would probably be more valuable then because you could actually use them for toilet paper.
I do use gold as an investment, but I don't fool myself beyond that.
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Haha LOL at this, 90% of Russia is a developing country. What a big fucking shithole. I will admit: Russkies seem to have no fear of death--a useful trait in some circumstances. But no way in hell will Russia ever be more livable than the US, I don't care what kind of economic collapse occurs
why does russia suck?
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and the dumbest GB post of the year goes to....
There legitimacy in the notion that SHTF consumables will be the only real store of value in the scenario that he references. Food/Gas/Ammo being chief among them.
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Why isnt russia gonna be superior? They are all white they are destined to be awsime
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Why isnt russia gonna be superior? They are all white they are destined to be awsime
The real Caucasians came from the Caucusus mountains and were actually black.
You see, the black man is actually the caucasian Hebrew.
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Gold and Silver are the only true money. Central Banks and governments know this...that's why they stock pile and have been net buyers for the past 8 years. In public, they denounce gold because they need the people to continue to transact in debt based fiat notes. When a fiat currencies life cycle ends the new currency is always based in gold and silver. Central banks and government know this and are preparing.
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The real Caucasians came from the Caucusus mountains and were actually black.
You see, the black man is actually the caucasian Hebrew.
;D
Putin is mentally black :D
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What do you base that on? Facts ? statistics? I think your prediction is BS.
What do you base that on? Facts ? statistics? I think your prediction is BS.
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muscleman youre a stupid dumb shit
''western worlds economic collapse'' ... rofl.. reason they are stocking up gold is because the rubles isnt worth shit now and will be even shittier in the future due to the artificially manipulated price of oil by the US and Saudis which is making them russians lose billions on top of billions. Too bad for them but its their problems if they wanna play big boys games.
US dollar is climbing and will continue that way, while the yen, euro, rubles, almost any other currency will go down or stagnate due to shitty economic situation. and im not even american, just do your research
Thanks for posting gimmick.
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There legitimacy in the notion that SHTF consumables will be the only real store of value in the scenario that he references. Food/Gas/Ammo being chief among them.
Lets look to the great depression as an example. Economic collapse does not have to mean a Mad Max scenario. In a great depression the "intelligent" rich will get even RICHER.
But I guess this shows how stoopid a lot of folks here really are...
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Lets look to the great depression as an example. Economic collapse does not have to mean a Mad Max scenario. In a great depression the "intelligent" rich will get even RICHER.
But I guess this shows how stoopid a lot of folks here really are...
We aren't the society that we were during the depression. This time, it won't be nearly as polite.
There was no permanent underclass, dependent on government handouts for generations, willing to supplement with crime. The EBT class will not suffer quietly.
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Of course GOLD is PRIMO. Why do you think the US government keeps it at Fort Knox, but doesn't have the same security for fiat money?
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I sold all my physical gold and silver in early November. About $20k worth. Am taking a break from work so need more passive income, so the precious metals had to go as they don't pay interest or dividends.
I sold when the price went below the support level of $1180. The chart doesn't look good. I will buy gold or gold miners when gold starts uptrending again, at the moment the gold price looks uncertain. Looks like it wants to head back to the $800 - $1000 area:
(http://goldprice.org/charts/history/gold_15_year_o_usd.png)
I am LOOOOONG into physical gold and silver. Meaning, my holdings are meant as a long-term hedge against inflation, not as a run-of-the-mill investment. And yes, I have physical control over them.
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I am LOOOOONG into physical gold and silver. Meaning, my holdings are meant as a long-term hedge against inflation, not as a run-of-the-mill investment. And yes, I have physical control over them.
Good post. Gold should be treated as a storage of value not an investment. Change your mindset to not think of gold as a quantity of Federal Reserve notes but more like real estate. Both will always have value and allow you to keep and transfer wealth generationally through your family. There may be periods where it's advantageous to exchange gold for a specific fiat currency to invest but try to maintain some of the 3 historically recognized stores of value.
1. Gold/Silver
2. Real Estate
3. Fine Art
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Lets look to the great depression as an example. Economic collapse does not have to mean a Mad Max scenario. In a great depression the "intelligent" rich will get even RICHER.
But I guess this shows how stoopid a lot of folks here really are...
Human psychology, laws, demographics, cultures, etc are far different than they were 80 years ago. Look what happens in a US city when a group of people don't get their way in a criminal case having nothing to do with them personally, for instance. I hate to see what will happen if things ever occur that really affect those people firsthand - such as the US going bankrupt and not being able to give those people entitlements they are accustomed to anymore.
How have you done so far, Mr Intelligent Rich guy? Any other tips besides "buy physical gold"? I'm dead serious. I cannot predict the future (unlike lots of guys here), but I've been around enough to know that I wouldn't wish to see a depression, and that gold probably won't be the savior some might think it will be.
Ever hear of Bunker Hunt?
You don't want to see another great depression - even if you live across the world. It probably be far, far worse this time in ways we cannot even imagine.
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The only gold I buy is Optimum Gold Standard fart powder. It's forumulated for real men, so I don't have to worry about any faggy Russians buying it all up
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Ever hear of Bunker Hunt?
The Hunt brothers were trying to corner the market on silver and jack the price up for a nice profit. I was very young, but I was already in the solver market back then. The "spot" price on silver reached $50/oz. but NOBODY as willing to buy.
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The real Caucasians came from the Caucusus mountains and were actually black.
You see, the black man is actually the caucasian Hebrew.
What do you base that on? Facts ? statistics? I think your prediction is BS.
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Most people trading Gold aren't even trading "Physical" Gold. And even people who are buying bulk gold are ending up getting bunk gold. Their filling the gold with bronze or some other worthless metal and many don't have a clue. The GGews have been calling in all gold for some time now...