View Single Post
Old 07-04-2012, 04:21 AM   #22
mortgrhhh

Join Date
Oct 2005
Posts
320
Senior Member
Default
At the mirco-level , several groups are resisting againt the internation satanic bankers . One such group is active in Indonesia.

Indonesia group prefers gold as dollar loses shine

Guided by a Scottish-born convert to Islam, a group of devout Indonesian Muslims is shunning "worthless" paper money in favour of gold and silver coins for their daily transactions
The followers of Sheikh Abdalqadir as-Sufi -- born Ian Dallas -- trade goods like food, medicine, clothes and phone cards with gold dinars and silver dirhams in line with a strict interpretation of Islamic law.
Bro, with price of gold going up in the last decade, we have started to see a lot of gold bugs nowadays, with almost all speculating further rise in gold price. The gold has already gone up from about $220-240 /ounce (2001) to $1686 /ounce (today closing). Whereas silver has gone from about $1-2 /ounce to $ 32 /ounce. Both these items are in bubble territory.

Bro Pawlak will not tell you that, but let me tell you that the biggest investor in silver commodities is no other than JPMorgan Chase, go figure. Both gold and silver are purely speculative play at this moment, with hedge fund and Investment Bankers betting big time (the best way tofigure it out is to take any stock and look at its investment holdings) . But imagine what will happen to the poor investor when these speculators withdraw from this market space?. However, there are chances that gold might fall by about 50% (to say $900 /ounce), if that happens than those investing in gold/silver or are buying gold and silver coins will get badly hurt. It always good to be diversified in your investments, that what I learned in graduate school.

Another thing is that for anyone to trade gold and silver coins with another commodities, they need to have an exchange like CME (Chicago Merchantile Exchcange), so incase if the prices of gold and silver plunges, there can still be a fair trade between commodities (gold vs rice etc).
mortgrhhh is offline


 

All times are GMT +1. The time now is 10:43 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity