Topic: Don't Invest In Gold - ESPECIALLY If Noory Tells You To.

[b_dubb]

so i want to slap noory every time i hear him pitch 'buy gold'.  it's a scam.  only an idiot would buy gold AT AN ALL TIME HIGH.  you SELL on the way up.  and buy on the way down.  if you want to invest, buy some penny stocks.  talk to someone you trust.  DON'T listen to noory.  or beck.  or any of the Clear Channel tools.

now would be a good time to buy some stocks as the prices are depressed (low).  most precious metals are at all time highs or close to all time highs.

also ... eFoods can bite my ass. 

i hate how C2C seems like it will do anything to make a buck.  including using scare tactics. 

bite me george. you douche.

b

[Michael Vandeven]

so i want to slap noory every time i hear him pitch 'buy gold'.  it's a scam.  only an idiot would buy gold AT AN ALL TIME HIGH.  you SELL on the way up.  and buy on the way down.  if you want to invest, buy some penny stocks.  talk to someone you trust.  DON'T listen to noory.  or beck.  or any of the Clear Channel tools.

now would be a good time to buy some stocks as the prices are depressed (low).  most precious metals are at all time highs or close to all time highs.

also ... eFoods can bite my ass. 

i hate how C2C seems like it will do anything to make a buck.  including using scare tactics. 

bite me george. you douche.

b

also, with these "invest in gold" companies, you don't actually get physical gold.  you get a piece of paper.  bullshit.  if we have an all-out economic catastrophe and the road warrior situation ensues, your piece of paper is going to be about as valuable as the toilet paper you're using it to replace.


and eFoods?  blow me.

[The General]

Yeah, it's not just C2C or just Noory, all AM talk shows sell GOLD.  It is such a scam.  Gold wouldn't buy you squat if the economy collapsed.  Why would these gold companies want your cash if their gold was such a bargain?

But efoods?  That's some high quality shiz right there.

[Ruteger]

I agree, but we should all have a supply of food and water in the even of a natural disaster, terrorist attack, etc. How are the rest of you preparing? A week's worth or two? In Oklahoma we had some serious snowstorms this past winter, and the shelves at my local Wal-mart were picked bare. It was scary and a real eye-opener! I say everyone should have a 7-day supply on hand at minimum of food and water.

[Michael Vandeven]

Yeah, it's not just C2C or just Noory, all AM talk shows sell GOLD.  It is such a scam.  Gold wouldn't buy you squat if the economy collapsed.  Why would these gold companies want your cash if their gold was such a bargain?

But efoods?  That's some high quality shiz right there.

hey general.  welcome to the forums.  your avatar cracked me up.  i always love to see how other people visualize what phil hendrie's characters would look like.

[The General]

10-4. 

But I am the REAL Gen Jamison Johnson.  From deep below the rockies.
Which is why I have a lifetime supply of eFoods.  haha.

[Michael Vandeven]

Which is why I have a lifetime supply of eFoods.  haha.

hahaha

[kosai]

so i want to slap noory every time i hear him pitch 'buy gold'.  it's a scam.  only an idiot would buy gold AT AN ALL TIME HIGH.  you SELL on the way up.  and buy on the way down.  if you want to invest, buy some penny stocks.  talk to someone you trust.  DON'T listen to noory.  or beck.  or any of the Clear Channel tools.

now would be a good time to buy some stocks as the prices are depressed (low).  most precious metals are at all time highs or close to all time highs.

also ... eFoods can bite my ass. 

i hate how C2C seems like it will do anything to make a buck.  including using scare tactics. 

bite me george. you douche.

b

I think the best use of Gold is as a store of value for long term savings to counteract inflation.

I think everyone knows that back in the 1920s you could buy a loaf of bread from the local store for $0.20, or a bottle of soda for $0.10. Today the national average is close to $3.50 for that same loaf of bread. When the federal reserve was formed the dollar started from full value and has now lost over 90% of it's total value from inflation. Within the past 10 years alone it has lost 30%+ of it's value. That means if you started with $1,000 10 years ago you would now have the purchasing power of $700. Inflation isn't natural and normal it's a direct result of monetary policy and expansion of the money supply.

Here's an example. When 1 ounce of gold use to be $35 (I believe 1960s or 1970s), you could get a well tailored suit for that $35. Today an ounce is roughly $1,200 which is the same price of a well tailored suit. The only thing that has really changed is inflation. It now costs more dollars to get the same item. That's why in the eyes of many Gold is the only real currency. It keeps it's value many generations later. If in 10 years time the same suit costs $5,000 then 1 ounce of gold will be worth $5,000.

[kosai]

I forgot to add one other thing.

Ron Paul wrote the book "A Case for Gold" in the 1980s talking about exactly what's happening now. He said in the book that every currency that isn't tied to a natural resource will eventually erode away all the value of the currency and eventually have a crisis of inflation. The main reason being that a natural resource stops the currency from falling too much because that natural resource will always have a real value. The dollar on the other hand isn't tied to anything and is only worth what global investors believe it's worth. When there is a crisis of confidence it will be tied to a crisis of inflation.

I think most people aren't aware of the inflation mostly because it's so gradual. There aren't many people alive to remember buying bread at $0.20 instead of $3.50.

[The General]

I think the best use of Gold is as a store of value for long term savings to counteract inflation.

I think everyone knows that back in the 1920s you could buy a loaf of bread from the local store for $0.20, or a bottle of soda for $0.10. Today the national average is close to $3.50 for that same loaf of bread. When the federal reserve was formed the dollar started from full value and has now lost over 90% of it's total value from inflation. Within the past 10 years alone it has lost 30%+ of it's value. That means if you started with $1,000 10 years ago you would now have the purchasing power of $700. Inflation isn't natural and normal it's a direct result of monetary policy and expansion of the money supply.

Here's an example. When 1 ounce of gold use to be $35 (I believe 1960s or 1970s), you could get a well tailored suit for that $35. Today an ounce is roughly $1,200 which is the same price of a well tailored suit. The only thing that has really changed is inflation. It now costs more dollars to get the same item. That's why in the eyes of many Gold is the only real currency. It keeps it's value many generations later. If in 10 years time the same suit costs $5,000 then 1 ounce of gold will be worth $5,000.

Gold's long-term track record is really bad. 
The average lifetime annual growth of gold is only 2.14%.
All of the money made by investing in gold has been since 2001.

This from Jeremy Siegel's book "Stocks for the Long Run".....

    One dollar invested in bonds in 1801 would yield $13,975 today.
    One dollar invested in stocks in 1801 would be worth $8.8 million today.
    One dollar invested in gold in 1801 would be worth $14 today.

[kosai]

I think the best use of Gold is as a store of value for long term savings to counteract inflation.

I think everyone knows that back in the 1920s you could buy a loaf of bread from the local store for $0.20, or a bottle of soda for $0.10. Today the national average is close to $3.50 for that same loaf of bread. When the federal reserve was formed the dollar started from full value and has now lost over 90% of it's total value from inflation. Within the past 10 years alone it has lost 30%+ of it's value. That means if you started with $1,000 10 years ago you would now have the purchasing power of $700. Inflation isn't natural and normal it's a direct result of monetary policy and expansion of the money supply.

Here's an example. When 1 ounce of gold use to be $35 (I believe 1960s or 1970s), you could get a well tailored suit for that $35. Today an ounce is roughly $1,200 which is the same price of a well tailored suit. The only thing that has really changed is inflation. It now costs more dollars to get the same item. That's why in the eyes of many Gold is the only real currency. It keeps it's value many generations later. If in 10 years time the same suit costs $5,000 then 1 ounce of gold will be worth $5,000.

Gold's long-term track record is really bad. 
The average lifetime annual growth of gold is only 2.14%.
All of the money made by investing in gold has been since 2001.

This from Jeremy Siegel's book "Stocks for the Long Run".....

    One dollar invested in bonds in 1801 would yield $13,975 today.
    One dollar invested in stocks in 1801 would be worth $8.8 million today.
    One dollar invested in gold in 1801 would be worth $14 today.

I completely agree. I think that's the point of Gold. It's a place to keep savings. If the dollar goes up gold goes down, if gold goes up the dollar goes down. The majority of its history is correlated with the dollar except for a number of instances where it decouples.

Stocks and bonds are also both tied to the dollar except they expand with the inflation. It's the same way that a loaf of bread use to cost $0.20 and now it costs $3.50. However, it's clear that even if you adjust for inflation you would have been vastly wealthy to invest in bonds or stocks from their inception. I think this is simply explained by the government and media changing the mindset of the average person to invest. Every industrialized nation gives tax incentive for employs to differ a portion of their annual earnings into some type of retirement investment vehicle. I can still clearly remember the massive bull market that America had for well over 20 years, the biggest bull market in history. It was mostly fueled by the mass media's acceptance of previously speculative instruments to safe long term financial instruments that the average person could use to grow their retirement.

In my opinion, it's clear that market crashes are deliberate ways to cash in on the ponzi scheme. I think people aren't aware that when their retirements funds dropped 40% (on average) during the 2008 - 2009 decline that the money didn't vanish into thin air. There were people on the other side of the trade that profited. I think inflation is also similar. Your money doesn't magically lose it's value, there is someone on the other side who benefits from inflation. It's the wealth of the people being siphoned. The savings & loan scandal, the dot com bubble, the housing scam, et cetera. With housing the banks figured out a way to repackage debt and sell it to foreigners. They now no longer cared if the person repaid the loan and as a result had a conflict of interest. They could sell houses to unqualified people and make the money since the debt is instantly sold in the markets. It was already admitted that many lenders were following this practice. Whenever you have a conflict of interest cheating enters the system without proper regulation. During the height of the dot com bubble for instance, there were companies reported to create fake listed IPO companies under different names to cash in on the rise of the stock. At the height of the frenzy any technology IPO would rise 500% in days. Same with housing, in hot areas a 20% annual rise wasn't unheard of.

Tons more examples but for anyone paying attention the trends are extremely clear. All of these major systems are essentially pyramid or ponzi schemes. They have one major uninformed group putting their money into a system that will ultimately crash. Before the crash the people in the know exit their funds to make their profit and also sell on the way down. A regular fleecing of the uninformed public.

I agree however, that if you are informed and keep your eye on what's going on you can be far more wealthy trading stocks or bonds than you will with gold.

Finally I agree that U.S. stocks long term will continue to rise however, I think it's clear that the rise will be purely inflationary. I believe the Dow Jones had a high of 14,500 and fell as low as ~8000 during the crash - ending the fleecing phase. We can get into high frequency trading as a catalyst for the magnitude of the current move especially since the volume has been exceptionally low, indicating a lack of real market participation - but generally speaking an argument can be made that the gains made in the future for stocks will mostly be from inflation. When you look at the prospects of graduates you realize that most of america is employed by the service sector. Thanks to things like NAFTA and GATT the manufacturing base and service sector jobs are being outsourced. The loss of wealth producing jobs will mean that the average person in the next generation won't have much money to invest. With a negative savings rate, 60 trillion in unfunded liabilities, decline in jobs with no major investments in the manufacturing capacity, I just can't see who will fuel another 20 year bull market. Outside of inflation or high frequency trading scams I can't see how else the markets can rise.

[Michael Vandeven]

Kosai...
You seem absolutely brilliant. I hope you will be a regular poster here. I really enjoyed your posts in this thread.

[Peenman Enterprises]

I don't know about the forms of gold you hear advertised on talk shows, but I have moved a significant part of my 401k into gold etfs. It is a great counter balance to market volatility. It's not the answer to everything but it has its place.

[Chupacabra]

I remember Artbell promoting Gold In the 1990s and of course the windup radio from the c-crane company.

[punkinpie]

I remember Artbell promoting Gold In the 1990s and of course the windup radio from the c-crane company.

I still have one of the Beijing Freeplay radios!  I just used it a few weeks ago when we had a bad storm and the warning sirens were going off.  I wanted it so bad for so long because of the c-crane commercials on C2C.

[Michael Vandeven]

I remember Artbell promoting Gold In the 1990s and of course the windup radio from the c-crane company.

I still have one of the Beijing Freeplay radios!  I just used it a few weeks ago when we had a bad storm and the warning sirens were going off.  I wanted it so bad for so long because of the c-crane commercials on C2C.

in the years you've owned it, how many situations would you say you've had where you used that radio because you had no other options?

[punkinpie]

I remember Artbell promoting Gold In the 1990s and of course the windup radio from the c-crane company.

I still have one of the Beijing Freeplay radios!  I just used it a few weeks ago when we had a bad storm and the warning sirens were going off.  I wanted it so bad for so long because of the c-crane commercials on C2C.

in the years you've owned it, how many situations would you say you've had where you used that radio because you had no other options?

Three?  Maybe four?  In those three or four situations I was really glad to have it though.  I hate putting batteries in radios because I always forget them and they spill acid.


I keep it in the basement in a container with candles and matches.  It's going on 15 years old and still looks brand new, largely due to being in a sealed container in storage where ever I've lived. 

[Chupacabra]

hmmm, how many turns does it take to make it play for lets say 20 min

[punkinpie]

If it's in the sun, then I think it just works because there are solar panels on it.  Don't quote me on that though.  The only times I've used it is during a storm, so I wasn't outside.  To make it play for 20 minutes you only have to crank it like ten times.  It doesn't take much at all.

[punkinpie]

Okay, so I had to go test it out.  I had it in the sun long enough to take the picture, maybe 30 seconds and it played for a little over five minutes.

[Michael Vandeven]

I remember Artbell promoting Gold In the 1990s and of course the windup radio from the c-crane company.

I still have one of the Beijing Freeplay radios!  I just used it a few weeks ago when we had a bad storm and the warning sirens were going off.  I wanted it so bad for so long because of the c-crane commercials on C2C.

in the years you've owned it, how many situations would you say you've had where you used that radio because you had no other options?

Three?  Maybe four?  In those three or four situations I was really glad to have it though.  I hate putting batteries in radios because I always forget them and they spill acid.


I keep it in the basement in a container with candles and matches.  It's going on 15 years old and still looks brand new, largely due to being in a sealed container in storage where ever I've lived.

wow!  15 years.  how the time has flown.

[b_dubb]

rather than invest in goldscam.com ... consider investing in oil, oil companies, or an oil mutual fund.  like gold .. there is a finite amount of oil in the world.  but oil is gradually being used and becoming rarer with every second. 

i hate the fact that oil is destroying the environment. don't get me wrong.  maybe you can make a few bucks, buy some solar panels and get the hell of the grid.  buy some chickens.  get a garden going.  get a hybrid or an electric car. 

i have an issue of Make magazine that contains complete plains and parts list for converting your standard car to electric for about $6k

[Lena]

How is it Noory's fault that you were too ignorant to buy gold when it was low?
The price of gold is still rising , and will probably continue so.
It's at least a safer wealth storage than an inflating / devalue-able currency.
Of course 'you' buy physical gold and not certs, but it's not the most important thing to buy, and nobody forces you.
So stop whining and get over it that you didn't buy any 10 years ago

[b_dubb]

How is it Noory's fault that you were too ignorant to buy gold when it was low?
The price of gold is still rising , and will probably continue so.
It's at least a safer wealth storage than an inflating / devalue-able currency.
Of course 'you' buy physical gold and not certs, but it's not the most important thing to buy, and nobody forces you.
So stop whining and get over it that you didn't buy any 10 years ago

gold isn't an investment.  it's a means of hedging against inflation as the value of fiat currency veers sharply away from the value of gold.


not buying gold != ignorant.  i'd take Suze Orman's advice over Noory's.  i don't hear her yapping about gold

[Gabor Sweden751110]

Better to buy food, water, give it away instead
But do not give away money to Relief Societies
Look at the Red Cross in Sweden. can not even recognize
account for money cost transparency

Best help is to give away something that someone needs.
It is not money



 

provide games rather old game system, instead of buying gold

1 $ for many snes game on ebay ,


save money are best 
Maybe  i can play  game  in and have alien a real friend over telepathic connect , or play game real ghost

Why not first save money before burn up

Try to be free from tax system
Gold gives only problems
Difficult to use the gold for fun

Put down the tax system let people be free

You can help others without giving away money to pay

Have crazy time , be free crazy ,

Politic are too crime ,


Joke are best  you can sell for money fast can do , get fast money .

Real hypnoses comedy , hehe

[TaoOfLuxLisbon]

The ads for E-foods are becoming more disgusting. "Patriot Packs" if you buy $234 dollars worth of food....because we've had 234 years of freedom........

[Frys Girl]

The ads for E-foods are becoming more disgusting. "Patriot Packs" if you buy $234 dollars worth of food....because we've had 234 years of freedom........

The guy who owns that e-foods direct company has one of the yammiest voices I've ever heard. He reminds me of Bonanza and Little House wrapped in one. He's always blabbing about "the increased cost of raw materials to make the delicious food." Very creepy and NOT appetizing. How can people want to eat something from this man? Noory is a jackass. He advertises this junk and after he records the adverts he probably goes over to the Palm or Cheesecake Factory with Tommy and giggles over Pina Coladas.
Also, the GCN owner, Tom Anderson (?) also has a terrible voice. These guys really make it clear why it's necessary to have good broadcasters to sell your crap for you. Rush Limbaugh is good at that. I remember he was selling hot water heaters, and I swear I never needed or wanted one, but I thought, this is a great gift for my dad.

[Lunger]

so i want to slap noory every time i hear him pitch 'buy gold'.  it's a scam.  only an idiot would buy gold AT AN ALL TIME HIGH.  you SELL on the way up.  and buy on the way down.  if you want to invest, buy some penny stocks.  talk to someone you trust.  DON'T listen to noory.  or beck.  or any of the Clear Channel tools.

now would be a good time to buy some stocks as the prices are depressed (low).  most precious metals are at all time highs or close to all time highs.

also ... eFoods can bite my ass. 

i hate how C2C seems like it will do anything to make a buck.  including using scare tactics. 

bite me george. you douche.

b

When did you write this?
 
Was it when gold was at $800?  $1000  $1200 $1400 $1600?
 
While I agree that That Idiot Noory is a total douche, but you don't know what you are talking about.
 
Gold will ebb and flow, but I can read a chart.  You keep your money in dollars or some laughable penny stocks ( seriously, penny stocks?  A worse place to 'invest' your money has yet to be developed ) and we will see what develops
 
I started buying physical gold when it was $450 an ounce.  I bought 10 ounces last week @ $1600.  Price will have to drop quite a bit very rapidily before I start to lose money.  In the meantime, I retain value, because that crap in your wallet isn't money - its currency, and has no real value.
 
BTW:  Stock are by no means cheap yet.  Silver is actually still a better investment then gold.  I can see where it will at least get to 80. 
 
 

[Avi]

Premiere will shuck for whomever buys advertising. They must have presented the Coast audience as the type to buy certain types products when they approached the gold scammers and the e-food dealers. It's all very incestuous and the bigger the ad contract, the more control the advertisers have over program content. As everyone knows, the mentions of gold during George's interviews with his cadre of 'economists' are mandated by the advertising contract. This is why Steve Quayle and Alex Jones are so often invited - they also have advertising contracts with these firms.

What irritates me most is how George will blurt out, apropos of nothing, "We have a fiat currency!" Of course we do. Georgie, gold is a fiat, too. Fiat simply means declared. Like the cowrie shells of west Africa or the tulips of Holland in days of yore, gold has a declared value and that is all. You can't eat it and it doesn't love you. It has no intrinsic value, except, perhaps, as jewelry or in electronics or in coins - which decreases its declared value, usually. Gold is not an investment panacea. For most investors, it's a meaningless addition to their minuscule portfolios (under 1 million is considered very little). Note that the big investors in the stock market casino (yes, that's all it really is) invest in gold mines. They have the means to invest in the production of wealth. The average retirement fund does not play in this league - too risky. Lear Capital may claim to have its own vaults, but in a crashed economy (which they may help to bring about by playing with gold futures to drive the price up - can you say "bubble?"), a lump or two of gold, or a box of coins, isn't going to go very far. Indeed, the same scammers, who originally sold it to you, will offer to buy it back for pennies on the dollar, I'll bet.

[Frys Girl]

It's really hard to make money off of money. I think that gold is wise for those people who have the big bucks and want to put it in savings with peace of mind. But when the NWO or regime or whatever you call this junkyard we live in these days collapses, I don't think that gold will be useful, and that's why I have a problem with George Noory and Alex Jones selling it. Most of the audience is not loaded or retired to be dropping cash on gold. Ethics in business isn't always necessary, but these jackasses call themselves Journalists, so c'mon.