gold and sliver

Posts: 15

i want to know what your guys' take is on investing in gold and silver. it seems just about everywhere you turn there are advertisements that offer to either buy your gold and silver or sell it to you. with the dramatic price increase over the past decade or so (and the huge spike over the course of the past year or two) it seems like a wise investment, as the value is only going up. ive considered the possibility that prices are being manipulated (which im sure they are to some extent), but there doesnt seem to be the kind of monopoly that controls something like diamonds. is this a legitimate investment or some sort of clever fraud?

Posts: 8221

Already discussed here. It's a scam. Metals are controlled.

Food and water will be whats valuable above all else.

Posts: 15

	madthumbs wrote:
	Already discussed here. It's a scam. Metals are controlled. Food and water will be whats valuable above all else.

wheres that?

EDIT: yeah i found where you posted a video link about that, but unfortunately i cant watch online videos with my current pc situation (POS). also, i saw that that had been posted before gold hit 1k/oz so things in the commodities market have changed rather dramatically.

Posts: 2699

RugglerDuggler wrote:

i want to know what your guys' take is on investing in gold and silver. it seems just about everywhere you turn there are advertisements that offer to either buy your gold and silver or sell it to you. with the dramatic price increase over the past decade or so (and the huge spike over the course of the past year or two) it seems like a wise investment, as the value is only going up. ive considered the possibility that prices are being manipulated (which im sure they are to some extent), but there doesnt seem to be the kind of monopoly that controls something like diamonds. is this a legitimate investment or some sort of clever fraud?

Nice question. Madthumbs is absolutely correct that gold and silver are manipulated. However according to Max Keiser it seems it is being manipulated so their prices can stay down. Gold just broke 1k recently which seems rather odd with market being the way it is. High prices in commodities usually means that the rest of the market will go to crap or it already is. Keep in mind that "investing" is just a cool word for gambling when it comes to the market.

Jim Rogers seems to agree with madthumbs as well. He says that farming will be the one of the best industries to be in for the next 20 years.

Posts: 8221

I wouldn't agree that farming would be a good industry. Look at what they did to Percy when Monsanto dumped their GMO rape seed in his field, or what they did to cattle farmers for the cover up of pesticides causing brain damage (mad cow). Then there's the ongoing salmonella and e-coli scares.

Posts: 2699

	madthumbs wrote:
	I wouldn't agree that farming would be a good industry. Look at what they did to Percy when Monsanto dumped their GMO rape seed in his field, or what they did to cattle farmers for the cover up of pesticides causing brain damage (mad cow). Then there's the ongoing salmonella and e-coli scares.

While all this is true, it is only tactics of those that want to control a resource and destroy competition. However Monsanto doesn't have a good rep with the educated parts of the population and that will hopefully continue. I think the point is to return food production back to the bigger portions of the population rather than have it centralized to huge agricultural monopolies. However we are digressing.

For the original poster I think what you need to keep in mind is that the market is never certain and it comes with risk. However the name of the game is risk. Those who are successful in that game are the ones that were willing to take the risk. Here is the video from Max Keiser and Stacy Herbert I was referring to earlier.

Posts: 2699

Here are some more arguments for agriculture.

	Quote:
	March 9 2009 Rogers Says Farmers Will Drive Lamborghinis, Not Brokers Jim Rogers, chairman of Singapore-based Rogers Holdings, talks with Bernard Lo about Rogers's investment strategy for the agricultural commodities market. Rogers, speaking from Singapore, also discusses his outlook for China and U.S. economies and the global financial crisis.