'Free money for everybody continues unabashed'; Fed won't taper quantative easing or how I stop worr - Polidicks

[quote=CNBC]When [URL="http://www.cnbc.com/id/10000310"]Ben Bernanke[/URL] announced that the[URL="http://www.cnbc.com/id/10000709"]Federal Reserve[/URL] would not reduce the pace of its $85 billion-per-month quantitative easing program, [URL="http://data.cnbc.com/quotes/%401GC13Z"]gold[/URL] greeted the news with open arms. The yellow metal promptly added more than $50 after Wednesday's news to hit the highest level in a week.But Peter Boockvar says we've only seen the beginning of gold's response to the news. "The two-year bear market for gold is over, and the uptrend is going to resume," said Boockvar, chief market analyst at the Lindsey Group.[/Quote] [quote][URL]http://www.cnbc.com/id/101045446[/URL][/quote] It seems the Fed will continue it's bond purchases indefinately. They are now afraid if a situation like Japan happening to the US, so they will continue to keep interest rates low by purcashing U.S. bonds. This also means the stock bubble grows even larger, as the big investments companies have made will not be hit by the higher rates, which does effectively mean they are not profitable in a high-rate economy, which will lead to a new recession when the rates some day do go up.

Why would I buy gold?

[QUOTE=Sobotnik;42238663]Why would I buy gold?[/QUOTE] Because that man on the 90's quality infomercial with the suit covered in dollar signs said so.

Most gold wont help you, they'll just take it. [url]https://en.wikipedia.org/wiki/Executive_Order_6102[/url] Well, that's untrue, they'll give you some more worthless papers with worthless numbers on them.

[QUOTE=tinos;42238813]Most gold wont help you, they'll just take it. [url]https://en.wikipedia.org/wiki/Executive_Order_6102[/url] Well, that's untrue, they'll give you some more worthless papers with worthless numbers on them.[/QUOTE] This order is no longer in force.

[QUOTE=Sobotnik;42238826]This order is no longer in force.[/QUOTE] I think he is pointing out the federal government has taken people's gold by force before, so they will probably do it again.

[QUOTE=Sobotnik;42238826]This order is no longer in force.[/QUOTE] Because taking whatever they please from us can't happen anymore, we're much too advanced now, right?

[QUOTE=Beafman;42238880]I think he is pointing out the federal government has taken people's gold by force before, so they will probably do it again.[/QUOTE] Do you have any evidence they will do this or be willing to do this?

[QUOTE=Sobotnik;42238663]Why would I buy gold?[/QUOTE] To hide your wealth from the evil 1% illuminati lizards.

[QUOTE=Sobotnik;42238895]Do you have any evidence they will do this or be willing to do this?[/QUOTE] Do I have evidence of they will? No, I don't. But pointing out that governments have in earlier times confiscated gold from their populations against their will, I think, is a valid point. Will they be willing? I can't talk for the government, but like the switch from oil-to-eletrical cars are frought with problems for a government getting a big part of their budget from oil tax reveneus, a switch to a non-taxed asset will be a problem.

[QUOTE=Beafman;42238928]Do I have evidence of they will? No, I don't.[/quote] Then why all this? [quote]But pointing out that governments have in earlier times confiscated gold from their populations against their will, I think, is a valid point. Will they be willing? I can't talk for the government, but like the switch from oil-to-eletrical cars are frought with problems for a government getting a big part of their budget from oil tax reveneus, a switch to a non-taxed asset will be a problem.[/QUOTE] What? How does this even make sense?

[QUOTE=Sobotnik;42238663]Why would I buy gold?[/QUOTE] If you knew for certain your savings would be drastically devalued through possible future hyper-inflation, buying gold would be wise. Of course there are risks associated with buying gold as well, ie the government confiscating it or dumping tons of gold on the market.

[QUOTE=Lamar;42238994][b]If[/b] you knew for certain your savings would be drastically devalued through [b]possible[/b] future hyper-inflation, buying gold would be wise. Of course there are [b]risks[/b] associated with buying gold as well, ie the government confiscating it or dumping tons of gold on the market.[/QUOTE] Sounds legitimate with all these "ifs", "possibles" and unfounded claims that the government deliberately fucks around with gold despite it just being some metal which happens to be valued a lot by people. Gold is not inherently valuable.

You know what is inherently valuable? Sheep. And women, maybe.

[QUOTE=A B.A. Survivor;42239144]You know what is inherently valuable? Sheep. And women, maybe.[/QUOTE] and steak

[QUOTE=A B.A. Survivor;42239144]You know what is inherently valuable? Sheep. And women, maybe.[/QUOTE] Cash 4 Sheep does not have the same ring to it though; the special envelopes would have to be huge.

Plus sheep have an upkeep cost and an expiration date.

The price of gold has been decreasing. So on some level that goes against the Ron Paul reasoning but on the other hand the price of Platinum is more stable?

[QUOTE=person11;42239308]The price of gold has been decreasing. So on some level that goes against the Ron Paul reasoning but on the other hand the price of Platinum is more stable?[/QUOTE] Metal standards have hilarious circumstances when somebody discovers a massive mountain full of gold or silver: [url]http://en.wikipedia.org/wiki/Price_revolution[/url]

Besides if you got Gold, couldn't you just dig a secret vault in your basement or someshit and hide all the Gold in there? If you wanted to go into criminal levels of hiding it, couldn't you do something like: - Purchase the Gold with all your savings. - Buy a cheap safe large enough to house the Gold. - Hide Gold in secret location instead (secret basement?). - Brag about it until damn near half the town knows you have it. - Destroy the locking mechanism on the safe and smash your back door. - Call the police and complain that someone stole your Gold.

[QUOTE=person11;42239308]The price of gold has been decreasing. So on some level that goes against the Ron Paul reasoning but on the other hand the price of Platinum is more stable?[/QUOTE] people buy gold when there is a recession because it has been highly valued through much of history and its nice because it can be melted. its also nice for times when you are unsure how much money is going to be worth. investing in gold is simple: price goes up during recession and down during good times

[QUOTE=Sobotnik;42238895]Do you have any evidence they will do this or be willing to do this?[/QUOTE] [url="http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425"]Yes[/url]

[QUOTE=fork in brain;42239435]people buy gold when there is a recession because it has been highly valued through much of history and its nice because it can be melted. its also nice for times when you are unsure how much money is going to be worth. investing in gold is simple: price goes up during recession and down during good times[/QUOTE] So buy gold when times' are good and sell when times' are bad. Capitalize on Ron Paul supporters, play their own game against them.

[QUOTE=A B.A. Survivor;42239144]You know what is inherently valuable? Sheep. And women, maybe.[/QUOTE] IOU's

[QUOTE=Bradyns;42241589]IOU's[/QUOTE] In extension, sexual favors. although most likely regrettable.

Why not just invest in some really expensive wine? And you know that its value grows the longer its aging.

[QUOTE=SuddenImpact;42241839]Why not just invest in some really expensive wine? And you know that its value grows the longer its aging.[/QUOTE] Really rich people have actually started doing that. Although the price for wine is more or less subjective, so it's like bitcoin, except with booze.

[QUOTE=Van-man;42241871]Really rich people have actually started doing that. Although the price for wine is more or less subjective, so it's like bitcoin, except with booze.[/QUOTE] And when the value goes through the floor you can at least get wasted.

[QUOTE=No_Excuses;42241994]And when the value goes through the floor you can at least get wasted.[/QUOTE] Good point. Although getting shitfaced on wine usually result in gutwrenching pain [B]AND[/B] a massive headache.

[QUOTE=Mr. Someguy;42239393]Besides if you got Gold, couldn't you just dig a secret vault in your basement or someshit and hide all the Gold in there? If you wanted to go into criminal levels of hiding it, couldn't you do something like: - Purchase the Gold with all your savings. - Buy a cheap safe large enough to house the Gold. - Hide Gold in secret location instead (secret basement?). - Brag about it until damn near half the town knows you have it. - Destroy the locking mechanism on the safe and smash your back door. - Call the police and complain that someone stole your Gold.[/QUOTE] Yeah you could. Most people do not keep gold around their houses, only in the form of jewelry. Most thieves wouldn't be going after it, as long as you don't go around bragging you got a 100 kg of gold around your house.