Long Position on Silver and Gold?

[tmckay2]

determining how to invest in precious metals is like anything else, very unpredictable. in the future they could be priceless or worthless, it depends. as has been said, the markets have been manipulated, and its pretty clear. additionally, its hard to predict how the government would treat gold or silver if the market truly sky rockets, as in, nearly all gold and silver are gone. its like investing in anything else, the big question is what will the government do about it? will they tax it? "reclaim" it like they did during the depression for peanuts?

[Sawin]

determining how to invest in precious metals is like anything else, very unpredictable. in the future they could be priceless or worthless, it depends. as has been said, the markets have been manipulated, and its pretty clear. additionally, its hard to predict how the government would treat gold or silver if the market truly sky rockets, as in, nearly all gold and silver are gone. its like investing in anything else, the big question is what will the government do about it? will they tax it? "reclaim" it like they did during the depression for peanuts?

We all need to keep reminding Americans that they're free, and the government cannot "reclaim" something that was not theirs to begin with...

[kidicarus13]

We all need to keep reminding Americans that they're free, and the government cannot "reclaim" something that was not theirs to begin with...

Most of the country turned in their gold in 1933 (Executive Order 6102) and most will do it again if asked to. America 2014 is a lot less stand-for-what-you-believe than America 1933.

[ChunkyMonkey]

Most of the country turned in their gold in 1933 (Executive Order 6102) and most will do it again if asked to. America 2014 is a lot less stand-for-what-you-believe than America 1933.

I disagree.. Today, most Americans are selfish and in it for themselves compare to 1933. The society is so fractured nowadays compare to back then. The word trust and govt were still in the same sentence back then.

[hatidua]

determining how to invest in precious metals is like anything else, very unpredictable. in the future they could be priceless or worthless

Disclaimer: I no longer own any gold. However, I can't recall ever reading about a time in history, as far back as records go, when gold has been worthless. We humans seem to think that yellow metal is worth something and I suspect that sentiment will outlive me.