Anyone buying gold as protection against volatility?

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gurey25
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Re: Anyone buying gold as protection against volatility?

Post by gurey25 »

You need physical gold and silver, not Etf paper gold.
This is a massive scam and the means in which gold and silver as shorted. These instruments are traded millions of times a day and shorted so that the price is suppressed.
What some see as a bubble is simply the temporary inability to suppress value.
Gold is probably worth 3 times its value in dollars already.

This is why you need physical gold and silver now as soon as possible.
In 1933 the Roosevelt administration made holding gold illegal with hefty jail time.
This can and will happen again.

There are 3 places to buy physical gold.
You can open an account in dubai for dinar and Dirham, Swiss banks but I recommend shanghai for safety reasons. I have mine in a dubai account and in the process of moving it to shanghai.
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Macarons
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Re: Anyone buying gold as protection against volatility?

Post by Macarons »

gurey25 wrote: Mon Feb 13, 2017 11:41 pm You need physical gold and silver, not Etf paper gold.
This is a massive scam and the means in which gold and silver as shorted. These instruments are traded millions of times a day and shorted so that the price is suppressed.
What some see as a bubble is simply the temporary inability to suppress value.
Gold is probably worth 3 times its value in dollars already.

This is why you need physical gold and silver now as soon as possible.
In 1933 the Roosevelt administration made holding gold illegal with hefty jail time.
This can and will happen again.

There are 3 places to buy physical gold.
You can open an account in dubai for dinar and Dirham, Swiss banks but I recommend shanghai for safety reasons. I have mine in a dubai account and in the process of moving it to shanghai.
I've only invested in gold jewellery for obvious personal reasons, but how do you go about opening a gold account and in Shanghai? Can you elaborate?
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Re: Anyone buying gold as protection against volatility?

Post by zulaika »

Yes, gold gold gold... I've always thought of it as the best form of investment, along with real estate
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Re: Anyone buying gold as protection against volatility?

Post by BVSNet »

I called Barclays to ask about a dollar account, I had to repeat myself a number of times, put me on hold then told me to go to the branch :dead:
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Re: Anyone buying gold as protection against volatility?

Post by Jabuutawi »

What volatility? What crisis is happening now that hasn't happened in the last 20 years?

Sure, gold is good investment if you want no dividend, no interest (haram in Islam), stays flat in value for the next 20 years. Gold peaked in 2011 and has been going down in value ever since.

Gold is better hedge against crisis, not inflation. Even if there were a cataclysmic crisis in the world, what would you do with gold bars, to whom or what would you exchange in return for?

Fact: No individual bank account holder has lost money in America even at the depths of the financial crisis in 2008/2009. This is no Europe.
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Re: Anyone buying gold as protection against volatility?

Post by gurey25 »

Macarons wrote: I've only invested in gold jewellery for obvious personal reasons, but how do you go about opening a gold account and in Shanghai? Can you elaborate?
Still have some here, https://www.e-dinar.com/cgi/?page=dinardirham
in the process of moving to shanghai
www.en.sge.com.cn

I have a good habit of squirelling away little bits of weed , and then when i am out and i cant find a dealer, i look around and always find
some. :lol:

do the same with money, multiple accounts, and bitcoin.
When i lost everything in my bankruptcy, lost my business.
Was totally broke, i did what i do when i run out of weed. look around and see if i kept a little something somewhere.
Bitcoin and the gold account helped bring me back. :lol:
and was lucky is cashed my bitcoin before the 2013, after it multiplied 20 X in value.
my tiny bit of bitcoin and 50 Dinars came in handy.
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Macarons
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Re: Anyone buying gold as protection against volatility?

Post by Macarons »

gurey25 wrote: Thu Feb 16, 2017 3:40 pm
Macarons wrote: I've only invested in gold jewellery for obvious personal reasons, but how do you go about opening a gold account and in Shanghai? Can you elaborate?
Still have some here, https://www.e-dinar.com/cgi/?page=dinardirham
in the process of moving to shanghai
www.en.sge.com.cn

I have a good habit of squirelling away little bits of weed , and then when i am out and i cant find a dealer, i look around and always find
some. :lol:

do the same with money, multiple accounts, and bitcoin.
When i lost everything in my bankruptcy, lost my business.
Was totally broke, i did what i do when i run out of weed. look around and see if i kept a little something somewhere.
Bitcoin and the gold account helped bring me back. :lol:
and was lucky is cashed my bitcoin before the 2013, after it multiplied 20 X in value.
my tiny bit of bitcoin and 50 Dinars came in handy.
Thanks. I'm excited to try sge out.

That was smart, having your eggs in multiple baskets. I think the biggest hurdle is actually setting up a business in the first place, so well done. I have some confidence in my business concept but that first initial step is mysteriously difficult. :lol:
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