This economic meltdown is no accident folks

[Yucca]

Ugly...

http://money.cnn.com/data/world_markets/

Red accross the board, BIG losses, MUCH more to come.Feel sorry for anyone hoping for a recovery and "putting their money where their mouth is".

Gold seems to be just fine though thankyou very much .... EXCELLENT! I´m so glad I don´t hold any paper stocks, I just hold a modest number of gold and silver coins. But when this collapse is finished one will be able to buy a good sized house for one gold coin.

This isn´t 1929.... OH NO.... THIS IS 2008!

[utilitarian]

Ugly...

http://money.cnn.com/data/world_markets/

Red accross the board, BIG losses, MUCH more to come.Feel sorry for anyone hoping for a recovery and "putting their money where their mouth is".

Gold seems to be just fine though thankyou very much .... EXCELLENT! I´m so glad I don´t hold any paper stocks, I just hold a modest number of gold and silver coins. But when this collapse is finished one will be able to buy a good sized house for one gold coin.

This isn´t 1929.... OH NO.... THIS IS 2008!

Yes, there is much suffering across the board.  This means buying opportunities, but the less risky way to approach this is to wait for the bottom.

As far as the value of gold, the dollar is actually doing well.  This is because people are rushing to buy T-Bills.  Still, gold is probably not a bad investment right now, but as we all know, there are no sure things out there.

Finally, while I realize that your theory of buying a house for a gold coin is somewhat in jest, the underlying premise is flawed.  Even if the dollar declines, that does not mean that houses will become cheap relative to gold.  A house would likely still be worth as many gold coins as it is worth now.

[Yucca]

@utilitarian, I can only advise caution when picking your bottom (lol  that sounds funny), But seriously, I only wish that you do well.

Also in post war germany a good house could be had for 1Oz gold. FACT! When you realise just how little gold is above ground you realise it's potential. Modern governments have and are trying to devalue gold, it's a threat to the fractional reserve game. I don't doubt that gold will rise 100fold, maybe even 1000fold, it is the last safe haven for wealth to flee to.

For anyone wanting a no nonsense account of exactly what modern "money" is then please do watch the following video, it has no sensationalism or exageration in it, it is not some fringe "conspiracy theory" it is PURELY FACTUAL:

http://www.youtube.com/watch?v=4dpJL6ANnV0

With regart to T-Bills, I can understand why poeple would think long term bills are safe, after all it'll all come back up in the end right? WRONG, it will not, long term bills are just further debt instruments, fractional reserve banking can only continue with ever expanding energy and material supplies, it doesn't just need constant supply, it NEEDS expanding supply, if you understand fractional reserve you will understand this, it's like a fire raging out of control it WILL burn out.

The only thing that is worth investing in is inflation, it is the only thing that will go up. Stock up on real goods.

NOTE:
My wife tried to transfer 2000 euros from her own german bank account into a spanish account using online banking, she was only taken to an information screen stating "your money is safe with us, we will honour your request as soon as possible, blah blah", that's it, no transfer was conducted as it usually has been many times in the past. Needless to say she is now beginning to wonder exactly how safe her money is.

[orbs]

For anyone wanting a no nonsense account of exactly what modern "money" is then please do watch the following video, it has no sensationalism or exageration in it, it is not some fringe "conspiracy theory" it is PURELY FACTUAL:

http://www.youtube.com/watch?v=4dpJL6ANnV0

This is a clip from Zeitgeist: Addendum (mentioned above and in another thread).

[Yucca]

This is a clip from Zeitgeist: Addendum (mentioned above and in another thread).

Thanks for the heads up, I will check the full video out.