Comments on See Me Get Rich: Don't Buy Gold At $1000 An Ounce!

If you bought gold at $1000 and the price of the T...

2010-09-19T07:17:37.374-07:00

If you bought gold at $1000 and the price of the TV was $1000 you would be able to exchange 1 gold piece for $1000 and buy the TV.

Now, when the dollar loses half its value the value of gold will go to $2000. However, the TV will cost $2000 as well. This means if you had kept your original $1000 you would not be able to afford the TV. But if you had bought the gold piece you could still trade it in for $2000 and buy the TV.

So, if a TV cost $1,000.00 before the dollar went ...

2010-08-24T09:39:48.782-07:00

So, if a TV cost $1,000.00 before the dollar went to .50 would it now cost $2,000.00 when the dollar falls to .50? If so, how have I protected myself?

Chris, If you bought 1 ounce of gold at $1000 then...

2010-04-29T20:31:35.845-07:00

Chris,
If you bought 1 ounce of gold at $1000 then say the dollar loses half of it's value. You sell your 1 ounce of gold and get $2000 for it. You have "saved" your purchasing power since what used to cost $1 now costs double because the dollar has lost half of it's "value".

If I buy one ounce of gold @$1,000.00 per ounce, I...

2010-03-17T09:04:42.102-07:00

If I buy one ounce of gold @$1,000.00 per ounce, I will have $1,000.00 worth of gold. If the Dollar crashes, what can I do with my gold?
Can I go to Wal-Mart and spend it? What will it be worth.
Because if the Dollar is worth 1 cent, how much money can I get for my Ounce of Gold?
I see how buying gold as an investment may work, but as protection from the bad economy, is what I don't understand.

With all due respect, the price of gold is only ri...

2010-01-02T00:30:09.892-08:00

With all due respect, the price of gold is only rising because the U.S. dollar is dropping. The shell game of the Federal Reserve's printing of worthless paper money (IOUs good only for what they can buy) to give to the countries, institutions and individuals that are loaning literally trillions of dollars to our bankrupt country is about to collapse--our creditors are about to cut us off. The last thing you want to do when no country in the world will accept U.S. dollars as payment is to be holding U.S. dollars. Gold (and silver, too) has been used as money for thousands of years and will have inherent value as a store of value and means of payment long after the U.S. dollar becomes history. Remember the German mark after World War I? At the end of 1923, the German mark had become so hyperinflated and worthless that it took 4.2 TRILLION marks to equal $1US. And given the rate at which the Fed is printing paper money with absolutely nothing to back it, the U.S. is heading for the same economic fate as Germany 90 years ago. Check out www.shadowstats.com, www.coinflation.com and www.goldismoney.info for articles on where the U.S. economy is going. It's not going to be pretty.