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 FrankNStein902
Joined: 12/26/2009
Msg: 52
Gold-The only safe investment?Page 4 of 4    (1, 2, 3, 4)
Guess us crazy gold people are looking pretty smart these days!

Unless you where one of those ones that bought the junk Beck was pitching.

For Glenn Beck's Gold Plated Sponsor, Fresh Scrutiny
Goldline Exec Rejects Customers' Claims Of Rip-off, Warns Government Could Take Away Gold


By MATTHEW MOSK, JOSEPH RHEE and BRIAN ROSS
July 20, 2010


An executive with Goldline, one of two gold companies now under investigation for their sales practices, told ABC News Tuesday morning that his company does not intentionally steer customers toward overpriced gold coins – but he also touted the coins as a safe harbor because "no one knows" whether the U.S. government will seize gold from private citizens.
California authorities investigating Goldline's sales practices.

In an interview on Good Morning America, Goldline executive vice president Scott Carter responded to allegations that his company has made a fortune by persuading gold investors that collectable coins are worth buying, despite a hefty mark-up. He said the firm, which weaves its sales pitches into broadcasts by popular conservative political personalities – including two former presidential candidates and Fox News host Glenn Beck – is simply offering its customers sound advice.

"You should hold this three to five years," said Carter, "preferably 10." He said that some of the price of the gold coins his company sells can be traced to "upfront costs." He noted that his firm had been in business more than 50 years, and earned half a billion dollars, and enjoyed an A plus rating from the Better Business Bureau.

Carter also restated a central point of Goldline's sales pitch – that the federal government took gold bullion from private citizens during the Depression, and could always do so again. That's why the company encourages customers to buy collectable coins instead. "It's hard to determine what the government will do," said Carter. "I don't know whether it's a possibility. But [it] has been done before and people are concerned. Many people are paralleling 1933 to today."

In 1933, the federal government paid market value for private stocks of gold.

Carter's interview comes after the announcment Monday that authorities in California had opened an investigation into Santa Monica-based Goldline and a second gold company based in the same city, Superior Gold Group.

"There are two main types of complaints we're seeing," said Adam Radinsky of the Santa Monica City Attorney's office, which has launched what it described as a joint investigation with the Los Angeles County District Attorney's office.

"One is that customers say that they were lied to and misled in entering into their purchases of gold coins," he said. "And the other group is saying that they received something different from what they had ordered."

In an interview broadcast on Good Morning America, Radinsky said the probe is in its early stages and involves more than 100 consumer complaints about Goldline and Superior.

A lawyer for Superior said the company does not comment on investigations. Goldline officials said customer complaints are infrequent and it responds immediately address them. In a letter to ABC News, Scott Carter said, "When we learn that customers have not received the experience they deserve, we investigate and take action."

In launching the probe into gold sales, investigators in L.A. and Santa Monica are opening a new front in a long-running and very public dispute over the way Goldline has turned the sale of gold into a massive retail operation that capitalizes on popular conservative figures – most notably Glenn Beck.

The marriage of conservative talk and gold sales appears to make sense – both have traditionally targeted an audience that is skeptical of the government, concerned about the nation's economic future, and uneasy about inflation and the stability of American currency.


http://abcnews.go.com/Blotter/glenn-beck-fox-hosts-golden-advertiser-goldline-investigation/story?id=11200542
 Montreal_Guy
Joined: 3/8/2004
Msg: 53
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History
Gold-The only safe investment?
Posted: 9/16/2010 9:10:40 PM

Now...as far as other investments are concerned...has anyone thought about any other places to place money? How about in salt?


Well, how about helium and phosphate based investments ?


Helium is a paradox: it's everywhere and extremely rare at once. Next to hydrogen, it is the second-most abundant element in the universe, made inside stars. Yet on earth, it is hard to find: produced by the radioactive decay of rocks, most of it comes to us as a by-product of extracting natural gas, mostly in the American Southwest.

The world's largest supply of helium is held in the U.S. National Helium Reserve in Amarillo, Tex., where it was stockpiled for use in military airships in the early twentieth century.

That store is being rapidly depleted, and scientists are worried. With its extremely low boiling point of 4.2 degrees above absolute zero (–269 degrees Celsius), liquid helium is the most important supercoolant used in science. NASA uses it to pressurize and clean rocket fuel tanks.

Its properties also make it valuable for cooling the magnets used in MRI scanners. A helium shortage would threaten millions needing MRI scans in hospitals worldwide.

Liquid helium is also key to manufacturing electronics, creating the controlled environments necessary to make semiconductors. It cools the superconducting magnets in CERN's Large Hadron Collider near Geneva, which smashes protons together at nearly the speed of light.

Scientists have only begun to explore helium's more exotic properties. When cooled down even further, it becomes a “superfluid”— a liquid without viscosity that can do seemingly impossible things, such as flow vertically up walls. Videos of liquid helium climbing up and over the sides of a container can be marveled at on YouTube.

So what would be a more accurate price for a party balloon full of helium? Try $100, says Nobel laureate Robert Richardson, professor of physics at Cornell University.

At that price, the colourful display made by releasing hundreds of balloons would cost tens of thousands of dollars. It would be cheaper to pop hundreds of bottles of Veuve Cliquot.

http://www.thestar.com/news/insight/article/853790--the-ballooning-shortage-of-helium


Just don't let go....


Our supply of mined phosphorus is running out. Many mines used to meet this growing demand are degrading, as they are increasingly forced to access deeper layers and extract a lower quality of phosphate-bearing rock (phosphate is the chemical form in which nearly all phosphorus is found). Some initial analyses from scientists with the Global Phosphorus Research Initiative estimate that there will not be sufficient phosphorus supplies from mining to meet agricultural demand within 30 to 40 years. Although more research is clearly needed, this is not a comforting time scale.

The geographic concentration of phosphate mines also threatens to usher in an era of intense resource competition. Nearly 90 percent of the world's estimated phosphorus reserves are found in five countries: Morocco, China, South Africa, Jordan, and the United States. In comparison, the 12 countries that make up the OPEC cartel control only 75 percent of the world's oil reserves.

http://www.foreignpolicy.com/articles/2010/04/20/peak_phosphorus


Anything based on these, or related to resources/processes that might reduce such shortages impact , might be a good long term investment - especially if young.
 valenciacityx
Joined: 3/10/2009
Msg: 54
Gold-The only safe investment?
Posted: 9/18/2010 1:37:33 AM
food, gas, drinkable water, bullets, guns

everything else is legos and kleenex

when the system crashes, all your paper wont buy you another second.
 indigo1357
Joined: 7/10/2009
Msg: 55
Gold-The only safe investment?
Posted: 9/19/2010 5:16:54 AM
buying anything at a peak is bad. Idont care what anyone sais nothing goes up forever. Who wqould of thought your HOUSE your safe haven and best investment evar....would bankrupt millions.
 wisguyingb
Joined: 1/5/2008
Msg: 56
Gold-The only safe investment?
Posted: 9/19/2010 6:49:31 AM
Gold will eventually crash. But that wont happen until the Government stops spending and the Federal Reserve slows down the printing press. Currently gold is at $1275 a oz and could go down $50 dollars tommarow. But I personally think the odds of gold hitting $2000 dollars before it goes crashing to below $1000 are good. Time will tell. One thing is for sure that people who got in early have big ole smiles right now.
 wisguyingb
Joined: 1/5/2008
Msg: 57
Gold-The only safe investment?
Posted: 4/20/2011 6:17:59 AM
From post #56
I'd be impressed if gold can get to $1500 an ounce in a year's time.


Just hit the $1500 mark today buddy(silver hitting $44). It took a little longer then a year (from date of your post) but I hope you are impressed.
 leanco
Joined: 12/7/2006
Msg: 58
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History
Gold-The only safe investment?
Posted: 4/20/2011 9:51:16 PM

Just hit the $1500 mark today buddy(silver hitting $44). It took a little longer then a year (from date of your post) but I hope you are impressed.

Impressed? Not really. Gold has been on a bull run for nearly 10 years now, with gold prices closing higher each year since 2002, and nothing suggests that this megatrend is about to change anytime soon. So the fact that gold hits $1500 today is not and should not be much of a surprise. Some day, it will probably hit $2000/oz. But unless we know when, it's useless speculation AND THAT'S THE POINT.
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