Interesting posts on CNBC precious metal stories

[Pennysaved]

Not sure if you guys read CNBC but there is someone who always posts the same comments whenever there is a precious metal story.

It might be one of us??? but I kind of doubt it since he is saying to only buy pre-1981 pennies

Str8Talk | Apr 20, 2011 11:03 AM ET

"GOLD is the only REAL CURRENCY" and all other currency values are based on GOLD.

"The Gold Standard" was the reason the dollar became the world currency. When tricky Pres. Nixon took the USD off the gold standard in 1971 gold was valued at about $41 USDs. It quickly rose to about $800 USDs before retracting back to the $250 to $350 range. This is the relationship of value of 1 oz of gold to the $USD. With all the QE/monetizing (money printing) of debt by the FED the USD value relationship to gold has changed (now about $1,400 per oz) as gold has a constant currency value and it's the fiat paper money that decreases in value.

Realize that in 1913 terms the $USD is now valued at about 3 cents.

How's that for the FED debasing our $USD currency purchasing power.

Buy Gold/Silver/Platinum and even pre-1981 copper pennies and you will be very happy you did in 5+ years.

The FED and US Treasury are the largest holders of gold.

The FED/Treasury buys/holds Gold and gives the masses pretty paper.

The $USD is in the 74 range today that's why the market is up

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Interesting to see another opinion where someone says to sell everything now:

Coagulant47 | Apr 20, 2011 12:40 PM ET

Silver and gold should be sold ASAP - all of it. The dollar has begun strengthening and will get much stronger with all the Obama budget cuts. The US has a very strict strong dollar policy and this latest run-up in the metals has been a fluke. Count yourself lucky and divest yourself of all precious metal holdings NOW, whether physical, paper or miner equities.

GET OUT OF GOLD AND SILVER NOW BEFORE THE COLLAPSE! GOLD WILL BE AT ~$450 BY YEAR'S END AND SILVER IS LIKELY TO DROP TO $4/OZ. OR SO.

[AGCoinHunter]

Silver and gold should be sold ASAP - all of it. The dollar has begun strengthening and will get much stronger with all the Obama budget cuts. The US has a very strict strong dollar policy and this latest run-up in the metals has been a fluke. Count yourself lucky and divest yourself of all precious metal holdings NOW, whether physical, paper or miner equities.

GET OUT OF GOLD AND SILVER NOW BEFORE THE COLLAPSE! GOLD WILL BE AT ~$450 BY YEAR'S END AND SILVER IS LIKELY TO DROP TO $4/OZ. OR SO.

STRONGER WITH ALL THE OBAMA BUDGET CUTS!!

[blackrabbit]

Dollar strengthening? Obama budget cuts? US with a strong dollar policy? I am not sure if I am on the same planet as that guy! You can cut all the programs for the poor and destroy the unions and the US would still be in a black hole. Did that guy not hear about the devalued US debt? If silver goes down to 4 bucks I will have exactly enough FRN's to buy food for a day because everything else would be used to buy my favorite metal.

[beauanderos]

probably Jon Nadler trolling

[AGgressive Metal]

probably Jon Nadler trolling

HAHAHAHAHAHA

[justoneguy]

GET OUT OF GOLD AND SILVER NOW BEFORE THE COLLAPSE! GOLD WILL BE AT ~$450 BY YEAR'S END AND SILVER IS LIKELY TO DROP TO $4/OZ. OR SO.

DO IT NOW !! sell your PM's cheap while you still can unload 'em to anyone.
I think everyone should sell to me @ 10x face.

[Beau]

GET OUT OF GOLD AND SILVER NOW BEFORE THE COLLAPSE! GOLD WILL BE AT ~$450 BY YEAR'S END AND SILVER IS LIKELY TO DROP TO $4/OZ. OR SO.

DO IT NOW !! sell your PM's cheap while you still can unload 'em to anyone.
I think everyone should sell to me @ 10x face.

Heck I can do better than that, sell them to me at 5 time face, since the silver and gold will be worth nothing you will come out good if you sell at 5 times now to me.


.

[knibloe]

If silver goes down to 4 bucks I will have exactly enough FRN's to buy food for a day because everything else would be used to buy my favorite metal.

If silver goes down to $4.00 I will be selling a lot of stuff to generate cash for a large stash of silver. Heck, I would take the penalty on my 401K and buy all I could.

[wagsthadog]

Hi there-

Me too- I would buy about 50 bags of 90%, then wait for 30X face again- yoweee!

wags