as usual people can't see the forest thru the trees
A generation of lemmings brought up on CNBC, brainwashed into trade trade trade, which of course soley benefits the brokers
not sure what people don't understand about NOT BEING ABLE TO BUY THE SHIT PERIOD......but hey hang onto that paper, it will all be better soon
hno:
A generation of lemmings brought up on CNBC, brainwashed into trade trade trade, which of course soley benefits the brokers
not sure what people don't understand about NOT BEING ABLE TO BUY THE SHIT PERIOD......but hey hang onto that paper, it will all be better soon
hno:
If you guys are jittery just now just wait until october and november come around...
October...mega crash month:shocked:
November...armageddon day:nohead:
Look at grabbing some cash now and then sit back until xmas.
August and September is the last chance saloon as far as I'm concerned for this year.
:grandmais
October...mega crash month:shocked:
November...armageddon day:nohead:
Look at grabbing some cash now and then sit back until xmas.
August and September is the last chance saloon as far as I'm concerned for this year.
:grandmais
y gold fun will be over once the gloom and doom is over and flushes itself out IMO
depression lasted a while so gold did well after the crashes....while 1987 was just a one and done deal so gold gave up soon after.....NOTE: USD continuing its progression down 1998 on as well
reason i was saying gold will do fine in deflation as long as people worried about banks going
up
that said maybe tizgloom wrong at same time as gold already caving in and saying the end is here?
highly doubt it though we'll see
gold going down more than expected scares tizgloom more on the short side than near term market rallies
depression lasted a while so gold did well after the crashes....while 1987 was just a one and done deal so gold gave up soon after.....NOTE: USD continuing its progression down 1998 on as well
reason i was saying gold will do fine in deflation as long as people worried about banks going
upthat said maybe tizgloom wrong at same time as gold already caving in and saying the end is here?
highly doubt it though we'll see
gold going down more than expected scares tizgloom more on the short side than near term market rallies
My guy has only been able to get his hands on 100oz bars for months now. If you actually needed it for money one day, whaddya do, smash it against a rock?? Lol.
He says he uses one as a door stop.
I'm pretty new to this whole investing thing, but it seems to me the markets are doing exactly the opposite of what you'd expect given the numbers coming out. Housing continues to take a shit, major banks downgraded, unemployment way up, and even padded gov't CPI data reported as highest ever. Yet everyone throws a party at the stock market, not inviting the commodities? Heh? I've a theory that the banks are using the discount window to try and cover their mortgage losses, via hedging and whatnot. With, of course, full disclosure to the gov't. Fuckers.
since everybody freaking out/talking about it likely will change course soon though
USD very overbought and gold very oversold technically near term
inflation numbers coming out now lagging indicator X (july numbers are when commodities peaked out)
they'll catch up to the fall in commodities eventually
USD very overbought and gold very oversold technically near term
inflation numbers coming out now lagging indicator X (july numbers are when commodities peaked out)
they'll catch up to the fall in commodities eventually
let the mfer crash for all I care
I seriously doubt that it does, for the sole reason of the massive consolidation of power in the last twenty years. We're talking about a group of inbreds that basically control EVERYTHING now, most importantly the markets they trade on.....I know the CNBC crowd scoffs at that, all the while slowly being bled to death
IMO it will be a slow death a the US dollar.....slow as in 5-10 years
I seriously doubt that it does, for the sole reason of the massive consolidation of power in the last twenty years. We're talking about a group of inbreds that basically control EVERYTHING now, most importantly the markets they trade on.....I know the CNBC crowd scoffs at that, all the while slowly being bled to death
IMO it will be a slow death a the US dollar.....slow as in 5-10 years
just remember this thread bustling with gold talk when it was over in the 900-1000+ and the same happening after a big fall
so good chance a bottom/trend change is near
gold is pretty useless jdog as long as fiat is still an accepted medium of exchange
if we hit rock bottom and alot of people see value they'll be selling gold to buy cheap assets
the whole dollar/US thing really overblown
until fiat fails (not there yet IMO) gold will keep having these fluctuations
goes up as the bad financial/systemic risks build
goes down once we hit rock bottom and system flushes itself out
no reason to sense this time will be any different
gold predicted the current gloom and doom...now its just a question of how long the gloom and doom lasts
so good chance a bottom/trend change is near
gold is pretty useless jdog as long as fiat is still an accepted medium of exchange
if we hit rock bottom and alot of people see value they'll be selling gold to buy cheap assets
the whole dollar/US thing really overblown
until fiat fails (not there yet IMO) gold will keep having these fluctuations
goes up as the bad financial/systemic risks build
goes down once we hit rock bottom and system flushes itself out
no reason to sense this time will be any different
gold predicted the current gloom and doom...now its just a question of how long the gloom and doom lasts
both
small example, the US mint in the first 4 months of 08 sold more silver than all of 06 and 07
worldwide, according to the CPM group, demand is up over 50%
as far as the large bullion dealers right this instant, I think they may be pulling supply off the table as they know it is oversold
but I could be wrong with that as it is pretty standard to just turn to shit as they make money off the trade via the vig both ways...they are basically bookmakers
for example me personally if i thought the gloom and doom was over and there were cheap homes, cheap assets, cheap equities whatever i wouldn't think this was a buying opportunity in gold or there was value in buying other stuff besides gold and likely would be dumping my gold to buy cheap stuff as i'm guessing others would to....
gold always run prior to and during trouble times the whole fiat thing only comes into play is if J6P loses faith in fiat chances of that right now almost nil IMO
gold always run prior to and during trouble times the whole fiat thing only comes into play is if J6P loses faith in fiat chances of that right now almost nil IMO
that's why i got my coins jdog
but if i see GE in the teens probably will be selling gold to buy it
as i'm guessing the fiat system isn't gonna implode during this bust
system only busts until J6P at large thinks like you
fiat is faith.....until faith is lost or you see a zimbabwe type situation unfolding you won't see 10,000 gold and shit
but if i see GE in the teens probably will be selling gold to buy it
as i'm guessing the fiat system isn't gonna implode during this bust
system only busts until J6P at large thinks like you
fiat is faith.....until faith is lost or you see a zimbabwe type situation unfolding you won't see 10,000 gold and shit
You guys worry too much.
:grandmais
Keep things simple, reduce your variables, be patient, drinke beere.
http://www.youtube.com/watch?v=yNMKHM65p_c
:grandmais
Keep things simple, reduce your variables, be patient, drinke beere.
http://www.youtube.com/watch?v=yNMKHM65p_c
You guys worry too much.
:grandmais
Keep things simple, reduce your variables, be patient, drinke beere.
http://www.youtube.com/watch?v=yNMKHM65p_c
y i lack patience but i do the drink beer part just fine
off to kick back a few and watch olympics :toast:
how is one insured if they work for the gov't and are paid in fiat paper that has depriciated 35% in the last 8 years?
anyways I have grown tired once again of the gold debate, but for 8 years running the proof has been in the pudding and will be for another 8 years i'm sure....If 08 turns out to be the first down year in gold since 01 so be it, I'll just buy more. It doesn't matter
Time to turn energies into something more constructive instead of trying to catch the bottom of the latest asset to crash:
1) Store some of your wealth outside of the US, be it PM's, local currency, or even the US peso, or best ALL THREE
2) Obtain dual citizenship in another country
3) Buy some arable land, either in the US or abroad, outside of major metropolitan areas, that also has a self sustaining source of water. Even if it turns out you do not need said land, it will be a very rewarding asset going forward
Yes one must always have an exit strategy......I know you haven't followed MY posts...but I have been selling US equities since NOV 2007 and have steadily dropped my holdings to their lowest point(about 15% left)...I was in cash and TIPS for a while made about 5-6% with the TIPS...so minus inflation and at least my money broke even....now I see a very oversold oportunity in the metals....and for once I think Citi is correct and we will see a 4th Q rise in PM....I think GOLD will be 925-950 by the end of 08' and Silver will be above 16 bucks
