Guest Post: Keeping Capital in a Depression

Tyler Durden's picture

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RockyRacoon's picture


100 Items to Disappear First                    Load up!
russki standart's picture

Time to leave the US....we are so screwed.

Long-John-Silver's picture

The Philippines is a good place for escape. The only requirement to stay as long as you like is maintaining $10,000 in a Bank account. It's for the use of the government to deport you if necessary. Other than that you can start a business or work with no restrictions. The people a wonderful and the cost of living is very low. The only thing to watch for are Muslims and we all know why.

Spirit Of Truth's picture

What virtually everyone here fails to comprehend is that these cycles of greed and fear, hope and despair, are not restricted to financial and economic affairs.  Here's a quick for instance.  I noticed some 20 years ago that reversals from psychologically important thousand marks in the DJIA are often associated with historical shocks:

In October 1973 when the DJIA reversed from 1K, it was associated with the Arab-Israel Yom Kippur War and OPEC oil embargo.  When the the DJIA reversed from 3K in mid-summer of 1990 it was associated with Iraq invading Kuwait and the Persian Gulf Crisis that year.  When the DJIA reversed from 10K in early-September of 2001, 9/11 followed.  Most recently, when the DJIA reversed below 12K on March 10th, it was followed by the earthquake, tsunami and nuclear crisis in Japan.

These cycles are cycles of history and all that is involved IMHO.

"Capital preservation" might prove to be a moot point if I'm right about the scale of the next major wave down:

BKbroiler's picture

I indict you with 4 counts of lame.

1) nothing to do with post you replied to

2) rambling about some grand global cycle

3) linking twice to spot

4) starting with "what virtually everyone here fails to comprehend"

FAIL. be good or be good at it.


Spirit Of Truth's picture

I'll accept your critique.  However, my point is this. Those who frequent this site are fixated on Mammon for the most part, thinking that this is what life is all about (e.g., gold, silver, etc., being the final storer of "value" rather than life itself).  I dare say a dramatic upset of this perspective is what is in store for this world whether I, you or anyone else likes it or not.  That's why it's important to note how the cycles of hope and despair, which are ultimately cycles of sin and redemption IMHO, need be understood for what they truly are.

falak pema's picture

You'd win the Oscar for best visual stutter! like the King...

BKbroiler's picture

wow. massive FAIL on my part. sorry.

Creepy Lurker's picture

LMAO! A fail so epic, it's almost a win.

Mark McGoldrick's picture

wow. massive FAIL on my part. sorry.

That was simply ridiculous.

The return key is NOT a toy. If you're going to be so wildly incapable of controlling your fingers, I would encourage you to consider voice-recognition software for posting. 


chumbawamba's picture

I suggest you use a Speak & Spell.  That's more your medium.

I am Chumbawamba.

OldPhart's picture

I'll honestly declare that I'm a dumb ass....but some of the vid's wasisname linked up were intriguing (hey, in the unlikely case that you are drunker than I am..the spell checker fixed my typo of dumass)  I found a couple fo the videos intriging (not spell-checked) 

Tenma13's picture

Thats what an online stutter looks like. lol

RockyRacoon's picture

Oh, pshaw.  Buy silver and hang on with both hands.

I gotta do this here/now, for all you buyers of silver and might have your contact info at APMEX.   There are 25 ounces of silver in these sets.  This is less than $40/oz for .999 silver.  This is a set of 5 ounce "quarters" (that's what they call 'em).

Article from Mint News Blog:

2010 ATB Silver Bullion Update

APMEX has made their remaining allotment available, but only to certain people who have been selected to receive the opportunity to purchase them.

According to emails sent by APMEX, there were 18,000 requests to order the coins. They selected 3,500 email addresses and provided these people with the opportunity to purchase one of 3,100 available sets. The coins are encapsulated in PCGS "Choice BU" holders and priced at $959.95 per set if paying by check or wire, or $988.75 for payment by credit card. For the group of selected email addresses, orders must be placed by April 15, 2011, midnight CST.

Their product page can be found online here. As mentioned, only those 3,500 people selected by APMEX can place orders. A reader whose email was not selected reported that the order cannot be completed at step 2 of the checkout process.

Pool Shark's picture


Not quite as easy as buying 'melt value' proof silver quarters from the US Mint, but still appreciate the link Rocky...


Dez Rodgee's picture

Dillon Gage has them for $937 including shipping.  The only bad thing is that they only accept wires.

Vlad Tepid's picture

Yeah, I got that email, did the math and said "Wow!  I'll take .999 for less than spot!"

falak pema's picture

If you did this to your lady friend in bed she would give you the oscar of rapid fire bunga bunga frustration of supine female in dire expectation.

BKbroiler's picture

I hear ya, dude, but the cycles article ran like, two weeks ago on this site and it made a little more sense than yours.  And with the "hope and dispair" and "sin and redemption" talk, you're starting to sound like Patrick Swayze in Donnie Darko.

BKbroiler's picture

"I swear baby, this has NEVER happened to me, I'm just nervous"

It's a sign.  Time for me to STFU for the night.