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Marc Faber 'Congratulates' Ben: "Well Done, Mr. Bernanke!"

Tyler Durden's picture


In a little under four minutes, Marc Faber explains to Fox Business' Dagen McDowell all that is wrong with the Central Planners 'current plan'. From a re-bubbled housing 'recovery' pricing real buyers out of the market ("homes do not offer a great opportunity today") to forced-renters paying increasing amounts of their stagnant wages, and the small percentage of ordinary Americans who actually benefit from a rising stock market, reducing their disposable income to which Faber sarcastically rants "well done, Mr. Bernanke." His advice, be diversified, don't BTFATH in stocks, and physical gold is always a good insurance.



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Wed, 01/01/2014 - 22:24 | 4292256 Clowns on Acid
Clowns on Acid's picture

Time to short the QQQ's , even the Fed thinks that it is a bubble.

Wed, 01/01/2014 - 22:24 | 4292261 fonzannoon
fonzannoon's picture

The Nasdaq will hit 5,000 this year. most likely by late spring.

Wed, 01/01/2014 - 22:32 | 4292269 Grande Tetons
Grande Tetons's picture

Happy New Year, Fonz. 

Stickin with FX in 2014 but your call seems less insane every passing second. 

Wed, 01/01/2014 - 22:32 | 4292285 fonzannoon
fonzannoon's picture

Happy new year Grande. All the best to you and go get em in FX. 

Wed, 01/01/2014 - 23:43 | 4292429 knukles
knukles's picture

Looks like Netanyahu has a spacial gift for John Kerry....

Wed, 01/01/2014 - 23:53 | 4292447 BoNeSxxx
BoNeSxxx's picture

And Boom goes the DYNAMITE.

They slammed it into the close of 2013... mission accomplished.  Now the Precious free (or so a girl can dream)...

Thu, 01/02/2014 - 01:26 | 4292564 lewy14
lewy14's picture

Tax loss selling probably drove gold down some into the close of the year.

Thu, 01/02/2014 - 08:24 | 4292780 GetZeeGold
GetZeeGold's picture



.....or maybe they just used your grandkids free money to drive it down so they could buy it cheap.


The ability to create money from s huge moral hazard not really understood by the rank and file populous masses. Let's just hope no one figures it out.


It appears someone was starting to get the drift yesterday......or someone knew about it and just decided to cheat. Remember that there is no honor among thieves.

Thu, 01/02/2014 - 07:06 | 4292752 negative rates
negative rates's picture

Now he's beholden to his drug dealer and his doctor.

Wed, 01/01/2014 - 23:01 | 4292350 NoDebt
NoDebt's picture

He also called 2.75 on the 10 year by August.  That also seemed a bit insane at the time, but less so with every passing day as it became reality and then went even further.  I'm not inclined to bet against him on this one.

I had my DOW 20,000 memorial hats printed up in September on the odd chance I'd be able to give them out as Christmas gifts.  No such luck, but there's always another holiday right around the corner.


Thu, 01/02/2014 - 13:48 | 4293652 dow jones 20000
dow jones 20000's picture

make sure you send me one

Wed, 01/01/2014 - 22:33 | 4292277 Soul Glow
Soul Glow's picture

Na.  All the dumb money is inside.  They're about to burn the house down.

Wed, 01/01/2014 - 23:09 | 4292365 The Dumb Money
The Dumb Money's picture

Yes.  Fully invested in TWTRQ (bought the 20% dip).  Nasdaq 5000 baby!!!

Wed, 01/01/2014 - 22:45 | 4292318 Deacon Frost
Deacon Frost's picture

Correct fonzannoon, gave you an up, to repeat one of my previous posts;

‘Stock Market Bubbles Don’t Burst in ZIRP’

‘Historically, major asset bubble crashes have always been preceded by rising short-term interest rates.’

The FED will somehow continue to control the short end and increase their balance sheet. From the looks of it, I guess they feel they can go to infinity.



Wed, 01/01/2014 - 22:56 | 4292343 fonzannoon
fonzannoon's picture

agreed Deacon, that seems to be the plan.There is not much else to say. I know I am out of things to say and I know I am irritating those on here who don't agree. time to move towards lurker status and let everyone else hash it out. good luck dude.

Wed, 01/01/2014 - 23:02 | 4292356 Dr. Engali
Dr. Engali's picture

Now that would be a shame if you went to lurker status. This is fight club after all, and if people get irritated that's their problem. The last thing the Hedge needs is to become one big echo chamber, hell it's been drifting that way too much as it is IMHO.

Wed, 01/01/2014 - 23:20 | 4292378 fonzannoon
fonzannoon's picture

Thanks Doc. It's tough...for several reasons. The Tepco reactor stuff on here will always send a chill down my spine. But being in your camp below I had really hoped this place would move towards an investment oriented site that always kept the gold/insurance theme going but also stayed focused on different ways to speculate during this bizarro unending scenario we are in.

You are right that it has become an echo chamber, maily because it is economic collapse article after simon black store your gold far away from you article followed by Jim Quinn's the burning baby boomer platform article. so there is not really a lot of room left for someone to speak up. I'm not talking about this site going all Jeremy Siegel. But I hope you get what I mean. 

I know many don't feel this is an investment site. That's how I found it.  So to me it always was. I have to say it is disturbing that Bank Guy in Brussels got the boot and this ass to mouth dude below is what new people get to see.When that is where we are at it makes it easier to fade to the background, you know?

Wed, 01/01/2014 - 23:27 | 4292398 NoDebt
NoDebt's picture

Not sure if you've noticed, Fonz, but "lurker status" depends a lot on WHEN you post comments and in what threads.

Not like we're getting bombed out of the room here tonight speaking such unclean thoughts.  Right time, right place for the message.  How is it I just so happen to be reading this as you're writing it?  How is it Doc is, too?  Gotta be something to that.  Think about it.

Happy New Year to both of you, by the way.

Wed, 01/01/2014 - 23:38 | 4292413 Dr. Engali
Dr. Engali's picture

Happy New Year Nodebt. I wish you all the best in the upcoming year.

Wed, 01/01/2014 - 23:45 | 4292428 NoDebt
NoDebt's picture

Thanks, Doc.  I have great faith Janet will make it so.

Wed, 01/01/2014 - 23:29 | 4292400 Dr. Engali
Dr. Engali's picture

It disturbs me too when I see people who have well thought out comments get the boot and then some real idiots get to linger. If I were a person who believed in conspiracies I would think something sinister is going on.

Wed, 01/01/2014 - 23:35 | 4292414 fonzannoon
fonzannoon's picture

well happy New Year nodebt and agreed all around guys. All the best to you and everyone else on here this year. 

Wed, 01/01/2014 - 23:58 | 4292458 BoNeSxxx
BoNeSxxx's picture

I gotta stand with the Good Doctor Fonz... it wouldn't be fight club without you...

We've lost too many good men already... Lennon Hendrix and Mako just to name two others besides Bank Guy.

Keep the faith brother.

Wed, 01/01/2014 - 23:40 | 4292420 NoDebt
NoDebt's picture

Bank Guy.  That's when I scratched my head the first time.  I just assumed I missed some "blaze of glory" post from him or something, but he was never what I would have thought "boot-worthy" by the Tylers.

Wed, 01/01/2014 - 23:45 | 4292434 BigDuke6
BigDuke6's picture

Bank Guy got flicked?

This site is going down the swany.

Thu, 01/02/2014 - 10:45 | 4293021 DanDaley
DanDaley's picture

For my money, what's going on here is simply the end of Zerohedge's Golden Age (no pun intended). As with governments and other systems, the free-wheeling-wild-west-modus-operandi eventually gets traded in for respectability and control, which is what I think is happening here. 


I was happy to have found this place a couple of years ago, and I have learned a lot from you folks, but the times they are a changin'. See ya on the flip side -whatever that means.

Wed, 01/01/2014 - 23:34 | 4292412 Ass to Mouth
Ass to Mouth's picture

Thanks fonzadouche.  FYI - My forecast for the 2013 year-end DJIA, which was made last year in a local newspaper competition, was within 1.2% while most forecasters were of by 20% or more.  Go ahead and keep buying your junior gold mining stocks, but shut your mouth about other readers arsehole face.  Some of us are here for alternate opinions.

Wed, 01/01/2014 - 23:38 | 4292421 fonzannoon
fonzannoon's picture

Sounds good bud. Now that you made your goal for this year with your two blow up broads maybe try to spend the rest of the year sticking it in your own ass and then into your own mouth and fuck off piker.

Wed, 01/01/2014 - 23:45 | 4292426 Ass to Mouth
Ass to Mouth's picture

You're welcome big guy.  Now go back to playing with your E Trade account.

Thu, 01/02/2014 - 09:15 | 4292834 GetZeeGold
GetZeeGold's picture



Do you have a newsletter?

Wed, 01/01/2014 - 23:44 | 4292425 NoDebt
NoDebt's picture

See, there it is, right there.  Not a fucking clue what he's talking about or the history behind it.  Could we trade this guy out and get Bank Guy From Brussells back again?  Shit, I'd trade him for Francis_Sawyer, and I never even liked that guy.

Wed, 01/01/2014 - 23:48 | 4292433 fonzannoon
fonzannoon's picture

I got beat up on here for telling people for months to short the miners and here's dick in his ass and balls in his mouth guy telling me to stick with my junior minors. That's where we are at. 

His local paper LOL.....priceless....

Wed, 01/01/2014 - 23:49 | 4292441 Ass to Mouth
Ass to Mouth's picture

Yeah, the local newspaper where there is public record.  So I'm not just making shit up like your junior gold mining stocks short play for the year.

Thu, 01/02/2014 - 00:27 | 4292456 fonzannoon
fonzannoon's picture

last I checked, the comments on here for the past year are documented. so if you doubt me, have at it. 

I'm not telling you what you should or should not say. I used your comment to illustrate a point. It's obviously important to you that everyone hear how you won the big game in your local paper and banged 2 post it if you want to. It's just a shame that other people who also had some stuff to say don't get the same courtesy. That's all this was about. 

Thu, 01/02/2014 - 00:49 | 4292525 Bay of Pigs
Bay of Pigs's picture

Hey fonz. I'm checking out for awhile (posting). Just wanted say thanks, and wish you well in the coming year.

Hoping to see Maui again soon, which will lift my spirits immensely. Aloha brah...

Thu, 01/02/2014 - 00:55 | 4292533 fonzannoon
fonzannoon's picture

right back at you man. take care.

Thu, 01/02/2014 - 01:05 | 4292540 Tall Tom
Tall Tom's picture

I may not agree with you at times.

But you better not go, damn it!!!

Thanks for making me think.

Thu, 01/02/2014 - 09:14 | 4292838 GetZeeGold
GetZeeGold's picture





Yeah, the local newspaper


What locality might that be?

Thu, 01/02/2014 - 08:10 | 4292776 RSloane
RSloane's picture

Fonz! Don't you go anywhere. This site would be diminished without you.

Wed, 01/01/2014 - 23:50 | 4292443 NoDebt
NoDebt's picture

That's why it's so damned funny.  Maybe the rest of the world has no memory of past events, but for those of us who do, it's hysterical watching people like him run around ABSOLUTELY CLUELESS what they're even criticizing or why.

It's like watching chimps on heavy doses of nitrous oxide throw poop at eachother.  Pointless, but hysterical.

Thu, 01/02/2014 - 08:18 | 4292782 eclectic syncretist
eclectic syncretist's picture

I'm not just buying the junior mining stocks, I'm even buying some of the sub-junior mining stocks.  You want an alternate opinion go read Abby Joseph Cohen.

Thu, 01/02/2014 - 02:27 | 4292628 WillyGroper
WillyGroper's picture

Wondered where BGB went. 

What was his crime?

Thu, 01/02/2014 - 08:00 | 4292769 eclectic syncretist
eclectic syncretist's picture

Not this year Fonz.  I predict we go down and the blame gets laid at the feet of "fear of rising interest rates".

Wed, 01/01/2014 - 22:30 | 4292273 Dr. Engali
Dr. Engali's picture

You short the QQQs and you will be separated from your currency.

Wed, 01/01/2014 - 22:34 | 4292283 SHEEPFUKKER

.....and your shirt. 

Wed, 01/01/2014 - 22:41 | 4292306 disabledvet
disabledvet's picture

and your sheep.

Thu, 01/02/2014 - 08:05 | 4292773 eclectic syncretist
eclectic syncretist's picture

The change in your sentiments offers confirmation that this will be the year that the market corrects and PM's bottom.

The Q's will not see 5,000 for a long, long, time.  Perhaps not in your lifetime.  The rate of technological innovations in electronics that we've experienced over the last two decades is stalling out.

Wed, 01/01/2014 - 22:33 | 4292286 Grande Tetons
Grande Tetons's picture

Amen to that. I am still mending some of my wounds from last year. Happy New Year, Doc. 

Wed, 01/01/2014 - 22:40 | 4292300 Dr. Engali
Dr. Engali's picture

Happy new year to you too. I hope 2014 is a prosperous year for you.

Wed, 01/01/2014 - 23:21 | 4292390 Rubbish
Rubbish's picture

Don't look now but PM's are "Soaring"



Wed, 01/01/2014 - 23:26 | 4292394 Soul Glow
Soul Glow's picture

Silver is up +3%.  Not sure where you got the sarc.

Also to anyone worth their merit, when PMs move higher in front of Europe and the US it is highly bullish.

Thu, 01/02/2014 - 05:03 | 4292686 AngelEyes00
AngelEyes00's picture

As long as the QE keeps coming stocks will keep rising.  Should be one heck of a bubble when they get finished with it.

Wed, 01/01/2014 - 22:25 | 4292258 J S Bach
J S Bach's picture

In principal, I believe what these doom-and-gloomers are saying.  It's just that they've been saying it for 5 years running.

Eventually, the natural laws of economics have to kick in and bring the distorters and their machinations back down to earth.

Wed, 01/01/2014 - 22:26 | 4292264 Grande Tetons
Grande Tetons's picture

Natural Laws of Economics?

I hear you, Bach. However, this time the composer and the orchestra are both deaf.  

Wed, 01/01/2014 - 22:31 | 4292276 J S Bach
J S Bach's picture

The deafness afflicted my descendant, Mr. Beethoven.  I, to the end, always heard the accursed truths ringing in my head.  Believe me, my son... the laws of nature and economics will prevail sooner than you think.  In other words... the equilibrium of real money will soon be at hand.

Wed, 01/01/2014 - 22:38 | 4292293 Grande Tetons
Grande Tetons's picture

I am so blind I can not remember who is deaf. 

I wish I could down arrow my own post. 

Bach, IMO, I am not even sure what real money is anymore. 

Wed, 01/01/2014 - 22:56 | 4292337 Soul Glow
Soul Glow's picture

By definition money is -

1)  A medium of exchange

2)  A unit of account

3)  A standard of deferred payment

4)  A store of value

Thu, 01/02/2014 - 07:10 | 4292753 negative rates
negative rates's picture

5. And most importantly, a unit of time.

Wed, 01/01/2014 - 22:53 | 4292339 J S Bach
J S Bach's picture

Real money is a portable vehicle of exchange which is tradable at an equal tangible value.  Therefore, "dollars", "Euros", "Yen", are merely currency whose whole bartering power is based on trust rather than actual value.  Tangibly, they hold no real worth (paper).  Gold and silver are the most obvious forms of real money because they serve as both currency AND money (they are worth the metal they're printed on).   I hope this brief paragraph enlightens.

Wed, 01/01/2014 - 23:09 | 4292363 Goldilocks
Goldilocks's picture

You’re not alone, apparently...

Keiser Report: Empire Kaput, Crypto-Currencies 2014! (E543) (25:46)

Wed, 01/01/2014 - 23:55 | 4292449 NIHILIST CIPHER

Goldilocks      WARNING WARNING!!! That is the biggest pile of crap ever spewed over the internet. Listen VERY  carefully to what max Keiser and that woman are saying. I warned some time ago about the Swiss essentially starting a welfare state with $2800 for every citizen as a monthly payment (in that Keiser Report they said $1500). Keiser and that commy woman were pushing the idea of a citizen dividend(welfare payment ) globally. No way in hell- there are strings attached to that crap and the next thing you know you are living in a stack-em-and-packem soviet style housing high rise like Cabrini Fucking Green govt housing. THERE ARE STRINGS ATTACHED to FREE money from the government kiddies.  

Thu, 01/02/2014 - 00:52 | 4292527 The Wisp
The Wisp's picture

Actually if they do away with all welfare and subsidies , there is more than enough money to pay each citizen a straight sum, unfortunately that would lay off one heck of a lot of High Paid government workers, and put them down in the minimum, which would really break My Heart

Thu, 01/02/2014 - 05:33 | 4292707 Zero Point
Zero Point's picture

Yeah, no shit CIPHER, but it looked to me that Keiser had her on to make one very specific point.

Not the statist daydream horseshit she was spouting, but knowing his audience, and juxtaposing her vomit over the bankster fraud that goes on every day on planet new normal (Mind you, I couldn't stand to listen to the whole second half, so I could be way off).

That said, it was worth watching just to hear Krugman:

Fiat is backed by men with guns.

Thanks assface, that's fucking awesome to actually hear come out of your mouth, you fucking gangster.

Thu, 01/02/2014 - 21:14 | 4295071 MeelionDollerBogus
MeelionDollerBogus's picture

Deaf? holy shit, they all drank LSD for breakfast.

Wed, 01/01/2014 - 23:15 | 4292376 Deacon Frost
Deacon Frost's picture

Agreed Bach

First and foremost, an economy is a "complex adaptive system."

‘A complex system cannot be described by a simple set of equations.’

“Limits Of Formal Modelling Techniques: Hyman Minsky’s Insights

A fragile economic system is then prone to be tipped over into a recession by even an ordinary shock. Minsky was also well aware of the long-term damage inflicted by such a regime where all disturbances were snuffed out at source – the build-up of financial “innovation” designed to take advantage of this implicit protection and subvert the regulatory framework, the descent into crony capitalism. Minsky also appreciated that the short-run cycle from hedge finance to Ponzi finance does not repeat itself in the same manner across business cycles. The long-arc of stabilised cycles is itself a disequilibrium process (a sort of disequilibrium super-cycle) where performance in each cycle deteriorates compared to the last one. An increasing amount of stabilisation needs to be applied in each cycle in order to achieve poorer results compared to the previous cycle.”

Wed, 01/01/2014 - 23:43 | 4292424 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I wish I could share your certainty.  It seems like as long as govts can:


- print money

- tax

- move unpayable debts from private companies to taxpayers and from the taxpayers of one nation to another

- change the rules of acounting so important people can never be bankrupt and so "depositors" become "creditors"


...there is no particular reason for the "Big Romantic Collapse" so many are expecting to occur.  Of course none of this is without consequence in the broader social sense which is why I think so many of us are "eager" to see collapse.  I think Detroit between 1970 and today is a good model for much of the rest of the nation to follow in the future:


The TV keeps telling the middle class that things are great and if they aren't great for you you need to look inside yourself rather than bitch about "unfairness".  Slowly but surely the noose tightens...  Do you go your own way and maybe buy some gold or short the markets?  Not only are you on your own socially, but if you ever win big, look out for those rule changes.  


Not that you shouldnt try.  We all gotta try.


I think 2013 was a real wake up call for a lot of us.  You almost certainly arent going to win, but you might lose less.  I think this give a useful clue about the amount of time to spend concentrating on the subject. 


Thu, 01/02/2014 - 21:09 | 4295063 MeelionDollerBogus
MeelionDollerBogus's picture

there's a few less people watching tv every day.
And a lot less middle class every day.
See that? That's incremental clusterfuckery on the horizon.

Wed, 01/01/2014 - 22:27 | 4292260 Dr. Engali
Dr. Engali's picture

Gold is not an investment you idiot! It's an insurance policy. I don't know why these talking heads can't comprehend this. I don't care if the paper value goes down, I own it for when the paper system blows up.

Wed, 01/01/2014 - 22:27 | 4292266 hairball48
hairball48's picture

Exactly right.

Buying gold, the metal, is to preserve capital. Gold will maintain your purchasing power no matter what the fiat currencies of the day do.

Wed, 01/01/2014 - 22:33 | 4292287 Soul Glow
Soul Glow's picture

Gold.  Is.  Money.

Wed, 01/01/2014 - 22:54 | 4292327 FieldingMellish
FieldingMellish's picture

Money is gold.

Wed, 01/01/2014 - 23:09 | 4292367 Soul Glow
Soul Glow's picture

If we are going to get into semantics silver and various other precious metals also meet the criteria of "money".  

Thu, 01/02/2014 - 00:05 | 4292397 FieldingMellish
FieldingMellish's picture

I was quoting J.P. Morgan. Everyone thinks he said "Gold is money." but the actual phrase is "Money is gold." There is a big difference if you think about it.

Wed, 01/01/2014 - 22:27 | 4292267 fonzannoon
fonzannoon's picture

Happy New year Doc. Faber has become a disaster of a prognosticator. I saw your comment the other day about how some people on here have changed how they see things over the years. I feel like i've aged 20 years and either have finally awoken to reality or just threw in the towel and have been rationalizing it ever since. But while I completely agree about gold as insurance, everything else I thought i knew went out the window long ago.

Wed, 01/01/2014 - 22:42 | 4292295 Dr. Engali
Dr. Engali's picture

Happy new year to you and your family Fonz. I agree with everything you just said. As a money manager it's difficult to go against what you believe and just buy the fucking dip, but that's the reality we face until powers a lot higher than us decide it's time to pull the plug.

I remember reading every one of those stories thinking " this has got to be it". I don't remember when, but some where a long the line my mind frame just started writing them off as another crazy occurrence that will be a blip in current events.

Wed, 01/01/2014 - 22:56 | 4292342 new game
new game's picture

to keep it simple and in your face straight forward- opportunity cost via math with a bonifide understanding of the risk of each choice...

gold is...

stcks are...

housing is...

so there you have it marc!

thanks for nothing marc f.

you were cool 3 years ago, now just a broken record...

Wed, 01/01/2014 - 23:51 | 4292438 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

For me the last big one was Cyprus.  


"OK, they just indicated intent to steal massive sums from Eurozone account holders of multiple nationalities in a scheme signed off on by the Troika.  If this doesn't start the bank runs nothing fucking will..."


Hard to believe I was ever so naive!  I already saw gold prices fall significantly after the Fed defaulted on its German gold.  Why did I think stealing depositor money would phase anyone.


To stray a bit off topic, while I appreciate Jim Sinclair's moral crusade against bail-in, I have concluded that bail-in is creating a major new pillar of confidence for the financial system since it has created a whole new class of capital the banks can use to make leveraged bets.  In the past they did it, a bit, illegally.  But now they have cart blanche to make leveraged bets with as much depositor funds as they have for as long as it lasts.


Keep that "insurance" gold stash and try to think about something else while we wait.


Thu, 01/02/2014 - 01:52 | 4292586 lewy14
lewy14's picture

In no particular order:

Engali, Fonz, NoDebt, FWTTB, et al: please stick around. Informed commentary is essential.

Like you I don't have the luxury of remaining principled and early. And by early I mean wrong.

I intend to stick around myself and offer my own views. In my youth I aspired to be a smart guy. Now I just try to avoid being stupid. Would rather substantively disagree with the "house view" than go all full retard lemming.

With respect to "personal turning points" - yeah, Europe. Figured they had to be toast. Wrong. Who knew to buy the DAX with a six handle? Not me, man. Must learn.

Cyprus, Greece, Spain - southern Europe - if these societies haven't caught fire by now, what would push them? Stability is an ugly reality. One which has proven unprofitable to bet against.

Wed, 01/01/2014 - 22:27 | 4292262 hairball48
hairball48's picture

I always wanted to do Dagen...maybe 'cause she's a redneck like me :)

Wed, 01/01/2014 - 22:33 | 4292288 lordbyroniv
lordbyroniv's picture

She married that statist commie Brooklynite Jonas Max III,


Her twang is the only good thing about her [ok,...maybe her legs].


But overall she is a statist playa...


and she will make statist babies.

Wed, 01/01/2014 - 22:40 | 4292299 Lore
Lore's picture

She heard nothing Faber said and cut him off in mid-discussion.

Her hairstyle sucks. The wet-horse's-tail look is very Wal-Mart.

Wed, 01/01/2014 - 22:32 | 4292268 Soul Glow
Soul Glow's picture

"Why not buy a house?"

Why not put a huge sum of money down, pay the interest back before you begin working on the principle, and god forbid you miss a few months payments, because the bank will throw you out only to run the racket on the next poor slob thinking the American Dream is still to own your own house?

There, fixed it for you smarmy Fox News anchor lady.

Wed, 01/01/2014 - 22:32 | 4292272 Goldilocks
Goldilocks's picture

Priced in (USD) fiat?

...all your everything are belong to us.

Wed, 01/01/2014 - 22:34 | 4292275 algol_dog
algol_dog's picture

Ugh, enough with the Gold already ...

Wed, 01/01/2014 - 22:37 | 4292298 Soul Glow
Soul Glow's picture

Gold is money.  It is not "insurance".  It isn't an investment.  It is the only standard of the term money that fits the definition.

Until guys like Faber explicitly get this through their heads they really aren't as wise as they think they are.

Wed, 01/01/2014 - 23:01 | 4292354 therevolutionwas
therevolutionwas's picture

Gold is insurance in the sense that it is money.  You put your money aside in case you need it; you don't speculate with it.

Wed, 01/01/2014 - 23:22 | 4292384 Soul Glow
Soul Glow's picture

Once again, claiming gold is "insurance" is a very non-explainitive definition.  Insurance insinuates one should be fearful and guard against a future which is not written.  Using the term "hedge" does the same.  Yet when it is termed money it shows wealth accumulation.  It shows merit.  It shows value.

We should be calling it what it is.

Gold is money.

Thu, 01/02/2014 - 01:59 | 4292593 lewy14
lewy14's picture

Gold as money is in exile.

It may return one day. It may not.

The only role afforded to it now is to hedge against the demise of those currencies which exiled it.

Thu, 01/02/2014 - 20:40 | 4294983 MeelionDollerBogus
MeelionDollerBogus's picture

They all mean the same thing. Wealth has no purpose but to be used to deal with future problems, however you choose to define 'problem' or 'wealth'.

Sat, 01/04/2014 - 21:31 | 4294981 MeelionDollerBogus
MeelionDollerBogus's picture

derp. MONEY is insurance against bad things happening that can be fixed with money.

Wed, 01/01/2014 - 23:05 | 4292309 Goldilocks
Goldilocks's picture

like "these wackjobs"

bitcoin to the &^%&$^* moon baybee!

Wed, 01/01/2014 - 22:31 | 4292279 johngaltfla
johngaltfla's picture

Apparently Ben found another job where he could fly his helicopter. Sri Lanka just cut their rates again:

Wed, 01/01/2014 - 22:37 | 4292291 Magnum
Magnum's picture

Hey ZeroHedge gold is up $6 why aren't you authoring another Gold is Soaring article?

Wed, 01/01/2014 - 22:51 | 4292304 Soul Glow
Soul Glow's picture

Because we would rather watch the trolls roll around their basement sofas snarfing cheetos while they continue to piss themelves before making it to the bathroom.

Wed, 01/01/2014 - 22:53 | 4292335 fijisailor
fijisailor's picture

I guess that means you're one of those people who can see into the future and know that gold will never rally.  You need your own talk show on the MSM.

Wed, 01/01/2014 - 23:05 | 4292357 GrinandBearit
GrinandBearit's picture

It's up $20 right now.

Wed, 01/01/2014 - 23:28 | 4292399 Soul Glow
Soul Glow's picture

[Exit trolls stage right]

Wed, 01/01/2014 - 23:55 | 4292454 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

But the trolls said it was getting slammed tonight about an hour ago?


Am I gonna have to start looking at the fucking prices myself if I want to know them?  


Im not sure what the bug is up everyone's ass about ZH reporting this year.  Yeah they have said, "soaring" on +$6 a few times.  They have also said, "monkeyhammered", "battered" and "slumped" about -$6 a few times.  They are far from gold pumpers, even if they are over the top.


Too many leveraged players biting their fingernails I guess.

Thu, 01/02/2014 - 01:35 | 4292570 Magnum
Magnum's picture

Last Friday saw an EPIC six dollar increase from $1205 to $1211 and Zerohedge was all over it but those "mainstream" boys at CNN totally ignored!!

Wed, 01/01/2014 - 22:51 | 4292326 therevolutionwas
therevolutionwas's picture

Another year.  Whatever happens financially, with modern communication I think it will happen suddenly and quickly.  And I hope it will be resolved quickly.  I am sure the  joint cheifs of staff have contingency plans for most every senario.  And it will counteract any natural healing process.   Big gooberment must roll on.  One hopes that the diminished power of fiat money will hinder too much damage being done.  

Wed, 01/01/2014 - 22:52 | 4292331 FieldingMellish
FieldingMellish's picture

We are all going to die. Each and every one of us. Our children too.

Thu, 01/02/2014 - 00:20 | 4292486 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I'll believe it when I see it.

Thu, 01/02/2014 - 00:54 | 4292532 IridiumRebel
IridiumRebel's picture

Hurry up then!

Wed, 01/01/2014 - 22:56 | 4292345 Ass to Mouth
Ass to Mouth's picture

Please congratulate me on already completing my new years resolution.  Last night, I took a couple of broads home and went A-T-O-G-M.  I pulled it out of one chick's arse and deposited it in another's mouth.  I recommend it to any guy if they can find the right slobs.

Thu, 01/02/2014 - 00:57 | 4292536 Tall Tom
Tall Tom's picture

So you are a Homosexual. It figures. Just another fucking atheist who belongs to the Animal Kingdom.


A professional psychologist friend of mine told me that men who have Anal Intercourse with a woman are just substituting the woman for a man.


Furthermore your description of disrespect, contempt, towards women tells me that you have an utter hatred of them, that you despise women.


What a wannabe Dicksmoker.


Keep on writing. You are an example of what Feminism does to create Manginas. What is the matter? Did your Mummy act too much like a man and piss you off?


How is living in the basement, Mr. Penisbreath?


What shall I expect from those proclaiming to belong to the Animal Kingdom?


You just will serve to help demonstrate to other atheists just how degenerate that you have become.


To everybody else. Please give this a Downarrow to let me know just how many SUPPORT Ass to Mouth's behavior.


It is just behavior that is to be expected from the Animal Kingdom, right?

Thu, 01/02/2014 - 02:33 | 4292636 BigDuke6
BigDuke6's picture

Its typical of this place now - yeh ban me.

You can spout sick filth but ask who runs Wall St, the MIC and pays for holiday jollies for half of congress and you're Bank Guy in Brusseled  .  RIP.

Thu, 01/02/2014 - 20:34 | 4294959 MeelionDollerBogus
MeelionDollerBogus's picture

far as I've seen it's the religious fucks that act like this.
An atheist is smarter than this, than you.

Wed, 01/01/2014 - 23:09 | 4292366 disabledvet
disabledvet's picture

I think whatever gold we have is pretty minor if nobody really cares that Detroit went bankrupt, the ACA was a total bunch of b.s. and Elon Musk has figured out how to launch rockets 75% cheaper than what all the morons running the Space Program having been telling us going on thirty years now. We used to have surpluses in the hundreds of we're on the highway to heck. go figure.

Wed, 01/01/2014 - 23:54 | 4292451 Uber Vandal
Uber Vandal's picture


Nikkei 20K

Who gets there first?

Wed, 01/01/2014 - 23:58 | 4292459 yogibear
yogibear's picture

No reason to think a DOW 20,000 and a an S&P of 2200 call is insane anymore.

Just keep riding the exponential wave upwards. 



Thu, 01/02/2014 - 00:11 | 4292472 yogibear
yogibear's picture

No reason to think a DOW 20,000 and a an S&P of 2200 call is insane anymore.

Don' fight the Fed!

Just keep riding the exponential wave upwards. 



Thu, 01/02/2014 - 00:13 | 4292478 loveyajimbo
loveyajimbo's picture

Off hours gold is howling... maybe, finally it breaks the bonds of the JPM crooks?

Thu, 01/02/2014 - 00:53 | 4292530 DirkDiggler11
DirkDiggler11's picture

Nope, just JPM trying to recruit a new batch of suckers to play their game in 2014.

Stack it and forget it. Consider current low prices as "on sale".

Thu, 01/02/2014 - 00:57 | 4292534 SilverShortage
SilverShortage's picture

Marc Faber :

There are so many warning signals, it is hard to believe
In early December, Faber said while his doomy predictions hadn’t played out yet in 2013, that didn’t mean he doesn’t expect them to come to fruition in 2014.
“A year ago, I expected a 20% correction, and it didn’t happen. But I also said at the time that one possibility was a repeat of 1987, when the markets went ballistic, and then crashed by 40%. I think we are in a similar situation,” he said.
“There are so many warning signals, it is hard to believe,” said Faber on his current outlook for the markets. - in Fox Business News

Thu, 01/02/2014 - 01:04 | 4292544 Herdee
Herdee's picture

I'm still saving,mostly in physical bullion,silver and gold coins and in various funds run by Sprott Inc. here in Canada.I'm waiting eventually for a Chinese gold backed trading currency for oil and commodity trading.It still might be some time yet but nobody knows when China pulls the plug on U.S. debt and demands that everyone settle in gold when the U.S. Dollar collapses.Gold is the worldwide hedge against U.S. political corruption,an out of control deficit and entitlements that cannot be paid without massive money printing in the trillions.The defence budget is still at record highs on imaginary enemies like Russia and China and the U.S. has lost it's tax base and manufacturing to foreigners because of sky high tax rates.The whole mess on Wall St. backed by the crooks at the Fed smells of corruption.Everyone in Canada loves the American people but we hate the political crap in Washington that is deadlocked and destroying jobs for ordinary working people.The world needs peace and needs to get rid of the war machine mentality.It's so 50 & 60ish BS.

Thu, 01/02/2014 - 08:08 | 4292778 eclectic syncretist
eclectic syncretist's picture

You forgot that the Fed is stuck in print mode in perpetua because the politicians are caught between being beholden to the banks for funds and the free-shit army for votes.

Thu, 01/02/2014 - 01:48 | 4292583 q99x2
q99x2's picture

Yep Faber is out of investment advice. The end is near.

Thu, 01/02/2014 - 07:03 | 4292750 Dudeskis
Dudeskis's picture

People who cling to fundamentals are out of words. We're so far off the reservation only Krugman understands.

Invest in ammunition.

Thu, 01/02/2014 - 04:12 | 4292668 devo
devo's picture

I don't have any feeling for equities in 2014, but gut instinct said to sell my shares of SPY and buy individual/undervalued stocks. I don't think it will be a good year for index ETFs. Might be a good year for small cap, midcap, and undervalued dividends. Tech looks fine. Healthcare and Defense look good. Gold..unsure. I kind of love it here but haven't pulled the trigger because traders can keep getting it wrong. When traders figure out the correct narrative gold will spike, I just don't know if it will go lower before that.

Thu, 01/02/2014 - 04:21 | 4292673 boeing747
boeing747's picture

FYI, one hundred years ago, one japanese yen can buy one oz of silver, now fuck up, need 2,000 yen to buy one oz of silver.

Thu, 01/02/2014 - 05:36 | 4292706 samcontrol
samcontrol's picture

at least three strings.
vote for me , bend over and shut the fuck up.

Thu, 01/02/2014 - 08:33 | 4292772 surf0766
surf0766's picture

‘Stock Market Bubbles Don’t Burst in ZIRP’

'Housing will never go down'


Only way to win the game is to not play. I don't own gold or silver. I own no stocks or 401k. Up down doesn't matter.


The 5 lb bag of sugar is now 4 lb for the same price. 20% inflation. If you don't undersand move along.

Thu, 01/02/2014 - 10:53 | 4293046 PrecipiceWatching
PrecipiceWatching's picture

With ACTUAL inflation at 6-8% and sure to stay at that level or increase, stocking up on REAL household commodities is a solid, guaranteed investment.

I don't understand the disdain for PM's, so maybe I'm not getting your message and should just "move along".

Thu, 01/02/2014 - 08:29 | 4292791 Sufiy
Sufiy's picture

KWN: “The Most Remarkable News In The Gold & Silver Markets”

King World News has published very interesting long term charts for Gold, Silver and Gold Mining Shares.

Thu, 01/02/2014 - 09:43 | 4292870 Freewheelin Franklin
Freewheelin Franklin's picture

Why is he in Thailand? I don't understand. 



Thu, 01/02/2014 - 09:48 | 4292875 youngman
youngman's picture

I predict we see many Bankers buying up gold miners...they need the control of the production to pay off their as GS buys miners...I bet that will be a trend for 2014

Thu, 01/02/2014 - 19:51 | 4294816 MeelionDollerBogus
MeelionDollerBogus's picture

pay off? Who will make them?
Just keep the gold & the money.

Thu, 01/02/2014 - 10:38 | 4293010 nagan
nagan's picture


Marc Faber says to invest in a quality financial advisor on his blog.

Thu, 01/02/2014 - 10:59 | 4293054 thorgodofthunder
thorgodofthunder's picture

You know what would make a cool feature on a financial info blog like this one? A credibility tracker. If a user's stock/bond/PM/currency picks could somehow be tracked next to their username I would know which users to read and which to ignore.

For example, David Rosenberg probably has the worst investor track record of any MSM economists. He should rightly be predicting the weather instead of economic forecasts.

Thu, 01/02/2014 - 12:40 | 4293126 evernewecon
evernewecon's picture





An LBO's Simultaneously Creating

And Buying Adversity, Creating

A Bubble, And Selling The Bubble.


(It's A Process That's A Degree

Issue.  It Can Be Sensible 

Investment For Greatest Return

Constructively; Or, It Can Be

Mostly Disruptive And Highly



Essentially, That's What The Fed's

Done With The Whole Market.


It's Financed With The Carrying 

Of The Banks' Dead Weight.


De facto Fed rigging

of monetary policy by way of QE (in lieu

of a resolution trust type fix--the 

banks' purchase of their own mortgage

bubble was matched by those who SOLD it,

and those who put down 5 or 10% 

would be better off not being helped

when it's really helping the banks and

potentially enslaving those borrowers,

absent a mortgage release program, and the

banks should have some skin in the game)

combined with buying near free reserves

financed treasuries, and the buying of

mortgage backed securities, including

not at market prices, so as to 

substitute partly new dollars for 

junk, leaves Americans going on 

year 6 with more of the same:

as soon as rates rise it will require

less principal for comparable return.

An LBO's Loading Up With

Debt, Laying People Off,

Quashing Pension Ob's If Possible,

Making A Pocket on The 

Liquidation Value, And Then

Reselling To The Public, Who

Pays Off The New Debt And Buys

The Bubble.

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