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And The Second Best Performing Currency Of 2014 Is...
Gold...
Arguing that gold is not a currency? Tell Alan Greenspan...
GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.
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You can't print gold
http://y2u.be/VI6tBwVjyOY
No but you can trade it for cats!
http://www.catsforgold.com
What's a trillion between friends?
Just keep stackin' silver all you "folks" out there...
The more they hate on the silver phyzz, the more we need to keep stacking it. Because that's their "tell".
And when they (the JP Morg) decide to change course they're going to run silver to the moon.
To wit:
Ted Butler: The Perfect Crime
http://www.silverseek.com/commentary/perfect-crime-13944
How JP Morgan has probably accumulated at least 300 million ounces of physical silver...
The paper game will end when they've finally destroyed the phyzz supply. THAT'S when it will end. Then silver will become the most sought after phyzz in the universe.
There's no other reason why TPTB have destroyed it with their treasonous paper like they have the last three and a half years. They still may use up most of 2015 and into 2016 as well to keep silver supressed and mining companies bankrupt while the rest of the above ground supplies get scooped up.
Then after they're done with all that bullshit...look the fuck out, bitchez. And you better hope you've been stacking as much phyzz as you could while it lasted on these fire-sale discount prices.
Cuz the silver rocket launch just might be the signal for the beginning of the zombie apocolypse.
So fuck the "BTFD" shit at this point anymore...it's been a "dip" ever since it's been below at least 250 an ounce! That's the fucking joke of it all! When they run it to 500 an ounce that's when it'll just be getting started!
There is no more BTFD. There's just stacking as much as you can afford with your fiat from now on while you can. Plain and fucking simple.
Hey, Happy New Years, bitchez! :-)
I'll have whatever it is that he's drinking...
Plausible scenarios that should be taken in consideration prior and during the demise of the American Dollar and the collapse of the US economy:
– A major war involving US forces: the ongoing events in Ukraine may force the intervention of NATO in the coming months. Let's not forget that the US Government has already committed an Act of Aggression against the Russian Federation by making into law the Ukraine Freedom Support Act of 2014 and President Obama's Executive Order 13685 - Blocking Property Of Certain Persons And Prohibiting Certain Transactions With Respect To The Crimea Region Of Ukraine. Under International Law, Russia is entitled to retaliate with of all conceivable means available at their disposition, including the military option (UN Charter, Chapter VII, Article 51).
– It is an undeniable fact that the US dollar is losing its privileged status as the world’s reserve currency, being replaced progressively by IMF’s Special Drawing Rights and China’s Yuan (starting 12/29/14, People's Republic of China and the Russian Federation are carrying financial transactions using their local currencies); the consequences of such outcome in the coming years will be totally devastating for the American economy.
– A massive social unrest taking place within United States territories due to worsening economic conditions: ordinary Americans witnessing their purchasing power being destroyed due to hyperinflation, rampant unemployment, etc - retirees, the disabled and people chronically dependent on government assistance will be the first casualties of this scenario.
– Domestic insurrection: the recent killings of NYPD officers at the hands of an individual that advocated disturbing views against the organized establishment...everybody should wonder, how many people in the United States share the same ideology and are willing (and ready) to challenge the Sovereign - a prelude to a needed implementation of Martial Law in this country.
DO NOT trust that cats for gold site. My cat had a very weak dead cat bounce and they wouldn't take returns. All my PMs gone now.
I'm drinking some healthy colloidal silver water, friend...go getchew some! ;-)
And just so we all understand there's no disputing record silver phyzz being scooped up off the market (for a very long fucking time, I might add), Steve "SRSRocco" has also just written about the record silver phyzz purchasing that has gone on over the last couple years in his newly released article below:
http://srsroccoreport.com/market-data-proves-overwhelming-public-demand-for-silver-eagles-not-jp-morgan/market-data-proves-overwhelming-public-demand-for-silver-eagles-not-jp-morgan/
If any of you don't know Steve's work, well, get over there and read up! Some of the best analysis on PM's on the 'ol interwebs that there is, hands down.
So I'm not just going with Ted Butler's theory that it has been the JP Morg who has been solely reponsible for scooping up all the phyzz. I will also go with Steve's theory that it's also the very small percentage of us few in the public sector who have done are fucking best to contribute to this record phyzz hoarding.
Excerpt from the article that I've posted above in Steve's own words:
Butler assumes JP Morgan purchased half of the 140 million Silver Eagles produced since April, 2011… and he believes this to be true because “According to very reliable sources, general investment demand has been lower over this time.”
This is where I disagree with Butler. Now, let me start off by saying it was Ted Butler’s writing back in the early 2000’s that motivated me to start buying silver. So, I have a lot of respect for Ted as he was one of the leading silver analysts writing about the shiny metal well before it became on the public’s radar.
While I believe there is significant manipulation in the precious metals markets (including most other markets) by member banks, I do not agree with Butler that JP Morgan purchased nearly half of all Silver Eagles since 2011… and I believe I have the market evidence to support my claim.
Read the rest of Steve's article to get where he's coming from. I also agree with Steve. I agree with Ted and Steve. I agree that silver phyzz is disappearing, and I agree that stackers are partly responsible for that because we're not a bunch of dumbass sheep tards!
While no one can know for sure, and while both provide very solid theories and the best evidence that can be gleaned from the good 'ol interwebs as well as those "official" numbers reported by the Cartel...my preface from my post above still holds true in my opinion.
Keep fucking stacking! Who cares who's been scooping up all the phyzz, right??? It may be the JP Morg...it may be us 2%'ers (which I'm more doubtful of), and maybe it's Eric Sprott! HAHA He does have a shit-ton of phyzz though...
The real answer is that it's all of us, right???? It's all of us, and let's face it....what 99% of the people who know what the fuck is going on can all pretty much agree on though is that there's only around 7 Billion ounces of phyzz silver above ground right now, riiiiiiigggghhhhht????
So regardless of who owns most of it, that's only 1 fucking ounce per person on this planet, right????
It's becoming more scarce as it is used and abused industrially, right????
China's hoarding the hell out of silver while producing world record numbers of insane amounts of solar panels (along with India), right????
It's getting harder to find out of the ground as mining companies can't make anything near a profit on it, right????
The paper derivative obligation is so blown out that it's estimated to be around 100 to 1 paper ounces to phyzz ounces, right????
Do I need to keep going on with this shit???? NOPE.
The fundamentals are there in fucking spades. And as I said in my post above...the fucking "TELL" is that phyzz silver has become totally hated and crushed by this treasonous, criminal Cartel, right????
And most likely they're the ones stacking the fuck out of it while they smash the price via their criminal paper market, right????
Do what they do and do what whoever the fuck else is doing by stacking this shit now while you can. Because these 2%'ers who are stacking like there's no tomorrow know what the fuck they're doing, bitchez.
Plain and fucking simple.
Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money
Why does the money stop flowing?
There are not more resources the money can access without accumulating debt at an equal or greater rate. The money at this point has to be issued out at a ZIRP, because there is nothing to be sieved of the flow from Interest & Taxation.
Once you grasp that Money is not a THING in itself, but just a PROXY FOR ENERGY, you should also grasp that it does not MATTER what the currency used is made from, Paper, Gold, Cowrie, Shells or Digibits. Issuing out more digibits to buy energy that is not being extracted does not allow you to buy more energy. You cannot issue out more Gold (because of course what Gold is left in the ground takes ever more Energy to extract)
At a certain point in the Collapse of a Civilization, it ALL goes WORTHLESS. Not just the Fiat Paper, not just the Gold, but even the SOULS of MEN. The life of a Slave is Worth LESS than it costs to keep the Slave alive, so the slave is disposed of. When the Souls of Men become worthless, just how much value do you think remains in an Ounce of Gold? Answer, not a whole lot there.
There is no stopping this process, the only thing that remains somewhat possible is to slow it down some, and to REVERSE ENGINEER…..
http://www.doomsteaddiner.net/blog/2014/12/30/of-heat-sinks-debt-sinks-a-thermodynamic-view-of-money/
~"I'll have whatever it is that he's drinking..."~
Ditto. Make mine a double.
Tell me more about this "investment"....
I once bartered an ounce of gold for a sled dog (with someone I cared about).
well, at least you can eat cats.......MMMMMHHH....sweet and sour boneless pork.
You can't print silver either but it sure looks like they can.
.........Or the shit food you keep flogging!
The more you canprint the less it will be worth.
Why has the $C lost so much?
The $US is doing all the printing and the $C is doing the losing.
The cabal supports the US dollar. Canada is part of the cabal. Just look at that Harper dude.
I try not to, at least without having a barf bag handy.
First off Harper and Co devalued it b/c he wanted to boost exports via lower costs. And of course there is the oil elephant in the room ... The tar sands look pretty expensive, no?
Not when oil hits $550. The Saudis & US frackers have a finite dinosaur-flavored milkshake, and every year they're sucking on it faster and harder.. $55 is just a headfake..
But you can trade it for a Dog like silver, and then hope & pray, hope & pray, hope & pray that silver will recover.
While Gold may hold some sway with bankers, silver does not. It's a pure commodity, for industrial and jewelry uses. And please spare us the End of the World crap that's getting very long in the tooth. How many generations have waited for the Second Coming, while being absolutely convinced that their generation was "it"?
Silver shills, sell Hopium elsewhere. I hear that the Dem's are into that these days.
I guess that's why, without fanfare, legal tender currency composed of silver has been minted in an amount exceeding the quantities available to the public when it was a "monetary" metal backing pieces of paper with their promise to redeem on them?
And you got a big fuckan mouth for a 4 week member here at ZH.
Shut up and learn something before making yourself look so stupid.
No doubt I could learn a lot (even after having read this site daily for 3+ years), but ENTITLEMENT BY SENIORITY won't fly with me. Nor should it with any real libertarian/Libertarian.
An Idea or Argument should stand on its own merit, not on Membership. Unless you're a Statist, who believes that "Membership has its Privileges".
I'm happy to learn from someone with better info, insight or analytical skills. And happy to have the Wisdom imparted in a civil manner. I rather suspect, sir, that you are not that... 'wise Sage'.
Yeah, right. I've seen literally hundreds of your types pass through here the last 5 years bashing PM's and spewing the CB, FED and Wall St Bankster dogma. So, after 3 plus years you suddenly felt to urge to enlighten us with your wisdom and ground breaking analysis on gold and silver? LOL...I call bullshit. Your post below is so far off the mark and ridiculous doesn't even deserve a rebuttal.
Like Carl Greenskeeper said recently, "we deserve a better class of trolls" around here.
Yes we do....
Troll alert ZHrs we're gettin' over the target because these pricks are comin' out in droves lately.
We all understand "why" PM's have not performed like stocks and bonds the last couple years. ZH has laid it out there for all to see. If you don't you want to believe it, that's fine with me. Just move along. No need to troll and give PM owners a hard time about it. We get it more than anyone else.
Happy New Year to you guys. All the best to you in 2015.
I've got trolls running up my ass Pig.....so I know this is getting close
Got nice tits, though...
That Pig has sausage for brains.
You won't get "argumentum ad seniority" from me, but a simple question: why is it that you feel compelled always to surgically conjoin analysis of our current global monetary paradigm with the return of the Christian messiah? It smacks of a person with a singular, myopic, and obsessive pet peeve that prevents that person from even starting to engage in a dialog because, at every turn, they're only going to dig through all of the words for "proof" of the true but unsaid motive, and having failed to find it will simply declare their pet peeve to be the true motivator of "those people" anyway. You're like a 70s Tootsie Roll commercial. Only, whatever it is you think you see becomes "Jeebus comin! Look busy!"
I couldn't care less how long you have been here. I only care that the first post I can recall reading by you equates all silver investors as people waiting for the second coming of Christ. You come off like a complete troll. I'm not waiting for anything in particular, I just want something that can't be conjured up out of this air and distributed at a whim , and something without any counterparty risk as a long term store of wealth. I don't care about the day to day prices, im 29 and would prefer not to part with any of my PMs for decades, so I welcome lower prices. Yes, the vast majority of my purchases were in the mid 20/oz range, but again, I have not and am not selling, it just sits there. Feel free to ignore is weirdos and our gold and silver, just go long S&P. hell, leverage up while you're at it. Had I done so a couple years ago, I'd have made a killing. Se la vie.
Noben, welcome to fight club, LOL.
I visited this site a.long time before I signed on too.
I always scratch my head when I see people try to use the elapsed time of membership as a guage of intelligence. I didnt know there was a vetting process or probationary period.
Welcome aboard from a freshman ZH'r.
The words 'silver' and 'money' are the same word in more than half the world's oft-used languages. Silver has always been money, we're in year 50 of the demonitization of silver, against 5000 years of monetization. So far, their experiment seems to be failing. So let's not be too quick to dismiss its value as a medium of exchange. It's always been accepted as having value, it probably always will be. Does that mean it's a good 'investment' right now? Probably not, we're in deflation. But what else can you exchane dollars for with a reasonable expectation of getting back most of your investment? Nothing in the markets. No other durable good is as exchangeable. So as an investment against government stupidity, it's good.
As for dismissing doomers, you just have to consider the mix of elements at work. Just a few - entitlements and health care - entail society-changing risks, with the potential for significant upheaval. And those are the pedestrian risks we've known about for decades, they're normalized. Now you have a government run by people more likely to harm than help the average taxpayer, unprecedented debt and insolvency, unprecedented militarization of all elements of society, etc. A decade or so ago I read a book called 'Why Civilizations Die', The author went through history and identified ten trends that seem to afflict dying civilizations, and the US was rocking all of them hard. That was probably 12-15 years ago. What, pray tell, makes the US immune from the forces of history? On top of spitting in history's face, we've piled up an amazing array of massive new problems (divorce, prescription drug addicition, middle class dispossession, etc.) Cheers.
Being the world's reserve currency backed with the most powerful military force ever on planet earth gives us a little more staying power. Along with globalization, a mostly integrated financial system, being able to write the rules and an ability to change the rules when it suits us adds to the farce. The world is not as fractured and has fewer competing influences. China may be our counterbalance but we have our tentacles wrapped around their balls, and they know we aren't afraid to squeeze. China's manufacturing sector needs the world's dumbest consumers to keep buying their crap, and they need us to honor our debt that they are holding. China's inherent weaknesses and political system do not breed a great deal of confidence for using their currency for trade. All other major currencies have major weaknesses that preclude their assencion to reserve currency status. Thus, we are the fastest nag in the glue factory.
Going forward, labor is going to get cheaper and capital will be more valuable comparatively, as automated touch screens, robotics, and 3D printing gain ubiquity, and replace front line retail food workers, farm labor, and manufacturing labor. The labor pool is already overstocked and adding these workers to it will just make them cheaper.
Read The Death of Money and the Second Machine Age for perspective.
Don't worry about the Pig.
It has been short SPX since 900.
Hedged with Long Gold since $1,800. Would have more gold but the reverse went out on the transmission so it won't back up anymore.
That would be "no".
"How many generations have waited for the Second Coming, while being absolutely convinced that their generation was "it"? "
I'd say not many. The last 60 years (2 generations) Silver has gone from $1 to $16 thereabouts. Not bad for a useless relec like Silver. I see no reason why conservitavely it couldn't more than triple in the next generation.
Silver Chart
Is it fair to mark silver against the dollar? The dollar is a moving goalpost. How is silver doing compared to the prices of everyday goods, like pizza? How much is a pizza today, priced in silver, compared to 20 years ago?
I think you have that backwards. It is the dollar that is the moving goal post and it keeps moving in one direction. Silver as money really fluctuates in relation to gold, not dollars. Of course this is distorted by the current electronics economy but this too shall pass but silver will remain.
nooben,
Wrong premise and argument.
How about we show the above graph in a ten year span instead of one year?
How about 100 years.
Oh, shit, you been noobed.
According to your logic Noben, reserve currencies last forever...and when they don't people such as yourselves are already magically positioned into the next fiat before that sudden rotation.
Talking about "Shills"!
Happy new year faggot.
Sweden, Sweden, Sweden! hahaha. almost as good as gold
GS owns hell, they got it in an arbitrage.....
So?
They entered into a swap contract with the Devil.
Some believe Soros is the Devil but he is just one of Lucifer's lackeys.
http://www.washingtonsblog.com/2014/12/big-banks-conspire-bp-oil-company...
my best friend's half-sister makes $77 every hour on the computer . She has been laid off for 5 months but last month her pay check was $14292 just working on the computer for a few hours. read... www.works3.com
Greenspan, bitchez!
Interesting that Silver is the third-worst performing. Because, you know, after Russia and Argentina, silver has a really fucked up economy.
Yeah, I'm not understanding this chart either...first off, it's a 2014 chart, but gold isn't being used as a currency anywhere in 2014. And does anyone mint silver coinage anymore?
Are they talking about how gold has performed as a commodity in COMPARISON to global currencies?
Confused...
Just compairing vs. USD. All bullshit anyway, since fiat is whatever the Fed want's it to be.
Until reality sets in and people call margin on trillions of defunct derivatives.
A margin call is unlikely given who owns those most of those derivitives.
"...is whatever the Fed wants it to be."
The Fed is the monopoly supplier of whatever it chooses to call the dollar, that's true. But like any monopolist, they can control price OR quantity but not both.
The big boyz need somewhere to go when they're scared. Really big money has few choices, and most of them are dollar-denominated. There are no other markets as deep or liquid.
The moderately big boyz (wealthy individuals mostly) have the option of going into gold (the big insitutions dont really have this option to any important degree). Gold packs a lot of wealth into a comparatively small place, unlike silver.
That's what this chart seems to be showing: the dollar is outperforming most other world currencies as the big boyz flee the weaker currencies, at the same time the mint ratio is changing as gold is disproportionately bid relative to silver. Bottom line, there are big changes afoot in world money markets. Brace yourselves for 2015.
That would be true if the Fed was a lone actor. The truth is the G-X central banks act in concert because its in their best interest to keep the con alive, even to the detriment of their people and economies.
Don't get me wrong, shit is gettin real. However, the con is HUGE and they have a ton of methods to keep the game afloat via monitary and good old fashioned CIA wet work methods.
>>>The Fed... can control price OR quantity but not both.
There you go with that fag talk again. With the judicious application of handcuffs, rifle butts and atom bombs, they can control whatever they please. But you're correct in that the Fed can't do it forever. At some point, they just re-brand.
Gold and silver is money, everything else is noise.
+1 - I like copper (nickles) for small change, too.
Always keep some rolls of nickels in your stash.
Gold is MONEY not a currency. Thats why it is held "in reserve."
Everything else is DEBT that has to be inflated away or defaulted on.
Greenspan is a moron. A central banker that doesn't know what money is and never did. Not that the folks blowing billions here and there do either...but there are real ASSETS somewhere out there...most of them cost a dollar.
When you have TRILLIONS in debt...one DOLLAR is a lot of MONEY as "everything else is just a default."
greenspan is correct, gold is indeed a currency.
go back and review the definition of money and currency.
all money is currency, but not all currency is money.
I googled both definitions. Currency is a system of money. Money is hard cash, coins and bills. This might not be the ZH definition but when you are talking to the sheeple you have to use the terms the way they are generally understood.
this is simply not correct:
"Currency is a system of money."
currency is a unit of account, not necessarily money. for example, dollars are currency, but they are certainly not money, as they lack the classical money characteristic of "scarcity". dollars can be printed limitlessly by the fed, hence, they are not scarce, and are not money.
gold on the other hand, IS money, as it can be used as currency, and additionally has the property of scarcity.
the classical aristotelan definition of money that has been used for thousands of years is that money has the properties of:
"And does anyone mint silver coinage anymore?"
Well, there is the US Mint for starters.
They've just put it on sale for the value investors.
+100 ..that there is some funny fucking shit buckaroo...he he heee. And with that motivation that makes this site sing and bring me back here day after day, I wish all ZH'ers well and the best to them in 2015.
Silver is after all the ugly red headed step child they would rather you not know much about. You know, the kid that is always off alone in the corner at family functions, until one day he/she gets noticed for the real beauty he/she is.
Said Quasimodo as he rung the church bell dutifully, hiding his ugliness from the world.
Silver is the derivative play on gold.
yeah and another thing, are currencies meant to PERFORM? what the fuck does that mean?
Sometimes they sit up and other times they roll over and play dead.
Gold Silver Ratio is now 76
Easy to understand the performance difference between Gold and Silver. In the last 3 years, Silver has gone from a 1:50 to 1:75 G/S ratio where the probable ratio should be around 1:10. Hell yeah it's going to catch up.
"We fiated some folks"
So USD > all... nice.
Never been a better time to travel!
USD uber alles
yes the dollar beat gold, GS taught a lesson
"Gold is money....everything else is debt.". In the case of Alan Greenspan " that would be TRILLIONS in debt.". Panderer to power indeed.
I have no clue why the dollar continues to surge...but its not interest rate differentials that's for sure. Russia has an overnight at 17%...am I buying rubles? I don't think so...
There are assets in this world...especially a world with TRILLIONS in debt. One of them in my view is a simple F-150 pickup truck.
pre eprom controls, and 30,000 'base price ' tag.
F-100 will get you there and back.
https://www.truecar.com/prices-new/ford/f-150-pricing/2014/
http://blog.caranddriver.com/ford-considers-challenges-of-new-actually-c...
Arnold
What a joke pick-ups have become. They are nothing but updated "personal luxury " cars from the 70s sans opera windows but with a bed. Don't see any of those over bloated luxury barges running around with a bucket load of crush and run. Yuppies moved from SAABs to pick ups about 15 years ago.
Yuppies do not drive pick-up trucks. WTF are you smoking? SUVs, ok.
What R U if you drive an SOB and a P/u Truck?
I like my 2002 Chevy ext cab.a hell of a lot more.than my 1976 cheyenne I had in high school. Better engine, sweeter looks, more.room, better mileage.
I do not understand your criticism.
The point he was probably making is that your Cheyenne is a whole lot simpler so much easier to maintain than your Chevvy let alone the current equivalent.
ECB will probably print, BOJ is printing. China's growth is slowing, so AUD is also weakening, Fed may hike rates, etc the list goes on. Theres also a snowballing effect going on here. carry trades will be unwound if the dollar keeps going up, which makes it go up more. . .
I dont disagree with you that its on par with two-ply but so is everyone elses currency.
Everyone everywhere is printing. Hell, even the Swiss started printing a few years ago. The world economy it nothing more than the Red Queen's race brought to life.
That is not true. Any kind of fiat issued as seigniorage against the existing money supply is a wealth money. Any kind of fiat issued against a debt instrument is a divsion of said instrument.
Fiat means faith, and the faith is a function of money system design.
Debt instruments spawing a form of international credit are a fairly new form of money, invented primarly at Amstermdamn's stock exchange system around 1200.
Romes original Copper money was fiat, issued by the state as seigniorage, and had no debt associated. Therefore it was wealth money related to goods and services, and also had law backing by the state and its institutions.
The copper fiat law money of Rome is the main reason Rome expanded so quickly. Romes adversary was the Metal Money of the Orient - the levant or middle eastern Silver money primarily.
After second Punic War, Rome succumed to the idea that money was metal by weight, and that law had nothing to do with it. She lost her sovereignty eventually as she moved toward Byzantium. She tried to control the exchange rate between silver/Gold.
At the same time Rome did not tax properly, imported slaves, and allowed land to be attached to land, and ended up with latifunda. Rome then regressed into oligarchy, where land was held by a few, and money was metal by weight. This then caused the world greatest depression, or the dark ages.
Yes, most people are not taught what money really is, because the amount of propaganda is immense. For example, studying money history, the silence is amost deafening. The money system is what allocates societies wealth, yet virtual silence. This is conspiracy of the first order because the state had been subsumed by special interests. The Aipru tribe was the first in history that started controlling volume and used various shenanigans including the hypnotic suggestion that money is some sort of metal by weight.
Money is an abstract thing like mathematics. We give it its properties though the system it flows in.
Fiat can be anything we choose though the law. In today's world, Fiat is private banker money created as credit.
I thought a ounce of gold is worth $31 or so?
It was
That will cost one TRILLION dollars to get one OUNCE out of the ground now.
Sounds about right to me.
Maybe 31 silver dollars -- that's around one of my long term GSR targets.
Are you tell me that the $ is stronger than gold? Who's the fuck that said so? Even if it is priced in the green backed TP, Gold outperforms every time as all FIAT currencies go up in smoke at one point.
what's your point? in the long run we're all dead.
ytd - TLT +25%, GLD -2%.
On a long enough time line...
Is New Years Eve. One year closer to the end of that time line.
Gold, Bitchez!
Who cares what currency, commodity or stock market is low? All I want for Christmas is for bearish websites which never get any predictions correct to keep on persuading you MUPPETS to not buy in, so I get cheaper prices.
How many bearish articles on bearish websites have been right in the last SIX YEARS? How often have these articles drawn pathestic conclusions from ethereal articles? How does that make me feel, being on the buy side of a rising market for over HALF a decade?
Pretty good, almost smarmy.
Here's some advice, you won't see in any of these articles: Buy LOW, Sell HIGH.
That doesn't mean EVERY-FUCKING-THING except precious metals is high, nor does it mean there ain't anything low - it's a market and usually something will be low. Selling gold every DAY is fucking stupid, you might as well just follow what the teevee tells you, as well as read the guff this site spouts every day.
Where does it say this site is dedicated to providing investment advice? I see all sorts of economic, crime, political, and weird news articles. Very few are investment advice. Of those, most are laments of corruption and statism, not so much advice on how to invest.
You may be up but you are investing in lies. This site has tried to provide the truth, profitable or not.
you are the guy who called me nuts in 2003 when i said the real estate market is in a bubble because the price of homes exceeded the historical income ratio as a i flipped a coupla homes, selling the last one in 2005.
now you appear again as the same person calling everyone nutz because they can't get the timing right on an inevitable event. as of today i am in cash with the exception of a coupla promising biotechs(obamacare plays). the diversion from reality is at an unsustainable point(like the house to income ratio). the correction is nigh.
NIgh? Could you be more specific?
I appreciate your thoughts - I really do. I sold up in 2006 (not particularly clever, I got divorced, but she wanted to buy another place to rent out the year before and I didn't like the high prices, so there is that).
I think prices are high today, too. I just wish the doom merchants would be reasonable or, at least, logical and consistent. The constant barrage at QE being a precursur to high inflation, the constant threat of deflation in assets, the constant moaning about employment, the unwillingness to accept other views (and retrain in growing industries, I expect), the faith in gold as an inflation hedge but the opposite when other inflation hedges, such as stocks or property...
There just isn't any logic in all of these views being concurrently correct. I lost a bundle in 2007/9 but antied up and made it back and a little more since, following exactly the opposite of what so many articles on this site recomended - over the last 6 years or so. I also retrained in 2007, into a growing industry, and moved country several times. I'm thinking of getting out of the stock market, save for a small amount to keep skin in the game, and moving to cash pretty soon. But, if we get a decent correction I'm going almost all in as the CBs won't let this train derail. They already have skin in the game, numbered in the trillions.
(OT: Crude is 4c above today's 5 minute lows and another new 5 year low, on its way to $42: see if you think that the monthly chart really wants to bottom here at $52):
http://www.investing.com/commodities/crude-oil-advanced-chart
Predicting $42.22 -- now where did I see that number before?
Doesnt have to be like this though does it?
Second best performing toilet paper??
Together, we will go our way, together we will leave some day, together your hand in my hand, together we will make our plans, together we will fly so high, together, tell all our friends goodbye, together we will start life new, together this is what we'll do...
The best performing shit?
Go west by the pet shop boys if it means owt.
;-)
Stop making fun of toilet paper. It had a better year than gold too.
:-P
Toilet paper is very much needed friend.
You think Gold had a good year? Take a look at the price of Bacon.
& Eggs
Not at all, not necessary. Buy a Biffy!
How to and I got rid of my toilet paper:
http://www.biffy.com/the-biffy-classic-non-electric-adjustable-pressure-...
You don't dry your rear after using the toilet? Sounds barbaric.
Use a wash cloth, it's only water. Which can be washed after a dozen or so uses.
Try it. Much more sanitary too.
Not needed in many asian countries. Water and a nimble left hand is fine.
When the entire world's currencies collapse, toilet paper will still be usefull (it's two-ply and much softer).
Water, warm preferably, is more hygenic.
I wouldn't be giving Pet Shop Boys credit for The Village People's gay anthem.
There's always a lot of gold on Leather Man.
Er ... not there's anything wrong with that.
Unless you're the one getting fucked in the ass.
Nice quote.
shame about the ruble lol
And that was before today's ride on the fx vacuum cleaner.
mirroring putin's performance
So if the Saudi King croaks
Saudi King undergoing medical tests in Riyadh hospital: state TVWho thinks that will be good for the dollar?
p.s. Very good chance that his successor will be more inclined to do DC's bidding, btw.
d
"The New Saudi King, Abdula Abdula, announced today Oil will be priced in Yuan, starting tomorrow."
The Saudi Royal, flanked by Putin and Xi, made the announcement this morning. The local ports were full of Chinese and Russian Navy ships who were there for a "regular training exercise."
Meanwhile just over the gulf, the USN and Royal Navy awoke to find their ropes cut and their ships drifting on the tide.
This article is wrong in soo many ways. The statistics are correct, but they aren't nominally (seasonally) adjusted.
Sorry, I just had to have a bit of fun on New.Years.Eve. West of G.M.T.
In pre-industrial cultures, culturally-specific Assets were "Stores of value".
And still are: Food, Alcohol, Tobacco, fine Art, Vice. Heck, these days liquid gold (Olive Oil) is more valuable than solid gold.
Nothing wrong with solid gold, but let's keep our shorts on and let's keep some perspective. Unless you're a gold shill and making money from its trade, in which case you don't want level heads.
As an observation -- that NO one has yet made, I believe -- recall the term "Moneychangers" and "death to Moneychangers". Well, Moneychangers were the parasites who positioned themselves at a choke-point on the monetary market, where they made profits (margin) from converting one type of currency (Shekels) into another kind of currency (Temple Money). Both the Moneychangers and the Temple Mafia made a tidy profit from the Trade.
The modern-day equivalents are on Wall St and thousands of Investment houses, no doubt. An we all agree on this point, I'm sure. But the part where you fail to "see" what is hiding in plain sight and right in front of you, is... the Latter Day Moneychangers, aka Bullion and PM Dealers. They too are converting one kind of currency into another, while making a tidy profit. Their "Fear-trade" is admittedly more secular than that of the Moneychangers are the Temple, but both are using and leveraging the Fear-trade to their profit and economic benefit (lifestyle).
IOW... Bullion Dealers are modern Moneychangers. Keep that Fear, Doom, Gloom and Boom coming -- so they can stay in business. Now, about that "Death to the Moneychangers"...
p.s. I apologize if I've caused you cognitive dissonance, and perturbed your Moneychangers paradigm. Feel free to lash out, if it helps. Especially if you're a Moneychanger. Happy New Year.
Like I said, you should talk less and read more.
rotflmfao! Happy New Year BOP.
People who use too many fancy words and long circular arguments don't know what they're talking about.
Gold is money, and nothing else is. Silver shares the same properties and is money on a bi-metallic standard. Will have approximately 15-1 parity.
+1 - I don't think I can wait for 15:1, at least not on the first "round". Looking for 52 (maybe even a little at 57) to one to swap back to gold and/or pgm's.
That parity is impossible: the world's trade & consumption of each metal doesn't match up to a stable linear ratio.
Dude! When gold hits $5K or $10K, you'd be thankful for the pittance you paid for the change of paper to real money, especially if you bought it today. Free Market, where 2 people agree on a price, and both believe they are getting a bargain. Physical bullion dealers are the friendlies, the banksters Not! Speaking of banksters, remind me to exchange some fiat for a good rope.
Gold is now the clear choice for savers. If the price goes lower all those 'third world nobodies' who actually like physical gold will buy up all that is left on the market and crash the paper market.
The little man behind the curtain has to be very careful now. If gold goes too high it will incite a rush into the metal. If it goes too low physical hoarding will crash paper markets. He must be very busy with all the lever pulling.
I'm confused.
Don't I have to use my paper to buy gold?
You can't get your gold unless you have paper. (with thanks to Pink Floyd)
The more gold you want or need the more paper you need to buy it, n'est ce pas?
The paper is only good as long as people execept it. When people no longer accept the US paper they'll take another paper.
All fiats go to 0.
I bought silver with gold (Pt, Pd) and will reverse the process when the ratio goes back down, no paper (dry powder) required in this case.
Not later: later it will be food, medicine & property for gold. No paper allowed.
When gold went to $1,800 I did not see any rush into the market from third world nobodies.
No one who failed to be convinced of Gold's continuing status as money in 2008 - despite Central Banker denials - will be convinced by this chart.
The winds of academia and finance industry economists panning gold, while actually panning FOR gold, is simply an instance of them talking their book.
Some people simply have greater trust in their fellow man than they do in objective reality - hence the preference for paper promises over element 79.
Hmm...
No mention of the Hryvinia.
I wonder where it fits in this chart.
Right? Worse than the ruble.
Exactamundo
When the entire world's currencies collapse, toilet paper will still be usefull (it's two-ply and much softer).
Seems like Greenspan has seen the ghosts of Federal Reserve.
"No fiat currency, including the dollar, can match it."
Quite a statement. Greenspan wants to confess before he leaves this planet.
Silver, bitches. BUTMT. Back-up the mutha fokin truck.