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I heard that many times before! BS!
I heard it many times before too. As in gold's going to $700! 1000! 1500! 1625!, and to hear each of these predictions lambasted as the height of lunacy. Roubini will soon be so tweeted by goldbugs he will turn yellow and feathery with rage. So yeah, gold is going nowhere but up
Suspicious timing - especially if we apply the Tyler's's's's's's' Goldman Prop desk theory!?
well paper has not decoupled from physical and silverbugz got MONKEYTORCHED today
I'm not sure what that is but it sounds bad. My stacks appear unfazed, however, and are just as shiny as they were yesterday.
But an ounce of silver buys less than it did last week.
Or am I wrong on that?
If you're looking for something shiny may I suggest silica?
...... why don't you try pyrite, otherwise known as trolls gold?
I have composed a draft letter to the white house expressing my concerns about this slow recovery. I just wanted to run it past you so you can tell me what you think:
"Dear Mr President,
I am writing to you as a concerned citizen. Despite my unwavering support for your administration and the values it stands for, I am increasingly agitated about the sluggish pace of this economic recovery.
I am worried that congress is cutting spending too much and too fast and that this is damaging economic growth and I strongly suggest that without further fiscal stimulus we could be headed for a double dip recession. What is the government doing to promote growth and create jobs? With due respect, I want answers and will not be satisfied with smooth political talk.
Just wanted to run this by you guys and see of you had any suggestions. I know it's pretty harsh but I'm really concerned that our government simply isn't doing enough to support this fragile recovery.
Coordinated Chicago/Shanghai margin hike in 5, 4, 3.....
"I know it's pretty harsh but I'm really concerned that our government simply isn't doing enough to support this fragile recovery."
Yes..., that is a bit too harsh. BTW.., I think you better get that thermometer up your butt quick, cause you are very sick!
Put a stamp on it!
This might be MDB's best post yet. Bravo, sir! Fuck, I love subtle sarcasm.
PILE IN, Bitchez ...
DO NOT SEND THAT LETTER, DUDE!!!
i wouldn't want you to get assassinated or permanently detained. never upset the king, dude. never.
Linda GreenVice PresidentMortgage Electronic Registration System
I suggest you throw in a line about being promised dollars dropped from helicopters and not standing for anything less.
The White House will be more responsive if you sign it Million Dollar Contributor.
You should recommend he continue to try to raise taxes on the rich cuz they just hoard money and keep it out of circulation, thus harming the economy.
A committee of government experts should be formed to tell us how best to spend and invest these new tax monies.
You forgot the part about "suck my turgid member". You can put that as the P.S.
The opening is wrong. Start with "Dear Son of Allah." Now that is better.
I found a video of Freddie on youtube:
How about " dear son of bitch allah peanut butter sandwitch !
it's pretty harsh
"Despite my unwavering support for your administration and the values it stands for"
Take this out completely.
"I am increasingly agitated about the sluggish pace of this economic recovery."
"Your a fucking tool who can't even tie his own shoes, your recovery sucks donkey ass"
"What is the government doing to promote growth and create jobs? With due respect, I want answers and will not be satisfied with smooth political talk. "
"It is not the governments job to promote growth and create jobs. Let the free market decide, not your little fucking pea brain."
"When Moochelle sucks your dick, does she swallow? Ive always wondered"
Might also write that letter in a green crayon on construction paper, I hear he has a hard time reading big boy pen and paper.
oh, duuuuuuuuude! you are SO gonna be assassinated now! or permanently detained.
Reply - none. No need since 99.9 ARE satisfied with smooth or even stupid political talk.
so does gold.
platinum $1,400(ish).. and going down further?
BEEP.. BEEP.. BEEP.. BEEP.. <--- that is my truck driver backing up.
You buy Paper anything.. with the World Credit Markets Freezing Up! and I will buy metal.. see ya in 6 months.. lets compare K-1's!
The largest holders of gold are among banks and European sovereign nations.
While you're backing the truck up, they are rolling you over.
I said this was going to happen when gold was at 1,900 but no one here wanted to listen and instead decided to ad hominem attack me.
He who laughs last laughs best bitchez. ha. ha.
If you think deflation is here to stay, you'd better check your history.Deflation or inflation/hypyerinflation it is just a policy choice.
21 countries have experienced hyperinflation in just the last 25 years:
These countries have experienced severe deflation over the past 50 years:
Why does the government hate deflation and lower prices?
Because it lowers their tax revenues, it gives private citizens back their purchasing power (makes money more valuable to hold and save and invest) in their money and it lowers asset prices and other other consumer prices for goods and services we need and want.
Deflation does not allow governments to use inflation as a tax to steal our purchasing power (inflation is 100% pure government policy and is really nothing but an invisible, hidden government tax) and it lowers the taxes they collect on normal things like wages, property tax, etc.
This is one of the major reasons why there is so much effort by the Fed and Federal Government to try to re-inflate the housing bubble and to create inflation.
It’s in the government’s interests to create inflation (not too much inflation at once or too many people will wake up and realize and also dump the paper, fiat currency).
The bottom line is modern governments and central bankers have not allowed deflation to occur without first trying to interfere heavily in a country’s economy and markets and to first create inflation.
History is strewn with countless examples of interventionist policy by governments where the free market was not allowed to heal itself and purge itself of the bad investments and misuse of capital.
So if you believe deflation will prevail as Bob dabolina does, sure, sell your precious metals. If you believe as I do that printing to infinity will occur, hold onto them and buy on the dips.
Bob_D told you to sell that when Gold was @ 1,900 and silver hitting 49.
Don't get it confused.
Silver - the only commodity in the world still BELOW it's 1980 inflation adjusted and nominal high - I'm not worried.
Gold - just check out this chart for India - the story is similar for China and most other developing nations:
Dollar vs gold long term chart that even a trained monkey could extrapolate from:
long term dollar purchasing power:
Do whatever you want. It's your moolah.
You were correct in calmly calling the short term tops in gold and silver. But next time you could be wrong and sooner or later you will be wrong and you will be selling your life boat for a pair of cement shoes. Be careful.
'dabolina' = 'jealous'
Its true! i read and studied this behaviour in highschool. What else is it - unless your a troll.
Anyone spending this much time on a website (and not adding any value/info) - and its not porn or poker or sports - is a troll or jealous.
The key to your comment is highschool. You also spelled 'your' when it should be "you're"
What am I jealous of? Losing money?
I wish I lost as much as the people who took the opposite side of my trades. Good thesis....good luck in college.
Learn grammar/spelling before you start criticizing people.
I think bob adds something. We all know the gold to da moon theory. Good to hear some different versions. I documented buysin zsl on this site one week before the great collapse. Best trade i ever made short term.
I am seriously considering buying gold at support, but gold hates me and tries to hurt me now, so I am not sure if I should.
I think you guys are confusing a long-term view of gold and its inherent value in case of a SHTF scenario. Bob_d is looking at it from a trading perspective. From a TEOTWAWKI perspective, hanging on to your gold for dear life is the best move. From a purely trading perspective (short-term) Bob_d is the winner. Apples to apples, dust to dust, bitchez.
"From a TEOTWAWKI perspective, hanging on to your gold for dear life is the best move"
From a TEOLAWKI perspective, hanging on to your gold for dear life is the best move.
There...fixed it for ya!
Still wonder what the "price" discovery method would be in an economic collapse. Will your one oz. gold eagle buy the whole cow or just a 5 lb. roast. In Cormac McCarthy's book "The Road" (granted the worst case SHTF scenario) gold has no value to the survivors. Food, weapons, clothing, etc... become the valuable items. I am still reading "When Money Dies" which provides insight into post WW1 Europe. They were trading gold watches for sacks of potatoes, grand pianos for sacks of flour, etc... So who knows what anything will be worth? I know, my family needs water, food and shelter to survive, so I will keep concentrating on my ability to provide those items in our uncertain future.
Depends on your resources really. First food, water, shelter, things to trade, firearms, and stay close to family. Once you have those gold and silver will hold value for after things are reestablished. Recent breakdown in Bosnia (1992-95) says silver, gold, are not the first things to own.
for the papper lovers of the world .. if you dont want Au AG ... at least buy some iron and Led
They can't roll over our will.
Tell that to the Enron investors.
Can't tell the difference between silver and paper. This is why you will come out of this with nothing.
Counterparty risk, bitches.
Unfortunately the counter part risk is society.
I have guns. You have silver. Who wins?
So you admit that you would, or will, resort to brute force and theft in the case of a financial collapse?
You are pathetic.
This guy is a troll. However, when things start falling apart - you will be shocked at how people will behave. If you have a wife, daughters, sisters, nieces or aunts - make sure they are armd and know how to use a gun.
People will just be taking things like animals if things fall apart. People voted for this in Nov. 2008.
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