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How is that gold investment working out for you?

Have you talked to Rothmans recently? A couple years back he was our resident doom and gloomer. Now it sounds like hes high on flying first class :laughing
 
Its funny how people dump on each others investment ideas when there isn't anyone with a real clue how gold will perform.

Might as well claim your religion is better.
 
Good articles TJ. Tabbai's the bomb! And yeah, the same thing in the paper gold markets is happening in the regular securities market. Phantom shares...
 
Holeshot said:
Good articles TJ. Tabbai's the bomb! And yeah, the same thing in the paper gold markets is happening in the regular securities market. Phantom shares...
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Regular shares, phantom shares - doesn't matter.

The DTCC technically owns 99% of all stocks in the world.

http://www.ifii.com/articles/498930687/who-really-owns-your-stocks-hint-it-s-not-you

Ah, but the lemmings will keep socking their labor (aka hard-earned money) into the paper markets. Because this is America! and everything is going to be just fine. Forever and ever.
 
redruM said:
Regular shares, phantom shares - doesn't matter.

The DTCC technically owns 99% of all stocks in the world.

http://www.ifii.com/articles/498930687/who-really-owns-your-stocks-hint-it-s-not-you

Ah, but the lemmings will keep socking their labor (aka hard-earned money) into the paper markets. Because this is America! and everything is going to be just fine. Forever and ever.
Click to expand...

Yeah, maybe Horse's idea to buy a warehouse for some random number to store whatever in is the best use of any capital. I mean, it's about as educated a use...
 
JesasaurusRex said:
So when's doomsday? Once again, how long til you're wrong?
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Don't know and don't care. The point is, I have insurance in place if/when this phony financial system fails. What's great is that, unlike any other insurance policy out there, i'll get some/all (or more) of my premiums back.

I also don't care that you don't understand a lick of what I just wrote :laughing
 
If this phony financial system fails, your insurance policy better be lots of fuel, guns, ammo, food and water.

redruM said:
Don't know and don't care. The point is, I have insurance in place if/when this phony financial system fails. What's great is that, unlike any other insurance policy out there, i'll get some/all (or more) of my premiums back.

I also don't care that you don't understand a lick of what I just wrote :laughing
Click to expand...
 
The issue here though is for this view to be 100% valid all the time you'd have to only accept that gold/silver, etc is only useful in one specific situation, aka total economic collapse. However this isn't historically true because no one needs to wait for society or a economy to implode for precious metals to pay off.

Second when and if there is a currency reset in a nation the convertibility of a precious metal like gold or silver to other stronger currencies around the world, along with the malleability of precious metals in being able to be subdivided into smaller and smaller pieces for everyday usage is also a boon during times of a turbulent currency crisis.

Slightly Off-topic: As of 2013 Zimbabwe has yet to reissue a new national currency after their currency collapsed in 2009.

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

Oh and isn't it very telling how the stock market reacts and basically starts selling off the moment Ben "Helicopter" Bernanke even gives a subtle hint of withdrawing the QE needle from the arm of Wall Street? Of which one can only deduce that we have not really actually grown the legs to keep our growth and economy going without the aide of a constant supply of QE because otherwise we'd see the necessary contraction occur that would clear out these zombie, brain/wealth eating "Too big to fail" banks along with other mal-investments being feed by Wall Street's QE addiction.
 
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redruM said:
.... stocks carry an abundance of counter-party risk. Gold does not. :zzz
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Also ain't gonna need a bailout, won't have to re-state earnings....

Anyone who is paying attention can pretty much see the the writing on the wall. There is NO WAY that we will pay back our debt, and there is ALSO NO WAY the dollar will continue to be the reserve currency (probably within 10 years).
 
rothmans said:
Also ain't gonna need a bailout, won't have to re-state earnings....

Anyone who is paying attention can pretty much see the the writing on the wall. There is NO WAY that we will pay back our debt, and there is ALSO NO WAY the dollar will continue to be the reserve currency (probably within 10 years).
Click to expand...

Ok genius, what's going to replace it then? Will we buy oil using cow hides? Will every port terminal have an integrated precious metals department that does a gold based COD for every container? Or maybe we'll move to Euros, a currency backed by a bunch of bickering states that can't settle on a clear set of economic policies? Or maybe we'll move to the Yuan, and put our faith in a country that seems to give away endless amounts of free money to state owned enterprises and has zero respect for fair trade policy?
 
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