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How is that gold investment working out for you?

bigt said:
If this phony financial system fails, your insurance policy better be lots of fuel, guns, ammo, food and water.
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Wait Whut?

you mean the 10s of thousands of dollars of Sailor Moon collectibles won't save me at the end of civilization?
 
mercurial said:
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?
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A fiat dollar has no value other than the value in the faith of government being able to pay off its debts and still manage to retain the value of that note so that it is worth being redeemed by the person holding it or accepting it. Furthermore money based off gold would not require "integrated precious metals departments" at port terminals because all exchange of gold for currency notes has historically been done at the banking level and would still occur at the banking level today in this modern technological era of the "interwebz and computorz". Of which such transactions would still occur even in the face of a mid to high inflationary (or even the dreaded hyper-inflationary) scenario.

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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When a fiat currency crashes nations can do a few things:

Reissue and repeg their new currency off another fiat currency (usually a global reserve currency such as the pound was back in the day or dollar has been historically in the 20th and somewhat but now declining in 21st century) and then devalue from that currency to pay off debts. Or it can directly base a new reissued currency off of a tangible and fungible asset like gold, silver and even oil and have exchange transactions be taken care of within the banking system itself. And last but not least it could turn to a digital currency like bitcoin which is highly unlikely but then again we live in a brave new world today so who knows what the future holds for sure.
 
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mercurial said:
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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Ok first of all PETRODOLLAR WILL END! Amerika will eat shit then, hopefully the criminals that run this country will be swinging from lamp posts then.

If you have been paying attention a number of not so small countries are making thier currencies convertible to the Yuan, also oil is being swapped for Gold right now.


China at this point probably has a LESS centrally planned economy than we do here in USSA.

USSA Bankster run Nazi Amerikan gov't prints trillions for banker bailouts and endless wars, shafts bondholders, destroys savers, pumps money into completely phony stock market, inflates housing and student loan bubbles...do I need to go on?

Gold is not the end all be all, but will store value, everyone needs to also have skills, friends/family, land and preferbly be out of debt.
 
Dug said:
A fiat dollar has no value other than the value in the faith of government being able to pay off its debts and still manage to retain the value of that note so that it is worth being redeemed by the person holding it or accepting it.
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And does anyone really believe this criminal gov't can pay off this debt?

47 million on food stamps

11 million on disability

72 million on medicaid or some shit

1 TRILLION in student loan debt

17 TRILLION in DEBT with unfunded liabilties easily over 50 T!

Everyone knows the US and the dollar is going down in flames.

Thats what happens when you have an empire, fight lots of wars, manipulate the markets, spy on your "free press", harass and intimidate people with your IRS thugs, and generally just rule like assholes.
 
I just bought half a Bitcoin. if vapor is the new reality, Ima gonna be rich! :p

(disclaimer: purchased for use as a PayPal alternative, not an investment)
 
Reli said:
Did you guys feel the same way during the Bush Admin?

Just checking.
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Yes. Rothman's is correct, IMO. The Yuan will become the reserve currency especially given the amount of natural resources China is securing the rights to.
 
rothmans said:
If you have been paying attention
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hey, they pay plenty of attention... to all the nice, trustworthy people in TV land :laughing

Reli said:
Did you guys feel the same way during the Bush Admin?

Just checking.
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I first got into gold (and the rest of the 'tinfoil-hattery' that goes along with it) only 6 years ago. Had I known in 2000 what I know now, it wouldn't have made the slightest difference which corrupt fucktard from either phony party was in the WH.
 
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Gold down, Market down - Dollar is up :teeth
Nice trader's market things jumping around 1-2%.
 
Bronto said:
Gold down, Market down - Dollar is up :teeth
Nice trader's market things jumping around 1-2%.
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And that will means is that QE won't stop anytime soon and thus gold will be up in the future as the speculative paper attack on gold has lost its steam to a degree. Since the Fed can't close the pandoras box of QE without the market having severe QE junkie withdrawals and tanking the economy they won't pull back on their monetary policy of weakening the dollar. This isn't even mentioning the world wide currency wars where all the major players are racing to the bottom with Japan leading the way.
 
It tis a mess globally. :teeth

Looking at using ETFs over using stocks as trading vehicles. The way Global (SP500) exposed companies and Domestic only (Russell 2000) exposed companies are tracking in sync. I see the ETF and Mutual fund connection causing this sync up.
http://www.etfchannel.com/ is excellent resource.

GLD is a Gold Bullion ETF that only has the one Physical Gold trust element in it. It has trade options like Call and Puts. So Gold jumping around can be played using GLD ETF. :x

Can play the entire SP500 using SPY ETF at a fraction of the cost.

I have to watch out recommending anything. This stuff can be catastrophic trades. I don't have the patience of investing long term. Want my news - good or bad to come quickly :x

QE is acting like a weird Buffer on market swings. It causes delayed rebounds like low swells in an ocean.

Recent shout outs to change the US debt philosophy to a Saving philosophy will solve allot of financial woe. With QE, artificially low interest rates and inflation. Typical savings vehicles pay crap interest. Value of cash continues to diminish via inflation and devaluing of QE. QE is partly used to minimize the effects of huge National Debt. There won't be any safe harbors like bank savings accounts with enough interest to counter the losses anytime soon. Suppose Blue Chip Stocks with good dividend returns is a semi-safe savings vehicle.
 
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Feds stopped buying up Bonds has thrown the Markets into drastic declines. Yesterday the Market declined near 2%. Today Market 2% is Gold took a 4 1/2% drop.

heh the way Gold dropped then leveled. I have some money riding on it'll bounce back up rather quickly. Using August GLD 128/133 Vertical Call. Their going for less then $10 bucks during this landslide down.
 
Bronto said:
Feds stopped buying up Bonds has thrown the Markets into drastic declines. Yesterday the Market declined near 2%. Today Market 2% is Gold took a 4 1/2% drop.

heh the way Gold dropped then leveled. I have some money riding on it'll bounce back up rather quickly. Using August GLD 128/133 Vertical Call. Their going for less then $10 bucks during this landslide down.
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There might be a rebound spike. If you're a gambling man one of the leveraged etf might be just uo your alley for the next day or two.


Beyond that, take a guess.
 
Good time to buy commodities in general. If traders have decided to accept Bernake's claims that the economy is improving, justifying the wind-down of QE, then interest rates will be going up, causing inflation to go up as well.
 
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