Does your savings account earn interest? Then you're not hoarding. You're not making most of your money, to be sure. But neither did the gold bugs who've been sitting on their Krügerrands for the last 3 decades. Reply
What a totally and completely inane premise (that's a nice way of saying "stupid" in case you wondered not so "Bright"). Well then putting paper dollars in a savings acct is "hoarding" dollars, eh? Now, if you stated that "hoarding" dollars was stupid, then I'd agree, since they are worthless pieces of paper, backed by nothing, growing more and more worthless day by day as the Fed continues to "print" them at a faster and faster rate...now closing in on 20%/year (you knew there was some reason they stopped publishing M3 back in March 06, yes?...and believe me, it wasn't b/c it was so hard to do or cost that much). But there is NOTHING stupid, evil, or sinister of "hoarding" something that you hope will retain its value as the value of the money it is bought in continues to collapse thru its willful and incessant devaluation by the powers that be.
"Hoarding" gold!!!! You're either totally full of it, or you work for the Fed or one of its mainstream media brainwashing outfits!! Gold and silver are CHEAP by ANY standard at these levels. They are NOwhere near their top of nearly 30 years ago. Using the grossly understated CPI started in the Clinton administration (to underestimate inflation so as to underpay COLA to entitlement payouts), gold would need to be at LEAST $2400 and silver $130, but if you use the CPI used in the Carter administration and before, those numbers would be closer to $5500 and $300/oz, just to have kept up with price inflation...but that doesn't take into any consideration the absolutely MASSIVE inflation of the money supply by the Fed (and actually now by essentially ALL CBs out there) since then!!
Perhaps those who are "hoarding" gold/silver/etc...real, hard assets are simply trying to NOT lose any more real value than they have to by trading worthless FRNs for things of REAL value [aside: one of the techniques of propagandists is to use words to describe normal activities that have emotional connections and therefore sway the public's opinion for or against. "Hoarding" is such a word...where "saving" or simply "buying up" or even "trading (worthless fiat currency) for" is actually the activity. Once again, they wouldn't speak of "hoarding" dollars in your savings account, now would they?]
On the other hand, I would HIGHLY encourage those of you who are "hoarding" hard assets...gold/silver/?indium/?uranium...CARRY ON!!!! You're a lot smarter than those who try to persuade the masses of sheeple people that their paper investments are safe and well as well as those who believe them. jt Reply
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Specialty Metals Group Indium IPO: Commodities Ponzi Scheme [view article]
Does your savings account earn interest? Then you're not hoarding. You're not making most of your money, to be sure. But neither did the gold bugs who've been sitting on their Krügerrands for the last 3 decades. ReplyEditors
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Is this a buy or a sell? ReplySpecialty Metals Group Indium IPO: Commodities Ponzi Scheme [view article]
What a totally and completely inane premise (that's a nice way of saying "stupid" in case you wondered not so "Bright"). Well then putting paper dollars in a savings acct is "hoarding" dollars, eh? Now, if you stated that "hoarding" dollars was stupid, then I'd agree, since they are worthless pieces of paper, backed by nothing, growing more and more worthless day by day as the Fed continues to "print" them at a faster and faster rate...now closing in on 20%/year (you knew there was some reason they stopped publishing M3 back in March 06, yes?...and believe me, it wasn't b/c it was so hard to do or cost that much). But there is NOTHING stupid, evil, or sinister of "hoarding" something that you hope will retain its value as the value of the money it is bought in continues to collapse thru its willful and incessant devaluation by the powers that be."Hoarding" gold!!!! You're either totally full of it, or you work for the Fed or one of its mainstream media brainwashing outfits!! Gold and silver are CHEAP by ANY standard at these levels. They are NOwhere near their top of nearly 30 years ago. Using the grossly understated CPI started in the Clinton administration (to underestimate inflation so as to underpay COLA to entitlement payouts), gold would need to be at LEAST $2400 and silver $130, but if you use the CPI used in the Carter administration and before, those numbers would be closer to $5500 and $300/oz, just to have kept up with price inflation...but that doesn't take into any consideration the absolutely MASSIVE inflation of the money supply by the Fed (and actually now by essentially ALL CBs out there) since then!!
Perhaps those who are "hoarding" gold/silver/etc...real, hard assets are simply trying to NOT lose any more real value than they have to by trading worthless FRNs for things of REAL value [aside: one of the techniques of propagandists is to use words to describe normal activities that have emotional connections and therefore sway the public's opinion for or against. "Hoarding" is such a word...where "saving" or simply "buying up" or even "trading (worthless fiat currency) for" is actually the activity. Once again, they wouldn't speak of "hoarding" dollars in your savings account, now would they?]
On the other hand, I would HIGHLY encourage those of you who are "hoarding" hard assets...gold/silver/?indium/?uranium...CARRY ON!!!! You're a lot smarter than those who try to persuade the masses of sheeple people that their paper investments are safe and well as well as those who believe them. jt Reply
Specialty Metals Group Indium IPO: Commodities Ponzi Scheme [view article]
I had never thought that I was a hoarder until I read your article. Thanks for your in site. ReplySpecialty Metals Group Indium IPO: Commodities Ponzi Scheme [view article]
totally agree. Reply