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Bylo-

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  • The Decline And Fall Of The Gold Market [View article]
    Jeez... where do I start...

    All I can say is I hope you convince all your 322 followers to sell any gold they may have because I'm a buyer at these prices.
    Apr 18 03:30 PM | 3 Likes Like |Link to Comment
  • Gold: The Fear Bubble Bursts [View article]
    "hey, American capitalism might last a few more years."

    Yes - and it might not.

    Ya pays yer money and ya takes yer choice!
    Apr 16 03:35 AM | 1 Like Like |Link to Comment
  • Gold Massacred Amid 'Negative Demand' From ETFs, Central Banks Reluctant To Buy [View article]
    "Central banks -- which collectively purchased the most gold in 50 years in 2012 -- will also be reluctant to add to their holdings as prices free fall."

    Ummm... Isn't the plan to "buy low, sell high"? At least that's what I try to do. And when it works, it works great!

    Do you really think the banks will try to SELL their gold now that the price is down?
    Apr 16 03:10 AM | 1 Like Like |Link to Comment
  • Is Gold Foreshadowing A Stock Market Implosion? [View article]
    Eric -

    Great article, very informative. Thank you.
    Apr 14 11:22 AM | 5 Likes Like |Link to Comment
  • Gold Market: Is That A Light At The End Of The Tunnel Or An Oncoming Train? [View article]
    Tim -

    Good, concise article. Very informative, thank you.
    Apr 14 11:04 AM | 1 Like Like |Link to Comment
  • 1 Ounce Of Gold And A Decent Men's Suit [View article]
    Yup, agree 100%. I've said this befor, that I remember when I was a child (a loooong time ago...) that my mother could buy a loaf of bread for a dime. Well, you still can today! You just have to use the same kind of dime... one made of silver. Sell it to a coin shop for ~$3 or so and buy your bread with it!
    Apr 4 11:37 AM | 1 Like Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    I'd like to take the other side of that argument, if I may. How about if...

    You drive on the roads, you pay a toll.

    If you attend a school, you pay tuition.

    The fire department is called to put out your flaming house, you pay a fee.

    Ah, but what about the "poor"? They can't afford all these things like us "rich' people can. Except that there would be far more people working because labor costs would be lower, cars would be less expansive, roads would last longer, etc.

    You see how this gets complicated real fast? And would some middle ground be better? I doubt it. But we shall see, in the fullness of time, as it were.
    Mar 22 05:09 PM | 3 Likes Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    "de facto gold standard". I'm afraid I don't understand. I was under the impression that Cyprus was a member of the EU and as such used the Euro as its medium of exchange. I thought the Euro could only be "devalued" by some sort of agreement between all the member nations, no?
    Mar 22 04:52 PM | 2 Likes Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    Of course the money will head north. Paper money, that is. At the speed of light! An accounting entry... a line of code... a few keyboard presses. Poof! Billions move from here to there. Why do you think it is getting more popular to call home all the international gold deposits spread around the world? Lets see, which would you rather have, some printed paper currency (or, worse yet, an "accounting entry") or a few ounces (pounds? kilos?) of solid gold? Hmmm...
    Mar 22 04:46 PM | Likes Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    Of course they learned. They learned how to game the system and have become masters at it. As long as they get to use OPM (Other Peoples Money) they always win!
    Mar 22 04:38 PM | Likes Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    In the short run, no. In the long run, yes. Heard this before?
    Mar 22 04:32 PM | Likes Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    Hot lead, cold steel. Take your pick.
    Mar 22 04:31 PM | 1 Like Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    I fear you may be closer to the truth than you may think.
    Mar 22 04:30 PM | 1 Like Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    Ben -
    I've read this nearly identical philosophy here on Seeking Alpha a number to times as well as on other blogs and I agree 100%. However, as long as greed persists in the human mind, I doubt things will change. It will be boom, crash, rebuild, boom, crash... ad infinitum.
    Mar 22 04:27 PM | 1 Like Like |Link to Comment
  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    Dude, we already HAVE a government bank... they just don't talk much about it.
    Mar 22 04:14 PM | 1 Like Like |Link to Comment
COMMENTS STATS
389 Comments
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