pseydocyst

Total Rating:
0 / 0

20 Comments

    • Fri Feb 1st 22:41 PM | Rating: 0 0
      Commented on:
      Anybody Seen Our Gold?
      I wonder why GATA has gone so far to
      expose the gov't manipulation of the
      gold price. If you think gold is priced
      too cheap in US dollars just go out and
      buy more! Why do you have to talk it
      up (even putting a goddamn ad in the WSJ? ). I too believe that gov't have always
      tried to keep the fiction that federal reserve
      notes are *real* money instead of gold itself.
      But now that gold has run up to $900 it is
      becoming more difficult to accumulate this stuff.

      However there is no doubt in my mind that US dollar is gonna get much weaker in the future. It is becoming a huge debtor nation, an overstretched military empire, huge obligations medicare, and social security. China and Russia will become more formidable competitors on the world stage.

      The US is also becoming much less attractive place to live. There is more of a police state mentality developing. Too much regulation and taxes. It used to be 10-20 years ago everybody wanted to come to this country for the freedom and opportunities economically it offered but is that still true today?

      Those of you who love your freedoms should hold
      physical gold. It represented real money back when this country was first developing and it will be once again recognized by the masses in the future. To hold your money in the form of electronic deposits in bank account is just one more way for the gov't and authorities to keep tabs on you. Gov't have been getting more intrusive in people's lives, they want to know everything about you, and how much you're worth. Gold is basically a huge obstacle for them.
      Alan Greenspan talked about this in his essay on why the statists (i.e. gov't) hates gold.
      View article »
    • Mon Jan 21st 22:46 PM | Rating: 0 0
      Commented on:
      Gold Technicals: Will We See a Correction or $1,080?
      i see a correction coming, but
      that's a good thing. This is a very strong
      bull market.
      Alot a people lost out when they bought
      @ clearly very overbought levels @ 910-915.
      When this thing comes down below 800
      time to back up the truck.
      View article »
    • Wed Jan 16th 22:53 PM | Rating: 0 0
      Commented on:
      Global Equity Market Caps: U.S. Loses Ground to China
      damn, this is scary
      View article »
    • Tue Jan 8th 01:15 AM | Rating: 0 0
      Commented on:
      Gold Is Just a Brick ('Active Value Investing' Book Excerpt)
      I think gold @ this point is still a very good buy.

      B/c of this perpetual "war on terror" in afghanistan
      and iraq, and possible escalation in to Iran as well, the US gov't will have to print more money and go into more debt. You can count on more gov't deficits. Trade deficits are @ all time highs. My feelings that we are in a repeat of the 70's now. Gold's has run up b/c the market's are
      sensing this, despite all the press bashing out there trying to suppress the gold price.

      What's more currently 1 oz of gold buys only 9 barrels of oil. This is historically @ all time lows. Which suggests gold is still very underpriced.
      View article »
    • Fri Jan 4th 23:30 PM | Rating: 0 0
      Commented on:
      Gold Is Just a Brick ('Active Value Investing' Book Excerpt)
      What a nut, this guy knows nothing.

      Gold is money. It has acted as insurance
      to protect one's wealth for thousands of years.
      It is nobody's liability.

      Gold is going up recently because people have
      lost faith in the paper dollar system, and all
      those complex financial instruments, i.e. MBSs,
      CDOs, and who knows what else derivatives that
      are all going down the tubes.

      Governments, central banks, have alot of power when they can issue paper currency with nothing backing them. Inflation is always the end result. It's a hidden tax on the average working man who works for a steady paycheck that doesn't rise as fast as cost of living expenses do. It's a big fraud perpetrated against the average man, and people are more and more waking up to this fact.

      Sure there is no guarantee that you'll make
      money holding gold in the long run, but you
      sure as heck wont lose money. People think
      if you just put money away in stocks for
      10 to 20 years you automatically will make
      money. There's absolutely no guarantee of that.
      It is by far easier to lose one's savings in the
      thousands of investment options out there than
      to make money.

      People have used gold as the standard for money
      for many years. Now all money has lost that anchor. Soon people will realize the paper money they hold has nothing behind it but by then it'll be too late.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»