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svnt3stngray

svnt3stngray
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  • A Return To The Gold Standard Could Destroy The Modern Economy [View article]
    My 1973 Corvette when purchased new = 34 oz gold bullion
    My 2011 Corvette when purchased new = 33.5 oz gold bullion

    we have more population (competition for cars), the car is tremendously better quality, safer, economical. Yet the price in gold still decreased.

    Under Gold, prices fall as competition and technology improves. Your article fails to mention that purchasing power per unit of currency can change. The islanders are trading products, a currency only enables them an exchange medium. The currency could be unique seashells, gold coins, diamonds, it is not important what the currency is, only its purchasing power in the community.
    Feb 23 08:23 AM | 13 Likes Like |Link to Comment
  • More Bernanke: "Many households remain more financially fragile than might be inferred from the aggregate statistics alone," he says, touting new, even more detailed data the Fed is monitoring. The Fed never saw the greatest macro event in generations coming (even when it was on top of us), and Bernanke lays some of the blame on a lack of intricate numbers coming across the desks of central bank economists. [View news story]
    financial monitoring, more agencies, more stimulus, more data. There is no "financial system". It's just materials, work, capital and trading. The fed reserve is a self licking ice-cream cone made from stolen milk.
    May 10 11:08 AM | 4 Likes Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    Since 2008 we have seen savings/401k's plummet along with real wages, home prices and equity values. Only the extreme increase in liquidity have stopped deflation. Deflation and liquidation of bad debt would have been positive for savers and asset owners. Central banks and governments have done everything possible to prevent the dollar from maintaining a value by inflating supply. Economists learn from history, even though hyperinflation has not filtered through to all prices, yet, does not mean the dollar is not in dire straits. The fact that the Euro has acted equally poorly has sheltered the market from what the true tragedy of recent fiat money values are becoming.
    Apr 10 08:24 AM | 3 Likes Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    Wealth is what is produced, the value added to resources + labor. That 25 trillion value varies by the type of money being used. If I am buying a tank of gas today vs. 1990, the value of the fuel is exactly the same, however the fuel value in $USD has increased 300%. Gold standard is not the only answer, the question is: what is the current standard?
    Apr 11 10:59 AM | 2 Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: +227K vs. consensus of +215K, +284K (revised from 243K) in Jan. Unemployment 8.3% vs 8.3% expected. Average workweek unchanged at 34.5 hours, inline. Average hourly earnings +0.1%.  [View news story]
    Employment data means we are going nowhere, slowly.
    Mar 9 09:49 AM | 2 Likes Like |Link to Comment
  • The Best Time In 2 Years For Some Gold Stocks [View article]
    Nice charts, they look bullish to me as well. The top players in the HUI are solid decades long performers. I hold the largest stake in NEM, but also an international position hold on ASA. I don't see the future in gold production-performance in this sector to be as important as the decline of EURO / USD purchasing power.
    Apr 15 09:57 AM | 1 Like Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    out on my balcony (South America) I can count 10 construction platform cranes. I can only see 2 directions! You are correct, those dollars are flowing out of the USA and into worldwide real-estate. The dollars have not all come back to bid up prices in the US, yet, however, when they do......checkmate.
    Apr 10 05:27 PM | 1 Like Like |Link to Comment
  • Newmont Mining - A Value Stock Speculation Opportunity [View article]
    I've owned Newmont since 2010, took some profit in Mid '11 and have been skimming on the bottom for quite awhile now with my remaining holdings. Owning the gold that is still in the ground is attractive. Governments can't print gold, China, India are large purchasers of gold. Don't think the Russian Cyprus victims won't be diversifying into real things as well. Bull on newmont, buy and hold.
    May 28 11:37 AM | Likes Like |Link to Comment
  • Non-real estate household debt rose 2.3% to $2.7T in Q3, reports the FRBNY, with about about all of the increase coming from student and auto loans as credit card balances barely budged. Toss in mortgages, and consumer debt shrank a hair to $11.31T, even as mortgage originations surged - most, of course, were refinancings. [View news story]
    Peter Schiff will have a blast with this topic on the radio...
    Nov 27 10:51 PM | Likes Like |Link to Comment
  • Non-real estate household debt rose 2.3% to $2.7T in Q3, reports the FRBNY, with about about all of the increase coming from student and auto loans as credit card balances barely budged. Toss in mortgages, and consumer debt shrank a hair to $11.31T, even as mortgage originations surged - most, of course, were refinancings. [View news story]
    that money has to flow somewhere..... over the rainbow!
    Nov 27 10:50 PM | Likes Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    You are assuming consumers would not be able to form an even better system for FDA functions. They have a MONOPOLY on food and drugs on the market, you have no choice but to use them. Perhaps you local co-op of farmers would not allow rats to be ground into an "acceptable ratio" of peanut butter for human consumption...
    Collusion exists in human action, be it OPEC/oil prices, goverment/monsanto or pratt whitney/DOD, government prohibits the consumer from breaking these more rapidly. True Liberal Progress is prohibited.
    Apr 15 09:23 AM | Likes Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    You should be able to buy a better home than 40 yrs ago. Technology, materials, machines have all made home building more efficient and completed with less manual labor.
    Apr 10 05:41 PM | Likes Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    the national debt has risen every year since 1951, Clinton included. The way I look at it, we have extra taxes do payable, for the last 50.4 years.
    Apr 10 05:32 PM | Likes Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    I am looking at deflation in1921 and the rapid growth after it.
    Apr 10 05:21 PM | Likes Like |Link to Comment
  • Newmont's Assets Value It At $94 Per Share [View article]
    Long NEM, however, the valuation is dragging behind the price of its assets. NEM pays a consistent dividend that is tied to its asset value(price of gold). This is helpful in an inflationary environment.
    Feb 29 11:11 AM | Likes Like |Link to Comment
COMMENTS STATS
15 Comments
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