Sidj's Comments

Groundbreaking WSJ Story on Gold

Fri, 10 Jul 2009 07:58:48 -0400

Hmm. Unless the internet is shut down couldn't you just sell some gold on ebay and settle the payment with Paypal?
As for theft risk, wouldn't anything of value be a theft risk? Wouldn't thieves come for your food, guns, etc. just as much as for your gold? Wouldn't gold be much easier to hide?

On Jul 09 04:26 PM the_feds_corrupt wrote:

> I think physical gold ownership is absurd.Unless you are planning
> on fleeing the country- forget it !
> 1) Physical gold bullion MUST be assayed before it can be sold.

> This adds undue expense and inconvienance to selling gold.
> 2) The Government will confiscate gold in the event of economic
> collapse. This you can be sure of .
> 3)Huge security risk: where will you keep your Canadian maple leafs?
> On your person? In your home? Your car? Certainly not in a safe deposit
> box (those will be banned by government like in the 30's).
> I have watched way too many apopolyptic horror scenarios ,home invaders,etc
> willing to do your family or yourself great bodily harm to get at
> your gold.
> 4) Now lets say you have the perfect storm. You have adequate security
> no one knows you have gold and silver hidden. Civilization comes
> crashing down around us -where will you spend your gold ? Barter
> with some local blackmarketers?
> With just in time inventories store shelves will be empty in hours.
>
> Will you and your family eat while your extended family and friends
> go hungry? "Sorry lil nephew I cannot feed you ,You should have told
> that deadbeat father of yours to hoard gold like me!"
> You see the problems that will rise? If you are that certain that
> our society will be consumed by financial chaos then you would be
> far wiser to spend your money now. Buy a cabin in the mountains stock
> it with food and all your toys and then when the moment comes - you
> leave!
> Hoarding gold in a metropolitan environment is at best delaying your
> own demise and at worse suicidal.

Wednesday Outlook: Commodities, Emerging Markets

Wed, 29 Oct 2008 10:16:24 -0400

It might be worthwhile to note presidential-election cycle patterns in the markets. That said, post-election years historically have been the weakest on the Dow (according to chartoftheday.com)

Friday Outlook: Commodities, Emerging Markets

Fri, 10 Oct 2008 09:17:46 -0400

I remember in 1987 the week before 'Black Monday' was the worst in history. It made the cover of Time. But then 'Black Monday' hit and everyone forgot about the previous week. Just because we've had a big selloff doesn't mean we won't get another 'Black Monday' with all the average joes bailing out at the same time.

Thursday Outlook: Commodities, Emerging Markets

Thu, 02 Oct 2008 08:09:45 -0400

This year Buffett has been saying that the slowdown would be longer and deeper than many people think. If he's right (again) then we still have a long way to go. He's also been calling for higher inflation and a lower dollar over the next several years. Want part of his sweetheart deals? Buy some Berkshire Hathaway.

It's the End Of the World As We Know It and I Own Gold

Thu, 25 Sep 2008 09:49:53 -0400

Well if you want to talk survivalism, then you want FOOD and bullets. You CAN eat food and shoot anyone who tries to steal it. However, try to buy the food with worthless paper money. Good Luck.

Friday Outlook: T.G.I.F.

Sat, 20 Sep 2008 23:52:35 -0400

Too bad the regulators don't seize the golden parachutes of the CEOs when these taxpayer funded bailouts happen. I wonder if there would be fewer such incidents if that kind of penalty existed.

The S&P 498?

Thu, 11 Sep 2008 09:52:41 -0400

I wouldn't be surprised if they just lower the $5-billion minimum in order to keep the index at 500. That's how the system works, just lower the standards if necessary to get the desired results.

Thursday Outlook: Commodities, Emerging Markets

Thu, 11 Sep 2008 08:12:17 -0400

Warren Buffett thinks the U.S. has a bright future too . . . in maybe 5 years or so. But for now he believes the recession will be deeper and longer than many people think, inflation higher and dollar eventually lower. He could be wrong of course, but he did predict the dotcom crash, got into energy early and sold his house in California a few years ago at the top.

Wednesday Outlook: Commodities, Emerging Markets

Wed, 10 Sep 2008 09:13:13 -0400

September: Historically the worst month for stocks by far. Could it be happening again despite all the perma-bulls out there?

Tuesday Outlook: Commodities, Emerging Markets

Tue, 09 Sep 2008 08:33:19 -0400

We'll see how the markets behave after the election. Or looking forward how they behave in '09. Post elections years don't have a very good track record.

Gold Equities Are Oversold - TD Newcrest

Sat, 06 Sep 2008 08:14:43 -0400

relmor is right. You don't hear the big pundits like Cramer acknowledge the seasonality of gold. In fact the media makes it sound like gold follows the seasonality of oil which peaks in the summer and bottoms in the winter. Can you imagine buying gold in January and selling in June every year? Hahahahaha.

Tuesday Outlook: Commodities, Emerging Markets

Tue, 26 Aug 2008 08:30:03 -0400

On Friday Warren Buffett reiterated his belief the U.S. economic downturn will be longer and deeper than many people think and that inflation will continue to rise.

Peak Theory, Applied To Inflation

Sat, 23 Aug 2008 08:32:19 -0400

I am certainly no expert, but earlier this year Warren Buffett said, "Inflation has been in remission and is likely to be more prevalent in the next 10 years" and (regarding the dollar) "If we continue the same policies, we're going to get the same results in the next five or 10 years."

Hard Money Inflation: Oil and Gold Continue to Plunge Downward

Sun, 17 Aug 2008 09:40:59 -0400

Gold has had a tough time since March. Still, gold usually does swoon in the summer so it might be wise to wait at least another month before proclaiming 'gold is dead' talk. Meanwhile stocks haven't been so hot either. Despite several 'bottoms' called already by the 'experts' the markets are still in a major downtrend made all the worse by the double top formed by the S&P last year. (The first peak in 2000).

Too Late for Newspapers to Turn the Tide?

Fri, 15 Aug 2008 09:38:55 -0400

I worked for a paper whose leadership 10 yrs ago said the internet was a fad. They then built a new printing facility with 3 times excess capacity because they didn't want to 'outgrow it too fast'. Since then they've had several layoffs and have been slow to embrace the internet.

Friday Outlook: Commodities, Global Markets

Fri, 15 Aug 2008 08:51:28 -0400

Funny coincidence that the Olympics, Russia's invasion of Georgia and the sudden surge in the dollar all occur at the same time and the leaders of these countries all happen to be together in China. Doesn't a stronger dollar help China too?

Is the Price of Gold Artificially Depressed?

Fri, 08 Aug 2008 13:00:04 -0400

We'll see if gold bottoms soon. The 1980 high of $850 might be a support level. Gold usually bottoms in the summer then rallies. But if gold is too risky for your blood you can try something else tangible like collectibles. Go buy some rare comic books like Nicolas Cage. Amazing Fantasy 15 (1st Spider-Man) has appreciated 85% since 2000. Compare that to the Dow or S&P.

Why Gold Is the New Currency

Thu, 07 Aug 2008 08:21:41 -0400

Warren Buffett earlier this year said to expect lower returns from stocks in the coming years. He said stocks had delivered above normal returns for several years and now the market would experience a "reversion to the mean". Anyone disagree with Buffett?

Is the Price of Gold Artificially Depressed?

Thu, 07 Aug 2008 08:10:29 -0400

I quote Warren Buffett from earlier this year:
"If something is unsustainable, its going to have consequences; so far the consequences have been a general decline in the dollar against major currencies. If we continue the same policies, we're going to get the same results in the next five or ten years."
He also said:
"Inflation has been in remission and is likely to be more prevalent in the next ten years."
Anyone disagree with Buffett?

The US Dollar Elevator is Going Up!

Sun, 03 Aug 2008 08:18:54 -0400

Please tell Warren Buffett he is wrong. He thinks the dollar will continue to drop for the next 5 to 10 years.

Wednesday Outlook: Commodities, Emerging Markets

Wed, 16 Jul 2008 08:17:06 -0400

As time goes on it look more and more like Warren Buffet's prediction that the decline would be deeper and longer than people think will come true.

Wednesday Outlook: Bulls Storm In

Wed, 09 Jul 2008 08:33:40 -0400

A couple weeks ago the Royal Bank of Scotland warned about a potential plunge in the markets, but that a rally could occur in early July first. Might this be it?

Thursday Outlook: Commodities, Emerging Markets

Thu, 12 Jun 2008 08:36:19 -0400

So in China do they call bear markets 'dead monkey' markets?

Thursday Outlook: Crude Awakening

Thu, 22 May 2008 08:53:09 -0400

Well I can remember in 1973 Nixon immediately implemented the 55 mph speed limit, year-round daylight savings time, tv ads urging people to conserve by shutting off lights and turning the heat down to 68. Then people starting buying smaller Japanese cars. What have our leaders today done to urge conservation?

Gold as an Investment? Think Again

Thu, 08 May 2008 11:11:15 -0400

Warren Buffett just said recently that stock returns should be lower in the coming years and that the dollar will probably continue to decline for the next 5 to 10 years. Anyone disagree with Buffett? So if the dollar continues to decline what will probably happen to gold? Sounds like Fed policy will dictate that, just like it did in the early 80s when the policy changed under Volker.

Morgan Stanley: Is It Paradise Lost for Brazil?

Fri, 04 Apr 2008 09:38:45 -0400

Hmmm. So Carvalho basically totally disagrees with Warren Buffett who took a big stake in the Real. (read the recent Bershire Hathaway letter to shareholders). Buffett vs. Carvalho, any bets who will win?