FoxV's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/193189/comments http://seekingalpha.com/article/129128-did-the-ecb-save-comex-from-gold-default?source=feed#comment-449153 449153
buy physical Gold and don't play their games. The sooner people realize the importance of the age old wisdom "5-10% of savings should be in precious metals" the sooner the CB's and governments will be forced to admit that paper is only paper.

And here are other age old wisdoms that people seem to have forgotten "A bird in the hand is worth 2 in the bush" and "Don't count your chickens before they hatch". These old truths came about for a reason. It would be in everyone's best interest to consider those reasons and evaluate the situation they, and we, are in.

]]> Thu, 02 Apr 2009 09:58:58 -0400
buy physical Gold and don't play their games. The sooner people realize the importance of the age old wisdom "5-10% of savings should be in precious metals" the sooner the CB's and governments will be forced to admit that paper is only paper.

And here are other age old wisdoms that people seem to have forgotten "A bird in the hand is worth 2 in the bush" and "Don't count your chickens before they hatch". These old truths came about for a reason. It would be in everyone's best interest to consider those reasons and evaluate the situation they, and we, are in.

]]> http://seekingalpha.com/article/105823-attention-gold-bugs-hyperinflation-or-deflation?source=feed#comment-306097 306097
Funny you should say that Bengunnscave. Its not just that Cayman islands are a tax free zone and allow anonymous banking, but its also because I'm a sailor that the Cayman islands would be a good spot for me.

However if the Pirate title fits, I'll take it.

Arr' ye landlubbin scallywags yur capt'n Bernanke's going down with his ship and he's takin all you with 'im. Lest y'all forget, paper doesn't float.

Give my regards to Davey Jones]]> Fri, 14 Nov 2008 11:25:18 -0500
Funny you should say that Bengunnscave. Its not just that Cayman islands are a tax free zone and allow anonymous banking, but its also because I'm a sailor that the Cayman islands would be a good spot for me.

However if the Pirate title fits, I'll take it.

Arr' ye landlubbin scallywags yur capt'n Bernanke's going down with his ship and he's takin all you with 'im. Lest y'all forget, paper doesn't float.

Give my regards to Davey Jones]]> http://seekingalpha.com/article/105823-attention-gold-bugs-hyperinflation-or-deflation?source=feed#comment-305044 305044
Less we forget Bernanke's Helicopter speech "Deflation: why it won't happen here"

I guess there's some spacious argument that you can make money available but you can get people to borrow, but that's a complete load of bazooka shells.

The US (world's largest debtor nation) is not Japan (World's largest creditor nation), and the American people (wasteful and financially naive) are not the Japanese people (conservative and frugal).

As the unwashed masses beg desperately to be "Stimulated" by congress again, paulson is loading up his 9 Figure bazooka to take another shot at the banks. Mean while Bernanke is setting up the Federal Reserve to be the lender of last resort to everyone.

And when my 0% interest Federally guaranteed loan comes in. I'm going to go out and buy those nicely reduce 400oz bars of gold, while my money can still buy anything at all.

Oh ya, and then I'm going to by a nice property on the Cayman islands and default on that loan.

See ya, wouldn't want to be ya.]]> Thu, 13 Nov 2008 10:03:47 -0500
Less we forget Bernanke's Helicopter speech "Deflation: why it won't happen here"

I guess there's some spacious argument that you can make money available but you can get people to borrow, but that's a complete load of bazooka shells.

The US (world's largest debtor nation) is not Japan (World's largest creditor nation), and the American people (wasteful and financially naive) are not the Japanese people (conservative and frugal).

As the unwashed masses beg desperately to be "Stimulated" by congress again, paulson is loading up his 9 Figure bazooka to take another shot at the banks. Mean while Bernanke is setting up the Federal Reserve to be the lender of last resort to everyone.

And when my 0% interest Federally guaranteed loan comes in. I'm going to go out and buy those nicely reduce 400oz bars of gold, while my money can still buy anything at all.

Oh ya, and then I'm going to by a nice property on the Cayman islands and default on that loan.

See ya, wouldn't want to be ya.]]> http://seekingalpha.com/article/102339-ignore-the-hype-gold-as-currency-is-dead?source=feed#comment-292317 292317
"Long live the dollar - and the full faith and credit of the U.S."

wow, that is either the bravest or most foolish statement I have ever seen. I guess only time and Ben will tell which it is.]]> Tue, 28 Oct 2008 09:40:32 -0400
"Long live the dollar - and the full faith and credit of the U.S."

wow, that is either the bravest or most foolish statement I have ever seen. I guess only time and Ben will tell which it is.]]> http://seekingalpha.com/article/98771-dollar-and-gold-rise-simultaneously-bring-on-the-flying-pigs?source=feed#comment-275906 275906
New slogan for bankers: "Red Fed gives you wings"]]> Tue, 07 Oct 2008 12:55:15 -0400
New slogan for bankers: "Red Fed gives you wings"]]> http://seekingalpha.com/article/94994-can-gold-be-suppressed-indefinitely?source=feed#comment-251560 251560
The US now walks the road to Weimar, and although you may gloat about the wheelbarrows of cash you have to your friends, you won't be fooling us]]> Thu, 11 Sep 2008 10:35:48 -0400
The US now walks the road to Weimar, and although you may gloat about the wheelbarrows of cash you have to your friends, you won't be fooling us]]> http://seekingalpha.com/article/94111-gold-futures-dirty-secret-part-ii?source=feed#comment-246198 246198
How is everyone else's experience anyone having issues with buying or delivery ]]> Fri, 05 Sep 2008 10:46:37 -0400
How is everyone else's experience anyone having issues with buying or delivery ]]> http://seekingalpha.com/article/93744-precious-metals-manipulation-lawyers-prepare-for-battle?source=feed#comment-244638 244638
Hey all you deflationist out there. I suggest you pull out those $100 bills you've been stuffing under your mattresses and take a close hard look at them. Notice anything different over the last twenty years.

I'll give you a clue, its in the serial numbers.

When the serial number on bars of gold start increasing at the same rate as the serial number on the $100USD, I'll call the gold bull over

Until then enjoy you're paper bonds, stocks and dollars. I guess at the end of the day you'll always have one advantage over us gold bugs. You can always burn your paper notes to keep warm in the winter.
]]> Wed, 03 Sep 2008 12:57:55 -0400
Hey all you deflationist out there. I suggest you pull out those $100 bills you've been stuffing under your mattresses and take a close hard look at them. Notice anything different over the last twenty years.

I'll give you a clue, its in the serial numbers.

When the serial number on bars of gold start increasing at the same rate as the serial number on the $100USD, I'll call the gold bull over

Until then enjoy you're paper bonds, stocks and dollars. I guess at the end of the day you'll always have one advantage over us gold bugs. You can always burn your paper notes to keep warm in the winter.
]]> http://seekingalpha.com/article/91803-gold-price-conspiracy?source=feed#comment-235100 235100
however as part of the over all theme of "YOU MUST NOT OWN GOLD" we pay provincial sales tax if we buy physical bullion in Ontario and you don't if you buy it in Quebec. That and Kitco is not far from me so if I ever find the shipping too much (are want to scream at them about delaying my order) I can always drive down and visit them. Montreal is a great city and they're right downtown.

btw, if you buy a Gold certificate from the bank, you do not have to pay the tax. Go figure]]> Wed, 20 Aug 2008 16:44:03 -0400
however as part of the over all theme of "YOU MUST NOT OWN GOLD" we pay provincial sales tax if we buy physical bullion in Ontario and you don't if you buy it in Quebec. That and Kitco is not far from me so if I ever find the shipping too much (are want to scream at them about delaying my order) I can always drive down and visit them. Montreal is a great city and they're right downtown.

btw, if you buy a Gold certificate from the bank, you do not have to pay the tax. Go figure]]> http://seekingalpha.com/article/91803-gold-price-conspiracy?source=feed#comment-235044 235044
The problem with physical etfs and certificates is that at the end of the day all you have is a piece of paper who's only worth is your belief that it can be exchanged for something of value. If that's fine for you, then might as well hold currency. Its the same thing.

If you believe in gold then you probably have an inherent disbelief in the Paper debt train (wreck?) we live with. In which case, the only way to know that what you have is really worth what it is, is to have it in your hands. And this current shortage of physical metal during a price crash demonstrates that something is definitely up with the system

As for storage, I have it at home. Perhaps not the wisest thing to do, but I don't have much and its certainly not worth the risk to life and limb it would cost should somebody "activate" my 300psi, 42 tooth security system ;)

at the end of the day, just don't tell anybody you have it. When people break into a home they're looking for electronics and jewelry, not bullion

P.S.: so nobody tell anyone I keep my bars at home
]]> Wed, 20 Aug 2008 15:30:30 -0400
The problem with physical etfs and certificates is that at the end of the day all you have is a piece of paper who's only worth is your belief that it can be exchanged for something of value. If that's fine for you, then might as well hold currency. Its the same thing.

If you believe in gold then you probably have an inherent disbelief in the Paper debt train (wreck?) we live with. In which case, the only way to know that what you have is really worth what it is, is to have it in your hands. And this current shortage of physical metal during a price crash demonstrates that something is definitely up with the system

As for storage, I have it at home. Perhaps not the wisest thing to do, but I don't have much and its certainly not worth the risk to life and limb it would cost should somebody "activate" my 300psi, 42 tooth security system ;)

at the end of the day, just don't tell anybody you have it. When people break into a home they're looking for electronics and jewelry, not bullion

P.S.: so nobody tell anyone I keep my bars at home
]]> http://seekingalpha.com/article/91803-gold-price-conspiracy?source=feed#comment-234955 234955
So if we buy gold now at $800 (and silver, which I am doing) what happens if Kitco has to fill my order when the price is $900, $1000, or $2000. Kitco has a choice, take a hosing, or start raiding their pools.

Now there is a chance that gold will go down, but that is very unlikely. When India, China, and the middle east get a whiff of this supply crunch, they'll shoot gold to the moon, and the resulting short covering rally will send it to Pluto.

I was always suspecting big things from China to happen after the olympics. Now I understand what it will be. Buy physical metal while you can because pretty soon everyone is going to see just how much paper is worth really worth compared to gold

Remember Bird in the Hand is worth much more than 2 in the bush.

]]> Wed, 20 Aug 2008 13:36:24 -0400
So if we buy gold now at $800 (and silver, which I am doing) what happens if Kitco has to fill my order when the price is $900, $1000, or $2000. Kitco has a choice, take a hosing, or start raiding their pools.

Now there is a chance that gold will go down, but that is very unlikely. When India, China, and the middle east get a whiff of this supply crunch, they'll shoot gold to the moon, and the resulting short covering rally will send it to Pluto.

I was always suspecting big things from China to happen after the olympics. Now I understand what it will be. Buy physical metal while you can because pretty soon everyone is going to see just how much paper is worth really worth compared to gold

Remember Bird in the Hand is worth much more than 2 in the bush.

]]> http://seekingalpha.com/article/91078-you-can-get-on-the-gold-train-and-ride-the-dollar?source=feed#comment-231265 231265
So first Silver, now Gold Eagles. hmm, raises many questions doesn't it. But I'll side step those and just mention, we now have crashing prices coinciding with shortages.

This is what is known as a "Back up the truck" signal. Don't wait too long to bottom feed. The snap back from this dollar foolishness is going to be astounding.

]]> Fri, 15 Aug 2008 12:15:30 -0400
So first Silver, now Gold Eagles. hmm, raises many questions doesn't it. But I'll side step those and just mention, we now have crashing prices coinciding with shortages.

This is what is known as a "Back up the truck" signal. Don't wait too long to bottom feed. The snap back from this dollar foolishness is going to be astounding.

]]> http://seekingalpha.com/article/91078-you-can-get-on-the-gold-train-and-ride-the-dollar?source=feed#comment-231082 231082
All this talk of technicals, but no mention of why the USD has spiked (in a completely unnatural manner) recently. The ECB just went out and bought a wackload of USD. Why, Currency manipulation to give a cover for more interest rate cuts.

There are is so much bad paper out there, bank write downs are heading into the multi trillions (and this is without considering the derivatives fiasco). The Fed funds rate is going to 0%. Bernanke is going to throw the USD under the bus.

So ride the US Dollar at your own peril.

]]> Fri, 15 Aug 2008 09:56:17 -0400
All this talk of technicals, but no mention of why the USD has spiked (in a completely unnatural manner) recently. The ECB just went out and bought a wackload of USD. Why, Currency manipulation to give a cover for more interest rate cuts.

There are is so much bad paper out there, bank write downs are heading into the multi trillions (and this is without considering the derivatives fiasco). The Fed funds rate is going to 0%. Bernanke is going to throw the USD under the bus.

So ride the US Dollar at your own peril.

]]> http://seekingalpha.com/article/90391-gold-and-gartman-haunting-some-investors?source=feed#comment-228579 228579
Right now we're in the Olympic glow, but that means just two more weeks left of the Chinese getting pushed around by Hank and Ben. When the torch goes out, the cloves come off.
]]> Tue, 12 Aug 2008 10:21:25 -0400
Right now we're in the Olympic glow, but that means just two more weeks left of the Chinese getting pushed around by Hank and Ben. When the torch goes out, the cloves come off.
]]> http://seekingalpha.com/article/89646-is-the-price-of-gold-artificially-depressed?source=feed#comment-225133 225133
Could be tinfoil hat stuff, could be legitimate. In the end I don't really know,only JPMorgan does. And its because of that "I don't know" part that I always say if you want to buy Precious metals as a long term investment, buy physical. Its the only way you'll know what you actually have

If you want to buy short term to flip on the swings buy the stocks

As for the Confiscation issue, I'm Canadian, and so far I don't have to worry about it. As for you Americans, I guess it comes down to how you feel about it. A possible alternative is off shore stuff like Buillion Vault account (UK), or Kitco Pools (CAN). But there are Patriot Act issues with this as well so it all comes down to how much your trust your government]]> Thu, 07 Aug 2008 11:30:45 -0400
Could be tinfoil hat stuff, could be legitimate. In the end I don't really know,only JPMorgan does. And its because of that "I don't know" part that I always say if you want to buy Precious metals as a long term investment, buy physical. Its the only way you'll know what you actually have

If you want to buy short term to flip on the swings buy the stocks

As for the Confiscation issue, I'm Canadian, and so far I don't have to worry about it. As for you Americans, I guess it comes down to how you feel about it. A possible alternative is off shore stuff like Buillion Vault account (UK), or Kitco Pools (CAN). But there are Patriot Act issues with this as well so it all comes down to how much your trust your government]]> http://seekingalpha.com/article/89646-is-the-price-of-gold-artificially-depressed?source=feed#comment-224929 224929

Bird in the hand is worth two in the bush. ]]> Thu, 07 Aug 2008 09:45:31 -0400

Bird in the hand is worth two in the bush. ]]> http://seekingalpha.com/article/89416-gold-price-plunges-might-as-well-hold-stocks?source=feed#comment-224159 224159
bloomberg.com/apps/new...

"Ambac Financial Group Inc., the bond insurer that lost 92 percent of its stock market value in the past year, posted second-quarter net income after using an accounting change to record a $5.2 billion gain related to its debt securities."

Don't like the value of your paper, then just changes the numbers written on it. Banking stocks, the biggest purveyors of fictitiously valued paper, are dead men walking IMHO]]> Wed, 06 Aug 2008 12:53:11 -0400
bloomberg.com/apps/new...

"Ambac Financial Group Inc., the bond insurer that lost 92 percent of its stock market value in the past year, posted second-quarter net income after using an accounting change to record a $5.2 billion gain related to its debt securities."

Don't like the value of your paper, then just changes the numbers written on it. Banking stocks, the biggest purveyors of fictitiously valued paper, are dead men walking IMHO]]> http://seekingalpha.com/article/89416-gold-price-plunges-might-as-well-hold-stocks?source=feed#comment-223998 223998
As for gold at $750 and $500, those aren't support points on any chart I've seen. The Gold support points I have are $850 (very strong), $800 (weak) and $650 (Herculean strong).

Care to provide some data to your arguements]]> Wed, 06 Aug 2008 10:24:44 -0400
As for gold at $750 and $500, those aren't support points on any chart I've seen. The Gold support points I have are $850 (very strong), $800 (weak) and $650 (Herculean strong).

Care to provide some data to your arguements]]> http://seekingalpha.com/article/87921-the-international-gold-rush-bulls-may-soon-be-rewarded?source=feed#comment-218310 218310
hindsight is always wonderfull but completely useless, and in the case of gold, completely wrong.

Can't vouch for the last 8 years, but in the last 6 years gold has made 6 double tops. Each of them similar in magnitude and structure to this one.

The US dollar index however made a double top in 2001 and has been a train wreck ever since. I don't see it turning around anytime soon while Ben is at the helm.

Best predictor of Future behavior is past behavior]]> Wed, 30 Jul 2008 10:23:42 -0400
hindsight is always wonderfull but completely useless, and in the case of gold, completely wrong.

Can't vouch for the last 8 years, but in the last 6 years gold has made 6 double tops. Each of them similar in magnitude and structure to this one.

The US dollar index however made a double top in 2001 and has been a train wreck ever since. I don't see it turning around anytime soon while Ben is at the helm.

Best predictor of Future behavior is past behavior]]> http://seekingalpha.com/article/83914-the-world-s-revenge?source=feed#comment-200032 200032
well here's an idea to expand on that 2% there's another piece of investment advice which is more shunned these days than "Buy Gold" and is a good hedge for inflation and political uncertainty and that's investing in efficiency. Or in even broader terms, "Anything you can buy now that will save you money later"

Obvious examples:
Hot water blanket
Attic Insulation
Energy star appliance (if replacing a very inefficient model)
Yada yada yada...

Not so Obvious examples
Bicycle (or Transit pass for those with long commutes)
Gourmet cooking class (for those that eat out a lot)
Home Nail polishing kit
Whatever...

Not only do some investment in "efficiencies" have ridiculously high returns (up to 100's%/year), but because they also mean you spend less on future price increases, they automatically have TRUE inflation protection baked into them (not just the joke reported in CPI reports)

anyways, a bit off topic, but I thought worth mentioning.





]]> Mon, 07 Jul 2008 14:31:52 -0400
well here's an idea to expand on that 2% there's another piece of investment advice which is more shunned these days than "Buy Gold" and is a good hedge for inflation and political uncertainty and that's investing in efficiency. Or in even broader terms, "Anything you can buy now that will save you money later"

Obvious examples:
Hot water blanket
Attic Insulation
Energy star appliance (if replacing a very inefficient model)
Yada yada yada...

Not so Obvious examples
Bicycle (or Transit pass for those with long commutes)
Gourmet cooking class (for those that eat out a lot)
Home Nail polishing kit
Whatever...

Not only do some investment in "efficiencies" have ridiculously high returns (up to 100's%/year), but because they also mean you spend less on future price increases, they automatically have TRUE inflation protection baked into them (not just the joke reported in CPI reports)

anyways, a bit off topic, but I thought worth mentioning.





]]> http://seekingalpha.com/article/83914-the-world-s-revenge?source=feed#comment-199982 199982
just noticed that as well. Maybe they were deleted because I was insulting to Extreme sportists, or perhaps to high margin daytraders, or maybe both. In anycase I'll sum up.

Ultra funds:
- VERY VERY volatile, not for the faint at heart
- In USD so will depreciate with the USD
- If S&P goes up from inflation, Ultra funds (lose price + lose value) X 2
-use leverage and derivatives so have "Counter party" risk (Big concern in my book)

best investments for our current times is commodities and foreign countries with good economies.

Good Luck all

]]> Mon, 07 Jul 2008 13:37:18 -0400
just noticed that as well. Maybe they were deleted because I was insulting to Extreme sportists, or perhaps to high margin daytraders, or maybe both. In anycase I'll sum up.

Ultra funds:
- VERY VERY volatile, not for the faint at heart
- In USD so will depreciate with the USD
- If S&P goes up from inflation, Ultra funds (lose price + lose value) X 2
-use leverage and derivatives so have "Counter party" risk (Big concern in my book)

best investments for our current times is commodities and foreign countries with good economies.

Good Luck all

]]> http://seekingalpha.com/article/79506-in-light-of-peak-oil-financial-diversification-is-a-bad-idea?source=feed#comment-179837 179837
Here's a little reality check to those that believe the future will merely be a brighter version of today
"Brazilian Oil Finds May Cost $240 Billion to Develop"
www.bloomberg.com/apps...

And to think they want these fields pumping by 2009. In the middle of a credit crisis? They'll be lucky if they have financing by 2009. And guess what, once they have financing, the estimate will be raised to $500B. And thats if nothing goes wrong in the meantime
en.wikipedia.org/wiki/...

If we see a drop of oil from the fields by 2012 I'll eat my hat
]]> Thu, 05 Jun 2008 15:01:23 -0400
Here's a little reality check to those that believe the future will merely be a brighter version of today
"Brazilian Oil Finds May Cost $240 Billion to Develop"
www.bloomberg.com/apps...

And to think they want these fields pumping by 2009. In the middle of a credit crisis? They'll be lucky if they have financing by 2009. And guess what, once they have financing, the estimate will be raised to $500B. And thats if nothing goes wrong in the meantime
en.wikipedia.org/wiki/...

If we see a drop of oil from the fields by 2012 I'll eat my hat
]]> http://seekingalpha.com/article/80165-gold-as-money-means-a-potentially-massive-rise-in-valuation?source=feed#comment-179782 179782 en.wikipedia.org/wiki/...

That was in 2005, and has since been growing at an average of 12%
www.shadowstats.com/al...
That would would put it at $14T today.

Sorry I can't provide an official link because there is no official publication of the once incredibly useful M3 report. I loved watching those anonymous "Caribbean banking centers" suck up all the cash that the OPEC countries where dumping. Sure would be nice to seen the M3 make-up today.

Got wheelbarrow?
]]> Thu, 05 Jun 2008 13:19:55 -0400 en.wikipedia.org/wiki/...

That was in 2005, and has since been growing at an average of 12%
www.shadowstats.com/al...
That would would put it at $14T today.

Sorry I can't provide an official link because there is no official publication of the once incredibly useful M3 report. I loved watching those anonymous "Caribbean banking centers" suck up all the cash that the OPEC countries where dumping. Sure would be nice to seen the M3 make-up today.

Got wheelbarrow?
]]> http://seekingalpha.com/article/80165-gold-as-money-means-a-potentially-massive-rise-in-valuation?source=feed#comment-179654 179654
Ultimately the world will return to a gold standard, but not until the "Hell or High Water" efforts to suppress the Gold have failed.
Those that have foreseen the death of the USD have been wrong before and they will be wrong again. Never underestimate the resilience of the powers that be to bail out a sinking ship. After all, they have 6.7Billion captives at their command to do the bailing.

But no matter how much bailing they do, one day, Hell or High Water will come. Just not today ;)]]> Thu, 05 Jun 2008 10:35:06 -0400
Ultimately the world will return to a gold standard, but not until the "Hell or High Water" efforts to suppress the Gold have failed.
Those that have foreseen the death of the USD have been wrong before and they will be wrong again. Never underestimate the resilience of the powers that be to bail out a sinking ship. After all, they have 6.7Billion captives at their command to do the bailing.

But no matter how much bailing they do, one day, Hell or High Water will come. Just not today ;)]]> http://seekingalpha.com/article/79506-in-light-of-peak-oil-financial-diversification-is-a-bad-idea?source=feed#comment-176829 176829
So you're suggesting that the ultra deep, with no current technology available to exploit Tupi field will replace Cantrell that bubbled up from the ground?

Keep smoking]]> Fri, 30 May 2008 12:58:32 -0400
So you're suggesting that the ultra deep, with no current technology available to exploit Tupi field will replace Cantrell that bubbled up from the ground?

Keep smoking]]> http://seekingalpha.com/article/79506-in-light-of-peak-oil-financial-diversification-is-a-bad-idea?source=feed#comment-176692 176692 woohoo, that beats the 2005 peak of 85.5mbpd. Glad to see that a 100% increase in oil prices has brought on additional 0.5% more oil into the market. I suggest you familiarize yourself with the production rates of some old friends of yours such as Cantrell and the North Sea.

There will always be oil on this planet. Its just that you won't always be able to pay for it

]]> Fri, 30 May 2008 10:39:09 -0400 woohoo, that beats the 2005 peak of 85.5mbpd. Glad to see that a 100% increase in oil prices has brought on additional 0.5% more oil into the market. I suggest you familiarize yourself with the production rates of some old friends of yours such as Cantrell and the North Sea.

There will always be oil on this planet. Its just that you won't always be able to pay for it

]]> http://seekingalpha.com/article/77216-gold-and-oil-price-limits?source=feed#comment-167422 167422
Because what Keynes logic doesn't take into account is that someone will be left to deal with the mess that was wrought by no regard for the future. As it stand today, you already have to clean up the mess of three generations (you, father, grandfather). If you don't, you're children will have to clean up the mess of four generations

And when your middle age children are picking potatoes out of your backyard to feed you're feeble body and you are burning the last of your retirement stock and bond certificates and paper dollars to keep warm in the winter you'll say to yourself

"Man I really wish I bought some gold, but am I ever glad Keynes is dead"
]]> Wed, 14 May 2008 10:41:30 -0400
Because what Keynes logic doesn't take into account is that someone will be left to deal with the mess that was wrought by no regard for the future. As it stand today, you already have to clean up the mess of three generations (you, father, grandfather). If you don't, you're children will have to clean up the mess of four generations

And when your middle age children are picking potatoes out of your backyard to feed you're feeble body and you are burning the last of your retirement stock and bond certificates and paper dollars to keep warm in the winter you'll say to yourself

"Man I really wish I bought some gold, but am I ever glad Keynes is dead"
]]>