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droz1115

droz1115
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  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    If these past few months haven't been taxing on you then congrats, but they've been wearing me down. Just when you think you'll see that break you'll have days like today that completely topple your short term hopes for reaching a place where we can call a definitive bottom. I must say, the market manipulators have been doing a FANTASTIC job of shaking and baking anyone who dared enter the PM market at any point this past year. I know I won't be and haven't been one to puke up shares during these times, but I completely understand why others have. Hopefully the sentiment shift I perceived early last month is real and we're not in for more slaughtering like others here think, because I've literally bet the house on this lol.
    Jul 14 11:35 PM | Likes Like |Link to Comment
  • Why I'm Buying Gold Stocks Right Now [View article]
    True, but we have indeed already had those conditions... Three times now actually. Look at AXU, AUN.V, and CDE for some good examples. If that's not the definition of shares being puked up idk what is.
    Jul 14 10:48 PM | Likes Like |Link to Comment
  • Why I'm Buying Gold Stocks Right Now [View article]
    "O": so right. I believe the end of this cyclical decline in this secular bull has ended and my end target is 5k+. Miners will perform yet better.
    Jul 13 12:31 AM | Likes Like |Link to Comment
  • Why I'm Buying Gold Stocks Right Now [View article]
    Nice... Put out a bearish article 2 weeks ago and now turn miraculously bullish? In your last gold article you stated inflation was not a problem, "our model" had a C+ ranking on gold, gold has underperformed the S&P... blah blah blah
    Jul 12 07:33 AM | 2 Likes Like |Link to Comment
  • GLD: Why Shouldn't It Drop Further? [View article]
    Furthermore, stop trying to make people feel bad for investing in gold.
    Jul 3 03:30 AM | Likes Like |Link to Comment
  • GLD: Why Shouldn't It Drop Further? [View article]
    Agreed rubber duck.
    Bubbleworld: Typical gold comment. What makes you think that if a situation arises where physical overtakes all other proxies that we'll have some sort of anarchy or social collapse? If gold goes sky high and fiat goes down the toilet, will all the buildings, infrastructure, machines, automobiles, farm land, technology, etc. just fall apart and collapse?
    Lol, didn't think so. Just means we'll probably change monetary systems. Not that the transition will be pretty, but to say that everyone will be running around killing each other is WAY over the top.
    Jun 28 02:50 PM | 1 Like Like |Link to Comment
  • Will Iraq Make Gold Soar? [View article]
    Thanks Charles, interesting perspective. I do agree that many investors couldn't care less about gold and are interested in the money game like you say.
    Some of the main problems I have though, is that the US dollar is fueling our parasitic government that lowers our standard of living, exasperates widespread inequality that continues to grow, and creates enormous profits for a few on the "inside". I think that that is completely unnecessary and unsustainable.
    And I must admit I love the game myself and invest (also trade a little) in a wide variety of equities. However, the game doesn't have to be played in US dollars. It can be played in a gold back currency, a currency that's paper but doesn't perpetuate a Ponzi scheme, or even a digital currency like bitcoin or one of the many others. I agree that many probably don't see much of a problem with our current dollar system, but I'd prefer something that doesn't carry so many liabilities and is equitable for everyone. JMO
    Jun 16 10:44 PM | Likes Like |Link to Comment
  • Will Iraq Make Gold Soar? [View article]
    Thanks, I'll admit you got me there. It's not a fun thing to experience.
    Jun 16 01:24 AM | 1 Like Like |Link to Comment
  • Will Iraq Make Gold Soar? [View article]
    The main reason I bought gold and why everyone else should at these levels is due to our government. They've been printing federal reserve notes full blast for a bit over a decade now as it's the only thing that can keep everything running as is. To think we can keep troops in over a hundred countries, keep on spending billions increasing our military presence, have nearly half the country consuming more than they produce, and keep all our record high welfare programs running is completely absurd. The reason it's been working is because the freshly printed money that they're spending (at the expense of us because it dilutes the existing currency supply) is used to take on the fresh debt that they keep taking on. Once this Ponzi scheme is understood for what it really is metals will run like they never have before. Especially in the information age where millions of people could read posts like this and immediately see how we're being played. The vast majority (I'm talking 99%) still don't understand this, but I foresee them to slowly start coming to their senses.
    Jun 15 04:49 PM | 6 Likes Like |Link to Comment
  • GLD: Why Shouldn't It Drop Further? [View article]
    Exactly... The main reason I bought gold was due to our government. They've been printing federal reserve notes full blast for a bit over a decade now as it's the only thing that can keep everything running as is. To think we can keep troops in over a hundred countries, keep on spending billions increasing our military presence, have nearly half the country consuming more than they produce, and keep all our record high welfare programs running is completely absurd. The reason it's been working is because the freshly printed money that they're spending (at the expense of us because it dilutes the existing currency supply) is used to take on the fresh debt that they keep taking on. Once this Ponzi scheme is understood for what it really is metals will run like they never have before. Especially in the information age where millions of people could read posts like this and immediately see how we're being played. The vast majority (I'm talking 99%) still don't understand this, but I foresee them to slowly start coming to their senses.
    Jun 15 04:45 PM | 4 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    So because the government says gold is no longer money that should somehow mean something to me. All they did to make the federal reserve note "money" is stamp legal tender on it say its backed by gold and decree its value via coercion. Today its just one and three. Gold doesn't have to have someone or something say it's money for it to be money. It's still recognized as money in many parts of the world and in Utah (possibly soon to be in other states) it's considered legal tender. Hint: So... if gold and silver are considered legal tender that must mean that they're also considered "money" there.
    Furthermore, using the government's bogus CPLIE to try and convince informed people won't work either. It's well known that the government has changed the way it calculates inflation over the years and still distorts it today by using substitution, hedonics, and weight adjustments. Plus everyone believes we've only averaged 2% inflation since 2000, and are only running at 1.3% today... Right??
    Lastly gold wasn't "relevant" in 2000 and if I recall STILL went up 668% to its peak in 2011 (nice profits when you toss in miners too :). Matter of fact I don't care or dream of gold becoming "relevant to modern monetary policy." It doesn't need the decree of criminals to be relevant and continue on to historic proportions either. And as if the US government's monetary policy is something to be prized and drooled over like its some kind of elite structure haha.
    Jun 7 12:45 AM | 5 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    James:
    You lost all credibility when you stated,
    "What makes you think that the price of gold is in any way relevant to central banks that manage fiat currencies? The fact is that the price of gold is irrelevant.... In today's day and age, gold is just another commodity or investment asset. Whether it's value goes up or down is fundamentally irrelevant to the monetary system. Thus, central banks don't need to bother worrying about gold -- much less coming up with vast conspiracies to suppress its value."

    LOL WOW! Gold's been recognized money for over 5000 years and has held value (unless in times of sever undervaluation like 2000 or manias like 1980) and stood the test of time. The federal reserve note's been currency (what most people think of as money) for 101 years and lost 98% of its value. Central banks care about gold like crazy!!! You don't think a $125/oz or $12500/oz price would make a difference to them... The first they'd love to see as it'd mean that the dollar HAS been relatively stable the past 101 years (only going from 20 to 125), the latter they'd be quite concerned because why would the price go from 20 to 12500 other than hyperinflation. Remember it's been money the past 5000 years... People buy and store it for value. To simply call it "another commodity" completely dismisses your credibility and shows your utter lack of monetary history.
    Jun 6 05:46 PM | 3 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    James:
    Heard of the internet? Gold's been successfully repressed for the past 40+ years because the people actually aware of it were close to none. In the last decade with more unemployment, raging inflation, housing bubble (that the powers of be made billions off of) and people increasingly becoming more skeptical of the left right paradigm, people are looking for answers. The internet can offer a lot of these answers (as they have for me) and led me to conclude that gold's been a great way to preserve and grow wealth. The internet is offering people a lot of answers especially when people need these answers more and more.
    The manipulation's been going on in the shadows, but since the internet it's becoming more and more of a topic being discussed. In the next 1,6, or 12 months I believe enough people will be aware that it'll be finally put to rest.
    Jun 6 05:31 PM | 7 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    Why would it end? Why will it end?

    The reason its gone on for the past 40+ years is because if the prices were too high it would show the federal reserve note for what it really is. The federal reserve note is a convenient scheme to allow the powers that be to keep their power and basically unlimited spending and leave us holding the bag A mechanism to steal wealth from everybody who doesn't spend the newly created "wealth" first (banking class, government). Of course they want to keep this going as long as possible (world reserve currency = significant world power), and if PMs are at low prices then everything in the system (including the federal reserve note) seems "OK."

    It would and WILL end because enough people will finally realize they're being systematically screwed, being robbed of a higher standard of living, and put a stop to it as it's completely criminal.
    Jun 6 05:18 PM | 11 Likes Like |Link to Comment
  • Are There Any 'New' Catalysts To Cause Gold To Rally? [View article]
    To prove my point... These are all mainstream analysis.
    http://yhoo.it/1prq9WG
    http://on.wsj.com/1kYN4p6
    http://bloom.bg/RJjqsF
    http://fxn.ws/1kYN4p7
    http://onforb.es/1kYN4p8
    Jun 1 01:21 PM | Likes Like |Link to Comment
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