wes mantooth

24 Trillion Reasons to Buy Gold

He also recommended buying silver in the spring of 08 when it was over $20 an ounce. Kiyosaki is a clown and not to be taken seriously.


On Jul 23 07:21 AM Peter Cooper wrote:

> Why I would not normally mention Rich Dad on seekingalpha he is the
> doyenne of the retail investor and here he is on TV saying gold is
> going to $15,000 an ounce. People do tend to follow him and this
> is exactly how a retail gold boom would start, see:
> arabianmoney.net/2009/.../

Gold Set for Huge Rally

Whatever happened to that huge rally? Gold's down over 10% since this article was written. Straight down too.

Actually, I'm more bullish on gold now than I was when this article was written. If liquidity is indeed coming back, and it appears that it may be, then gold should resume it's 2003-2007 price climb. I think I'll buy more physical this week.

Don't Be Fooled by Inflation

Only fools do things like save cash, pay down debts and downsize. Haven't you heard? Hyperinflation is coming. The best thing you could do right now is send all of your worthless dollars to Europac. They're hardly worth anything after all. Might as well send them to Peter.


On May 11 08:52 AM Editrice wrote:

> ebworthen advises us to save, pay down debt, downsize, and hunker
> down. Is this Mr. Schiff's advice as well?

If Gold Bugs' Fantasies Came True

Enough with the hyperinflation talk. If we even get hyperinflation then congrats to all of the people now up to your eyeballs in debt. You're saved. All of your debts are gone. Since your debts are all payable in dollars you can simply take your wheelbarrows full of the stuff straight to your mortgage company and you're free and clear. Welcome to hyperinflation fantasyland where all of you dreams come true. You're debt free at last!

Gold Set for Huge Rally

Why $1050? Because that would definitively break it's all-time high of $1033. Plus, I believe deflation will be very persistent. More persistent than people think. I'm no gold hater btw. I have some physical. I'm just not that enamored of it right now for my trading accounts.


On Apr 22 05:46 PM capt Brian wrote:

> I gave you a thumbs down because I don't agree with your plan. If
> you hold a decent [proper] % of Precious metals in your 'folio, why
> would you wait til the price goes up? Just an honest question, not
> being a brat. I agree gold will go up too, but why pay $1050, when
> I can buy it for less now? I am not 'in' the stock market until it
> decides what it is gonna do. ( I do day trade ) but no 'positions'
> for now except PM's...(no stocks, just physical for now)

Gold Set for Huge Rally

Some of the same people that bought gold at the beginning of this bust are now selling it to make their mortgage and increased tax payments. Gold will not break it's high until inflation takes hold. That's not happening right now and probably won't happen until 2010 at the earliest. Gold is currently in a trading range and I wouldn't touch it until it takes out at least $1,050 an ounce.

Sucker's Rally Approaching an End

I agree with this article. No way we've seen the bottom. This was the biggest credit boom in history. It will be it's greatest bust.

Could the Dow Sink Another 50% by 2012?

And if asked when the Dow was at 14000 where gold would be at 7000 you would say "OMG it will easily be triple what it is now". If the Dow were to drop by another 50% it would mean deflation is still king and gold would most likely be lower too.


On Apr 05 11:28 AM Mutual Fund Wealth wrote:

> Personally I don't see the Dow going down at all and certainly not
> 50%
> If the market sunk to anywhere near the 3800 mark I can't imagine
> how high the price of Gold would go...
> Doug T
> www.mutualfundwealth.com/

Obama Helps China in Preparation for a Dollar Collapse

Nice personal attack. Contribute something constructive or piss off.


On Apr 05 09:46 AM WACG wrote:

> Nice hair hat. The only thing that would make it look more phony
> is a chin strap. Your thesis about Obama is phony also.

Is the Dollar Rally Over Now?

"The US people are not even aware that the only thing that holds together the USA is greed and ignorance."

"Many US citizens are already acquiring EU memberships. That will drive house prices in the US down and (maybe) up in Berlin, Germany, where house prices have fallen for a decade now because of eliminated subsidies to eliminate current accounts deficits."


Cinquero- These are contradictory statements. If they are not aware, why are they acquiring EU memberships?

4 Moves to Make in This Confusing Market

Very good article.

Is the Dollar Rally Over Now?

"I agree with Peter Schiff when he says that the US Dollar is a subprime currency"


And that is why Peter's advice has been catastrophic since this crisis started. I know it's popular to bash the dollar and I agree that it will fall over time but what's it going to fall against short term? This has been a losing trade since this crash began. Plenty more deleveraging left to unwind especially with unemployment picking up.

How Scared Are Americans of Job Losses?

Unemployment is far higher than reported. This is not a mental recession.

Rick Santelli: The Best Five Minutes in CNBC History

Those countries also have homogeneous populations. Redistibution in a melting pot will usually result in a boiler.



On Feb 20 01:42 PM fahrender wrote:

> additional "Great Socialist Countries"
>
> Denmark
> Sweden
> Norway
> Finland
>
> in each of these countries the general populace lives comfortably.
> there is good infrastructure, medical and health care and an excellent
> education system. Finland, for one, is widely recognized as having
> the best education system in the world.
> i, for one, am a liberal and proud of it. in the minds of idiots
> like Rush Limbaugh and Sarah Palin i'm a communist. i'm 72 years
> old and i'm still working.
> it's the crudest sort of rightwing propaganda to equate laziness
> with liberalism as has been done on this comment stream. what is
> wrong with people who think like this? answer: brainwashed by the
> likes of Bill O'Reilly and Larry Kudlow.

Gold: The Only Remaining Bubble?

Great article. I think you've nailed it.