Top Gun

Don't Kick Yourself Later for Not Buying Gold and Silver Now

With so much US debt being issued, I wonder if gold will rise quickly, or if we will suck all the cash from the world. It's a strange world out there

Stocks Are Doomed, Only Cash or Precious Metals May Survive

Lack of understanding by these writers - WE THE PEOPLE control the printing of money. Banking is NOT private enterprise, it distribution of money that WE create. When people that manage the distribution of our money destroy its value, peoples' lives, etc. WE jump back in. This time, unlike the depression, we propped them up. That's not being anti business(it's being dumb?).

The stock market will underperform because all our capital is being sucked into the bond market for the next 5 years. These people are not anti-business.

The U.S. Treasury's Golden Shell Game

Disturbing, but fits with what we've seen. Were these people - bankers and Bushies - trying to overthrow the US government by forcing it onto bankruptcy, or did they honestly believe that what they were doing was a good thing. Timing of opacity seems similar to removal of M3 reporting.

Bernanke and Obama's Advisors Are Wrong: Deflation Didn't Threaten the U.S. Economy

Let's just guarantee deposits to, say $500k for individual accounts and $5 million for business accounts, then let the chips fall where they may.

Mr Obama has to take the advice of advisors, he can't know everything, especially on such intricate matters. So, we're screwed. Everyone thinks it's credit we need, but it's need we need. As in, I don't need another house, car, dog, so just let us pay off the debt we have.

Gold: Wealthy Investors Want Bars, Not Paper

people have stopped buying stuff they don't need with money they don't have because it was a bad idea in the first place,

Best statement I have heard from an internet article/blog in over one year. I have emailed writers asking them to discuss this, to no avail. The financial community does not want to discuss the fact - we have what we need, and now must reconcile the 4,000 sq ft houses, SUV's whose capacity goes unused 90% of the time, etc, etc with our actual ability to pay for them. Just let us alone! Maybe we'll find our families and manners again.

The Problem with GLD and SLV ETFs

Bad article. Unless you buy the gold and put it in your house, you have counter party risk. Safe deposit - bank could be closed. Own part bullion held by another, they could have a problem. Nothing is risk free, with GLD you trade liquidity for a tad bit more risk. The issuers are highly thought of, so use GLD to increase your gold exposure by maybe 5x over what you would want to hold in physical. That IS an inflation hedge, the physical gold is an armageddon hedge.

Dow Will Equal Gold in 2009

I meant $100's of billions of money supply.

Dow Will Equal Gold in 2009

The dollar remains last safe place to hold reserve wealth as worldiwde assets deflate. Once the deflation stops elsewhere, dollars will be switched back to local currencies, just at the time a bigger supply of $ hits from our absurd deficit.

I'm not convinced the main outcome is massive increase in gold prices, but other commodities should reflate, a good thing if not over done as that ensures planting and harvesting of crops. I'm sure some very smart people in our Treasury have calculated what might happen. Don't forget the last few months have destroyed $100's of millions of money supply that was erroneously deployed to pump up asset prices (houses and ABS's) just so that investment banks/realtors/mortgag... brokers could collect management fees. The bank writedowns mean the $ are no longer available, and the TARP $250B must still be raised (by debt or equity) in order to repay Uncle Sam. I think of this as a stool, where one leg was knocked out and temporarily replaced with government funds - the banks must remake the lost leg and replace it.

There is a small chance things can work out without disaster happening, but now would seem a good time to buy as much of the commodity ETF's as you can as a hedge against rising prices in the stores, and gold as an investment. It's pretty obvious, as stated above, that defaulting on our debt through inflation is the only logical outcome, and we need to convince ourselves to contribute to debt reduction by halting Social Security COLA(remember those from the 80's?) for a while, or reducing like President Reagan wanted.

Surprising Call for Return to the Gold Standard

Better idea, eliminate the Fed altogether, removing the lender of last resort and reducing the too big to fail concepts. Lenders, in a mature economy, would not feel they could take absurd risks and still be bailed out by the Fed.

No absurd leveraged(including 95%mortgages) risks, no bubbles. The need for risk taking is reduced as businesses/economies mature, but paradoxically increases as returns decrease. Until the next railroad/airplane/elec... grid/microprocessor/internet. etc., and maybe even after, we don't need the overstimulation caused by unbridled, heavily leveraged, greed. Regular greed should do pretty well, especially in an instantly connected world.

Have Gold and Silver Prices Reached a Tipping Point?

Question - how does the fact the we must deleverage all the assets inflated by the 30:1 investment bank leverage impact this? Seems to me we have massive asset deleveraging that requires(bad word, it doesn't require anything, just we've chosen to replace) monetary replacement. How much of that newly created money will be used to replace bad debt and not be usable in the system for purchases? This has been going for about a year as best I remember, shouldn't it equilibrate with out a huge spike or dip in gold if done properly?

After this, we need to real economy people into the banking system. This is absurd.