ignoramusmaximus

3 Reasons Not to Believe In Gold's Recent Rally

". . . on an absolute tear during the last month, soaring above $1,000 before closing at an all time high of $1,092. Since that time, a number of investing heavyweights (Jim Rogers, John Paulson, etc.) have begun predicting Gold prices of ranging from $2,000-$5,000."

Great article. Real food for thought. But "since that time"? The heavyweights have been saying this for way longer than the last month. "During the last month" the media began to pay attention to what these guys are saying when they start to see it happen. About the only attention WS gave to the heavyweights when they were predicting economic crisis a couple of years ago was to ridicule them. They saw crisis on the horizon and I am betting they will be pretty close on this subject too. Short term, what the author proposes seems very plausible. But ignore Jeff Nielson comments at your own peril (big fan, here).

Silver Futures Show Markets Are Acting Strangely

all the kohala is saying is this is legal. at least here on earth. if they don't get their due here on earth, woe, woe, and woe . . . the toilet flushing noise will change to wailing and gnashing . . .

The Silver Lining of Gold Fever

Boxed Merlot, ya mon! Right on, dude! Has anyone taken a close look at the any of the newer coins? Take some out of your pockets right now and compare them to coins from a time when somebody gave a damn like from the 60's or 70's (even the 80's weren't too bad). Not only are the materials cheap, the depth of the coining on the new coins is pathetic. The cheap junk being produced is a symptom of our culture. Virtually every culture in history has engaged in this practice to enable deficit spending - right before they went down the drain. Our culture will be no different. Good riddance, I say.

Fed Monetizes Debt Leading Investors to Embrace Gold

Thanks, Boris. You put my feelings into words better than I could have. Right On! This will not end well.

You will find more proof in this article about the Fed doubling the monetary base in one year:

seekingalpha.com/artic...

What's It Going to Be: Inflation or Deflation?

The trouble with buying TIPS is the I is based on the gov't nos.

derrly's synopsis makes sense. So who holds all the debt? Whoever it is would have a vested interest in not seeing the US economy go bust if they ever expect to get anything out of that debt. I see countries propping up the $ - England, the EU, the Swiss, etc. Will they will want to hold that dollar denominated debt long term? Will anyone want to buy debt from anyone as fiscally irresponsible as uncle sam? Will they prop the $ up until they can cash in their treasury certificates and spend the money? Will they be able to spend the money anywhere but the US? Will prices of real estate and any other hard asset be on a shot for the moon? Isn't this called inflation?

What's It Going to Be: Inflation or Deflation?

Econ 101:

Dump a whole bunch of something on the market, it's value ( the price you can get for it) drops. Keep on a printing boys . . .

The $ is toast.

Gold Prices Keep Getting Fishier

I'm still wondering, can't seem to get an answer: Why does my uncle sam collect taxes? Can't he just print money when he wants something? Come to think of it, isn't that what he has been doing for at least a year now? Hey, we're broke, let's have a party! Send everyone a check! The last party was so darn much fun, let's do it again! Avoid hangeovers - stay drunk! Anyone want to unload some gold and silver, I've got this really awesome greenish paper! The world loves it! It's, it's, its . . . almighty! Hail the $! LOL! All common sense got tossed out the window a long time ago. The only part I didn't realize is the rodeo rules allow for dear old uncle sam to put on some pounds and cover up with the euro before riding the roo off the cliff! Awesome! I'll miss them all . . . RIP.

Gold: The Last Carry Trade

Question: Why does my uncle sam collect taxes? Can't he just print money when he wants something? Come to think of it, isn't that what he has been doing for at least a year now? Hey, we're broke, let's have a party! Send everyone a check! The last party was so darn much fun, let's do it again! Avoid hangeovers - stay drunk! Anyone want to unload some gold and silver, I've got this really awesome greenish paper! The world loves it! It's, it's, its . . . almighty! Hail the $! HA! I've known the $ was toast for 2 years now, there was a spark of hope B4 that. All common sense is out the window. The only part I didn't realize is it is taking the pound, the aussie, the euro, and others with it! Awesome! What a great time to be alive! Excitement is in the air, blood will be in the streets! Praise Jesus and pass the ammo!