How much experience do you have with collapsing economies? JIT inventories will prohibit stores from having goods to purchase. Do you think people are stupid? If you go walking around to to "dealers" to "cash in " your gold you will be followed and robbed. You will also get the worst price available- guarantee! You would be far better off fleeing to the mountains or the country. Do you have any idea at all what civilization will be like with mobs of angry hungry people roaming around and NO POLICE? Only arrogance and ignorance would would lead a person to believe that he/she will be allowed to live in peace with a stash of gold to serve them ...lol p.s. Things can and do go bad instantly literally overnight.Just ask anyone living in Iceland ,Zimbabwe or Argentina. As far as roving bands of thieves just look at Brazil !
On Jul 09 04:30 PM yellowhoard wrote:
> I hear this idiotic argument all the time, "how are you going to > buy a loaf of bread with a gold coin?" > > YOU DON'T. > > You take the coin to a dealer, get cash, then buy your stuff with > the new worthless cash available at that particular point in time.
I think physical gold ownership is absurd.Unless you are planning on fleeing the country- forget it ! 1) Physical gold bullion MUST be assayed before it can be sold. This adds undue expense and inconvienance to selling gold. 2) The Government will confiscate gold in the event of economic collapse. This you can be sure of . 3)Huge security risk: where will you keep your Canadian maple leafs? On your person? In your home? Your car? Certainly not in a safe deposit box (those will be banned by government like in the 30's). I have watched way too many apopolyptic horror scenarios ,home invaders,etc willing to do your family or yourself great bodily harm to get at your gold. 4) Now lets say you have the perfect storm. You have adequate security no one knows you have gold and silver hidden. Civilization comes crashing down around us -where will you spend your gold ? Barter with some local blackmarketers? With just in time inventories store shelves will be empty in hours. Will you and your family eat while your extended family and friends go hungry? "Sorry lil nephew I cannot feed you ,You should have told that deadbeat father of yours to hoard gold like me!" You see the problems that will rise? If you are that certain that our society will be consumed by financial chaos then you would be far wiser to spend your money now. Buy a cabin in the mountains stock it with food and all your toys and then when the moment comes - you leave! Hoarding gold in a metropolitan environment is at best delaying your own demise and at worse suicidal.
Wells Fargo: Best First Quarter Ever [View article]
The gov't is reigniting a banking bubble in financials. When this bubble breaks all the kings horses and all the kings men will not be able to save their banking system.The systemic collapse that will follow will sweep thru the lands like a tsunami!
If these banks are doing so well then why is the government stealing taxpayer money and giving it to banks interest free to make more money at taxpayer expense!? Someone is lying here. The government has no right to steal our money and give it to any business! Where in the constitution does it say that ?This entire scam of giving money to business is outrageous and criminal! When will these crooks and thieves in Washington DC stop!?
Upward Curve of Treasury Yield Could Signal Recession's End [View article]
How do u know the yield curve isn't rising because it has too! Maybe they have to raise the yields on bonds to attract buyers cuz the auctions r going badly! i would say this is farrrr more likely! i also have to say ur conclusion is disingenuous and unethical. R u on the gov't payroll? a consultant?
Warren's (Ridiculous) Prescription for Banks: Wipe Out Shareholders, Fire CEOs [View article]
She sounds to me like a brave ,courageous woman who is trying to do the right thing.The leeches and sponges of the country are trying to distribute the banks losses amongst the taxpayer.She is trying to put the losses where they belong . Shareholders and executives should get the heave ho ! Sounds to me like she is the only normal person out there.What a novel idea shareholders must take losses.Executives must get fired. ur right she is obviously some kind of nutjob!(sarcasm)
This is a national disgrace! Where is the outrage? Where is the indignation? These people are thieves and con artists! There is no recovery! Its all based on lies and fraud!Tim G needs to resign! Where is the FBI? Where are the indictments?
Exclusive: Big Banks' Recent Profitability Due to AIG Scam? [View article]
If this is true i expect the bull run is the fraud run! These people need to be punished! Criminal prosecution for the banks and aig. timothy G needs to lose his job! There is no bull run its all based on fraud and lies. This is the story of the decade if true!
Just like many aboard the Titanic fiddled and danced as she sunk in the icy waters of the north Atlantic, I am sure many will be buying and spending even as the dollar goes to near worthlessness!There is no accounting for the whims of people sitting on the edge of disaster!
Nationalization Makes Strange Bedfellows [View article]
Its time to make our government work for us .STO P POLLUTING OUR MARKETS WITH SOCIALISM!!! If president obama wants to unify the country he Needs to move toward the political center.The best way to do this in the financial markets is : CUT THE CAPITAL GAINS TAX TO 0 ON ALL BANK AND PROBLEM FINACIAL STOCKS!! i VOTED FPR U PRESIDENT OBAMA PLEASE DONT DISAPPOINT ME!
Markets Down as Traders Focus on Not Losing Money [View article]
Its time to make our government work for us! I have a message for our leaders in Washington: REMOVE THE CAPITAL GAINS TAX FOR BANK STOCKS! This action will pour money back into financials and ignite the markets ...Follow chinas lead ..CUT THE CAP GAINS TAX!!!
Expect a Q4 Bear Market Rally - RBC [View article]
I would not believe anything any analyst from those banks or financial houses would say . they have zero credibility with me .In my opinion they are part of the problem with their manipulation of statistics and 1/2 truths. why didnt they warn anyone what was happening in the financials? hmmmm? enough said get some new experts dont waste our time with has beens and gutless wonders paid to say whatever their masters tell them to say ...
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Latest | Highest ratedGroundbreaking WSJ Story on Gold [View article]
JIT inventories will prohibit stores from having goods to purchase.
Do you think people are stupid? If you go walking around to to "dealers" to "cash in " your gold you will be followed and robbed. You will also get the worst price available- guarantee!
You would be far better off fleeing to the mountains or the country. Do you have any idea at all what civilization will be like with mobs of angry hungry people roaming around and NO POLICE?
Only arrogance and ignorance would would lead a person to believe that he/she will be allowed to live in peace with a stash of gold to serve them ...lol
p.s.
Things can and do go bad instantly literally overnight.Just ask anyone living in Iceland ,Zimbabwe or Argentina. As far as roving bands of thieves just look at Brazil !
On Jul 09 04:30 PM yellowhoard wrote:
> I hear this idiotic argument all the time, "how are you going to
> buy a loaf of bread with a gold coin?"
>
> YOU DON'T.
>
> You take the coin to a dealer, get cash, then buy your stuff with
> the new worthless cash available at that particular point in time.
Groundbreaking WSJ Story on Gold [View article]
1) Physical gold bullion MUST be assayed before it can be sold.
This adds undue expense and inconvienance to selling gold.
2) The Government will confiscate gold in the event of economic collapse. This you can be sure of .
3)Huge security risk: where will you keep your Canadian maple leafs? On your person? In your home? Your car? Certainly not in a safe deposit box (those will be banned by government like in the 30's).
I have watched way too many apopolyptic horror scenarios ,home invaders,etc willing to do your family or yourself great bodily harm to get at your gold.
4) Now lets say you have the perfect storm. You have adequate security no one knows you have gold and silver hidden. Civilization comes crashing down around us -where will you spend your gold ? Barter with some local blackmarketers?
With just in time inventories store shelves will be empty in hours.
Will you and your family eat while your extended family and friends go hungry? "Sorry lil nephew I cannot feed you ,You should have told that deadbeat father of yours to hoard gold like me!"
You see the problems that will rise? If you are that certain that our society will be consumed by financial chaos then you would be far wiser to spend your money now. Buy a cabin in the mountains stock it with food and all your toys and then when the moment comes - you leave!
Hoarding gold in a metropolitan environment is at best delaying your own demise and at worse suicidal.
Wells Fargo: Best First Quarter Ever [View article]
Pre-Market Rundown: Job Claims Down, Banks Rebound [View article]
these crooks and thieves in Washington DC stop!?
Upward Curve of Treasury Yield Could Signal Recession's End [View article]
R u on the gov't payroll? a consultant?
Upward Curve of Treasury Yield Could Signal Recession's End [View article]
Warren's (Ridiculous) Prescription for Banks: Wipe Out Shareholders, Fire CEOs [View article]
Another AIG Scandal? [View article]
Big Debt and Big Returns Could Be Spurring This Rally [View article]
Tell the truth if u dare!
Exclusive: Big Banks' Recent Profitability Due to AIG Scam? [View article]
These people need to be punished! Criminal prosecution for the banks and aig.
timothy G needs to lose his job!
There is no bull run its all based on fraud and lies. This is the story of the decade if true!
Consumers Still Flashing Buy Sign [View article]
Investor Capitulation: What to Watch Now [View article]
Nationalization Makes Strange Bedfellows [View article]
If president obama wants to unify the country he Needs to move toward the political center.The best way to do this in the financial markets is :
CUT THE CAPITAL GAINS TAX TO 0 ON ALL BANK AND PROBLEM FINACIAL STOCKS!!
i VOTED FPR U PRESIDENT OBAMA PLEASE DONT DISAPPOINT ME!
Markets Down as Traders Focus on Not Losing Money [View article]
I have a message for our leaders in Washington:
REMOVE THE CAPITAL GAINS TAX FOR BANK STOCKS!
This action will pour money back into financials and ignite the markets ...Follow chinas lead ..CUT THE CAP GAINS TAX!!!
Expect a Q4 Bear Market Rally - RBC [View article]
why didnt they warn anyone what was happening in the financials? hmmmm? enough said get some new experts dont waste our time with has beens and gutless wonders paid to say whatever their masters tell them to say ...