Gtarras

Barrick Gold Confirms We've Reached 'Peak Gold'

this ironically will probably mean much much lower prices for gold. the main problem with gold as a currency is its limited amounts, which restricts golds flow and hampers growth. if the world is out of new gold, there will be even fewer reasons to use it as currency. other than that, gold serves no useful purpose to humans. short gold.

Are We More Like 1932 - or 1923?

Huh? you call these little Gulf conflicts wars? LOLOL!!! Have you read a single book on the 20s-30s-40s?? Hint: "Casablanca" does not count. Have you LIVED anywhere outside of peachy USA? Jezuz Christ, I am not really sure you know what real hardship is!!!


On Apr 09 10:37 PM Bill S. Friend wrote:

> Laugh Out Loud indeed. The paralells are certainly there including
> a huge expenditure on a war on two fronts. Unemployment is still
> rising and a social unrest is brooding as Wall Street raids the nations
> coffers. The government continues to fudge the numbers and Bernake
> cannot answer the questions while looking you in the eye. History
> is all we have to draw comparison, and we would be foolish not to
> learn from our mistakes.

Are We More Like 1932 - or 1923?

LOL! another gold bug peddling his book. There is a myriad reasons why today is not 1923. I would say one small difference to start with is we have not lost a World War yet (with huge "loser" payments to the winners), and do not have a pre-revolutionary situation at home with 30% unemployment. Thats the small reason. Another one, we dont have a gold standard either. Also, I think it would be even more fun to go as far back as the American revolution times, to makes things even more interesting, why not??? And while we are at it, why not draw parallels with Roman Empire, there got to be plenty of those, no??

Buy Treasuries for a Trade

why stay long TBT then? very credible that your have your money on the opposite side of the trade...