Conan the Barbarian

Are We More Like 1932 - or 1923?

Save up a year or two of money? Buy physical gold instead of saving USDs.

Do it on an ongoing basis.

A month maybe, 2 years of devaluation, I think not.

Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923

Post world war Germany had unsolvable problems because it did not receive the same Aid that other conflict ravaged countries did.

If the entire world had done exactly the same thing at the same time, how would it have led to Hyperinflation in Germany alone?

The US was on the Gold Standard at the time as were many other Nations, Time stood still for Gold outside of Germany. It went Nowhere. As a matter of Fact, the USD went up just as fast as Gold.

Are We More Like 1932 - or 1923?

High Inflation, probably. Volcker will be brought back into the limelight to soothe the savage inflationary heart. Probably by the end of the year.

Are We More Like 1932 - or 1923?

Risk Aversion Down, Gold down for now. VIX down big time.

USD still too strong to allow inflation. Palladium might approach parity with platinum, $2,500 cars will not use Platinum.

Honeycutt: glad you have an open mind and are not fighting last year's battle. You are absolutely right.

What do you think of Cobalt plays?

Gold Is Going to Gain

Or, If Gold has reached Investible Status because it is being portrayed as an "Island of Stability" during unstable times, then Gold will not be Viewed as an Inflation hedge alone.

Do you actually believe what we are going through currently will be forgotten within 2-5-10 years? It will be remembered like the Great Depression was 75 years ago.

I maintain that Gold as an Investment class, will be recommended for every Porfolio eventually. More will heed the recommendation than not.

Gold is an Investment. It is also Insurance against various scenarios including, but not limited to, Inflation.

IMHO

Gold Is Going to Gain

Maxe: lets reverse it, When has the Present mix of a Worldwide Crisis with Worldwide Government Intervention, with Gold near a $1,000 and $4 Trillion sitting in Money Market funds, Ever happened before?

When has the US economy been so lopsided toward consumer spending with such a Great Loss of Wealth but with Low interest rates and expectations of same continuing, Ever occured at the Same time as the above.

When have there been so many disparate Countries affecting each other?

Circumstances are the same for some aspects but not in the Aggregate.

Since the present situation has Never Occurred in the Past, It is different this time. IMO

Gold Is Going to Gain

Tim: Silver production has dropped off a cliff. Silver is a byproduct of many of the different types of Basic Metal mines being shut around the world.

A shortage will develop in Silver.

Gold Is Going to Gain

The Government made a promise to the People on Social Security, No Taxes on Social Security.

Promises by Presidents: Read my Lips, No increase in Taxes.
The same old Pork spending will not be allowed on my watch.

Bush, Obama both presidential promises, both broken.

Trust Governmental promises? Let them keep a few for a change.

Gold Is Going to Gain

Gmiki: preserving what you have left to live and the return of my money.

Precious Metals Are Bullish on Pullback

YH: not enough variety for me, I prefer going the experiment in terror route of MREs or Survivor Packs.

Sam's offers these too, self heating elements if you want to splurge.

but thanks for the thought.

Precious Metals Are Bullish on Pullback

Look for food inflation. You know, the stuff that keeps you alive but isn't included in Core statistics.

Backloading the Stimulus package looks really smart, doesn't it?

Gold: The Investment Bedrock of Monetary Systems

Too Bad Mad, maybe you And Rolex can get onto the same article and have at each other with Multiple spam posts.

Why Gold Miners Aren't Glittering

All of the ROLEXes look alike, must have been quadruplets.

Why Gold Miners Aren't Glittering

ROLEXROLEX: You aren't starting out to well in your current incarnation.

Why not provide some positions you have taken.

Just to show you should be taken seriously.

No Gold Bubble

Ho, ho ho, The US nationalizes all banks, there is a run on the Treasury, No one can get anything from the Banks. The stock market shuts down, and there is a Worldwide run on the US Treasury. The Dollar Tanks.

Physical gold is the only viable currency. Stock certificates cannot be exchanged with the closure of the Markets. Only the strong survive.

Wot, me worry? nope , I've got 35 years of accumulated gold jewelry and diamonds, emeralds, opals inlaid into same. I can chug to a Pawn shop on my bicycle and redeem a bit here or there, to keep us going.

Food? not a problem as long as water is available. my annual supply of MREs should be enough.

Got to get into Canada somehow, to get some gold/silver from the Vault. I took delivery of my CEF certificates.

Who knows, I may be a millionaire there.