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  • How Does $9000 Gold Sound? [View article]
    Uhh...check your math. You are off by an order of magnitude. Your answer should be 836 BILLION. Gold at 10K/oz makes 8.36T. That sounds about right.


    On Apr 26 02:59 PM gold33vain wrote:

    > From the above charts and some guestimating, there is approximately
    > 26,000 metric tonnes of gold now held by banks and countries &
    > ETF's. Lets do the math:
    >
    > 26,000 X 32,151 (oz in a tonne) = 835,926,000 oz X $1000./ oz gold
    > (projected 5-07-09) = roughly $8.36 trillion.
    >
    > This would not even back the projected federal deficit of $13 trillion!
    >
    >
    > Gold valued at $10,000/oz may be "close" to world monetary backing
    > today.
    >
    > Now if we project 300-400% world wide inflation over the next 2-4
    > years, $50,000/oz may be just about right!
    >
    > Let's look at SILVER. It currently is 5 times SCARCER than gold in
    > quantity available FOR DELIVERY. Industrial use accounts for over
    > 90% of the mined silver each year (production has dropped in 2008-09
    > vs. 2002-2007) The current silver gold ratio is 69:1 making it the
    > best buy in the past 25 years!!
    >
    > Estimated silver available for PHYSICAL delivery is pegged somewhere
    > between 600,000-800,000 oz. $10 BILLION could buy up the entire supply
    > @ $12.50/oz! Only $40 BILLION @ $50./oz
    >
    > Is this crazy or what????????????????
    >
    > GOLD33VAIN
    >
    May 02 01:33 am |Rating: +1 -1 |Link to Comment
  • Faber and Schiff: Inflation Inevitable (So Here's What to Do) [View article]
    If the only meaningful buyer of treasuries is the Fed I don't see how the price goes down. The Fed will not demand a high interest rate from the Treasury and will soak up any and all supply if necessary.

    Although I have a small position in TBT, I like the ag commodities and precious metals play better as a hedge against inflation. The Fed cannot control those markets.
    Apr 05 12:46 pm |Rating: +6 -1 |Link to Comment
  • Why Ford Will Make It [View article]
    All well and good. Nothing Ford has produced in the last 15 years has convinced me to switch from Honda. I am still driving my 1988 Civic that now has nearly 250K miles with no engine or transmission repairs needed; just water pump replacement and clutch replacement. Hey, something's gotta wear out after a quarter million miles.

    That said, I have read some excellent reviews of the Fusion and Focus models and I am considering getting one for my daughter. I would like to buy American this time around. However, before I plunk down $15K - $20k I need to be sure. Honda and Toyota don't need to convince me anymore but can Ford product convince me? We'll see.
    Mar 01 18:23 pm |Rating: +1 0 |Link to Comment
  • The U.S. Is Losing the Economic Cold War [View article]
    Well done! Growth is the key but it has to be real and sustainable growth, the kind that only comes from the bottom up and not the top down. Unfortunately, I feel that the US is doomed to decades of low or no growth and high inflation because the man at the top is the wrong man for the ages who believes only in a top down approach. Obama and his minions are hard-core socialists who believe only a big, "caring" government can tackle a problem this big and still ensure "social jsutice" and "equal outcomes". My strategic thinking says to protect my assets, both my savings and my home and family.
    Feb 06 11:07 am |Rating: +3 -3 |Link to Comment
  • Obama Rally: The Game Plan, Not a Question [View article]
    Obama is a new, "honest" leader?. Wow - hope is a good thing; sometimes its the only thing.
    Jan 20 09:15 am |Rating: +4 0 |Link to Comment
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