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Hot Richard

Hot Richard
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  • More Talk Of A Bubble In Gold [View article]
    Absolutely right, golfitobob, and thanks for making note how things have changed (and how they used to be). When I speak of "my concern" it is along the way of confiscation, re-writing tax laws, and bombs...oh how USG loves to bomb things.

    US is still the leading holder of gold (if we can believe might have been shipped out to Union bosses or arms dealers). That also is comforting.
    Sep 6 03:56 PM | Likes Like |Link to Comment
  • More Talk Of A Bubble In Gold [View article]
    Agreed. The only concern I have today regarding gold is the US/Europe deep, deep desire to manipulate gold market. Luckily, a few thousand extremely well-connected people in-out-and-around global governments should keep this in check.

    Nothing...not a single thing...has changed in the last 4 years regarding the gold play. Thank you, Timmay, Ben, BO, and Congress. Thank you from the top of my 500% returns. Party on, Mr. Keynes.
    Sep 6 09:50 AM | 5 Likes Like |Link to Comment
  • A Timely Message for Newly Minted Gold Bugs [View article]
    "Gold is not going to make you money. It is acting as if it is money;..."

    Well, since "money" ain't "money" anymore, I'm glad gold isn't money.
    Aug 19 12:26 AM | 1 Like Like |Link to Comment
  • A Timely Message for Newly Minted Gold Bugs [View article]
    Silver didn't drop for the reasons you imply. But, good article other than that.

    One thing to note is that the gold market is much more difficult (today) to manipulate. That is good news for folks not part of the politically connected.
    Aug 18 03:33 PM | 5 Likes Like |Link to Comment
  • Apple: Hoarding Cash to Avoid Taxes? [View article]
    Holding dollars usually means that you cannot figure out what to do with it. That's not a good sign. Also, you may have heard that this isn't the best time to be betting on the dollar as a store of value long term.
    Aug 10 03:32 PM | Likes Like |Link to Comment
  • Economic Data Confirms Diminishing Impact of the Stimulus Efforts [View article]
    That's the thing, isn't it? Austin Goolsbee can blah blah blah nonsense on John Stewart and then run away having earned his cash and applause from rooms full of eager college kids. Folks, these are babies in charge of the country...regardless of their age.

    Bernanke continues to scream that Congress MUST raise the debt ceiling. Well played, Ben. Post-collapse Ben will be on the circuit saying how his actions saved the day and Congress is to blame for everything. That is if there is a speaking circuit in the post-collapse zombie apocalypse wasteland.

    Please remember that "stimulus" puts billions directly into the pockets of the people in charge of approving the stimulus. What can possibly go wrong and why would they ever stop?
    Jun 15 12:23 PM | 3 Likes Like |Link to Comment
  • The 'Pesofication' of the Dollar [View article]
    > Current inflation has nothing to do with monetary policy.

    My god how I love this sentence. I love it with all that lies under my banana hat.

    This sentence is like going to a Vegas sports book and getting 70 points AND the Pats at home against the Raiders because a lot of Raider fans really love their team. I will place my bet and not try to talk them out of it.
    Jun 15 12:13 PM | Likes Like |Link to Comment
  • The 'Pesofication' of the Dollar [View article]
    I must agree with SWR. Stocks and bonds are pretty much just a wealth transfer engine or a way to launder cash right now. And, the rush into PMs will most likely be something monstrously massive like we've never seen before...and global. I'd fully expect the US government to have contingency plans for "How to screw gold holders when gold goes thru the roof and the dollar crashes thru the floor." ETF holders will be the first screwed. Of course the plan will be wrapped in a flag.
    Jun 15 12:03 PM | 1 Like Like |Link to Comment
  • Silver and Gold Prices Slump With Strengthening Dollar [View article]
    From coverage of last night's debate: "Ron Paul...did little to shake his image as a fringe candidate by talking too fast and dropping obscure subjects like "Keynesian bubble'' and "monetary policy'' into the conversation."

    As long as Keynesian bubble and monetary policy are obscure to the voters, the crooks will keep stealing, the idiots will keep being idiotic, and gold/silver will keep being the best defense against them.
    Jun 14 08:56 AM | 4 Likes Like |Link to Comment
  • Interview: Jim Rogers on Long Agriculture, Short Bonds and ... Soccer [View article]
    "...nobody’s running Russia except the Mafia warlords."

    Good golly this is so true.
    May 11 01:18 PM | 2 Likes Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    Could you please tell us if you think silver is a good buy!!!
    May 11 01:14 PM | 3 Likes Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    One of the costs of growing old is having people "teach" you about history that you learned decades ago...over and over and over.

    "ultimately you are almost certain to lose value unless fiat currency and all of western society collapses."

    I'll take that bet. But I don't need "collapse" (what does that even mean?). All I need is continuing Ponzi economic policies by developed countries with the US leading the way. Helicopter Ben and QE(infinity) helps, but actually isn't needed to continue a rise in gold/silver. It is gravy.
    May 11 10:45 AM | 1 Like Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    My banana leaf hat is lead-lined and my fortress has a disco ball, A-in-P.
    May 11 10:43 AM | Likes Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    "once enough of the wealth is aggregated in their hands they will prefer hard money to make sure that no one can transfer it out of their hands."

    May 11 10:40 AM | 3 Likes Like |Link to Comment
  • Commodities: Correction Is an Opportunity, Not a Disaster [View article]
    So, it'll never burst?
    May 10 12:47 PM | Likes Like |Link to Comment