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ltsgt1

ltsgt1
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  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    Rich,

    I never said government is always a negative. Small, focus and responsible government is good. Big, bloated government with incompetent workers with no sense of accountability is bad.
    Jul 23 08:40 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    I worked in the NYPD and did almost a year at headquarter where you can easily trim 3/4 of the personnel and nobody would know the difference.

    At the precinct level, 10% are house mouse and they are almost totally useless on the street. Another 5% are almost just as useless taken up space in the sector car when I couldn't use them sitting on DOA, guarding EDP or sick prisoner.

    After my retirement, I worked briefly for the Office of the Inspector General covering the NYCHA. I truly believe if you get rid of 90% of the people there, more things may finally get done with them out of the way.

    NYCHA is a perfect example which best illustrates governmental waste. Too many stories ......
    Jul 22 07:33 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Saudi Stock Market, Apple Orders, Chipmaker News [View article]
    "Sound banking and financial services, rule of law, fair and impartial legal courts/ enforcement of contracts, military security, a robust infrastructure, societal services, an educated population, amongst other things --"

    All that can be accomplished with a government 1/4 of the current size.
    Jul 22 01:33 PM | 7 Likes Like |Link to Comment
  • A Comprehensive Risk Analysis: Gold Vs. The Stock Market [View article]
    This is a good article because it's unbiased. If you think the recovery is here to stay and only at its infant stages, you should invest in the stock markets. I think Black Monday will be a mere blip in comparison to what is coming our way in couple of years, I invest in energy related stocks, MRE, ammos, wines, PMs and most importantly, like minded friends.
    Jul 22 01:09 PM | Likes Like |Link to Comment
  • A Green Light For Gold? [View article]
    Avi,

    I thought it would be hard to get physical under $1400 too. When it didn't happen, I bought 15 oz from $1405 (5), $1350 (5) and $1270 (5).

    However, in Nov. 2008, I had a hard time getting gold at around $750 and it was impossible to get any physical platinum outside of jewelry stores in late 2012 - when I realized I can't get any physical at all, I bought a few thousand shares of PPLT. You don't have to buy my story. I really don't care but I'm just letting you know what actually happened.
    Jul 17 09:58 PM | Likes Like |Link to Comment
  • A Green Light For Gold? [View article]
    Peter was right but he didn't know how to profit from it. He got it right with gold from 2002 till 2011 but he totally screwed up his theory that the rest of the world could decouple from the US financial melt down in 2009. Many of his clients lost a lot of money in the emerging markets.
    Jul 17 07:00 AM | Likes Like |Link to Comment
  • A Green Light For Gold? [View article]
    Avi,

    If gold price were down to sub $1000, it will be hard to get gold. I had a hard time getting physical in Nov. 2008 when gold price crashed to around $770.

    Normalcy didn't return until the price was over $900 in the summer of 2009. The same happened to platinum couple of years back when it was cheaper than gold.
    Jul 17 06:43 AM | Likes Like |Link to Comment
  • James Turk: Bursting Money Bubble Could Inflate Gold To $12,000 [View article]
    Fish,

    I can finally see the challenge to the dollar, BRICS Development Bank. However, I just can't see how. If these developing nations stopped using the dollar, how do they get rid of it?
    Jul 16 05:40 PM | Likes Like |Link to Comment
  • Gold Is Like The Psycho Ex That Is Still Obsessed With You [View article]
    "Comfort money and God created gold" vs. "Fiat (NYSE:FX) money and man created gold derivative".

    I love it, that is great.
    Jul 14 02:33 PM | Likes Like |Link to Comment
  • Update: Allied Nevada Gold Reports A 51% Increase In Production [View article]
    ANV is underperforming GDXJ which I think is indicative that ANV is indeed for bold gambler. I am long and own 3000 shares of ANV but it's hard to double down under the current circumstances.
    Jul 14 10:12 AM | Likes Like |Link to Comment
  • A Perfect Storm To Push Gold Higher? [View article]
    "I am worried foreigners and U.S. investors are on the verge of giving up on the U.S. Dollar as the reserve currency for global finance."

    I've been worrying about that since QE 2. I always wonder why the world lets the US get away with QE to infinity. By the end of 2013, I almost thought that printing money may actually worked until I read this article - http://bit.ly/1ne7k7E. I had no idea a reform legislation was signed in 2010 to give large emerging countries a greater say in the Bretton Woods Institution. I suspect if enacted, the reforms would gradually strip the US reserve currency status.

    The world or developing world gave IMF/US 4 years to get our acts together which allowed us to do helicopter drops repeatedly with no consequences. The April deadline has been extended but I doubt that support will be there by this year end if the US refused to cooperate.

    If the developing world, now with the support from Europe, acted on Plan B to ease the world from the dollar on their own, the transition of stripping the dollar global reserve currency status would be much more disruptive which makes me think gold price will rise by the end of this year.
    Jul 10 01:20 PM | Likes Like |Link to Comment
  • GLD: Potential Whipsaw Ahead [View article]
    You're welcome. What moustache??

    Anyway, here is another article which makes me think gold will raise by the end of this year. http://bit.ly/1ne7k7E

    By the end of 2013, I almost thought that printing money/QE actually worked until I read this article. I had no idea a reform legislation was signed in 2010 to give large emerging countries a greater say in the Bretton Woods Institution. I suspect if enacted, the reforms would gradually strip the US reserve currency status.

    The world or developing world gave IMF/US 4 years to get our acts together which allowed us to do repeated helicopter drops. That support will not be there by this year end.
    Jul 9 10:22 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: GM Testimony, Citigroup Settlement, Immigration Crisis [View article]
    Killer,

    A professor who has taught constitutional law has to know that the executive branch cannot assume the powers of the legislative branch of government at will.

    The fact that Obama is ignoring this simple truth is indicative that he is either a product of Affirmative action or he is a big government communist.
    Jul 9 09:23 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: GM Testimony, Citigroup Settlement, Immigration Crisis [View article]
    Okay, I'll bite. Bush is known to be an idiot. Personally, I think he mishandled the both wars in Iraq and Afghanistan. However, that doesn't absolve Obama CURRENT mishandlings of Iraq, Syria, Egypt, Libya, Ukraine and Afghanistan.

    If Bush, the known idiot, is a big part of this CURRENT border crisis because of a policy which he established more than 10 years ago, why can't the SMARTEST president we ever had resolve a simple problem caused by an idiot more than 10 years ago NOW?
    Jul 9 09:10 AM | 22 Likes Like |Link to Comment
  • Wall Street Breakfast: GM Testimony, Citigroup Settlement, Immigration Crisis [View article]
    a64hoo,

    Since Obama has turned "Homeland Security" into ""Homeless-land Security" and Border Patrol agents into sneakheads and coyotes, Mayor De Blasio should follow suit and order the NYPD to commence drive by shooting against any suspected gang members or jaywalking citizens.

    Why bother with the annoying and cumbersome contract negotiations. Proceeds from robbing drug dealers and extorting storekeepers for selling untaxed cigarettes should be used as raises, saving the city and the police union times and headaches. Mayor De Blasio should learn from the POTUS and do whatever he please.

    Welcome to the new transformed America.
    Jul 9 08:50 AM | 9 Likes Like |Link to Comment
COMMENTS STATS
1,372 Comments
2,172 Likes