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  • Why I Own Gold [View article]
    It's amazing how often otherwise bright individuals completely ignore the central issue: too much debt. Unfortunately there has been a mass circle-jerk among young gun "economists" who have learned and studied one very specific and small area of our favorite dismal science: monetary policy. It's too bad because they ignore much of classical economics, based on thousands of years of history and endless empircal evidence that no central bank can play god and get away with it. And in fact, the US is about to be the most short-lived ecnomical powerhouse's only been ~50 years! At least England lasted a couple centuries! "Print, print, and more print. Austerity is for losers!" they say. HA!

    Think about it...we are fighting a problem of too much debt with MORE debt. How dumb does that sound? Soon enough it will be clear as day that Uncle Sam will struggle to pay back interest, let alone principle on these bonds. When that happens, the biggest bubble of all will burst: the bond bubble. This isn't the first time a country has downplayed inflation, overstated GDP, and eventually drowned itself in debt. There is plenty of precedence for what the US is going through right now, and there is only 1 outcome: failure. "it's different this time" they say. HA!
    Jun 26, 2013. 03:13 PM | 16 Likes Like |Link to Comment
  • Ron Paul Has It Totally Backwards, Gold Isn't Going To Explode Higher [View article]
    your articles are awesome. in a funny, "point and laugh" kind of way
    Aug 16, 2013. 04:55 PM | 10 Likes Like |Link to Comment
  • Why Hyperinflation Is A Myth (And What It Means For Gold Prices) [View article]
    I have a motto that I use in every walk of life: "If you can't explain it to a 4 year old, you don't know it that well". Due to the fact I have never seen any "modern" economist concisely and adequately prove the validity of the MV=PT formula, or explain it well for that matter, I conclude it's a bunch of garbage. It just gets so confusing and awful. Not to mention that it ISN'T a good predictor of CPI. Real CPI is 9-10%:

    And another thing that chaps my ass with Keynesians...if 2% inflation was "good" when the Keynes camp was created, and it's already been proven that the way they report CPI now is under-published by 6-7% each year, why is 2% still "good" or "low" inflation. Haha just doesn't make sense..I feel bad for your 401(k)'s...

    The thing that really miffs me with "modern" economics is they somehow forget everything Friedman did. He looked back at literally thousands or years worth of data and proved to the nth degree that when the Romans, Germans, English, Turks, Chinese increased their money supply (mostly by melting down gold and debasing with lower quality metal) prices ALWAYS went up. As he said, it's a monetary phenomenon. We don't fight the basic Laws of Physics, why fight the basic Laws of Economics?

    ^ If you want to read up on why this formula is just awful

    "Now as Anderson has pointed out, in an acute analysis, the two sides of this equation are equal only because they are identical:..."
    Feb 12, 2013. 03:45 PM | 9 Likes Like |Link to Comment
  • The Slow Death Of Bitcoin And Gold [View article]
    Central banks are buying gold probably because gold is not going to die
    Jun 26, 2013. 01:25 PM | 8 Likes Like |Link to Comment
  • The U.S. Doesn't Have A Debt Crisis: Don't Let It Scare You Out Of Stocks [View article]
    i couldn't make it past the title
    Jun 10, 2013. 04:18 PM | 6 Likes Like |Link to Comment
  • Another Nail In The Coffin For Peak Oil [View article]
    I find it funny that people can't look at the big picture with peak oil. Of course you can have ST increases in production. Means nothing. In 150 years we have used up more than half of the earth's oil. This is scientifically proven. Not trying to scare anyone, it's just a fact. The remaining oil will be lower grade, more expensive to extract, and we will use it at a far greater rate than we used the first half because our population has 1) increased and 2) much more reliant on fuel.
    Aug 13, 2013. 05:33 PM | 3 Likes Like |Link to Comment
  • The Slow Death Of Bitcoin And Gold [View article]
    True, but I think that will be ending soon enough. Central banks are buying gold at the highest level since 1964. They know there is a massive wealth transfer developing in the final leg of this commodity secular bull market and they are positioning themselves accordingly.

    Not for nothing, but owning a high percentage of foreign government debt has political implications as's not always for pure investment purposes. Think of it like poker chips in a high stakes game. Like in the Suez Crisis in the mid 1900's when we owned a crap-ton of UK's debt (UK was in a similar debt situation as the US is now). UK didn't want Egypt to nationalize the Suez Canal so they brutally attacked Egypt and took custody of the canal. All the US had to do was simply threaten to sell off the debt and the Enlgish ran home with their tails between their legs. When you are heavily in debt you no longer call the shots.
    Jun 26, 2013. 04:38 PM | 3 Likes Like |Link to Comment
  • How Inflation Could Infest The United States [View article]
    All John Williams does is follow the same formula they did in 1980. Nothing special going on there. Why is that so hard to believe? That article is an incomplete argument

    "Hey this one thing's price didn't appreciate. inflation's not 10%"
    Mar 13, 2013. 11:37 PM | 3 Likes Like |Link to Comment
  • Silver: Is The 'Manipulator-In-Chief' Calling A Bottom? [View article]
    Depends how you look at it. Each person can ask themselves: am I big picture, or someone obsessed with short -term movements? For me, I'm big picture, it's obvious to me where silver is going, and I am not bothered by this consolidation. To say that "fundamentals" don't matter is just silly though. What do you think drives these "Elliot waves" over the last 10 years? and for the next 2,3,4 years? Fundamentals bud.

    That said, I don't deny active traders using the technicals you alluded to can't make money - I know you guys do well! But you just have to understand we don't care because we know where it's going.
    Mar 3, 2013. 02:53 AM | 3 Likes Like |Link to Comment
  • The Only Way I'd Invest In Gold In 2014 [View article]
    I'll agree that investing in gold is not something I am going to do at these levels...but the fact that smart people (assuming you are a smart person George) take government-provided stats like the CPI at face value is kind of scary. The real issue is sentiment, and in the court of public opinion inflation is not an issue right now. Maybe it's because the BLS does such a great job of hiding most of it with hedonic adjustments, substitutions, and weighting changes?? Either way, it doesn't really matter, b/c like you said it's only a matter of time before inflation is a big headliner. *THAT* is when the real gold rush will begin.
    Jan 9, 2014. 04:16 PM | 2 Likes Like |Link to Comment
  • Comex Registered Gold Cover Ratios Hit Unprecedented Levels: Over 50 Claims Per Oz. [View article]
    of course he didn't. just the typical dope who posts on this site
    Aug 15, 2013. 05:52 PM | 2 Likes Like |Link to Comment
  • The Salvation Of Silver And Gold [View article]
    no country is on a gold stanadard - who cares
    bill gates doesn't have gold - who cares
    cavemen use to borrow money - who cares
    paper money has been around for a while - who cares

    all your comments are besides the point. gold has always maintained its value, and if you think there might be a usd scare coming, owning gold might be a good idea
    Jul 24, 2013. 05:00 PM | 2 Likes Like |Link to Comment
  • I Was Wrong: Gold Has Been A Terrible Investment [View article]
    You could be right but this would interrupt the commodity:equity secular cycle that has existed for the last 150 years. It's all about sentiment and us human beings have an innate "sheep-herd" mentality. When equities taper off and rates go higher commodities will be the place to invest...CB are already doing it, pension funds are thinking of doing it, and hedge funds and retail investors will be the final wave. I think it could honestly be rediculous and I think it will happen soon: ie within the next 2-3 years. With respect to how far gold will go down, I think we are very close to a bottom but asset corrections to the tune of 40-50% in a secular bull is not unheard of. Look in the late 1970s during the last gold secular bull and you might be second guessing this correction.
    Jun 28, 2013. 04:52 PM | 2 Likes Like |Link to Comment
  • Why I Own Gold [View article]
    two decades away? wow...your imcomplete sentences are giving me an incomplete sense of what your point was with all that. I'll ask you this though: If 3% was "good" inflation in the 1970s, and you know they dramatically under-report it now, why is "3"% still considered "good" now?
    Jun 26, 2013. 04:45 PM | 2 Likes Like |Link to Comment
  • The Inflation Hoax [View article]
    I agree, there are a lot who have been proved wrong on the "hyperinflation is coming now!" stance...but it is pretty clear to most that inflation is and *should always* be a perceived risk when a central bank embarks on the biggest open market manipulation in the history of mankind...don't you think genius?? And to your scoffing at "gold bugs"...just b/c someone is long gold doesn't mean they're just some doomsday nut - actually it probably just means they're a student of history and have a good understanding of the macroeconomics at play here. Bottom line is Uncle Sam is broke with his unfunded liabilties on an exponential path. The US, like every other country in history, is fighting a problem of too much debt with more debt - this has always, and certainly will in this case, lead to inflation. Maybe not HYPER inflation, but I think it will get worse in the next 4-5 years for sure. The gold market will respond, probably right about at the same time the Fed loses control of interest rates.

    To your implication that inflation isn't even an issue now...why are public and private debt levels at all time highs? And you do know that income/household is trending down now right?......
    Jun 24, 2013. 04:34 PM | 2 Likes Like |Link to Comment