Posted on 08/02/2012 3:20:07 PM PDT by blam
Why just split-pea?
Never said just split pea.
I said start with seeds and nuts that might keep you alive,
Good advice....that I've already taken.
I’ve thought about adding canned ham to my stash...where is that found in the supermarket, and how long does it keep? Thanks!
-—— where will the money come from to buy gold at a higher price?-——
The author uses the interesting phrase “ the counterflow into gold “ while writing about US Treasuries already paying nothing. That means that when the foreign money pouring into US Treasuries and saving Obama’s ass gets spooked by the continuing devaluation of the US$, the place the money will counter flow to is into gold.
Obama has always blamed his poor performance on his predecessor. He will have the opportunity to set up his successor with some kind of trap worse than the mess he has already created. It will be revenge of the worst sort. It will exacerbate the counter flow
If that is the future, gold stocks with a low P/E are a bargain
Good thing I'm wearing boots this morning. The real propaganda comes from the mouths of these gold hucksters who rank significantly lower on the credibility scale than insurance salesmen, used car salesmen, and personal injury lawyers.
Gold has a reputation as the "refuge of doomsdayers," because that's the in-your-face message that gold hucksters use to sell gold. To paraphrase a gold ad that I recently heard on Glen Beck radio: Europe is burning, America is on the verge of civil war, for thousands of years people have turned to gold in the face of Armageddon... You should too." Gold has a reputation as a "refuge for doomsdayers" because the hucksters selling gold have advanced that reputation as the primary selling point.
In my opinion, approximately 90% of gold's value comes from doomdayers' demand as opposed to industrial, cosmetic, artistic, or institutional uses. Gold has no intrinsic value. It's incapable by itself of having significant value separate from demand. There is no real shortage of gold, rather the demand is artificially created through fear marketing and that demand is what drives and inflats the price. At some point, however, everyone foolish enough to buy gold as an investment is already in the market and there is insuffucient demand to sustain the price. The hucksters have already made their money by selling gold on fear and driving the price up and then using the rising price to sell more gold. As the price begins to fall, "investors" start to cash out, which causes the bubble to burst and the price to fall through the floor, and that's when the gold hucksters bottom feed and replenish their inventories at a deep discount so that they can start the hustle all over again.
Sure, some of the doomsdayers will make money if they buy in early enough and sell at just the right time. But the vast majority of these suckers who buy gold as a long-term investment, hedge against inflation, whatever the reason they are duped to buy, will lose money as measured against more traditional investments such as a well- diversified portfolio of equities and debt instruments.
Which would you rather own: 1,000 oz. of gold or 100,000 shares of GM stock?
all depends on gas prices
FYI
If you take exit 232 off I 40 to Sevierville Tennessee, you travel a pleasant country highway through rolling farmland with the Great Smokey Mountains as a backdrop. Unexpetedly, you come upon a fairly large manufacturing plant and lots of trailers. Then there is another even larger plant.
The first is Ball manufacturing, a maker of cans. The second is the Bush cannery. Across the street from the cannery is a large, old building that has been spiffed up. It is the Bush cannery visitors center. In the corner of a stair landing is an antique corner cabinet wrapped in chains and displaying a large padlock. There are red lasers pointing in all directions guarding the cabinet. Inside, visible through the glass doors is a huge leather bound book entitled....... Bush Family Baked Bean Recipe
Like what? I'm being serious.
Food, shelter and water.
And the means to protect them and the means to replace them as they are consumed.
I'm curious to know what you believe will be the result of this coming election, allowing for the possibility that either Obama or Romney might win.
If Obama wins we get (just rough guesses):
U.S. government revenue: $2.4 trillion
U.S. government spending: $4 trillion
U.S. government borrowing: $1.6 trillion
Federal Reserver purshasing of U.S. debt: $800 billion
What do you expect to have happen if Romney wins? I don't see much change from the scenario above. I can't figure out what keeps the Dow Jones average as high as it is while so many western nations are faced with insurmountable and growing debt.
I see no shortage of printing presses and ink for nations willing to print currency.
I agree with you...completely.
I'm hedging my bet and since I gained value there was no loss for getting out of silver.
I sold my gold six months ago.
Peter: After the deception and scheming of Extortion-Care passage, don’t under estimate the Hillary (Hillary Romney) Gang, to begin securing all these non-collateralized phoney so called “instruments”, through funneling Extortion-Care. Anyway they can leverage it. They’re exempt remember.
Peter: After the deception and scheming of Extortion-Care passage, don’t under estimate the Hillary (Hillary Romney) Gang, to begin securing all these non-collateralized phoney so called “instruments”, through funneling Extortion-Care. Any way they can leverage it. They’re exempt remember.
HaHaHaHa, thank you very much! That dog’s not talking either!
Thanks, brilliant thinking and will do today
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