Like the tuna on the shelf, eventually it will be of use.
Posted on 11/08/2014 10:47:19 AM PST by blam
I’m still operating off the toilet paper reserves I stocked for Y2K. I’ve even considered exporting some to Argentina for a profit.
There were “food riots” in 2008. Just not here. However, some food items went “missing” for a while.
Spot on.
I don’t get this economic inequality stuff. Get off your ass and work hard, and study, and get a good job, and work hard, and save money, etc...
“I’d hate to think he’s right about 2016 though.”
Evaluate and prepare now. Do only what makes sense no matter what. Do enough to be ok.
Deflationary collapses take time to unfold, and they cannot be pinned down for that reason.
The actions by global bankers to prevent a collapse under Obama are what guarantee that a deflationary collapse will overtake us.
Your world is pretty simple, and benign, huh?
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Goldline, and every other PM seller make their money by buying and selling profitably, i.e. buying below value, and selling above.
To them, holding is foolish, as they can profit by every increase, and every decrease, just like stock brokers do.
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I chuckled o myself while I posted this article, I was eating lunch of tuna that I stored in 2006 for the H5N1 pandemic. It was a good as new.
And another from 1991 titled, "The Great Reckoning."
>> “ But, we’re there and still declining...” <<
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Nope!
Nothing remains the same, and that is how money is made by those that recognize that simple fact. Sell on the rise, and buy on the dips.
The wise have been buying all the metal they can as it falls, and will sell it for more than the money they put into it will be worth, whether the panic is inflation or deflation.
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Like the tuna on the shelf, eventually it will be of use.
Most people rotate their canned food and freeze dried and nitrogen packed buckets last indefinitely. Nice try, though.
I would not say that most people do that.
Just like every year for the decades I can remember.
Nope, what? The price has fallen below $1,200/oz. Buying while the price is still declining is not a good idea, especially if as you say deflation is a possibility. Under a deflationary scenario you’ll be throwing money away because it’ll just keep falling right along with everything else.
You must be an Econ major, huh?
Precisely my point. They would not be selling gold right now if they really thought gold was going to go higher. So, they try to offload their gold now. The hucksters from the media are leading their moronic consumers into buying gold.
Gold is not going to increase in monetary value in a deflationary economy. One does not have to be an econ major to understand that.
LOL, sounds like my recollections of her also.
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