Posted on 10/02/2011 4:30:15 PM PDT by blam
Awesome, Blam. I find her looks and her writing extremely attractive!
In WWII, the Japanese hoarded gold so they could afford what they needed when SHTF. When it did, there was nothing to buy.
Gold is for bridging value across an economic crash, not buying staples during it.
But... but... Bernanke said he would FIGHT deflation!
Thanks for giving it to us straight.
I think that option is at least 20 years years too late. (see above)
To remind others here, there’s no one, big, single crash in a terrible decline, although cursory history lessons appear to indicate that. There are fluctuations, and it’s doubtful that we’ll see the dates of the biggest ones in advance with any accuracy. With machines and so many groups playing the short game, it’s harder to tell than ever before without inside information from members of those groups (also favored constituents of politicians and very globally oriented). And they lie. It’s part of how they make money.
And that’s why some of the broad behaviors in the market seem to make little or no sense. For example, downgrade the our currency with good reason (crazy debt regime), and our currency goes up. Another: the Fed makes an extremely desperate bond-swap move, and our currency goes up, further crushing US manufacturing and exports.
In short, we’re ruled by tyrants engaged in orchestrated insanities for their own personal interests, and they’re not really contributing to western production or prosperity. Extreme decline is imminent. They’ll either continue squeezing the dollar up to hasten the decline, as the debt regime has already gone too far. Or they’ll put it off a short while longer by devaluing the dollar.
And BTW, the stuff about China’s immediate decline is propaganda for placating the western masses that are about to erupt. The latest effort to hike the dollar unnaturally and internationally, and to crush oil prices, is an effort to try to continue the import regime (lowering freight fuel, Chinese prices, etc.). Watch for new floods of American unemployed. It’s the end of 2007 and beginning of 2008 all over again, but far worse.
Hold on to your pennies. Don’t buy anything.
I would assume that Ann’s stalker has not showed his face yet as her web site is still up and running. I just could imagine her taking a trophy photo with him hanging upside down from a tree limb.
I work in the Fine Jewelry sector...people still are buying but being very cautious about what they buy....I see many walking away from gold purchases...stunned at the price of a simple gold chain.
Further gold pieces are far less weighty than even a year ago...some pieces so light they are more like the weight of hallow gold...customers are not happy...and a rude awakening to many.
We have price increases at pace I haven’t seen before.
I had to have a clasp repaired last week and was stunned at the price of gold charms.
Astonishing.
Is sterling silver still about the same?
I knoe.
But it’s still the only option. It’s just going to hurt more. :(
I know.
But it’s still the only option. It’s just going to hurt more. :(
is my money in my roths and 401 worth anything?....I’m not old enough to take it out without a penalty and taxation and then again, what would you do with it anyway.
Had an interesting occurance this week... a businessman using his American Express for four purchasing transactions on our company terminal, each amounting to about $300-$400 dollars. During the third transaction his bank ‘stopped’ the transaction “at the terminal”...I could go no further even though it was our companies terminal...not his banks.
Though American Express called him on his cell phone in minutes to of course qualify it was he making those large purchases,.... what was astounding is that this mans bank had access to ‘our companies terminal’ to hault the transaction physically at the terminal site itself.
I could not continue the transaction until his bank released the “screen”..which they basically froze...
Of course they did release it once confirmed he was the card holder making the purchases....but the idea is that a bank could somehow stop this on our companies terminal.
It will be no wonder then that a One World Currency and Economic System could indeed monitor and ‘control purchases’ of any kind, at any companies terminal, and anywhere in the world.
Thanks.
I just studied it and I think I understand it. :-)
100 oz. bars flying off the shelves.
No...silver has risen as well...two or three weeks ago a claw clasp, used to connect a bracelet, would cost you $125. to repair! An earring back was at $75. Now that cost has dropped but it’ll likely go up again.
Our clearance items are selling like hotcakes...most pieces 50-80% off.....we’ve noticed an increase in gold buyers making large purchases.
That would be a gold clasp not a silver one. Just for clarity.
That would be a gold clasp not a silver one. Just for clarity.
I just wanted to say, that your post is right on, and I’m thankful for the ones I occassionally see from you. Thanks!
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