I Want You to Survive

Off Topic Politics, World Issues
21

[quote]Headhunter wrote:

Buy gold or (preferably) silver.

Think of it as buying insurance then. I’m simply saying to buy insurance. 'kay??[/quote]

If you think that buying Gold and Silver is such a great idea, why are you encouraging everyone else to do it, and thus (potentially) inflating the price of it, which is to your detriment if you want to buy some/more, but is to your advantage if you want to sell it?

Either you are a terrible investor with really bad strategies, or you really want to inflate the price of metals so you can cash out at the top. Which is it?

22

[quote]Headhunter wrote:

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

No conspiracy theory, just math. Jeezs how simple can it get?[/quote]

Your precious “market oracle” clown keeps talking about the “war machine” and how Greenspan intentionally inflated the bubble for his own gain (and then ducked out right before the crash). Get better information.

The math is there - but corporate assets have tended to track inflation (and absorb it). Go ahead and buy up your gold and metals while you can. We need more conspiracy nuts to take their money out of the market so I can buy stocks cheaper.[/quote]

How will the 14 trillion dollar debt be paid? What happens when the interest on debt exceeds tax revenues?

Gov’t will have to tap into capital (consuming the ‘seed corn’ so to speak) or default on the debt.

Buy gold or (preferably) silver.

Think of it as buying insurance then. I’m simply saying to buy insurance. 'kay??
[/quote]

See buying metals, and some other commodities, as insurance makes sense and always has. Shrieking “WE"RE DOOMED!!!” and saying people shouldn’t diversify is madness.

There is a difference…

23

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Buy gold or (preferably) silver.

Think of it as buying insurance then. I’m simply saying to buy insurance. 'kay??[/quote]

If you think that buying Gold and Silver is such a great idea, why are you encouraging everyone else to do it, and thus (potentially) inflating the price of it, which is to your detriment if you want to buy some/more, but is to your advantage if you want to sell it?

Either you are a terrible investor with really bad strategies, or you really want to inflate the price of metals so you can cash out at the top. Which is it?[/quote]

Neither. Told you before – I want you to survive and prosper. When fiat money goes the way of all fiat money, when the phrase ‘Not worth a Continental’ gets replaced with ‘Not worth a dollar’, I want America to prosper. It can only do so if enough people have REAL money around to get things going again.

You can think of it as buying insurance if that comforts you. Or you can think of it as not allowing your money, the product of your virtue, to serve the cause of vice.

Do you really want the product of your efforts, the result of your best efforts, to support Nancy Pelosi? Harry Reid? Barney Frank? Barack Obama?

“You wouldn’t allow an ounce of impurity into your metal, Mr. Reardon. What have you allowed into your moral code?” (from memory).

24

[quote]Headhunter wrote:

Neither. Told you before – I want you to survive and prosper. When fiat money goes the way of all fiat money, when the phrase ‘Not worth a Continental’ gets replaced with ‘Not worth a dollar’, I want America to prosper. It can only do so if enough people have REAL money around to get things going again.[/quote]

Gold and silver aren’t real money, and they won’t be in the event of your doomsday scenario, if for no other reason than (1) the government has most of the gold, and (2) people have no interest in weightly precious metals being the medium of exchange, particularly in light of the other options available.

i’d be just as smart buying aluminum or wood, because it is just as viable as a future currency as anything else.

Uh, my money supports companies that generate positive income flows, in addition to diversfiying with commodities. The product of anyone’s efforts - including your buys and sells of gold - get taxed. Your buying the worshipful gold won’t fix that.

No one cares about another bad quote from a bad writer and worse philosopher. By all means, go buy gold and silver. Please buy more of them. Last I checked, silver is at an historic high - I’ll happily short it.

25

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Neither. Told you before – I want you to survive and prosper. When fiat money goes the way of all fiat money, when the phrase ‘Not worth a Continental’ gets replaced with ‘Not worth a dollar’, I want America to prosper. It can only do so if enough people have REAL money around to get things going again.[/quote]

Gold and silver aren’t real money, and they won’t be in the event of your doomsday scenario, if for no other reason than (1) the government has most of the gold, and (2) people have no interest in weightly precious metals being the medium of exchange, particularly in light of the other options available.

i’d be just as smart buying aluminum or wood, because it is just as viable as a future currency as anything else.

Uh, my money supports companies that generate positive income flows, in addition to diversfiying with commodities. The product of anyone’s efforts - including your buys and sells of gold - get taxed. Your buying the worshipful gold won’t fix that.

No one cares about another bad quote from a bad writer and worse philosopher. By all means, go buy gold and silver. Please buy more of them. Last I checked, silver is at an historic high - I’ll happily short it.
[/quote]

Argument dismantled. /thread

26

[quote]PAINTRAINDave wrote:

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Neither. Told you before – I want you to survive and prosper. When fiat money goes the way of all fiat money, when the phrase ‘Not worth a Continental’ gets replaced with ‘Not worth a dollar’, I want America to prosper. It can only do so if enough people have REAL money around to get things going again.[/quote]

Gold and silver aren’t real money, and they won’t be in the event of your doomsday scenario, if for no other reason than (1) the government has most of the gold, and (2) people have no interest in weightly precious metals being the medium of exchange, particularly in light of the other options available.

i’d be just as smart buying aluminum or wood, because it is just as viable as a future currency as anything else.

Uh, my money supports companies that generate positive income flows, in addition to diversfiying with commodities. The product of anyone’s efforts - including your buys and sells of gold - get taxed. Your buying the worshipful gold won’t fix that.

No one cares about another bad quote from a bad writer and worse philosopher. By all means, go buy gold and silver. Please buy more of them. Last I checked, silver is at an historic high - I’ll happily short it.
[/quote]

Argument dismantled. /thread
[/quote]

haha thats saying a bit much. if you think gold and silver are too heavy to be used as money, you need to hit the weights and read a history book. And if you think HH is trying to pump and dump by posting on a weightlifting message board, I dont know what to tell you…

I am coming to see our future being very Argentina-esque, “earning pesos and paying dollars”. We will be earning dollars and spending pre-1964 half dollar pieces. Not mad max, but purchasing power going through the floor.

27

[quote]milktruck wrote:

haha thats saying a bit much. if you think gold and silver are too heavy to be used as money, you need to hit the weights and read a history book.[/quote]

The problem isn’t just the weight, it’s the cumbersome inadequacy of a medium that can’t operate in an economy that expects to have near-instantaneous transactions.

I don’t know what HH is doing, but few things could explain why someone would come on PWI and parrot a conspiracy nut’s “financial tips” to buy gold, buy gold, buy gold. At least a pump-and-dump scheme would be rational, if unlikely to succeed all that well.

And as for Doomsday idiocy, assuming we were in such an apocalypic scenario, why in the Hell would we pick the one commodity that the US government (and governments generally) has so much of that when Doomsday breaks out, the government(s) has the most wealth? If anything, we’d run as far away from gold as possible.

But then, trying to discover common sense or reason in the fever swamps of conspiracy nutbars is a hobby I gave up long ago.

28

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Neither. Told you before – I want you to survive and prosper. When fiat money goes the way of all fiat money, when the phrase ‘Not worth a Continental’ gets replaced with ‘Not worth a dollar’, I want America to prosper. It can only do so if enough people have REAL money around to get things going again.[/quote]

Gold and silver aren’t real money,
[/quote]

Wow! Uh…okay…

Did you really just say that? Well, what’s money on your planet, Grok?

Wow!!

29

[quote]thunderbolt23 wrote:

[quote]milktruck wrote:

haha thats saying a bit much. if you think gold and silver are too heavy to be used as money, you need to hit the weights and read a history book.[/quote]

The problem isn’t just the weight, it’s the cumbersome inadequacy of a medium that can’t operate in an economy that expects to have near-instantaneous transactions.

I don’t know what HH is doing, but few things could explain why someone would come on PWI and parrot a conspiracy nut’s “financial tips” to buy gold, buy gold, buy gold. At least a pump-and-dump scheme would be rational, if unlikely to succeed all that well.

And as for Doomsday idiocy, assuming we were in such an apocalypic scenario, why in the Hell would we pick the one commodity that the US government (and governments generally) has so much of that when Doomsday breaks out, the government(s) has the most wealth? If anything, we’d run as far away from gold as possible.

But then, trying to discover common sense or reason in the fever swamps of conspiracy nutbars is a hobby I gave up long ago.[/quote]

No one forced you to comment. Are you afraid I might be right?

If its conspiracy nuttiness, why do you post? You know your system of fiat nonsense is doomed?

Your fear is palpable.

30

[quote]PAINTRAINDave wrote:
1.) Go to Market Oracle and look at articles that are a year old, or hell, even a month old.

2.) Compare the predictions to what actually happened.

3.) Laugh out loud.

4.) TAKE A STEP BACK FROM THE DESK AND PUNCH YOURSELF IN THE FACE.

5.) Profit?[/quote]

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007647/qe2-in-round-trillions/

"Here is a back-of-an-envelope guess by David Greenlaw at Morgan Stanley on what the Fed can expect from a second blitz of bond purchases, or `Shock & Aweâ?? as he calls it.

If Ben Bernanke does a further $2 trillion (on top of the $1.7 trillion already in the bag) the yield on 10-year US Treasuries will drop 50 basis points to around 2.2pc.

GDP growth will be 0.3pc higher than otherwise in 2011 and 0.4pc higher in 2012.

The unemployment rate will be 0.3pc lower in 2011 and 0.5pc lower in 2012 â?? (in other words drop from 9.6pc to 9.1pc, ceteris paribus).

That looks like trivial returns for a collosal adventure into the unknown, with risks of dollar flight and mounting Chinese suspicions that the US intends to default on its external debts by debasement."

31

[quote]Headhunter wrote:

Wow! Uh…okay…

Did you really just say that? Well, what’s money on your planet, Grok?

Wow!![/quote]

I have never once exchanged goods or services by transfer of gold coin or promise that gold bullion will arrive on a doorstep to pay.

And yet, as I look around my room, my house, and my yard, I see lots of stuff that I have bought.

Gold is a thing. It’s as much “money” as is a basket of apples, a semi-conductor or a bag of cat litter.

32

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Wow! Uh…okay…

Did you really just say that? Well, what’s money on your planet, Grok?

Wow!![/quote]

I have never once exchanged goods or services by transfer of gold coin or promise that gold bullion will arrive on a doorstep to pay.

And yet, as I look around my room, my house, and my yard, I see lots of stuff that I have bought.

Gold is a thing. It’s as much “money” as is a basket of apples, a semi-conductor or a bag of cat litter.[/quote]

“Savages take gold and replace it with counterfeit pieces of paper and demand that you call it ‘money’.”

LOL! x 1000

33

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Wow! Uh…okay…

Did you really just say that? Well, what’s money on your planet, Grok?

Wow!![/quote]

I have never once exchanged goods or services by transfer of gold coin or promise that gold bullion will arrive on a doorstep to pay.

And yet, as I look around my room, my house, and my yard, I see lots of stuff that I have bought.

Gold is a thing. It’s as much “money” as is a basket of apples, a semi-conductor or a bag of cat litter.[/quote]

But it is durable, easily divisible, scarce and shiny.

Therefore people tend to fall back on it in ways they never do with apples and semi-conductors or litter.

Which makes it primarily a means of exchange in the absence of fiat money, i.e. it is as close to real money as anything is going to get.

34

[quote]orion wrote:

But it is…shiny.

[/quote]

I think that is why HH likes gold so much. Kind of like a racoon and piece of foil.

35

[quote]Dustin wrote:

[quote]orion wrote:

But it is…shiny.

[/quote]

I think that is why HH likes gold so much. Kind of like a racoon and piece of foil.[/quote]

Okay, that was extremely funny.

36

Out of curiousity,

why don’t you gold bugs own a small stash of personal gold and silver coins and then do a combination of owning mines while also writing options on gold and silver trusts for the long haul? That way
if the dollar doesn’t implode, you at the very least get cash out of it in the short run?

I would think buying a call would be one of the easiest ways to increase your net worth in the short run with very little capital required.

37

[quote]orion wrote:

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Wow! Uh…okay…

Did you really just say that? Well, what’s money on your planet, Grok?

Wow!![/quote]

I have never once exchanged goods or services by transfer of gold coin or promise that gold bullion will arrive on a doorstep to pay.

And yet, as I look around my room, my house, and my yard, I see lots of stuff that I have bought.

Gold is a thing. It’s as much “money” as is a basket of apples, a semi-conductor or a bag of cat litter.[/quote]

But it is durable, easily divisible, scarce and shiny.

Therefore people tend to fall back on it in ways they never do with apples and semi-conductors or litter.

Which makes it primarily a means of exchange in the absence of fiat money, i.e. it is as close to real money as anything is going to get.

[/quote]

Arg, I can’t remember what text it was concerning the properties of money and how and why certain commodities come to be a medium of exchange. The main traits where divisibility, scarcity, and durability, gold fits these nicely and it is for these reasons it has always been a very popular medium of exchange.

38

Gold is over $1300/0unce. The dollar is collapsing. Debt is crushing us and the lenders are becoming wary.

The Great Collapse is getting closer, much closer.

39

[quote]Headhunter wrote:
Gold is over $1300/0unce. The dollar is collapsing. Debt is crushing us and the lenders are becoming wary.

The Great Collapse is getting closer, much closer.

[/quote]

The sky is falling the sky is falling, it hit me on the head!

Chicken Little

40

[quote]thunderbolt23 wrote:

[quote]Headhunter wrote:

Neither. Told you before – I want you to survive and prosper. When fiat money goes the way of all fiat money, when the phrase ‘Not worth a Continental’ gets replaced with ‘Not worth a dollar’, I want America to prosper. It can only do so if enough people have REAL money around to get things going again.[/quote]

Gold and silver aren’t real money, and they won’t be in the event of your doomsday scenario, if for no other reason than (1) the government has most of the gold, and (2) people have no interest in weightly precious metals being the medium of exchange, particularly in light of the other options available.

i’d be just as smart buying aluminum or wood, because it is just as viable as a future currency as anything else.

Uh, my money supports companies that generate positive income flows, in addition to diversfiying with commodities. The product of anyone’s efforts - including your buys and sells of gold - get taxed. Your buying the worshipful gold won’t fix that.

No one cares about another bad quote from a bad writer and worse philosopher. By all means, go buy gold and silver. Please buy more of them. Last I checked, silver is at an historic high - I’ll happily short it.
[/quote]

DUDE!! Stop using reason and logic and stuff, you know when the zombie hoards are at their peak the only thing you would accept as payment is a heavy, bulky metal that isn’t in the shape of a bullet