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  • January 23, 2009 at 9:19 PM #14898
    socrattt
    Participant

    I haven’t posted much in the last few months as I have been sitting on the sidelines watching the many posts on Obama and the current state of the markets.

    Unfortunately I have been paying attention to what is going on in the world around us and my old doomsday posts are becoming much more of a likely possibility. The current state of the UK economy is extremely grim and we are right behind them.

    I am not sure how many of you invest in the commodity markets, but today was an extremely telling day! Gold and Silver up almost 5% today and I believe stocks are on the verge of another meltdown. I called the DOW at 8,000 with two of my financial advisors 18 months ago and they both laughed at me. Being that I have been heavily invested in different forms of real estate for years I could only assume the stock market would parrallel the steep declines of the RE markets.

    In 3 months many people on this board will see the true realization of this country and I hope that you are all prepared financially, mentally and physically. If you think life is tough now, just wait. I urge those who understand the basic idea of an economy that can no longer sustain itself to follow the path that has existed for thousands of years. I am heavily invested in metals (gold and silver) as I feel we will have very little else to fall back on and I hope that those who are sitting on the sidelines with cash do the same.

    January 23, 2009 at 9:23 PM #334421
    4plexowner
    Participant

    performance of the precious metals today was especially good in light of the strength in the dollar

    gold is at or near all time highs in most other currencies

    http://www.jsmineset.com/wp-content/uploads/2009/01/gold-in-various-currencies-chart-1-22-2009.pdf

    January 23, 2009 at 9:23 PM #334752
    4plexowner
    Participant

    performance of the precious metals today was especially good in light of the strength in the dollar

    gold is at or near all time highs in most other currencies

    http://www.jsmineset.com/wp-content/uploads/2009/01/gold-in-various-currencies-chart-1-22-2009.pdf

    January 23, 2009 at 9:23 PM #334838
    4plexowner
    Participant

    performance of the precious metals today was especially good in light of the strength in the dollar

    gold is at or near all time highs in most other currencies

    http://www.jsmineset.com/wp-content/uploads/2009/01/gold-in-various-currencies-chart-1-22-2009.pdf

    January 23, 2009 at 9:23 PM #334864
    4plexowner
    Participant

    performance of the precious metals today was especially good in light of the strength in the dollar

    gold is at or near all time highs in most other currencies

    http://www.jsmineset.com/wp-content/uploads/2009/01/gold-in-various-currencies-chart-1-22-2009.pdf

    January 23, 2009 at 9:23 PM #334948
    4plexowner
    Participant

    performance of the precious metals today was especially good in light of the strength in the dollar

    gold is at or near all time highs in most other currencies

    http://www.jsmineset.com/wp-content/uploads/2009/01/gold-in-various-currencies-chart-1-22-2009.pdf

    January 23, 2009 at 9:33 PM #334426
    peterb
    Participant

    Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.

    January 23, 2009 at 9:33 PM #334757
    peterb
    Participant

    Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.

    January 23, 2009 at 9:33 PM #334843
    peterb
    Participant

    Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.

    January 23, 2009 at 9:33 PM #334869
    peterb
    Participant

    Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.

    January 23, 2009 at 9:33 PM #334953
    peterb
    Participant

    Gold and the US$ did well today….who’d a thunk it?! I think this is fear speaking to the market. Stocks are hurting and the US$ and gold rising. The market is starting to treat gold like honest money and the US$ as at least as good as the other fiats, if not better. Govt policies are going to ZIRP on fiat currencies. These guys are scared and this is their answer to solve the problem. Make money almost free to the banks. Only one problem, the banks are insolvent. Perhaps if the govts’ get crazy enough, they’ll destabilize their currencies? It’s a possibility that favours gold.

    January 23, 2009 at 9:48 PM #334441
    Arraya
    Participant

    I concur. We must be reading the same tea leaves.

    January 23, 2009 at 9:48 PM #334772
    Arraya
    Participant

    I concur. We must be reading the same tea leaves.

    January 23, 2009 at 9:48 PM #334857
    Arraya
    Participant

    I concur. We must be reading the same tea leaves.

    January 23, 2009 at 9:48 PM #334883
    Arraya
    Participant

    I concur. We must be reading the same tea leaves.

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