Dollar Dropping

[partypup]

[quote=Eugene]Upon some contemplation, I’ve decided to drop my forecast regarding gold & silver prices. Any offers regarding bets, pro or con precious metals, shall also become null and void.[/quote]
For a guy who has been arguing pretty strongly for a significant precious metals drop in 2010, your announcement comes as a bit of a surprise to me, Eugene. May I ask what have you been contemplating? What has changed your forecast? Inquiring minds want to know.

[4plexowner]

“do you all think these are more tangible than “paper” etf metals or do you think they carry the same level of risk”

here’s what I am telling family and friends:

take whatever it is that you consider to be your wealth and hold it in your hands

if you are holding paper then at least 70% of its value is going to disappear over the next decade

stocks, bonds, real estate equity, annuities, etc

~

last time I checked the only way to have non-paper precious metals investments was to have non-paper precious metals investments …

[4plexowner]

“do you all think these are more tangible than “paper” etf metals or do you think they carry the same level of risk”

here’s what I am telling family and friends:

take whatever it is that you consider to be your wealth and hold it in your hands

if you are holding paper then at least 70% of its value is going to disappear over the next decade

stocks, bonds, real estate equity, annuities, etc

~

last time I checked the only way to have non-paper precious metals investments was to have non-paper precious metals investments …

[4plexowner]

“do you all think these are more tangible than “paper” etf metals or do you think they carry the same level of risk”

here’s what I am telling family and friends:

take whatever it is that you consider to be your wealth and hold it in your hands

if you are holding paper then at least 70% of its value is going to disappear over the next decade

stocks, bonds, real estate equity, annuities, etc

~

last time I checked the only way to have non-paper precious metals investments was to have non-paper precious metals investments …

[4plexowner]

“do you all think these are more tangible than “paper” etf metals or do you think they carry the same level of risk”

here’s what I am telling family and friends:

take whatever it is that you consider to be your wealth and hold it in your hands

if you are holding paper then at least 70% of its value is going to disappear over the next decade

stocks, bonds, real estate equity, annuities, etc

~

last time I checked the only way to have non-paper precious metals investments was to have non-paper precious metals investments …

[4plexowner]

“do you all think these are more tangible than “paper” etf metals or do you think they carry the same level of risk”

here’s what I am telling family and friends:

take whatever it is that you consider to be your wealth and hold it in your hands

if you are holding paper then at least 70% of its value is going to disappear over the next decade

stocks, bonds, real estate equity, annuities, etc

~

last time I checked the only way to have non-paper precious metals investments was to have non-paper precious metals investments …

[Eugene]

[quote]
For a guy who has been arguing pretty strongly for a significant precious metals drop in 2010, your announcement comes as a bit of a surprise to me, Eugene. May I ask what have you been contemplating? What has changed your forecast? Inquiring minds want to know. [/quote]

It’s mostly the fact that my religious principles instruct me to be non-confrontational and non-dualistic. Also, I’m willing to admit that there’s more to the universe than catches my eye. There are no specific arguments affecting my forecast.

[Eugene]

[quote]
For a guy who has been arguing pretty strongly for a significant precious metals drop in 2010, your announcement comes as a bit of a surprise to me, Eugene. May I ask what have you been contemplating? What has changed your forecast? Inquiring minds want to know. [/quote]

It’s mostly the fact that my religious principles instruct me to be non-confrontational and non-dualistic. Also, I’m willing to admit that there’s more to the universe than catches my eye. There are no specific arguments affecting my forecast.

[Eugene]

[quote]
For a guy who has been arguing pretty strongly for a significant precious metals drop in 2010, your announcement comes as a bit of a surprise to me, Eugene. May I ask what have you been contemplating? What has changed your forecast? Inquiring minds want to know. [/quote]

It’s mostly the fact that my religious principles instruct me to be non-confrontational and non-dualistic. Also, I’m willing to admit that there’s more to the universe than catches my eye. There are no specific arguments affecting my forecast.

[Eugene]

[quote]
For a guy who has been arguing pretty strongly for a significant precious metals drop in 2010, your announcement comes as a bit of a surprise to me, Eugene. May I ask what have you been contemplating? What has changed your forecast? Inquiring minds want to know. [/quote]

It’s mostly the fact that my religious principles instruct me to be non-confrontational and non-dualistic. Also, I’m willing to admit that there’s more to the universe than catches my eye. There are no specific arguments affecting my forecast.

[Eugene]

[quote]
For a guy who has been arguing pretty strongly for a significant precious metals drop in 2010, your announcement comes as a bit of a surprise to me, Eugene. May I ask what have you been contemplating? What has changed your forecast? Inquiring minds want to know. [/quote]

It’s mostly the fact that my religious principles instruct me to be non-confrontational and non-dualistic. Also, I’m willing to admit that there’s more to the universe than catches my eye. There are no specific arguments affecting my forecast.

[4plexowner]

[img_assist|nid=11903|title=Dollar Downtrend|desc=|link=node|align=left|width=400|height=208]

remember our lesson earlier where we learned what a “downtrend” was?

it’s still continuing – that’s the US dollar poking through its support at the 0.765 level – next support at 0.74
~

“drop my forecast regarding gold & silver prices”

might that have something to do with gold being at $1020 and silver at $17.30 this morning?

don’t give up, Eugene, trying to knock some sense into your thick skull has been fun

[4plexowner]

[img_assist|nid=11903|title=Dollar Downtrend|desc=|link=node|align=left|width=400|height=208]

remember our lesson earlier where we learned what a “downtrend” was?

it’s still continuing – that’s the US dollar poking through its support at the 0.765 level – next support at 0.74
~

“drop my forecast regarding gold & silver prices”

might that have something to do with gold being at $1020 and silver at $17.30 this morning?

don’t give up, Eugene, trying to knock some sense into your thick skull has been fun

[4plexowner]

[img_assist|nid=11903|title=Dollar Downtrend|desc=|link=node|align=left|width=400|height=208]

remember our lesson earlier where we learned what a “downtrend” was?

it’s still continuing – that’s the US dollar poking through its support at the 0.765 level – next support at 0.74
~

“drop my forecast regarding gold & silver prices”

might that have something to do with gold being at $1020 and silver at $17.30 this morning?

don’t give up, Eugene, trying to knock some sense into your thick skull has been fun

[4plexowner]

[img_assist|nid=11903|title=Dollar Downtrend|desc=|link=node|align=left|width=400|height=208]

remember our lesson earlier where we learned what a “downtrend” was?

it’s still continuing – that’s the US dollar poking through its support at the 0.765 level – next support at 0.74
~

“drop my forecast regarding gold & silver prices”

might that have something to do with gold being at $1020 and silver at $17.30 this morning?

don’t give up, Eugene, trying to knock some sense into your thick skull has been fun

[Author]

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