Dollar Dropping

[partypup]

[quote=threadkiller]I think the time to buy gold was 5 years ago.[/quote]

5 years ago? It’s gone up $100 in the past 6 months.

Thread, no one is saying that renewable energy and home gardening aren’t vitally necessary or worth investing in. I’m fully on board with you here. One of the first things I plan to buy for my house when I secure my land are solar panels and a greenhouse.

But has it ever occurred to you how you will pay for these items when a dollar-based economy collapses? Your solar/wind generator and drip irrigation equipment are going to double or triple in price. Do you have that kind of cash on hand?

Pity. Because if you have gold, you won’t have to worry about how expensive these items get. They will always be affordable to you as you trade your *real* money for monkey money.

Everything that is tied to the dollar is going to be thrust into turmoil. So unless you have all the food, water, gardening equipment, wind generators, yada yada that you think you’re going to need for the rest of your life, then you need to seriously consider how you’re going to come up with the wheelbarrows of cash to pay for these items. Sounds like you must be independently wealthy. Sadly, I’m not, and I need to figure out how I am going to buy food, water and other life-sustaining items when severe inflation sets in.

You need to think this through more carefully. I don’t think either you or UCGal fully appreciate how difficult it will be to come up with mounds of cash when the dollar fails.

Gold is not meant to be an investment that makes you rich. It is not like investing in a hedge fund or buying pork bellies. Gold isn’t for gamblers. It pays no interest or dividends. Gold is merely the only way to KEEP the value of assets that you have worked hard to accumulate when a currency crisis hits. It’s that’s simple.

[partypup]

Jesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.

I think this may be it, folks. The dollar isn’t even putting up a fight.

As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.

And that’s when the metals fireworks will really begin.

Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.

I’m happy to email the Willie’s Letter to any who are interested.

[partypup]

Jesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.

I think this may be it, folks. The dollar isn’t even putting up a fight.

As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.

And that’s when the metals fireworks will really begin.

Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.

I’m happy to email the Willie’s Letter to any who are interested.

[partypup]

Jesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.

I think this may be it, folks. The dollar isn’t even putting up a fight.

As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.

And that’s when the metals fireworks will really begin.

Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.

I’m happy to email the Willie’s Letter to any who are interested.

[partypup]

Jesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.

I think this may be it, folks. The dollar isn’t even putting up a fight.

As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.

And that’s when the metals fireworks will really begin.

Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.

I’m happy to email the Willie’s Letter to any who are interested.

[partypup]

Jesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.

I think this may be it, folks. The dollar isn’t even putting up a fight.

As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.

And that’s when the metals fireworks will really begin.

Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.

I’m happy to email the Willie’s Letter to any who are interested.

[4plexowner]

Banks and not commodities at risk from China OTC defaults
http://steelguru.com/news/index/2009/09/14/MTExNjIy/Banks_and_not_commodities_at_risk_from_China_OTC_defaults.html

This ‘China walking away from derivatives’ issue is cooking in the background – some analysts think that at least one major US financial entity is on the brink of bankruptcy as a result (perhaps Wells, BofA, JPMorgan?)

China’s threat spurred Obama to play tit-for-tat – you’re going to walk away from derivatives, we’re going to accuse you of dumping tires on the market – China responded by going after US chicken imports – trade wars like this are one of the exacerbating factors of the Great Depression – economies were already in the tank and then trade wars took them down another significant notch

Some analysts think the derivatives that China is threatening to walk away from are the backing for the major (manipulative) short positions in COMEX gold and silver – lose these backing derivatives and the gold and silver markets could explode to where they should be (gold would be at $2600/oz just to match the inflation calculated by the govt’s own CPI calculator (not to mention REAL inflation) – the fact that it is NOT at that price indicates how badly its price has been suppressed)

FYI partypup – Jim’s newsletter is most likely copyrighted – providing copies to people may have legal repercussions and, if nothing else, isn’t fair to Jim – if the Piggs are interested in financial information let them subscribe themselves – Jim publishes snippets of his newsletter at www. 321gold.com for anyone interested

[4plexowner]

Banks and not commodities at risk from China OTC defaults
http://steelguru.com/news/index/2009/09/14/MTExNjIy/Banks_and_not_commodities_at_risk_from_China_OTC_defaults.html

This ‘China walking away from derivatives’ issue is cooking in the background – some analysts think that at least one major US financial entity is on the brink of bankruptcy as a result (perhaps Wells, BofA, JPMorgan?)

China’s threat spurred Obama to play tit-for-tat – you’re going to walk away from derivatives, we’re going to accuse you of dumping tires on the market – China responded by going after US chicken imports – trade wars like this are one of the exacerbating factors of the Great Depression – economies were already in the tank and then trade wars took them down another significant notch

Some analysts think the derivatives that China is threatening to walk away from are the backing for the major (manipulative) short positions in COMEX gold and silver – lose these backing derivatives and the gold and silver markets could explode to where they should be (gold would be at $2600/oz just to match the inflation calculated by the govt’s own CPI calculator (not to mention REAL inflation) – the fact that it is NOT at that price indicates how badly its price has been suppressed)

FYI partypup – Jim’s newsletter is most likely copyrighted – providing copies to people may have legal repercussions and, if nothing else, isn’t fair to Jim – if the Piggs are interested in financial information let them subscribe themselves – Jim publishes snippets of his newsletter at www. 321gold.com for anyone interested

[4plexowner]

Banks and not commodities at risk from China OTC defaults
http://steelguru.com/news/index/2009/09/14/MTExNjIy/Banks_and_not_commodities_at_risk_from_China_OTC_defaults.html

This ‘China walking away from derivatives’ issue is cooking in the background – some analysts think that at least one major US financial entity is on the brink of bankruptcy as a result (perhaps Wells, BofA, JPMorgan?)

China’s threat spurred Obama to play tit-for-tat – you’re going to walk away from derivatives, we’re going to accuse you of dumping tires on the market – China responded by going after US chicken imports – trade wars like this are one of the exacerbating factors of the Great Depression – economies were already in the tank and then trade wars took them down another significant notch

Some analysts think the derivatives that China is threatening to walk away from are the backing for the major (manipulative) short positions in COMEX gold and silver – lose these backing derivatives and the gold and silver markets could explode to where they should be (gold would be at $2600/oz just to match the inflation calculated by the govt’s own CPI calculator (not to mention REAL inflation) – the fact that it is NOT at that price indicates how badly its price has been suppressed)

FYI partypup – Jim’s newsletter is most likely copyrighted – providing copies to people may have legal repercussions and, if nothing else, isn’t fair to Jim – if the Piggs are interested in financial information let them subscribe themselves – Jim publishes snippets of his newsletter at www. 321gold.com for anyone interested

[4plexowner]

Banks and not commodities at risk from China OTC defaults
http://steelguru.com/news/index/2009/09/14/MTExNjIy/Banks_and_not_commodities_at_risk_from_China_OTC_defaults.html

This ‘China walking away from derivatives’ issue is cooking in the background – some analysts think that at least one major US financial entity is on the brink of bankruptcy as a result (perhaps Wells, BofA, JPMorgan?)

China’s threat spurred Obama to play tit-for-tat – you’re going to walk away from derivatives, we’re going to accuse you of dumping tires on the market – China responded by going after US chicken imports – trade wars like this are one of the exacerbating factors of the Great Depression – economies were already in the tank and then trade wars took them down another significant notch

Some analysts think the derivatives that China is threatening to walk away from are the backing for the major (manipulative) short positions in COMEX gold and silver – lose these backing derivatives and the gold and silver markets could explode to where they should be (gold would be at $2600/oz just to match the inflation calculated by the govt’s own CPI calculator (not to mention REAL inflation) – the fact that it is NOT at that price indicates how badly its price has been suppressed)

FYI partypup – Jim’s newsletter is most likely copyrighted – providing copies to people may have legal repercussions and, if nothing else, isn’t fair to Jim – if the Piggs are interested in financial information let them subscribe themselves – Jim publishes snippets of his newsletter at www. 321gold.com for anyone interested

[4plexowner]

Banks and not commodities at risk from China OTC defaults
http://steelguru.com/news/index/2009/09/14/MTExNjIy/Banks_and_not_commodities_at_risk_from_China_OTC_defaults.html

This ‘China walking away from derivatives’ issue is cooking in the background – some analysts think that at least one major US financial entity is on the brink of bankruptcy as a result (perhaps Wells, BofA, JPMorgan?)

China’s threat spurred Obama to play tit-for-tat – you’re going to walk away from derivatives, we’re going to accuse you of dumping tires on the market – China responded by going after US chicken imports – trade wars like this are one of the exacerbating factors of the Great Depression – economies were already in the tank and then trade wars took them down another significant notch

Some analysts think the derivatives that China is threatening to walk away from are the backing for the major (manipulative) short positions in COMEX gold and silver – lose these backing derivatives and the gold and silver markets could explode to where they should be (gold would be at $2600/oz just to match the inflation calculated by the govt’s own CPI calculator (not to mention REAL inflation) – the fact that it is NOT at that price indicates how badly its price has been suppressed)

FYI partypup – Jim’s newsletter is most likely copyrighted – providing copies to people may have legal repercussions and, if nothing else, isn’t fair to Jim – if the Piggs are interested in financial information let them subscribe themselves – Jim publishes snippets of his newsletter at www. 321gold.com for anyone interested

[4plexowner]

How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426

this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch

[4plexowner]

How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426

this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch

[4plexowner]

How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426

this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch

[4plexowner]

How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426

this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch

[Author]

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