Dollar Dropping

[Eugene]

FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.

[socrattt]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Betting on Eugene’s advice is like betting the Raiders will ever beat the Chargers no matter how bad the Chargers look!

Eugene is clueless and the rumor mill has it he will soon be appointed the precious metals czar with all his incredible insight!!

Nothing in life is a sure bet, except for death (it seems like some are still able to avoid taxes). Invest on instinct and be weary of advice, especially from Eugene. He is only 7, but has managed to put some nice sentences together. Congrats Eugene!!

[socrattt]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Betting on Eugene’s advice is like betting the Raiders will ever beat the Chargers no matter how bad the Chargers look!

Eugene is clueless and the rumor mill has it he will soon be appointed the precious metals czar with all his incredible insight!!

Nothing in life is a sure bet, except for death (it seems like some are still able to avoid taxes). Invest on instinct and be weary of advice, especially from Eugene. He is only 7, but has managed to put some nice sentences together. Congrats Eugene!!

[socrattt]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Betting on Eugene’s advice is like betting the Raiders will ever beat the Chargers no matter how bad the Chargers look!

Eugene is clueless and the rumor mill has it he will soon be appointed the precious metals czar with all his incredible insight!!

Nothing in life is a sure bet, except for death (it seems like some are still able to avoid taxes). Invest on instinct and be weary of advice, especially from Eugene. He is only 7, but has managed to put some nice sentences together. Congrats Eugene!!

[socrattt]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Betting on Eugene’s advice is like betting the Raiders will ever beat the Chargers no matter how bad the Chargers look!

Eugene is clueless and the rumor mill has it he will soon be appointed the precious metals czar with all his incredible insight!!

Nothing in life is a sure bet, except for death (it seems like some are still able to avoid taxes). Invest on instinct and be weary of advice, especially from Eugene. He is only 7, but has managed to put some nice sentences together. Congrats Eugene!!

[socrattt]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Betting on Eugene’s advice is like betting the Raiders will ever beat the Chargers no matter how bad the Chargers look!

Eugene is clueless and the rumor mill has it he will soon be appointed the precious metals czar with all his incredible insight!!

Nothing in life is a sure bet, except for death (it seems like some are still able to avoid taxes). Invest on instinct and be weary of advice, especially from Eugene. He is only 7, but has managed to put some nice sentences together. Congrats Eugene!!

[partypup]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Eugene, care to take a bet on where the price of metals will be by the end of 2010? I say gold holds above $1000 and silver holds above $16.

I actually expect them to increase substantially, but for betting purposes I’d go with these numbers.

Care to put your money where your mouth is? We can arrange for paypal payment 🙂

[partypup]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Eugene, care to take a bet on where the price of metals will be by the end of 2010? I say gold holds above $1000 and silver holds above $16.

I actually expect them to increase substantially, but for betting purposes I’d go with these numbers.

Care to put your money where your mouth is? We can arrange for paypal payment 🙂

[partypup]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Eugene, care to take a bet on where the price of metals will be by the end of 2010? I say gold holds above $1000 and silver holds above $16.

I actually expect them to increase substantially, but for betting purposes I’d go with these numbers.

Care to put your money where your mouth is? We can arrange for paypal payment 🙂

[partypup]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Eugene, care to take a bet on where the price of metals will be by the end of 2010? I say gold holds above $1000 and silver holds above $16.

I actually expect them to increase substantially, but for betting purposes I’d go with these numbers.

Care to put your money where your mouth is? We can arrange for paypal payment 🙂

[partypup]

[quote=Eugene]FYI, 100% metals is a 100% losing bet. Precious metals are in a bubble that has yet to deflate. I expect a 50% decline in the value of gold and a 30% decline in the value of silver by the end of 2010.

Some metals are fairly valued. You could buy a few tons of titanium scrap (~$3000/ton) and store it in a shed in your backyard.[/quote]

Eugene, care to take a bet on where the price of metals will be by the end of 2010? I say gold holds above $1000 and silver holds above $16.

I actually expect them to increase substantially, but for betting purposes I’d go with these numbers.

Care to put your money where your mouth is? We can arrange for paypal payment 🙂

[partypup]

[quote=MountainBound]PartyPup,

Ok, here’s my problem. I happen to agree with your forecast of upcoming doom, however so far the US Fed has been able to ward off the fundamentals and continue with the Wall Street corruption. It seems like with the MSM propaganda machine they can continue the ruse forever.

Now, tell me in simple terms, how does one go abouit protecting their cash? Doesn’t seem like 100% metals is a sure bet.

Give it to me straight.

Thanks[/quote]

Mountain, I hate to break it to you, but there are NO sure bets to protect your assets from what is coming. Metals are not 100% protection. But I firmly believe they are hands-down the best protection because all things paper are going to go *poof*! If you haven’t detected it, there is a rapidly-growing fear of paper financial instruments around the world. The fear is more palpable in foreign countries now, and that stems primarily from the impending dollar collapse that many now expect. The dollar’s collapse will literally drag down anything fiat.

While it may appear that the MSM can spin good news forever, that isn’t the case. We are now coming to the end of denial and the end of metals manipulation. The Plunge Protection Team has worked tirelessly over the past few decades to suppress the price of metals. And yet they are rising in spite of their efforts. Do you really think the PPT wants gold at $1000? Absolutely not. But from what I have been hearing, COMEX is in grave danger of failing very soon because there simply isn’t enough physical metal to back the amounts that have been sold. So as soon as the first hint of serious dollar trouble begins, the flight to the exit will be on. Huge calls for physical delivery will be made, and they cannot possibly be met. Metals have been leveraged by firms and investors in much the same way that derivative products were. So at the end of the day, the price must rise to reflect the absence of inventory.

For your own protection, why not at least put a portion (say 1/4) of your portfolio in metals? If Eugene is right (and I seriously doubt it), you will only have a minority of your assets at risk. But if I’m right and the dollar is devalued 50-75%, gold and silver will rise accordingly.

[partypup]

[quote=MountainBound]PartyPup,

Ok, here’s my problem. I happen to agree with your forecast of upcoming doom, however so far the US Fed has been able to ward off the fundamentals and continue with the Wall Street corruption. It seems like with the MSM propaganda machine they can continue the ruse forever.

Now, tell me in simple terms, how does one go abouit protecting their cash? Doesn’t seem like 100% metals is a sure bet.

Give it to me straight.

Thanks[/quote]

Mountain, I hate to break it to you, but there are NO sure bets to protect your assets from what is coming. Metals are not 100% protection. But I firmly believe they are hands-down the best protection because all things paper are going to go *poof*! If you haven’t detected it, there is a rapidly-growing fear of paper financial instruments around the world. The fear is more palpable in foreign countries now, and that stems primarily from the impending dollar collapse that many now expect. The dollar’s collapse will literally drag down anything fiat.

While it may appear that the MSM can spin good news forever, that isn’t the case. We are now coming to the end of denial and the end of metals manipulation. The Plunge Protection Team has worked tirelessly over the past few decades to suppress the price of metals. And yet they are rising in spite of their efforts. Do you really think the PPT wants gold at $1000? Absolutely not. But from what I have been hearing, COMEX is in grave danger of failing very soon because there simply isn’t enough physical metal to back the amounts that have been sold. So as soon as the first hint of serious dollar trouble begins, the flight to the exit will be on. Huge calls for physical delivery will be made, and they cannot possibly be met. Metals have been leveraged by firms and investors in much the same way that derivative products were. So at the end of the day, the price must rise to reflect the absence of inventory.

For your own protection, why not at least put a portion (say 1/4) of your portfolio in metals? If Eugene is right (and I seriously doubt it), you will only have a minority of your assets at risk. But if I’m right and the dollar is devalued 50-75%, gold and silver will rise accordingly.

[partypup]

[quote=MountainBound]PartyPup,

Ok, here’s my problem. I happen to agree with your forecast of upcoming doom, however so far the US Fed has been able to ward off the fundamentals and continue with the Wall Street corruption. It seems like with the MSM propaganda machine they can continue the ruse forever.

Now, tell me in simple terms, how does one go abouit protecting their cash? Doesn’t seem like 100% metals is a sure bet.

Give it to me straight.

Thanks[/quote]

Mountain, I hate to break it to you, but there are NO sure bets to protect your assets from what is coming. Metals are not 100% protection. But I firmly believe they are hands-down the best protection because all things paper are going to go *poof*! If you haven’t detected it, there is a rapidly-growing fear of paper financial instruments around the world. The fear is more palpable in foreign countries now, and that stems primarily from the impending dollar collapse that many now expect. The dollar’s collapse will literally drag down anything fiat.

While it may appear that the MSM can spin good news forever, that isn’t the case. We are now coming to the end of denial and the end of metals manipulation. The Plunge Protection Team has worked tirelessly over the past few decades to suppress the price of metals. And yet they are rising in spite of their efforts. Do you really think the PPT wants gold at $1000? Absolutely not. But from what I have been hearing, COMEX is in grave danger of failing very soon because there simply isn’t enough physical metal to back the amounts that have been sold. So as soon as the first hint of serious dollar trouble begins, the flight to the exit will be on. Huge calls for physical delivery will be made, and they cannot possibly be met. Metals have been leveraged by firms and investors in much the same way that derivative products were. So at the end of the day, the price must rise to reflect the absence of inventory.

For your own protection, why not at least put a portion (say 1/4) of your portfolio in metals? If Eugene is right (and I seriously doubt it), you will only have a minority of your assets at risk. But if I’m right and the dollar is devalued 50-75%, gold and silver will rise accordingly.

[partypup]

[quote=MountainBound]PartyPup,

Ok, here’s my problem. I happen to agree with your forecast of upcoming doom, however so far the US Fed has been able to ward off the fundamentals and continue with the Wall Street corruption. It seems like with the MSM propaganda machine they can continue the ruse forever.

Now, tell me in simple terms, how does one go abouit protecting their cash? Doesn’t seem like 100% metals is a sure bet.

Give it to me straight.

Thanks[/quote]

Mountain, I hate to break it to you, but there are NO sure bets to protect your assets from what is coming. Metals are not 100% protection. But I firmly believe they are hands-down the best protection because all things paper are going to go *poof*! If you haven’t detected it, there is a rapidly-growing fear of paper financial instruments around the world. The fear is more palpable in foreign countries now, and that stems primarily from the impending dollar collapse that many now expect. The dollar’s collapse will literally drag down anything fiat.

While it may appear that the MSM can spin good news forever, that isn’t the case. We are now coming to the end of denial and the end of metals manipulation. The Plunge Protection Team has worked tirelessly over the past few decades to suppress the price of metals. And yet they are rising in spite of their efforts. Do you really think the PPT wants gold at $1000? Absolutely not. But from what I have been hearing, COMEX is in grave danger of failing very soon because there simply isn’t enough physical metal to back the amounts that have been sold. So as soon as the first hint of serious dollar trouble begins, the flight to the exit will be on. Huge calls for physical delivery will be made, and they cannot possibly be met. Metals have been leveraged by firms and investors in much the same way that derivative products were. So at the end of the day, the price must rise to reflect the absence of inventory.

For your own protection, why not at least put a portion (say 1/4) of your portfolio in metals? If Eugene is right (and I seriously doubt it), you will only have a minority of your assets at risk. But if I’m right and the dollar is devalued 50-75%, gold and silver will rise accordingly.

[Author]

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