Dollar Dropping

[partypup]

[quote=Eugene
Gold should have crashed below $600 last winter, in proportion with other metals, but the fact that there’s virtually no industrial demand for the metal, and the fact that the existence of GLD allowed gold bugs to scoop up the excess gold on the market (absorbing 500 tons in 6 months), postponed the inevitable crash.[/quote]

I love it. Gold “should have fallen” last winter. Or rather, you THINK it should have fallen. The Plunge Protection team has clearly lost control of the metals markets now. Their manipulation efforts are seriously unraveling. I always knew this day would come – just wasn’t sure when. Eugene, I bid you good luck with your gold short positions. In about 6-12 mos, you are really going to take it in the shorts 😉 COMEX has sold more paper metal than it can possibly keep track of, and when deliveries are called for en masse that can’t possibly be accommodated – when the numbnuts on CNBC finally realize that the dollar is dying and it ain’t coming back – you will see metals rise to new highs. Frightening highs.

I didn’t think you’d take my bet, BTW. That is telling, IMO. I, on the other hand, was willing to put $300 down via PayPal, and am still willing to do so. We can talk and talk to till the cows come home, but the strength of your conviction (or lack thereof) in a coming gold crash is belied by your unwillingness to put any money on the line with me.

[partypup]

[quote=Arraya]Fiat is a grow or die system and their is NO MORE growth. 1 year or 10 years it’s over.[/quote]

That, in a nutshell, sums up just about everything and explains why we are all completely f****d. Thanks, A.

[partypup]

[quote=Arraya]Fiat is a grow or die system and their is NO MORE growth. 1 year or 10 years it’s over.[/quote]

That, in a nutshell, sums up just about everything and explains why we are all completely f****d. Thanks, A.

[partypup]

[quote=Arraya]Fiat is a grow or die system and their is NO MORE growth. 1 year or 10 years it’s over.[/quote]

That, in a nutshell, sums up just about everything and explains why we are all completely f****d. Thanks, A.

[partypup]

[quote=Arraya]Fiat is a grow or die system and their is NO MORE growth. 1 year or 10 years it’s over.[/quote]

That, in a nutshell, sums up just about everything and explains why we are all completely f****d. Thanks, A.

[partypup]

[quote=Arraya]Fiat is a grow or die system and their is NO MORE growth. 1 year or 10 years it’s over.[/quote]

That, in a nutshell, sums up just about everything and explains why we are all completely f****d. Thanks, A.

[4plexowner]

“Here’s a chart that portrays three metals. Two went through the bubble phase and then completely deflated, one is still “stuck”.

too funny – comparing zinc, palladium and gold and expecting them to follow the same trends

in good times this might be reasonable – all the metals act like commodities and rise / fall in a similar manner

in bad times there’s this little affectation that human beings seem to have for this shiny yellow metal called gold

silly quirk, this attraction to gold, but it exists, has existed for thousands of years, and will likely exist for thousands of years into the future

to deny gold’s history or that we are currently living in bad times is really naive

to go short against the only secular bull market currently in force would be stupidity writ large

expand your economic and world view a little – check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals

you’re something else, Eugene!

[4plexowner]

“Here’s a chart that portrays three metals. Two went through the bubble phase and then completely deflated, one is still “stuck”.

too funny – comparing zinc, palladium and gold and expecting them to follow the same trends

in good times this might be reasonable – all the metals act like commodities and rise / fall in a similar manner

in bad times there’s this little affectation that human beings seem to have for this shiny yellow metal called gold

silly quirk, this attraction to gold, but it exists, has existed for thousands of years, and will likely exist for thousands of years into the future

to deny gold’s history or that we are currently living in bad times is really naive

to go short against the only secular bull market currently in force would be stupidity writ large

expand your economic and world view a little – check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals

you’re something else, Eugene!

[4plexowner]

“Here’s a chart that portrays three metals. Two went through the bubble phase and then completely deflated, one is still “stuck”.

too funny – comparing zinc, palladium and gold and expecting them to follow the same trends

in good times this might be reasonable – all the metals act like commodities and rise / fall in a similar manner

in bad times there’s this little affectation that human beings seem to have for this shiny yellow metal called gold

silly quirk, this attraction to gold, but it exists, has existed for thousands of years, and will likely exist for thousands of years into the future

to deny gold’s history or that we are currently living in bad times is really naive

to go short against the only secular bull market currently in force would be stupidity writ large

expand your economic and world view a little – check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals

you’re something else, Eugene!

[4plexowner]

“Here’s a chart that portrays three metals. Two went through the bubble phase and then completely deflated, one is still “stuck”.

too funny – comparing zinc, palladium and gold and expecting them to follow the same trends

in good times this might be reasonable – all the metals act like commodities and rise / fall in a similar manner

in bad times there’s this little affectation that human beings seem to have for this shiny yellow metal called gold

silly quirk, this attraction to gold, but it exists, has existed for thousands of years, and will likely exist for thousands of years into the future

to deny gold’s history or that we are currently living in bad times is really naive

to go short against the only secular bull market currently in force would be stupidity writ large

expand your economic and world view a little – check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals

you’re something else, Eugene!

[4plexowner]

“Here’s a chart that portrays three metals. Two went through the bubble phase and then completely deflated, one is still “stuck”.

too funny – comparing zinc, palladium and gold and expecting them to follow the same trends

in good times this might be reasonable – all the metals act like commodities and rise / fall in a similar manner

in bad times there’s this little affectation that human beings seem to have for this shiny yellow metal called gold

silly quirk, this attraction to gold, but it exists, has existed for thousands of years, and will likely exist for thousands of years into the future

to deny gold’s history or that we are currently living in bad times is really naive

to go short against the only secular bull market currently in force would be stupidity writ large

expand your economic and world view a little – check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals

you’re something else, Eugene!

[Eugene]

[quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[quote]but the strength of your conviction (or lack thereof) in a coming gold crash is belied by your unwillingness to put any money on the line with me.[/quote]

It’s not that I lack conviction in a coming gold crash … it’s that I lack conviction in you. I just don’t see you as trustworthy enough to bet against, especially compared to my broker. No offense. If you can convince a neutral third party (e.g. Rich) to keep money in escrow, then we can talk. I made enough money in the stock market this year, I can afford to lose a couple hundred bucks.

[quote]check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals[/quote]

50 million lemmings can’t be wrong …

[Eugene]

[quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[quote]but the strength of your conviction (or lack thereof) in a coming gold crash is belied by your unwillingness to put any money on the line with me.[/quote]

It’s not that I lack conviction in a coming gold crash … it’s that I lack conviction in you. I just don’t see you as trustworthy enough to bet against, especially compared to my broker. No offense. If you can convince a neutral third party (e.g. Rich) to keep money in escrow, then we can talk. I made enough money in the stock market this year, I can afford to lose a couple hundred bucks.

[quote]check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals[/quote]

50 million lemmings can’t be wrong …

[Eugene]

[quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[quote]but the strength of your conviction (or lack thereof) in a coming gold crash is belied by your unwillingness to put any money on the line with me.[/quote]

It’s not that I lack conviction in a coming gold crash … it’s that I lack conviction in you. I just don’t see you as trustworthy enough to bet against, especially compared to my broker. No offense. If you can convince a neutral third party (e.g. Rich) to keep money in escrow, then we can talk. I made enough money in the stock market this year, I can afford to lose a couple hundred bucks.

[quote]check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals[/quote]

50 million lemmings can’t be wrong …

[Eugene]

[quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[quote]but the strength of your conviction (or lack thereof) in a coming gold crash is belied by your unwillingness to put any money on the line with me.[/quote]

It’s not that I lack conviction in a coming gold crash … it’s that I lack conviction in you. I just don’t see you as trustworthy enough to bet against, especially compared to my broker. No offense. If you can convince a neutral third party (e.g. Rich) to keep money in escrow, then we can talk. I made enough money in the stock market this year, I can afford to lose a couple hundred bucks.

[quote]check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals[/quote]

50 million lemmings can’t be wrong …

[Author]

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