OT: Countdown: Three Weeks to Chaos

[stockstradr]

I’m a die-hard pessimist, but even I couldn’t believe it when an hour ago I just saw the markets trade down another 2% lower in only 30 min. I would have expected the bargain hunters would be dominating by now, but apparently not.

[Arty]

Answer this: if the currency is backed by precious metals, what backs PMs?

Weapons, guns, and a military that we have. Don’t think us been the high and mighty nation of good well. The reason US dollar is THE “reserve currency” is mainly due to that we in theory could go into any country and kill whoever we want, and take their gold while we are at it.

[Arty]

Answer this: if the currency is backed by precious metals, what backs PMs?

Weapons, guns, and a military that we have. Don’t think us been the high and mighty nation of good well. The reason US dollar is THE “reserve currency” is mainly due to that we in theory could go into any country and kill whoever we want, and take their gold while we are at it.

[Arty]

Answer this: if the currency is backed by precious metals, what backs PMs?

Weapons, guns, and a military that we have. Don’t think us been the high and mighty nation of good well. The reason US dollar is THE “reserve currency” is mainly due to that we in theory could go into any country and kill whoever we want, and take their gold while we are at it.

[Arty]

Answer this: if the currency is backed by precious metals, what backs PMs?

Weapons, guns, and a military that we have. Don’t think us been the high and mighty nation of good well. The reason US dollar is THE “reserve currency” is mainly due to that we in theory could go into any country and kill whoever we want, and take their gold while we are at it.

[Arty]

Answer this: if the currency is backed by precious metals, what backs PMs?

Weapons, guns, and a military that we have. Don’t think us been the high and mighty nation of good well. The reason US dollar is THE “reserve currency” is mainly due to that we in theory could go into any country and kill whoever we want, and take their gold while we are at it.

[stockstradr]

Half the thread’s original post was reasonable doomsday scenario, which we should prepare for. The other half of the post was paranoid delusions.

When posting you should really censor out the alarmist fantasy garbage, then people will have more respect for the remaining, more rational content of your post.

I’m amused how you think use of the dollar as the world’s reserve currency will “cease around the end of the 2nd quarter of 2009” – AS IF on cue the millions of existing dollar holders (including countless nations’ foreign reserves) will all dump their dollars in the 2nd quarter of ’09.

Pure nonsense.

It will take years, probably even a decade for the dollar to be fully unseated as the de-facto reserve currency, but you are CORRECT that it will happen eventually. It certainly started this week.

About 75% of my portfolio is now straight GOLD. I cannot believe how much my portfolio has gone up in 48 hours on the back of gold price increases. WOW! Yes, I know it breaks all rules of conservative financial portfolio management to have 3/4 of my money in gold, but hey I understand the risks and accept those risks.

[stockstradr]

Half the thread’s original post was reasonable doomsday scenario, which we should prepare for. The other half of the post was paranoid delusions.

When posting you should really censor out the alarmist fantasy garbage, then people will have more respect for the remaining, more rational content of your post.

I’m amused how you think use of the dollar as the world’s reserve currency will “cease around the end of the 2nd quarter of 2009” – AS IF on cue the millions of existing dollar holders (including countless nations’ foreign reserves) will all dump their dollars in the 2nd quarter of ’09.

Pure nonsense.

It will take years, probably even a decade for the dollar to be fully unseated as the de-facto reserve currency, but you are CORRECT that it will happen eventually. It certainly started this week.

About 75% of my portfolio is now straight GOLD. I cannot believe how much my portfolio has gone up in 48 hours on the back of gold price increases. WOW! Yes, I know it breaks all rules of conservative financial portfolio management to have 3/4 of my money in gold, but hey I understand the risks and accept those risks.

[stockstradr]

Half the thread’s original post was reasonable doomsday scenario, which we should prepare for. The other half of the post was paranoid delusions.

When posting you should really censor out the alarmist fantasy garbage, then people will have more respect for the remaining, more rational content of your post.

I’m amused how you think use of the dollar as the world’s reserve currency will “cease around the end of the 2nd quarter of 2009” – AS IF on cue the millions of existing dollar holders (including countless nations’ foreign reserves) will all dump their dollars in the 2nd quarter of ’09.

Pure nonsense.

It will take years, probably even a decade for the dollar to be fully unseated as the de-facto reserve currency, but you are CORRECT that it will happen eventually. It certainly started this week.

About 75% of my portfolio is now straight GOLD. I cannot believe how much my portfolio has gone up in 48 hours on the back of gold price increases. WOW! Yes, I know it breaks all rules of conservative financial portfolio management to have 3/4 of my money in gold, but hey I understand the risks and accept those risks.

[stockstradr]

Half the thread’s original post was reasonable doomsday scenario, which we should prepare for. The other half of the post was paranoid delusions.

When posting you should really censor out the alarmist fantasy garbage, then people will have more respect for the remaining, more rational content of your post.

I’m amused how you think use of the dollar as the world’s reserve currency will “cease around the end of the 2nd quarter of 2009” – AS IF on cue the millions of existing dollar holders (including countless nations’ foreign reserves) will all dump their dollars in the 2nd quarter of ’09.

Pure nonsense.

It will take years, probably even a decade for the dollar to be fully unseated as the de-facto reserve currency, but you are CORRECT that it will happen eventually. It certainly started this week.

About 75% of my portfolio is now straight GOLD. I cannot believe how much my portfolio has gone up in 48 hours on the back of gold price increases. WOW! Yes, I know it breaks all rules of conservative financial portfolio management to have 3/4 of my money in gold, but hey I understand the risks and accept those risks.

[stockstradr]

Half the thread’s original post was reasonable doomsday scenario, which we should prepare for. The other half of the post was paranoid delusions.

When posting you should really censor out the alarmist fantasy garbage, then people will have more respect for the remaining, more rational content of your post.

I’m amused how you think use of the dollar as the world’s reserve currency will “cease around the end of the 2nd quarter of 2009” – AS IF on cue the millions of existing dollar holders (including countless nations’ foreign reserves) will all dump their dollars in the 2nd quarter of ’09.

Pure nonsense.

It will take years, probably even a decade for the dollar to be fully unseated as the de-facto reserve currency, but you are CORRECT that it will happen eventually. It certainly started this week.

About 75% of my portfolio is now straight GOLD. I cannot believe how much my portfolio has gone up in 48 hours on the back of gold price increases. WOW! Yes, I know it breaks all rules of conservative financial portfolio management to have 3/4 of my money in gold, but hey I understand the risks and accept those risks.

[DWCAP]

The biggest thing backing precious metals is a more world wide belief that are a store of value. Meaning that the dollar is linked to the US economy and so will rise and fall with it. Gold is linked to the world economy, and will rise or fall with it.

Also Gold has some intrinsic demand from industrial and personal uses. Be it jewlery, cell phones, certain electronic devices or whatever. Silver was used for a long time in film development and is still used in other industrial processes. What is a dollar bill used for, other than to buy something? Wall art at cheap resturants?

[DWCAP]

The biggest thing backing precious metals is a more world wide belief that are a store of value. Meaning that the dollar is linked to the US economy and so will rise and fall with it. Gold is linked to the world economy, and will rise or fall with it.

Also Gold has some intrinsic demand from industrial and personal uses. Be it jewlery, cell phones, certain electronic devices or whatever. Silver was used for a long time in film development and is still used in other industrial processes. What is a dollar bill used for, other than to buy something? Wall art at cheap resturants?

[DWCAP]

The biggest thing backing precious metals is a more world wide belief that are a store of value. Meaning that the dollar is linked to the US economy and so will rise and fall with it. Gold is linked to the world economy, and will rise or fall with it.

Also Gold has some intrinsic demand from industrial and personal uses. Be it jewlery, cell phones, certain electronic devices or whatever. Silver was used for a long time in film development and is still used in other industrial processes. What is a dollar bill used for, other than to buy something? Wall art at cheap resturants?

[DWCAP]

The biggest thing backing precious metals is a more world wide belief that are a store of value. Meaning that the dollar is linked to the US economy and so will rise and fall with it. Gold is linked to the world economy, and will rise or fall with it.

Also Gold has some intrinsic demand from industrial and personal uses. Be it jewlery, cell phones, certain electronic devices or whatever. Silver was used for a long time in film development and is still used in other industrial processes. What is a dollar bill used for, other than to buy something? Wall art at cheap resturants?

[Author]

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