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partypup
Participant[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.
Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.
The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.
Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]
Concho, UC Girl…have you ever heard the adage, “Timing is everything?”
Follow closely:
If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.
If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.
If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.
If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.
The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.
If you can’t stay one step ahead of the sheep, then you are part of the flock.
And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.
We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉
I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.
Participant[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.
Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.
The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.
Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]
Concho, UC Girl…have you ever heard the adage, “Timing is everything?”
Follow closely:
If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.
If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.
If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.
If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.
The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.
If you can’t stay one step ahead of the sheep, then you are part of the flock.
And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.
We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉
I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.
Participant[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.
Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.
The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.
Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]
Concho, UC Girl…have you ever heard the adage, “Timing is everything?”
Follow closely:
If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.
If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.
If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.
If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.
The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.
If you can’t stay one step ahead of the sheep, then you are part of the flock.
And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.
We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉
I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.
Participant[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.
Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.
The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.
Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]
Concho, UC Girl…have you ever heard the adage, “Timing is everything?”
Follow closely:
If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.
If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.
If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.
If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.
The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.
If you can’t stay one step ahead of the sheep, then you are part of the flock.
And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.
We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉
I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.
Participant[quote=UCGal]
Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…
I can’t eat gold. [/quote]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
Why does everyone think the choice is either between gold and food? Or gold and gas? Or gold and water? Or gold and a home? People, get your heads out of the sand: you need food, gas, water, a home AND gold. Gold is simply the asset class that you should add to your portfolio to REPLACE the dollar – not to replace the necessities in your life.
And you think gold is heavily manipulated? What do you think the TPTB have been doing to the dollar for the past 30+ years? It has been manipulated to appear strong when it is weak at its core. As Concho said, everything in our life is manipulated by the madmen who run the planet. We have been in their crosshairs all our lives. And maybe we won’t be nimble enough to escape what’s coming because we’re just tiny ants scattering before a size 10 shoe comes slamming down upon us.
But all I know is this: if I am to have any chance in hell of scurrying away to safety, I will need all of the things you mentioned above, UC Girl. And I will also need gold. Because when inflation sets in with a vengeance, how do you expect to buy the food you value so much if your dollars are so devalued? Best to have something meaningful to being to a dealer to exchange for the fifty fiat dollars that you will need to buy a loaf of bread.
And that’s all I have to say about that (my best Forrest Gump voice)
Participant[quote=UCGal]
Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…
I can’t eat gold. [/quote]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
Why does everyone think the choice is either between gold and food? Or gold and gas? Or gold and water? Or gold and a home? People, get your heads out of the sand: you need food, gas, water, a home AND gold. Gold is simply the asset class that you should add to your portfolio to REPLACE the dollar – not to replace the necessities in your life.
And you think gold is heavily manipulated? What do you think the TPTB have been doing to the dollar for the past 30+ years? It has been manipulated to appear strong when it is weak at its core. As Concho said, everything in our life is manipulated by the madmen who run the planet. We have been in their crosshairs all our lives. And maybe we won’t be nimble enough to escape what’s coming because we’re just tiny ants scattering before a size 10 shoe comes slamming down upon us.
But all I know is this: if I am to have any chance in hell of scurrying away to safety, I will need all of the things you mentioned above, UC Girl. And I will also need gold. Because when inflation sets in with a vengeance, how do you expect to buy the food you value so much if your dollars are so devalued? Best to have something meaningful to being to a dealer to exchange for the fifty fiat dollars that you will need to buy a loaf of bread.
And that’s all I have to say about that (my best Forrest Gump voice)
Participant[quote=UCGal]
Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…
I can’t eat gold. [/quote]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
Why does everyone think the choice is either between gold and food? Or gold and gas? Or gold and water? Or gold and a home? People, get your heads out of the sand: you need food, gas, water, a home AND gold. Gold is simply the asset class that you should add to your portfolio to REPLACE the dollar – not to replace the necessities in your life.
And you think gold is heavily manipulated? What do you think the TPTB have been doing to the dollar for the past 30+ years? It has been manipulated to appear strong when it is weak at its core. As Concho said, everything in our life is manipulated by the madmen who run the planet. We have been in their crosshairs all our lives. And maybe we won’t be nimble enough to escape what’s coming because we’re just tiny ants scattering before a size 10 shoe comes slamming down upon us.
But all I know is this: if I am to have any chance in hell of scurrying away to safety, I will need all of the things you mentioned above, UC Girl. And I will also need gold. Because when inflation sets in with a vengeance, how do you expect to buy the food you value so much if your dollars are so devalued? Best to have something meaningful to being to a dealer to exchange for the fifty fiat dollars that you will need to buy a loaf of bread.
And that’s all I have to say about that (my best Forrest Gump voice)
Participant[quote=UCGal]
Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…
I can’t eat gold. [/quote]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
Why does everyone think the choice is either between gold and food? Or gold and gas? Or gold and water? Or gold and a home? People, get your heads out of the sand: you need food, gas, water, a home AND gold. Gold is simply the asset class that you should add to your portfolio to REPLACE the dollar – not to replace the necessities in your life.
And you think gold is heavily manipulated? What do you think the TPTB have been doing to the dollar for the past 30+ years? It has been manipulated to appear strong when it is weak at its core. As Concho said, everything in our life is manipulated by the madmen who run the planet. We have been in their crosshairs all our lives. And maybe we won’t be nimble enough to escape what’s coming because we’re just tiny ants scattering before a size 10 shoe comes slamming down upon us.
But all I know is this: if I am to have any chance in hell of scurrying away to safety, I will need all of the things you mentioned above, UC Girl. And I will also need gold. Because when inflation sets in with a vengeance, how do you expect to buy the food you value so much if your dollars are so devalued? Best to have something meaningful to being to a dealer to exchange for the fifty fiat dollars that you will need to buy a loaf of bread.
And that’s all I have to say about that (my best Forrest Gump voice)
Participant[quote=UCGal]
Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…
I can’t eat gold. [/quote]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
Why does everyone think the choice is either between gold and food? Or gold and gas? Or gold and water? Or gold and a home? People, get your heads out of the sand: you need food, gas, water, a home AND gold. Gold is simply the asset class that you should add to your portfolio to REPLACE the dollar – not to replace the necessities in your life.
And you think gold is heavily manipulated? What do you think the TPTB have been doing to the dollar for the past 30+ years? It has been manipulated to appear strong when it is weak at its core. As Concho said, everything in our life is manipulated by the madmen who run the planet. We have been in their crosshairs all our lives. And maybe we won’t be nimble enough to escape what’s coming because we’re just tiny ants scattering before a size 10 shoe comes slamming down upon us.
But all I know is this: if I am to have any chance in hell of scurrying away to safety, I will need all of the things you mentioned above, UC Girl. And I will also need gold. Because when inflation sets in with a vengeance, how do you expect to buy the food you value so much if your dollars are so devalued? Best to have something meaningful to being to a dealer to exchange for the fifty fiat dollars that you will need to buy a loaf of bread.
And that’s all I have to say about that (my best Forrest Gump voice)
Participant[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.Participant[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.Participant[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.Participant[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.Participant[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. -
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