Posts by hollowmoose21

dustyheron5 said:It starts gradually—then all at once.......
😁
http://www.businessinsider.com/art-c...flation-2013-2

M2 money velocity is still tanking. 🤔

Heading north.
🙂

HUI at 400. That's it. Now get ready for the bounce back.

You really think their rating's gonna tank? Why would it? There's zero chance the USA isn't paying back its debt. It's just common sense, like Alan Greenspan said:
http://www.youtube.com/watch?feature...&v=q6vi528gseA
😁

analogharbor44 said:Straight out of thin air, obviously!

Nah. It’s coming straight from the data.
I track it, I read it, and once I hit my limit of available info, I let it all marinate until the picture becomes crystal clear in my head. Then I drop the verdict. 42! 😁
And hey, this exact same forecast is being pushed by some big-shot guru who loves preaching about market cycles and claims he isn't part of the "inner circle," even though he almost certainly is. 😁

I don't buy a 30% correction, but I'm pretty damn sure we're looking at a sideways grind or a dip that lasts at least until next spring.

quiettrucker12 said:For instance, nobody talks about the miners, even though they’re easily the most interesting part of this whole thing. You could write something about them, but why bother? It's much easier to just drop a critical post without adding anything useful to the conversation.

By the way, those 2014/2015 figures aren't mid-range forecasts; everything is relative, so even those can turn into short-term data before you know it. Lately, looking at comments like these, I'm starting to feel like posting here is just a massive waste of time, especially once you factor in the input from Silver Argentum and M. Kovac.🙄

Go ahead then, write your little essay on miners. I'm sure someone out there will be dying to read it. 😉

dustyheron5 said:Wall Street Journal Gold guru Doubles up on his Gold Position

Published Nov. 19, 2012 on Forbes.com

Forbes.com IT was a surprise to suddenly hear from George Soros that He Had decided to go Back in and replace The 50% of his holdings he sold some two years ago. I found myself wondering about the motivation behind such a move—because All i see is deflation and austerity, specifically the aggressive reduction in government spending across the United States, the US, the United States and elsewhere.

Then my gold guru reached out via email with this insight: "A deflationary world will force central banks to print money. Eventually, it catches up to everyone. Once money velocity accelerates, gold will prove its worth." In plain terms—he believes the dollar is headed for a slide, a total collapse, or some other catastrophic cocktail resulting from relentless overprinting.

I'm digging what JS has to say about it:

A guy with that kind of cash is both brilliant and lethal. You don't want to be standing in his path.
He’s basically at the top of the food chain in the financial world. He'd probably take that as a compliment.
😁

This thread is a total dead end. Waste of time.

Regarding Jefferson, maybe politicians back then were a bit cleaner, but nowadays? I don't even know if it's worse when Wall Street bankers are calling the shots instead of the people in D.C. It all ends up being the same thing 😍

Sandra Sullivan said:On the earlier pages, you guys were talking about all those headaches regarding gold storage and the constant threat of theft.

Honestly, you could solve that whole mess by swapping out the gold for something with even more punch. I mean, if you grab a single gram of California, you could easily carry $27 million on your person—maybe tuck it into a tooth or under your skin—and always have your wealth right there at your fingertips.

As for governments and the Fed, they could just start holding their reserves in antimatter. It takes up way less space than thousands of tons of gold and paper, though I guess the downside is that if you lose it, you're in trouble since a single gram would be worth something like $62,500,000,000,000.😬

http://thechive.com/2012/05/09/the-m...net-16-photos/

🤣
It’s spitting out a bit too many neutrons for my liking. 😁 And over time, the amount just keeps shrinking.

Andrew Barrett4 said:Are you kidding me? 😢

Honestly? I’d actually be happy if I managed to lose as little wealth as possible over the next decade.

.....

Also, that person over in the other thread is implying that metal doesn't have any intrinsic value. (In general, I've noticed that people coming out of the University of California and similar institutions tend to be pretty skeptical. Here's another example.) They mentioned the "biggest bubble ever." That's not exactly news, I suppose, assuming the timeline is long enough. ☕
But just because a bubble is inflating doesn't mean you can't ride that train and make a little money along the way. Whether you're holding physical bullion, paper gold, mining stocks, or ETFs—those are all different kinds of "Pokémon," each with its own set of pros and cons.

The downside of physical (at least in my experience) is that it's incredibly hard to time the bottom. There are two main reasons for that:
a) Because you have to plan trips to a different state or cross a border to shop, which means taking a day off just to stay under the radar of the IRS. (Luckily, I live near the border, but still.) It’s not exactly convenient.
b) And if you want small denominations, there's always a shortage, so you have to pre-order. You basically just have to guess the date...
Physical is also harder to liquidate. You need an actual exit strategy. Then there are the acquisition costs, which you have to recoup through price appreciation, not to mention everything else. That's why, for instance, I haven't bought anything since the summer; I'm just waiting.

Paper gold is MUCH easier to sell. But the flaw with that particular "Pokémon" is that when the big players start jumping ship, you might find yourself unable to offload it to anyone. Which implies you have to monitor the situation constantly and time your escape perfectly.

A lot of the goldbug websites don't recommend paper gold. However, in my opinion, it's a perfectly fine way to turn a profit, even if the risk is higher. That is, provided you aren't greedy. Timing is everything. 😍

Regardless, there isn't any asset out there that will make you "set for life" while you sleep. Not even precious metals. And that whole "buy and forget" mantra is usually more about minimizing tax headaches than actually forgetting about the investment. Once you've committed to something, you really ought to manage it. If someone isn't prepared for that, they probably shouldn't be getting involved at all. "Nothing to worry about" is often just another way of saying you have nothing left to lose. 😂

Give me a break, that's a massive reach. The guy who started this whole thread—and even the dude who gave her that nickname—is a Science student. 😍

Bottom line: October is looking ugly because the smart money is betting on a short. They might be wrong, though. 😁

On another note, did you guys know there are actually bacteria out there that basically "poop" gold? 😍
http://www.sciencemag.org/content/313/5784/233.abstract

dustyheron5 said:If all of this holds up, the odds are in Ben's favor.......
( I hope hollowmoose21 is following along? )

http://kingworldnews.com/kingworldne...unced_QE4.html

http://kingworldnews.com/kingworldne..._Huge_Run.html

Anyone who lived through the 1970s will instantly recognize these conditions as stagflation—which is exactly how we described it back then....

“A poor economy and rising prices sharply reduced American standards of living in the 1970s. In fact, the numbers show that when adjusted for inflation and US Dollar debasement, American standards of living, as measured by disposable income, actually peaked in 1973.

Give that some thought, Eric. That was nearly forty years ago. It strikes me as a record—though certainly not one the Federal Reserve wants to highlight. I suspect it is the longest stretch in American history regarding living standards.

Stagflation in the 1970s created an environment that lit a fire under precious metal prices, so seeing gold and silver rally once again isn't particularly surprising.....

Watching closely. 😁
The real question is why they announced it this way, and why right now of all times.
And why send out Carli Evans instead of Bernanke himself? 😁 It’s not like the media went crazy over it. Tons of questions, zero answers. 😁
It’s like the Federal Reserve is desperate 😬—trying to tank the US Dollar and pump the stock market again, but some crisis over in Europe or China (http://finance.yahoo.com/news/dollar...040115304.html) keeps messing up their play. 😍

dustyheron5 said:You're absolutely right—if Germany (and the rest of the world) enters a recession, it’s better to hold onto your ammunition, namely the dollar; though, once again, Benjamin isn't a fan of that🤣 and has been quite vocal about pushing us away from the dollar and toward risk-on assets...😁

No smart man joins forces with whatever evil power😛 ends up winning.😂

Regarding QE3, this pullback was entirely expected. We'll see where things stand with metals around October 10th. It was similar last time during QE2—metals rallied leading up to the announcement, followed by a minor correction immediately after, before resuming a fierce rally... I see no reason why this time would be any different.😍

Got a specific target in mind for this pullback? Looking for an entry point. 😍

Andrew Barrett4 said:So, following that summary of the Boeing 747, someone asked how we’re all supposed to hedge our positions together.
Personally, I’m looking for some kind of differentiation beyond the obvious stuff, like commodities or energy.
The standard ideas just seem to be running dry.

Joe caught a golden whale once, and the whale tells him:
- Please let me go, because I don't just grant three wishes like some goldfish—I can grant an endless amount of them...
And Joe's response?
- Forget the wishes—take me straight to Tiffany's.

😁

Not sure if you remember, but we already chewed over using credit as an inflation hedge over in the housing thread. I dropped links to some killer articles by D. Amerman—pretty sure he covered this exact angle too.

dustyheron5 said:Now I understand why there's been some confusion—😍 I was actually responding to Felga69's post, not yours.

As for the US market, I agree entirely... which is why I didn't bring it up in the first place.

I'm honestly not sure where you got the impression I was addressing you directly.😂

B is talking to A, C is talking to B, so obviously C is also talking to A.
@yokohama. Those were just "minor bumps" compared to the chaos we've seen lately. 🙂
http://www.multpl.com/case-shiller-h...tion-adjusted/
But that's not what we're talking about here. There are separate threads for housing prices and even one for real estate vs. gold.

dustyheron5 said:Without access to mortgages—combined with the potential for a new property tax—prices have nowhere to go but down.

Unless, of course, half a million retirees from Florida decide to move in and buy up two houses apiece.🤣

Now I see why you get under people's skin sometimes. 😁 You clearly aren't even reading what you're replying to. I was talking about the USA.
@silver
Facts. Nobody actually knows how much shadow inventory is out there. A huge chunk of it might just be total junk that isn't worth a dime.
Or maybe the banks will pull some moves to make sure it stays worthless. 😍
http://www.time.com/time/video/playe...090492,00.html
Anyway, since we're drifting off-topic, let's kill this debate here. We can pick it up in another thread.

I don't buy it. History shows plenty of times where debt just doesn't come back to haunt you.
Look at right now. In the US, you can grab a 30-year fixed mortgage at around 3.5%. Most people in here are claiming inflation is already higher than that. Fine. Maybe real estate prices are dipping or stalling for a bit, but that won't last long.