Posts by hollowmoose21

Patrick Moore3 said:Maybe Bennett wants to play Robin Hood, handing out dollars and wiping away debts like some kind of hero. But here’s the thing: if you give something to one person, you had to take it from someone else first. You can't just print money out of thin air. When they print it, they're actually snatching it from everyone who actually has something—including our retirement funds—just to hand it over to debtors. Honestly? I think they'd rather watch people starve than part with their capital.

Facts. 👍
That’s why the 55+ crowd is going to get absolutely hammered. I’ve been preaching this for ages.

dustyheron5 said:I’m not betting on anything, nor do I have a single "favorite" scenario I'm certain will play out—instead, I simply monitor the ground reality and see who comes out on top...

Regarding stagflation, I have to say it looks like the most likely outcome right now—and don't assume the sheer volume of dollars is the main driver here...

The real player is the Velocity of money—a factor almost nobody mentions... except perhaps Martin Armstrong and a few others...

For anyone interested in how things look regarding gold, silver, and equities, take a look at price movements in the USA between 1966 and 1982—otherwise known as the secular bear market...😉

You can reach out via PM for my analysis.

Don't be silly, man. We've hashed all of this out right here on this forum a dozen times already; you're just relatively new to the scene. 😁

Sound familiar?

My friend, debt is the very essence of fiat. As debt defaults, fiat is destroyed. This is where all these deflationists get their direction. Not seeing that hyperinflation is the process of saving debt at all costs, even buying it outright for cash. Deflation is impossible in today's dollar terms because policy will allow the printing of cash, if necessary, to cover every last bit of debt and dumping it on your front lawn! Worthless dollars, of course, but no deflation in dollar terms!
You see credit money is tied to the functioning of the economy and base money is not. As the debtors balloon deflates, so does the functioning economy, and so does the real world of goods that backs the money supply. bas money does not contract along with The Economy like credit money does. And base money is the fuel in all hyperinflations while credit money vanishes!
As The Economy along with The debtors balloon contracts and The confidence of The savers wanes, the previous driving force of greed switches to the much more powerful force of fear. And "switch" is a great word in this case, because this transition can hit the entire planet all at once as fast as flipping a "light switch." It's called a panic.
When it does, that's when the velocity of the monetary base takes off. And as I have pointed out before, velocity has the same exact effect on the value of a dollar as an increase in the money supply. (See my "sea shell island" analogy here.) If the velocity jumps from fear, base money can chase scarce goods with the same disastrous effect as an exponential increase in the money supply, even before that actually occurs.

This was posted years ago, linked, and debated on this board plenty of times. 😍

Duh, obviously. It doesn't even have to be a straight-up seizure. There are a million other ways they can screw you over with shady calls. Pretty sure we’ve already covered this.

dustyheron5 said:It’s only natural to be concerned when you're keeping it in a home safe—the government knows exactly what you have...😂

Instead of keeping it off the books...
The thought of what prices might do if they decide to seize it is genuinely unsettling. 😍

What kind of safe are you talking about? Give me a break. 😁
If I kept my stash in a safe, I’d be killing the one main reason I even bother holding it in the first place. 😉

Listening to M. F. over on FSN today, and honestly, it feels like I’m not the only one sweating the possibility of some future gold confiscation. 😁

Here we go again with this "forbidden fruit" nonsense, so I’ll give you my answer one more time.
That logic might work if you're talking about sleeping with your neighbor's wife or something, but it has zero business being applied to where you park your life savings.
It’s funny how nobody has actually come up with a coherent reason why these various "bans" would even happen. I remember chewing this over with Maximus once, and the big argument was basically just "there would be riots..." Some gold bugs think we're heading back to a gold standard, but honestly? It feels more like gold will just move to an underground scene—at least for the average Joe. I think Armstrong has been hinting at something similar lately too.
Look, I'm not saying holding gold isn't a good move. Far from it. But these kinds of weak arguments really grate on me, NHF.
If owning gold were actually a bad thing, most buyers in the States wouldn't be busy stashing their bullion in vaults at Swiss or Austrian banks, effectively killing one of the biggest perks of owning physical assets.

dustyheron5 said:I’ve bought silver and I’m holding it off the books... so what exactly is Linić going to do about it, if you can even call it that?😂.........he’ll never lay eyes on that silver.🤣.....and when—or if—I decide to sell, it’ll go to someone who actually understands the difference between Linić's bonds and physical silver......
😍
besides, in this part of the world, we've seen six different countries and twenty different currencies cycle through in the last 90 years......yet gold and silver still hold value for some kid down the street.....unlike those mighty banknotes that were once considered "precious," but now nobody even remembers their names...😉

Look, man, don't get worked up. You gotta stay cool. I'm just trying to warn you: don't get too cozy thinking this investment is bulletproof. Keep your eyes peeled—I literally just bought a new pair of glasses for this reason. 😁). And my gut tells me things are gonna get messy here too. When governments get backed into a corner, they act like cornered rats. They start making desperate, insane moves. Honestly, they're already doing it 😬
I'm not even gonna touch the whole paper money vs precious metals debate; you already know where I stand.
But the fate of precious metals in America, the European Union, the USA, AU, or Singapore? Now *that* is worth a real conversation. 😍

Melissa Sanchez17 said:I'll be the first to admit I did exactly that. Eventually, I moved it over to California. My reason? "Fear," plain and simple.
But seriously, isn't a massive tax like that basically just one big way to discourage people from buying?

Duh. Of course it is. That’s my whole point. You really think more people wouldn't be dumping cash into gold if they weren't getting hammered by that tax?

Anthony Evans78 said:The comparison holds up.
Some substances are banned while others—like booze or cigarettes—are perfectly legal.
Even cocaine was totally fine until about a century ago.🙂
There’s zero chance any government is ever going to successfully seize assets like cash or drugs. Besides, trying to ban precious metals backfires twice: first, because forbidden fruit always tastes better 🙂 and second, it just proves how worthless paper money actually is. 🙂

Sorry, but that "forbidden fruit" argument sounds more like hippie nonsense than actual economics.
In that light, do you honestly think gold is more popular in California, where we deal with luxury taxes, compared to somewhere like Austria where you can buy gold without being hit by those kinds of taxes?
And I’m not even talking about outright confiscation. I’m talking about all the different moves that could kill the incentive to hold or trade gold.

Melissa Sanchez17 said:Sure, legally speaking. But the Black market works wonders 😍 Just look at how people used to smuggle old currencies back in the day. I mean, even in parts of South America, people are still trading black market USD.
Besides, why would anyone bother chasing gold? That prehistoric relic 😕

Black market? Let me ask you something. How many of you guys who bought physical gold actually decided
to haul that gold across the border or bring it into the US to hide it at home? Reading this thread, I bet most of you just stashed it in a safety deposit box in whatever country you bought it in. Why?

Anthony Evans78 said:Like hell they're going to start confiscating stuff...
There are plenty of illegal drugs floating around out there just like any other illicit substance.
The government doesn't have the manpower or the budget to go door-to-door seizing people's property.

Your comparison sucks. Why do you think I’m not out here manufacturing and peddling drugs? It’s because even though it's a massive payday, it's not worth it. 😁
And why would they need to knock on your door? They don't have to touch your gold as long as you keep it tucked away in a basement safe. But the second you try to take it out and spend it? Yeah, that's when the heat comes. 😁

nimblepanther18 said:Here is a reflection from a former hedge fund manager regarding the looming crisis and its inevitable impact on the markets. This man, Raoul Pal, retired at the young age of 36.

He states: "The only things left standing will be the dollar and gold. We have roughly six months of trading left on Western exchanges to either protect ourselves or make enough profit to weather the upcoming losses. After that, put on your helmets and hunker down until a new system emerges. I hope I'm wrong, but I can't see any other scenario playing out..."

Read more at: http://www.businessinsider.com/raoul...d-game-2012-6#

Jesus, talk about a total nightmare. Even I couldn't dream up a doom scenario this dark. 🤣
Jokes aside, what really keeps me up at night is the fact that there's nowhere to run. Because like Armstrong said:
Government is closing EVERY escape route for capital. It will confiscate everything possible.

So you think everyone's gonna lose their minds and start panicking, huh? Is that your big plan? 😁

Anthony Evans78 said:I’ve said it before and I’ll say it again: you can’t fit physical gold inside a bubble.
Since the days of fiat currency, they've pushed prices up as much as humanly possible through constant manipulation.
If we actually had a pure, untainted market setting the price, gold would probably be sitting somewhere with four or five zeros after the first digit.

Alright, fine...
Instead of just playing mathematician with all those zeros, it’d be way more useful to look at ratios. For example, how many kilos of gold does it take to buy wheat, oil, gas, real estate, or the Dow? Look at how those ratios have shifted over the years and stack them up against where we are today.

Melissa Sanchez17 said:And then you’ve got the folks out there buying like total idiots. And we’re talking about George Soros here, for crying out loud.

http://goldsilver.com/news/george-so...tment-in-gold/

George Soros is a trader. That’s just facts based on the data through March 31st. Who even knows what his bank account looks like now? 😁
Whatever. We'll see. The miners absolutely crushed it, and the American Bankers Association hit support at 375 yesterday.

Melissa Sanchez17 said:Here's the kicker:

Back when crude was sitting at $107 a barrel just a few weeks back, and gold was around $1650, one barrel of oil would've grabbed you 2 grams of gold. Fast forward to now—oil's down to $94 and gold's at $1550—and suddenly a barrel of oil only gets you 1.9 grams. Basically, if you were holding gold, your purchasing power jumped by 5% against oil over the last few weeks. George Soros

P.S. Looking at today's numbers, it's actually down to 1.87 grams.

George Soros is full of it. You can't just grab a random few weeks of data, pick whatever timeframe suits your mood, and then act like you've cracked the code on long-term trends. It’s total nonsense.

Some people are actually calling for a crash. We're talking up to a 50% drop. And this isn't just some random guy—it’s Jim Rogers we're talking about here. 😁

http://finance.yahoo.com/news/jim-ro...143644165.html

It was only a matter of time before some Wall Street investment guru decided to start barking about gold.
Well, here we go. Today's the day. 😁

The old guard of gold price predictors (Sinclair and Armstrong) are officially on everyone's bad side. 😁

Armstrong:
Honestly, the amount of hate mail I get from certain gold bugs makes me wonder if people have lost their minds. Some of these fanatics absolutely despise anyone brave enough to suggest a market correction might actually happen. Seriously, GET A LIFE! All markets ebb and flow. If you’re looking for a cheerleader who only shouts "buy," go find someone else. You don't realize that treating the market like a cult won't just bankrupt you—it also scares away serious investors who don't want to be lumped in with the crazies.

Sinclair:
Now we've got a guy that the gold crowd practically rescued with thousands of letters, and he's back to trashing the commitment of gold investors.
In my book, he's dead wrong and basically shooting himself in the foot. I've known him since the 70s, and it looks like some things never change.
Loyalty and respect aren't exactly common traits for a lot of people. Don't sweat it, though—we aren't going anywhere.

Anthony Evans78 said:Technical analysis is basically a joke at this point in a world built on manipulation, theft, and lies.
The dollar, along with every other fiat currency, is a zombie; it’s just a matter of when it finally bites. Precious metals are the only thing with real value—everything else is just an illusion.
Word on the street is that Wall Street is prepping for a "formal" Greek bankruptcy on March 23rd, right after the markets close for the weekend. It's the same old playbook: drop the bombshell on a Friday, let the chaos simmer over the weekend, and watch the madness unfold in the casinos—sorry, the stock exchanges—across the globe on Monday. If we look at what happened in Argentina, Greece is likely headed for bank closures and withdrawal limits. That's the reward you get for trusting corrupt institutions with your money.
Rating agencies are the absolute peak of nepotism and hypocrisy; even thinking about them makes me sick. And let's be honest, the USA isn't even the world's largest economy, unless you count financial sorcery that produces zero actual value as "growth."
Gold can't even go down when the USA, the European Union, the Japanese people, and the UK have all started their printing presses. It might see some corrections, but in this environment, the upward trend is inevitable.

Oh really? What about the banks in the European Union? They prepping for that too? ☕

Paulson was dumping stock in Q4 too.
http://www.reuters.com/article/2012/...81E00520120215

Nicole Gomez38 said:The issue isn't actually about paying back the savers—that money is sitting right there in the bank—it's the impossibility of disabling foreign exchange clauses for loans while still allowing them for savings at the same time.

Ideally, the owners should just become employees and clients themselves. After all, a bank operates just like a casino—it doesn't actually create any real value; it just shuffles the chips (the cash) around in a circle so that the house always wins and everyone else loses.

Bullshit. It doesn't exist.