Posts by Anthony Evans78

Or, back when we were still clinging to the quasi-gold standard before 1971, there wasn't nearly as much.

Tungsten, or what some call Wolfram 🙂
Since tungsten has almost the exact same density as gold, it makes for a pretty perfect tool for counterfeiting.

Exactly.
Anyone who actually buys the inflation numbers the government feeds them clearly isn't buying groceries, driving a car, or paying an electric bill.

With banks sitting on at least four million properties in their shadow inventories, why wouldn't we expect prices to keep sliding for a while longer? 🙂

If you actually think we're in a bull market 🙂
Not this again... 😉

Or maybe from 1974 through 2012.☕

Look, gold is a thousand times more proven as a hedge against inflation than anything else, my friend 😉

Paul Peterson4 said:Setting aside the middle class and the Middle East for a second—do you actually think the PM will climb high enough to make up for your lost job?

I personally doubt we'll see those extreme, doomsday scenarios. Even if we ended up in a conflict with, say, Iran, that still isn't some massive existential threat to America, and I find it hard to imagine a sane scenario where a war spreads to the entire globe.

Since we're talking inflation, it seems to me that China has consistently kept their inflation higher than bank interest rates just to force people to dump their cash into companies. It feels like we might see a similar move on the "West" side—pushing through some single-digit inflation as the price for recovery. It’s a clever way to drain money from the hands of the middle class and funnel it straight into the pockets of politicians and those "can't-miss" stocks, like Facebook...

If that actually happens, then the winners will be the people jumping into PM today (or even earlier). By the time it becomes obvious that inflation is being forced upward, 90% of the population with a little bit of savings will be scrambling to get in, which will send the price of PM soaring way past the inflation rate. That’s your window to sell.

If the absolute worst-case scenario hits, losing your job will be the least of your worries.🙂
But let's hope it doesn't. In the meantime, I'm working on getting as far outside the system as possible—solar power, well water, a small garden, picking up certain skills, things like that. I'd rather have people laughing at me now than be caught unprepared later.

Lucky for those of us holding gold or silver, though I don't envy everyone else. Given how things are looking right now, the PM has plenty of reasons to let rates climb.
It’s a grim outlook; most people are going to end up broke after this mess plays out, and I'm certainly not celebrating that—unless, of course, everything truly hits the fan if the Middle East ignites and drags the rest of the world down with it.
The middle class? Honestly, I think it’s basically a myth at this point.

The debt-free middle class with extra cash in their pockets? It’s honestly never been easier for them to snag a house, a car, or any big investment... or just blow it all on a vacation. In that sense, their purchasing power is actually higher than ever. We live in a culture built entirely on mindless consumption...

You missed one little detail, if you don't mind me adding it.
Most people haven't had the luxury of buying cars, homes, or trips outright; they’ve had to lean heavily on credit just to keep up.
It’s the same story with the government—living way beyond their means for years, and now the bill is finally coming due.

I’ve said this before, but I need to hammer home two points.
First off, deflationary theories are a fantasy. As long as the old guard calling the shots can print money, they’re going to print it.
Stagflation is already knocking at the door, and there’s a growing chance we hit hyperinflation in the US the moment those dollars held overseas start flooding back home.
Second, the fundamental mistake people make is assuming the Federal Reserve and others actually intend to help the economy. They don't. Their only goal is to bail out their buddies in the banking sector; if anyone else happens to benefit by accident, well, that's just luck...
People aren't spending on metals—they’re hoarding them. It's a subtle distinction, but most people miss it. 🙂

I wouldn't bet on Stagflation happening.
What happens when those dollars held overseas—which is about two-thirds of them—start flowing back into the USA? 🙂

Don't expect any more QE to bail this out. This one runs its course until the end ;

If I were as articulate as this guy, I’d probably say something like 🙂

"I hope you didn't bet the farm on this, Dawg. These people are going to print money so aggressively it'll wake the dead. They're going to print like absolute maniacs—nonstop, relentless, until their eyes bleed.

The money supply will expand through swaps, bank bailouts, corporate mergers, fixed Treasury yields, and genuine negative interest rates. They'll pump it out through unsecured bank loans, payroll tax cuts, and eventually, they might just drop literal piles of fiat cash from helicopters. They won't give a damn what anyone thinks. And here is the reason.
Because this is the end of the line, my friend. There is no accountability after this point. There won't even be a history of it. No one will be left to track exchange rates, or document the corruption and chaos, and nobody will be left to worry about deficits, GDP, or the national debt of any country under the sun. The. End. Does anyone complain about how Rome debased its currency at the very end? Not a soul. But the people pulling the strings back then took what they could, grabbed a vineyard, and sat back to wait for the Middle Ages to roll in 700 years later.
That is the nature of a singularity. Once you pass through it, everything loses its meaning. Nothing we consider vital right now will matter once we cross that event horizon. No one will remember, no one will write it down, and no one will ever be held to a standard again. Ever. So yeah, they'll print like the unhinged terrorists they are. They have nothing left to lose and potentially something to gain—maybe a single dollar, maybe an extra day, or a slim chance to escape with a piece of the loot. Whatever advantage they can squeeze out for themselves and their elite cronies, they will go all in. Watch for IT, Dawg. It's happening for real this time, just like Donkey Kong. and When The dust is settled in a generation Henac it's going to have become another unbelievable episode among The ages of men."

Another little educational video for you 😉
http://www.youtube.com/watch?v=HP7L8bw5QF4

He’s also out there claiming you should just bury gold in your backyard 😁

And this guy? He doesn't even deserve a mention...

http://www.examiner.com/article/doll...oil-using-yuan

Not exactly a bullish signal for gold and silver when the main printer decides they’ll be churning out $40 billion a month indefinitely.
That cash just flows straight to the banks—basically, they're offloading their toxic mortgage-backed securities onto taxpayers and everyone else using the dollar—and you can bet they won't actually let that money circulate.
And if they do? Just multiply that number by at least nine, thanks to the fractional reserve system 😉. Then that $360 billion gets dumped into some idiotic derivatives just to cover 30-year bonds at 12% interest... brilliant.

And one more thing... ZIRP until 2015? You really think that’s going to jumpstart the economy and bail out the banks? 🙂
The USA has been playing that game for over twenty years, and we can all see how well that turned out.

What a load of nonsense, my friend Patrick Moore3 🙂
First off, gold prices in dollars have hit an all-time high.
Second, obviously QE3 is driving up the price of gold. By itself? 🙂 Not a chance. If you actually believe official US statistics, there hasn't even been any inflation. They're even saying unemployment is down. Meanwhile, if you're just an average person paying for gas, groceries, drinks, and rent, inflation in the US is sitting well above 8%.
Inflation is quite simply the act of printing money. And if the last few trillion—plus the next $40 billion a month, plus another five—doesn't count as inflationary to you, then what does? Sure, if it doesn't enter circulation, it isn't "inflationary," but then why bother printing it at all? Oh, right, I forgot... it's all to bail out banks that should have gone bankrupt ages ago.
Do you honestly think energy prices are rising because demand is through the roof? Wrong. They're rising because everything is priced in dollars, and since the government is printing dollars like crazy, the value is tanking. It’s only natural that the price in those same devalued dollars goes up... is that really so hard to wrap your head around?
Deflationary theories don't exist as long as central banks are breathing. Do you seriously believe the people running the printing presses would ever let the little guy see the value of his money go up? 🙂

I honestly just wonder when you traders are going to stop playing with paper instruments and move into the real stuff, like metals or land.
It should be pretty obvious by now that those papers you're gambling on only hold value as long as everyone else agrees they do. 🙂