pop goes the bubble?

I sometimes feel like PM's won't be worth a hill of beans ( actually the beans will be more valuable ) if the things David Icke and others have been trying to tell the general public about , actually come to fruition.
The High Frequency Active Auroral Research Program (HAARP) has me most concerned as all of the arrays in it's expansion are complete.
We humans often try to prepare for those things we believe are possible or probable but very rarely do we plan very well for our own man made blunders and mistakes. ( I bet we can all think of some recent examples )

So PM's are going to be good for fast short term returns on your investments if you bought them before today. But for the long run ( anything beyond this November ) it is going to be dicey , with the potential power shifts. I guess what I am trying to say is liquidate 1/2 your PM's within the next 3-4 months while the values are still climbing and immediately use those proceeds to purchase tangible goods. If nothing major happens or is looming in our country or the world by the end of 2011 , then you might consider replenishing your PM's again.

But keep your supply of beans , sugar , salt & water fully stocked.

 

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How about using cash to do this instead? No PM investor should have 100% of his assets in PMs as you need to have cash flow for expenses and further investing. if you feel that civil society is going to breakdown in several months, then start using excess cash to buy tangible rather than more PMs. If you are not doing it this way, then I recommend a reassessment of your strategy of how you are buying and holding PMs.

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Gold, and to a lesser extent the other PMs, are nothing more than a hedge against bad government monetary policy. You should only buy physical gold for the long term and don't look to trade it in the short term. Otherwise you stand to get burnt badly.

 

Based on the quote above, I understand things much better now.

I have only been learning about this stuff for maybe 10 years at most. My volunteer work takes me to many places that are actually dealing with these issues and so most of my data is outside the scope of the US.

Sorry you have to deal with your health issues, CLAW. It is a struggle that none of us are looking forward to.

 

We're not in Kansas anymore, Toto! :bigeyes:

 

Why bother...it all ends on December 21, 2012 anyway. Just run your credit cards to the max and...PARRRR-TAY!!! :goofer:

...or take this time to get your soul right with your Lord...whichever one you feel will give the best return on your investment. :thumb:

 

well while they argued over who it belonged to i would get my trusty pic axe and make it belong to me .....one ounce at a time

 

I might have found some "proof" for either sides of this debate to use...

http://www.youtube.com/watch?v=yHZzObQUgE8

At least, Abbott can prove his work, unlike most that "believe" or "know" the facts.

:goofer::goofer::goofer:

 

Sometimes I really wonder if the folks that run this country don't subscribe to the same type of voodo economics......

 

While not every dealer is out of gold, here is an article that says investors are driving to other countries just to buy some.

So, before you label another posters information as "bunk", you should at least give them the benefit of the doubt if they say they know something that you don't.

http://news.goldseek.com/BullionVault/1274359982.php

 

Silver, you have to consider the source. Or, at least I consider the source. There is a tremendous amount of opinion on the internet masquerading as fact. Adrian Ash isn't an analyst and has a vested interest in the editorial content of the article.

"Formerly City correspondent for The Daily Reckoning in London and head of editorial at the UK's leading financial advisory for private investors, Adrian Ash is the editor of Gold News and head of research at BullionVault – winner of the Queen's Award for Enterprise Innovation, 2009 – where you can buy gold today vaulted in Zurich on $3 spreads and 0.8% dealing fees."

 

Time tells all, history loves to repeat itself. I just prepare for the worst, and always hope for the best.

 

True, but this isn't the only article that I found on that subject. I saw another one, but at the time thought that one article didn't constitute a fact. So, I was waiting for another article to substantiate the claim.

Of course, if you wanted me to produce the original article, I probably wouldn't be able to find it at this time. So, does that make me a liar?

 

I can't find things I've read all the time, so I don't think you are a liar. In the past month or so, a lot of bad information has crept into the bullion forum from a variety of internet sources that I consider less than credible. Many of these guys just parrot each other without doing any real research. They just throw out an opinion, draw a graph or two with lines extending into the future and call it analysis. I've tried to point out some of the errors that I see, but since it seems to upset people who prefer to believe their favorite goldbug newsletter and think they know whats going on without having done any real research on their own, I've decided it might be better to just let it go by and see what happens to the forum. It seems that it is impossible to make someone critically analyze their beliefs even when confronted with new evidence. So I think I'm done here.

 

Please don't be done with it yet. I'm not arguing with you. I agree with what you said. But all of the information we get is in some way, shape, or form the opinion of someone else. I do agree that finding a credible source is important. But I don't know what you mean by research? I would think the only real way to have real research would be to fly to Germany and try to buy a kruggerand somewhere in the country. Otherwise, the research you have done is still just the opinion of someone who has written an article. Even if you had a relative that lived in Germany and you asked them in an email if that was the situation. And they claim that it is not. But they never really leave their house to go buy a gold kruggerand to see if it is true. Does that make the source more credible?

The point I'm trying to make is that all sources are biased to some degree. I just think the the fact that the type of information out there, whether true or false, doesn't matter. What does matter is the fact that the information is out there in the first place. You might not agree with it, but some people do. Maybe a majority believe it, and you are in the minority in the way you think. The Market tends to go in the way that people think or feel about the information that they read. Do some people trading gold believe that gold is sold out in Germany? I'm betting at least a few of them do.

I think it comes more down to whose opinion you believe more, or you can buy a ticket to Germany?

 

I guess that what bothers me most is the inability of many people to distinguish fact from opinion. Everone is entitled to opinions. But when a quote from the IMF is posted with the IMF saying, "we do xxx;" and their financials are published verifying that they do xxx, and people still deny it and say everyone is entitled to their opinion, what can you do? I probably read the same stuff as other people here. Most of it is useless. I'll listen to just about anybody's opinion because I fully realize that I'll almost never be one of the first to discover some new important development. I first heard the term "peak oil" when I read a National Geographic artice in about 1998. It greatly impressed me and after some further checking, I've been heavily in energy investments ever since. There is no way to predict where the next good investment idea will come from. But a lot of folks here received their economic education from reading goldbug editorials and somehow believe that this is the way the world works, and they've been let in on some secret that most people don't know about. I currently think most of it is crap, but also believe gold and silver are good investments for other reasons seldom discussed. So I intend to greatly limit my future input into these discussions and just watch how they develop.

 

The greatest difficulty in determining where gold may move to is that the market is grossly underfunded with uncertain supplies. At some point gold and silver reach a level where granny's hand me downs are worth more than their sentimental value. As these stocks flood the market and the short selling starts, the market can reverse an upward trend overnight.

I believe that a certain amount of metal should be held onto physically, in the event of socioeconomic collapse. I mean those who bought their way out of war ravaged Europe, used gold to do so. Same goes with Asia, etc.
But as a long term vehicle, it lacks stability.

 

Here is an interesting recent article on why gold prices move:

http://www.thestreet.com/story/10760375/1/top-5-reasons-gold-prices-move.html

Notice that #5 is manipulation. TC

 

Stock markets were once used to generate huge amounts of cash prior to governmental oversight. Metal and currency trading is still the Wild West. Ever since the Hunts ran $2.00 (the world's largest single supply) up to over $20, bailed around $12 and left the creditors holding the bag for the $8 loss, the market has attracted the manipulators. I recall the $700 gold and sellers were offering to store the gold of buyers in their vaults. That way they could sell the same Rands, MLs or St Gaudins several times. Much like the governments do with currency. LOL Then when people wanted delivery, they filed bankruptcy. Metals are prime for Ponzi schemes and always have been. Over long term, I believe Gold parallels real estate, keeping nearly even with inflation. IMHO

 

Ok i started this thread so what about the bubble? what about Elaine? The price of ammo (which keeps going up)? What about an ice cold beer on a hot summer day? pick one i will go with it??

 

funny you should mention ammo. I was looking at some vintage stock from 1970 and the price tags from the sporting goods stores were around $5.00 for a box of 50. Those same items sell for only $23.00 today , so that is not much of an increase in 40 years & the cost estimate in 1970 was well before the super inflation period of the 1970's.