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<p>[QUOTE=&quot;Rono, post: 1089668, member: 6492&quot;]Howdy folks,</p><p>&nbsp;</p><p>I&#039;ve been following along but haven&#039;t had a chance to chime in.&nbsp; Agree with much of what&#039;s been said.&nbsp; The original postie was about a commodity bubble.&nbsp; I feel that commodity prices are holding firm in real terms, but becoming pricey when expressed in terms of dollars.&nbsp; We know the dollar has lost 96% of its value since 1913.&nbsp; We know they&#039;re injecting as much liquidity into the system that they can to try and stimulate the economy without going overboard (as cloud mentioned).&nbsp;&nbsp; Nopers, commodities are all about the same relative to gold.&nbsp; They&#039;ve just become more costly in terms of dollars.&nbsp; </p><p>&nbsp;</p><p>There are so many facets to the gold and silver markets that we know a little about - think of those we know nothing.&nbsp; Right now there&#039;s a bit of a pullback that seems to have started with some more active players deciding to take some $ from pm&#039;s and move them into stocks.&nbsp; Stocks are doing well and this is all about yield.&nbsp; Some of the safe haven money is starting to chase yield also.&nbsp; Add to that some of the fast money - hedge, etc. - starting to move on, and you&#039;ve got a 10% pullback.&nbsp; So long as it doesn&#039;t get a lot worse, I&#039;m looking at it like the pimple on the elephants ass.&nbsp; feh.</p><p>&nbsp;</p><p>They&#039;ve got somewhere between $75-105T of unfunded liabiliites to deal with and when you cut benefits as much as possilbe AND raise taxes as much as possible, they still can&#039;t cover it.&nbsp; They&#039;re left with no other option but to monetize it.&nbsp; [read:&nbsp; it&#039;s called Quantitative Easing these day, the Greeks called it debasing the currency].&nbsp; I&#039;ve read that in order to be able to even attempt to pay the bill, they need to halve the value of the dollar over the next decade.&nbsp; &nbsp; Er, without trashing it, causing painful inflation, or resulting in a downgrade of our debt.&nbsp;&nbsp; </p><p>&nbsp;</p><p>Let&#039;s say they do it.&nbsp; I want to own gold and silver and other real stuff.&nbsp; Let&#039;s say the don&#039;t.&nbsp; I want to own gold and silver and other real stuff.</p><p>&nbsp;</p><p>Oh, and BTW, the unemployment is running about 22% nationwide if you use the broad measure and calculate the number using the formulae they used during Reagan&#039;s Presidency.&nbsp; The big change in stats has been with inflation and the CPI.&nbsp; 20% is housing and based upon rents.&nbsp; 50% is subject to hedonic adjustments (doesn&#039;t count if it&#039;s New and Improved), etc.&nbsp;&nbsp; It&#039;s really about 7-8% right now.&nbsp; Funny that their QE hasn&#039;t caused any worse CPI numbers, but if you count cheap goods from overseas AND that the banks haven&#039;t been lending, heretofore, at painfully low rates thereby dampening the velocity of money.&nbsp; So far.&nbsp; &nbsp; Anywho, check out <a href="http://www.shadowstats.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.shadowstats.com" rel="nofollow">www.shadowstats.com</a></p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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