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<p>[QUOTE="Brian Calvert, post: 3340807, member: 75282"]Seen them talking about this yesterday at the VRIC Conf. Cambridgehouse video's online. Everyone should watch them...</p><p>I bought into Barrick Gold at 11.90 last week and was thrilled to get in at that price after the merger. Like all mergers I have learned over the past 10 years, they have to settle at "A PRICE" based on the value, not what someone thinks it should be. Thus, that was the bottom price. GOLD has gone up and of course the stock too. Funny thing was Barron's pumped it and it was still flat.</p><p><br /></p><p>We have real estate, not all paid off, a big chunk of cash we hold, jewelry, several cars, stocks, but only her corp. that she works for and lower account balances at TD, ETRADE, and keep them under 50K "in case of" And we continue to add GOLD and SILVER. If it turns out to be 50%, so be it. But i will not get caught with my pants down after seeinf what happened in 2001, and 08. That is BS !</p><p><br /></p><p>Who at the FED, or any bank lower than a teller suffered ? None of them, in fact they made money, then shrugged their shoulders, said, i am sorry and moved on. </p><p>JP morgan 401k mutual fund managers moved to BofA, Citi went to Wells, wells went to Bof A and so on. Damn near every fund out there has a new ticker so that you cant track it back to inception. </p><p>The System, I knew as a kid is now gone and to trust in it is a fools game. </p><p>Read just today from Truth in accounting that 63 of the 75 biggest cities are broke! Way way underfunded pension plans, medical, etc. It isn't China's fault, nor is it the Immigrants fault. It is the rich and politicians fault. They did this, but when you only work for 4,8, or 12 years, you can kicked it to the next people.</p><p>Go watch PANIC on HBO and listen to the excuses from those in 2008, including Bush, Obama, Paulson, Berneke, and Geithner. I am surprised that VICE gave them the platform to put it out there.</p><p><br /></p><p>Basically they say, what was we suppose to do, let the country go into depression ? Actually the answer is, Yes, if that happened then so be it, but to put out a bunch of BS fake money via QE is a joke, now the problem is 4 fold. Each day, and tomorrow, and every day after that until this is settled is more trouble we will face until they finally give it up, tell the truth and lay it out there for all to see.</p><p><br /></p><p>It isnt going to be pretty, but the rich have got to pay for it as the people have nothing left to give. Never in History, nor ever in the future will a country be able to Print their way out of trouble, in fact, they can only print into more trouble. Just dumb... you don't need to be an economist to figure it out.</p><p><br /></p><p>Ironically, they are doing everything that it is illegal for you to do. If you did it, you would go to jail, have a judgement placed against you and your wages garnished. When the Treasury, FED, and politicians do it they get praise and a raise with a great retirement package and released of all debt and responsibility.[/QUOTE]</p><p><br /></p>
[QUOTE="Brian Calvert, post: 3340807, member: 75282"]Seen them talking about this yesterday at the VRIC Conf. Cambridgehouse video's online. Everyone should watch them... I bought into Barrick Gold at 11.90 last week and was thrilled to get in at that price after the merger. Like all mergers I have learned over the past 10 years, they have to settle at "A PRICE" based on the value, not what someone thinks it should be. Thus, that was the bottom price. GOLD has gone up and of course the stock too. Funny thing was Barron's pumped it and it was still flat. We have real estate, not all paid off, a big chunk of cash we hold, jewelry, several cars, stocks, but only her corp. that she works for and lower account balances at TD, ETRADE, and keep them under 50K "in case of" And we continue to add GOLD and SILVER. If it turns out to be 50%, so be it. But i will not get caught with my pants down after seeinf what happened in 2001, and 08. That is BS ! Who at the FED, or any bank lower than a teller suffered ? None of them, in fact they made money, then shrugged their shoulders, said, i am sorry and moved on. JP morgan 401k mutual fund managers moved to BofA, Citi went to Wells, wells went to Bof A and so on. Damn near every fund out there has a new ticker so that you cant track it back to inception. The System, I knew as a kid is now gone and to trust in it is a fools game. Read just today from Truth in accounting that 63 of the 75 biggest cities are broke! Way way underfunded pension plans, medical, etc. It isn't China's fault, nor is it the Immigrants fault. It is the rich and politicians fault. They did this, but when you only work for 4,8, or 12 years, you can kicked it to the next people. Go watch PANIC on HBO and listen to the excuses from those in 2008, including Bush, Obama, Paulson, Berneke, and Geithner. I am surprised that VICE gave them the platform to put it out there. Basically they say, what was we suppose to do, let the country go into depression ? Actually the answer is, Yes, if that happened then so be it, but to put out a bunch of BS fake money via QE is a joke, now the problem is 4 fold. Each day, and tomorrow, and every day after that until this is settled is more trouble we will face until they finally give it up, tell the truth and lay it out there for all to see. It isnt going to be pretty, but the rich have got to pay for it as the people have nothing left to give. Never in History, nor ever in the future will a country be able to Print their way out of trouble, in fact, they can only print into more trouble. Just dumb... you don't need to be an economist to figure it out. Ironically, they are doing everything that it is illegal for you to do. If you did it, you would go to jail, have a judgement placed against you and your wages garnished. When the Treasury, FED, and politicians do it they get praise and a raise with a great retirement package and released of all debt and responsibility.[/QUOTE]
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