If you don't Silver Stack you will be left behind

That's a different kind of brother's keeper. It's bonding to a cause, belief or philosophy that's accepted by all the brothers, not something that is shoved down their throats.

And the Amish are so proficient and honest in business no one is risking anything by being their "keeper."

 

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Indeed, and their religion forbids, for an Old Testament reason I do not know, from engaging in regular insurance. Hence, they are exempted from the Affordable Care Act and Social Security. They internally share all otherwise insurance-covered risks. Amos' barn fire obligates everyone to help rebuild it. Jebediah's insect infestation in his fields is made up by the entire community. Joshua's father's surgery and train fare to the hospital in Toledo, OH is paid by a special offering at "meeting".

And most amazing of all, they PREY FOR THEIR GOD'S MERCY FOR THE ETERNAL SALVATION OF THE MAN WHO MURDERED THEIR CHILDREN IN COLD BLOOD AT SCHOOL. Who wants to sign up for that? Show of hands.

 

My guess would be that it is the same reason the stackers feel the need to tell the World about the virtues of stacking. By your logic, stackers should just be quiet without spewing their opinion, but that's not what happens, is it?????

 

Kurt didn't pull that trigger in this thread this evening, I did. I started it, and he responded to my post.

That "Fait" typo has been showing up for several posts now, and this last post seemed to be running off the rails in general. I'd overlook one or two vowel transpositions (unless I'm feeling especially snarky), but if it's become consistent, maybe it's time to have a chat with the autocorrector.

 

Thanks Jeff, as usual, accuracy is not their long suit. Bash the guy you hate because you hate him is.

 

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While you're correct that a blanket statement like the thread title is probably wrong, you'd hope that the people reading it would have enough intelligence to read the info and make a determination if the opinion has merit. I'm not saying that it does or doesn't, the content should allow the reader to determine that.

 

I like your optimism. I wish I had some.

 

It depends on the Federal Reserve's monetary policy. When their in QE mode commodities like Silver appreciate in value. When they are tightening up, than fiat is the way to go. Right now we are in a monetary tightening cycle and FIAT is the way to go.

 

That story was just nasty and not interesting nor needed, Mr. Bellman. Funny, people you will find 9 out of 10 times and Mr. Bellman is in the 9. When they point the finger. They then will do just what they pointed out they do not like, its a point AT then DO problem we have as Humans. What did Mr. Bellman do crossed the line. Yup but hey who cares right its a big bad world. So is important:

PM's Stacking Lesson

1. Have equal or more Fiat against your Silver/Gold.
Note*Get a Extra job to build PM's if you want more PM's then you have Fiat
2. Do not expect but a Low Return or Losing Value
Note*Do not Dream
3. Do not get Family involved meaning their Money/Fiat
4. Build PM's because you can and want to not Need to
5. Do not listen to people that do not build/stack PM's they do not play the Game
6. Work a Average and be real about why you work that Average
7. Do not work Up a Average, risky so far short lived time Frame for over all Up
8. Flat Line a Average or go lower
9. Understand the Fiat Market is built around Reports, Meetings which effects Your PM's. It just how it is now but will not be forever
10. Be reasonable with your Fiat and Have Strong Hands with your Silver or get out

Be a Safe buyer with PM's or you will stress, be real with the list of 10 or you will stress

Mr. Bellman do me a Fav you keep coming up with story's that are not your own experience. Refer to #4 if you ever decide to build PM's. You for sure now do not mess up with #3

 

No Mike. What I'm saying is what I said. Let's try again. It doesn't make sense for anyone to care about what stackers say or do. If you believe they are wrong and going over the cliff, so what? You can't sell without buyers. You can't have bubbles and a greater fool syndrome unless you have fools to begin with.

 

You trade against stackers don't you Mike? Aren't you fighting yourself by trying to save or reform them?

 

I will extend an apology for my actions earlier in this thread. I was out of line and am sure I offended many, for that I do apologize.

I'd like to go back and see if I can get some thoughts about what I was asking about the sub-prime mortgage fiasco and what if any lessons you guys believe the banks learned from that.

My most major concern or disdain of Wall St comes from my belief that they were rewarded for criminal behavior. They were all given mountains of capital to fix the "problem" (not sure the actual problem was identified) and were also given or sold assets, Bear Stearns comes to mind, for pennies on the dollar. To make matters look even worse to the public, many received or were paid record bonuses at the end of the year. Somebody here continues to point out that the funds were all paid back, which is nice and all, but it still didn't punish the wrong doing. The biggest issue that I can see is if it wasn't punished, what is going to correct that behavior? Do we know if any of that was corrected? What is to say that the exact same thing is not going on right now and has gone on for the last 7 years to the point that we're not in the same position now that we were in back then?

I'm asking this because I'm of the belief that we are heading in that exact direction. I'm not sure what will trigger the next meltdown event, but I do believe we're going to see one. When, how and what I'm not sure of, but I firmly believe that we're heading to a catastrophic event sooner rather than later. That's most of the issue I take with posters that come here singing the praises of stocks, Wall St, equity markets and their portfolios. It's neat and all, good for you, but what happens if the same thing is going on right now?

 

There were men much older than you who waited a lot longer than you for silver and gold too make them rich or help them make it when the world went to crap who have passed on now. I just hope you don't suffer the same faith.

 

Thanks. If that's a plug for humanism altruism or investing in dung street, you just wasted 2 minutes of your life.

 

Since we're in danger of going all Kum Bay Yah here, lemme take a stab at what PP is asking.

I share many of your core concerns, at a MUCH reduced intensity, for now. There is plenty to be wary of. Oh my gawd, yes. Here's where we part perceptions:

1) Who is "they", specifically? Wall Street is one, a street. It's shorthand. For what? Aha. Excellent question. Hard to answer. There are FIRMS, many of them, mostly banks, who have been convicted and fined out the wazoo. And there will be more. There are individuals, lots of them, who have lost their jobs and careers. Where you are ABSOLUTELY CORRECT is there remain a relatively small number of heavy hitters, individuals, CEO's and similar, who are going to skate. That stinks. If you want to go track those creeps down and get in their grilles, the Amtrak tickets are on me.

More in next post. Look for "2)".

 

2) What happened at the bottom of the '08 crash was a "liquidity freeze". Firms were damaged and expansions were postponed. Creditworthiness collapsed in large scale. Few firms were left that were both strong on ideas and creditworthy. The "liquidity freeze" meant that even those firms couldn't get financing. There wasn't enough equity on the super banks' books to allow any more lending to anyone. In order for credit to flow, those banks had to be recapitalized. QE the first.

More under 3). Can it wait till tomorrow? My eyes are losing focus. Good night, pp.

 

Firms have been convicted and fined out the wazoo? Convicted of what? Who has actually been put in jail for any of these crimes that is in upper management? I won't argue that they haven't been fined, but what are the fines really? When you get a fine to pay $5,000,000 on shady deals that you netted $25,000,000 on, is that really a fine? That appears to be more of a bribe or hush money than a fine to me. How is that painful?

Who are they is a very good question, that I know. Names aren't published, not that I read much MSM as I consider most of it propaganda, but nobody is ever brought to any kind of meaningful trial because they use that great loophole, pay the fine and don't confess to any wrong doing.

My personal belief is it's systemic, mostly because it's acceptable. How can it not be acceptable when no individual is ever brought to trial and actually convicted? Even those that are actually caught, where they have real tangible evidence walk away and reappear ready to launch their new, latest and greatest scheme, see Jon Corzine...one of the many sick jokes or tragic comedies played on us all, I know...

I'm going to bed also. Thanks for the candor.

 

That is kind of what I am saying, it goes both ways....

 

I agree with a lot of that, but I would just like to make a point. When I compare PM's vs vs. other equities, it is only on a financial level. It has nothing to do with I think these guys are "good Joes" I work in Corporate America and trust me, I hate those guys. Most are low in life's. The facts are the facts though, equities crush PM's in the long run.

To address the you question on what happens if this happens again? For the folks holding equities, they should be just fine, since we have had many many equity collapses, and the market ALWAYS roars back. This last one was particularly kind to me since I was in a position in which I was able to purchase large amounts of VERY cheap stock. So from a financial point of view, I will continue to believe an aggressive diversified portfolio will be a big winner, even if it "Happens Again" Now please understand, I do not disagree with you that these jokers should be punished, but that is really another kettle of fish. One that I have very little control of, so I try to concentrate on the things I can control, specifically how I can build my wealth.