Why most people buy PMs for the wrong reasons...

Discussion in 'Bullion Investing' started by NorthKorea, Sep 30, 2016.

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  1. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    Nonsense, make big money in precious metals!!!

    (Ironically posted in Gold Country!)

    http://goldcountry.craigslist.org/sls/5773472503.html
     
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  3. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    Uhm, ok Kurt! :rolleyes:


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  4. Santinidollar

    Santinidollar Supporter! Supporter

    From CNBC

    Shares of Apple ticked up a half percent after the bell following reports that a Samsung device exploded on a Southwest plane, forcing evacuation of a flight.


    I like to see my stocks rise, of course, but this is taking it to extremes....:wacky:
     
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  5. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    Media loves Apple, hates Samsung. Media bias at work.

    Because you never read about these in mainstream media.

    http://bgr.com/2016/10/03/iphone-explosion-fire-6-plus-student-pocket/

    And yet even Jim Cramer calls the Samsung the "FireFone" now.
     
  6. Santinidollar

    Santinidollar Supporter! Supporter

    Interesting. I have read from other sources where it's considered dangerous to keep any smart phone that has been cracked or otherwise damaged.
     
  7. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    Kurt and his kronies are at it again!!!

    The only way to become wealthy is to SPEND BEYOND YOUR MEANS!!!!

    WASHINGTON – The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it.

    Global debt, both public and private, reached 225 percent of global economic output last year, up from about 200 percent in 2002, the IMF said in its new Fiscal Monitor report.

    The IMF said about two thirds of the 2015 total, or about $100 billion, is owed by private sector borrowers, and noted that rapid increases in private debt often lead to financial crises.

    http://www.foxbusiness.com/features...ps-152-trillion-urges-some-to-spend-more.html
     
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  8. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Why do you guys waste your time with this dude. His existence is based on sucking the udder of the gravy train of debt by being in the massive govt machine. I have to go now, I've wasted my monthly allotment on worthless parasites.
     
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  9. Danjohnson

    Danjohnson Well-Known Member

    Helps me refine by debate points and often times I learn different ways of looking at things. I debate a friend on another site (MMT advocate), makes Kurt look like a piker by comparison. (lol)
     
    Last edited: Oct 5, 2016
  10. Truble

    Truble Well-Known Member

    Exactly why I responded with senseless blah, blah blah comments. It replicates the absurd laziness of printing massive amounts of fiat thinking there's is no cost to just print trillions more. Reminds me of a Proverb of the sluggard so lazy as not being able to even lift his head from his bowl of food. Fools and sluggards should be treated with distain, ridicule, avoidance, and condemnation, almost like they are invisible. Printing and debt is lazy and foolish versus laboring and saving is sacrifice and wisdom.
     
  11. DUNK 2

    DUNK 2 Well-Known Member

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  12. Clawcoins

    Clawcoins Well-Known Member

    That's because when you blow up their central bank, gold doesn't flutter and burn up like paper money like it did several months ago. PMs can be recollected amongst the ruins. http://www.dailymail.co.uk/news/art...dollars-used-pay-terror-group-s-fighters.html
     
  13. NorthKorea

    NorthKorea Dealer Member is a made up title...

    Am I missing your point? The Central Bank can order more money to be printed to replace the money that gets destroyed.
     
  14. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    That would require the Austrian adherents here to have a point, which they do not. All they have is the hysterical rantings of long-dead Austrian School writers who have repeatedly been proven wrong, and quite literally out of their minds, decades ago.

    They actually use their heroes' long-dead status as a badge of honor, because nobody in the profession even bothers taking time to even think about debunking Austrian School beliefs because it's already Q.E.D. They were wrong. They are dead. Good riddance.

    Austrian School is a political cult, nothing more.
     
  15. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    By this logic, I could also post pictures of zinc coins, aluminum coins, plastic coins, wampum beads, all of which exist. It proves what? It proves money is whatever society says it is. We used to think blood letting and electrical shock for stomach ailments were medicine, too, and at the same time thought gold was money. We learned better on both matters.
     
  16. Birdman#33

    Birdman#33 Member

    Or you can buy high and sell higher.
     
  17. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    upload_2016-10-6_6-59-37.jpeg

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  18. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    No, Keynesianism is a paradigm held valid by at least 95% of the economics profession, and until extremely recently was not even considered disputable. Then the "new ultra right" broke faith.
     
  19. DUNK 2

    DUNK 2 Well-Known Member

    I've posted this before. Sorry for being repetitive, but I believe we need a reminder. IMHO, of course.

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  20. DUNK 2

    DUNK 2 Well-Known Member

    Yes, we are all aware that your professor was a student of his.
     
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  21. Clawcoins

    Clawcoins Well-Known Member

    the point was in reference to ISIL aka ISIS aka Daesh .. the terror group.

    I don't know but I though ISIS's "Central Bank" doesn't print money ... they stored various currencies from selling oil, etc. They did apparently smelt their own gold coins to pay fighters. So when the money literally burns they can't just print more, but they can collect the PM.
     
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