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The Dollar Bubble

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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/25/2009 at 12:53
supertool73 View Drop Down
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This is quite an interesting vid.  Worth a look


Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/25/2009 at 14:00
Ick View Drop Down
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ICK, Ed's BOY

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You see that little kid in your avatar that keeps getting knocked down over, and over, and over, and over.......
 
THAT kid represents you and your dollar.


Edited by Ick - November/25/2009 at 14:00
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/26/2009 at 08:05
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and this, too......
 
 
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/26/2009 at 16:22
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These are accurate reports and to be taken in proper perspective. Investing dollars in precious metals is a very sound thing for our day, but I caution serious consideration of what metals to invest in. Silver is not going to be a reliable choice. I have info suggesting that it will be used to get investment dollars form people who think they can't afford gold. Silver prices will soon rise and give the impression of fantastic returns or stability. But when our dallor does collapse silver will fall to fifty percent or less leaving many people losing their retirement and other long term goals (again). But those who were selling silver will have invested their profits and legaly (by political standards) be in the clear.
If I had silver right now I would sell in January and use those earnings to by gold while it is still available. If I had any money to invest right now I would buy gold and when it hits 1600 an oz. I would sell half into kawaity dinar or the yen and keep that in a safe or other secure depository. Then be watching for what comes of our countries currency and overall financial condition to see what is available for the future. I you are well enough off to buy silver now you stand to make very good returns over the next 2 to 3 yrs. selling to investors, but don't get caught up in it to the point that you have it too long.
And be versitale, people will be short on cash and wiling to offer land, houses and other assetts that they stand to loose if they don't get rid of it. The biggest concern I have is the deception that they will use to dupe the people. "Well we know you can't afford gold being over a thousand an oz. But silver is you best bet anyway. You can buy more for less!"
 
Not true. 1200 dollars of silver is no better than 1200 in gold, but they will put their spin on it and snare alot of people.
There is one thing you can count on today. Gold and silver are going to rise substancially over the next 2 yrs. But gold is the one likely to hold or continue up after the dollar crashes.
Silver is the poor mans gold. That has never changed. My 2 cents. And I'll refrain from "I told you so". Good luck in you investments.


Edited by Sgt. D - November/26/2009 at 16:24
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/26/2009 at 16:50
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I was thinking about this over the past week since the post.  I keep coming back to "you can't eat gold".... as well as the marketability of the metal.
 
I suppose to a certain point as long as EVERYONE in the world values gold, then it will hold value.  However as I think about "usefullness" in todays world.... is gold as "useful" as it was in the past?  it seems to me that transitors and plastic are of more importance.
 
Surely for thousands of years empires have sent thousands of men to their death to obtain more of it.... but why?  Not sure I get it.
 
I guess I am saying.... when a famine is coming it is of more value to have storehouses of food.  When industry is interrupted an ability to "get out" of an economically depressed area is more crucial.  When people don't have an income to pay their mortgage payments it is better to have a paid-off house.
 
I appreciate the value of Gold but I wonder.... does it "really" have value beyond man's perception of what value it has?  Heck, the Mayan civilization used to have cocoa beans as the money supply.  Jade was a prized substance over everything.  Gold was used by the Maya, but with the same value as the Spaniards?  Look at the true underlying value each item actually had.  Does gold really serve a use beyond our preception of it?  Is it simply the same "truth" as the value of the cocoa bean or jade to the Mayan civilization?
 
Do you know what I mean?


Edited by Ick - November/26/2009 at 16:53
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/26/2009 at 17:10
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I couldn't find that thread on here where we talked about that guy's comments on Argentina.  YOU may recall, that was a link I had to this guy explaining how economic conditions deteriorate slowly and sneak up on the unknowing public.  I did find this thread on here:
 
 
 
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/26/2009 at 18:16
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Personally I have little use for gold. I like to use alittle for inletting but otherwise it is hard to deal with. Its heavy, most people can't be trusted with it and it can be a pain to market at times. My only real interest in it is that there are countless people out there that will pay crazy prices for it. The gold on my left hand is the only amount that I treasure. And that isn't even for the gold. My main plan for hard times is to be able to provide people with goods and services of living value. Bartering and trade are key in a collapsed financial condition. Having money or gold in such a time is simply a means of aquistion. If you look back to the depression, the people who provided goods and services were able to come out of it with land, homes and pricelss goods. The times we face ahead of us won't be as simple, but for those who have some idea of how to adapt and overcome. The future isn't so bleak.
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