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With the accelerating debasement of fiat currencies combined with the death of free market capitalism back in 2008,the concept of retirement will be an alien concept in an another generation.One need only see MFGlobal and Cyprus as examples of what awaits the rest of world's wealth not yet outright confiscated via comp...more
Gold hasn't fallen,it's the same it has always been:a protector of purchasing power.In terms of the fiat dollar,yes it may be down,but that's because of clear manipulation in London at the LBMA and on the Comex.Moreover,articles like this are comical.Gold is not a stock to be bought low or sold high-it is money.You hol...more
Isn't that great, destroy the purchasing power of the dollar to support the Wall Street criminals and their merry band of HFT algorithms.
Basic psychology: In order for something to be a bubble,people have to think that it isn't.Can you imagine the contrarian point of view which would be bandied about if gold/silver...more
It may go lower,but as soon as it does DEMAND will spike again!The current cost for refiners to extract an ounce of gold is between $1,200-$1,500/oz,so manipulating the price below the refining cost will constrict supply AND unleash demand.I would love nothing more than to see gold below $800 again,but even the central...more
Inflation is the increase in the money supply NOT price increases.The rise in prices is the symptom.Problem is, the velocity of money has cratered.Why?Because banks are not lending and that money never makes into the productive hands of the middle class.
When your entire paradigm is constructed on little pieces of p...more
The only free loaders on this world are the despicable banks who have created a QUADRILLION DOLLAR OTC derivatives market,primarily interest rate swaps.No problem,though.Once the system implodes ,the freeloading world will bail these scumbags out AGAIN!!!
Gresham's Law will annihilate all the free money market parasites in years to come.Yeah,the HFT market is up 121%,or basically back to 2007's high.Only problem is, 5+ yrs to get back to 2007 means 5+ yrs of REAL wealth were sacrificed for digital,non-existent wealth on some computer screen,courtesy of Ben.
Once agai...more
"One expert thinks investors are snapping up the coins as a refuge from continuing economic uncertainty in the U.S."-
Oh,is that what it is?!More like Fed counterfeiting.And despite the mainstream media's aversion to recognize the centuries old FACT that PMs are MONEY,Au/Ag are moving toward the monetary system agai...more
1/21/2013
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