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The global Debt Clock
- Thread starter BLUE_KAWI
- Start date
Please tell us what we learned in school?
How can you say something is wrong when you dont know/understand it?
The change in gas prices isnt because of inflation. I would love to see you explaination for that one.
imkruzen
Well-known member
[FONT=Arial, Verdana, Helvetica, sans-serif]In the event you have not noticed, digital gold currency (DGC) is rising fast as the solution to the tomfoolery of politicians that cannot manage a simple budget, and didn’t think the world would notice. Bad politics has forced central banks to attempt to cover the political folly by liquefying the doomed system built on political bribery and favors.[/FONT][FONT=Arial, Verdana, Helvetica, sans-serif] [/FONT]
[FONT=Arial, Verdana, Helvetica, sans-serif]Sovereign and private DGC is now on the fast track. The Gold Swiss Franc (GSF) legislation recently introduced in Switzerland is the first proposed sovereign dual monetary system. This is the monetary system of the coming Great Republic. The Swiss are following in the footsteps of James Turk’s GoldMoney.com, a private DGC bank where Lloyd’s of London insures your DGC on deposit in London, Zurich or Hong Kong. Others will follow the Swiss lead, first in a trickle, and then in a global DGC driven monetary revolution.
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[FONT=Arial, Verdana, Helvetica, sans-serif]Sovereign and private DGC is now on the fast track. The Gold Swiss Franc (GSF) legislation recently introduced in Switzerland is the first proposed sovereign dual monetary system. This is the monetary system of the coming Great Republic. The Swiss are following in the footsteps of James Turk’s GoldMoney.com, a private DGC bank where Lloyd’s of London insures your DGC on deposit in London, Zurich or Hong Kong. Others will follow the Swiss lead, first in a trickle, and then in a global DGC driven monetary revolution.
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Meanwhile ... after today's continued correction in the price of gold and gold stocks, I'm back in. Option premiums are really high in this bouncy market. I bought some gold stocks and sold near-the-money covered call options against them. I'm expecting gold to bounce around but basically go nowhere for the next little while. If I'm wrong and they go up, I walk away with the option premium. If I'm wrong and they go down, it's like I paid less for the stock and I'll just sell another option against them next month.
imkruzen
Well-known member
Europe is burning, the dollar is burning, and governments are burning. Elmer Fudd Public Investor won’t have any stock market investments by the time the final bell rings on this, the big show. He’s going to make the people in the 1930’s breadlines look like they were in the party zone! The bottom line is that the big picture is going out of control and ushering in the gold parabola zone.
You stopped making sense a while ago, but I thought there was still hope for you. Now I'm getting the feeling you're not just confused. You might actually be a few cards short of a full deck.
imkruzen
Well-known member
Your opinion does matter, but not to me. I don't reguard Elmer Fudd the investor to be in the know what money is. He'll be the one clenching worthless fiat paper in the bread lines. I follow the money, the trend is your friend. You have digressed to the last resort of a discussion, when there are no facts supporting your opinion. Pick up your toys and go to Mommy.
Since the Masters of the System have decided to arbitrarily "move the goalposts" to suit themselves by printing money in unlimited quantities, fixing interest rates at artificially low levels, and backstopping the bond market etc, it is incumbent on us as investors to find a fixed point of reference and safe anchorage, the better to weather the financial storms that their crassly irresponsible policies are bringing upon us. That fixed point of reference is gold. As gold is real money it is aloof from the mess and mayhem that now exists in the world of fiat and which is rapidly getting worse - and here it is necessary to make a crucially important point, which is that at this time in world history you have to completely reorder your thinking with respect with gold.
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QE to infinity!!
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No kidding. I (mostly) stopped following this thread when he indicated the world is coming to an end but people with guns & ammo are foolish because he'll have full police support and the legal system to protect him and his shiny yellow stuff.
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Sorry to say if you dont have millions now, you dont know where the money is or where it is going.
Name one thing that gold is, that say copper isnt?
I know my opinion doesn't matter to you, and that's too bad, because it should. Because I know what I'm talking about, and you don't. I was hoping I'd be able to explain something to you, because you seem generally interested in this topic. And yet you refuse to accept the definitions of basic terms like economics and money, while accusing other people of not having facts.
I guess I'll see you in the breadlines with all your gold and gold certificates, if you don't get robbed first. Maybe I'll trade you 8 oz of venison for 8 oz of gold - lol! If the masses are starving because of the lack of food, do you think your gold is going to be worth much? Also, the less your domestic currency is worth, the more tax you will have to pay when you dispose of your gold for whatever reason. But have you really gained anything in real purchasing power? It's more likely you'll have much less purchasing power and have to give up a portion of it to pay tax - lol! And the government is going to sit there and do nothing while the currency devalues? I think your scenario is a little unlikely. But if you do think things will get that bad, perhaps you'd be better consider buying some fertile land in a less populated area, some live stock, seed and light farm implements to become more self sufficient and productive. If you have the dough, perhaps you could buy a solar power system and wind generator and get off the grid. Why bother standing in a bread line when you can make your own? If you can provide for yourself and your family, why would you need currency or gold? Set up your own trading outpost with your own banking system, just like they did in the pioneer days. When you speculate with precious metals and currency, you gain very little in real purchasing power. Any gains and stores you do have won't last very long. Productivity will bring you the most wealth. In fact, that is one of the biggest reasons countries are in the shape they're in. They're no longer self sufficient and create/produce very little - one of the sad realities of global wealth redistribution.
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imkruzen
Well-known member
imkruzen
Well-known member
I know, money will go up in flames when gold reaches the temperature of liquidty.
imkruzen
Well-known member
You have heard from me on this gold reaction. Now hear from the extremely accurate Alf fields:
“The good news is that once the anticipated correction has been completed, gold should commence intermediate Wave 3 of Major 3. This should be the longest and strongest up-wave of the entire Bull Market. Expect high volatility and very high prices during that up-wave.”
Now let’s here from Kenny Adams, Master Technician, on long term trends:
“So far we have the potential for a topping action that may generate a moderate to deep correction – but not a long extended correction – not a termination of a bull trend.”
Now lets hear from Dean of Gold, Harry Schultz:
“Don’t bother me now. Call me when gold trades at $2400.”
So stop worrying. At the worst this is a fast, deep correction before much, much higher prices for Gold.
Respectfully,
Jim Sinclair
“The good news is that once the anticipated correction has been completed, gold should commence intermediate Wave 3 of Major 3. This should be the longest and strongest up-wave of the entire Bull Market. Expect high volatility and very high prices during that up-wave.”
Now let’s here from Kenny Adams, Master Technician, on long term trends:
“So far we have the potential for a topping action that may generate a moderate to deep correction – but not a long extended correction – not a termination of a bull trend.”
Now lets hear from Dean of Gold, Harry Schultz:
“Don’t bother me now. Call me when gold trades at $2400.”
So stop worrying. At the worst this is a fast, deep correction before much, much higher prices for Gold.
Respectfully,
Jim Sinclair
imkruzen
Well-known member
imkruzen
Well-known member
I don't think many of us here can comprehend when Bank of America goes under. The collapse and bailouts in 2008 will be peanuts when this vampire squid bank goes under.
Looks like a big bank in France is about to go under as well as BoA: http://www.youtube.com/watch?v=rE211Kz-uG4
What I find amusing is how many people buy "virtual" gold preparing for the collapse created by the big bad banks... In the end they are trusting that there was some actual gold and not some "fiat" gold that was created, wait for it.... by the big bad banks (or someone just like them)! I know some here claim to be stock piling it in their basement...
As I said before it is about end game, if you think that there will be a full and complete collapse then bags of gold are not going to help you because someone with a bigger better gun will just take them from you. Buying gold only works if the end game is a partial collapse and you sell before the correction, all comes down to timing. The people ALREADY bunkered in the hills are not going to let you in with your bags of gold, but they will take the gold.
If you are buying virtual gold because you do not trust the "banks" keep in mind who you just bought that gold from!
As I said before it is about end game, if you think that there will be a full and complete collapse then bags of gold are not going to help you because someone with a bigger better gun will just take them from you. Buying gold only works if the end game is a partial collapse and you sell before the correction, all comes down to timing. The people ALREADY bunkered in the hills are not going to let you in with your bags of gold, but they will take the gold.
If you are buying virtual gold because you do not trust the "banks" keep in mind who you just bought that gold from!
I did, and you did. But you weren't listening to me, and you weren't even reading what you were posting yourself.
Unlikely now that Warren Buffet has made a substantial investment in BAC.
Wish I'd seen *that* one coming ...
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