sell! sell! sell!

[eek.]

Election year...

The Fed will prolly just let the dollar tank and then the new administration can face reality in 2009.

 

[eek.]

Its worth bearing in mind that Americas Liberal + conservative elites definitely won't want the Paulestinian barbarians getting any traction during an election year.

So your dollar will take the strain...and amongst the beneficiaries shall be those infidels who hold gold...

:toast:

 

[Dawoofdaddy]

Gold up $20+ so far today

Returned to $900+

Dont worry tiz, there are still some people that believe you deflation guys and you can always just talk among yourselves if you need an ear.

 

[Hitman26]

I just heard from Tizzy, that he thought that he felt gold could go higher from here. However he warned that the price of gold could also fall and he wouldn't be surprised if that happened.

 

[Brooklynbomber]

The hope for gold bugs is that it becomes desirable private property, like what happened with houses.

Then it would be a great investment.

At the moment, to compare it with land and buildings is silly, it aint happening, you would have got about 200% tops over the last 25 years.

A bit of physical gold in your portfolio is not a bad idea, so you can ride a bull run if it happens, but gold bugs have been pushing for this to happen since the 1970s and its still aint really happened yet.

Meanwhile a lot of us in other sectors have made a fucking killing.

Stuff like decent property has been a one way trip...and I never needed to hover over a CBS bizchannel ticker for a moment, I just got on with life.

Obvious stuff like the energy and financials sectors have done far better as well over the last 25 years.

So I would never advise anyone to put too much of their life savings into gold, its track record to date suxx and a wee flurry after 25 years is nothing to get too excited about as far as Mr eek is concerned.

gold has outperformed the residential real estate market in California since 1971, about as far back as you can go

I love reading posts like this, just confirms to me that 1) most of people are still clueless we are in a fiat currency crisis....2) this gold bull has a long way to go

 

[MIMS]

On the first part, I think jdog (and I, fwiw) believes that the Fed will indeed continue to print money.

THE FED DOESN'T PRINT MONEY! It's amazing to me that people can criticize/defend the Fed without even knowing what the Fed does.

EDIT: I see someone else noticed this too. I didn't read the last page

 

[eek.]

Most of the world hardly had a pot to piss in back in 1971 dude, never mind thousands of dollars for luxuries like gold speculation.

My old boy got £20 a week as a postman for the mortgage the missus and three kids to feed.

Anyone who had a wedge of cash back then should be a millionaire by now, no matter wtf they put it into.

 

[Brooklynbomber]

THE FED DOESN'T PRINT MONEY! It's amazing to me that people can criticize/defend the Fed without even knowing what the Fed does.

EDIT: I see someone else noticed this too. I didn't read the last page

of course they don't

as explained 15 times in this thread, the term "printing money" is a dumbed down statement....it's all just digits on a computer screen now

 

[MIMS]

of course they don't

as explained 15 times in this thread, the term "printing money" is a dumbed down statement....it's all just digits on a computer screen now

It's not just dumbed down; it's 100% inaccurate.

 

[tiznow]

I just heard from Tizzy, that he thought that he felt gold could go higher from here. However he warned that the price of gold could also fall and he wouldn't be surprised if that happened.

look i hold physical gold, and i think gold will hold up better than the other commodities if we do indeed see some sort of deflation play out as we fall into recession

i mean jdog and DAW could be right and gold is going to 2000 an ounce i dunno

i don't have all the answers i'm hedged

for the 10th time

i have cash, physical gold, conservative longs, and shorts

the shorts making up about half of my holdings

 

[Brooklynbomber]

It's not just dumbed down; it's 100% inaccurate.

well why don't you enlighten us all on how it really works genius

this should be good

 

[tiznow]

also notice how gold for the most part continues to move with markets and outperforming it as was the case since 2002

yesterday had huge reversal with markets, and today markets green again and gold up

if markets hold up just fine and print mania works i do think gold will sky no doubt as the only way they keep up the markets at this point is via inflation and dollar trashing, not through real growth

if markets fall on their face hard i don't think that will be the case with gold

and fed only has 3.5% left to cut

 

[MIMS]

well why don't you enlighten us all on how it really works genius

this should be good

Tiz already provided an article with an accurate description. Why do you need it repeated for you?

 

[Romanowski]

The jews I keep an eye on have been plonking much of their cash into hard property assets in more recent years.

"Property assets" such as?

are you saying relatively speaking just RE, PPE? what?

 

[Brooklynbomber]

if markets fall on their face hard i don't think that will be the case with gold

and fed only has 3.5% left to cut

agree, if markets tank hard gold likely follows

as far as only having 3.5% left, they'll get down into the 2's for sure (predicted 4 months ago) - that's all they need

2.5% = DOW 15K

2% = DOW 16K

IMHO of course

 

[Brooklynbomber]

should have taken DAW's advice and bought INTC in the $18's:nohead:

 

[tiznow]

10 year bond yield up to 3.66%


will they even cut 25 bp on 30th now?

either way i expect this leg up to continue (won't be straight up) and ultimately top in 1-2 weeks

before we start the next leg down to new lows

think of longing some GS here for that time frame? %^_ hmm.....let me look around first

 

[Brooklynbomber]

gotta buy the curve tiz

 

[joelatti]

ME thinks Big Ben is gonna cut .50 bp and stimulus package......kick start this economy....and thats when you run for the hills

 

[tiznow]

i just don't have the stomach to do it

keeping my tradable short portion in cash

long GS or RIMM here almost pulled the trigger on both i'm sure both will do fine near term now