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Thread: Betting on the Yellow Brick Road, or, Counting Chicken(Taco)s Before They Hatch

  1. #61
    Fuhlauto Balogna Ridenfool's Avatar
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    We are all in this together. Whatever becomes of it will come from cooperation and fair trade practices. This doesn't seem to be the strategy of the current systems.

    Whoever is the first to step up and offer an alternative that is fair, holds value, and can be easily trusted because the hand of man is restrained will be the one to set the new standard.

    The last time this happened it was a group of men with names like Jefferson, Franklin, Jackson, etc., but those ideals, though effective, have been left by the wayside. Perhaps they will be taken up by someone who sees the value in them.

    That nation, agreement, treaty, or whatever shape it takes is unlikely to be managed by the old European banking families who control the U.S., U.K. and the Euro financial systems. They are scrambling to maintain the power base they built and have squandered by squeezing the goose too hard for that one more egg. Because of the tactics they have resorted to in hopes of preserving their power they will be shunned by the emerging nations and the system they implement to bypass the legacy system for conducting global trade.

    It will be a difficult transition, to say the least. Most of the current military action in the world appears to relate more to this change in progress than it does to the reasons often given in the news.
    Last edited by Ridenfool; 11-05-2014 at 10:12 AM.
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  2. #62
    h8ter of all things fun. The Toninator's Avatar
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    keep an eye out for this...

    The ‘Save Our Swiss Gold’ initiative is proposing the following:- rules to prevent the Swiss National Bank (SNB) selling any more of the country’s gold reserves- to direct that the SNB must keep a minimum of 20% of its reserves in gold, and- to require that all Swiss gold must be stored in Switzerland
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  3. #63
    MoJo Mother Superior GTFOOMW's Avatar
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    Indexing is for lazies.......just like hiring HR people to hire people with great resumes who will add value to your enterprise by posting their bullshit musings here during working hours. Fuck you all!
    xx

  4. #64
    h8ter of all things fun. The Toninator's Avatar
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    Thursday's decision by the European Central Bank and Friday's U.S. payroll data both have the potential to give another shot in the arm to the dollar.

    "We think the ECB is dovish and the non-farm payrolls will be strong, which will further highlight the divergence in economic performance between the U.S. and Europe, which in turn is positive for the dollar," said Stephen Briggs, metals strategist at BNP Paribas.
    Ya'll don't know what it's like
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  5. #65
    Mojo Slow-poke Austin Bike's Avatar
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    I think it is great to take a look back on this once a year.

    Gold prices per ounce:
    July 8th 2010: 1198
    March 13, 2015: 1153
    Down 3.7%

    S&P 500:
    July 8th 2010: 1070
    March 13, 2015: 2044
    Up 91%


    Yup. Think I might get some tacos today.
    "A person can work up a mean, mean thirst after a hard day of nothing much at all" - Paul Westerberg

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  6. #66
    h8ter of all things fun. The Toninator's Avatar
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    I've wanted to bump this thread soooo bad...the all mighty dolla is POUNDING world currancy (like it should) Euro parity t minus 2 weeks and counting! Oh and Platnium is trading under gold again.
    Ya'll don't know what it's like
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  7. #67
    h8ter of all things fun. The Toninator's Avatar
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    i'm considering buying a bunch of Canukistanie dolla's. I'm half in the euro to my threshhold and as soon as we break even i'll level up.
    Ya'll don't know what it's like
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  8. #68
    Fuhlauto Balogna Ridenfool's Avatar
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    Quote Originally Posted by Austin Bike View Post
    I think it is great to take a look back on this once a year.

    Gold prices per ounce:
    July 8th 2010: 1198
    March 13, 2015: 1153
    Down 3.7%

    S&P 500:
    July 8th 2010: 1070
    March 13, 2015: 2044
    Up 91%


    Yup. Think I might get some tacos today.
    History doesn't repeat itself, but it sometime rhymes.

    Consider the last time the stock markets were peaking. What happened next?

    Some people think that these numbers are a sign of a healthy economy. I'll wait and see. Nothing has changed since the last meltdown, just kicking the can down the road.

    This is another buying opportunity for the metals, one that China, Russia, India, etc. are taking advantage of as they continue to lay the foundation for the currency that will replace the faltering dollar in global trade.

    Buy foreign goods now while the dollar is strong against their exports. Hopefully, your livelihood doesn't depend upon exports from the U.S. to other nations as "dollar strength" will deter sales in that direction.

    Sooner or later the piper must be paid. The current tally is over 16 Trillion, not counting obligations to future social welfare programs which bring it to over 200 Trillion. This is how nations maneuver themselves into the third world, by playing loose with the printing press until their "money" is no longer the preferred medium of exchange. Alliances are being formed between these other nations, bypassing trade in dollars. This is happening now.

    The writing is no longer on the wall, it is on contracts, treaties, and negotiations for a standardized method of trade that is less partial to the U.S. and our seeming irresponsibility towards preserving a benchmark the world became dependent upon, like a drug.

    Welcome to rehab. Prepare for the withdrawal symptoms. Methadone is optional.
    "When we remember we are all mad, the mysteries of life disappear and life stands explained."
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  9. #69
    Mojo Slow-poke Austin Bike's Avatar
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    I think you've said that before. Lots of people were cocky when gold was at $1600, but now that they are down 30-40% they don't seem to make so much noise.

    Investing in a commodity can help earn income. Investing in a commodity that is a hedge for the tinfoil hat crowd just leads to wild fluctuations over time.

    I talked to someone who pulled out all of his investments in 2008 after the election. He's not doing that well, missed an opportunity to double his money, instead of lose more of it. People were (and continue to be) irrational. The U.S. Government is not going anywhere, there worldwide collapse isn't happening.
    "A person can work up a mean, mean thirst after a hard day of nothing much at all" - Paul Westerberg

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  10. #70
    i do it all for the cookie
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    People's ability to drive in this area has absolutely collapsed.

  11. #71
    Fuhlauto Balogna Ridenfool's Avatar
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    Double post, delete if you would be so kind.
    Last edited by Ridenfool; 03-14-2015 at 01:35 AM.

  12. #72
    Fuhlauto Balogna Ridenfool's Avatar
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    Quote Originally Posted by Austin Bike View Post
    I think you've said that before. Lots of people were cocky when gold was at $1600, but now that they are down 30-40% they don't seem to make so much noise.

    Investing in a commodity can help earn income. Investing in a commodity that is a hedge for the tinfoil hat crowd just leads to wild fluctuations over time.

    I talked to someone who pulled out all of his investments in 2008 after the election. He's not doing that well, missed an opportunity to double his money, instead of lose more of it. People were (and continue to be) irrational. The U.S. Government is not going anywhere, there worldwide collapse isn't happening.
    I don't know why you think there is going to be a worldwide collapse. That seems a little extreme to me.

    I think there is a transition in progress in the way the nations of the world conduct business between one another. This may take a while to get through, but it should be reasonably smooth, as long as nobody starts any more wars over it. The dollar will no longer be king. Nobody will be forced to take it, nor to buy our treasuries just to keep the Ponzi Scheme afloat. This is happening. Russia and China are selling their U.S. Treasury holdings (that are required to conduct trade in the post-Bretton Woods world economy) to buy gold. And, they are buying it as fast as they can sell the treasuries. Many countries have made arrangements to trade between one another in their own currencies, rather than use the dollar as has been the tradition since WWII.

    The U.S. does have a good store of gold, so, if things changed, the dollar will be pegged to the new standard, whatever it will be. Chances are it will involve precious metals as a mechanism to prevent the sort of shenanigans that have occurred with the dollar since severing its last tie to metals in the 1970s. You can't inflate a currency if an X% gold component must exist to back it up.

    This group of banks being handed the new Quantitative buckaroos has been shorting gold to the tune of multiples of the total annual production. Whether this is being done to prop up the dollar, or, some mandate to keep the gold price down allowing a low purchase price against a threat by the other countries to dump their treasury holdings all at once, I couldn't say. But, it isn't normal market practice as these huge shorts have consistently lost the players money. There are a number of investigations into this going on, and there is pressure on the London and New York exchanges to change the way gold's price discovery is managed. I read this week that a Chinese bank will be or has been added to the list of those that work together to set the gold price twice daily in London. The "London fix" as they call it. This is telling, for those who are listening. The Shanghai Gold Exchange is poised to take over the role of being the reference point, as more gold is actually being moved through this exchange than through London and New York.

    Gold has never been an "Investment," except for traders playing it like any other commodity. It is a place to store value.

    You point out how gold has lost 3.7% since last year.

    What has the dollar lost in purchasing power domestically over the years?

    Last I looked it up the dollar has lost 500% value since the mid 70s. A hundred today to buy what was twenty in those days. This feels about right. At that rate, over forty years it has averaged a loss of 8% per year.

    Gold still beats the dollar for holding value.

    What is your point?

    Metals are NOT an investment where PROFIT is to be expected. It is more like owning land, holding it because it can be exchanged for whatever is a fair value at a later date. The amount of money this might be is insignificant, but what can be purchased with it is significant. You may get a "profit" of moar dollars, but it takes moar dollars to buy the same things in the marketplace. This isn't profit, it is wealth preservation.

    If the dollar continues the trend it began in 1913, which I think is likely, it will continue to lose value year after year. If it follows the pattern of EVERY fiat currency that has ever existed, it will inflate itself out of existence. There are plenty of examples. Every fiat currency, evah, follows the same pattern, until they become souvenirs.

    This runaway growth of the money supply is seen in the stock market, as you have indicated. As the money flows out of the Federal Reserve it flows directly onto Wall Street through a handful of banks. The public records indicate that this small group of "investors" is what has driven up the market since 2008, not a multitude of investors as in a normal market. They call this tactic Quantitative Easing. Sounds harmless, doesn't it?

    Watch the market closely, there will always, eventually be a time to get off that ride.

    After that, there may not be any time at all.
    Last edited by Ridenfool; 03-14-2015 at 11:01 PM.
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  13. #73
    Poppin Fresh Doughboy's Avatar
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    Quote Originally Posted by Spicewookie View Post
    People's ability to drive in this area has absolutely collapsed.
    Ridenfool's keyboard is aboutsta collapse. He's like the Yngwei Malmsteen of Mojo rants.
    I only ride PARK..... cause that's what gear my bike is usually in. PARK

  14. #74
    Fuhlauto Balogna Ridenfool's Avatar
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    Quote Originally Posted by Doughboy View Post
    Ridenfool's keyboard is aboutsta collapse. He's like the Yngwei Malmsteen of Mojo rants.
    Thank you, thank you. (whatever a Yngwei Malmsteen is?) I'm here for the duration of AB's feared economic collapse, ladies and germs. Don't forget to tip the wait staff.
    Last edited by Ridenfool; 03-14-2015 at 08:26 AM.
    "When we remember we are all mad, the mysteries of life disappear and life stands explained."
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  15. #75
    Poppin Fresh Doughboy's Avatar
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    Quote Originally Posted by Ridenfool View Post
    Thank you, thank you. (whatever a Yngwei Malmsteen is?)
    He's from Sweden and he will melt your face off.

    I only ride PARK..... cause that's what gear my bike is usually in. PARK

  16. #76
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    I happen to agree with everything Ridenfool says. There are certain principals to economics that are irrefutable.
    You don't have to be a doom and gloomer to think that gold/silver is good to have as part of your holdings.

  17. #77
    Mojo Slow-poke Austin Bike's Avatar
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    Quote Originally Posted by The Tip View Post
    There are certain principals to economics that are irrefutable.
    Is your degree in economics?
    "A person can work up a mean, mean thirst after a hard day of nothing much at all" - Paul Westerberg

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  18. #78
    Fuhlauto Balogna Ridenfool's Avatar
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    Quote Originally Posted by Austin Bike View Post
    Is your degree in economics?
    You mean like the degrees borne by the faithful followers of John Maynard Keynes who have engineered this mess we're in?

    I wouldn't put much faith in someone who received an economics degree from a U.S. college in being able to even understand the nature of the problem unless they had taken it upon themselves to continue their education from another perspective.

    Nice example of using an ad hominem response to avoid offering a logical or rational one. Well done!
    Last edited by Ridenfool; 03-15-2015 at 10:31 AM.
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  19. #79
    Poppin Fresh Doughboy's Avatar
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    Quote Originally Posted by Austin Bike View Post
    Is your degree in economics?
    A physicist, a chemist, and an economist are stranded on a desert island. One can only imagine what sort of play date went awry to land them there. Anyway, they’re hungry. Like, desert island hungry. And then a can of soup washes ashore. Progresso Reduced Sodium Chicken Noodle, let’s say. Which is perfect, because the physicist can’t have much salt, and the chemist doesn’t eat red meat.

    But, famished as they are, our three professionals have no way to open the can. So they put their brains to the problem. The physicist says “We could drop it from the top of that tree over there until it breaks open.” And the chemist says “We could build a fire and sit the can in the flames until it bursts open.”

    Those two squabble a bit, until the economist says “No, no, no. Come on, guys, you’d lose most of the soup. Let’s just assume a can opener and eat.
    I only ride PARK..... cause that's what gear my bike is usually in. PARK

  20. #80
    h8ter of all things fun. The Toninator's Avatar
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    BID ASK +/- LDN
    GOLD 1,113.5 1,114.2 -20.5 12:57
    SILVER 14.79 14.84 -0.02 12:57
    PLATINUM 978.0 983.0 -11.0 12:55
    PALLADIUM 607.0 612.0 -4.0 12:57
    Ya'll don't know what it's like
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