Declaration of martial law in America imminent
- Thread starter Maetryx
- Start date
Gold Bugs crack me up. They've been repeating precisely the same mantra since metals crashed 20 years ago, and prices haven't risen since.
Russ, NCNE
Russ, NCNE
<< It is now time to take every precaution against this very real threat, and that includes stepping up accumulation of physical gold to your financial portfolio. >>
From a site called gold-eagle.com, no less. Could they have an agenda?
I wonder how many suckers have loaded up over the years and are sitting, patiently waiting for all the catastrophic predictions to materialize?
Russ, NCNE
ah another missed business opportunity.. why didn't i think of that
paranoid nut cases are perfect customers.. so desperate
paranoid nut cases are perfect customers.. so desperate<<...US troops are cross-training with European troops...>>
The European Union can't hold a candle to the US's 50 States working together for the common good.
And they lecture us all the time on how things should be done. Hahaha.
The Euro is a wannabe USDollar. It would have better luck lock-stepping with the Canadian Dollar to which it hopes to catch up.
As for Gold, it's just one standard amongst many, as are 14 year-old nubiles on the slave market. Value is where you find it.
True value is what you can't afford.
The European Union can't hold a candle to the US's 50 States working together for the common good.
And they lecture us all the time on how things should be done. Hahaha.
The Euro is a wannabe USDollar. It would have better luck lock-stepping with the Canadian Dollar to which it hopes to catch up.
As for Gold, it's just one standard amongst many, as are 14 year-old nubiles on the slave market. Value is where you find it.
True value is what you can't afford.
When I read the title of the post, I was thinking the exact thing Russ posted...
...However, in '92 I think, Marines at Twentynine Palms were asked to fill out a questionaire. One of the questions was if you were ordered to go house to house and confiscate guns from private owners, would you do it?
Although the percentage was low that would, I was surprised ANY would say they would obey that order.
NATO, the UN, and even the American Red Cross all have antigun policies. Theay are not inferred policies, btw, but are in writing...
Although we might find the posted article far fetched, do not totally discount the possibility...
...However, in '92 I think, Marines at Twentynine Palms were asked to fill out a questionaire. One of the questions was if you were ordered to go house to house and confiscate guns from private owners, would you do it?
Although the percentage was low that would, I was surprised ANY would say they would obey that order.
NATO, the UN, and even the American Red Cross all have antigun policies. Theay are not inferred policies, btw, but are in writing...
Although we might find the posted article far fetched, do not totally discount the possibility...
Tom,
I don't necessarily discount the possibility (although, I find it unlikely), but I sure as hell discount the source.
ryudo,
Why? Because it's been stagnant for 20 years? Hell, Strom Thurmond's wanger has been dormant that long. Doesn't mean he's suddenly going to wake up with a woody tomorrow.
Now, don't get me wrong. I happen to think it's good idea to have a small portion of ones portfolio in metals, as a hedge. But, what galls me are these Chicken Little Hucksters spinning these yarns just to catch some suckers.
Russ, NCNE
I don't necessarily discount the possibility (although, I find it unlikely), but I sure as hell discount the source.
ryudo,
Why? Because it's been stagnant for 20 years? Hell, Strom Thurmond's wanger has been dormant that long. Doesn't mean he's suddenly going to wake up with a woody tomorrow.
Now, don't get me wrong. I happen to think it's good idea to have a small portion of ones portfolio in metals, as a hedge. But, what galls me are these Chicken Little Hucksters spinning these yarns just to catch some suckers.
Russ, NCNE
Russ,
Re: Why gold?
Gold acts a store of value like many other thing, such as dollars, credit cards, bank accounts, baseball cards, clams, stock certificates, etc. When the world's artificial fiat money systems work well and economies run efficiently, gold loses it value. In these times, its only basic use is jewelry. It cannot grow, cannot be used as food, and cannot be used in industrial processes.
However, when these political economic systems collapse, gold rises in value due to its perceived inherent value.
For the past 20 years, we have had an economic expansion (bull market since '82). Gold has decreased in value. For the latter part of the last decade, we have had an artificially induced boon created by artificially low interest rates mandated by central bankers. The result is excess credit which inevitably leads to excess debt. In our case, massively excess debt. The bubble is slowly deflating and central bankers are now only exacerbating and delaying the inevitable. What will happen is a rise in gold.
And along with gold, so will other commodities rise. In an artifically induced economic expansion, money flows to "hot" industries like dotcoms, semiconductors, and telecom equipment. Basic things like commodities (gold, oil, platinum, food, coal, lumber, etc) are ignored until they are massively undersupplied. Also, because of economic expansion, their demand rises, but nobody cares since all the new investment is happening in "hot" industries. At some point, this cycle breaks and commodity prices skyrocket. Some signs of this are already evident - oil prices bottomed in 1998 and have tripled. Platinum has just about quadrupled in the past couple of years. Natural gas prices have increased 10-fold in the last 2 years. California has not built any new plants in over 10 years and now the price of power has dramatically increased.
Sooner rather than later, the rest of the commodities will rise in price, including gold. I believe we are on the verge of a new bull market in gold. I think that other commodities are better values because they have more industrial uses. But gold is about to have it day.
Re: Why gold?
Gold acts a store of value like many other thing, such as dollars, credit cards, bank accounts, baseball cards, clams, stock certificates, etc. When the world's artificial fiat money systems work well and economies run efficiently, gold loses it value. In these times, its only basic use is jewelry. It cannot grow, cannot be used as food, and cannot be used in industrial processes.
However, when these political economic systems collapse, gold rises in value due to its perceived inherent value.
For the past 20 years, we have had an economic expansion (bull market since '82). Gold has decreased in value. For the latter part of the last decade, we have had an artificially induced boon created by artificially low interest rates mandated by central bankers. The result is excess credit which inevitably leads to excess debt. In our case, massively excess debt. The bubble is slowly deflating and central bankers are now only exacerbating and delaying the inevitable. What will happen is a rise in gold.
And along with gold, so will other commodities rise. In an artifically induced economic expansion, money flows to "hot" industries like dotcoms, semiconductors, and telecom equipment. Basic things like commodities (gold, oil, platinum, food, coal, lumber, etc) are ignored until they are massively undersupplied. Also, because of economic expansion, their demand rises, but nobody cares since all the new investment is happening in "hot" industries. At some point, this cycle breaks and commodity prices skyrocket. Some signs of this are already evident - oil prices bottomed in 1998 and have tripled. Platinum has just about quadrupled in the past couple of years. Natural gas prices have increased 10-fold in the last 2 years. California has not built any new plants in over 10 years and now the price of power has dramatically increased.
Sooner rather than later, the rest of the commodities will rise in price, including gold. I believe we are on the verge of a new bull market in gold. I think that other commodities are better values because they have more industrial uses. But gold is about to have it day.
even if metals do make a come back, gold won't be as attractive as other more USEFUL metals, such as Titanium, Platinium, etc...
and rofl - look at the e-mail address of the dimwit who wrote this: cdroke9819@[b]aol.com[/b]
IT EXPLAINS EVERYTHING...
once again, AOL users have to proven to be idiots...
IT EXPLAINS EVERYTHING...
once again, AOL users have to proven to be idiots...
even if metals do make a come back, gold won't be as attractive as other more USEFUL metals, such as Titanium, Platinium, etc...
Agree. But, platinum, paladium, titanium, etc, have had a pretty nice runup while nobody noticed. Gold is still almost universally hated as an investment. That is the best time to get in.
Agree. But, platinum, paladium, titanium, etc, have had a pretty nice runup while nobody noticed. Gold is still almost universally hated as an investment. That is the best time to get in.
ryudo,
Gee, your post seems strangely familiar, almost like I've been reading exactly the same thing once a week for two decades.
Russ, NCNE
Gee, your post seems strangely familiar, almost like I've been reading exactly the same thing once a week for two decades.
Russ, NCNE
Gee, your post seems strangely familiar, almost like I've been reading exactly the same thing once a week for two decades.
Maybe so, but I did not write them.
Things do change.
There have been recent developments that were not existant for the last two decades. We've had a massive bubble in the tech sector that was just pricked in Feb 2000. And fact is that oil, nat gas, and paladium prices have had a dramatic increases since only 1998 - not the last 20 years. And it is a fact that new infrastruture for energy has been severely undersupported.
Maybe so, but I did not write them.
Things do change.
There have been recent developments that were not existant for the last two decades. We've had a massive bubble in the tech sector that was just pricked in Feb 2000. And fact is that oil, nat gas, and paladium prices have had a dramatic increases since only 1998 - not the last 20 years. And it is a fact that new infrastruture for energy has been severely undersupported.
glenn1
Lifer
- Sep 6, 2000
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<< Re: Why gold? >>
Owning a reasonably small portion of one's portfolio in metals - either a precious metals mutual fund, or a precious metals mining company stock - as a protective investment hedge against inflation, can be a good idea. It's not been for a long time as Russ has pointed out, but that's beside the point, we buy insurance hoping we want need to make use of it as well.
What is a BAD investment is purchase of the actual metal itself, unless you have as a hobby being a coin collector. Purchasing gold bullion coins is an absolutely stupid idea, as the liquidity of bullion is somewhere in the neighborhood of the normal run of the mill OTCBB penny stock, which is essentially nil.
One day, the gold bugs will be right. I just don't forsee that being the case for the near term (under 1 year) at a minimum... for those willing to do a few nanoseconds of research, you'll see that commoditites prices have been coming down for a while now, excepting a very brief run for gold back in April or so.
What is a BAD investment is purchase of the actual metal itself, unless you have as a hobby being a coin collector. Purchasing gold bullion coins is an absolutely stupid idea, as the liquidity of bullion is somewhere in the neighborhood of the normal run of the mill OTCBB penny stock, which is essentially nil.
I did not mean to imply that people should buy bullion if I did. What is a better investment, if one likes gold, is to buy gold mining stocks that do not do any hedging/forward selling. This is because they are leveraged to the price of gold so that a specific % increase in gold results in a larger % increase in the gold mining stock.
for those willing to do a few nanoseconds of research, you'll see that commoditites prices have been coming down for a while now, excepting a very brief run for gold back in April or so.
Not so - if you read my post and do some research, you will see that many commodities (like platinum, paladium, rhodioum, oil, natural gas, coal, diamonds, etc) have performed really well recently.
The big picture has changed. Only a few people realize it. Those people who follow recent trends and then proceed will not benefit, and may even lose their money. Look at the people who bought tech stocks at the begining of 2000. They said "Hey, look, tech stocks have been going up for a long time. Let's buy tech stocks." They ignored the underlying picture of overvaluation, overcapacity, and lack of demand. The same people are now saying "Look, commodity stocks have been going down for a long time. Let's not buy them" They are ignoring the underlying picture of undervaluation, undercapacity, and increased demand. When they finally realize the truth, prices will be much higher and when they finally jump in and buy to push prices up even higher, that is when the few people who jumped in early will sell.
By no means am I a "gold bug." I was a rabid technology bull until just about the end of 1998. I did buy oil drilling stocks at the end of 1998 and sold less than 6 months later for a quick double. They are much higher now. What is more apparent now is that a secular change in the economy is occurring.
I did not mean to imply that people should buy bullion if I did. What is a better investment, if one likes gold, is to buy gold mining stocks that do not do any hedging/forward selling. This is because they are leveraged to the price of gold so that a specific % increase in gold results in a larger % increase in the gold mining stock.
for those willing to do a few nanoseconds of research, you'll see that commoditites prices have been coming down for a while now, excepting a very brief run for gold back in April or so.
Not so - if you read my post and do some research, you will see that many commodities (like platinum, paladium, rhodioum, oil, natural gas, coal, diamonds, etc) have performed really well recently.
The big picture has changed. Only a few people realize it. Those people who follow recent trends and then proceed will not benefit, and may even lose their money. Look at the people who bought tech stocks at the begining of 2000. They said "Hey, look, tech stocks have been going up for a long time. Let's buy tech stocks." They ignored the underlying picture of overvaluation, overcapacity, and lack of demand. The same people are now saying "Look, commodity stocks have been going down for a long time. Let's not buy them" They are ignoring the underlying picture of undervaluation, undercapacity, and increased demand. When they finally realize the truth, prices will be much higher and when they finally jump in and buy to push prices up even higher, that is when the few people who jumped in early will sell.
By no means am I a "gold bug." I was a rabid technology bull until just about the end of 1998. I did buy oil drilling stocks at the end of 1998 and sold less than 6 months later for a quick double. They are much higher now. What is more apparent now is that a secular change in the economy is occurring.
GasX
Lifer
- Feb 8, 2001
- 29,033
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<< We have already reported on the fact that gold and gold mining shares have discounted in advance the high probability for war in the immediate future for the U.S. and many other leading economic powers, most prominently China and Taiwan. >>
If what this article predicts is true, gold would be rising, not dropping.
<< The recent failure of rally in U.S. stock market must be interpreted as an advance signal that the hostile military actions are approaching ever closer to home on almost a daily basis >>
The author provides NO explanation as to why you should draw this conclusion. I see ZERO possible connection between the effect and the conclusion, but the author seems to think that not only is there a connection, but that the connection is clear and unequivocal.
I won't even go into the inflammatory and pathetically absurd statements later in the article.
Stay the hell away from gold. Don't be stupid. You want safe? buy a CD.
glenn1
Lifer
- Sep 6, 2000
- 25,383
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<< I did not mean to imply that people should buy bullion if I did. What is a better investment, if one likes gold, is to buy gold mining stocks that do not do any hedging/forward selling. This is because they are leveraged to the price of gold so that a specific % increase in gold results in a larger % increase in the gold mining stock. >>
Having a position in one of the better mining stocks, HM being one potential, isn't necessarily a bad thing, as long as with everything, you're doing it in moderation. While they're not quite as leveraged to inflation, i would think that normal basic materials stocks (DD, RS, AA, etc.) might be a better and safer long-term bet however, IMHO.
Linflas
Lifer
- Jan 30, 2001
- 15,395
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<< and rofl - look at the e-mail address of the dimwit who wrote this: cdroke9819@[b]aol.com[/b]
IT EXPLAINS EVERYTHING...
once again, AOL users have to proven to be idiots... >>
Perhaps I would have more respect for your opinion if it was based on something other than trashing the person based on their choice of email/online service provider. I suspect that while AOL has a very high percentage of non-technical users I doubt that anymore idiots use their service than any other online service. Ignorance of computer and networking technology does not imply idiocy. Ignorance is not a synonym for stupidity.
<< once again, AOL users have to proven to be idiots... >>
can you have to proven to us that you know how to spoke?
<< The big picture has changed. Only a few people realize it. >>
....1987
Oops! Had a flashback. I'd also point out that any small rise recently in metals is eaten up many times over by 20 years of stagnation (inflation erosion, ever hear of that?)
Sometimes I think Gold Bugs are that way only because it is so pretty.
Russ, NCNE
Sgt. Mikal's bunker is almost complete! Soon, we will be protected from the nuclear nightmare to come!!!
Oh, wait, that was a movie I saw the other day. Never mind....
Oh, wait, that was a movie I saw the other day. Never mind....
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