It's not just the federal reserve, it's not just our government, it's the moral culture of our society
We permit this to happen, we give moral justifications for it. Most people believe it's moral for the economy to be controlled, they don't care about the effects but the morality of Altruism states that you must be forced to help others and that is what most people believe
When I say exploit; you left out the most important part "they would jump at the chance" to be exploited. It is like if a victoria secret model wanted to exploit me-- I'd be happy to do so. All voluntary.
There,s no doubt in my mind the Peter Schiff is one the America's most important assets, He,s on a daily basis telling the powers that be how to sort this mess out, He saw it coming he knows every nook and cranny of the problem and most importantly he knows how to fix it !! He,s tenacious too, 5s
The last time it went above $1000 and then plummeted, I was buying a lot of it and everyone was telling me I was an idiot and stupid; that I was catching a falling knife.
I guess sometimes it pays to be stupid.
Anyway, I would not buy right now, I would wait for the next dip.
5:55 - if demand collapses, why would prices go through the roof? Exchange rates alone can't cause overall price inflation, because an increase in the money spent on foreign goods means a decrease in the money spent on domestic goods.
What will cause prices to go through the roof will be the "rebound" from the pumping of the money supply by the Fed, which will raise inflationary expectations and will create a classic inflationary spiral until a politician has the balls to cut the money suppy.
Lenin predicted a crisis of capitalism caused by a LACK of demand. The cause of the current crisis was caused by an EXCESS of demand. Or, put another way, loose credit led to a loose economy that didn't have the taut strength to deal with the sub-prime crisis.
Maybe you should research the Chinese Government's military size which is currently 6 times the size of America's 2.4 million active duty and reserve troops.
The U.S. has more military than the rest of the world combined. If the world doesn't want dollars the world will be bombed into taking them. Then Jesus will come.
money is printed paper. its not a part of nature it's just a thing man makes up. you can just print more money if you want to and thats whats making the old school gold and silver holders angry.
they looted the gold from the ancient temples anyway so its useless now
to me it looks like ng is the worst out of your three. Remembering you not investing directing in gold, rather a company that has gold, so if the company has problems the stock will to poorly no make what gold is at. I use to have GSS and it wasnt following gold so i sold it. below is a comparison chart of all of them
I invest in gold companies, and hong kong listed chinese companies. I buy some physical, and I think palladium is a good deal at these levels. I would buy closed end funds trading at discounts close to 20%, but I'm stuck in a short term quick money phase.
sorry I disagree
It's not just the federal reserve, it's not just our government, it's the moral culture of our society
We permit this to happen, we give moral justifications for it. Most people believe it's moral for the economy to be controlled, they don't care about the effects but the morality of Altruism states that you must be forced to help others and that is what most people believe
The Federal Reserve is evil. Enough said.
Peter why do you buy Yen isn't japan in a lot of fiscal trouble as well??
The have govt debt over 218% of GDP, isn't the Yen in for some trouble?
had to be a white ass to make that comment well since you want to go there they got exactly wht they deserve dont u think...
i am really lonely any guys want to join me on my cam?
When I say exploit; you left out the most important part "they would jump at the chance" to be exploited. It is like if a victoria secret model wanted to exploit me-- I'd be happy to do so. All voluntary.
Those who would give up monetary soundness to purchase a little temporary credit, deserve neither soundness nor credibility.
loosely based on a quote by Benjamin Franklin
!SPREAD THE WORD!
There,s no doubt in my mind the Peter Schiff is one the America's most important assets, He,s on a daily basis telling the powers that be how to sort this mess out, He saw it coming he knows every nook and cranny of the problem and most importantly he knows how to fix it !! He,s tenacious too, 5s
Thanks for infor. Flyguy01 , I really didn't know , keep up the good detect work
there is a lack of demand for what little american made products we have...so yes im right
The last time it went above $1000 and then plummeted, I was buying a lot of it and everyone was telling me I was an idiot and stupid; that I was catching a falling knife.
I guess sometimes it pays to be stupid.
Anyway, I would not buy right now, I would wait for the next dip.
I've been buying it since it was in the $600's.
Something tells me you were not buying gold at $600.......butt by all means.......buy it up at $1075.....
5:55 - if demand collapses, why would prices go through the roof? Exchange rates alone can't cause overall price inflation, because an increase in the money spent on foreign goods means a decrease in the money spent on domestic goods.
What will cause prices to go through the roof will be the "rebound" from the pumping of the money supply by the Fed, which will raise inflationary expectations and will create a classic inflationary spiral until a politician has the balls to cut the money suppy.
Lenin predicted a crisis of capitalism caused by a LACK of demand. The cause of the current crisis was caused by an EXCESS of demand. Or, put another way, loose credit led to a loose economy that didn't have the taut strength to deal with the sub-prime crisis.
Yeah, it was a suckers bet when it was at $800 too.
Maybe you should research the Chinese Government's military size which is currently 6 times the size of America's 2.4 million active duty and reserve troops.
What if we become Capitalists and set the bar for free trade. That would be crazy!!! I wonder if it's possible. Anti-Capitalism is EVERYWHERE!!!!
The U.S. has more military than the rest of the world combined. If the world doesn't want dollars the world will be bombed into taking them. Then Jesus will come.
money is printed paper. its not a part of nature it's just a thing man makes up. you can just print more money if you want to and thats whats making the old school gold and silver holders angry.
they looted the gold from the ancient temples anyway so its useless now
Lenin predicted it =(
to me it looks like ng is the worst out of your three. Remembering you not investing directing in gold, rather a company that has gold, so if the company has problems the stock will to poorly no make what gold is at. I use to have GSS and it wasnt following gold so i sold it. below is a comparison chart of all of them
to me
I have some NG, GBG, and GRZ. GBG sucks.
I invest in gold companies, and hong kong listed chinese companies. I buy some physical, and I think palladium is a good deal at these levels. I would buy closed end funds trading at discounts close to 20%, but I'm stuck in a short term quick money phase.
you've got a great personality.
Your blog is so informative … keep up the good work!!!!
I would buy closed end funds trading at discounts close to 20%, but I’m stuck in a short term quick money phase.
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I really enjoy your articles. Very well written. I look forward to reading more. Thanks for share with us. Take care!