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| Jayster
Incredible Member (2000+ posts)
2060 Posts
Gratitude: 927
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 Posted - 09/16/2013 : 01:20:00
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I have a little quandry:
It turns out white rice will last forever, but is less valuable for the body that brown rice, which has a limited shelf life. Actually, white rice will last at least 30 years, and that's longer than I'll last!
My quandry: When I go to the Food Pantry, they ask me if I want two pounds of white rice or two pounds of brown rice.
Jayster |
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| Administrator
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15007 Posts
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Posted - 09/18/2013 : 17:25:37
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GREAT DAY FOR GOLD
This might reverse the previous downward slide.
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| Administrator
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Posted - 09/18/2013 : 18:40:24
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GOLD PRICE WENT UP 4.18%; SILVER WENT UP 6.57%
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| Jayster
Incredible Member (2000+ posts)
2060 Posts
Gratitude: 927
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Posted - 09/22/2013 : 20:25:44
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Psychiatrists don't have a lot of status in our world: people would be more inclined to look up to a surgeon, for example. And the patients of psychiatrists particularly don't have a lot of truck in today's world. Therefore, I have had a hard time getting people in my circle to come out and look at Dr. Long's writings on economic predictions and plans one could make for oneself.
By myself, I have very little financial resources, but paired with my siblings and my girlfriend, I'm penny royalty; I have gotten my girlfriend to take possession of about $10,000 worth of physical precious metals. I feel good about that; she is willing to point out today's buying price is less than the price we paid when we laid out the money, but I don't get beat up about it.
I like doing disaster planning and watching the signs in the world. And, yes, I did buy another two dozen tapers.
Jayster |
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| Jayster
Incredible Member (2000+ posts)
2060 Posts
Gratitude: 927
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Posted - 09/25/2013 : 03:03:59
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Beyond Borders (2003)
I definitely have issues with boundaries!
Angelina Jolie was nominated for worst actress for this film. I liked it, however. Yeah I can see calling the romance with Clive Owner banal, but what the heck. The mood is a "good cry," and why not have a good cry.
War and disaster, which may come to me in the USA, create the film's backdrop, and thinking my way makes the film tinge prophetic. Another thing, I am an obsessive. Therefore I'm tickled watching love-obsessed Angelina Jolie and Clive Owen. I feel legitimized, but your mileage may vary.
Jayster |
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| Jayster
Incredible Member (2000+ posts)
2060 Posts
Gratitude: 927
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Posted - 10/10/2013 : 20:41:16
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Bloomberg News
Ben S. Bernanke, the world’s most-powerful central banker, says he doesn’t understand gold prices. If his peers had paid attention, they might have stopped expanding reserves that lost $545 billion in value since bullion peaked in 2011.
Bernanke, who holds economics degrees from Harvard College and the Massachusetts Institute of Technology and led the Federal Reserve through the biggest financial disaster since the Great Depression, told the Senate Banking Committee in July that “nobody really [...]
Read the full story at http://www.bloomberg.com/news/2013-10-06/gold-befuddles-bernanke-as-central-banks-losses-at-545-billion.html
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| Administrator
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15007 Posts
Gratitude: 3353
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Posted - 10/12/2013 : 09:21:01
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NOW IT IS OBVIOUS THAT THE GOVERNMENT IS MANIPULATING THE PRICE OF GOLD
Defending The US Dollar
The US government is purposely devaluing the US dollar so that it can pay back its creditors with devalued "50-cent dollars". In order to prevent people fleeing the devalued dollar to a safe haven, like gold or silver, the US government is trying to scare investors away from precious metals.
It does this by suddenly dumping billions of dollars of gold onto the market. This is done by "naked short selling" of "paper gold". The government (actually its bullion banks like JP Morgan who act as the government's proxy) doesn't actually have the gold that it is selling; it is only selling paper IOUs for gold.
This scam sells this paper gold for a higher price than the government eventually buys it back for - after this massive selling of gold drops the price of gold. Thus this scam ends up with the government still owning its original amount of gold, but the price of gold is much lower.
This lower price of gold is exactly what the government wants. It doesn't want the price of gold rising as the value of the US dollar drops.
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| Jayster
Incredible Member (2000+ posts)
2060 Posts
Gratitude: 927
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Posted - 10/12/2013 : 09:28:31
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If it comes to selling physical gold, the government has a huge amount to sell . . .
I could understand gold going down on naked selling, but silver is down even more than gold . . .
Jayster
Hi Jayster, The price of gold and silver is always highly correlated. I haven't figured out why. In 1980, when the directors of COMEX artificially crashed the silver market, the gold market also fell - yet COMEX hadn't manipulated its price. It seems that traders and speculators watch gold and silver closely. Whatever happens to one precious metal triggers a reaction in the other precious metal's price. Weird eh? Phil Long MD
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| Administrator
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15007 Posts
Gratitude: 3353
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Posted - 10/12/2013 : 21:31:17
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| Administrator
Administrator
15007 Posts
Gratitude: 3353
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Posted - 10/14/2013 : 08:34:17
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| Administrator
Administrator
15007 Posts
Gratitude: 3353
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Posted - 10/17/2013 : 22:33:45
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EVIDENCE THAT GOLD IS STILL A GREAT INVESTMENT
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| Administrator
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15007 Posts
Gratitude: 3353
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Posted - 10/18/2013 : 12:23:49
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SOME GOVERNMENT IS MANIPULATING THE PRICE OF GOLD
Someone Doesn't Want You To Buy Gold
Three times in the past week, some government has bought or sold a billion dollars or more of gold on the market over a few seconds.
Twice, a billion dollars worth of gold was sold in a few seconds; and once a billion dollars worth of gold was bought in a few seconds. These sudden moves caused wild swings in the price of gold (by 3% or more).
Gold traders never do this. You don't sell a billion dollars of gold on the market in a few seconds because it artificially will destroy the price of gold. For the same reason, you don't buy a billion dollars of gold in a few seconds because it will artificially cause the price of gold to skyrocket.
Only governments have the ability, through their proxy bullion banks, to drop a billion dollars of gold on the market in a few seconds.
But why would a government purposely try twice to artificially decrease the price of gold; then try to artificially increase the price of gold. All that this would accomplish is to wildly increase the volatility of the price of gold.
And that is why the US government is manipulating the gold market. The US dollar is steadily falling, and the US government doesn't want investors to flee the US dollar and transfer their wealth into gold as a safe haven. Thus, by making gold look "too volatile", the US government wants to discourage gold being seen as a safe haven. |
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| Jayster
Incredible Member (2000+ posts)
2060 Posts
Gratitude: 927
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Posted - 10/23/2013 : 22:07:37
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I'm glad the the prospect of World War has momentarily calmed down. It does give me a chance to further my preparations for disaster.
What preparations one would want to make depends a lot upon when disaster will strike and how severe it will strike. I'm watching the signs and symptoms of this hurting world . . .
When I got this apartment, the guy before me had left some furniture I found valuable. Specifically, there is little counter space in the kitchen, and therefore a desk he left behind is now "counter space". In fact, I have a very heavy and big microwave oven covering half the desk top. Underneath my microwave is a drawer that opens up to display a vanity mirror. But it is impossible to open that drawer without taking almost everything off the top. So, it was useless space. But now that drawer is filled with six pounds of sugar, six pounds of white rice, and ten pounds of pasta. I don't care if that drawer is not opened again for years! In fact, I'd like it that way!
It was just my birthday, and from the list of things I wanted for my birthday, my girlfriend chose to get me another blanket. Good! It makes me happy! It is like 42 North Latitude here; blankets are desired item in a Winter emergency.
When in college, a friend mentioned that, "Ya know, in a real emergency, it is valuable to be around a paranoid. They've already thought of weird things that could possibly go wrong." At the time, I didn't realize he was throwing me a bone; I had no idea at the time that I qualified as "paranoid" personality, but I'm guessing he did. At any rate, it is a couple med prescribers, who are well aware of who I am, who are seriously lending me a hand getting ready for a crisis. They're doing what they can to see that I have a year's supply of medications I would want in a year without the option of going to a pharmacy.
Jayster |
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| Jayster
Incredible Member (2000+ posts)
2060 Posts
Gratitude: 927
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Posted - 10/31/2013 : 22:32:34
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The girlfriend thinks it is such a long wait hoping for gold and silver to climb back up to what she paid for them.
The good news is that when precious metals crashed recently, I talked her into getting two ounces of Palladium, and that at least shows a profit!
J.
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| Administrator
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15007 Posts
Gratitude: 3353
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Posted - 11/07/2013 : 09:18:23
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"We are part of a giant poker game against the US government, whose hand is the true condition of the American economy. The government has become so good at bluffing that most people feel compelled to watch how the biggest players in the game react to determine their own investment strategy.
Unfortunately, this past month revealed that even pros like Goldman Sachs have no idea what sort of hand Washington is really hiding.
Goldman Bets Against Gold
A week into the government shutdown, Jeffrey Currie, head of commodities research at Goldman Sachs, declared that gold would be a "slam dunk sell" if Washington resolved the budget debate and raised the debt ceiling. The call was based on an underlying narrative that the US economy is experiencing a slow, but inevitable, recovery.
Taking this recovery as a foregone conclusion, conventional Wall Street analysts saw two clear choices for Washington. On the one hand, Congress could reach an agreement, raise the debt ceiling, and allow the recovery to continue. This would allegedly have been the final nail in the coffin of the safe-haven appeal of gold.
On the other hand, if no agreement were reached, the government would have been forced to default on its debt. This would have erased any signs of recovery and sent the economy spiraling back into a terrible recession - while boosting the gold price.
Goldman reasoned that Washington would never allow the latter to unfold and suggested investors prepare to short or sell gold.
While Washington did kick the debt can down the road as predicted, gold rallied 3% on the news - the complete opposite of expectations. That is, expectations outside of Euro Pacific.
Misreading the Signals
After seeing an investment theory crushed by reality, a rational investor would take a moment to reexamine his premises. In Goldman's case, this would mean second-guessing the conventional belief in an imminent or ongoing US economic recovery.
Yet, the day after Washington reached an agreement, Currie reaffirmed to Goldman's clients that his US economic outlook for 2014 is positive and that he believes gold faces "significant downside risks."
Currie must not have wanted to muddy his message by acknowledging that his original forecast was flat wrong. He did, however, hedge his statements by acknowledging that the Federal Reserve would likely hold off on tapering its stimulus until next year.
Major Wall Street investment houses have come to rely on the investing public's short-term memory to skate by on these bad calls. When the next forecast is issued, clients and subscribers quickly forget that Goldman was blindsided by the Fed's taper fakeout in September. [Read more about the taper fakeout in my previous Gold Letter.] That Currie accepted the government's new taper timeline within a month of being burned by the last shows how little stomach they have for sticking to the fundamentals - and how little accountability they face for getting it wrong.
Instead, major players like Goldman Sachs are betting their books on the government's fearless bluff. In the eyes of Wall Street, the economic indicators support this conclusion - inflation is subdued, GDP is growing!
The Bluff Exposed
I've been an outspoken critic of this official data for years. Over the course of my career, I have witnessed the government dramatically change the way it calculates inflation, GDP, and other statistics. While Washington's latest figures show a year-over-year CPI increase of just 1.2%, the private service ShadowStats, which recalculates the data along the lines that the government used to, finds that real consumer inflation is closer to 9%.
My guess is the true number lies somewhere in between, but that it would be much higher were the US not able to export much of its inflation abroad. The process works as follows: the Fed prints money (inflation) and uses it to buy Treasuries and mortgages. The government and banks, in turn, pass much of that money to consumers, who spend it on imported goods. The money then flows to foreign manufacturers of those products, who then sell it to their own central banks, who print their own currencies (inflation) to buy it. This money goes out to pay wages, rents, etc., which the recipients then spend on goods & services. Finally, the foreign central banks use the dollars they buy to purchase US Treasuries and mortgages, starting the cycle again.
It's a complicated relationship, but the end result is that inflation created in the US ultimately bids up consumer prices abroad and Treasury prices at home. In other words, our trading partners have to pay much more for goods & services while Americans get to borrow limitless money for next to nothing. The products our trading partners "sell" us increase the supply of goods available to American consumers while simultaneously decreasing the supply available to everyone else. That is what I mean by "exporting inflation," and the important thing to remember is that its result is to mask inflation at home and transfer wealth from emerging markets to the US.
The bluff gets worse. These understated CPI numbers distort real GDP, which would be lower if the true inflation rate were applied. The GDP calculations also include items like government expenditures, which are possible only because of money printing and not a result of any real economic production. Again, compare the official figure of 1-2% GDP growth in the second quarter of 2013 to ShadowStat's figure of negative 2%.
If investors can't bring themselves to question official data, there's another way to see through the government's bluff: look to foreign central banks, which are actively preparing for the day when the dollar is no longer the world's reserve currency.
The Bank of Italy recently affirmed that its gold reserves are essential to its economic independence, while the World Gold Council reported that this past year, European central banks held onto more of their gold reserves than ever before. China, the largest holder of US debt and the biggest consumer of gold in the world, has started openly talking about ending the dollar's reserve status. And while we don't know the total gold reserves of the Chinese government, there are signs that they are stockpiling.
Even US Treasury officials admit that the US will never sell its gold reserves to deal with debt obligations. One spokesperson said, "Selling gold would undercut confidence in the US both here and abroad, and would be destabilizing to the world financial system."
Time to Cash Out
So, who should investors believe about gold? Wall Street bankers who directly benefit from asset bubbles created by the Fed's inflationary stimulus?
No, it's time for individual investors to leave the table and redeem their chips. Just remember - the longer you wait to cash out of the US dollar, the less you're going to get for your winnings." |
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Gold is getting hammered
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