After this recent spate of dribble I am totally convinced its the same guy. He has been spouting this same crap for years and years now under a variety of screen names. If you listened to him at any point you got buried

So silver has lost a lot of value over the years and produces no income? Check.

just when you thought a thread couldnt get anymore AIDsy...

From the years 3100BC-3000BC which performed better gold or the S&P.

From the years 500-600 which performed better? Gold or the S&P?

From the years 1800-1900 which performed better gold or the S&P?

Which will perform better 800 years in the future? Gold or the S&P?

Also, gold is money hence its value remaining constant.... But even if you wanted to view it as an investment and value it in terms of dollars which is meaningless...... Isn't gold out performing the S&P this century?

The global debt bubble crisis is real people. No amount of criticizing gold is going to change that. Central banks have printed over 10 trillion and counting just to keep things afloat. That's not doomsday theory... Just pure fact. Not to mention most investors are terrified on a tiny 1/4 point move by the fed and just maybe people can begin to grasp the gravity of the situation.

Being dependent on central banks to continually prop up markets is a sure recipe for enormous failure.

are you fully stocked up on canned soup and tuna?

PokerJunkie00: You should probably contribute your thoughts to the Silver thread, which is the best thread in 2p2 history.

http://forumserver.twoplustwo.com/30...silver-971859/

He already has under a couple of other screennames

Mr. Baseball...

What are your thoughts?

If so, then each subsequent iteration seems to become more insane than the previous one.

Take your garbage to PU.

The world was a better place when bo.rodog and his disciples spewed their mises bull**** in the politics forum rather than in the BFI forum.

Just trying to help. Carl Icahn is probably right. So it would be silly to have your wealth in paper profits/wealth that is going to evaporate. It is an investing forum... What is wrong with telling people to acquire real wealth that can't be manipulated or erased?

What ..... The ..... F**k.... happened to this thread.

However....

???? world going negative is reason PMs up not fed hike

Wait... what???????? Cheap money equal lower prices in PMs....? Crazy Zimbabweans, Weimerians, Argentinians.

Didn't you see what happened when the fed raised interest rates in December? Gold was the only thing that went up. Was kind of funny too, all the genius hedge funds were all long financials and tech and they were all short gold. Everything they were long on tanked and the one thing they all shorted... Gold... Shot up $200+

PM's are going up regardless, these aren't normal economic times. The fed and our economy is stuck. Raise rates = debt crisis. People flock to gold. Just like after the last rate hike because obv the economic recovery we have had is a fraud. And just think... The fed only raised interest rates a mere 1/4th of a point. Just imagine when the market forces up interest rates way more than that.

Or they launch QE and bring rates negative stock market roars up temporarily but we end up with currency crisis. Great for PM's as well.

Once you start QE you can't stop.

Lol what a ****ing liar

What's your background here?
How long and how much real wealth have you acquired?
Are you managing risk if your belief that gold is money is incorrect?
Are you prepared for retirement if today's precious metals market never corrects in your lifetime?
Do you have skin in the game? Few coins of silver? 10k? 100k in GLD? 7 figures?

I guess the problem for people like me (mid-30s, saving for retirement, etc) is your conviction that our paper wealth will evaporate, despite the fact that people like me outnumber people like you. I live in the real world where I need cash or credit that can be exchanged for goods and services. AND I also very much prefer the cash or credit to be of use throughout the entirety of the USA, instantaneously, and on Amazon.com too.

Everyone was talking how gold was going to go below $1,000. Traders, media, Goldman Sachs, even a lot of the gold community thought so. Just google articles from before the fed hiked. Plenty of people and institutions were saying gold below 1,000$

I remember thinking to myself "BS." Too many things wrong in the economy...and the Fed had been bluffing on a rate hike forever... So it was painfully obvious they didn't have any confidence in the economy either. So I didn't even consider selling to buy back at a cheaper price.

We've gone over this before liar.

The week leading into the rate hike Gold traded +/- 2%

The week after the rate hike Gold traded +/- 2%

There was no $200+ spike, you're a liar.

Why would it be incorrect? You think 4 decades of paper promises is going to override an application that has worked for thousands of years? I mean it isn't even like things are going relatively smoothly either, fiat currencies are exploding all over the world right now in real time. So this experiment in fiat is already failing... The world is swimming in debt.

Managing risk how? How do you go wrong with owning gold exactly? If our government starts being responsible, stops printing, spending, and being reckless and gets back to fiscal responsibility...... And the result is that gold goes down to $500/oz I would be thrilled. That means a stronger dollar, lower prices, and a brighter economic outlook. And I wouldn't have lost in real terms on the dollar value of my gold. Gold and silver are real wealth and no counter party liability. Impossible to go wrong owning them even if you have 100% of your wealth in them.

No, I'm not prepared for retirement today. Who is though? Look at all the old people going back into the workforce who can't retire. Also, I'm the same age as you.

Im not living off the grid. I have cash bank accounts and do all the same things you do. I just take responsibility for most of my wealth and don't loan most of it to the bank for no reason or throw it in the stock market and forget about it because the market gained a lot the last 30 years so obv the next 30 years will be awesome too.

Most silver and gold people have it wrong too. They value their stack in dollars. So they think, well... I need 2 million for retirement so I'm going to need 2 million in metals. Now don't get me wrong, obv the more the better, but they are so wrong. You aren't going to need anywhere near that much. EVERYTHING is so ridiculously overvalued in our Ponzi scheme debt laden system. In what universe do you need 2 million for retirement? Roman soldiers used to get paid a half ounce of silver for a months work, even in much of the undeveloped world today people earn the equivalent of 1 ounce of silver for a weeks worth of work or a months worth of work.........and I just had a cheeseburger, fries and beer that cost me 20$ which is the equivalent of one ounce of silver in scam dollar prices.

Go buy 20k in gold and silver and you will be sitting pretty in a debt collapse. Just like you said, people like you vastly outnumber people like me. 99.9% of the population doesn't even own 10 ounces of silver or an ounce of gold. That's the reason so many people are going to be up ****s creek without a paddle when the dollar isn't the reserve currency anymore.

I guess you're making my point for me. You are currently paid in dollars and pay for goods and services in dollars. The system persuaded you to go along with it. Never in our lifetime were you able to persuade me or anyone else to use gold as a medium of exchange. We use dollars and credit, end of story.

Regarding historical charts, there's been a bunch of great best in the world economies over earth history that went to full hell for various reasons and basically took forever to recover if they ever did. It always amuses me when people bash others for cherry picking years on gold vs stock charts but then cherry pick just the US post civil war charts for their arguments. Empires rise and fall, US won't be any different eventually. (though it's certainly very arguable that won't be in our lifetime)

(btw, one is certainly not best in all places regarding the world, in Venezuela--I'd definitely rather own gold than paper $ or stocks from that country atm)

It's unfortunate too many of you act like it's sports teams or political arguments where one side is right and the other is wrong no matter what. Intelligent people don't think this way. I definitely doubt we've seen the last bank or brokerage failure or the last gold theft.

Also, at least we're all saving, many fools out there aren't and it seems certainly not sustainable the private employee has to pay for the retirement of public employees AND themselves while taking on all the risk.

At least can we agree you'd have to be a complete fool to get one of those 100 year bonds? Not only do you not live that long but there's a ridic # of things you have to fade there--all just to get a little % interest. Just the last 100 we've got two world wars in there + all the other stuff ffs.

The gov't can also say everyone has to sell gold back to them at their price b/c it's now illegal to own (which is farrrrr less than current spot price is). US has done it before. They can jack up taxes on stock returns greatly lowering what you get back in the end. (100 years ago tax in the US was 0 or 1% btw, much easier to get a nice ROI with that instead)

Really, the biggest issue is simply not long ago all you had to do was save more than you spent and you had plenty for retirement unless you were a moron--might be pretty hard now if you're only marginally over net wise.

???

In 1910 a silver dollar = well..... A dollar.

Now you need 20 dollars to buy a silver dollar.




Why? Because Keynes confiscated our wealth. Should I post his quote again? About how Keynes tells us that without a gold standard government can secretly confiscate our wealth and not 1 in a million would detect the theft.












By the way... The reason I'm posting all this is because I don't want all of you to be broke because then there won't be any poker games.

We're always going to have a medium of exchange that isn't gold; but that value can go to hell (venezuela for a recent example). We're not heading there anytime soon at least as far as I can tell but US isn't some magical place that things that happen elsewhere in the world or in history can never happen here.

There's a story from Germany in 23 when their $ was crap that someone was buying a loaf of bread with a wheelbarrow full of cash--when the police asked how much $ was stolen, he told them none as the thieves stole the wheelbarrow but dumped the cash so it was lighter and ran off.

Like I said before... Dollars are fine. I'm not advocating we transact in silver bullion and gold bullion. But the dollars NEED to be backed by real money. Otherwise your wealth gets confiscated via inflation, and you have a country that is 20 trillion in debt on the brink of a sovereign debt crisis.

When the stock market collapses 50 or 80% where do you think that wealth goes? It doesn't just evaporate, it is a transfer of wealth to others.

Yeah, I was born into the system... And I have a brain that tells me that QE infinity, artificially suppressed interest rates at 0% for almost a decade now, out of control government spending, printing, isnt going to end well at all for people holding dollars or invested in the stock market. And I understand basic things like how debt = slavery. And that our fraud currency is a debt note. And then I see emerging economies and places like China, Russia, India, and EVEN central banks AND investment banks all accumulating gold like crazy... And then I couple that with the fact that gold has been money for thousands of years, and I say to myself... You know what? Probably not a good idea to be in dollars or the stock market.

You asked me what is my background is... What kind of background do you need to understand all these things are bad?

In the middle of this discussion, I don't think any statement will persuade you of Keynes's brilliance. Keynes was always an economist in pursuit of the "greater good" and not an advocate of confiscating wealth. The quote you're taking from is him warning of the dangers of inflation. Obv, varying levels of inflation have varying effects.