When there’s no food on the grocery shelves because the wholesalers won’t accept Government fiat (See Venezuela TODAY!), no gas in the pumps, no water flowing to homes and garbage 8 feet high in the streets, I’ll show you a whole shit pile of people who will do a lot more than tell you what “FAIL” means.
Muck
Tim
September 16, 2016 3:26 pm
I’ve given up on the whole “Gold will go to ‘x’ when ‘y’ happens.”
I’m glad I bought, I guess. I don’t think about it much anymore. If it goes to infinity, I guess I’ve got enough to buy a small chunk of land somewhere.
If it goes to next to nothing, well then, that’s about par for the course for me.
I think they can keep the scam running forever. There is no “fail” in their future. I’ve heard the phrase ‘kick-the-can-down-the-road’ so many times, I’ve decided they can continue to kick it as long as they want.
There used to be a guy who contributed to TBP pretty regular. He got ass-blasted once for poor grammar or something and I guess he’s not around anymore. Anyway, he frequently used phrases like “Bernanke is a fucking moron.”
I don’t Bernanke (And now, Yellen) and their overlords are fucking idiots at all. I think they’re a bunch of smart mother-fuckers. It’s ME who is the dumb one. All I know how to do is work for a living. They’re going to skim the cream forever, I suppose. I’m just barely smart enough to play checkers. And they’re playing 3D Space Chess.
Well, anyway, back to the point. I’ve got a little gold & silver. Maybe Stockman’s words will come to fruition. Or maybe my friends can all laugh at me when I’m 65 for not having contributed to my 401K and bought a bunch of metal with that money, instead.
I never understand why people expect or even want PM’s to go up in price. Higher PM price = lower fiat dollar value.
If the price of gold goes to $10,000/ounce, what do you think will happen to the price of food, energy, or even land?
It may or may not work out but I buy PM’s to preserve wealth until the dollar is stabilized (not likely, but possible) or until a new monetary unit arrives. I just want to transfer what little I have to whatever comes next and lose as little value as possible in the transition.
I was lookin’ for love in all the wrong places
Lookin’ for love in too many faces
Just get a dog.
Anonymous
September 16, 2016 3:29 pm
“David Stockman-Gold Prices Will Soar …………..”
I’ve been hearing that for 20 or so years now (mostly from gold dealers) and haven’t seen it “soar” yet.
A slow steady increase accentuated by an occasional spike after a long slow period is all I’ve seen. Depending on whether in a currently a peak or valley, it stays pretty much even with inflation without really gaining or losing anything in terms of real value.
But it does retain its value, which is the only reason I see for owning it.
Lysander The Deplorable
September 17, 2016 6:29 pm
Same bullshit from a gold dealer, different day. I, too, have been hearing this refrain from PM dealers for 35 years.
When will central banks fail if they can print forever and buy anything they want including debt?
And who gets to interpret what fail means?
When there’s no food on the grocery shelves because the wholesalers won’t accept Government fiat (See Venezuela TODAY!), no gas in the pumps, no water flowing to homes and garbage 8 feet high in the streets, I’ll show you a whole shit pile of people who will do a lot more than tell you what “FAIL” means.
Muck
I’ve given up on the whole “Gold will go to ‘x’ when ‘y’ happens.”
I’m glad I bought, I guess. I don’t think about it much anymore. If it goes to infinity, I guess I’ve got enough to buy a small chunk of land somewhere.
If it goes to next to nothing, well then, that’s about par for the course for me.
I think they can keep the scam running forever. There is no “fail” in their future. I’ve heard the phrase ‘kick-the-can-down-the-road’ so many times, I’ve decided they can continue to kick it as long as they want.
There used to be a guy who contributed to TBP pretty regular. He got ass-blasted once for poor grammar or something and I guess he’s not around anymore. Anyway, he frequently used phrases like “Bernanke is a fucking moron.”
I don’t Bernanke (And now, Yellen) and their overlords are fucking idiots at all. I think they’re a bunch of smart mother-fuckers. It’s ME who is the dumb one. All I know how to do is work for a living. They’re going to skim the cream forever, I suppose. I’m just barely smart enough to play checkers. And they’re playing 3D Space Chess.
Well, anyway, back to the point. I’ve got a little gold & silver. Maybe Stockman’s words will come to fruition. Or maybe my friends can all laugh at me when I’m 65 for not having contributed to my 401K and bought a bunch of metal with that money, instead.
I never understand why people expect or even want PM’s to go up in price. Higher PM price = lower fiat dollar value.
If the price of gold goes to $10,000/ounce, what do you think will happen to the price of food, energy, or even land?
It may or may not work out but I buy PM’s to preserve wealth until the dollar is stabilized (not likely, but possible) or until a new monetary unit arrives. I just want to transfer what little I have to whatever comes next and lose as little value as possible in the transition.
Anon above was I.
I have no idea why I get logged out.
TBP doesn’t love you!
Muck
I think it’s a WordPress issue but either way, I’m not looking for love.
Good thing cause you won’t get any here.
I was lookin’ for love in all the wrong places
Lookin’ for love in too many faces
Just get a dog.
“David Stockman-Gold Prices Will Soar …………..”
I’ve been hearing that for 20 or so years now (mostly from gold dealers) and haven’t seen it “soar” yet.
A slow steady increase accentuated by an occasional spike after a long slow period is all I’ve seen. Depending on whether in a currently a peak or valley, it stays pretty much even with inflation without really gaining or losing anything in terms of real value.
But it does retain its value, which is the only reason I see for owning it.
Same bullshit from a gold dealer, different day. I, too, have been hearing this refrain from PM dealers for 35 years.
It’s called “selling your book”.