Epic novel length response that shows your a bigger idiot than I first thought...
Those who have eyes to see, ears to hear, and brains to comprehend will both see, hear and understand what I'm saying.
My message and responses, though directed to you, are really for them.
Those who don't have eyes to see or ears to hear will not see or hear or comprehend that of which I speak.
This message is not for them, as it is clearly not for you.
first of all, lets get this out in the open so I can show you just uneducated you are on this subject.
Thanks for that laugh Tony. I love to laugh, and you never fail to trigger a great big belly laugh from me.
Thanks, but no thanks... I'd rather be an "uneducated moron/idiot (or whatever pejorative you choose to insert) and be sitting on a fat gold position, than one who has been "educated" (or more accurately indoctrinated) in the conventional wisdom of John Maynard Keynes.
btw: Are you still looking for a job and collecting government assistance?
next your first post was about the exposure the consumers in the US have at the pump due to the devaluation of the dollar.
Absolutely. Increased prices are a relection of a weaker devalued currency due to Fed monetary policy
What currency do you feel the dollar has lost value against over the past year?(this is the crux of your argument in this thread by the way)
YES, Finally he gets it.
There have been a few, but the first to immediately come to mind is my own currency, ...the Canadian dollar.
Tony, Since 1987, I have ONLY been engaged in residual income producing endeavors, and am still receiving income on work I did as early as 1987. Infact, just the other day, I picked up a nice residual cheque for work I did in 1998. Since 2001, I have earned by income strictly in US Dollars with the exception of Canadian dollar income in the form of residuals for work done prior to 2001. As a result of MY exposure to the US dollar EVERY WEEK when depositing cheques, I've seen the steady decline of the value of the USD because I have the advantage of living in a different country where I am forced to occassionally exchange the greenback into Canadian currency in order to function within Canadian society. Those of us who live outside of the USA see this, and we've been seeing it for quite some time.
Being in the USA, puts you at a disadvantage when it comes to seeing the daily decline in your currency, because most businesses & retailers simply absorbed the shrinkage in their profit margins rather than raise prices to reflect the decline in the greenback's purchasing power. Retailer & businesses no longer have that luxury. They are forced to increase their prices because they cannot shave their profit margins any further and still remain in business.
Part of the reason Canada's economy has fared so well relative to all the other G20's or even G8's, is because Canada declared war on the US decades ago, and devalued their currency 40% - 43% against their biggest trading partner. 70% of our exports currently go to the USA, and our devalued currency made our exports more attractive. We sold you all the softwood lumber you needed to further pump up your housing bubble, and our manufacturers did quite well. As the USD started it's precipitous decline, there was already a 40 point spread in existence which gave our businesses the breathing room necessary, as well as our government the time to enter into trade negotiations with other countries to buy the exports the USA soon would not be in a position to afford.
This was my crackpot theory that we were in the midst of WWIII only we weren't fighting it with tanks & soldiers, but with financial instruments. I came up with in 1993 when someone triggered a memory of something my best friend said when we were sitting in 8th grade math class. I've shared this theory with friends... who for years laughed and told me my elevator didn't go all the way to the top. Well just the other day, one of those friends said he was reading a book called "Currency Wars" by James Rickard, that just came out last November, that infact validated my crackpot theory about a currency war. I've not yet read it, but he claims Mr Rickards puts forth the same premise I proposed. I don't know if he does or doesn't, but I do know that today, ALL nations are trying this strategy, of devalueing their currencies to make their exports more attractive. Just the other day Switzerland pegged it's franc to the euro, in an effort to protect it's export market, saying it couldn't live with a franc valued higher than 1.20% of the euro, ...leaving GOLD as the ONLY safe haven left to preserve puchasing power.
The big problem for the USA is you no longer manufacture anything. you've outsourced it all overseas.
Debasing currencies against your neighbour doesn't work when EVERY BODY is doing it, and especially when you do not have any sort of a manufacturing sector left to speak of... except perhaps the military industrial complex.
Nations all over the world realize the futility of debasing against each other. It simply becomes a race to the bottom, but one thing is viable that all currencies can debase against, ...and that is GOLD. GOLD is hard currency. It is sound money, real money
WITHOUT any counter-party risk. It is not subject to inflation, and cannot be minted at will out of thin air. The value of gold, is not dependent upon any one nation's ability to or promises to repay it's bills, and it is
NOT CREATED OUT OF DEBT.
The only thing that the Federal Reserve note promises, that we know for sure it can keep, ...is it promises to tax your butt, and your children's and your grandchildren's asses forever.
What do you think investing is? you buy the asset that you feel with return the best while giving acceptable risk....
Well therein lays one of our many differences of both opinion & perspective. We clearly have different perspectives on the matter.You see, for me, what you just laid out is NOT investing. In MY eyes, what you just described is SPECULATING.
To me, an "INVESTMENT" is acquiring something that is already
UNDERVALUED.
To me, an "INVESTMENT" is an acquisition or purchase with my profit margin already in place
AT THE MOMENT OF ACQUISITIONTo me an investment is NOT buying something... in the hopes that it will go up in value. To me that's speculating.
I buy something KNOWING it's intrinsic value to begin with. And when I see that it's price point is no where near a reflection of it's true value, I get it. To me, THAT's an investment, the other a speculation.
so yes ppl are investing in the US more than any country, look at the markets around the world and what theyve done over the past year...
I have looked at the markets, and I have seen what they've done, ...and it makes me cry when I think of the exposure so many people are facing because the so-called "experts" and financial planners don't give a crap about them. Their #1 concern is how to make money off these people. I think of all the pension funds that are FORCED to invest into paper derivative markets because by law they are required to produce a certain % increase every year. The percentage of increase is useless if that increase comes in the form of inflated debased fiat paper. I'd rather have the purchasing power of a $20 bill circa 1913, than a $100 bill circa 2012. so to me, having my money on a roller coaster of paper derivatives producing gains that are nothing more than smoke & mirrors, and are guaranteed to erode the value of my money and steal my wealth is an amusement park ride I'd prefer not to take.
you really know little about any of this jag going off of your posts, I mean this honestly and with not ill intent. You should put down whatever reading material youre going off of and pick up a few text books on finance, international finance, risk management and investments I really think it would do wonders for your sales to be able to speak intelligently about this.
Ya, ok, whatever!
For my sales? You still don't get it do you Tony?
I came across a company that empowers people to exchange bad money into good money.
And that company pays me rewards in the form of euro, as well as additional gold.
I can take the euro they pay me, and immediately convert it into gold.
I can take the gold they pay me, and keep it in gold, or convert it to fiat if I choose.
If a poop hits the fan scenario occurs, I can use it to shop in the event paper is no longer accepted,
...or a bank holiday is declared and ATM's are shut down or traditional paper money bank accounts are frozen.
Just ask Gerald Celente and the other MF Global clients how much fun it was when their accounts were frozen.
Ask people in Egypt what it was like not being able to buy groceries, or fill up their gas tanks, ...not because prices were too high, ...but because Mubarak shut down all the ATM machines and people couldn't get access to their money. I have friends in Egypt, I know what people went through.
I'm not selling gold, I'm acquiring it. I've simply found a source that for me provides the most flexible, most reliable, most ethical, least expensive, most practical solution & route to GOLD acquisition, FOR ME, ...and I believe for most people as well.
But that's all irrelevant. This thread was not about karatbars, or my acquisition of karatbars, or even showing people how they too can get karatbars which are 999.9% pure 24kt gold and easily & instantly recognizable by banks, governments, gold dealers etc., in 194 countries around the world as money, authentic, & genuine, due to the tamper proof hologram and LBMA certification. It's not even about karatbars being the highest grade of gold, in it's purest form, for the lowest possible price, available to gold buyers in practical transaction friendly weights. Or even about karatbars being a medium of echange if and when fiat paper loses all value.
This thread was about the superiority of GOLD over fiat paper currencies.
Let me ask you a simple question. Would you rather have a savings account backed by FDIC insurance (insured by a government already 15 trillion in debt) or would you rather have your savings backed by GOLD?
And if you prefer FDIC insurance, where do you think the government will get the money to replace the NUMBERS in your account when they're already 15 trillion in debt ...and climbing?
Enter Fed Chair Ben Bernanke from stage left to crank up the printing presses...
...and what will that do to the value & purchasing power of those NUMBERS they're replacing into your paper money bank accounts?
Understand if your bank goes belly up, FDIC only insures the NUMBER of dollars in the account, not the value or purchasing power of those dollars.
Do you know anyone in Argentina? I do. I remember what happened in 2001 when they called a bank holiday and froze people's accounts. My girlfriend had enough money in her account to buy a house. By the time her account was unfrozen, When all was said and done... the purchasing power of her money wasn't even enough to buy a car.
Gold is the money of Kings & Queens.
Silver is the money of aristocracy
Barter is the money of peasants
DEBT is the money of slaves
So let us all endeavor to be Kings & QueensSave GOLD money not fiat (paper) currency
