Soros is more dangerous than Obama, and should be treated accordingly; thankfully, Soros wasn't smart enough to have his own version of Obama's ultimate insurance policy - Joe "The Joke" Biden.
Posted on 01/28/2010 4:38:46 PM PST by Steelfish
I’ve been saying that gold is in a bubble cycle for a least a couple months now; though prefixing that with the adjective “ultimate” is an exaggeration, I doubt it has the potential of previous bubbles.
Soros is more dangerous than Obama, and should be treated accordingly; thankfully, Soros wasn't smart enough to have his own version of Obama's ultimate insurance policy - Joe "The Joke" Biden.
Just take anything Soros says as the exact opposite of what he believes or knows. He makes a statement like this knowing gold will take a brief tumble, then sucks up all the gold he can buy. He knows damn well that serious inflationary times are on the way, and as such, gold will skyrocket. I’m no economist, but this is Econ 101. The Fed is printing $$ as fast as it can, the government is spending it, and the dollar will plummet on world markets in the upcoming months. In every such instance in world history, specie has risen inversely to the fall in fiat money. Soros may be evil, but he and his people know these things.
I had to laugh the toher day when someone important suggested the USG unload its gold reserves to pay down the deficit. That’s a joke. The USG apparently has $300B in gold reserves. Obama could spend that in a day.
I have a suggestion for really paying down the deficit (please correct me if the idea is stupid). The USG owns trillions in federal assets, like land. Auction it off and pay down the debt. The USG owns approximately 1/3 of the land in this country. Sell it, auction it, or even give it away to people who want to use it productively. It would be the equivalent of the country winning a lifelong lottery ticket.
Huckfillary
True
He needs to go see his homies Stalin and Marx.
I agree with you. Soros is a snake - do the opposite of what he “recommends”.
when i first bought gold, it was selling for $250/oz and i could get a burger for $2.00-2.50, or about 100 hamburgers per ounce. i was paying about $2500/mon in monthly bills, or about 10 ounces.
today, i can get a burger for about $3-4 (five guys... great burger), and 100 burgers would run about $400, or 0.33 ounces. my bills are around $3500/mon, or about 3 ounces.
of course, back in 2001, the demand was low and the US gov’t was not hell bent on suicide. fear and uncertainty push the value of gold up as much, if not more, than demand.
in the future, so long as i can pay my bills for 3 ounces, i won’t be any worse off than today. if my bills go up to 10 ounces... then i’d be about where i was in 2001. of course, for that to happen, the US economy would have to be back on track and we would have to have stopped offshoring our workforce, thereby driving up the value of the American dollar. we would also have to drive down the unfunded social programs.
sorry... i don’t see that happening any time soon.
Soros selling gold short?
Lead in boxes of 20 or 50 in your preferred caliber is the best investment. By an extra case or so and share with your trusted friends. One Oz of gold might get you a whole loaf of bread, a full magazine of lead gets you the whole 7-11 and a full tank.
That’s all I need to know to inspire me to get out there after breakup and dig up more gold!
One Oz of gold might get you a whole loaf of bread, a full magazine of lead gets you the whole 7-11 and a full tank.
Also, under no economic circumstance in human history has a loaf of bread cost anywhere near an ounce of gold.
Doesn’t gold generally dip in the 2nd Quarter of the FY. He probably knows this and is hoping to fuel a panic in the unwashed masses so they sell off what they have, drive down the prices, then he gets more for even less.
Really interesting, in view of the fact that the guy who started the Quantum Fund with Soros, Jim Rogers, is an advocate of all commodities, including gold, but thinks silver is a better play. Gold WILL get yanked around as long as people buy into the idea that colored strips of paper with pictures of dead politicians on them is “money.” The day the whole world really gets it that governments are printing that stuff like there is no tomorrow...... THEN you will see the ULTIMATE gold bubble.
Until you come to MY 7-11. Then it just gets you dead, like the rest of the thieving scum.
Good one.
I am so sick of being subjected to these losers.
>> Like all bubbles and iver inflated things, I keep wishing SOROS would blow up!
Well, that may never happen, but... he IS 80+ years old, and he WILL die...
“and after that, the judgment”.
Time to buy gold.
I also saw up front pictures of him at EVERY DEBATE uhbama was a part of...he had to have been invited to sit up front like that.
Soros knew exactly what party and what person to go to in order to gain help in destroying our nation.
I just wonder why george soros and his sorry kids want to hurt us. Want to rewrite our system of laws and destroy our economy.
It is amazing how very, very small a very, very wealthy man can become if he is full of vile desires.
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