sorry, all I've got is a fifty...
Posted on 09/17/2009 9:30:18 AM PDT by Kartographer
Unless you have millions, gold is far to expensive to make any real money on.
It will go up, mainly because the USD is falling. You are much better off putting your money into another currency. The sooner the better. Soon nobody will trade USD, once hyper inflation is inevitable.
quantitative easing is the Feds cure for deflation actually. If you don’t think we’re in a deflationary spiral, take a good hard look at the value of your home today and compare it to the value of your home a few years ago. I read a really good article over at USAGold regarding this situation of competing hyperinflation and deflation actually. here’s the link if yer interested:
http://www.freerepublic.com/focus/f-chat/2340851/posts
This from the article: “When fiat money economies break down, inflationary and deflationary tendencies blend producing what appear to be conflicting symptoms. As someone once said, it doesn’t matter the color of the cat. Black or white, it still catches the mouse”.
Toot, toot and toot.
How many of those will it take to buy a loaf of bread?
I think the patriotic, and most cost effective, way to put more worthless paper into circulation is for all of us to donate our Monopoly game money to our Dear Government. It would also make counterfitting easier for those poor souls who cannot make a living any other way.
So I was suggesting to my wife we just take it all out of cash and buy something like silver or palladium coins (gold is overpriced at the moment) as a hedge against the collapse in the worth of the dollar being orchestrated by the zero.
That’s what I’ve been thinking. I don’t have a FOREX acct. anymore, or I’d be shorting - maybe against Canadian, sterling looks pretty shaky to me, but I haven’t been keeping up.
Increasingly more day by day...
That all depends where you live. If you live in one of those areas where housing prices shot up 300% or more over the past few years, of course they are dropping. Some places have dropped beyond that 300% back to 70's prices. I've seen some auctions where new 1800 sq ft bungalows are selling for $29k.
The inflationary spiral is far more prevalent in everyday life. Groceries are up 30% on average over a year and a half ago. Just about every consumer product you buy is up 10-20% over last years prices.
Housing is just the exception. People can afford to buy houses even if they drop to 70's prices cause they have no jobs.
No jobs equals no government revenues.
Complicating that, the rapid expansion of government has increased the cost of government horrendously, while revenues have dropped horrendously. we can't even pay the interest on our debt, And the government can't borrow any more money. So it prints it to pay the bills, but that just reduces the value of the dollar. Severe hyperinflation is inevitable, especially because there is no end in sight of this government stopping this huge amount of spending. With this health care bill, tax and cap, we are going to have hyperinflation like Zimbabwe.
I did well on canuck bucks last year, and am looking at a repeat of that this year. In fact the canuck buck is speculated to go way over par, perhaps to 60’s levels where it was worth about 1.20 to our dollar. Bad hyperinflation may set all time records.
I did well on canuck bucks last year, and am looking at a repeat of that this year. In fact the canuck buck is speculated to go way over par, perhaps to 60’s levels where it was worth about 1.20 to our dollar. Bad hyperinflation may set all time records.
Canada’s dollar is influenced by commodity markets, cause they have so much of them.
America may be broke, but Asian markets aren’t, and they will drive Canadian commodity markets up, while we stagnate, and Obama spends like a drunken Commie.
Leftists think that things happen in a vacuum. They don't understand the concept of action/consequences, which is why they don't care about the results of their actions anyway, and never take responsibility for their disasters.
A good example is the "health care" deal they're trying to ram down out throats. They say that their legislation will reduce the cost of medical services and insurance premiums... Right... They also say that they won't be raising taxes on the "middle class" and their legislation will be "revenue neutral." Right... They say they're going to raise taxes on the insurance companies. They say they're going to raise taxes on pharmaceutical and medical supplies. But they think that the costs of medical supplies, drugs, and insurance premiums will go down? They don't seem to understand that when they raise the costs of doing business, those additional costs will be passed on to the consumers. A child could understand the concept, but not leftists.
Mark
Yep, agree ... Liberals and rational, factual thinking are things which cannot be allowed to ever meet.
Do you convert US dollars to Canadian and hold them physically or do you trade them on the market (never actually holding physical dollars)? thanks
What ever happened with those Chinese dudes with something like 60 billion in US bonds? I remember hearing about their arrests on a European border and then nothing?
Silver coins may be ok, if you can buy them for oz value prices. I think that market is heavily oversold. Bad things can happen, fast, and it isn’t so easy to get rid of quickly.
I think copper is safest, and most promising.
Whatever you do, do something, cash isn’t a good thing to have too much of right now with the shape our dollar is in, and the forces working against it.
I have no idea. I thought it said they were fake. But still its a big crime somewhere real or fake..
sorry, all I've got is a fifty...
I convert my USD through a Canadian bank. Actually, since I own a business in Canada, it’s usually the other way around.
lately I’m not converting anything into USD’s except what I absolutely have to. (I have to pay myself in USD by law)
They may have been fakes, but they are worth as much as the ‘real’ ones!
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