The Greatest Depression Is Coming

Financial Sense ^ | 11 Mar 2003 | John Finger

[Petronski]

The author is John Finger? Are you sure it isn't John Goldfinger, son of Auric Goldfinger?

[arete]

You really believe this is beating the stock market. Do the math.

I have no idea what Puplava was recommending back in 1980, but I would hope that he was selling gold. Gold, silver and commodities have done exceptionally well for the last three years and for the time I have been reading Puplava and that is what I care about. I've done the math and I'm way ahead.

Richard W.

[arete]

Had Puplava predicted that GWB would be spending money like a drunken Democrat, to go along with a weak dollar policy, then I'd give him credit.

If you think about it, he was. Just didn't come right out and say it.

Richard W.

[B4Ranch]

We are waiting for your reply.

[Moonman62]

If you think about it, he was. Just didn't come right out and say it.

Can you please clarify that for me? I've thought about it all I can.

[B4Ranch]

Well defined predictions! Sad, isn't it?

[narses]

"I expect the current sell off in the stock market to continue (in the usual two steps down, one step up pattern) until about 21 March,..."

Note the date (3/11/03) of the post. Note the actual performance of the market since March. QED!

[lelio]

If you think about it, he was. Just didn't come right out and say it.
Can you please clarify that for me? I've thought about it all I can.

Hindsight's always 20/20 but here's some indicators I can think of:
1. The economy was starting to go downhill, which is the kiss of death for any politician. Everyone likes to spend their way out of a recession
2. Karl Rove's all about expanding the Big Tent and the easiest way to do that is to give money to anyone that asks for it

[narses]

If you owned Cisco in March and took this advice, what would it have cost you?

[narses]

LOL!

[Moonman62]

1. The economy was starting to go downhill, which is the kiss of death for any politician. Everyone likes to spend their way out of a recession

The economy is recovering because of the last tax cuts and more favorable treatment of small businesses. GWB started spending as soon as he took office, and now, even though the economy is clearly recovering, the spending seems to be picking up pace or at least it hasn't slowed down.

2. Karl Rove's all about expanding the Big Tent and the easiest way to do that is to give money to anyone that asks for it.

Yes, but I think he's more likely to give it to Republicans. I'm not proud, though, of Republicans taking the easy way rather than the right way.

[lonestar]

It doesn't matter because we're all going to die in a flu epidemic.

[Radioactive]

Gold to 800-----wanna bet?

[Grampa Dave]

Thanks, your check is in the mail.

[Orangedog]

I do have an uncommon 20-ounce Englehard .999 silver bar at home in case the New Depression hits.

Uncommon indeed. Can't say I've ever seen one. With silver coming out of it's slump, you'll likely have something worth a decent premium above the melt value.

[palmer]

Two steps down, one up is still applicable, see chart: http://finance.yahoo.com/q/bc?s=^SPX&t=my&l=off&z=m&q=l&c= The next two steps down may be postponed until later in 2004, but that will only make the drop worse.

[BluH2o]

I would add to the contents of that well-stocked at-home safe several well-machined steel artifacts with numerous brass and lead accessories.

Terrorists are determined to destroy the U.S. ... one of the ways they feel that would be most effective short term ... detonate a dirty bomb in close proximity to Wall Street. If that scenario plays out buddy ... you try for cash with well machined brass & lead ... I'll cash in with my 99.9% pure gold bullion ... let's see who walks away the winner.

[bvw]

Because it's (1) real money, even that pauper's $4 is still real (2) therefore it shows you respect reality (3) when you respect reality you can make money in rough and downing markets. Sell it. It costs bigtime to hold it in the emotional baggage it recalls to mind every time it shows up on the account statement.

Same as the good old advice one hears on Bob Brinker's show -- "Sell anything you're losing sleep over."

The best model, imo, for selling holdings is when that holding no longer meets the criterion for which you bought it. Say you buy a stock for a 2% dividend. Well, if they stop paying that near that level, sell it. Of course, I'm an antique for saying to buy for a dividend, ain't I?

[eseales]

Gold to 800??

Sure, I'll take that bet! I've been hearing this for the past 4 years. Gold ain't going to 800!

Check out Q3 productivity numbers, 9%!! Inflation isn't anywhere near us and Gold ain't going to $800 without inflation.