Gold has a LONG way to go. The 1980 high was $800/ounce , inflation adjusted Gold should see $3000 before its really maxed out. The dollar is fake paper baked by people's belief that its real. Thanks to FED act of 1913 our currency was handed over to a private institution (un-constitutional). I could go on forever but the bottom line is, NONE of this will matter if the government keeps selling all the good jobs to 3rd world countries! what a joke, were all enslaved & dont even know it.
Ok about a week after my comment the Wall Street Journal had an article about gold. In the year 2000 gold was $236 an ounce, now it's around $1k an ounce. Look at the 650 year gold price chart, gold is at it's highest price since the late Dark Ages. In other words it's relatively very high in price. Remember buy low, sell high. There are better investments right now than gold.
Gold has got to be the dumbest investment right now. Remember buy low, sell high? Gold is at historic highs right now, why would you buy it at the highest point? Also many of the gold investments out there don't give the investors actual gold they can access, so what's the point? If the currency completely fails people will barter and trade goods and services, no one will be walking around with bricks of gold looking to trade it for something else of value. I mean really people, think it through
Nobody just randomly pulls out gold out of thir ass they just buy gold because there's going to be a moment the doller isnt worth money but gold is that's why.
CASHLESS SOCIETY WILL BE THE NEXT CURRENCY. So pull up you sleeves so you can take the chip like a little good sheep that you are. We are nothing but cattle to the Global Elite.
Daniel, you are so right when you said you tried to warn your family of the upcoming collapse....they just think you are crazy......I have the same thing happen to me so I don't even try anymore......
The first Federal Reserve caused crash was in 1920.
Please read; tinyurl . com /djvfzc
And the main lesson is in the contrast between how those two crashes were handled. Please understand that, that aspect is major one and the one that needs to be taught to contemporary peoples so that they know just how badly we are mismanaging things now.
Wait till January... there will be some revelations coming out....about unemployment...GDP, ClimateGate, Obam... a whole bunch of stuff...it's going to be swift.
hey VV dude seriously I read half and stopped to comment, u like HSdent right n he thinks Gold n Silver r going down.... but I thought u think they're going up, should I sell my silver ?? lol
I prolly should read the rest cause u prolly answer my question there
ps im not selling my silver, im prolly gonna bury it
The frustrating thing is that we all know the system has failed. Even though we know this the system won't fully "collapse" until THEY (the bankers/globalists) want it to. Until then they string us along like puppets...and we wait...and get frustrated at the orchestra of insanity...
I think some random guy on YouTube is definitely a credible source of financial advice, and especially to gain understanding of the massively complex macroeconomic system that is the international economy. This is definitely the best possible source of information that we could obtain.
Vision Victory has been one of the best sources for reporting on the economy, He educates people on what is going on and what is going to happen. He gives GREAT advice on what to do to keep your
Impeach OBAMA! Subscribe and sign the petition to have Obama investigated by congress for possible war, and civil crimes. This is not a race issue. We demand the truth Obama. Where is the change? Its time to stand up and make Obama answer for his actions and false promises.
The world is not suffering from a gold bubble. The world is suffering from a fraud bubble. Quantitative easing just absorbed 10 years of aid to developing countries. So: How much starving people on top of that do we need to understand that the current policy is just the highway to hell?
Oh, thank you very much for your contribution. However, listening to Mr. Celente will in my opinion be much more beneficial to people. From Berlin, Germany,Stefanie Kauth, MS Economics, Northwestern University
Is it just me, or is it really coincidental that just at the time in history when the elite are supposedly set to pull off the greatest wealth transfer in the history of the planet, that the richest most powerful nation in the world all have their faces buried in ipods, blackberries, DS's, Xboxes, and big flat panel televisions?
Anyone else notice this? I really don't think kids even talk to each other much anymore.
You're 100% right and I don't think it's a coincidence. Everybody is also on facebook playing farmville or some other stupid game (most of my friends and coworkers are). Did you know you can actually spend real money to buy farmville cash and use that to buy virtual things that don't exist but make the game more fun? Who needs gold and silver when you have such "fun" ways to spend your money? (I can see Daniel shaking his head lol) j/k I don't buy any virtual stuff.
CZMan, I'd love it if you gave some more details. I really don't play these games much, only once in a blue moon bc my friends are "there". I'm really not into online or video games and I can't spend too much time there, let alone spend my money. But I know some people who do. If you're trying to say that it can be addictive and like gambling, I definitely understand that and agree.
They are selling it to a smelter as soon as they buy it. In 1979 and 80, I used to operate one of these kiosks and no sooner would we buy it we would turn it within 2-3 days. Never held it. We would pay about 80 % of spot price and sell it for 96% of spot. This lasted for about a year.
just watched this, and read the blog.. man thats some good points about the babby boomers.. coupled with all the other tax'ing problems and economic problems we have, i think we are all screwed beyond belief, and this is why many people dont know or dont give a shit.
Did you know gold can be extracted from sea water? Nobody does it because at the moment it's not profitable, it costs more to extract the gold than the gold is worth. I wonder at what price that changes.
You and I are in agreement on the timetable for this crisis. I think anywhere from 10 to 20 years, but this thing has hardly gotten started. I think the "government" unemployment rate numbers will likely double from today's mark, and it's possible that this country literally fall apart of there is a national default that is not swiftly followed the the adoption of a new currency with worldwide backing. In other words, if our standards of living are allowed to plummet for long, it'll be over.
i read it vision. people are just lazy. your manifesto was very well written and made alot of good sense. i recommend it to anyone who has not read it yet. you very good at breaking information down and really getting to the meat and potato. thanks vision. peace!
You have to remember Gold and Silver have been manipulated down for over 25 years.......to make the US dollar appear to be a store of value.....a mirage.
That is what you are seeing coming to an end......
Gold is now begining to find its fair value - which many people are shocked by - and are foolishly seeling their 'over priced' Gold jewelry for cash.
There are many facets to the Gold story - but the best thing about it is YOU can still afford it - because soon you will not.
Alot of people in Australia think that our dollr is very strong as its .93 us cents per
$1 Aussie dollar......The funny thing is that gold is still going up,The Aussie dollar is falling just like the US dollar,its just it seems strong as we are .93 us cents,,,,just thought you may like to know
Completely agree with your blog Daniel well said. What im wondering though is whether or not it will actually take 15 years to "recover". I think you are assuming those numbers to be correct if the system we have now remains intact...which it wont. There is massive change coming, ive even heard of the possibility that the U.S. may dissolve into regions and the south may merge with the northern mexican states and form their own country separate from the U.S. and Mexico.
Not to mention the massive amount of death headed our way through war, disease, famine, climate change, natural disaster etc. Im not sure if I believe in the depopulation theory but it makes a heck of alot of sense considering all the events they predicted would occur are all around. If their is an outbreak of war, famine, disease etc..then the boomers and many others wont be around anyway. America as we know it will soon cease to exist and what arises in its place will be like nothing weve seen
I know, im a fear monger/alarmist but the predictions of the Mayan calendar, bible, qu'ran and all the others seem to be coming to fruition. I dont think at this point anyone can predict the economic future of America only because America will cease to exist very soon. At least the America we knew. North American Union here we come. Yet another great reason to own metals. 15 years to recover is correct!!! Given that the system we now have survives, not likely. Hello 1800's, here we come again!!!
Based on the availability of gold and silver in the world today, BOTH gold and silver are under valued. There is only so much gold and silver on earth. And only a limited amount available to purchase - the U.S. mint suspended gold sales again, etc. Based on the availability of the metals and the high demand we should all be rushing to get silver and gold.
I know this might sound crazy, but it feels like things are stagnent and quite normal economically speaking.I dont even follow this stuff any more because it feels like nothing is going on,is this the calm before the storm,or will their possibly be no storm because of help from the e.t.'s ?
you guys dont know squat about gold..and you guys dont understand what the hell is really going on. you simply repeat crap that you have heard some so called expert tell you.. or maybe someone whispered it to you buy gold.. Ok soo just to proove to you all that I know what is heading our way i will give you a little snippet of what is commin. And just maybe it will actually have people use their brains for once.. YOU READY?! i got two words for you all to ponder.. PURPLE GOLD !!
i think i get it but IMO that will be dependent on geographical area, other factors, and shall come at a later date after the real gold bubble pops...and at that point it might just be 'edible gold' that is worth biggest bucks
I read your blog a few days. A good-big picture analysis of what is coming through the tunnel. With the baby-boomers entering public assistance programs, their earning and spending power declining and their 401ks devalued, I can't help but think what a burden all these proposed gov-run programs would be to an already devastated economy. More importantly, we can expect a dramatic reversal in the national standard of living.
I will give you an examle of my 2 parents who were boomers living on about 100K a year. They retired last year. My mom used to be able to spend her whole check just to shop and buy whatever. She was a faithful shopper at Macys, Nordstroms, Kohls, Target etc. That STOPPED... Now she shops faithfully at Goodwill and St. Vincent! Dad no longer buys the things he use to and they hardly ever eat out.
Times that by millions of Boomers and you get the picture!!
considering the drop in gold...silver`s drop was mild...JP morgan has the largest short in silver...greater than 50% of all the shorts...they lost 3 billion $ in Nov on their silver shorts..very dangerous that JP has this kind of exposure but good for investors if they sell to cover as this will raise silver prices
The world economy is, as Schiff said it would, decoupling from the dollar. The next round will be when the world finally says they don't need us any more. 2010 is gonna be the year that we enter into the belly of the beast. Early into the year, state, city and county employees are going to be laid off as the TARP money dries up. Many more businesses that were depending on a good holiday shopping season will go belly up. As the tin man said, its gonna get darker before it gets lighter!
I just read your blog. You've done an excellent job laying out your facts and backing your claims. Demographics are hard to argue against. Guess that why actuaries make the big bucks. Many thanks for all your efforts. Education of the masses is our only hope of keeping the Constitution alive for our children. My hope is that globalism fails before my 5 yr. old son has to get chipped inorder to eat. Scary days are ahead of us. If it goes south, I'm ready to muster for my boy's sake.
I agree with you. We have to try to educate people and do something/anything (nothing violent though, that will just speed up martial law) to change things. Maybe we should start by using what we're good at to make sure we have a better future and not a terrible one. I really hope their plans fail and it never comes to the chip part. After that we're doomed. There are many great people trying to do sth and wake people up, including Daniel, so I have some hope.
There was no REAL economy to recover. The last decade was driven on printed money out of thin air. Facts are that Main Street is getting worse; the kings/queens on Wall Street are sitting pretty. Just because the stock market goes up and gold goes down doesnt mean its good news for us on Main Street.
Daniel, personally, I love that you seem more confident and sure of yourself. You should be.
You can make some of the people happy all the time, all of the people happy some of the time but you can't make all of the people happy all of the time.
daniel, i did read your last blog and enjoyed it alot. the material your working from is solid and vetted, by you, and others trying to get to the bottom of the economic situation. because you have mastered the material your writing out your understandings for others is a great service. going to keep taking advantage of this excellent information.
You're spot on VV. People forget or don't know that Soviet Union had excellent "massaged" statistics for everyone. They even had a job for EVERYONE which paid a "salary". Every year USSR doctored their statistics and numbers. You know where it ends. USA is doing the same thing today but doing even freakier accounting methods. The result will be the same, however, just a lot large and more Balkanized!
Umm, trim tab is a very reliable source. They do fund flow and other data. My firm competes with them, but Charles Biderman is a good guy. They have a You Tube channel, but he is not always right about employment, IMHO. Regardless, to think markets will always go up is dumb anyhow. I always thought that there was a point of maximum growth, especially when Boomers met retirement and passed on because demographics will not catch up for sometime into the future. The employment report was bogus.
This comment has received too many negative votesshow
its funny to listen to you make the arguments about paper money.. the one argument is that they can make as much paper money as they want.. And then you say Gold is different.. And this is one of the main points that i have been trying to get through to people for years now... ITS NOT ANY DIFFERENT NOW!! ADVANCES IN TECHNOLOGY MAKE THEM BE ABLE TO MAKE AS MUCH GOLD AS THEY WANT TOO NOW !! And they are laughing their asses off! its the horse following the carrot stick! STOP BEING THEIR SLAVES !!
there are several ways.. one way is to use an exotic type of sylica. and use frequencys to change it from one element to another. a different way is that they have a so called microscope that can actually move around electrons. Or you can use nano technology to make an atomicaly percise brick of gold. One layer at a time. and the same thing can also be done with silver.
eventually all forms of currencies go away.. and with it go alot of the problems that we face. slavery and hunger for starters. lots of space that is currently used by insurence companies and banks open up to public use.. finnaly the people will be able to move about the planet as they see fit.. People will wake up in the morning filled with excitment of the possiblitys that they can contribute. instead of this day in day out same counter productive routine that we are slaves to. it gets better!
captcaveman, once again you have no idea what you are talking about.
(in my NatSci undergrad work I ran everything from gel electrophoresis for DNA analysis to nuclear magnetic resonance imaging machines--but I don't know everything).
Nanotechnology can never create some true form of alchemy.
While you could use them to strip electrons, THAT does not shift elements --it just creates an ion of one. To change elements, you change neutrons and protons.
never say never.. here is the thing.. all you have to do is ask this question.. Do you think it is possible for humans to ever evolve beyond money? Think hard about it :) also i might add that they also have Green Gold the stuff looks soo much better then just the regular Gold color..
Bernanke has already stated that they are alchemists. They already turn paper into gold. The art has been mastered. When the dollar collapses, they will turn another fiat currency into gold. Electronic gold is also alchemy. No metals needed.
I just bought another 10oz silver bar. I believe that the fed/our government are doing everything they can to prop up the value of the dollar a little longer, making deals with china. I believe that our manufacturing jobs won't come back until the dollar takes huge hits compared to china and mexico.
Daniel Ive read your article on the baby boomer thing, but a question came to mind. What percentage of spending difference is there for someone at 48 compared to say someone at 25? I ask because if its small enough, the gradual increase in baby boomers may not have as big of effect as one thinks.
I do...I like the fundamentals of silver better than gold. And I'm sure I'm not the only one here. It just has too many uses, and there's only so much of it above ground minus what industry is using. Yep, I like it. ;)
see, what we are in is a biological cycle. you have a system that is out of date with our technology, and this is the process of its collapse before the new system comes online. Red "The Biosphere" by Vernadsky. One cannot understand culture and history without understanding what life is.
sometimes i jjust wonder if this is the late 70's again, and not a real SHTF, with Gold maximum at about $2200 or so, the 70's inflated price, though my education of economics is limited, i wonder if they could hold this thing together for another 10 yrs or so
When precious metals go down, wait a few days and buy it! Buy it as it goes down. These criminals in Wall Street are shorting it. Let them short it all they want, it is going good for the people who want to buy it. Their little games aren't working, because they can keep the price down for a few months to a few weeks.
Won't be long before Obama's staff is demanding they be paid in gold instead of U.S. dollars. I'd suggest we pay them in Zimbabwe dollars but they aren't worth that either.
Vision you are the man I read your blogg and man it seems common sense to me and i'm no economist. As you send the American way of living will never be the same. With the baby boomers now a the lower level of their spending and the surge in claming social security. Theres no money and this fiat printing of money is just prolonging the inevitable. These so called economic legislators should be hanged. The country is ruined a depression for 15 years.....oh boy!!
funny dreadz mentions hanging of those responsible for economic collapse, because that is EXACTLY what our laws outline.
If you read the Coinage Act of 1792, you will find a nice tidbit in section 19 about DEATH PENALTY for ANY OFFICIAL found guilty of debasing our currency.
Daniel, I bought quite a pile of gold and silver rounds from APMEX in summer as you suggested back then. If you go to their web page and click on the APMEX Top 40 button today you will see that the quantity of blue Alert Me! buttons are growing larger every day for the Top 40 category of products they sell. So they are running out of product. And I noticed the raised their premium on Gold Eagles from 49.00 to 99.00 over spot. Signs of the times.
One thing I don't understand, Daniel. I know gold is considered a precious commodity, but why? Is it because it's so rare that you have a hard time getting a hold of it, and you'll be trying to pay a lot of worthless dollars or maybe food and such to get it? How can it be of value in and of its self? You can't eat it or heat your house with it. Just curious, Daniel. Hope to hear a response. I do believe as always that we're headed toward collapse.
@psxwarrior One aspect of "money" is that it represents a certain amount of work. Since mining gold requires a lot of work and energy for such a small amount of metal the representation of that work is inherent in that metal. Gold can then be spent for other people's labour or goods and services. My guess is that 1oz of gold is equal to about 2 weeks of labour in the Western World.
It's precious simply because it's rarity,beauty and most importantly it's properties in that it doesn't degrade thus making it a valuable "store" of wealth even though it can't contribute to survival. An agreed "storage medium" is necessary to prevent businesses from having to store their income in perishable products eventually losing value. Thus PM will maintain value in anything but a complete apocalyptic scenario where life sustaining staples and tools will far exceed the value of any PM.
they have so many potential bombs..."terrorist" attack, bioweapon, emp pulse...my guess is Iran conflict with sleeper cells/oil disruption but anything could happen...all I know is they won't take the blame when it does collapse
"Somebody who doesn't understand currencies and certainly doesn't understand macroeconomics..." Are you talking about me? LOL ;) That's why I'm not the one arguing with you :) I do understand why silver is a good investment though...
It wasn't me arguing with you or saying those things, but it's true I don't know about currencies or macroeconomics, so I just thought it was funny. :)
Max Keiser is saying that the states can't find anyone to buy there bonds says the government is now buying them. Purely printing money out of thin air now. Take it or leave it
@He101A For the first year of this I would preface everything I said with "well I hope this does not happent". Then I reached a point where I understood what was truly happening and that nothing was going to change..unless we have a collapse that pulls the curtain back. I think you would agree, that most people still do not see the curtain, much less whos behind it.
@becauseicare2 I don't think the economy is going to totally collapse anytime soon. It will take a few years for that to happen. It will not happen in a few months or even a year from now. Prices are going to go up gradually. It will happen more like the proverbial frog in the pot of warm water.
Why would anyone want the economy to collapse? I don't even think those with gold/silver or lots of food will have a lot of fun if that happens, so why would they want it?
anybody have a good website for the federal income tax revenue numbers. it seems like that would cut throguh the BS about jobs. even if the nubmer of jobs is high, how much are they getting paid compared to last year??
Daniel, don't get discouraged at all. What your doing is incredibly important to those of us that are still getting our heads wrapped around this stuff.
I can't stress strongly enough how appreciated your work is.
I've had my most profitable and best year ever, thanks in part to some excellent YouTube videos. 15 years now -- no debt, frugal living, systematic savings, diversification. Those who do not remember history are doomed to forget it! Greetings from France.
Pennies are better zinc from 1982 to now and copper before 1982 are worth more than the penny you paid. Although it's true for zinc in a 5 cent coin you are getting more zinc from 5 pennies.
Sure, its also illegal to cheat on your taxes. But I think as the US govt angers more citizens, we will absolutely see them extract revenge by melting coins. The nickel is an excellent investment opportunity, as you can procure unlimited quantities at $0.05 ea.
...
FROM WIKI:
On June 13, 2008, the value of the metal in a United States nickel coin reached $0.06013, an 20.3% premium over its face value.
As of November 27, 2009, the value of the metal in a nickel is $0.0456411.
Hey iloveterriers. I will speculate that Obamas admin can't afford to promote the flu issue during the years biggest shopping season. Making people afraid of catching the virus might negatively effect people's willingness to go spend money they don't have, in heavy populated areas.
I feel they will most likely push that agenda after the shopping season. If not, I wonder if Obama will take back his national emergency powers.
read your blog Daniel, great job it the general public could just understand that . if they could them might see we are falling off the cliff. if you thing all our entitlements are going broke when the economy was good, just wait and see. GOING BROKE is going to be redefined shortly!
I agree. And I do not think that experts like Celente would keep emphasising that this is "just the beginning" of the economic crisis if it wasn't true, because otherwise he'd make a fool out of himself when the truth comes out. Things are certainly going to get worse but it's better to be prepared, even mentally and emotionally. We may not be having as much fun as the people trying to ignore the problem, but we will be prepared in other ways.
I read your blog "Do you even have a clue" and yes the aging population of boomers has been talked about over the years with dread.
I don't think as much in the context of economic contraction as in SS and healthcare.
As far as macro data, I get more out of Karl, and he's very good. Not only tax receipts for employment data but sales for economic activity, as well as shipped tonnage for forecasted activity.
I look for different perspectives, that's why I'm here. You are very good too.
vision u are right in your last few minutes of your video, this recession will last a long time, the fed has re-inflated the system and it will take twice as long now to return to normal values, we are in the K-wave winter, it should last until 2020, we are in the eye of the shit storm right now
no WAY this can sustain itself until 2020.. total collapse or total re-structuring of the economy must come within 12-18 months, probably much sooner.
sure it can the market may go up but the poor are getting poorer, it will be the hidden inflation that kills the economy, it will last for years and years now, this happens every 80 years this type of asset revaluation, even tho stock market is going up the usd is getting massacred, the value of those stocks going up are actually going down when u price it in real assets like gold and silver.
You're suggesting that somehow this situation is normal. it is cyclical. Are you serious? This is not a correction or a resetting, this is the end of the system, period. This is on the level of the fall of Rome when the parliament was filled with uber-rich elitists who thought they could do as they pleased. This is on level with the fall of all of humanities great civilizations/super powers. Spain, Rome, England, even the USSR. This is not about a natural cycle, this is about system failure
yep it is normal, and yes these are cycles... this time it is being propped up but nonetheless it will occur... maybe you are just not smart enuff to see it, its ok just follow the herd and go back to watching american gladitors. LMAO
Gold has a LONG way to go. The 1980 high was $800/ounce , inflation adjusted Gold should see $3000 before its really maxed out. The dollar is fake paper baked by people's belief that its real. Thanks to FED act of 1913 our currency was handed over to a private institution (un-constitutional). I could go on forever but the bottom line is, NONE of this will matter if the government keeps selling all the good jobs to 3rd world countries! what a joke, were all enslaved & dont even know it.
tom69z28 2 years ago
Ok about a week after my comment the Wall Street Journal had an article about gold. In the year 2000 gold was $236 an ounce, now it's around $1k an ounce. Look at the 650 year gold price chart, gold is at it's highest price since the late Dark Ages. In other words it's relatively very high in price. Remember buy low, sell high. There are better investments right now than gold.
stemmadegli 2 years ago
Gold is a recognised currency for the last 5000 years. Hey Stemmadegli - you would not have enough money to walk around with a brick worth of gold.
PlatinumGordon 2 years ago
Gold has got to be the dumbest investment right now. Remember buy low, sell high? Gold is at historic highs right now, why would you buy it at the highest point? Also many of the gold investments out there don't give the investors actual gold they can access, so what's the point? If the currency completely fails people will barter and trade goods and services, no one will be walking around with bricks of gold looking to trade it for something else of value. I mean really people, think it through
stemmadegli 2 years ago
Nobody just randomly pulls out gold out of thir ass they just buy gold because there's going to be a moment the doller isnt worth money but gold is that's why.
TheMagicalTaylor 2 years ago
Exchange Rates R good for me (France). it's why i decided 2shop 4 deals in the USA. I have just posted a
letter and signed a petition to try to bring back the usps surface
(economy) mail service from USA. USA need help
with their economy, i don't understand why so many ebayers
refuse to ship abroad, if more people sold their goods
abroad it would greatly improve the export situation of the
USA, the post office R further crippling the USA
economy by narrowing the doors to exportation.
izzzzzz6 2 years ago
Thank you Daniel!
POSSUMTOHIDE 2 years ago
CASHLESS SOCIETY WILL BE THE NEXT CURRENCY. So pull up you sleeves so you can take the chip like a little good sheep that you are. We are nothing but cattle to the Global Elite.
stuntdoogie 2 years ago 5
well said stuntdoogie, but I don't think these folks will listen, they are preoccupied with their stocks.
louiethegreater 2 years ago
Daniel, you are so right when you said you tried to warn your family of the upcoming collapse....they just think you are crazy......I have the same thing happen to me so I don't even try anymore......
bc5620 2 years ago 3
1913 the Unconstitutional Federal Reserve is Born, 16 Years later in 1929 America is Hit by the most Devastating Depression in it's entire History.
It's Not a Coincidence, this is all by design, and it's a very old plan.
SATANSbankers 2 years ago 3
Well said SATANSbankers, but I don't think these folks will listen, they are concerned about their cash.
louiethegreater 2 years ago
@ SATANSbankers
The first Federal Reserve caused crash was in 1920.
Please read; tinyurl . com /djvfzc
And the main lesson is in the contrast between how those two crashes were handled. Please understand that, that aspect is major one and the one that needs to be taught to contemporary peoples so that they know just how badly we are mismanaging things now.
kmg501 2 years ago
The FED took all the gold from citizens in 1933
THEY WILL DO IT AGAIN
Don't trust Illuminati double agents.
AAL 2 years ago 3
Well said AAL, but you heard the man buy gold.
louiethegreater 2 years ago
he's an Illuminati double agent
AAL 2 years ago 2
Wait till January... there will be some revelations coming out....about unemployment...GDP, ClimateGate, Obam... a whole bunch of stuff...it's going to be swift.
rapture0213 2 years ago
hey VV dude seriously I read half and stopped to comment, u like HSdent right n he thinks Gold n Silver r going down.... but I thought u think they're going up, should I sell my silver ?? lol
I prolly should read the rest cause u prolly answer my question there
ps im not selling my silver, im prolly gonna bury it
fox20012 2 years ago
I research this a few hours every and I still get confused with what to do with my money :(
robert prector always throw spanners intomy works about buying gold n silver lol
fox20012 2 years ago
The frustrating thing is that we all know the system has failed. Even though we know this the system won't fully "collapse" until THEY (the bankers/globalists) want it to. Until then they string us along like puppets...and we wait...and get frustrated at the orchestra of insanity...
kenandjasha 2 years ago
"fail to account for the dramatic decrease in tax income receipts" ahaaa lol
alikokos 2 years ago
I think some random guy on YouTube is definitely a credible source of financial advice, and especially to gain understanding of the massively complex macroeconomic system that is the international economy. This is definitely the best possible source of information that we could obtain.
TheRamenAvenger 2 years ago
Hmm, so Alan Greenspan, Paul Wolfowitz, and Ben Shalom Bernanke would be far more reliable sources?
You go ahead and run with that.
SATANSbankers 2 years ago
May as well flip a coin for economic advice
TheRamenAvenger 2 years ago 2
Vision Victory has been one of the best sources for reporting on the economy, He educates people on what is going on and what is going to happen. He gives GREAT advice on what to do to keep your
family safe.
REDDAWN 2009
Gives Vision Victory ******
RedDawn2009 2 years ago
WOLVERINES!!!!
jcwitness 2 years ago 2
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daltongang79 2 years ago
Fantastic post. Scary - wish it wasn't true, but unfortunately, it's not just a bad dream.
rockstar728 2 years ago
Israel runs America, they and their Allies, Run the Media, the Federal Reserve, Hollywood, and the Government.
It is what it is, and it needs to be acknowledged.
SATANSbankers 2 years ago
It's paper or it's a number in a database. Much of the money they make now is only digital. The digital age saves a lot of money on making money.
davecros 2 years ago
Obama will pass enviromental legislation "Copenhagen" based on the threat that the Co2 emissions represent to US citizens health .
He can bypass now the Congress and the Senate.
Ibilaemash 2 years ago
Im still calling the end of the recession in August.
skyding8962 2 years ago
The world is not suffering from a gold bubble. The world is suffering from a fraud bubble. Quantitative easing just absorbed 10 years of aid to developing countries. So: How much starving people on top of that do we need to understand that the current policy is just the highway to hell?
maverd 2 years ago 2
Oh, thank you very much for your contribution. However, listening to Mr. Celente will in my opinion be much more beneficial to people. From Berlin, Germany,Stefanie Kauth, MS Economics, Northwestern University
maverd 2 years ago
He's right, the blog is well worth five minutes of your time.
raspberrybaggio 2 years ago
thanks
NibiruMagick2012 2 years ago
Bernacke is on TV now saying, "inflation will remain low and should move LOWER from here"
What??
Clarissa2424 2 years ago
Is it just me, or is it really coincidental that just at the time in history when the elite are supposedly set to pull off the greatest wealth transfer in the history of the planet, that the richest most powerful nation in the world all have their faces buried in ipods, blackberries, DS's, Xboxes, and big flat panel televisions?
Anyone else notice this? I really don't think kids even talk to each other much anymore.
Trazom24 2 years ago 2
Trazom24,
You're 100% right and I don't think it's a coincidence. Everybody is also on facebook playing farmville or some other stupid game (most of my friends and coworkers are). Did you know you can actually spend real money to buy farmville cash and use that to buy virtual things that don't exist but make the game more fun? Who needs gold and silver when you have such "fun" ways to spend your money? (I can see Daniel shaking his head lol) j/k I don't buy any virtual stuff.
sstoy10 2 years ago
I was about to write something but I dont know about Farmvile. Watch out though!
It might not be as virtual as you might think. The virtual stuff might only be a medium of exchange between two people.
It is very common now in online video games.
Boils down to the same principle as gambling houses.
TheCZMan 2 years ago
CZMan, I'd love it if you gave some more details. I really don't play these games much, only once in a blue moon bc my friends are "there". I'm really not into online or video games and I can't spend too much time there, let alone spend my money. But I know some people who do. If you're trying to say that it can be addictive and like gambling, I definitely understand that and agree.
sstoy10 2 years ago
I'll believe we're in a gold bubble when all the Cash For Gold kiosks that have sprung up in the malls around me switch to selling gold instead.
Trazom24 2 years ago 3
They are selling it to a smelter as soon as they buy it. In 1979 and 80, I used to operate one of these kiosks and no sooner would we buy it we would turn it within 2-3 days. Never held it. We would pay about 80 % of spot price and sell it for 96% of spot. This lasted for about a year.
marketwatch101 2 years ago
just watched this, and read the blog.. man thats some good points about the babby boomers.. coupled with all the other tax'ing problems and economic problems we have, i think we are all screwed beyond belief, and this is why many people dont know or dont give a shit.
danratsnapnames 2 years ago
We care
bossduff 2 years ago
Did you know gold can be extracted from sea water? Nobody does it because at the moment it's not profitable, it costs more to extract the gold than the gold is worth. I wonder at what price that changes.
elpilotoazul 2 years ago
The USD Index measures the performance of the US Dollar against a basket of currencies: EUR, JPY, GBP, CAD, CHF and SEK.
Currency units per U.S. dollarWeighting
Euro 57.6%
Japanese yen 13.6%
Pound sterling 11.9%
Canadian dollar 9.1%
Swedish krona 4.2%
Swiss franc 3.6%
BlueEagle8 2 years ago
You and I are in agreement on the timetable for this crisis. I think anywhere from 10 to 20 years, but this thing has hardly gotten started. I think the "government" unemployment rate numbers will likely double from today's mark, and it's possible that this country literally fall apart of there is a national default that is not swiftly followed the the adoption of a new currency with worldwide backing. In other words, if our standards of living are allowed to plummet for long, it'll be over.
veritasfiles 2 years ago
Well said sir, I think most people have to understand that the U.S. as we know it and the system we currently live with is over.
CASTILLOM1 2 years ago
Greed, stupidity, ignorance, theft, control, are all in play and many others
fortherichbytherich 2 years ago
i read it vision. people are just lazy. your manifesto was very well written and made alot of good sense. i recommend it to anyone who has not read it yet. you very good at breaking information down and really getting to the meat and potato. thanks vision. peace!
35slave 2 years ago 2
Comment removed
margiemaae 2 years ago
Daniel,
there is a really good blog called FOFOA.
Google it.
It is all about where Gold in heading - check it out if you already haven't..
dojufitz 2 years ago
You have to remember Gold and Silver have been manipulated down for over 25 years.......to make the US dollar appear to be a store of value.....a mirage.
That is what you are seeing coming to an end......
Gold is now begining to find its fair value - which many people are shocked by - and are foolishly seeling their 'over priced' Gold jewelry for cash.
There are many facets to the Gold story - but the best thing about it is YOU can still afford it - because soon you will not.
dojufitz 2 years ago
Alot of people in Australia think that our dollr is very strong as its .93 us cents per
$1 Aussie dollar......The funny thing is that gold is still going up,The Aussie dollar is falling just like the US dollar,its just it seems strong as we are .93 us cents,,,,just thought you may like to know
investornator 2 years ago
Completely agree with your blog Daniel well said. What im wondering though is whether or not it will actually take 15 years to "recover". I think you are assuming those numbers to be correct if the system we have now remains intact...which it wont. There is massive change coming, ive even heard of the possibility that the U.S. may dissolve into regions and the south may merge with the northern mexican states and form their own country separate from the U.S. and Mexico.
CASTILLOM1 2 years ago
Not to mention the massive amount of death headed our way through war, disease, famine, climate change, natural disaster etc. Im not sure if I believe in the depopulation theory but it makes a heck of alot of sense considering all the events they predicted would occur are all around. If their is an outbreak of war, famine, disease etc..then the boomers and many others wont be around anyway. America as we know it will soon cease to exist and what arises in its place will be like nothing weve seen
CASTILLOM1 2 years ago
I know, im a fear monger/alarmist but the predictions of the Mayan calendar, bible, qu'ran and all the others seem to be coming to fruition. I dont think at this point anyone can predict the economic future of America only because America will cease to exist very soon. At least the America we knew. North American Union here we come. Yet another great reason to own metals. 15 years to recover is correct!!! Given that the system we now have survives, not likely. Hello 1800's, here we come again!!!
CASTILLOM1 2 years ago
Based on the availability of gold and silver in the world today, BOTH gold and silver are under valued. There is only so much gold and silver on earth. And only a limited amount available to purchase - the U.S. mint suspended gold sales again, etc. Based on the availability of the metals and the high demand we should all be rushing to get silver and gold.
clearasvodka 2 years ago
I know this might sound crazy, but it feels like things are stagnent and quite normal economically speaking.I dont even follow this stuff any more because it feels like nothing is going on,is this the calm before the storm,or will their possibly be no storm because of help from the e.t.'s ?
brendandylanmaloney 2 years ago
you guys dont know squat about gold..and you guys dont understand what the hell is really going on. you simply repeat crap that you have heard some so called expert tell you.. or maybe someone whispered it to you buy gold.. Ok soo just to proove to you all that I know what is heading our way i will give you a little snippet of what is commin. And just maybe it will actually have people use their brains for once.. YOU READY?! i got two words for you all to ponder.. PURPLE GOLD !!
captcaveman4201 2 years ago
i think i get it but IMO that will be dependent on geographical area, other factors, and shall come at a later date after the real gold bubble pops...and at that point it might just be 'edible gold' that is worth biggest bucks
nextdimensions 2 years ago
what does that mean, are you bullish on grape futures? aha....GENIOUS!!!
bluehorse888 2 years ago
Your blog is worth reading. Thanks.
vivaloriflamme 2 years ago
348 ratings 305 views ????
North700 2 years ago
Why is the drop in gold price last week, news-worth?
gweatherford 2 years ago
I read your blog a few days. A good-big picture analysis of what is coming through the tunnel. With the baby-boomers entering public assistance programs, their earning and spending power declining and their 401ks devalued, I can't help but think what a burden all these proposed gov-run programs would be to an already devastated economy. More importantly, we can expect a dramatic reversal in the national standard of living.
matahaari 2 years ago
I will give you an examle of my 2 parents who were boomers living on about 100K a year. They retired last year. My mom used to be able to spend her whole check just to shop and buy whatever. She was a faithful shopper at Macys, Nordstroms, Kohls, Target etc. That STOPPED... Now she shops faithfully at Goodwill and St. Vincent! Dad no longer buys the things he use to and they hardly ever eat out.
Times that by millions of Boomers and you get the picture!!
margiemaae 2 years ago 3
considering the drop in gold...silver`s drop was mild...JP morgan has the largest short in silver...greater than 50% of all the shorts...they lost 3 billion $ in Nov on their silver shorts..very dangerous that JP has this kind of exposure but good for investors if they sell to cover as this will raise silver prices
mike6459 2 years ago
Volume is very important. On Friday UUP went up with huge volume. Do you think $ will start moving up at least for now?
lilidk6150 2 years ago
I'm still very curious what investments you're bullish on (other then gold/silver)
5 star vid!
RikaKazak 2 years ago
Very informative video! Loved it. Thanks.
erikslapp 2 years ago
The world economy is, as Schiff said it would, decoupling from the dollar. The next round will be when the world finally says they don't need us any more. 2010 is gonna be the year that we enter into the belly of the beast. Early into the year, state, city and county employees are going to be laid off as the TARP money dries up. Many more businesses that were depending on a good holiday shopping season will go belly up. As the tin man said, its gonna get darker before it gets lighter!
Shameonfed 2 years ago 2
I just read your blog. You've done an excellent job laying out your facts and backing your claims. Demographics are hard to argue against. Guess that why actuaries make the big bucks. Many thanks for all your efforts. Education of the masses is our only hope of keeping the Constitution alive for our children. My hope is that globalism fails before my 5 yr. old son has to get chipped inorder to eat. Scary days are ahead of us. If it goes south, I'm ready to muster for my boy's sake.
oldmrelics 2 years ago 3
Thanks for checking out my blog
visionvictory 2 years ago
oldmrelics,
I agree with you. We have to try to educate people and do something/anything (nothing violent though, that will just speed up martial law) to change things. Maybe we should start by using what we're good at to make sure we have a better future and not a terrible one. I really hope their plans fail and it never comes to the chip part. After that we're doomed. There are many great people trying to do sth and wake people up, including Daniel, so I have some hope.
sstoy10 2 years ago
There was no REAL economy to recover. The last decade was driven on printed money out of thin air. Facts are that Main Street is getting worse; the kings/queens on Wall Street are sitting pretty. Just because the stock market goes up and gold goes down doesnt mean its good news for us on Main Street.
smasila 2 years ago 3
Bubble bubble the dollars in trouble
Grin of Greenspan Beard of Bernanke
Giethner is panicking
It's the end of the Yankees
carlfinkle 2 years ago
Thanks Daniel
whiskerchild 2 years ago
Guys, click this man's ad. He works hard to bring you this information. Excellent video 5 star!
Rate it!
crasster1 2 years ago 2
don't let your ego get the best of you
plumflowerblossom 2 years ago
Daniel, personally, I love that you seem more confident and sure of yourself. You should be.
You can make some of the people happy all the time, all of the people happy some of the time but you can't make all of the people happy all of the time.
sstoy10 2 years ago 2
daniel, i did read your last blog and enjoyed it alot. the material your working from is solid and vetted, by you, and others trying to get to the bottom of the economic situation. because you have mastered the material your writing out your understandings for others is a great service. going to keep taking advantage of this excellent information.
watcher0777 2 years ago
they (the Fed) will keep pumping the market at least until Xmas.
rog944 2 years ago 2
If China truly buys on the dips in gold prices we should see a nice rebound in the next few hours.
thirdcoastguy 2 years ago
You're spot on VV. People forget or don't know that Soviet Union had excellent "massaged" statistics for everyone. They even had a job for EVERYONE which paid a "salary". Every year USSR doctored their statistics and numbers. You know where it ends. USA is doing the same thing today but doing even freakier accounting methods. The result will be the same, however, just a lot large and more Balkanized!
linnx88 2 years ago
Umm, trim tab is a very reliable source. They do fund flow and other data. My firm competes with them, but Charles Biderman is a good guy. They have a You Tube channel, but he is not always right about employment, IMHO. Regardless, to think markets will always go up is dumb anyhow. I always thought that there was a point of maximum growth, especially when Boomers met retirement and passed on because demographics will not catch up for sometime into the future. The employment report was bogus.
demsco 2 years ago
Could this bear market rally be fabricated in order to falsely boost the economy?
gombet 2 years ago
This comment has received too many negative votes show
its funny to listen to you make the arguments about paper money.. the one argument is that they can make as much paper money as they want.. And then you say Gold is different.. And this is one of the main points that i have been trying to get through to people for years now... ITS NOT ANY DIFFERENT NOW!! ADVANCES IN TECHNOLOGY MAKE THEM BE ABLE TO MAKE AS MUCH GOLD AS THEY WANT TOO NOW !! And they are laughing their asses off! its the horse following the carrot stick! STOP BEING THEIR SLAVES !!
captcaveman4201 2 years ago
captcaveman, they make gold? How?? I want to make some too. ;)
sstoy10 2 years ago
there are several ways.. one way is to use an exotic type of sylica. and use frequencys to change it from one element to another. a different way is that they have a so called microscope that can actually move around electrons. Or you can use nano technology to make an atomicaly percise brick of gold. One layer at a time. and the same thing can also be done with silver.
captcaveman4201 2 years ago
captcaveman, how do you think this will all pan out?
LOGICvsYTIDIOTS 2 years ago
eventually all forms of currencies go away.. and with it go alot of the problems that we face. slavery and hunger for starters. lots of space that is currently used by insurence companies and banks open up to public use.. finnaly the people will be able to move about the planet as they see fit.. People will wake up in the morning filled with excitment of the possiblitys that they can contribute. instead of this day in day out same counter productive routine that we are slaves to. it gets better!
captcaveman4201 2 years ago
captcaveman, once again you have no idea what you are talking about.
(in my NatSci undergrad work I ran everything from gel electrophoresis for DNA analysis to nuclear magnetic resonance imaging machines--but I don't know everything).
Nanotechnology can never create some true form of alchemy.
While you could use them to strip electrons, THAT does not shift elements --it just creates an ion of one. To change elements, you change neutrons and protons.
Nuclear reactors do this (with NO precision)
jcwitness 2 years ago
never say never.. here is the thing.. all you have to do is ask this question.. Do you think it is possible for humans to ever evolve beyond money? Think hard about it :) also i might add that they also have Green Gold the stuff looks soo much better then just the regular Gold color..
captcaveman4201 2 years ago
Bernanke has already stated that they are alchemists. They already turn paper into gold. The art has been mastered. When the dollar collapses, they will turn another fiat currency into gold. Electronic gold is also alchemy. No metals needed.
BendoverBernanke 2 years ago
I just bought another 10oz silver bar. I believe that the fed/our government are doing everything they can to prop up the value of the dollar a little longer, making deals with china. I believe that our manufacturing jobs won't come back until the dollar takes huge hits compared to china and mexico.
jaingxu 2 years ago 2
Daniel Ive read your article on the baby boomer thing, but a question came to mind. What percentage of spending difference is there for someone at 48 compared to say someone at 25? I ask because if its small enough, the gradual increase in baby boomers may not have as big of effect as one thinks.
skyding8962 2 years ago
Nobody wants to talk about silver anymore?? Seems those who were so bullish about silver, now are only talking about gold.
GoldSilver588 2 years ago
I do...I like the fundamentals of silver better than gold. And I'm sure I'm not the only one here. It just has too many uses, and there's only so much of it above ground minus what industry is using. Yep, I like it. ;)
magbigblock 2 years ago 3
I agree with ya.
Short term (Xmas boost) it will be hyped to the Max that everything is ok.
April when the books are done will be a different story.
Oh when to get in on the bounce ha ha
Cheers
GuildF40 2 years ago
I feel the dollar will rally until 4th quarter 2010.
The devils in the deal.
ABETRMAN 2 years ago
Daniel, read it, printed it. A very nice piece of work. *****
magbigblock 2 years ago
thank you
visionvictory 2 years ago
see, what we are in is a biological cycle. you have a system that is out of date with our technology, and this is the process of its collapse before the new system comes online. Red "The Biosphere" by Vernadsky. One cannot understand culture and history without understanding what life is.
proxy4718 2 years ago
In the bible it says- No man will be able to buy or sell without the mark... The system of the Anti-Christ, it;s all there in black and white.
margiemaae 2 years ago 3
A 15 year downturn in the economy?
vsaldanas 2 years ago
if things are normal, but it could get a lot worse. Please check out my blog, use the link in the more info area.
visionvictory 2 years ago
sometimes i jjust wonder if this is the late 70's again, and not a real SHTF, with Gold maximum at about $2200 or so, the 70's inflated price, though my education of economics is limited, i wonder if they could hold this thing together for another 10 yrs or so
but what do i know
chromedreamz 2 years ago
When precious metals go down, wait a few days and buy it! Buy it as it goes down. These criminals in Wall Street are shorting it. Let them short it all they want, it is going good for the people who want to buy it. Their little games aren't working, because they can keep the price down for a few months to a few weeks.
He101A 2 years ago
Won't be long before Obama's staff is demanding they be paid in gold instead of U.S. dollars. I'd suggest we pay them in Zimbabwe dollars but they aren't worth that either.
thirdcoastguy 2 years ago
Vision you are the man I read your blogg and man it seems common sense to me and i'm no economist. As you send the American way of living will never be the same. With the baby boomers now a the lower level of their spending and the surge in claming social security. Theres no money and this fiat printing of money is just prolonging the inevitable. These so called economic legislators should be hanged. The country is ruined a depression for 15 years.....oh boy!!
dreadz808 2 years ago
Thx for the comments
visionvictory 2 years ago
funny dreadz mentions hanging of those responsible for economic collapse, because that is EXACTLY what our laws outline.
If you read the Coinage Act of 1792, you will find a nice tidbit in section 19 about DEATH PENALTY for ANY OFFICIAL found guilty of debasing our currency.
Founding fathers rock!
jcwitness 2 years ago
Daniel, I bought quite a pile of gold and silver rounds from APMEX in summer as you suggested back then. If you go to their web page and click on the APMEX Top 40 button today you will see that the quantity of blue Alert Me! buttons are growing larger every day for the Top 40 category of products they sell. So they are running out of product. And I noticed the raised their premium on Gold Eagles from 49.00 to 99.00 over spot. Signs of the times.
thirdcoastguy 2 years ago
gold silver getting hit again as world markets open...gold down 8, silver down .11
kenandjasha 2 years ago
Dang, a 10 day low.
visionvictory 2 years ago
One thing I don't understand, Daniel. I know gold is considered a precious commodity, but why? Is it because it's so rare that you have a hard time getting a hold of it, and you'll be trying to pay a lot of worthless dollars or maybe food and such to get it? How can it be of value in and of its self? You can't eat it or heat your house with it. Just curious, Daniel. Hope to hear a response. I do believe as always that we're headed toward collapse.
psxwarrior 2 years ago
@psxwarrior One aspect of "money" is that it represents a certain amount of work. Since mining gold requires a lot of work and energy for such a small amount of metal the representation of that work is inherent in that metal. Gold can then be spent for other people's labour or goods and services. My guess is that 1oz of gold is equal to about 2 weeks of labour in the Western World.
bunkermunk 2 years ago
Good point.
psxwarrior 2 years ago
and a years worth in mainland china
Repomex01 2 years ago
It's precious simply because it's rarity,beauty and most importantly it's properties in that it doesn't degrade thus making it a valuable "store" of wealth even though it can't contribute to survival. An agreed "storage medium" is necessary to prevent businesses from having to store their income in perishable products eventually losing value. Thus PM will maintain value in anything but a complete apocalyptic scenario where life sustaining staples and tools will far exceed the value of any PM.
Teyec00n 2 years ago
Thanks for the reply. Makes a lot of sense. I can see where it would be good as a store house of wealth.
psxwarrior 2 years ago
Gloom and Doom crap never pans out.... All talk but nothing every happens.
link2randle 2 years ago
Gloom and Doom? I'm just presenting the facts. Please, tell me where all these jobs are going to come from to hire 25 million+ people?
visionvictory 2 years ago
You aren't wrong...we are just in limbo until they release the mother of the generated crisis and blame the total collapse on it...
kenandjasha 2 years ago 2
interested in hearing what you think the mother is ;)
nextdimensions 2 years ago
they have so many potential bombs..."terrorist" attack, bioweapon, emp pulse...my guess is Iran conflict with sleeper cells/oil disruption but anything could happen...all I know is they won't take the blame when it does collapse
kenandjasha 2 years ago
Nah, it'll just be 2500 banks closing and the FDIC being shut down next year. That'll finish off the country for sure.
psxwarrior 2 years ago
Long the metals ...be wise or be broke ~
RenegadeTimes 2 years ago
"Somebody who doesn't understand currencies and certainly doesn't understand macroeconomics..." Are you talking about me? LOL ;) That's why I'm not the one arguing with you :) I do understand why silver is a good investment though...
Excellent video. *****
~Your economics-challenged friend
sstoy10 2 years ago
What? not sure who it was, but I do remember having the conversation :)
visionvictory 2 years ago
It wasn't me arguing with you or saying those things, but it's true I don't know about currencies or macroeconomics, so I just thought it was funny. :)
sstoy10 2 years ago
Max Keiser is saying that the states can't find anyone to buy there bonds says the government is now buying them. Purely printing money out of thin air now. Take it or leave it
NovusChaoMundi 2 years ago 3
It seems to me VisionVictory wants the economy to collapse.
He101A 2 years ago
@He101A For the first year of this I would preface everything I said with "well I hope this does not happent". Then I reached a point where I understood what was truly happening and that nothing was going to change..unless we have a collapse that pulls the curtain back. I think you would agree, that most people still do not see the curtain, much less whos behind it.
becauseicare2 2 years ago 2
@becauseicare2 I don't think the economy is going to totally collapse anytime soon. It will take a few years for that to happen. It will not happen in a few months or even a year from now. Prices are going to go up gradually. It will happen more like the proverbial frog in the pot of warm water.
He101A 2 years ago
He101A,
Why would anyone want the economy to collapse? I don't even think those with gold/silver or lots of food will have a lot of fun if that happens, so why would they want it?
sstoy10 2 years ago
From 0:00 to 0:30 I wanted to offer my perspective....
Gold is in a BULL market. It's rallied against all 4 major currencies.
Dollar is in a BEAR market. It's fallen against major currencies and gold.
Together this is brewing up the perfect storm!
Adahondeayenh 2 years ago
ok I finally read it. I never had any hope of collecting ss.47
STOPPUCKNOW 2 years ago
Gold market opens in 5 minutes. Guess we'll see where we are, soon. =^[.]^=
Raycheetah 2 years ago
Last 2 weeks when gold moved up, it moved up in Asian markets!!!!!!!!
SilverDude7890 2 years ago
Bubble? look at the overpriced stock market PE ratios in the high 80-100s again just like the tech bubble. Market is way over valued
NovusChaoMundi 2 years ago
anybody have a good website for the federal income tax revenue numbers. it seems like that would cut throguh the BS about jobs. even if the nubmer of jobs is high, how much are they getting paid compared to last year??
SGDeGalvez 2 years ago
Everybody that is now calling a "gold bubble" missed the "housing bubble"..... Yup... they're good alright!!!
frontier1701 2 years ago
Daniel, don't get discouraged at all. What your doing is incredibly important to those of us that are still getting our heads wrapped around this stuff.
I can't stress strongly enough how appreciated your work is.
kmg501 2 years ago 3
I've had my most profitable and best year ever, thanks in part to some excellent YouTube videos. 15 years now -- no debt, frugal living, systematic savings, diversification. Those who do not remember history are doomed to forget it! Greetings from France.
slobomotion 2 years ago 4
thanks
longltran 2 years ago
Thats right dan - plus gold is going up in all currencies - because they are all flawed - not just the USD.
stellaconcepts 2 years ago
POOR MAN's GOLD
Buy nickels...If the dollar goes you have real metal, if the dollaor doesn't go you can easily convert back to dollars.
What do you think?
laurieannek 2 years ago 2
Pennies are better zinc from 1982 to now and copper before 1982 are worth more than the penny you paid. Although it's true for zinc in a 5 cent coin you are getting more zinc from 5 pennies.
google
coinflation
davincij15 2 years ago
Nickels are 75% copper
...too expensive to separate from the nickel
besides, it's illegal to destroy currency
what's wrong with silver, palladium and tantalum,
for those who can't afford much gold?
gyrgrls 2 years ago
Sure, its also illegal to cheat on your taxes. But I think as the US govt angers more citizens, we will absolutely see them extract revenge by melting coins. The nickel is an excellent investment opportunity, as you can procure unlimited quantities at $0.05 ea.
...
FROM WIKI:
On June 13, 2008, the value of the metal in a United States nickel coin reached $0.06013, an 20.3% premium over its face value.
As of November 27, 2009, the value of the metal in a nickel is $0.0456411.
rentonsentinel 2 years ago
Yes, what you are describing is essentially free call options contacts on nickel. I haven't spent my coins in years.
rentonsentinel 2 years ago
I have read "Do you even have a clue?" and it seems logical to me and it looks like you have done your homework.
Not that I don't trust you but I would like to see where you got your data and back check it for myself.
Why?
I would not want to take actions on someone else's information as I have done that with the MSM all my life.
A lot of your numbers I have read before
-76 million births
-200k per kid
-500k applied for social security
I want to verify spending habits.
davincij15 2 years ago
It's funny btw, that there aren't very many videos on the flu lately; I think people are getting worried about the Copenhagen Treaty.
iloveterriers 2 years ago
The next two false flags will be a laugh riot. Not.
slobomotion 2 years ago 3
Hey iloveterriers. I will speculate that Obamas admin can't afford to promote the flu issue during the years biggest shopping season. Making people afraid of catching the virus might negatively effect people's willingness to go spend money they don't have, in heavy populated areas.
I feel they will most likely push that agenda after the shopping season. If not, I wonder if Obama will take back his national emergency powers.
urfastpaydaily 2 years ago 6
read your blog Daniel, great job it the general public could just understand that . if they could them might see we are falling off the cliff. if you thing all our entitlements are going broke when the economy was good, just wait and see. GOING BROKE is going to be redefined shortly!
redline1189 2 years ago
I agree. And I do not think that experts like Celente would keep emphasising that this is "just the beginning" of the economic crisis if it wasn't true, because otherwise he'd make a fool out of himself when the truth comes out. Things are certainly going to get worse but it's better to be prepared, even mentally and emotionally. We may not be having as much fun as the people trying to ignore the problem, but we will be prepared in other ways.
iloveterriers 2 years ago 3
I think I can give you a better explanation about the dollar index and dollar value.
Yes - The Dollar is based on the value of other currency - the dollar index is just a measure of the overall strength against foreign currencies.
NOW that said. The deal with Gold is that it is a 'Risk Aversion' vehicle.
Meaning...when everyone thinks currency is failing they move into Gold (i,e. increased price) - unrelated to dollar 'strength'.
Banks move money back and forth between: Gold, Stocks & Cash
PsyogiBottoms 2 years ago
When the market starts tanking again, I'm pretty sure most ot the mutual fund managers (i.e.--your 401k) will move back into treasuries.
I doubt many of them will have the cajones to take a very big position in Gold.
wizardofounce 2 years ago
yea but peeps are lazy and they only want it in video format....haha.
glassman1313 2 years ago
Thank you Daniel.
fal2grace 2 years ago
I read your blog "Do you even have a clue" and yes the aging population of boomers has been talked about over the years with dread.
I don't think as much in the context of economic contraction as in SS and healthcare.
As far as macro data, I get more out of Karl, and he's very good. Not only tax receipts for employment data but sales for economic activity, as well as shipped tonnage for forecasted activity.
I look for different perspectives, that's why I'm here. You are very good too.
Atoyota 2 years ago
Blog was great. Thank you!
dgmoocher 2 years ago
good stuff guy.
mbdowney1 2 years ago
vision u are right in your last few minutes of your video, this recession will last a long time, the fed has re-inflated the system and it will take twice as long now to return to normal values, we are in the K-wave winter, it should last until 2020, we are in the eye of the shit storm right now
solojam 2 years ago
no WAY this can sustain itself until 2020.. total collapse or total re-structuring of the economy must come within 12-18 months, probably much sooner.
Eraser7622 2 years ago 4
sure it can the market may go up but the poor are getting poorer, it will be the hidden inflation that kills the economy, it will last for years and years now, this happens every 80 years this type of asset revaluation, even tho stock market is going up the usd is getting massacred, the value of those stocks going up are actually going down when u price it in real assets like gold and silver.
solojam 2 years ago
You're suggesting that somehow this situation is normal. it is cyclical. Are you serious? This is not a correction or a resetting, this is the end of the system, period. This is on the level of the fall of Rome when the parliament was filled with uber-rich elitists who thought they could do as they pleased. This is on level with the fall of all of humanities great civilizations/super powers. Spain, Rome, England, even the USSR. This is not about a natural cycle, this is about system failure
Eraser7622 2 years ago
yep it is normal, and yes these are cycles... this time it is being propped up but nonetheless it will occur... maybe you are just not smart enuff to see it, its ok just follow the herd and go back to watching american gladitors. LMAO
solojam 2 years ago
A cycle he says.
Misinformed little pup, keep trying.
Eraser7622 2 years ago
this will be the hidden depression because the wealthy will be ok, just the middle class and poor will really be effected
solojam 2 years ago