Has the Silver Bull Started?
Uploader Comments (stellaconcepts)
Top Comments
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You are correct in that paper gold is crap. Physical gold is the place to be.
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Yup reaching for the dollar during a crisis right now is like two people drowning next to eachother in panic trying to grab the other for safety.
All Comments (139)
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Think of a job (if you can even get one, these days) as a way to cover expenses while you wait for the Moonshot in PMS. That way, you have money in your pocket, so you don't have to liquidate your PMs prematurely. =^[.]^=
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But the biggest contingent is the English/Irish diaspora - who are generally alcoholic hooligans. Australia has a HUGE problem at the moment with alcohol fueled public disorderliness and violent assault. Thank god guns are illegal here or the death toll would dwarf the USA (per capita).
[And im not being racist - i am partly English/Irish stock myself. Just stating the facts.]
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West Australia (the source of most of Australia's iron and gas resources) has about 30% of its population that were not born in Australia !!!!
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it better happen soon - im under real pressure from the mrs to "get a real job instead of this waiting for the moon launch crap".
It's excruciating - I subscribe to the Robert Kiyosaki school that jobs are slavery and have been steadfastly avoiding one - but it's hard to explain how the system works to the mrs - she just dont care for the details.
God it's hard! ;(
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Sure, I think the Yen would have something to say about it.
There are 2 sides to each equation who are all those people going to sell to.
Do me a favour, short the USD and leverage it up for me as well, soon I will be on the other side of that trade.
There is 100 trillion+ worth of credit issued in the US and only about 2 trillion of cash and equivalents in circulation. The household and corporate debt is coming due and soon much of that credit with be chasing that Cash.
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Thanks for the info, Stella.
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Nuanceqwest, That's possibly the dumbest thing I've heard in a while. How in the world do you envision the US climbing out of this with over $65 trillion in debt and a net worth of -$1.5 trillion/year? The dollar is completely destroyed and there is nothing stopping it. America consumes 20% of the world's resources but produces just 5% and we are a 70% consumer economy with over $14 trillion in personal debt and no manufacturing base. LMAO!!!!!!
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Youre right on all counts..the media will spin this as some kind of goofy accident. They wont inform us Dubai is out of oil and economic collapse has hit them hard.
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I wonder how the media will spin the Dubai default into part of the economic recovery. They've done a pretty amazing job with the unemployment numbers. It is encouraging right now that gold is only down about 30 dollars. The fundamentals still haven't changed for PMs. If this takes the markets down hard, Bernanke will get the money hose out again, also, China will probably just use this for a large buy point. They wouldn't want the price to crash too much and have millions of angry citizens
I can't believe you suggested that Warren isn't passionate about his subject, John?. He's probably THE most passionate person out there right now. He is very angry at the way things are headed.. but in a very controlled manner.
The man is almost too quick for me, his brain works at such a high frequency that it's possible to miss his very precise points. He is permanently reminding himself to slow down & explain things because he knows he'd lose our understanding. Very intelligent guy.
ShillBasher 2 years ago
no you misunderstood what i meant - i mean a lot of us are passionate about what we do (despite what the facts may say) whereas warren looks at the basic facts - ignores a lot of noise.
i agree - he's passionate about what he does - obviously - anyone on YT who bothers to do vids obviously is... i just meant he doesnt let opinion sway him - hes right down the line kinda guy.
stellaconcepts 2 years ago