THE SKY IS FALLING: Gold At $825--Remember when I wanted to buy 2 months ago at $550?

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  • onelongsongonelongsong Posts: 3,517
    you're going to listen to the guy who thinks that if everyone had a semi-automatic attached to the dashboard of their car road rage would stop and no one would ever get hurt? the guy who has admitted he has a stockpile of weapons and is just waiting for the us government to invade his house in arizona to kill them all? this guy is still living in 1880 in tombstone, arizona. you might want to take his advice with a grain of salt.

    too bad you didn't have the balls to stick around. if you've been paying attention over the past months; no wait, years; you will see that i've been right every time. from the price of gold going up to the ice the scientists predicted to be melted by 2050 as being melted by the end of this year. it's already melted. i live where it is like the 1880s. some countries live like they did in 1 ad. check out a third world country sometime. so the entire world isn't like it is on your street. you can't open your mind to that and i see that now. however; i'm connected with the world via satellite and i know what's going on. i've lived 51 years and i know how to follow past history. me grand and great grand told me many stories so i make my predictions on what happened in the past adding in current variables.
    if you pay attention; you may learn something.
  • onelongsongonelongsong Posts: 3,517
    I've been trying to get into real estate for the past 5 years. It has taken me a while because my first financial partner flaked out, the second one had a family crisis, and now i've moved to where the market is MUCh cheaper and i can get in by myself.

    I said REaffirmed my belief. I don't base my decisions on anyone elses opinion. I just listen and discriminate based on my own internal senses.

    I trust him a lot more than i trust your outlook, as off the deep end as his approach may be ... it is still fundamentaly sound. I get the feeling when the shit hits the fan, HE will be doing great. You might be sucking wind though.

    sheesh.

    for humainties sake; i hope i am sucking wind. but looking at how the earth reacted last time it didn't have ice cover; i have to stick by my predictions.
    i did tell you to use your own common sense. i never told you to do what i say. i only point out when i'm right. i don't know anyone with money that didn't start out with realestate. many failed because they bought in areas that went down in price. that's why i stressed using your common sense. i can tell you all about arizona and nevada; but when it comes to your area; i'm dumb as a rock. so don't trust anyone with your investments. use your common sense and take things into consideration when the person giving the advice has been right most of the time.
  • jeffbrjeffbr Seattle Posts: 7,177
    Classical economics is horribly flawed.
    Central banks fucked the idea in the face.

    You may want to brush up on the truth that lies under the surface.

    No thanks. Your "truth" seems to cause panic attacks and irrational behavior. My "truth" has been historically consistent and doesn't require panic or wholesale moving of assets. If you're comfortable with your discomfort, go for it.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • CosmoCosmo Posts: 12,225
    So... in the not too distant future... we're gonna have to plop down a Kugerrand at the local 7-11 for a pack of Marlboros? What do we get in change? 50Cents front teeth?
    Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
    Hail, Hail!!!
  • onelongsongonelongsong Posts: 3,517
    jeffbr wrote:
    No thanks. Your "truth" seems to cause panic attacks and irrational behavior. My "truth" has been historically consistent and doesn't require panic or wholesale moving of assets. If you're comfortable with your discomfort, go for it.

    i have to stick with drifting here. your TRUTHS don't take the current events into account. your "truth" has been consistant for a time when the earth had ice cover. people who want to protect their investments follow everything that happens in the world. not just watching numbers on the stock exchange. people that watch only the market lose money. those that look ahead at what's coming; make money. THAT; son; has ALWAYS been constant. some days i sit and wonder what most of you watch on the tele. those watching and keeping track of scientific information are scared shiteless. those that look back in history to see how the earth reacted when it didn't have ice cover are looking for higher ground and trying to keep what they've worked for. if you're looking for constants look back over the last few thousand years. those with land ruled the people.
    just something to think about.
  • onelongsongonelongsong Posts: 3,517
    Cosmo wrote:
    So... in the not too distant future... we're gonna have to plop down a Kugerrand at the local 7-11 for a pack of Marlboros? What do we get in change? 50Cents front teeth?

    i hope i'm wrong but in 5 years there won't be a 7-11 to buy anything. i'll be having a major nicotine fit too.
    did you get to see that show about extinctions?
  • jeffbrjeffbr Seattle Posts: 7,177
    i hope i'm wrong but in 5 years there won't be a 7-11 to buy anything. i'll be having a major nicotine fit too.
    did you get to see that show about extinctions?

    I will bet you $1,000 that I will be here in 5 years. I will bet you another $1,000 that 7-11s will exist and be selling cigarettes in exchange for dollars.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • onelongsongonelongsong Posts: 3,517
    jeffbr wrote:
    I will bet you $1,000 that I will be here in 5 years. I will bet you another $1,000 that 7-11s will exist and be selling cigarettes in exchange for dollars.

    i'll bet you 100K i'm right. we can put the money in an account in nevada (where gambling is legal) and winner gets the interest.
  • jeffbrjeffbr Seattle Posts: 7,177
    i'll bet you 100K i'm right. we can put the money in an account in nevada (where gambling is legal) and winner gets the interest.

    Nice. Well, I am not going to liquidate assets to put $100k in an account somewhere for five years earning money market rates. I'll stand by my previous bet, we can keep our money working for us in our own ways, draw up a contract if you like (I'm sure we could be creative and make the contract something that doesn't directly point to gambling), and at a 5 year anniversary the losing party can wire funds, or send gold coins by pony express or river boat.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • Not that anyone wants to read about this...

    "Fearing a stock market crash worse than 1929, Charles Merrill cousin to the founder of the Merrill/Lynch dynasty, is quickly converting to gold coins. "
    http://www.inteldaily.com/?c=139&a=4108

    fuck...
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • CosmoCosmo Posts: 12,225
    i'll bet you 100K i'm right. we can put the money in an account in nevada (where gambling is legal) and winner gets the interest.
    ...
    Take it Jeff... that's a good bet. If you don't... i will.
    $100,000.00 for $1,000.00 x 2. The bet being you will still be here and so will a 7-11 selling cigaretes.
    Put me down for that... I'll risk 2K for the chance of winning 200K.
    Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
    Hail, Hail!!!
  • jeffbrjeffbr Seattle Posts: 7,177
    Cosmo wrote:
    ...
    Take it Jeff... that's a good bet. If you don't... i will.
    $100,000.00 for $1,000.00 x 2. The bet being you will still be here and so will a 7-11 selling cigaretes.
    Put me down for that... I'll risk 2K for the chance of winning 200K.

    Ah, if I'm only putting 2k in right now, I'm in! I misread it. I thought he wanted me to pony up $100k and put it in an escrow account, and I'm not ready to tie up $100k for 5 years.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • CosmoCosmo Posts: 12,225
    jeffbr wrote:
    Ah, if I'm only putting 2k in right now, I'm in! I misread it. I thought he wanted me to pony up $100k and put it in an escrow account, and I'm not ready to tie up $100k for 5 years.
    ...
    Yeah.. there's no way you can turn $2,000.00 into $200,000.00 in 5 years. And the risk is what... a 42" LCD Flat Screen and DVD player?
    Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
    Hail, Hail!!!
  • soulsingingsoulsinging Posts: 13,202
    i'll bet you 100K i'm right. we can put the money in an account in nevada (where gambling is legal) and winner gets the interest.

    holy shit, ill take that bet! we'll set up a lein on my future firm income.
  • jeffbr wrote:
    we can keep our money working for us in our own ways, draw up a contract if you like (I'm sure we could be creative and make the contract something that doesn't directly point to gambling),

    Nice,
    i'll print this thread and use it to extort half of that bet from whomever wins in 5 years, and make my way to the hills to live a swell life!

    Investment worries, solved!
    ;)
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • Not that anyone wants to read about this...

    "Fearing a stock market crash worse than 1929, Charles Merrill cousin to the founder of the Merrill/Lynch dynasty, is quickly converting to gold coins. "
    http://www.inteldaily.com/?c=139&a=4108

    fuck...

    Those that don't want to believe will one day soon be forced, by the very market they worship so devoutly, to reconsider their faith.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • KannKann Posts: 1,146
    Yeah, well that sucks, check this out.
  • soulsingingsoulsinging Posts: 13,202
    holy shit, ill take that bet! we'll set up a lein on my future firm income.

    seriously dude, are we on? in 5 years i'm dead or there will be no 7-11's that sell cigarettes? i'm prepared to write my will right now. dead serious. if i'm alive at the end of 5 years and 7-11 still sells cigarettes, you give me $100k?
  • i appreciate your concern, but i can take care of myself, thank you very much. if the economy crashes as you predict, i'll make a fortune litigating bankruptcy claims on behalf of bank of america, citibank, and jp morgan. no sucking wind here, chief.


    I know quite a bit about bankruptcy and would like to join your firm. I have no law degree.

    it'll be fun!
  • jeffbrjeffbr Seattle Posts: 7,177
    Those that don't want to believe will one day soon be forced, by the very market they worship so devoutly, to reconsider their faith.

    Who is Charles Merrill? You find some obscure guy who has a recognizable last name (not for anything he's done), and is using that name to write a book. OK. I'm convinced. If he's dumping and putting everything into gold so should you. Good luck with that.
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • soulsingingsoulsinging Posts: 13,202
    I know quite a bit about bankruptcy and would like to join your firm. I have no law degree.

    it'll be fun!

    we might need an expert witness. how "flexible" can your methods and numbers be?
  • Gold at Eight Hunderd and THIRTY FIVE today.

    1000 by december?

    No problems with the economy here.
    :rolleyes:
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • Gold at Eight Hunderd and THIRTY FIVE today.

    1000 by december?

    No problems with the economy here.
    :rolleyes:

    Call me when gold hits $2,500. Then we can talk about actual economic problems.
  • jeffbrjeffbr Seattle Posts: 7,177
    Gold at Eight Hunderd and THIRTY FIVE today.

    1000 by december?

    No problems with the economy here.
    :rolleyes:

    BUY! BUY! BUY! Charles Merrill will be proud!
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • Call me when gold hits $2,500. Then we can talk about actual economic problems.

    I think that would bring us right to 1980

    I remember that the end of the world was imminent then when I was living in LA. The big earthquake was about to hit and slide us all into the ocean, (Ok, well, I was living on the inland side of the San Andreas fault, about 100 feet away so I would have been beachfront!) and the economy was going to collapse.


    In 1980 gold hit $825 and there was going to be no more economy and we were going back to the stone age.
    To put things into perspective, adjusted for the 160% inflation from 1980 to 2007, I think that puts 1980 gold at right around $2145 or so in today's dollars.

    While I agree the economy and the financial system is headed the wrong way right now, and this country needs to learn to fit into the world economy, 5 years from now, soulsinging will be running down to the 7-11 to get some cigarettes,,, or maybe having his limo driver picking them up for him after he gets his 100 grand!

    While our dollar is low, invite your overseas friends here!
    Heineken Helen was at my house this summer and she bought dinner and beers because it seemed cheap to her! :D



    Edit: Man, I used to be able to spell!
    Be kind, man
    Don't be mankind. ~Captain Beefheart
    __________________________________
  • While I agree the economy and the financial system is headed the wrong way right now, and this country needs to learn to fit into the world economy, 5 years from now, soulsinging will be running down to the 7-11 to get some cigarettes

    Ah, a voice of reason.

    The sky is most certainly not falling. It's just getting a little too close for comfort, boys and girls. Work your jobs, spend what you like, keep what you want. Allow others to do the same. Repeat the world over. Economics is not difficult.
  • pjtaperpjtaper Posts: 3,020
    I remember in High School Econ class learning the price for an ounce of gold was $400... I thought hmm, that's the same price as a ounce of good green.
  • Ah, a voice of reason.

    The sky is most certainly not falling. It's just getting a little too close for comfort, boys and girls. Work your jobs, spend what you like, keep what you want. Allow others to do the same. Repeat the world over. Economics is not difficult.


    I guess if I was REALLY the voice of reason, I'd be hoping soulsinging would have QUIT smoking by then. :D
    Ok, 5 years from now, maybe he'll be sending the limo to pick us up and take us all out for a night on the town! :cool:

    I've been around for a while, and the worst economy I can remember was 1980. I've been a home inspector for buyers for 20 some years now and this is the third pull back I've seen in the housing market. This is also the worst and slowest housing market I've seen since then. Since 1985, this is the third "bubble burst".
    Right now is the best time to buy a house in a long time, and I notice the lower end first time buyer market is picking up right now, as well as the high end million plus market. For the housing market, this is where it all starts back again, as the first time buyer market gets the whole thing moving again.
    Be kind, man
    Don't be mankind. ~Captain Beefheart
    __________________________________
  • pjtaper wrote:
    I remember in High School Econ class learning the price for an ounce of gold was $400... I thought hmm, that's the same price as a ounce of good green.

    When I was in high school, an ounce of "gold" WAS an ounce of green! :D
    Actually was $20 then!
    Be kind, man
    Don't be mankind. ~Captain Beefheart
    __________________________________
  • soulsingingsoulsinging Posts: 13,202
    I guess if I was REALLY the voice of reason, I'd be hoping soulsinging would have QUIT smoking by then. :D
    Ok, 5 years from now, maybe he'll be sending the limo to pick us up and take us all out for a night on the town! :cool:

    I've been around for a while, and the worst economy I can remember was 1980. I've been a home inspector for buyers for 20 some years now and this is the third pull back I've seen in the housing market. This is also the worst and slowest housing market I've seen since then. Since 1985, this is the third "bubble burst".
    Right now is the best time to buy a house in a long time, and I notice the lower end first time buyer market is picking up right now, as well as the high end million plus market. For the housing market, this is where it all starts back again, as the first time buyer market gets the whole thing moving again.

    i quit this past weekend... but i'd buy a pack just to be a smug bastard ;)

    as to the earthquake and your newfound beachfront property... wasn't that how lex luthor was going to become rich in the old superman movie? :D
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