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

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Comments

  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Gold is at 8 FORTY FIVE today, it is jumping up $10+ a day.

    There is a Fed speech \ Q&A session taking place as I write this.

    Ron Paul was just on bashing Bernake for about 5 minutes.
    He shrugged it off and played down the damage.

    Bernake still says "six months to see stabilization"

    we'll see.

    Wait for this SIV thing to hit.

    BTW, if i sell all my stock, i have to pay off all my margin loans, and pay a WHOLE LOT of capital gains,

    i would be left with about a measley $2,500...

    it just doesn't work financialy for me.

    I'm kind of screwed if i do, screwed if i dont.

    I don't think that makes me a hypocrite.
    It just makes me nearly broke either way you cut it.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • onelongsong
    onelongsong Posts: 3,517
    soulsinging wrote:
    i just think you're an alarmist and a hypocrite who gets a bizarre pleasure out of your histrionics and panicking. why do i think this? have you sold all your stocks, emptied your savings, and bought gold yet? put your money where your mouth is, then i might take you seriously. otherwise, your rambling is about as compelling as listening to guys debate the strengths of their fantasy football teams... sure it's interesting talk if you're into that sort of thing, but it has no effect on anyone else's real life.

    let's not forget that if you have a mortgage then; the bank won't be able to collect. any investment is a crap shoot. i don't care what the investment is. but see my post to cosmo above. drifting is putting the events of the world together and looking back to what happened last time. that is a successful investor. when NYC begins to flood; what do you think the market will do? the ice is melting and the water is rising. that is cold hard facts. verified by expeditions to the areas and also new nasa satellite technologies. nasa watched 1250 square miles of antartica dissapear into the ocean in 3 weeks. that area happened to hold the land ice from falling into the ocean.
    why not watch the science channel for a couple weeks instead of are you smarter than a 5th grader. you'll see what's really happening. you won't see it on the nightly news until it's a disaster.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Congresswoman Sanchez just told Bernake in this Fed Meeting "I think the decline of the dollar is just starting".

    These are not crazy people saying this.
    These are "credible" people.

    :rolleyes:
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • onelongsong
    onelongsong Posts: 3,517
    DriftingByTheStorm wrote:
    Congresswoman Sanchez just told Bernake in this Fed Meeting "I think the decline of the dollar is just starting".

    These are not crazy people saying this.
    These are "credible" people.

    :rolleyes:

    it's coming; just like i said.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    CNBC @ 12:25pm -- A Commentator from the NYSE floor is put on in response to this Fed Q&A Session ... he leads with "Ron Paul was firing every pistol in his arsenal at Bernake, and a LOT of people down here on the floor were cheering!"

    THIS IS REALLY SERIOUS.

    Investors on the EXCHANGE FLOOR are cheering for the guy who is foreseeing doom & gloom.

    What does THAT say !?!
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • soulsinging
    soulsinging Posts: 13,202
    onelongsong wrote:
    let's not forget that if you have a mortgage then; the bank won't be able to collect. any investment is a crap shoot. i don't care what the investment is. but see my post to cosmo above. drifting is putting the events of the world together and looking back to what happened last time. that is a successful investor. when NYC begins to flood; what do you think the market will do? the ice is melting and the water is rising. that is cold hard facts. verified by expeditions to the areas and also new nasa satellite technologies. nasa watched 1250 square miles of antartica dissapear into the ocean in 3 weeks. that area happened to hold the land ice from falling into the ocean.
    why not watch the science channel for a couple weeks instead of are you smarter than a 5th grader. you'll see what's really happening. you won't see it on the nightly news until it's a disaster.

    i don't watch tv. and i've got no money to worry about investing or losing. like i said, none of this affects me. all it means is there's going to be a lot of opportunity for me to litigate bankruptcy claims. bring on the boom!
  • soulsinging
    soulsinging Posts: 13,202
    DriftingByTheStorm wrote:
    CNBC @ 12:25pm -- A Commentator from the NYSE floor is put on in response to this Fed Q&A Session ... he leads with "Ron Paul was firing every pistol in his arsenal at Bernake, and a LOT of people down here on the floor were cheering!"

    THIS IS REALLY SERIOUS.

    Investors on the EXCHANGE FLOOR are cheering for the guy who is foreseeing doom & gloom.

    What does THAT say !?!

    have you cashed in to buy gold yet?

    you might want to change your shorts too. it can't be comfortable sitting there pissing yourself all day.

    so how long do i have? 24 hours? when does the world collapse and the sun go dark? should i be at walmart stocking up on ammo to handle the anarchy and rioting and looting and pillaging that is imminent? should i go stock up on smokes right now before 7-11 stops selling them? please give me some answers quick so i know what to do when i get back from confession. i want to be ready when the anti-christ arrives and jesus starts collecting his followers. this is the end times people! flee! flee for your lives!
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    DriftingByTheStorm wrote:
    CNBC @ 12:25pm -- A Commentator from the NYSE floor is put on in response to this Fed Q&A Session ... he leads with "Ron Paul was firing every pistol in his arsenal at Bernake, and a LOT of people down here on the floor were cheering!"

    THIS IS REALLY SERIOUS.

    Investors on the EXCHANGE FLOOR are cheering for the guy who is foreseeing doom & gloom.

    What does THAT say !?!
    Same guy from the NYSE floor says "i've been down here asking guys what they think about the possibility of a rate cut in the spring, and they've all been saying they think that inflationary pressure on the dollar by December will be so bad that they don't think the Fed will be able to ease."

    Translation: Just what i've been saying here.
    The dollar will continue to sink in value. The weakness of the dollar is amplified by cutting rates (which just means banks can borrow more & cheaper money from The Fed which means more inflation) and therefore the Fed WILL NOT BE ABLE TO CUT RATES for fear of causing the dollar to spiral down.

    This is SO SO SO not good.

    People come on.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • soulsinging
    soulsinging Posts: 13,202
    DriftingByTheStorm wrote:
    Same guy from the NYSE floor says "i've been down here asking guys what they think about the possibility of a rate cut in the spring, and they've all been saying they think that inflationary pressure on the dollar by December will be so bad that they don't think the Fed will be able to ease."

    Translation: Just what i've been saying here.
    The dollar will continue to sink in value. The weakness of the dollar is amplified by cutting rates (which just means banks can borrow more & cheaper money from The Fed which means more inflation) and therefore the Fed WILL NOT BE ABLE TO CUT RATES for fear of causing the dollar to spiral down.

    This is SO SO SO not good.

    People come on.

    have you cashed out and bought gold yet?
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    soulsinging wrote:
    have you cashed out and bought gold yet?

    did you read this:
    DriftingByTheStorm wrote:
    BTW, if i sell all my stock, i have to pay off all my margin loans, and pay a WHOLE LOT of capital gains,

    i would be left with about a measley $2,500...

    it just doesn't work financialy for me.

    I'm kind of screwed if i do, screwed if i dont.

    I don't think that makes me a hypocrite.
    It just makes me nearly broke either way you cut it.


    It doesn't make sense for me.
    My only hope is to find myself a house or two to invest in and leverage my stocks MORE, and pray that the poor sap renting my house can still somehow afford to rent it.

    Otherwise i'm screwed.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • soulsinging
    soulsinging Posts: 13,202
    DriftingByTheStorm wrote:
    did you read this:

    It doesn't make sense for me.
    My only hope is to find myself a house or two to invest in and leverage my socks MORE, and pray that the poor sap renting my house can still somehow afford to rent it.

    Otherwise i'm screwed.

    excuses excuses. good luck weathering the apocalypse. it was nice knowing you. i'm going to go put on my loincloth and paint my face. i'm ready to go tribal. join me!
  • soulsinging
    soulsinging Posts: 13,202
    can i just say this is my all-time favorite thread. this is so much fun. it reminds me of this:

    http://www.youtube.com/watch?v=lhYxLd8O9lA

    the dollar is sinking! we're DOOMED! buy gold! follow me to freedom!
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    Was there a world war looming in the Black Monday equation? I think it plays in ....people are getting wise to the clamp down on civil liberties and the take over because of terror charade.

    If your dollar is the famous rockstar currency, and your music gets stale. You wash up and play booze halls for taxi fare.

    Popular paper is only that...popular until it loses fame.
    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)
    (")_(")
  • soulsinging
    soulsinging Posts: 13,202
    RolandTD20Kdrummer wrote:
    Was there a world war looming in the Black Monday equation? I think it plays in ....people are getting wise to the clamp down on civil liberties and take over because of terror charade.

    If your dollar is the famous rockstar currency, and your music gets stale. You wash up and play booze halls for taxi fare.

    Popular paper is only that...popular until it loses fame.

    are you stoned, right now?
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    soulsinging wrote:
    are you stoned, right now?


    No sir...

    Are you?
    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)
    (")_(")
  • soulsinging
    soulsinging Posts: 13,202
    RolandTD20Kdrummer wrote:
    No sir...

    Are you?

    i wish. maybe i just need to have another coffee before i try to follow your analogy.
  • 810wmb
    810wmb Posts: 849
    soulsinging wrote:
    i wish. maybe i just need to have another coffee before i try to follow your analogy.


    nooooooo, you have to drink some commiekazes to follow old roland
    i'm the meat, yer not...signed Capt Asshat
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    soulsinging wrote:
    i wish. maybe i just need to have another coffee before i try to follow your analogy.

    I'm following the analogy of that famous artist (can;t remember the name right now) who would wine and dine all his friends at any restaurant and run up a monster tab. When it came time to pay, he would ask the waitress if he could write them a cheque (she would say of course with stars in her eyes) . He would fill out the cheque, tack on an awesome tip, then turn the cheque over and draw a neat little artistic picture with a witty statement and then autograph it.

    When the owner(s) saw the cheque(s) he/they exclaimed. "I'll never cash this cheque! It's a personalized self autographed "so and so" it's worth so much more than the cost of the food" therefore this artist could get along and ride for free on his popularity alone. Kinda like how hollywood celebs get endless freebie incentives to just show up at owners clubs, so the owners can brag and gain popularity.

    Once that popularity is gone. Opinions sour, all those "cheques" get cashed, and you're bankrupt.

    I hope this is not the case. I like America very much, and would live there over the middle east any day. I just hate it's politicians as of late. I believe they do the country an injustice.
    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)
    (")_(")
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    810wmb wrote:
    nooooooo, you have to drink some commiekazes to follow old roland

    you're talking fart young man.
    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)
    (")_(")
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    "It’s no secret that the dollar is on a downward spiral. Its value is dropping, and the Fed isn’t doing a whole lot to change that. As a result, a number of countries are considering a shift away from the dollar to preserve their assets. These are seven of the countries currently considering a move from the dollar, and how they’ll have an effect on its value and the US economy."

    http://www.currencytrading.net/2007/7-countries-considering-abandoning-the-us-dollar-and-what-it-means/
    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)
    (")_(")

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