Silver & GOLD:Rare Coins vs. Bullion - The Patriot Act and Investing In Gold- Do You?

jlew24asu wrote:

do you really see this happening? you need to relax and get a better grip on reality. I can understand you concern for the stock market not going straight up anymore but damn.

how did you react during the tech bubble burst in 2000? or even better, the millennium scare?? all banks and lights going off or some shit. you must have been in a straight jacket. o the hysteria.

I didn't own tech stocks in 2000, i'm mostly in financials and foreign markets. I wasn't really bothered because i understood it was a "correction", not a meltdown or fundamental disorder of the market.

The Y2K bug was a joke, and as a computer nerd, i somehow just knew that.

THIS is different, Lew.
Like i have said a few times here, no i don't see that happenening TODAY or TOMORROW.

But with a "scandal" as big as this SIV thing brewing ... on top of, related to, and compounding the "subprime meltdown" ... with the numbers i quoted straight from financial analysts themselves -- that you laughed at for some reason -- i see VERY real trouble on the horizon.

The SIV problem is HUGE. Every article i have seen on it says it is poised to dwarf the S&L problem and that was unthinkably huge!

THAT ALONE IS ENOUGH TO CAUSE SEVERE PROBLEMS.

If you don't see that coming, i think maybe YOU need to read up more on how FDIC, the Fed, and "the markets" work. If these billions or possibly trillion+ dollars in bad investments by the bank get called ... if the people who DEPOSITED that money at the banks come knocking ... if the bank can't pay up ... THAT IS A HUGE PROBLEM!

That is government bailout time, and that is financial crisis.
that is liquidiy hell!

AND THAT IS JUST ONE OF A BUNCH OF FACTORS I SEE HERE IN THE MIDTERM:

Oil and its running out.
War in Iraq that may or may not get better.
This whole Iran & now Russia thing.
The environment.

None of it says "roses and blowjobs" to me.

jlew24asu wrote:

still a solid 20 years before it becomes a noticable problem. but nevertheless is a valid concern. I think the car companies and innovation of a replacement is lacking BIG TIME.


Bush is leaving office in a year. I think there is a great chance that the next president will immediately set a time table for troops to withdrawal. after that, things may or not get better, but I hope it does.

not an issue IMO. just talk.

what about it? I think people, companies, countries as a whole are doing better to protect the environment. the whole go green thing is almost becoming a requirement.


as for your whole SIV scandal stuff, I really don't know much about it, to be honest. global debt is a problem, but you seem to doubt human determination. we are smart people, we will figure it out

Well i agree with you, and then i disagree with you.

Oil is going to be a "problem" in much less than 20 years.
We are already seeing prices rise, and i have yet to hear an "innocent" explanation for the price increase. Have you? Is there are refinery problem? Is iraqi instability causing it? Or is it increasing demand and decreasing supply?

I've seen government officials on video at "peak oil" conferences ... i mean arab officials openly say that they believe THEIR countries have hit or are currently hitting "peak oil" ...

that means world production is basicaly falling as we speak. but china is on the boom. that means demand is on the upswing.

So i see oil being a "problem" much sooner than 20 years out. I see it being an "all out crisis" in 20 years.

As far as the environment goes, well in 20 years if california or new york are underwater, that could have some impact, but more realisticaly, in the very short term, THE SOUTH IS OUT OF WATER. Georgia is sueing the US Government for draining its lake to send water down to Florida to save a clam and a sturgeon. Meanwhile Atlanta is predicted to be OUT OF WATER AT THE END OF THE MONTH.

This is the same for about 7 states in the south which are at STAGE 4 DROUGHT, including a good few states out west, is it not? That will cause HELL to break loose if it happens. And it looks like it IS going to happen.

The Iran \ Russia thing is just talk and it probably wont be war anytime soon but it bodes very poorly for the continuation of "peace" ... not that we have peace since we are at war ... or wait ... are we ? no we're not ... we're in battle, not war ... because we didn't declare war ... because that part of the constitution is "antiquated" ... ???

Anyhow ... i agree with you, the people will always trudge on ... but i thought this thread was about our BANK ACCOUNTS ...

yeah ... i'll still be alive tomorrow (god willing) but i'd prefer if my money was still there too and it is looking more and more like holding cash and securities is a LOOSING proposition. Gold on the other hand looks to be on the up up and away.

Or real estate. You could laugh. But everyone has to live somewhere. If you can buy a $50k house and rent it for $750 you are covering mortgage, expenses, and making a $100 or so a month ... that looks a lot better than nothing or losing money.

And YES, i see houses in my area going for 40-80K regularly. It's called the SOUTH.



PS - and for the love of god go read up on this SIV thing. It is scary as hell.
I can't believe you are in the game as deep as you are but not reading up on this.
This thing is going to be SCARY BIG!