Chavez wants his gold. The price needs to be driven down before buying up physical, to avoid sending price over $2000.  |
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My mistake. BTW what is the price of SPAM doing? Maybe it DID outperform gold.  I can't find any charts. *EDIT Yeah, it did. Balchem Corp stock price:  |
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Gold could "correct" in the short term....
I hope so! I've been waiting for a downturn so I can buy. |
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Investors should thus be wary of getting the gold bug and being stuck with this barbarous relic.
As an insurance policy against the tail risk of eventual inflation, it may be useful to hold a small amount of gold in one’s portfolio, but stocking up portfolios with a fiat currency that has marginal practical use, a zero nominal interest rate, high storage costs, and the price of which is subject to volatile whims and bubbles is totally irrational. If you want to hedge against inflation, stock up on Spam or other canned food or buy futures on commodities that have more physical uses and consumer demand.
Yup, its totally irrational that gold investors have grown their initial investment by 190% since 2009. Total crazy, they should have invested in tons of spam instead. |
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Peter Schiff was right in the end. Just took longer than he predicted.
He's going to be right again, regardless of what happens in the next 3-6 months.
Silver $100+, gold $3000+ within 2 years.
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Was the US running out of gold because of overspending or mismanagement?
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reliance on past indicators is dangerous. as you know, every cycle is different so pointing to the gold/silver ratio as some sort of predictor isn't rational.
.......
Peter Schiff was badly wrong in 2008 esp in regards to pm miners and emerging mkts. we've entered phase 2 of the deflationary decline. this could wipe him out.
Contradiction? Implode-o-Meter blog explains why they believe the PM's market won't repeat the 2008 scenario: http://blog.ml-implode.com/2011/08/watch-goldsilveroil-price-ratios/ |
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I've been through such discussions a hundred times.
Feeding the same troll hundreds of times is usually not a sign of bright intelligence So stop feeding me.  |
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<luke-jr> Graet: Catholics do not believe in freedom of religion.
wow Every religion demands absolute belief that their dogma is the correct one, and punishes doubt. Allowing doubt opens the gateway to thoughtful analysis and logic. Analysis such as "if I was born in a different country with different parents and a different color skin, would I believe just as deeply in the religion I was taught there since my birth?" First, I'm a Christian, NOT Catholic. Luke is wrong. Jesus never said anything about forcing the issue. Not in the old testmament: Joshua 24:15 - And if it seem evil unto you to serve the LORD, choose you this day whom ye will serve; Or the New Testament: John 15:16 - You did not choose me, but I chose you and appointed you.... That latter verse is the answer to your thought about being born outside of Christian society. I invite you to try to prove with logic that there is no God. PM me, we can start a debate. I've been through such discussions a hundred times. Its always the same, they leave their logical fails like hanging fastballs over the plate, they get lit up. Then they get mad, pretend they won, and leave with the ball. |
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Yeah, but there's no evidence that any religious process ever actually really achieved anything ever, other then the 2nd hand accounts of people who didn't achieve Nirvana.
Isn't that the whole point of religion? That there is a reality outside of physical human consciousness (beyond death)? Anyway, your argument is invalidated by the opposing viewpoint (no evidence that religion HASN'T achieved anything). Of course there isn't any evidence, because that evidence would need to be located in our 4 physical dimensions. |
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It will happen on the same day that a large NYC garbage dump turns into a Terminator factory.
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Not Happening, If the US falls or stops buying Chinese shit, they fall too.
The Chinese can see the writing on the wall. They know that the US will default sooner, or later. The one advantage China still has is influence on when that happens. This is clearly evident in statements the Chinese have made recently concerning ballooning US debt, and more importantly the USD status as world reserve currency. |
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it is really getting to me all these kids that are so hurt over the new gambling currencies.
they are like damn babies about it.
They are babies. Lots of kids in this forum who just got weaned. |
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Let me clarify that statement by saying I am not against libertarians at all, but I think Bitcoin could be useful to the world in more ways than just the absolute extreme "change the entire world" way, and be accepted in the world much quicker if it weren't always promoted by people claiming it is supposed to 'destroy banks', etc. As far as I'm concerned, I hope banks use Bitcoins themselves.
Bit of a straw man there, Mathew. Libertarians are not out to destroy banks. You know better than that. |
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Whats the current block count?
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Very unlikely scenario.
There are far more lucrative targets than bitcoins. Bank robbery, art theft, kidnapping & ransom just to name a couple of examples. Also, the initial cost of buying bitcoins will deter most people desperate enough to do something this crazy.
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How do I get an invite for this site?
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I will trade 2300 IoCoins for $50 in PKR (the poker site) funds.
Will consider fair offers for bitcoins as well.
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