Precious metals

Up to 1973 we had a gold backed dollar so the price of gold was fixed at $35.
After we went off the gold standard gold went to the current price of 1200...
So the next time the dollar devalues gold could go how high??? 1200 X 34 = _____________ Goldman and Bloomberg predict a higher price....
and a gallon of gas went from .25 to 3.00 so next time 3 X 12 = ____________
Gold went up 34 times but gas went up only 12 times so you increased your purchasing power.......
Again PMs are just part of the plan..........

I believe stocks are over priced and PMs are under priced.......

 

Your plan isn't even realistic. You can't even afford gold which tells me you have the net worth of a high school sophomore. If you really are drinking your own koolaid you'd have 50-80% of your net with in your ridiculous now terminator coins. Because when the dollar collapses like you predict your petty little collection won't even cover a new set of tires. So your theory is asinine. The dollar disappears and gets replaced with a new currency you can't even take part in because your collection is utterly useless.

 

Ever hear of wage inflation? Duh. How's that for purchasing power?

The minimum wage in 1973 was $1.60 an hour.

 

The nonsense I hear in this thread blows me away. Jumping form one thing to another and showing an utter lack of knowledge for any of it. The higher price we pay for gas is not solely due to inflation, the actual perceived vale of gas went up as well. All this talk about how gold backed currencies never fail is tripe as well. All currencies fail when a government/nation/empire stretches them too thin. There are well read, respected economists and historians that look at the Great Depression and blame the gold standard for its duration and severity.

Silver hasn't been worth anything as currency while any of us have been alive. In fact, you have to go back to the early 18th century to get its value down to a 15&1/2:1 ratio with Gold!

The most appalling misinformation we've seen in the last couple of pages is comparison between the US dollar and what is happening in Greece and Cyprus. I won't go into the details of that situation because I am sure anyone that has already convinced themselves that they know everything will ignore it, but I will suffice to say that it would not be possible for the IMF and large banks of the world to hide and embezzle debt with the US dollar on the same scale that they have done with Greece.

Another gem I read here recently was something along the lines of $85billion printed a a year and inflation is sky rocketing. But not only that, I heard it coupled with the terrifying reality of there being no interest paid out. Jesus tap dancing Christ, it's one or the other! There is currently no interest paid out because there is currently no inflation. Go ahead, compare the value of the 2014 dollar to the value of the 2015 dollar, there was hardly any change. It may pain you to learn this, but in 2016 the dollar has seen even less inflation than the previous years, by all estimates! You just can't have it both ways.

 

and now they want $15 dollar because the dollar buys less........ econ 101 here boys..... it's not that hard.......

and gas was .25 and now it's $3.00 an oz of silver was $1 gold $35 inflation the dollar keeps going down not up.......

so the price of gas has gone up faster than wages, that is what I'm saying, inflation is a killer..........

 

Actually, it is wage stagnation that is the problem, too much of the total pie is going to the top!

 

What are you saying? Is it that the price of gas is going up or is it that inflation is killing us?...

 

Gas is still gas, the price is the same, the dollar is worth less so it take more dollars to buy the same gas, that's inflation, don't forget about increased taxes....

So min wage was 1.6 and gas was .38 so for 1 hr of work you could buy 4.2 gals of gas...
now min wage is 7.25 and gas is $3 so for 1 hr of work you can buy 2.4 gals of gas, that's without the increased taxes..........

And now they are non stop printing more and more money that's why other countries want an alternative..........

 

Unleaded regular gas prices after adjusting for inflation:



check out the sources: http://www.eia.gov/forecasts/steo/realprices/

 

UH OH!!!! FACTS!!!!!

 

Gold eased on Friday as a recovering dollar pulled prices from 3-1/2 month highs, but doubts over whether the Federal Reserve will press ahead with a U.S. rate rise this year kept the metal on track for a second weekly rise.

Prices continued a retreat that began on Thursday after upbeat U.S. inflation data calmed some concerns about the strength of the U.S. economy and boosted the dollar. The U.S. currency extended gains on Friday after industrial output data.

Spot gold was down 0.2 percent at $1,180.45 an ounce, while U.S. gold futures for December delivery settled down $4.40 an ounce at $1,183.10. Spot gold is on track to rise 2 percent this week after peaking at $1,190 an ounce, its strongest since late June.

Gold is currently holding near its 200-day moving average, a level it broke this week for the first time since May. However, it has struggled to maintain the week's early gains, as some are still betting on a rate hike later this year.

"There is still high uncertainty in the market about when the Fed will raise rates," Commerzbank analyst Daniel Briesemann said. "Until we have seen the first interest rate hike, or at least the announcement of it, gold should still be under pressure."

Gold also lost some support from physical markets, where consumer buying interest dropped due to the recent price rally. Prices on the Shanghai Gold Exchange were at a discount on Friday against a premium of $2-$3 earlier in the week.

Prices have risen more than 5 percent since a weak jobs report on Oct. 2 pushed out expectations for a Fed rate rise. The metal benefits from ultra-low rates, which cut the opportunity cost of holding non-yielding assets.

 

That's what I'm saying gas price doesn't change the value of the dollar gets less so it takes more dollars to buy a gallon of gas....
At min wage, the dollar has fallen faster than the min wage has gone up....
So you have to continue to increase your income every year just to make up for inflation.......

Your investments have to cover both taxes and inflation.......

 

Still not sure if this is a real rally or just another head fake....

 

So end the world on hold huh? I mean according to you and your youtube buddies we are in the midst of a crash!

 

This is 100% right, but it doesn't make me wrong.... Silver has not kept up with inflation either. But things change. Fact is, the dollar as we know it is going away, so if it does, what does that mean, and how can I protect myself from it??? I think apple is up 800% doesn't mean you should buy in now.... Things change.... PMs investing is ahead of the curve...

This why it is so hard for people to understand what's happening... I was you guys 5 years ago just trying to plan for retirement..... I get it now....
5 years ago my investment news letter said the fed will never raise rates, they will never balance the budget, the dollar will end and you should own some physical PMs...
But I looked at it with an opened mind.....

We are Greece and Cyprus and Puerto Rico... It is appalling, but it's not my fault, I didn't do it, I'm just the messenger....

It's 85 billion per month, than 1% of the money supply every month.... Lucky it's being put in the equity markets so it hasn't affected inflation yet...

 

I was talking about PMs..... This may not be the rally yet, but it looks good so far.....

I know the dow is in a head fake...

Unless we get back over 18K I'm bearish on the dow....

Fed is not going to raise rates for sure..... may go negative.... Just wait for the going negative hits.........

 

Pray tell how are we even remotely being compared to Greece?

And you're kidding right? Please elaborate on the US gov't printing money to the tune of 85 billion a month and secretly adding it to the stock market.

 

All your youtube videos are predicting a crashing market and in fact even say that we are confirmed to be in a down trend.

 

because we are on the brink of bankruptcy.... We can't pay our bills and now other countries are going to stop paying our bills for us....
The difference is we did it to our self like Greece, Cyprus was fucked buy the IMF.....
Who in the gov is trying to reduce spending? No one...
The stupid dems are talking about giving away more free money, but we don't have any more......

QEforever That's what all those vids are talking about, all of the shady things the fed and wall street is up to with the over 350 trillion in derivatives Quantitative Easing

 

Hmmmmmmmm "significant losses" "market about to plunge"