Gold & silver are on fire ! ! !
JDelage
Posts: 724 ✭✭
They seem to have gone straight through the resistance points, $600 for gold and (gasp!) $13 for silver.
"The greatest productive force is human selfishness."
Robert A. Heinlein
Robert A. Heinlein
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Silver will have to go through $13 several times before it sticks. Gold has been poised at the $600 level for some time and seems to have made the solid push, it may fall a bit, but $600 is no longer any type of pyschological barrier.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
The dollar is crashing thanks to our Washington idiots who thought they could just keep printing without consequences.
Robert A. Heinlein
Maybe Harry Browne was off by only a few decades after all.
My website
sigh.
oh well, now i will just save my pocket money for a better
coin where the gold price is not such a big factor overall.
<< <i>this is the bush economy folks...the country is 8 trillion dollars in debt...what a shame...and, imo, the worst is yet to come... >>
Yeah, and the pork barrel Dems have nothing to do with it. Sure, Bush has not had the balls to veto all this Pork, but there is plenty of blame to go around.
And don't go blaming the tax "cut" -- there was not tax cut for the millions of us who had to pay AMT. I'm not whining -- I thought the tax cut was a bad idea, but the dirty little "AMT" secret is that it was not much of a tax cut at all. But, of course, all this AMT revenue is being squandered and then some. In addition, the Feds are raking in tons of corporate taxes, which of course are being sqandered as well.
<< <i>this is the bush economy folks...the country is 8 trillion dollars in debt...what a shame...and, imo, the worst is yet to come... >>
The national debt has nothing to do with any particular administration; it has been growing by the minute for decades.
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Now wasn't that an interesting little surprise the first time it grabbed you by the throat!
Yet, the media doesn't seem to know it exists and the sheep have never heard of it and have no clue.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Liberty: Parent of Science & Industry
<< <i>means you're making money! >>
Or at least accumulating certificates of legal tender with which to calculate how many of them you must give back while the rest lose comparative value.
<< <i>
<< <i>this is the bush economy folks...the country is 8 trillion dollars in debt...what a shame...and, imo, the worst is yet to come... >>
Yeah, and the pork barrel Dems have nothing to do with it. Sure, Bush has not had the balls to veto all this Pork, but there is plenty of blame to go around.
<< <i>
The whole "tax and spend" Democrat myth has been dead for over a decade now. Just look at what Reagan did to the deficit-- the was scary too.
Raising taxes is not the answer, cutting the spending is the answer.....
Give me a marker and the budget I'll get it balanced really fast.....
the good news for the middle class is that the breaking point is near...let the jubilee commence
We need this to happen before the social system also hits of us over the head otherwise the US economy will be destroyed basically.....
We will become like France
<< <i>yah, if yer payin the AMT, thats a nice problem to have: means you're making money! >>
Yes, that's right -- not looking for sympathy -- just realize that this "tax cut for the rich" was close to zero for those making $100k to $300k with itemized deductions. So the revenue is there -- the spending control is NOT!!
Yes, that's right -- not looking for sympathy -- just realize that this "tax cut for the rich" was close to zero for those making $100k to $300k with itemized deductions. So the revenue is there -- the spending control is NOT!!
<<
that's because if you make 100k to 300k, YOU ARE NOT RICH...you are a RICH WANNABE...just like the religious nutz are not republicans but REPUBLICAN WANNABES...
keep watching faux news
I'm not making enough money I guess.
this is not a BAD thing for those who have the metals,......
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
Wow, never been there.
What happened today.
<< <i>Folks the price of gold and silver and the value of the dollar are moving in tandem with the rest of the world's, and the market's, expectation that the U.S. will strike Iran and it seems more and more inevitable as time goes on. That is the overriding market factor at the present time, and the reason gas is once again heading for $3 a gallon at the pump. >>
This is true if you're talking about a short term perspective but metals have been
moving up due to a psychology change for some time now. Not only have govern-
ments been continuing to inflate gradually for years as metals prices have eased,
but demand has been steadily stepping upward. Huge amounts of metal are flow-
ing to China and developing economies and costs to produce more have been es-
calating because of energy and other costs.
Copper and zinc have been extremely strong and lead has been moving recently.
Steel went to unprecedented levels more than two years ago which began this
round of increases. Now nickel and aluminum are firming.
While some may see this as the result of currency revaluations, this isn't really the
case. The dollar is easing because of excessive amounts of dollars abroad and this
will probably continue for some time but is not the cause of these changes. If it were
then there would be increases in prices for almost everything but this is not the case.
So far most of the increases have been in commodities which are bumping up against
supply constraints or require large amounts of capital or energy to produce. As time
goes on this will extend to energy intensive areas which are not so apparent like many
grains, food, and more esoteric commodities like cement, metalugical coke, and chem-
icals.
Chinese wealth will explode as capital projects come on-line and efficiency increases.
Their economy will become more flexible as more of the population moves into modern
methods. This wealth will not be contained to the areas generating it and some will
serve to stabilize economies worldwide.
There are certainly challenges facing developed economies but with great challenges
always come great opportunity.
CONECA #N-3446
<< <i>Thanks to Bush, he keeps printing that money with no backing and no plan to pay it back!! I feel for my children this will be there debt??
What a simplistic approach. I'm sure you "feel our pain" too.
Do a little research, you sound like a child among adults here.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>yah, if yer payin the AMT, thats a nice problem to have: means you're making money! >>
Not exactly. It does mean that if you are working your butt off and you've reached your peak earning years and you invest in the economy to grow a business, then the Feds have figured out a way to keep you from taking legal deductions and you end up paying way more than your "fair share", as if the tax system was actually based on one's fair share to begin with.
I hear way too much class envy around here. Very disappointing.
The Dems and the media have done a good job of brainwashing. Just wait till you get there and see how fair you think it is.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>
<< <i>yah, if yer payin the AMT, thats a nice problem to have: means you're making money! >>
Not exactly. It does mean that if you are working your butt off and you've reached your peak earning years and you invest in the economy to grow a business, then the Feds have figured out a way to keep you from taking legal deductions and you end up paying way more than your "fair share", as if the tax system was actually based on one's fair share to begin with.
I hear way too much class envy around here. Very disappointing.
The Dems and the media have done a good job of brainwashing. Just wait till you get there and see how fair you think it is. >>
As for Gold and Silver, it spiked today because China, that Communist Country that Holds Most of our Debt (basically owning us) , said they are going to buy LESS U.S. debt. They've already stated they want to move into the metals, i.e. Gold and Silver.
Now, put the growth of the world in those two countries and it's only natural that their respective thousand year old civilizations will continue to trust gold over anything else. And.....have the means to buy it.
It's just that simple.
Too bad for the banksters. They have all gotten used to gullible populations who found "promises" to be enough inducement. That era is coming to an end.
aren't they?
Liberty: Parent of Science & Industry
If you are even holding even. The AMT is a tax added to the falling
value of your money. It is in effect a double tax. When the population
begins to fully realize that Government statistics are rigged to understate inflation
and unemployment and underemployment, then we shall see intereast rates on short
and long term, head for the moon. Pull up your socks folks, the flood be coming real soon
down the valley. If you have high credit card debt and long term variable mortgages, better
head for them there hills.Take the kids, the spouse the cat, dog and oh yes, bring your shooting irons.
Camelot
I didn't get a tax cut,
If you pay incomes taxes, you did and do have one. The Dems love to pretend you didn't, but it is a mathematical fact that you did because of the creation of the 10% tax bracket at the lowest end of income.
It was the Dems and all their "fiscal responsibility" who demanded that people who do NOT pay taxes, also get tax cuts. With logic like that, it is no wonder they aren't in charge.... (and won't be).
<< <i>Coins have not gone up in price as much as bullion. Am I wrong? >>
Well my silver bullion has gone up from under 7 buck to 13.50 in 8 months. Almost 100%increase. I'm sure a few coins have too, if you picked the right ones, but most??????
untrue in what i watch, which is half eagles, mostly slabbed.
the days of scoring a half eagle, in any grade, for under 150
shipped are done.
if you do get one on fleabay, it is probably due to a new seller
or some other type of risk involved.
i am continually being shocked by the upward prices in the last
year.
but then gold has gone up a lot.. which is the main shock..
because i wanted to buy more
Part of the reason is that people are starting to put a value on "liquidity" in uncertain times.
<< <i>I didn't get a tax cut,
If you pay incomes taxes, you did and do have one. The Dems love to pretend you didn't, but it is a mathematical fact that you did because of the creation of the 10% tax bracket at the lowest end of income.
It was the Dems and all their "fiscal responsibility" who demanded that people who do NOT pay taxes, also get tax cuts. With logic like that, it is no wonder they aren't in charge.... (and won't be). >>
Typical Republican, acting like things are grander than they are. Yes I took part with the new 10% bracket.
There was a SECOND tax cut, in 2003. I attached a link that has a calculator to determine the amount of your tax cut.
Tax Cut
OK your right, a person making $50,000 got a $326 tax break. Divided by 24 is $13.50 a pay check, WOW !!! That's like 4 gallons of gas !!
Personnally they can keep the $13.50 and get rid of the debt, for which we send nearly the first 10% of our tax dollars oversees to pay interest on.
Ofcourse, the Republicans have proven they are the most inept bunch of idiots in the world. I mean they are such total jokes, it's unbelievable. You name it, they screwed it up. All they had to do was get Bin Laden, to be hero's for the next 20 years, and they go for Sadam, I mean, geez, what morons.
It's just to funny, Duh !!
That's OK, the Dems will be back, to put the Good O' USA back on track. Just hold on for a few more month's, then we can impeach this Bas***d. O' Happy Days. I can't wait.
I wouldnt expect it to last too long. The general public is in on it now and rushing out to buy.
So, I don't mind
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment