What will happen to PM prices when the stimulus

timcoin

What do you think will happen to PM prices when the stimulus bill (aka Pork Bill) is signed into law?

RedTiger

Not much. The bill is widely known and passage has been widely discounted. All that information is out there, though there was a small chance that the bill would go down. So about 80% of any move based on the fundamentals is probably already in current prices.

GTOster

Not A Damm thing
What they should do is give the money to The people
Not The CEO's
Let the people buy what they need to live or pay off
But don't give it to a company they have already proved that they don't know how to spend it with the first
hand-out they got
Highest Unemployment in 28 years
LET THE PEOPLE HAVE IT after all it is our money RIGHT
IMHO
Paul

timcoin

<< <i>Not A Damm thing
What they should do is give the money to The people
Not The CEO's
Let the people buy what they need to live or pay off
But don't give it to a company they have already proved that they don't know how to spend it with the first
hand-out they got
Highest Unemployment in 28 years
LET THE PEOPLE HAVE IT after all it is our money RIGHT
IMHO
Paul >>



Or, better yet, give everyone who actually paid taxes a 20% additional return. Not payroll taxes, but actual income taxes paid. That would solve the problem in a matter of months, plus some people may use that money to do something useful, like start a business.

TrustNo1

socialism should die a fast death, but a tax cut will be ok with me...werent we promised a tax cut? then you can buy some extra silver or gold with that money...

buffalonut

<< <i>What do you think will happen to PM prices when the stimulus bill (aka Pork Bill) is signed into law? >>



In two years you will be very happy you bought some now. Purposely inflating is much easier than trying to deflate. PMs will scream before they can mop up all the money they are going to have to print.

derryb

The million dollar question:

"What will happen to PM prices when it is realized what the stimulus bill is actually going to do TO the economy?"

ksammut

<< <i>

<< <i>What do you think will happen to PM prices when the stimulus bill (aka Pork Bill) is signed into law? >>



In two years you will be very happy you bought some now. Purposely inflating is much easier than trying to deflate. PMs will scream before they can mop up all the money they are going to have to print. >>



I agree with you. Everyone should accumulate silver and gold over the next year.

TrustNo1

10 trillion to be spent..starting to wonder how bad it may get now..its out of control,,,,

Gemineye

PM are useless to the average person.He/she could care less about them.Have you checked the price of groceries lately.That's where extra monies would be spent ...into the household.

garsmith

Get rid of the income tax and put a straight sales tax on commodities; lets get some of the drug dealers, pimps and hoes paying their fair share for once.

TwoSides2aCoin

<< <i>Get rid of the income tax and put a straight sales tax on commodities; lets get some of the drug dealers, pimps and hoes paying their fair share for once. >>




No need to get rid of taxes. We have abortion. We just get rid of the tax base and voila. AID will do the rest of the dirty work.

TwoSides2aCoin

Sorry, Garsmith took me off target.

Precious Metals will go up. Stimulation is a RISE, right ?

57loaded

<< <i>Get rid of the income tax and put a straight sales tax on commodities; lets get some of the drug dealers, pimps and hoes paying their fair share for once. >>



i for one think that a flat tax rate is better than a fair tax rate.

a fair tax makes assumptions in spending, a flat tax in productivity

there's a lot to be done on both sides of this issue that goes beyond what can be discussed here.

PM's for now will trend up

so will the bartering for services and goods..more underground economy, much like you mentioned but more mainstream.

Bobk

I just herd the Pork aaaah I mean stimulus bill just passed. Stay tuned.

roadrunner

PM are useless to the average person.He/she could care less about them.Have you checked the price of groceries lately.That's where extra monies would be spent ...into the household.

Since everyone "agrees" that we are in a deflationary cycle right now, the price of groceries, basic services, car insurance, health care, gas and most everything we spend our paycheck on each week should be going down, not staying the same or going up. That's what true deflation brings.

roadrunner

timcoin

<< <i>

<< <i>Get rid of the income tax and put a straight sales tax on commodities; lets get some of the drug dealers, pimps and hoes paying their fair share for once. >>



i for one think that a flat tax rate is better than a fair tax rate.

a fair tax makes assumptions in spending, a flat tax in productivity

there's a lot to be done on both sides of this issue that goes beyond what can be discussed here.

PM's for now will trend up

so will the bartering for services and goods..more underground economy, much like you mentioned but more mainstream. >>



We agree that the tax code needs to be changed. We lose billions of dollars a year in productivity just because people have to spend time getting their taxes ready when the could have been working. I'm a Huckabee Fair Tax man myself. It just seems counterproductive to constantly be punishing those that make smart decisions, make sacrifices, take risks, and work hard throughout their life to create a better life for themselves and their family. Why not just tax consumption, and if people want to spend money on all the luxuries this Country has to offer, make them give a little back for that luxury. Companies would start coming back to the States, money stored off-shore would return, and money could no loger be hidden from the IRS. It really is what the name implies. A fair tax. The more you "spoil" yourself, the more you have to pay.

roadrunner

Well it seems the stimulus bill (or at least TG talking about it) had a very negative effect on the stock market, and pushed gold and silver right back up to their previous resistance lines....just the opposite of what most everyone expected. Not a good day for the PPT to let stocks slide this much.

roadrunner

BBN

<< <i>

We agree that the tax code needs to be changed. We lose billions of dollars a year in productivity just because people have to spend time getting their taxes ready when the could have been working. I'm a Huckabee Fair Tax man myself. It just seems counterproductive to constantly be punishing those that make smart decisions, make sacrifices, take risks, and work hard throughout their life to create a better life for themselves and their family. Why not just tax consumption, and if people want to spend money on all the luxuries this Country has to offer, make them give a little back for that luxury. Companies would start coming back to the States, money stored off-shore would return, and money could no loger be hidden from the IRS. It really is what the name implies. A fair tax. The more you "spoil" yourself, the more you have to pay. >>



Agree. If you're going to penalize then penalize consumption and excess. Don't tax people who are successful yet live frugally and make smart decisions. Like someone else said the fair tax would tax everyone who makes a purchase.

BBN

<< <i>PM are useless to the average person.He/she could care less about them.Have you checked the price of groceries lately.That's where extra monies would be spent ...into the household. >>



Those who bought are going to look smart in a year or two and everyone else could be left like sitting ducks. The thing is the number of people stocking up on metals will be in the small minority