Options
November 2nd and Precious Metals
KUCH
Posts: 1,186
At age of 57, I have seen many elections come and go. I have witnessed wars, recession and precious metal cycles. As I ponder and rethink those past elections, I can not think of a more important election in my lifetime, than this Tuesday. 2012 will be just as critical. I do understand, that the Great Depression and WW2 probably was even greater in terms of an election outcome, but I didn't experience it.
As a Precious Metals investor:
Do I wish our nation to suffer great economic struggles to help promote the price of these investments? NO
Will the progress of socialism and communism help to drive the price of these metals?
Is freedom and a capitalist economy better suited to protect and grow the precious metal industry?
I will ponder these questions throughly.
GO VOTE ON TUESDAY!!!!! IN GOD WE TRUST.
As a Precious Metals investor:
Do I wish our nation to suffer great economic struggles to help promote the price of these investments? NO
Will the progress of socialism and communism help to drive the price of these metals?
Is freedom and a capitalist economy better suited to protect and grow the precious metal industry?
I will ponder these questions throughly.
GO VOTE ON TUESDAY!!!!! IN GOD WE TRUST.
0
Comments
This one seems pretty trivial to me; looks like we're going back to gridlock.
<< <i>"...I can not think of a more important election in my lifetime, than this Tuesday."
This one seems pretty trivial to me; looks like we're going back to gridlock. >>
Sometimes GRIDLOCK is a good thing. Far better than another step closer to neo-communism.
<< <i>
<< <i>"...I can not think of a more important election in my lifetime, than this Tuesday."
This one seems pretty trivial to me; looks like we're going back to gridlock. >>
Sometimes GRIDLOCK is a good thing. Far better than another step closer to neo-communism. >>
Or the neo-fascism we had before the 2006 elections. Did you really like the government spying on you without warrants?
I think Bill Gross said it best. :
"This isn’t a choice between chocolate and vanilla folks, it’s all rocky road: a few marshmallows to get you excited before the election, but with a lot of nuts to ruin the aftermath. "
I think it's too late for any of them to take any action that will alter the ultimate outcome. This is going to end in tears as the fall of empires usually do.
<< <i>Gridlock will probably mean lower deficits and more fiscal restraint -- like we had during the 1990s when Clinton was battling the Republican Congress. As I've said earlier, I think that will be good for the economy and bad for PMs. >>
I think this time it will be different. Both sides are more ideologically polarized. I expect more rhetorical fireworks, and less accommodation and compromise.
My Adolph A. Weinman signature
Ah, the good ole days...............MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>"...I can not think of a more important election in my lifetime, than this Tuesday."
This one seems pretty trivial to me; looks like we're going back to gridlock. >>
I think stopping the insanity is a little more then trival...............MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>Gridlock will probably mean lower deficits and more fiscal restraint -- like we had during the 1990s when Clinton was battling the Republican Congress. As I've said earlier, I think that will be good for the economy and bad for PMs. >>
I think this time it will be different. Both sides are more ideologically polarized. I expect more rhetorical fireworks, and less accommodation and compromise. >>
Just remember, a party is not allowed to run the country unless they have 61 Senate seats. The Republicans said so, so it must be true!!!
<< <i>Do I wish our nation to suffer great economic struggles to help promote the price of these investments? >>
Regardless of who comes out on top on Tuesday, the economy is short-term shot. The Republicans can do not much to reverse the damage that has been done over the years in the short-term. What they can do is get us in a position to grow the economy down the road. I think that the PM predictions will be the same in six months, the duration may be affected by Tuesday's outcome, but in the short-term (5 or 6 years), the die is cast.
–John Adams, 1826
<< <i> think Tuesday and the results will really show in the markets including PMs, new confidence in America has to start somewhere, then hopefully small biz will grow into a big biz and put this disaster behind us. America is too great to falter at the hands of so few. >>
I always like optimistic posts. The equity markets have priced in a big Republican victory and QE2. The PM markets have priced in QE2 through the weakening dollar if nothing else.
Regardless of the outcome on Tuesday, it will take many years to put this disaster behind us. By the time that happens, 5-6 years from now, there we be others disasters to contend with.
There is no perfect economic system but capitalism is the best we've got. I believe John Maynard Keynes knew what he was talking about when he said, "The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again".
<< <i>
<< <i>Do I wish our nation to suffer great economic struggles to help promote the price of these investments? >>
Regardless of who comes out on top on Tuesday, the economy is short-term shot. The Republicans can do not much to reverse the damage that has been done over the years in the short-term. >>
I agree. The Democrats were unable to undo in two years the horrible damage done to the economy by George W. Bush in eight years. It will take the United States a long time to recover from the Bush Recession.
TD
<< <i>
<< <i>
<< <i>Do I wish our nation to suffer great economic struggles to help promote the price of these investments? >>
Regardless of who comes out on top on Tuesday, the economy is short-term shot. The Republicans can do not much to reverse the damage that has been done over the years in the short-term. >>
I agree. The Democrats were unable to undo in two years the horrible damage done to the economy by George W. Bush in eight years. It will take the United States a long time to recover from the Bush Recession.
TD >>
The Dems controlled congress for the last two years of the Bush administration and congress controls the spending so lets give the Dems some of the credit for our economic problems. Also, I haven't seen any progress in getting the economy back on track during the last two years unless you consider raising the national debt 5 trillion dollars and increasing the unemployment rate to be progress.
Worry is the interest you pay on a debt you may not owe.
<< <i>
<< <i>
<< <i>Gridlock will probably mean lower deficits and more fiscal restraint -- like we had during the 1990s when Clinton was battling the Republican Congress. As I've said earlier, I think that will be good for the economy and bad for PMs. >>
I think this time it will be different. Both sides are more ideologically polarized. I expect more rhetorical fireworks, and less accommodation and compromise. >>
Just remember, a party is not allowed to run the country unless they have 61 Senate seats. The Republicans said so, so it must be true!!! >>
Politicians do not run this country my friend. The banks and corporations do. Whichever party wins will not change that fact.
The USA has become a plutocracy. Merriam Webster defines plutocracy as follows:
1: government by the wealthy
2: a controlling class of the wealthy
There is a solution, but you won't like it. Hint: The 2nd amendment and the spirit of 1776!
<< <i>
<< <i>
<< <i>Do I wish our nation to suffer great economic struggles to help promote the price of these investments? >>
Regardless of who comes out on top on Tuesday, the economy is short-term shot. The Republicans can do not much to reverse the damage that has been done over the years in the short-term. >>
I agree. The Democrats were unable to undo in two years the horrible damage done to the economy by George W. Bush in eight years. It will take the United States a long time to recover from the Bush Recession.
TD >>
Enough about them Democrats and Republicans ? How about the price of Tea in China ?
<< <i>
<< <i>
<< <i>Do I wish our nation to suffer great economic struggles to help promote the price of these investments? >>
Regardless of who comes out on top on Tuesday, the economy is short-term shot. The Republicans can do not much to reverse the damage that has been done over the years in the short-term. >>
I agree. The Democrats were unable to undo in two years the horrible damage done to the economy by George W. Bush in eight years. It will take the United States a long time to recover from the Bush Recession.
TD >>
In order to be fair, the Democratic Party has controlled spending in this country since January of 2007, when they took over Congress. Since that time, unemployment, the national debt, and government spending have all skyrocketed. If you were to graph it out, it would look something like this / . Before that time, unemployment was at record lows. Just saying....
It all begins with us, not them. When you have your own house in order, you just aren't that concerned with everyone
elses house. Even if their house falls, yours will still stand.
<< <i>Those of us who look to politicians to help us, or to steer the country in the right direction, are not in the right mindset.
It all begins with us, not them. When you have your own house in order, you just aren't that concerned with everyone
elses house. Even if their house falls, yours will still stand. >>
Maybe it will stand, but if it's surrounded by abandoned foreclosures it will become worth much less, and the neighborhood may become much more dangerous. You have to pay attention to what's going on with everyone else's house, to the extent that it affects the well-being of yours (metaphorically as well as literally).
My Adolph A. Weinman signature
A bigger concern
<< <i>I think this will have more of an overall effect then Nov. 2nd will.
A bigger concern >>
fixed link
–John Adams, 1826
<< <i>
<< <i>
<< <i>
I agree. The Democrats were unable to undo in two years the horrible damage done to the economy by George W. Bush in eight years. It will take the United States a long time to recover from the Bush Recession.
TD >>
LOL...damage done by George W Bush. That's classic. The real damage was done long before he got there by Clinton and his HUD director, basically forcing Fannie Mae and Freddie Mac to make loans to anyone who wanted one. That bubble only just burst in 2008. Bush tried to reform Fannie and Freddie his last 2 years in office, but was blocked by (guess who) Frank, Dodd and the Dems.
Go do some real research and stop listening CNN and Colbert.