A contrarian's point of view (A retread thread that may bear another read).
Bear
Posts: 18,953 ✭✭✭
I always get a little worried when everyone begins to think alike
and invest alike. Gold and silver seems to have become the new
road to wealth and riches. What people tend to forget is that Governments
will decree and legislate to suit the purposes of those who hold the true power.
as values tend to stretch to upper limits, all kinds of hypothesis begin to appear
justifying ever higher and higher prices if not multiples. The reasons always sound
plausible such as collapse of the dollar, inflation, war, PM shortages.
Often we are compare to the post WW 1 German government. A weak, ravaged defeated
Nation with a weak government and enormous reparations to pay. America, while deeply in
debt on many levels is a Nation rich in resources, military as well as economic power. We play
with the big fish for world influence and generally we hold our own. At this time, we control all
of the sea lanes and will not be successfully contested for perhaps a decade or more.
I would not be so certain as to the value of PMs growing like trees to touch the sky. A more prudent
approach might be some measure of inflation protection in the form of PMs, but also a nice pile of money
to take advantage of possible opportunities that as of yet, are not known.
The trap door always seems to fall open as enthusiasm and values hit their parabolic stride. Sure many of us
have made money in PMs, but it may not be a bad time to recover some of that profit in cash. I say again, Governments
will do strange things at the darndest times to retain power. Expect the unexpected , trust no Governmental pronouncements,
the trend of the majority is often wrong and the so called experts of finance,have many vested interests in seeing self ordained
prophesies come true. Sure, some will be dead on correct, but which ones and at what period of time. Be careful out there,
I love you people and do not wish to see a lot of you being hurt thru unrealistic enthusiasm.
and invest alike. Gold and silver seems to have become the new
road to wealth and riches. What people tend to forget is that Governments
will decree and legislate to suit the purposes of those who hold the true power.
as values tend to stretch to upper limits, all kinds of hypothesis begin to appear
justifying ever higher and higher prices if not multiples. The reasons always sound
plausible such as collapse of the dollar, inflation, war, PM shortages.
Often we are compare to the post WW 1 German government. A weak, ravaged defeated
Nation with a weak government and enormous reparations to pay. America, while deeply in
debt on many levels is a Nation rich in resources, military as well as economic power. We play
with the big fish for world influence and generally we hold our own. At this time, we control all
of the sea lanes and will not be successfully contested for perhaps a decade or more.
I would not be so certain as to the value of PMs growing like trees to touch the sky. A more prudent
approach might be some measure of inflation protection in the form of PMs, but also a nice pile of money
to take advantage of possible opportunities that as of yet, are not known.
The trap door always seems to fall open as enthusiasm and values hit their parabolic stride. Sure many of us
have made money in PMs, but it may not be a bad time to recover some of that profit in cash. I say again, Governments
will do strange things at the darndest times to retain power. Expect the unexpected , trust no Governmental pronouncements,
the trend of the majority is often wrong and the so called experts of finance,have many vested interests in seeing self ordained
prophesies come true. Sure, some will be dead on correct, but which ones and at what period of time. Be careful out there,
I love you people and do not wish to see a lot of you being hurt thru unrealistic enthusiasm.
There once was a place called
Camelot
Camelot
0
Comments
while u have written a nice piece of info, the info is worthless with rergards to any inherent knowledge of pm price discovery or value
But seriously, there is a great deal of emotionalism and lemming
like trends built into the pricing of any commodity. I can not argue
that I am correct, or that you are wrong, I am merely signaling a
yellow cautionary light in a time of confusing developments, throughout
the world economies and political leadership.
Camelot
nice post Mr. Bear.
Too many positive BST transactions with too many members to list.
<< <i>Governments could take gold and silver away, its true--------------BigE >>
What about those who hoard foreign gold and silver ? Can the US government expect to confiscate that if a repeat of 1933 occured ?
or in some dank cave in the forest, If governments were to take control of the
PM mechanisms for sale and purchase, what would you do with your PMs then?
Sit on them for 50 years until you could sell them again. This is only one theoretical
situation, I am sure that the Governments of the world can come up with more exotic
ways to recapture wealth from the people.
Camelot
<< <i>Even if one were to continue to hold unto your PMs hidden in the basement
or in some dank cave in the forest, If governments were to take control of the
PM mechanisms for sale and purchase, what would you do with your PMs then?
Sit on them for 50 years until you could sell them again. This is only one theoretical
situation, I am sure that the Governments of the world can come up with more exotic
ways to recapture wealth from the people.
This scenario is actually exactly why you need pm's. 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......
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I wonder If the Government will have the decency to leave me my shorts and T shirt?
Camelot
Camelot
<< <i>the info is worthless with rergards to any inherent knowledge of pm price discovery or value >>
What the heck does that mean?
As pointed out in previous posts there are those that use PM's as investments (buying low and selling high, or the opposite), and those that simply stack PM's as high as they can in the event the world as we know it ends. Some people have pointed out for a long while that the price of PM's goes up and then it goes down, as it always has. There is nothng new in recent pricing of PM's, they have done the same thing for hundreds, if not tousands, of years.
What I want to know is has anyone put a handle on the 30 year teacup with the droopy neckline yet?
World Collection
British Collection
German States Collection
Knowledge is the enemy of fear
<< <i>does anyone here really believe the U.S> govt will ever confiscate our pms?people would ignore that dictate and if the govt attempted to force the issue.....they would be met with a lot of return fire...no joke,this is what I believe >>
Confiscate? No.
Tax the crap out of it? Yes.
Personally, I don't think it will ever happen just because our economy isn't based on PMs anymore, and it would be a lot easier for them to just increase income taxes or something similar.
While there wasn't a forced door-to-door confiscation of PM's in the 1930's the govt did recall all privately held gold except for approved small quantities and those gold coins having
specific collector value. Silver was restricted as well to ownership of no more than 500 oz. via the Silver Purchase Act of 1934.
For now, the PTB's have discovered the rate hike "tool" and are more than happy to utilize it each week on commodities until they knock them down to a "fair" price. Obama's
re-election strategy so far is bagging old terrorists and knocking down commodity inflation. The jobs thing will be a tad harder to accomplish.
roadrunner
Camelot
<< <i>does anyone here really believe the U.S> govt will ever confiscate our pms?people would ignore that dictate and if the govt attempted to force the issue.....they would be met with a lot of return fire...no joke,this is what I believe >>
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
what ever is in their own best financial interests. J6P be damned.
Camelot
oh no no no! it is each of our responsibilities in the modern media world to pay attention and care really really a lot about every trouble in the world, and to take the full burden of the population of the planet on each of our shoulders!
Liberty: Parent of Science & Industry
And miss out on the latest hot news on Casey Anthony, Lohan, Kardashians... no way
Yogi Berra