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From the Doctor's Lounge™: Signs that the coin and bullion apocalyspe is near...

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  • notwilightnotwilight Posts: 12,864 ✭✭✭
    RYK,
    I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years. I just hope I do a better job of getting out. I took a 7 digit trading account to zero in that one. --Jerry
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    RYK, I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years.

    Jerry, you are unfamiliar with the contrary indicator power of my brother-in-law (ask me about the house he built in New Orleans right before the hurricane sometime--really!). When he gets on board, the party will be over--be it three days from now, three months from now, or three years from now.

    I just hope I do a better job of getting out. I took a 7 digit trading account to zero in that one. --Jerry

    Ouch! image


    I have read the tea leaves too Usually, it says, "Don't eat the chicken".

    Mine, too, Bear. Of course, I have not eaten chicken for 15 years!
  • RaufusRaufus Posts: 6,896 ✭✭✭✭✭
    Great thread! I'm an anesthesiologist. I was checking my anes. machine pre-op last year when I heard one of the circulating nurses talking about some unc. silver that he bought and was going to sell. Based on the conversation I thought that he might have some ASE '08 w/'07 Rev. He had never heard of them. It turns out that he had nearly 30. He went to the Balto. show with me and sold them for $16K. It sure was very fortunate for him that he chose bullion as a topic of OR conversation!
    Land of the Free because of the Brave!
  • Its pretty sure sign when a proctologist is interested in something the end is near.


  • << <i>Great thread! I'm an anesthesiologist. I was checking my anes. machine pre-op last year when I heard one of the circulating nurses talking about some unc. silver that he bought and was going to sell. Based on the conversation I thought that he might have some ASE '08 w/'07 Rev. He had never heard of them. It turns out that he had nearly 30. He went to the Balto. show with me and sold them for $16K. It sure was very fortunate for him that he chose bullion as a topic of OR conversation! >>



    Nice to see someone so honest!!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,618 ✭✭✭✭✭
    I have a lot of respect for doctors.
    Coin doctors, on the other hand, need to see a proctologist to get their heads examined image
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    Heard today that the interest on the nat'l debt in 2015 will be $500B. That's $1500 for every American. For interest alone. If that's not a long-term recipe for gold, I don't know what is.
  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    Our current US Prez has yet to impress me with his greatness. Considering even a broken clock is right twice a day is it not possible your colleagues and relative may yet arrive at the party before it's too late? It would be a pity to sell out before the fun begins based only on their past mistakes image

  • Billet7Billet7 Posts: 4,923 ✭✭✭
    POP......PPPPPPPPSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSTTTTTTTTTTTTTTTTTTTTTTTTTttt.......thuuuut.
  • 291fifth291fifth Posts: 24,700 ✭✭✭✭✭
    Make sure your read truthteller's report on the Santa Clara show.
    All glory is fleeting.
  • pf70collectorpf70collector Posts: 6,748 ✭✭✭
    If gold is in a bubble, I don't see it falling back to no lower than $900.00.
  • RedneckHBRedneckHB Posts: 19,693 ✭✭✭✭✭


    << <i>There is one huge difference this time (1999-201X) from the depressions/panics/major recessions that occured from 1816-1822, 1860-1869, 1872-1896, 1907, 1920-1921, 1929-1939, 1955-1958, and 1970-1982. That is, the bankers didn't bet 10X the world's value at the poker table...all on margin. For now all is "good" because the FED/Treasury via tax payer's future pockets are paying the margin calls as they come due. This time it is very different, at least for our nation. Other nations over the millenia have had similar debt/monetary issues though I don't think any of them ever bet 10X the world's total worth at the poker table at up to 50-1
    margin.

    From the gold ads I see on TV I'd estimate that the buying ads are running at 3X to 4X the volume of the selling ads. And for good reason. The goal is to drain J6P of all his gold long before loftier numbers are reached.

    roadrunner >>



    Was the tulip bubble different from the Naz bubble? Was the Japanese equities bubble different from the US real estate bubble? Of course. What is always constant is investor behavior. Humans always react to a situation in the same manner. Bubbles arent created by loose credit. They are created by human fear and greed.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>RYK, I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years.

    Jerry, you are unfamiliar with the contrary indicator power of my brother-in-law (ask me about the house he built in New Orleans right before the hurricane sometime--really!). When he gets on board, the party will be over--be it three days from now, three months from now, or three years from now.
    >>



    We may be consistent here. If I'm correct, then your brother-in-law won't get in for another 3-5 years. --Jerry
  • ttownttown Posts: 4,472 ✭✭✭
    This isn't a bubble. When the FED stops printing money hand over fist and we try and get our budget in order then is the time to get out not before. The public is so in debt they can't afford to buy gold unless it's on credit. They will need to start increasing interest rates soon and lock down credit. I'm afraid the worst is yet to come and by this time in 2010 everyone will have a much clearer view of the global depression that's upon us. The party for the US is over but it will effect the rest of the world too, many countries much more than ourselves.
    Everyone should buy a little insurance to balance out their paper assest IMO.

    They are after gold jewelery hot and heavy. This area the ads on TV want to buy (rip) off all your old gold and these places don't resell to the public.


  • << <i>Our current US Prez has yet to impress me with his greatness. Considering even a broken clock is right twice a day is it not possible your colleagues and relative may yet arrive at the party before it's too late? It would be a pity to sell out before the fun begins based only on their past mistakes image >>



    Not always true, sometimes the broken clock has no hands or just one, hence it may never be right.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>

    << <i>RYK, I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years.

    Jerry, you are unfamiliar with the contrary indicator power of my brother-in-law (ask me about the house he built in New Orleans right before the hurricane sometime--really!). When he gets on board, the party will be over--be it three days from now, three months from now, or three years from now.
    >>



    We may be consistent here. If I'm correct, then your brother-in-law won't get in for another 3-5 years. --Jerry >>


    Fair enough, so long as you understand that the "my brother-in-law indicator" trumps all others. image


  • << <i>RYK,
    I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years. I just hope I do a better job of getting out. I took a 7 digit trading account to zero in that one. --Jerry >>



    When George Gilder publishes a Gold Report, you know it is time to get out.
  • FoxerFoxer Posts: 164 ✭✭
    http://www.goldprice.org

    The guys who do the daily commentary at this site always seem to have a grip on where Gold/Silver are going.



    Just my $0.02
  • UncleJoeUncleJoe Posts: 2,551 ✭✭✭


    << <i>Its pretty sure sign when a proctologist is interested in something the end is near. >>



    image

    I spit my lunch out. Too funny!

    Joe.
  • RedneckHBRedneckHB Posts: 19,693 ✭✭✭✭✭
    This isn't a bubble

    I'll agree with that. The bubble stage is still years away. But that doesnt change my opinion that over the next 18 months the main driver for gold will be apathy.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • But can your brother-in-law give me a 3rd opinion on my diverticulitis? There's some bullion in it for him!
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>But can your brother-in-law give me a 3rd opinion on my diverticulitis? There's some bullion in it for him! >>



    Not a chance. That will get him started and bullion, and then you can share the blame for the collapse. image


  • << <i>

    << <i>

    << <i>RYK, I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years.

    Jerry, you are unfamiliar with the contrary indicator power of my brother-in-law (ask me about the house he built in New Orleans right before the hurricane sometime--really!). When he gets on board, the party will be over--be it three days from now, three months from now, or three years from now.
    >>



    We may be consistent here. If I'm correct, then your brother-in-law won't get in for another 3-5 years. --Jerry >>


    Fair enough, so long as you understand that the "my brother-in-law indicator" trumps all others. image >>



    Except my father in-law as an indicator, he will talk about it for a good few years then pull the trigger, RUN at that point, or better yet, sell to him.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>RYK, I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years.

    Jerry, you are unfamiliar with the contrary indicator power of my brother-in-law (ask me about the house he built in New Orleans right before the hurricane sometime--really!). When he gets on board, the party will be over--be it three days from now, three months from now, or three years from now.
    >>



    We may be consistent here. If I'm correct, then your brother-in-law won't get in for another 3-5 years. --Jerry >>


    Fair enough, so long as you understand that the "my brother-in-law indicator" trumps all others. image >>



    Except my father in-law as an indicator, he will talk about it for a good few years then pull the trigger, RUN at that point, or better yet, sell to him. >>



    Well, is your father-in-law talking about gold coins and bullion? image
  • Had lunch with an MD friend today and told him about the MD contararian financial idea, he said it was absolutely true, cited himself(prior to getting a money manager) and his father (also an MD) as prime examples.


  • << <i>

    << <i>

    << <i>

    << <i>

    << <i>RYK, I thought about this thread a bid at the Soccerdad Lounge™. I was fully involved in the JDSU, BRCM, CSCO, Telecosm™ bubble and if this is the same, we've still got 3-5 good years.

    Jerry, you are unfamiliar with the contrary indicator power of my brother-in-law (ask me about the house he built in New Orleans right before the hurricane sometime--really!). When he gets on board, the party will be over--be it three days from now, three months from now, or three years from now.
    >>



    We may be consistent here. If I'm correct, then your brother-in-law won't get in for another 3-5 years. --Jerry >>


    Fair enough, so long as you understand that the "my brother-in-law indicator" trumps all others. image >>



    Except my father in-law as an indicator, he will talk about it for a good few years then pull the trigger, RUN at that point, or better yet, sell to him. >>



    Well, is your father-in-law talking about gold coins and bullion? image >>



    Not yet.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    I will be spending time with the brother-in-law this weekend. I will let y'all know if the end is near. image
  • LongacreLongacre Posts: 16,717 ✭✭✭
    If my mother in law starts to put bullion on her credit card, I am bailing.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    Well, after learning of his investment in expensive artwork over the last 18 months (true to form), he is looking at a vitamin/nutrition business to put his money to work. I apologize in advance to any of you who work or invest in that area.

    For now, the coast is clear for coins and bullion.
  • 291fifth291fifth Posts: 24,700 ✭✭✭✭✭


    << <i>Well, after learning of his investment in expensive artwork over the last 18 months (true to form), he is looking at a vitamin/nutrition business to put his money to work. I apologize in advance to any of you who work or invest in that area.

    For now, the coast is clear for coins and bullion. >>



    Define "expensive artwork." Anything less than the very top end stuff is likely to be very illiquid.
    All glory is fleeting.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,618 ✭✭✭✭✭
    I got an email from Heritage today. I see one of the respondents to this thread owns the coins referenced in that email.
    Nobody wants to see the successes of forum members more than ____________
    (fill in the blank)
  • jmski52jmski52 Posts: 23,268 ✭✭✭✭✭
    Here it is, Saturday night and not a peep from the oracle. It may not be good.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • kazkaz Posts: 9,277 ✭✭✭✭✭
    So it's safe to take my trembling finger off the "Sell" button for my gold ETF?image
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>Here it is, Saturday night and not a peep from the oracle. It may not be good.image >>


    We are about half way through the weekend, and he has not mentioned gold or coins.

    To 291fifth, the piece of art is an ugly painting that he purchased for $60k. He is hoping the artist dies soon so that he can cash in. If you gave it to me for free, I would not put it on my wall.
  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭


    << <i>

    << <i>Here it is, Saturday night and not a peep from the oracle. It may not be good.image >>


    We are about half way through the weekend, and he has not mentioned gold or coins.

    To 291fifth, the piece of art is an ugly painting that he purchased for $60k. He is hoping the artist dies soon so that he can cash in. If you gave it to me for free, I would not put it on my wall. >>



    triangles?
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    <<Our currency is still much stronger than most currencies>>

    Couldn't disagree more. Care to tell me which ones that don't start with a Z? MJ
    Walker Proof Digital Album
    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......
  • kruegerkrueger Posts: 904 ✭✭✭✭


    <<"When Joe Kennedy's shoeshine boy started giving stock tips Joe knew it was time to get out of the stock market.

    Is your shoeshine boy pushing gold?" >>

    In Bernard Baruch's autobiography he relates the very same story. He sold all his stocks and bought gold!! when he was confronted by the shoeshine boy., and several days before the stock market crashed in 1929. He Was known at the time as "The wizard of wall street" there have been others who have claimed the title since.

    He advised presidents from Wilson to Kennedy and led the federal government efforts to convert our industries to war time production in WWI and WWII!! He was also the personal financial advisor to Winston Churchill.

    Krueger
  • ConnecticoinConnecticoin Posts: 13,111 ✭✭✭✭✭
    Another sign of the bullion apocalyspe: Blanchard was advertising yesterday on the radio during the SEC championship game. "Gold is at only 40% of it's all time high (adjusted for inflation)!"
  • Some in the bullion biz believe that some Central Banks in countries like China and India are getting rid of dollars and buying gold on the dips. The test of that theory may occur tomorrow.
    Good deals with: goldman86 mkman123 Wingsrule wondercoin segoja Tccuga OKCC LindeDad and others.

    my early American coins & currency: -- http://yankeedoodlecoins.com/
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,618 ✭✭✭✭✭
    Not to go too far off topic, but did you see that guy named Suh , yesterday ? image
  • jmski52jmski52 Posts: 23,268 ✭✭✭✭✭
    So it's safe to take my trembling finger off the "Sell" button for my gold ETF? image

    It's Sunday afternoon. We might be seeing daylight through the dense forest around us. Is it a clearing in the jungle?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>Not to go too far off topic, but did you see that guy named Suh , yesterday ? image >>



    He would look great in a Steelers uniform. image


  • << <i>

    << <i>Not to go too far off topic, but did you see that guy named Suh , yesterday ? image >>



    He would look great in a Steelers uniform. image >>



    As you mentioned the Steelers, it was a hard weekend for Pittsburgh football fans, it all started with the drop in gold on Friday!!!
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭


    << <i>Not to go too far off topic, but did you see that guy named Suh , yesterday ? image >>



    I'm investing in whatever Suh's buying! image


  • << <i>

    << <i>

    << <i>Not to go too far off topic, but did you see that guy named Suh , yesterday ? image >>



    He would look great in a Steelers uniform. image >>



    As you mentioned the Steelers, it was a hard weekend for Pittsburgh football fans, it all started with the drop in gold on Friday!!! >>



    [NOTE: ANOTHER TOPIC INTERRUPTION!!!

    Ah, but it was a great day for the 3 Raiders' fans left here in Oaktown who still love the team in spite of Al Davis' persistent attempts to mismanage it into non-existence!

    YOU MAY NOW RESUME THE THREAD]
    Tony Barreca

    "Question your assumptions."
    "Intelligence is an evolutionary adaptation."
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Not to go too far off topic, but did you see that guy named Suh , yesterday ? image >>



    He would look great in a Steelers uniform. image >>



    As you mentioned the Steelers, it was a hard weekend for Pittsburgh football fans, it all started with the drop in gold on Friday!!! >>



    [NOTE: ANOTHER TOPIC INTERRUPTION!!!

    Ah, but it was a great day for the 3 Raiders' fans left here in Oaktown who still love the team in spite of Al Davis' persistent attempts to mismanage it into non-existence!

    YOU MAY NOW RESUME THE THREAD] >>



    Congrats to the Raiders and their three remaining fans. image

    Back to the thread...

    Well, I got through the entire weekend, and the brother-in-law never brought up gold coins or bullion once. We talked extensively about his investments: his two properties in Florida in which he was completely upside down and hemorrhaging cash to pay the interest-only mortgages, his mutual fund portfolio, his artwork, etc. I even baited him a little, and he did not bite. It looks like the gold coin and bullion still have some appreciation left.
  • Another encouraging sign for additional appreciation is that I sold all my proof AGEs in last 30 days.










    Enough time posting........better get back to seeing patients.
  • DrPeteDrPete Posts: 1,497 ✭✭✭
    My Doctor's Lunch Room discussion today was about older junkie cars, motorcycles and amputation of lower extremities, since two vascular surgeons were present. No discussion about bullion in my corner of the world.
    Dr. Pete
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    My Doctor's Lunch Room discussion today was about older junkie cars, motorcycles and amputation of lower extremities, since two vascular surgeons were present.

    Dr. Obama says that doctors like doing amputations because they are more lucrative than the alternatives. Of course, we all know that is not the case, but it shows you how much the guy who is running the show knows about the financing of health care and how it relates to medical decision making.

    I just left the lounge where we discussed the weekend of college football, the Bowls, and the Heisman front-runners. Based solely on the conversation and how well doctors predict these things, if I could, I would be shorting Tim Tebow right now. image
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    Hunnert

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