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Pillar of the Community
United States
5862 Posts |
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[W]e look for a pick up in physical demand in November and December, which are historically strong months for metals. Strange, I seem to remember prices dropping sharply at the end of last year. In fact, I made some pretty decent purchases last December and was hoping to repeat that this year... |
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Pillar of the Community
United States
808 Posts |
I very much hope you're right, barryg. At this rate, December's going to have some crazy PM bargains.
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Bedrock of the Community
13014 Posts |
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There is not enough gold or silver for everyone, Everyone doesn't want it though or cant afford it in the case of gold. Supply isn't an issue right now and likely wont be without a substantial increase in interest. |
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Pillar of the Community
 United States
3540 Posts |
Silver just under $32. Gold at 1706.
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Pillar of the Community
United States
4008 Posts |
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With everything going negative,is this the beginning of the great deflationary spiral that Bernanke fears so much? Could be, Hock, but I sometimes wonder if Bernanke is up to this job. He does not seem to be able to differentiate growth from inflation or the air coming out of a bubble from deflation. I'm thinking that bubbles are primarily created via political policies that distort the market and that letting the air out of them, gradually if possible, is much better for the market in the long run than either trying to re-inflate them or letting them go BANG! It is unfortunate that the political class truly believes that they understand economics and the markets when the evidence before us indicates that they do not. It is, in fact, political meddling beyond establishing basic economic and financial systems that leads to these distortions, bubbles, and subsequent collapses. This seems a classic case of "if some is good, more is better, and LOTS is the best", insofar as laws and regulations are concerned. In fact, laws and regulations are a lot like seasoning in food, where a little works much better than none or a lot. |
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Bedrock of the Community
13014 Posts |
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It is unfortunate that the political class truly believes that they understand economics and the markets when the evidence before us indicates that they do not. They understand more than they let on. Part of it is perception. If they came out and said were screwed for a while it would make things much worse. Bernake may not be the best guy for the guy but he knows more than he lets on |
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Pillar of the Community
United States
4008 Posts |
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They understand more than they let on. They very well may but this does not explain why they keep doing the same things and expecting a different result, such as with the QEs. Quote:
If they came out and said were screwed for a while it would make things much worse. Perhaps. On the other hand, that kind of honesty might be so refreshing that it would pull this country back together, united in purpose so we could get on with the work needed to solve our problems. The first order of business should be to end the idea that we can solve our problems in some painless fashion. We can't. There WILL be pain and lots of it. All we can do at this point is recognize that and then do our very best to ensure that it is shared as equally as possible. |
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Pillar of the Community
United States
1590 Posts |
What we need is John Wayne for President! Quick, someone get a time machine!
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Bedrock of the Community
13014 Posts |
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They very well may but this does not explain why they keep doing the same things and expecting a different result, such as with the QEs. They dont really expect a different result, but they do expect to get reelected with the new handouts Quote:
On the other hand, that kind of honesty might be so refreshing that it would pull this country back together, united in purpose so we could get on with the work needed to solve our problems. The first order of business should be to end the idea that we can solve our problems in some painless fashion. We can't. There WILL be pain and lots of it. All we can do at this point is recognize that and then do our very best to ensure that it is shared as equally as possible. You have more faith in the general public than I do. A large amount of people already realize it wont be a painless fix but to many people are to clueless or just flat out dont care as long as they get theirs. Entitlement is rampant in todays society and thats all that matters to to many people. Just look at the political ads, expecting people to pay for their own birth control is an issue now. Everyone thinks they are entitled to things for free which really is the root of the whole problem. |
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Pillar of the Community
United States
4008 Posts |
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They dont really expect a different result, but they do expect to get reelected with the new handouts What is the benefit of being elected the Chief Kahuna in Zimbabwe? Not much. It's a bit like owning the best house in a burned out and abandoned neighborhood. Quote:
You have more faith in the general public than I do. Perhaps I just have more faith than you, period? We're in DEEP DOO. We can either initiate a process that will eventually solve our problems or we can just continue on the current path until our current system implodes and dies. I don't see another alternative out there. If anyone else does, please share! Quote:
Everyone thinks they are entitled to things for free which really is the root of the whole problem. A lot of them certainly do but it is far from "everyone". I fully understand that it is difficult to pull a hog's head out of the trough. But it truly needs to be done IF we wish to remain a viable country. If we do not, then the gloves will come off, the system will collapse, and a dictatorship will likely follow. Not a happy ending to what was one 'the greatest country on Earth'. I fervently hope that it does not come to this, although it may. All I can say about that eventuality is that IF it happens, it will be because we deserve it. What would make this possible would be REAL leaders who would rather save the country from collapse than get re-elected. Are there any such people around today? I don't know. Ron Paul and Gary Johnson seem to be of this type but they do not have the numbers they need to pull it off. |
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Pillar of the Community
Canada
1411 Posts |
For some reason...  This makes me think of this disputed quote possibly from Lincoln: Quote:
I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. -U.S. President Abraham Lincoln, Nov. 21, 1864 Not exactly good stuff is it...  |
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Bedrock of the Community
13014 Posts |
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What is the benefit of being elected the Chief Kahuna in Zimbabwe? Not much. It's a bit like owning the best house in a burned out and abandoned neighborhood. By the time that happens theyll be long gone. Most of the people with those policies are the old guard. Its the younger members in congress and the senate that are legitimately worried about the future. When your 60 or 70 40 years down the line doesn't concern you. Quote:
A lot of them certainly do but it is far from "everyone". I fully understand that it is difficult to pull a hog's head out of the trough. But it truly needs to be done IF we wish to remain a viable country. If we do not, then the gloves will come off, the system will collapse, and a dictatorship will likely follow. Not a happy ending to what was one 'the greatest country on Earth'. I fervently hope that it does not come to this, although it may. All I can say about that eventuality is that IF it happens, it will be because we deserve it. I agree itll be because we deserve it. I used everyone as short hand. Its not everyone but it is a significant percentage of the population, if it wasnt there would have been even more massive turn over in the 2010 elections and it would have been very clear if you want to keep your job cut the spending and make it work. Yet the man in charge of the senate whose yet to produce a budget in 4 years was reelected. Like you said its our own fault. Most people cant even be bother to vote. One things for sure though our culture has changed to where a lot of people think theyre entitled to what others have. A lot of people make it sound like the government is doing you a favor allowing you to keep any money from taxes, then of course theres rich celebrities (which sadly people pay more attention too than actual things that matter) who charge charities for appearances for fund raisers. Its a lot like what we see in Greece. People may want things to change but no one is willing to give anything up to make it happen |
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Pillar of the Community
United States
4008 Posts |
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When your 60 or 70 40 years down the line doesn't concern you. Those of us with kids and grand kids care very much what kind of country and world we leave to them. I would agree that the narcissists out there do not see this side of it, as everything in their world is about them and not others. Unfortunately, it is just this type who become career politicians. The Founding Fathers were brilliant men but even they never envisioned anyone so pathetic as to actually want to have a career in politics. If they had, there would have been term limits established for every elective office. Quote:
I used everyone as short hand. I understand that completely. Just wanted to raise the issue.  Quote:
One things for sure though our culture has changed to where a lot of people think theyre entitled to what others have. This shows a pitiful education, IMO. They needed to spend more time reading the writings of the great minds of the world and less time staring like mindless idiots at video games and TV. In spite of what these people think, they are NOT entitled to anyone else's property... ever. |
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Bedrock of the Community
13014 Posts |
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Those of us with kids and grand kids care very much what kind of country and world we leave to them. I would agree that the narcissists out there do not see this side of it, as everything in their world is about them and not others. Unfortunately, it is just this type who become career politicians. The Founding Fathers were brilliant men but even they never envisioned anyone so pathetic as to actually want to have a career in politics. If they had, there would have been term limits established for every elective office.
Exactly. I would be concerned about the next generation as well, but when youre power hungry staying is office is first and everything else comes second Quote:
This shows a pitiful education, IMO. They needed to spend more time reading the writings of the great minds of the world and less time staring like mindless idiots at video games and TV. In spite of what these people think, they are NOT entitled to anyone else's property... ever. Couldnt agree more. If the government took a million dollars from someone and gave it to me I would return it, I dont agree with taking things from people no matter their income level (assuming they arent an evil dictator). Now if that same person wanted to give me that money out of their own kindness thats a different story. I dont like the idea that just because someone has more others are entitled to it, otherwise Id be handing out my address where you all can send some silver |
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Pillar of the Community
United States
4008 Posts |
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I dont like the idea that just because someone has more others are entitled to it, otherwise Id be handing out my address where you all can send some silver OK, what the heck. PM me your address and I WILL send you some silver.  |
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Posted 10/24/2012 11:05 am
