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 Replies: 58 / Views: 3,482 |
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by ageka
You people are so wonderfull it scares me 
Oh now I'm just joking about hanging greenspan for treason. We wouldn't want to do that to a former shoe lick for three presidents. Ohhh, sorry, I mean "talent." Besides his head has been so far up his butt for so long his neck is probably a bungee cord. How can you hang a bungee cord? But with Helicopter Ben, I was thinking last night how patently absurd it is that a fed banker would say such a thing about throwing money out of a helicopter. They more than anyone know how bond markets work. Maybe Ben was being sarcastic? And if he was I don't think I could blame him really. Shoe lick rides off into the sunset and leaves Benny with an ice cream stick to shore up 60 trillion pounds of "Death from above." They really are asking a lot from him. |
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Pillar of the Community
Belgium
2078 Posts |
The money from an helicopter is of course figuratively Every family here got a 44 E payback to pay for the oil or gas increase price 44 E for the first 6 months of this year another 44 E promissed for the next six months Also gas for the car is around 7.20 $ a gallon today they promissed a cap around 7.50 by reducing taxes |
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Pillar of the Community
United States
756 Posts |
quote:
Originally posted by ageka
Also gas for the car is around 7.20 $ a gallon today
they promissed a cap around 7.50 by reducing taxes
Sign me up for that !!! |
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Pillar of the Community
United States
1247 Posts |
BP shut down their pipe-line in Alaska yesterday and they are already raising prices at the pump. Wallstreet is expecting Benny not to raise rates today. I'm wondering if the BP episode is going to make him raise them anyway. Benny is walking on a razor blade. Real estate is already slowing down, if it takes a swan dive because of interest rates we are going to be in some really bad doo-doo in this country. I only wish I had a 1,000,000 ounces of silver! How much is Power Ball paying this week?  |
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Pillar of the Community
United States
2365 Posts |
IF Bernanke raises the interest rates today then we will see the Metals Market down slightly as that's suppose to make the U.S. dollar stronger right? Housing prices will drop some more and we all know what fuel is going to do without even looking...now for Powerball...I would imagine that sales will increase on them also! This is going to be a very interesting day to see what all of the repercussions will be! Not to even mention the turmoils in the Middle East! I'm NOT looking forward to it!
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Pillar of the Community
United States
1247 Posts |
Benny left interest rates alone. Not that it matters in the long run. In the long run Benny is making Pickett's charge. Good luck dude. I saw something this morning on my joyful bus ride home that could be one the best "advance" indicators of things to come. And what might ensure a good, *long term* future for metals and numismatics regardless of inflation, deflation or even stagflation. Someone took a magic marker to the window--(Plexi glass)--and wrote "KILL CAPITALISM!" along with a crude drawing of a hammer and sickle. They even spelled capitalism right, so I rather doubt that it was a premier Florida school student trying to conjure up some shock value from his fellow mongoloids. Although it could've been since the hammer and sickle looked like was upside down. In any case, school doesn't start until next week. The futurists say tomorrow's big news is just a short seemingly insignificant paragraph in the back pages of today's paper. Or in this case maybe it's on the window of the #6 bus? Not that I really needed to see this to be convinced that marxism is going to become the biggest threat to everything--cycles themselves assure it. Sun Tzu philosophy assures it--"Strength becomes weakness, weakness becomes strength." Institutions, of which capitalism may be the biggest one of all have a long history of going from serving to self-serving. How "serving" is your local government? Your bank? Your Post office? Been down to the DMV lately? I think we have more Fire Stations here in Ft. Lauderdale than we do 7-Elevens! Do you feel well "served" when your coins come back in body-bags but not the checks you sent in to have them slabbed? Look at any long existing institution and you will see nothing but self-serving rot. Is this a bad time to bring up the ANA? There will be some rather nasty reactions to institutional rot in the years ahead. I don't believe it will matter one bit what inflation or deflation is doing. Edited by longnine009
08/08/2006 6:34 pm
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Valued Member
United States
70 Posts |
I'm not much of an investor. Where is the best place to find out what the current prices of gold and silver are?
QS
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Pillar of the Community
United States
1247 Posts |
Kitco seems to be pretty popular.
www.kitco.com
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Pillar of the Community
Belgium
2078 Posts |
Kitco is down often when there are big moves If you have Java you can watch gold or silver in real time and overlay the price with the euro dollar exchange to see whether it is a real change in gold or only an adjustment to dollar value http://forex-markets.com/webcharts.htm |
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Pillar of the Community
United States
1247 Posts |
I just read a email news letter where they said greenspan turned the role of a central banker into a "stellar combination" of Britney Spears' acting talents combined with Brad Pitt's skill as a heart-surgeon.
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Pillar of the Community
United States
2365 Posts |
quote:
Originally posted by longnine009
I just read a email news letter where they said greenspan turned the role of a central banker into a "stellar combination" of Britney Spears' acting talents combined with Brad Pitt's skill as a heart-surgeon.
Yes, and this week's "rag" says that Heir Bush is divorcing Laura and is going to marry Condi! Oh what a World we live in! |
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Pillar of the Community
United States
1247 Posts |
I think the analogy they were making was that Ben can't fake that he's going to beat down inflation like a real Central Banker did--Paul Volcker--because he can't without collapsing the housing market and everyone knows it.
The housing market is going to go no matter what because that's just how it goes with bubbles. Can anyone name a historical bubble that didn't deflate if not explode? But they don't want an instant collapse along with a nation of instant paupers. Do they want millions and millions of people uniting around a single focus point, with very vivid memories of what it was like, only yesterday, not to be a pauper and a list as long as their arms as to whose fault it is? They don't want that. That's the stuff that revolutions are made of. So they have to let the air out of the bubble slowly with the skill of a surgeon which they apparently believe Ben is lacking.
If it all wasn't so tragic it would almost be "poetic justice." Just as we have to decide everyday between option "A" because it sucks less than option "B" now Benny is faced with option A) Bad and option B) Disaster.
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"... Slip kid, slip kid, second
generation only half way up the tree
Slip kid, slip kid, I'm a relation
I'm a soldier at sixty-three, no easy
way to be free..."
Slip Kid--The Who
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Edited by longnine009
08/10/2006 5:32 pm
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Pillar of the Community
United States
1582 Posts |
All in all, this has been a very interesting read. I, too, have been following the precious metal market for quite some time now.
I began buying raw gold back when it was still valued around $300 an ounce, and have continued to do so - when I can afford it. I keep it in a box at the local bank because I feel it is safer there than at home - I feel safer, too; however, should the economy go belly-up, and the banks close their doors, I wonder if I'll be able to retrieve my possessions from that box.
The USD is the world currency at the present time, but I look for that to gradually change over a period of time. How long? Who can say? Any speculation as to when is just that - speculation, but I think it's a good idea to have something solid that you can hold in your hand, and it makes me feel a little moreure.
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Pillar Of The Community
3147 Posts |
Hi Ralph, I would do yourself a huge favor and get the gold out of the safety deposit box. If the banks close the doors you could be locked out for one heck of a long time and new terrorism laws could put you in a bad spot when you do go in to open the box as the laws may put government officials at your side when you do so. Bring the babies home and find a safe place to store them and believe me when I say those places are unlimited!!!
Quite honestly we don't know what lies ahead so use the "Boy Scout" in you and be prepared by accepting and taking total control of that which you don't wish to loose! Shoot, you could always store it right here at my house as I have always offered free coin storage to all my friends and neighbors from all over the country!!!
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Pillar of the Community
United States
1582 Posts |
TERRY - TEE HEE
A generous offer indeed - think I'll pass on it though.
I've been toying with the idea of bringing it home, but there's a good bit of it, and my major concern there would be security - can't scrap with the big boys like I used to - reckon I could bury it out in the back yard as long as I don't forget where I buried it. :)
Truth be told, I've got a safe here at home - recent purchase - that I can store it in - thus the thoughts about bringing it, and my coins, home. I've got scans of everything, but looking at a picture is nowhere as neat as looking at the real thing in your hand.
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Replies: 58 / Views: 3,482 |
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Posted 08/08/2006 05:40 am
