Another Day Of Dollar Index And Gold Both Rising...

I love Jersey Shore. Okay, maybe not love...but I tune in every week to get a good laugh :)

Im under 30 and am slowly adding to my silver pile with every pay check. I appreciate the sudden drop from 42/oz to 30/oz. Was finally able to snatch up a few silver commemorative pieces from the 80s and 90s that I find interesting and shiny :)

But seriously, the economy and whatnot has been downhill ever since I got old enough to pay attention to it. My college buddies, however, cannot tell me how much an ounce of silver or gold is. Most people cant.

I agree, Hock. I sometimes feel as if I am on a ship, calmly watching the calm ocean while at the same time realizing that a devastating tsunami is racing under the ship, unheard and unfelt, but heading for our land that it will devastate.

Like you, I have been preparing for this by stockpiling the usual necessary goodies. Those who refuse to prepare for such events until the disaster is finally clear to one and all will call this "hoarding", as if name-calling will ease their conscience as they try to steal what we have saved.

Still, it saddens me terribly to watch my fellow Americans waste so much time and money on trivia when they should be working over-time and saving all they can to prepare for some VERY hard times. Was this what it was like at the fall of the Roman empire? I surely hope not but can't quite shake off the nagging feeling that it was... bread and circuses, wine, and orgies... don't worry about those barbarians!

Greece just announced that it cannot meet its scheduled loan payments for this year or for next year... or perhaps any year, for that matter? The stress that this places on their society may well be more than it can bear without disintegrating. Will we see a Greece that is composed of isolated city states once again? I hope not but they do seem headed that way with a loss of national control and order.

Unfortunately, that kind of thing has a nasty way of spreading to other places, which would place the other PIIGS countries in danger. The countries trying to save these experiments in socialism from themselves could well capsize themselves in the fruitless effort of trying to save them. At some point, and hopefully sooner rather than later, they should be allowed to default, restructure / repudiate their debts, and get on with starting over. With even a bit of luck, they will not repeat the errors of the past. If the world has more sense than an acorn, they will not loan them the money with which to make these same spending / debt errors.

w00t! I placed an order for a gold coin just as the price dipped below $1600 and so far it has risen $20 up to $1620.

Of course, I'll feel like an idiot if it suddenly dips down well below $1600, but at least I'll be an idiot with a gold coin...

However, I do not watch scripted wrestling. Sorry WWE fans, but that is a true waste of time and human space, lol....

last Gold, WWF stands for World wildlife foundation, as they won in court, the WWE world wresting entertainment lost, and is sad that I do know that fact....

When I got up this morning, I saw that gold had dipped back down below $1600 again and was currently at %1599. There's still one more gold coin I want to buy, so I was hoping the downward trend would continue. Alas, that may have been the floor for now, as prices seem to have bounced and are rising again.

I'm in a good spot, though. If gold drops again, I'll be able to get the coin I want. If gold goes up, I'll feel good about the one I bought yesterday.

I tell you what jumpin tracks a bit, and I thought this thread was as good as any to mention this, the fact that these protestors are camping outside of Wall street. I think it points to the undeniable fact, that the common Joe (not the troll;) is fed up with big business, banks, Wall street, the government, etc....

Going back in time, it seems like all big events in history often start with similar marches and protests. Just another early sign of darker days to come IMO....

@Silverhawk

At least you are reading the history, so you can see where this is all going and therefore take whatever actions you need to get past this part of history. And you won't be caught with your pants down when something "unexpected" (unexpected by those with their heads in the sand) happens. It won't be unexpected to you because you already knew it "could" happen.

I agree, Hawk. Things like this could very well be one of those first tiny cracks in the dam. Ignoring them is usually not a good idea. Part of me is sympathetic to the protesters, even if they do act like the hippies of the 60s. There really are legitimate grievances about the economy, business, and, oh, yes, the banks. Problem is, government is in this up to their eye-balls, so blaming business for ALL of our problems is not realistic. Places in the world that are doing well also have business going on but they don't seem as intent on licensing, regulating, and taxing it to death... while we are... and we are receiving our just reward for those efforts. Not saying that we don't need enough regulation to provide a level business playing field for all or that we can have a government without paying some tax to fund it. What I am saying is that we have taken some good basic ideas to extreme and that rarely ever works as well in the real world as it does on paper. Right now, the academics are in charge, so it's a paper world made in their image. :-/