Yeah, you...the stock market bear of bears, the good guy in the world of evil. You're never gonna invest a dime in the market anymore. Instead, you're loading up on precious metals, water, food, guns, bullets, and you're gonna electrify the perimeter of your home (both above and under ground).
Your new mission in life now is to convince all your friends and family or anyone who is willing to listen to you that they too should load up on gold and silver...because the central banks are too stupid and too addicted to printing money. As a result, your fiat money and everybody's fiat money will go to 0.
You go on the web daily and blast the fed and worldwide central banks for devaluing your hard-earned money. Your mission takes on a sense of urgency. Your thinking is that the middle class and the poor are going to be much poorer due to inflation and the coming massive hyperinflation. You are the savior and you're going to help protect the middle class and the poor. But first they must listen to you and buy gold and silver with every paycheck they get. They must take all the money out of their 401ks. They must do it now. They must do it yesterday.
By loading up on precious metals, you and your army of gooddoers help cause prices to move higher and accelerate the destruction of the fiat currency. Higher prices beget higher prices as more and more people abandon fiat. You secretly or openly celebrate the eventual destruction of fiat and it can't happen soon enough. "Die fiat die!" is your favorite weekend chant. Life will be better for everybody afterwards, you envision. But, with your AK-47, you'll whack anybody who should come to your property and steal or ask for food/water. You got some grenades if they all come at once.
Life will be better, really? If the worse case scenerio plays out, the poor and the middle class will still be much poorer. Because, let's face it, there's just not that much silver and gold to go around for everybody. And the rich will stay rich on the other side because they can buy all the precious metals they want in one fell swoop. They can, they will, and they can do it the very last minute.
What changes? Nothing. The rich stays rich, the poor and middle class becomes super poor and Untouchables. They were better off with the original fiat currency, even as it depreciated decade after decade.
Nothing changes....And you're still a bunghole.
Your new mission in life now is to convince all your friends and family or anyone who is willing to listen to you that they too should load up on gold and silver...because the central banks are too stupid and too addicted to printing money. As a result, your fiat money and everybody's fiat money will go to 0.
You go on the web daily and blast the fed and worldwide central banks for devaluing your hard-earned money. Your mission takes on a sense of urgency. Your thinking is that the middle class and the poor are going to be much poorer due to inflation and the coming massive hyperinflation. You are the savior and you're going to help protect the middle class and the poor. But first they must listen to you and buy gold and silver with every paycheck they get. They must take all the money out of their 401ks. They must do it now. They must do it yesterday.
By loading up on precious metals, you and your army of gooddoers help cause prices to move higher and accelerate the destruction of the fiat currency. Higher prices beget higher prices as more and more people abandon fiat. You secretly or openly celebrate the eventual destruction of fiat and it can't happen soon enough. "Die fiat die!" is your favorite weekend chant. Life will be better for everybody afterwards, you envision. But, with your AK-47, you'll whack anybody who should come to your property and steal or ask for food/water. You got some grenades if they all come at once.
Life will be better, really? If the worse case scenerio plays out, the poor and the middle class will still be much poorer. Because, let's face it, there's just not that much silver and gold to go around for everybody. And the rich will stay rich on the other side because they can buy all the precious metals they want in one fell swoop. They can, they will, and they can do it the very last minute.
What changes? Nothing. The rich stays rich, the poor and middle class becomes super poor and Untouchables. They were better off with the original fiat currency, even as it depreciated decade after decade.
Nothing changes....And you're still a bunghole.
LOL.
ReplyDeleteGuilty as charged.
What is your excuse?
I don't invest in silver or gold because I enjoy having my savings stolen...
ReplyDeleteI truly do...
Makes me feel good, that the dollar I earned today, is worthless than the dollar I will spend tomorrow.
All my savings have been devalued, I deserve it too, because I enjoy having my LABOR DEVALUED, to help support the system which takes it from me in the first place.
Thank you government!!
Ps; Let's borrow more money to fund our expenditures, everyone knows the solution to being bankrupt...is to BORROW MORE!!
The only problem is the rich always-always get the guillotine, and the poor start over-not the rich they will all be dead. Mass hysteria always targets the odd man out.
ReplyDeleteLet me know how yelling "you're a bunghole" at the coming tsunmai works out. No metal bug thinks metal will solve the coming problem. It's just going to be the only high ground left. Sorry.
ReplyDeleteif golds such a safe haven, then why has gold dropped along with spy?
ReplyDelete@Anonymous,
ReplyDeleteGold is unmoved. The worthless, oscillating $US fiat that is used to price it has. But to get to the root of your question. For the last 20 years the CBs have been using paper derivatives to suppress gold price. Gold is the anti-fiat, the powers that be are doing everything they can to make the public averse to owning gold....as this author is.
- Anonymous II
Look for a severe decoupling of gold, real money, from other paper monies in the not too distant future.
@anon II, i follow that the price of gold is being manipulated lower, so then why does it fall in the times of crisis? that would indicate that gold is inflated in value rather than discounted.
ReplyDeletedont believe the hype, at best gold will enable you to maintain your patterns of consumption. thats not an investment. in times of crisis, no one wants a big ball of metal, they are selling that stuff. they are buying things like safety, food on the table, cheap shares of companies. for a really defensive position, be the guy who sells stuff to the gold horders. invest in farmland and water supplies. and/or invest in yourself by acquiring skill sets that are marketable in a variety of economies.
gold will just make you a more secure sheep. so you should plan to be the wolf. -anon1
You are a dick. That being said only idiots invest in gold and silver. Gold and silver are not investment vehicles but everyone should go all in on physical because when fiat collapses the psychical will still be worth something.
ReplyDeleteYes laddy. Gold and silver are stores of wealth. Nothing more.
Now to end where I started... You are a dick!
@Anon June 15...
ReplyDeleteSPY is down 6% from 1 month ago... gold is up 3%.
How has it dropped?
Gold is at near record highs... the SPY is near record highs.. not.. lets see SPY was 1550 (record high) in Oct 2007, today its at 1271.
Gold was about $800 in Oct 2007, today its at $1541.
OMG gold is going down with the SPY, its terrible. The correlation is 1.0, Beta is 1. R2 is 1.
Anon on June 17 is correct. No one wants a big ball of (rare) metal. Everyone prefers paper based notes of IOUs.
I mean you can't eat gold you know. But you CAN eat electronic share scrip and you CAN eat tasty green Federal Reserve Notes. They are nutritious. In fact the Zimbabwean dollar was so nutrious people stopped trading it and just used the Zim dollar for food! It was THAT good.
oh don't let the fiat price make you think they're isn't enough to go around remember when bread costed 5c? it could again. HEY YOU, YEAH YOU the paper pusher the destroyer of wealth the annihilator of prosperity the undying supporter of rape mode policy! I hope you eat dirt..
ReplyDeleteBuying gold and silver does not hasten the collapse of fiat. Money printing is what destroys fiat. Gold and silver are just life boats on a sinking ship. Nobody has the right to devalue the currency.NOBODY. A days work is predicated on the value of that currency. Therefore any devaluation of the currency is THEFT.
ReplyDeleteIt is true that everything is more expensive these days as a result of inflation. However, an important point to note is that some 20 years ago an engineer was making $30,000 average per year and that was considered good living. Now, engineers make an average of $80,000-90,000 per year. So what inflated prices there are out there, they are being buffered by increased wages.
ReplyDeleteOwn precious metals if you feel you need to and recommend some to your family and friends, but leave people alone and don't be a cancer.
@Beanie. You totally overlook the fact that we live in a Global Economy today. Wages are flat and will continue flat. While jobs move to China, India, Vietnam or any country offering lower wages/benefits, etc. So back to my point. Nobody has the right to devalue the currency. Not when a days work is predicated on its value.
ReplyDeleteThis is entertaining.
ReplyDeleteSuch a douche bag. Commentator above had it spot on when he said he enjoyed having his labor devalued. 100 years of productivity gains stolen through inflation. Food and gas are at record all time LOWS when measured in gold and silver.
ReplyDeleteYOU MAKE ME SICK. YOU ARE A DISGUSTING QUISLING. YOU DEFEND A CORRUPT MONSTROUS SYSTEM. Countless lives have been ruined already, yet you'd give your last dollar to save the Ponzi, and encourage others to do so too. YOU DISGUST ME!
Betting on hyperinflation is stupid. Gold and silver historically have the worst returns, and still does when you calculate how much the Dow has gone up the last 100 years. Add in the dividends? I don't even want to go there. People should focus on investing wisely rather than always calling for the destruction of America.
ReplyDeleteUmph, like always, things are not only black or white, in this case 'gold/silver yes/only (x)or no/never'.
ReplyDeleteIMHO a better approach is to estimate one's personal probability number of a global financial meltdown (of course this is in every case a very individual number) and invest accordingly in PM and as well food and water supplies etc.
With the rest of of your savings bucks you could go buy treasuries, shares, whatever you like.
couldn't agree more... at the end these gold/silver will just shorten your lifespan and what happens when you run out of bullets? Are those "precious" metals gonna save your ass? come on man once the wild herd is hungry they're like a freight train coming at you not even tank will save you... those gold/silver bugs remind me smeagols with their "precious, precious"
ReplyDeleteSounds like a little boy crying that someone is pissing in his sandbox. Keep crying, fiat boy.
ReplyDeleteSo, instead we just should accept that our money devalues, and quietly pay more than we have in income? ..so that your "wealth" dissolves slower?
ReplyDeleteCurrencies have come and gone, and life goes on even if modern economy won't.
And no, it's not like the PM will be stockpiled forever; just as the dollar wasn't stockpiled forever - people will use it to buy food once fiat would fail. One doesn't waste PM on food for as long as the promise-paper still can.
Fiat has a 100% failure rate. You could have known, simply by looking at history.
Anon said; "Gold and silver historically have the worst returns"
ReplyDeleteDuh. How much "return" does a pack of butter have? PM are money, not moneymaking items like stocks or bonds.
How much safety did a fiat-currency offer, compared to something that has a value from it's own?
Personally, I'd take the butter anytime over the promise of a politician or a banker :)
Gold is an asset class. It will go up and it will go down - just like every other asset class. Gold has performed extremely well over the last 10 years whereas pretty much all other asset classes have done poorly. There will be a time when all of this dust settles and gold will do poorly relative to stocks.
ReplyDeleteAnd the whining begins...
ReplyDeleteSorry lil pig with the straw house.
Guess you thought we were joking~
You don't 'bet' on hyperinflation. Hyperinflation comes from corrupt currency policy. Like using the printing press to fabricate unbacked currency to bail out Bankers @ the expense of the poor and middle class . Smarten up kid.
ReplyDelete'By loading up on precious metals, you and your army of gooddoers help cause prices to move higher and accelerate the destruction of the fiat currency.'
ReplyDeleteWe the speculators are just calling the Governments bluff. The world is mean place and I look out for myself and my family because no one else will. So I could choose to do nothing as you say or can try to set myself for the next 20 years because I was smarter the dim whit watching X factor and buying useless shit until they have no more free credit.
Additionally I think you have your cause and effect flipped buddy. It’s not the rise in the price of gold that's ruining the fiat currency it’s the politicians/Central Banks actions that are destroying it all. Along with a dim witted population that votes for the idiots in power. 90% of the population lives in state of bliss through its own ignorance on how the world really is.
I could say more but this dribble of blog does not warrant any more of my time.
BitCoin, Nizzo!!
ReplyDeleteAnybody that wants to sell their gold and silver I'll gladly buy it and give you cash. Mind you, a $1.00 is worth %0.75 today...
ReplyDeleteRight now I couldn't care less if it becomes worthless as long as it brings about real change. As in a government that taxes for what it wants to spend. It amazes me while they are bitching about the debt ceiling they are also talking bout cutting medicaid and corporate taxes. People who worked used to buy stuff not pay their bills after working all week and applying to the government to get some foodstamps and a doctor visit because there paycheck can't afford that.
ReplyDeleteIt seems all the gold and silver bugs want this country to fall apart so supposedly we can all start fresh and anew. ROFLMAO! They are stupid dreamers. Once we lose the reserve currency status, we're going back to third-world status for awhile. It simply can't be better if the dollar collapses. It can only get worst, and then we come back from hell as a new reserve currency (Chinese yuan) takes hold. Trust me, there won't be better days for Americans under the Chinese yuan reserve currency than what we have now.
ReplyDeleteI also think precious metals bugs are destructive cancers. They eat their own for a few gold coins, without realizing it will also be hell for them as well.
The fact is. You're wrong. Nobody wants a Dollar collapse. But that is the reality that comes from the printing of unbacked currency and deficit spending. Go ahead and blame gold if u like. But u look pretty stupid.
ReplyDeleteGold and Silver have been around for 1000's of years and favored as a medium for trade of goods and services. Thats what money is: a medium of trade. Fiat money originated out of the "paper notes" blacksmiths (who used to "store" everyones gold) gave customers. Originally, these notes represented the EXACT amount of gold that could be redeemed using said note if returned to the blacksmith. Eventually the blacksmith's realized people preferred trading the notes to lugging around gold and rarely did anyone actually take out there physical gold. So what did they do? Yep, they began printing notes that represented gold that didnt actually exist and using it to get real assets. Of course, eventually the scheme was uncovered and , well, we all can assume what the people did to the blacksmith....
ReplyDeleteThis essentially is the "scheme" of the central banking, fractional reserve lending system. To use fake money to indebt people and governments eventually creating as many situations as possible to used that debt (or interest made off that debt) to acquire real physical assets. THE SYSTEM IS NOT ONLY DOOMED TO FAIL, IT IS PURPOSELY DESIGNED TO!!! FOR HIGH AND LOW SWINGS (the so called "business cycle") TO GET EVERYONE OVEREXTENDED DURING THE "HIGHS" ONLY TO PULL THE RUG OUT PURPOSELY AND ACQUIRE REAL PHYSICAL ASSETS!!!
ReplyDeleteThe purpose I reccommend gold and silver (recommend not push) to loved ones is not as some anti Amercan agenda. Its as a safe place to protect your wealth, not a place to look for huge returns. Fiat money will always die. ALWAYS!! The battle for control of who issues "money" in America has been raging since the days of the revolution. People really need to educate themselves about REAL U.S. HISTORY
I just change the paper (means all not backed by real assets), which puppet governments created to steal my assets, back to real money, to protect my assets.
ReplyDeleteThis is gold/silver as it was for thousands of years. To keep the paper makes you a supporter of the guys who created a corrupt and enslaving system. I dont support that sorry, use primitive swear words as much as you want.
The american dream is only real if you dream or be completely brainwashed, which means asleep while walking.
Better a end with fear, than fear without end. Ignorant people made it possible that the system got perverted like it is now. And now they even protect it beacuse they need some big brother telling them what to do .... sad... wake up and stand up (at first for yourself).
did this have a purpose? is this what those 'great' investors think?
ReplyDeleteSounds like somebody's been losing a lot of money in the stock market.
ReplyDeleteI blame all money as evil. Paper money, debt money, gold money, silver money, cow, wife, child, sea shells. All evil.
ReplyDeleteMoney made me do it. Money made all the criminals do it. Money causes have and havenots. Money creates Envy. Envy leads to wars.
Let's ban money. Let's ban anything valuable that can be used as money. That way we will never have to deal with money, or people who have more money than us!
I love how the fact that spending money to buy gold is such a bad thing for the markets... You get what you want, crispy bizenjamins, and we get a block of metal. We pump savings into a cash starved economy, and are in turn happy with a metal that has no adverse affect on any industy, market, country, etc...
ReplyDeletewhy is this so bad again?
Isn't gold a barbaric relic that only fools buy? Now its gold buyers that are responsible for destroying the currency, and not the issuer of the currency who is debasing it? Fiat supporters contort logically endlessly rather than accepting the blame they deserve.
ReplyDeleteThe best part of this article is that the majority of the commenters are basically calling the author a conman and an jackass; oh, and a bunghole.
The fiat money system was designed to crash.
ReplyDeleteGold and Silver is the way to go when a group of globalists decided to crash it. Sooner or later they grab the assets of people who did not inform themselves about the system. Even if the globalists guys are stopped, inflation will do it, only slower.
Do your homework and if the system gives you a F for it, you will pass in real life!
To all the people who just get personal. The way you act is like the screaming of a spoiled kid who has no clue about whats going on but is ashamed of admit it and to proud to ask. Or just the classic: afraid of the truth.
gold and silver lead the way down again.
ReplyDeleteThose who do not know history are doomed to repeat it
ReplyDeleteAnd then who comes crying when they trusted the gov't and now have nothing?
ReplyDelete