Wednesday, June 15, 2011

You're Still A Bunghole For Loading Up On Gold & Silver; $GLD, $SLV, $PSLV


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, 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.

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