FreedomUIC
Bronze Member
- #1
Thread Owner
Good for PMs - Bad For Us :(
- Thread starter FreedomUIC
- Start date
Marchas45
Bronze Member
- Joined
- Mar 22, 2009
- Messages
- 2,046
- Reaction score
- 381
- Golden Thread
- 0
- Location
- A Place In Heaven
- Detector(s) used
- Excalibur 1000, Garrett Scorpion.
- Primary Interest:
- All Treasure Hunting
Re: Good for PM's - Bad For Us 
I know what you mean, hopefully your stocking up as I see the PM's going up sooner than later.
Europe is going downhill and their buying gold and silver as are the Chinese.
http://kingworldnews.com/kingworldn...taggering_Gold_Demand_Creating_Shortages.html
I believe it's starting to hit the fan hope you haven't sold your stash like others have.
I know what you mean, hopefully your stocking up as I see the PM's going up sooner than later.
Europe is going downhill and their buying gold and silver as are the Chinese.
http://kingworldnews.com/kingworldn...taggering_Gold_Demand_Creating_Shortages.html
I believe it's starting to hit the fan hope you haven't sold your stash like others have.
FreedomUIC
Bronze Member
- #3
Thread Owner
Re: Good for PM's - Bad For Us
Nope, not enough to last for to many years but got enough. Also a little of the goldish color as well....
Marchas45 said:I know what you mean, hopefully your stocking up as I see the PM's going up sooner than later.
Europe is going downhill and their buying gold and silver as are the Chinese.
http://kingworldnews.com/kingworldn...taggering_Gold_Demand_Creating_Shortages.html
I believe it's starting to hit the fan hope you haven't sold your stash like others have.
Nope, not enough to last for to many years but got enough. Also a little of the goldish color as well....
jim4silver
Silver Member
Re: Good for PM's - Bad For Us
There really is no way to fix what has been created by all the massive debt in the Euro or here in my opinion. It seems the Euro will likely fall apart sooner than the dollar, and that will probably have a positive effect on the dollar for a while, but that does not change the fact that we still have around $16 Trillion in gov debt alone (which is going to go up soon), not to mention all the other government liabilities like medicare and social security, etc. If anyone thinks the politicians will vote to cut spending they will be wrong, because whatever they decide to cut will pi$$ off some voting block, whether it be old folks (medicare, social security), welfare folks (food stamps, ebt cards, other assorted freebies), etc. Will be interesting to see how things unfold over the next couple of years.
I cannot predict how the Euro situation will unfold, but I believe here they will keep printing (quantitative easing) as long as they can. Maybe they can stretch it out until the gov debt hits $20 Trillion, $30 Trillion, $40 Trillion? But that simply cannot go on forever without destroying the dollar's buying power.
The gov debt went from $10 Trillion to $16 Trillion in just the past 4 years (60% increase). If we were to grow by that same percentage in another 4 years we will be at $26 Trillion or so by 2016.
Just my opinion.
Jim
There really is no way to fix what has been created by all the massive debt in the Euro or here in my opinion. It seems the Euro will likely fall apart sooner than the dollar, and that will probably have a positive effect on the dollar for a while, but that does not change the fact that we still have around $16 Trillion in gov debt alone (which is going to go up soon), not to mention all the other government liabilities like medicare and social security, etc. If anyone thinks the politicians will vote to cut spending they will be wrong, because whatever they decide to cut will pi$$ off some voting block, whether it be old folks (medicare, social security), welfare folks (food stamps, ebt cards, other assorted freebies), etc. Will be interesting to see how things unfold over the next couple of years.
I cannot predict how the Euro situation will unfold, but I believe here they will keep printing (quantitative easing) as long as they can. Maybe they can stretch it out until the gov debt hits $20 Trillion, $30 Trillion, $40 Trillion? But that simply cannot go on forever without destroying the dollar's buying power.
The gov debt went from $10 Trillion to $16 Trillion in just the past 4 years (60% increase). If we were to grow by that same percentage in another 4 years we will be at $26 Trillion or so by 2016.
Just my opinion.
Jim
Cleetus
Full Member
- Joined
- Oct 24, 2011
- Messages
- 189
- Reaction score
- 14
- Golden Thread
- 0
- Location
- Salt Lake City, Ut.
- Detector(s) used
- Fisher Gold Bug Pro
- Primary Interest:
- Metal Detecting
Re: Good for PM's - Bad For Us
There is no way for the U.S to pay a 17 Trillion dollar debt, either, it just can't be done on a 2 trillion dollar a year income from taxes. We're Scr##wed. They have one option, and only one: Devalue greatly the U.S. (Print Fake money) so we have many more diluted dollars to pay back a loan with. This means only 1 thing for PMs, they become worth more.... i.e. it takes a heck of a lot more weak dollars to buy them. Gold and Silver are the safe bet on the long term.......Cash and stocks, are the Risky investments
There is no way for the U.S to pay a 17 Trillion dollar debt, either, it just can't be done on a 2 trillion dollar a year income from taxes. We're Scr##wed. They have one option, and only one: Devalue greatly the U.S. (Print Fake money) so we have many more diluted dollars to pay back a loan with. This means only 1 thing for PMs, they become worth more.... i.e. it takes a heck of a lot more weak dollars to buy them. Gold and Silver are the safe bet on the long term.......Cash and stocks, are the Risky investments
jim4silver
Silver Member
Re: Good for PM's - Bad For Us
I agree 100%. But one view often put forth by some of the pundits is that as the dollar gets more inflated and interest rates stay low, more of those freshly printed dollars will go into stocks so the market will go up in nominal terms. I don't necessarily believe that is going to happen though, at least not long term. I personally don't own any stocks and don't plan to buy any for now.
I think most commodities will go up in price, from oil to agriculture as well.
Jim
Cleetus said:
I agree 100%. But one view often put forth by some of the pundits is that as the dollar gets more inflated and interest rates stay low, more of those freshly printed dollars will go into stocks so the market will go up in nominal terms. I don't necessarily believe that is going to happen though, at least not long term. I personally don't own any stocks and don't plan to buy any for now.
I think most commodities will go up in price, from oil to agriculture as well.
Jim
Top Member Reactions
-
2369 -
1787 -
1415 -
1220 -
1152 -
1121 -
979 -
819 -
808 -
658 -
589 -
576 -
539 -
526 -
512
Similar threads
