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Interesting News/Article From Dinar Daddy
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Interesting News/Article From Dinar Daddy
by jumiss Wed Sep 28, 2011 8:51 pm
if everyone is counting on inflation to move the R/V, then this may NOT be good news:
GOLD AND SILVER NEAR FREE FALL
Something has changed in the markets the last two weeks. In the months before September, gold and silver were inverse of the stock market. As the stock market fell, gold and silver rose. Suddenly, this month this inverse relationship ceased. Now, when the stock market falls, gold and silver are falling.
This is a tip off that deflation is winning the war with inflation as we move forward. Here are the facts supporting deflation that cannot be disputed:
1. Growing unemployment (16.9% and rising)
2. No bank lending (money not being lent into existence)
3. Contraction of M3 money supply due to destruction of wealth
4. Real Estate deleveraging
5. Baby boomers saving not spending
6. Loan defaults soaring
7. Oil prices falling
8. US Dollar rising in value .78 and up.
All of these virtually guarantee deflation is where we are heading. The evidence is now overwhelming and it will become more clear as the gold and silver bubbles begin to break and the world moves into
the US Dollar as a safe haven.
We should see wild swings in the markets for the next several months as news stories cause the super trading computers to overreact to every news release. We will most likely see several small bear rallies over the next few months until Europe finally falls apart and the market begins a massive move downward. By the summer of 2012, I would not be surprised to see the DOW fall to 5500 and gold fall to $500.
Those who protect themselves now with US dollars sitting on the sidelines will weather the storm and actually gain in value as the dollar soars in value. I have been unable to find any reliable source that can verify the world no longer wants the US Dollar as the reserve currency. My contacts in Europe and Asia all confirm the US Dollar is their currency of first choice. So this rumor of a dollar debasement is simply rumor. Most likely, those involved in the sale of gold and silver are the very same sources of this false rumor.
These metals dealers have spend millions peddling gold and silver on television and financial magazines. Now think about this, if gold and silver were the safe haven, why would these companies be so desperate to sell the metals for US dollars? Think about that question for a moment.
Does it mean they do not believe their own advertising? Why are they so desperate for these worthless dollars in exchange for their metals? I think if you follow the money, you will have your answer. They are making a killing and placing the risk in the hands of their buyers. But those holding gold and silver ETF’s are at higher risk. They are holding paper gold that may not be backed by an equal amount of physical gold. They are holding derivatives. As gold and silver crash, these folks will get wiped out!
In my opinion, the place to be is in cash, or US guaranteed treasuries. The rate of return is not important. Capital preservation is most important. Stock mutual funds, most stocks, gold and silver are dangerous to be holding in my opinion. My parents are both in their 80′s and I told them to get out of all stocks and get into cash, or cash equivalent safe instruments like Treasuries. Now is not the time to be looking for return.
Posted by Ask Kevin at 1:27 PM
GOLD AND SILVER NEAR FREE FALL
Something has changed in the markets the last two weeks. In the months before September, gold and silver were inverse of the stock market. As the stock market fell, gold and silver rose. Suddenly, this month this inverse relationship ceased. Now, when the stock market falls, gold and silver are falling.
This is a tip off that deflation is winning the war with inflation as we move forward. Here are the facts supporting deflation that cannot be disputed:
1. Growing unemployment (16.9% and rising)
2. No bank lending (money not being lent into existence)
3. Contraction of M3 money supply due to destruction of wealth
4. Real Estate deleveraging
5. Baby boomers saving not spending
6. Loan defaults soaring
7. Oil prices falling
8. US Dollar rising in value .78 and up.
All of these virtually guarantee deflation is where we are heading. The evidence is now overwhelming and it will become more clear as the gold and silver bubbles begin to break and the world moves into
the US Dollar as a safe haven.
We should see wild swings in the markets for the next several months as news stories cause the super trading computers to overreact to every news release. We will most likely see several small bear rallies over the next few months until Europe finally falls apart and the market begins a massive move downward. By the summer of 2012, I would not be surprised to see the DOW fall to 5500 and gold fall to $500.
Those who protect themselves now with US dollars sitting on the sidelines will weather the storm and actually gain in value as the dollar soars in value. I have been unable to find any reliable source that can verify the world no longer wants the US Dollar as the reserve currency. My contacts in Europe and Asia all confirm the US Dollar is their currency of first choice. So this rumor of a dollar debasement is simply rumor. Most likely, those involved in the sale of gold and silver are the very same sources of this false rumor.
These metals dealers have spend millions peddling gold and silver on television and financial magazines. Now think about this, if gold and silver were the safe haven, why would these companies be so desperate to sell the metals for US dollars? Think about that question for a moment.
Does it mean they do not believe their own advertising? Why are they so desperate for these worthless dollars in exchange for their metals? I think if you follow the money, you will have your answer. They are making a killing and placing the risk in the hands of their buyers. But those holding gold and silver ETF’s are at higher risk. They are holding paper gold that may not be backed by an equal amount of physical gold. They are holding derivatives. As gold and silver crash, these folks will get wiped out!
In my opinion, the place to be is in cash, or US guaranteed treasuries. The rate of return is not important. Capital preservation is most important. Stock mutual funds, most stocks, gold and silver are dangerous to be holding in my opinion. My parents are both in their 80′s and I told them to get out of all stocks and get into cash, or cash equivalent safe instruments like Treasuries. Now is not the time to be looking for return.
Posted by Ask Kevin at 1:27 PM
jumiss- Active Member
- Posts : 75
Join date : 2011-08-19
Re: Interesting News/Article From Dinar Daddy
by rick152 Wed Sep 28, 2011 9:52 pm
I have been saying for several months not to get into gold and silver I too believe gold could and probably will fall to somewhere 1000 and 500 dollars. The dollar will rise but I do not expect the dollar to stay, and I do expect gold and silver to rise again to even hiogher than the inflated rates we see today. Look for 16 to 18 months for this all to come full circle...rick152
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Re: Interesting News/Article From Dinar Daddy
by jumiss Wed Sep 28, 2011 9:57 pm
rick152 wrote:I have been saying for several months not to get into gold and silver I too believe gold could and probably will fall to somewhere 1000 and 500 dollars. The dollar will rise but I do not expect the dollar to stay, and I do expect gold and silver to rise again to even hiogher than the inflated rates we see today. Look for 16 to 18 months for this all to come full circle...rick152
I think that you are correct...
jumiss- Active Member
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Join date : 2011-08-19
Re: Interesting News/Article From Dinar Daddy
by Najm93 Wed Sep 28, 2011 10:00 pm
Rick....I remember when gold was $984!!!! It was less than 4 years ago..... I believe gold will provide a strong bull market after the dust settles but for now shorting it seems like the way to go for at least another month or so..... Regardless, if you hold the metal instead of the PAPER you still end up in the black when it rebounds by selling it at spot.... Silver might have more room to grow IMO....
Najm93- Elite Member
- Posts : 249
Join date : 2011-08-30
Re: Interesting News/Article From Dinar Daddy
by happywelshguy Wed Sep 28, 2011 10:20 pm
I believe that the comments within this post, are generally accurate, to what I believe may occur..
May I enquire as to your professional credentials?
Thank You.
May I enquire as to your professional credentials?
Thank You.
jumiss wrote:if everyone is counting on inflation to move the R/V, then this may NOT be good news:
GOLD AND SILVER NEAR FREE FALL
Something has changed in the markets the last two weeks. In the months before September, gold and silver were inverse of the stock market. As the stock market fell, gold and silver rose. Suddenly, this month this inverse relationship ceased. Now, when the stock market falls, gold and silver are falling.
This is a tip off that deflation is winning the war with inflation as we move forward. Here are the facts supporting deflation that cannot be disputed:
1. Growing unemployment (16.9% and rising)
2. No bank lending (money not being lent into existence)
3. Contraction of M3 money supply due to destruction of wealth
4. Real Estate deleveraging
5. Baby boomers saving not spending
6. Loan defaults soaring
7. Oil prices falling
8. US Dollar rising in value .78 and up.
All of these virtually guarantee deflation is where we are heading. The evidence is now overwhelming and it will become more clear as the gold and silver bubbles begin to break and the world moves into
the US Dollar as a safe haven.
We should see wild swings in the markets for the next several months as news stories cause the super trading computers to overreact to every news release. We will most likely see several small bear rallies over the next few months until Europe finally falls apart and the market begins a massive move downward. By the summer of 2012, I would not be surprised to see the DOW fall to 5500 and gold fall to $500.
Those who protect themselves now with US dollars sitting on the sidelines will weather the storm and actually gain in value as the dollar soars in value. I have been unable to find any reliable source that can verify the world no longer wants the US Dollar as the reserve currency. My contacts in Europe and Asia all confirm the US Dollar is their currency of first choice. So this rumor of a dollar debasement is simply rumor. Most likely, those involved in the sale of gold and silver are the very same sources of this false rumor.
These metals dealers have spend millions peddling gold and silver on television and financial magazines. Now think about this, if gold and silver were the safe haven, why would these companies be so desperate to sell the metals for US dollars? Think about that question for a moment.
Does it mean they do not believe their own advertising? Why are they so desperate for these worthless dollars in exchange for their metals? I think if you follow the money, you will have your answer. They are making a killing and placing the risk in the hands of their buyers. But those holding gold and silver ETF’s are at higher risk. They are holding paper gold that may not be backed by an equal amount of physical gold. They are holding derivatives. As gold and silver crash, these folks will get wiped out!
In my opinion, the place to be is in cash, or US guaranteed treasuries. The rate of return is not important. Capital preservation is most important. Stock mutual funds, most stocks, gold and silver are dangerous to be holding in my opinion. My parents are both in their 80′s and I told them to get out of all stocks and get into cash, or cash equivalent safe instruments like Treasuries. Now is not the time to be looking for return.
Posted by Ask Kevin at 1:27 PM
happywelshguy- Elite Member
- Posts : 774
Join date : 2011-06-18
Re: Interesting News/Article From Dinar Daddy
by happywelshguy Wed Sep 28, 2011 10:30 pm
Do you expect Silver to outperform Goldin the future?
I expect that it will, based upon the fact, that there are
"Little To No Silver Reserves," and Silver is required
for many more applications that Gold.
I expect that it will, based upon the fact, that there are
"Little To No Silver Reserves," and Silver is required
for many more applications that Gold.
rick152 wrote:I have been saying for several months not to get into gold and silver I too believe gold could and probably will fall to somewhere 1000 and 500 dollars. The dollar will rise but I do not expect the dollar to stay, and I do expect gold and silver to rise again to even hiogher than the inflated rates we see today. Look for 16 to 18 months for this all to come full circle...rick152
happywelshguy- Elite Member
- Posts : 774
Join date : 2011-06-18
Re: Interesting News/Article From Dinar Daddy
by sandyf Wed Sep 28, 2011 11:04 pm
[quote="happywelshguy"]Do you expect Silver to outperform Goldin the future?
I expect that it will, based upon the fact, that there are
"Little To No Silver Reserves," and Silver is required
for many more applications that Gold.
It has been reported this week that a salvage company has found £132 million worth off the coast of Ireland. Sunk during WW2
I expect that it will, based upon the fact, that there are
"Little To No Silver Reserves," and Silver is required
for many more applications that Gold.
It has been reported this week that a salvage company has found £132 million worth off the coast of Ireland. Sunk during WW2
sandyf- New Member
- Posts : 22
Join date : 2011-06-19
Re: Interesting News/Article From Dinar Daddy
by Najm93 Wed Sep 28, 2011 11:07 pm
I think silver WILL out preform gold in the short run due to the growth potential....But gold will always be a hedge against inflation....That is until the natives from Planet NASARA return to enslave us all!!!!! 
Just kidding I couldn't resist!!!!!
Just kidding I couldn't resist!!!!!
Najm93- Elite Member
- Posts : 249
Join date : 2011-08-30
Re: Interesting News/Article From Dinar Daddy
by therealbutterfly Thu Sep 29, 2011 6:04 am
HappyWelshguy, This post was from dinardaddy's site, Maybe go there and ask about the author.
happywelshguy wrote:I believe that the comments within this post, are generally accurate, to what I believe may occur..
May I enquire as to your professional credentials?
Thank You.jumiss wrote:if everyone is counting on inflation to move the R/V, then this may NOT be good news:
GOLD AND SILVER NEAR FREE FALL
Something has changed in the markets the last two weeks. In the months before September, gold and silver were inverse of the stock market. As the stock market fell, gold and silver rose. Suddenly, this month this inverse relationship ceased. Now, when the stock market falls, gold and silver are falling.
This is a tip off that deflation is winning the war with inflation as we move forward. Here are the facts supporting deflation that cannot be disputed:
1. Growing unemployment (16.9% and rising)
2. No bank lending (money not being lent into existence)
3. Contraction of M3 money supply due to destruction of wealth
4. Real Estate deleveraging
5. Baby boomers saving not spending
6. Loan defaults soaring
7. Oil prices falling
8. US Dollar rising in value .78 and up.
All of these virtually guarantee deflation is where we are heading. The evidence is now overwhelming and it will become more clear as the gold and silver bubbles begin to break and the world moves into
the US Dollar as a safe haven.
We should see wild swings in the markets for the next several months as news stories cause the super trading computers to overreact to every news release. We will most likely see several small bear rallies over the next few months until Europe finally falls apart and the market begins a massive move downward. By the summer of 2012, I would not be surprised to see the DOW fall to 5500 and gold fall to $500.
Those who protect themselves now with US dollars sitting on the sidelines will weather the storm and actually gain in value as the dollar soars in value. I have been unable to find any reliable source that can verify the world no longer wants the US Dollar as the reserve currency. My contacts in Europe and Asia all confirm the US Dollar is their currency of first choice. So this rumor of a dollar debasement is simply rumor. Most likely, those involved in the sale of gold and silver are the very same sources of this false rumor.
These metals dealers have spend millions peddling gold and silver on television and financial magazines. Now think about this, if gold and silver were the safe haven, why would these companies be so desperate to sell the metals for US dollars? Think about that question for a moment.
Does it mean they do not believe their own advertising? Why are they so desperate for these worthless dollars in exchange for their metals? I think if you follow the money, you will have your answer. They are making a killing and placing the risk in the hands of their buyers. But those holding gold and silver ETF’s are at higher risk. They are holding paper gold that may not be backed by an equal amount of physical gold. They are holding derivatives. As gold and silver crash, these folks will get wiped out!
In my opinion, the place to be is in cash, or US guaranteed treasuries. The rate of return is not important. Capital preservation is most important. Stock mutual funds, most stocks, gold and silver are dangerous to be holding in my opinion. My parents are both in their 80′s and I told them to get out of all stocks and get into cash, or cash equivalent safe instruments like Treasuries. Now is not the time to be looking for return.
Posted by Ask Kevin at 1:27 PM
therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02
I thought Shabibi was the one concerned with inflation?
by phantomssecret Thu Sep 29, 2011 6:26 am
Wasn't the inflation in Iraq the issue, not inflation in the US?
We are waiting for the IQD to revalue, not the USD, right?
Shabiibi is the one worrying about inflation, unemployment, all the financial balances
for a healthy Iraq. I don't recall him ever saying in a speech that he had a care for what
happened here.
Trying to say that the USD is recovering is tied to the Gold and Silver values, however,
I don't remember ever hearing anyone say that the rising cost of Gold and Silver was the
biggest factor for the Iraqi Dinar to revalue.
We are waiting for the IQD to revalue, not the USD, right?
Shabiibi is the one worrying about inflation, unemployment, all the financial balances
for a healthy Iraq. I don't recall him ever saying in a speech that he had a care for what
happened here.
Trying to say that the USD is recovering is tied to the Gold and Silver values, however,
I don't remember ever hearing anyone say that the rising cost of Gold and Silver was the
biggest factor for the Iraqi Dinar to revalue.
phantomssecret- Elite Member
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Join date : 2011-06-18
Age : 62
Location : West Coast USA
Re: Interesting News/Article From Dinar Daddy
by Guest Thu Sep 29, 2011 6:36 am
well the old saying is buy low sell high. In my opinion summer 2012 is not the date, more like March 2012, gold will hit $375 to $425, where I purchased about 20 years ago waiting for this time. Gold and Silver like the Dinar is long term and one must treat it that way. The dollar is the safe haven in the eyes of the money changers, but them like the smart small investor, will buy up the gold when the price hits bottom, like when gold hit $1900 they sold, its all in the game they play. So as an investor, get on the wave and ride it as they do. Oil will hit $42 a barrel, the dollar $1.20+, gas at $1.25, gold back to $375 and silver at $4.25. We will see our RI soon and this year, maybe after October 31st, 2011, when the dollar is stronger and the rate of the dinar is at 3.337, until then there will be no RV. Remember, its all rumor until its happens, the thing is, we were warned this was going to happen and now it is coming into existence. Just watch the markets, the hot money is being played as we speak. we will see spikes in the markets and then lows, spikes and then lows, until the bottom hits, just like what happened with the kuwait revalue. Its the only way fiat money can exist. And now the markets are being manipulated by the world players. Who's next, America? When gold will hit $4000 to $5000, just maybe, it will take a bigger country than iraq, only time will tell. Ugly truths. The only people who suffer is the poor and middle class. Remember, "buy low and sell high". Thats how it all works.
What I see coming next is the bottom of the housing market and it coming alive for buying low and selling high for short term capital gains in the summer to fall of 2012. But, some say that bottom is not for 5 more years, again only time will tell. The problem is qualified buyers, so one will most likely be the lender as well. Does lease option to buy come to mind? Watch what our government does with the lending laws in the next few years. My thought is they will loosen them up again, but not quite as loose as the last decade. Lenders are now dumping homes on the market at all time lows trying to get rid of their inventories, but there is no money out there to speak of. Does the dinarian come to mind at this point? Yep, thats right, we are here to save the day. What a vicious circle man weaves.
What I see coming next is the bottom of the housing market and it coming alive for buying low and selling high for short term capital gains in the summer to fall of 2012. But, some say that bottom is not for 5 more years, again only time will tell. The problem is qualified buyers, so one will most likely be the lender as well. Does lease option to buy come to mind? Watch what our government does with the lending laws in the next few years. My thought is they will loosen them up again, but not quite as loose as the last decade. Lenders are now dumping homes on the market at all time lows trying to get rid of their inventories, but there is no money out there to speak of. Does the dinarian come to mind at this point? Yep, thats right, we are here to save the day. What a vicious circle man weaves.
Last edited by AJAnderson on Thu Sep 29, 2011 7:38 am; edited 7 times in total
Guest- Guest
phantomssecret- Elite Member
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Age : 62
Location : West Coast USA
Re: Interesting News/Article From Dinar Daddy
by katydid Thu Sep 29, 2011 8:00 am
All of you have made some very accurate responses. I too agree----Iraq is the issue not USA----we knew this was going to happen to us when you have aliens (gov) spending us into oblivia --without reguard for an already plummeting market---what do you think??? I too will wait for the gold and silver to go to rock bottom then buy, buy, buy and pray, pray, pray that the aliens (gov) dont try to take it from me!!!! 
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Join date : 2011-06-18
Silver and Gold
by RoseRedTyler Thu Sep 29, 2011 8:07 am
Ever since O started getting close to being elected, and then definately after, I have advise "ALL" to have a supply of silver and Gold. In easily exchangable sizes. This is not for investment...it is for survival...Although I hope with all my heart things will not come to this, but if things bottom out, gold and silver will be our only option. Silver to spend, gold, to bank, and exchange for silver when need more to spend. I HOPE IT NEVER COMES TO THIS..but I have had a fear of this administration from the beginnig..and my dinars will buy a place in the country and make myself and family as self-sufficient as can be, That is a good goal anyway, our children need to more self-sufficinet, tech-deprived.
Just my 2cents,
RoseRedTyler- Active Member
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Location : Tyler, Texas
Re: Interesting News/Article From Dinar Daddy
by Guest Thu Sep 29, 2011 8:16 am
RoseRedTyler wrote:
Although I hope with all my heart things will not come to this, but if things bottom out, gold and silver will be our only option. Silver to spend, gold, to bank, and exchange for silver when need more to spend. I HOPE IT NEVER COMES TO THIS..but I have had a fear of this administration from the beginnig..and my dinars will buy a place in the country and make myself and family as self-sufficient as can be, That is a good l anyway, our children need to more self-sufficinet, tech-deprived.
Just my 2cents,
you are exactly right for some day, this will happen when gold is at the $4000 to $5000 range and the USA colapes. It will only take a little gold and silver to accomplish this. The real value at this point will be in food and seed.
Guest- Guest
Re: Interesting News/Article From Dinar Daddy
by Guest Thu Sep 29, 2011 8:29 am
katydid wrote:All of you have made some very accurate responses. I too agree----Iraq is the issue not USA----we knew this was going to happen to us when you have aliens (gov) spending us into oblivia --without reguard for an already plummeting market---what do you think??? I too will wait for the gold and silver to go to rock bottom then buy, buy, buy and pray, pray, pray that the aliens (gov) dont try to take it from me!!!!
taking the gold away is always a possiblity, it was tried once back in the 30's, but if one really took the time to read that law, it did not apply in the states, so if one gave it up it was voluntary.
Guest- Guest
Re: Interesting News/Article From Dinar Daddy
by Guest Thu Sep 29, 2011 8:32 am
Najm93 wrote:I think silver WILL out preform gold in the short run due to the growth potential....But gold will always be a hedge against inflation....That is until the natives from Planet NASARA return to enslave us all!!!!!
Ok, thats funny.
Guest- Guest
Re: Interesting News/Article From Dinar Daddy
by happywelshguy Thu Sep 29, 2011 2:35 pm
Thank You
therealbutterfly wrote:
HappyWelshguy, This post was from dinardaddy's site, Maybe go there and ask about the author.happywelshguy wrote:I believe that the comments within this post, are generally accurate, to what I believe may occur..
May I enquire as to your professional credentials?
Thank You.jumiss wrote:if everyone is counting on inflation to move the R/V, then this may NOT be good news:
GOLD AND SILVER NEAR FREE FALL
Something has changed in the markets the last two weeks. In the months before September, gold and silver were inverse of the stock market. As the stock market fell, gold and silver rose. Suddenly, this month this inverse relationship ceased. Now, when the stock market falls, gold and silver are falling.
This is a tip off that deflation is winning the war with inflation as we move forward. Here are the facts supporting deflation that cannot be disputed:
1. Growing unemployment (16.9% and rising)
2. No bank lending (money not being lent into existence)
3. Contraction of M3 money supply due to destruction of wealth
4. Real Estate deleveraging
5. Baby boomers saving not spending
6. Loan defaults soaring
7. Oil prices falling
8. US Dollar rising in value .78 and up.
All of these virtually guarantee deflation is where we are heading. The evidence is now overwhelming and it will become more clear as the gold and silver bubbles begin to break and the world moves into
the US Dollar as a safe haven.
We should see wild swings in the markets for the next several months as news stories cause the super trading computers to overreact to every news release. We will most likely see several small bear rallies over the next few months until Europe finally falls apart and the market begins a massive move downward. By the summer of 2012, I would not be surprised to see the DOW fall to 5500 and gold fall to $500.
Those who protect themselves now with US dollars sitting on the sidelines will weather the storm and actually gain in value as the dollar soars in value. I have been unable to find any reliable source that can verify the world no longer wants the US Dollar as the reserve currency. My contacts in Europe and Asia all confirm the US Dollar is their currency of first choice. So this rumor of a dollar debasement is simply rumor. Most likely, those involved in the sale of gold and silver are the very same sources of this false rumor.
These metals dealers have spend millions peddling gold and silver on television and financial magazines. Now think about this, if gold and silver were the safe haven, why would these companies be so desperate to sell the metals for US dollars? Think about that question for a moment.
Does it mean they do not believe their own advertising? Why are they so desperate for these worthless dollars in exchange for their metals? I think if you follow the money, you will have your answer. They are making a killing and placing the risk in the hands of their buyers. But those holding gold and silver ETF’s are at higher risk. They are holding paper gold that may not be backed by an equal amount of physical gold. They are holding derivatives. As gold and silver crash, these folks will get wiped out!
In my opinion, the place to be is in cash, or US guaranteed treasuries. The rate of return is not important. Capital preservation is most important. Stock mutual funds, most stocks, gold and silver are dangerous to be holding in my opinion. My parents are both in their 80′s and I told them to get out of all stocks and get into cash, or cash equivalent safe instruments like Treasuries. Now is not the time to be looking for return.
Posted by Ask Kevin at 1:27 PM
happywelshguy- Elite Member
- Posts : 774
Join date : 2011-06-18
Re: Interesting News/Article From Dinar Daddy
by happywelshguy Thu Sep 29, 2011 3:13 pm
Thank You
therealbutterfly wrote:
HappyWelshguy, This post was from dinardaddy's site, Maybe go there and ask about the author.happywelshguy wrote:I believe that the comments within this post, are generally accurate, to what I believe may occur..
May I enquire as to your professional credentials?
Thank You.jumiss wrote:if everyone is counting on inflation to move the R/V, then this may NOT be good news:
GOLD AND SILVER NEAR FREE FALL
Something has changed in the markets the last two weeks. In the months before September, gold and silver were inverse of the stock market. As the stock market fell, gold and silver rose. Suddenly, this month this inverse relationship ceased. Now, when the stock market falls, gold and silver are falling.
This is a tip off that deflation is winning the war with inflation as we move forward. Here are the facts supporting deflation that cannot be disputed:
1. Growing unemployment (16.9% and rising)
2. No bank lending (money not being lent into existence)
3. Contraction of M3 money supply due to destruction of wealth
4. Real Estate deleveraging
5. Baby boomers saving not spending
6. Loan defaults soaring
7. Oil prices falling
8. US Dollar rising in value .78 and up.
All of these virtually guarantee deflation is where we are heading. The evidence is now overwhelming and it will become more clear as the gold and silver bubbles begin to break and the world moves into
the US Dollar as a safe haven.
We should see wild swings in the markets for the next several months as news stories cause the super trading computers to overreact to every news release. We will most likely see several small bear rallies over the next few months until Europe finally falls apart and the market begins a massive move downward. By the summer of 2012, I would not be surprised to see the DOW fall to 5500 and gold fall to $500.
Those who protect themselves now with US dollars sitting on the sidelines will weather the storm and actually gain in value as the dollar soars in value. I have been unable to find any reliable source that can verify the world no longer wants the US Dollar as the reserve currency. My contacts in Europe and Asia all confirm the US Dollar is their currency of first choice. So this rumor of a dollar debasement is simply rumor. Most likely, those involved in the sale of gold and silver are the very same sources of this false rumor.
These metals dealers have spend millions peddling gold and silver on television and financial magazines. Now think about this, if gold and silver were the safe haven, why would these companies be so desperate to sell the metals for US dollars? Think about that question for a moment.
Does it mean they do not believe their own advertising? Why are they so desperate for these worthless dollars in exchange for their metals? I think if you follow the money, you will have your answer. They are making a killing and placing the risk in the hands of their buyers. But those holding gold and silver ETF’s are at higher risk. They are holding paper gold that may not be backed by an equal amount of physical gold. They are holding derivatives. As gold and silver crash, these folks will get wiped out!
In my opinion, the place to be is in cash, or US guaranteed treasuries. The rate of return is not important. Capital preservation is most important. Stock mutual funds, most stocks, gold and silver are dangerous to be holding in my opinion. My parents are both in their 80′s and I told them to get out of all stocks and get into cash, or cash equivalent safe instruments like Treasuries. Now is not the time to be looking for return.
Posted by Ask Kevin at 1:27 PM
happywelshguy- Elite Member
- Posts : 774
Join date : 2011-06-18
comment on dd site
by Jayzze Thu Sep 29, 2011 3:22 pm
this article holds more credence then most of the bs we are being fed time to step back and wait for hcl erbil 3 min and we are set only one big thing in the way of recieving our blessing maliki
Jayzze- VIP Member
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Join date : 2011-06-23
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