| | | Page 1, 2 | How well will one be off being 100% gold
| Anonymous Coward
User ID: 19319
7/4/2008 9:20 AM | | Re: How well will one be off being 100% gold | Quote |
Everyone needs at least some Gold and Silver... Protect yourself.. If the banks go broke[and don't think it can't happen] You will need something of value... |
| Anonymous Coward
User ID: 368888
7/4/2008 1:01 PM | | Re: How well will one be off being 100% gold | Quote |
I have heard this several times......Sometime within a year, They are going to devalue the dollar... They are going to drop one zero and you will have to turn in all your cash at 10 cents on the dollar.... Now.... If this happens this is my question...... What would gold and silver do? Will they drop a zero there too?
If you have 100k in your 401k ...after the devaluation you will only have 10k.... It is coming don't doubt it... Now...What would gold do? Quoting: Anonymous Coward 21201
If you have $100,000 in your 401k and owe $100,000 on your mortgage and you earn $4,000/month in your paycheck...
If everything drops a zero after the devaluation...
You would have $10,000 in your 401k, owe $10,000 on your mortgage and earn $400/month in your paycheck....
Right?
Gold instead of being worth $1,000 an ounce will be worth $100 an ounce.
Doesn't seem like it would hurt us if this happens. Except, foreigners would be able to buy us up easier. (Buying stocks, buying actual companies, etc). |
| Anonymous Coward
User ID: 85422 (OP)
7/5/2008 2:16 AM | | Re: How well will one be off being 100% gold | Quote |
Lots of negativity about metals. This is very good. She has a long way to go yet. Quoting: Anonymous Coward 837
Yup you can sure tell that a lot exhibit resentment over metals, but for so long they have had a bad rap. The metals will soon be vindicated when big/smart money moves into it and many will have missed that train in the paradigm shift of wealth. For me a gold coin is something that can't burn like PAPER with a promise to pay in faith what they owe you. Gold is REAL WEALTH and has been for 1000's of years . It what it is and that paper we use to exchange for goods/services is just a NOTE that is backed by 9.2 trillion of debt that can never be paid and nothing of REAL VALUE. Yea I'll take gold over any 401k,IRA treasury,bond you name it, cause in the end you will be left holding the bag after you have been fleeced by design. And oh yea silver is nice but you need quite a bit of it to equal 1 gold coin. So yea I'd rather carry 10 gold coins than a 50lb box of silver. So go ahead and snicker and we shall soon see what one does with 100% REAL WEALTH vs BURNING PAPER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
| Dervish
User ID: 442491
7/5/2008 6:18 PM
 | | Re: How well will one be off being 100% gold | Quote |
LOL, op...
60/40 pm and cash. trying for 75/25..
Cash is 50% forex.
I do not recommend doing the above unless you have sufficient cash flow to make ends meet come bill time.
"Blood and destruction shall be so in use
And dreadful objects so familiar
That mothers shall but smile when they behold
Their infants quarter'd with the hands of war"
----------------
When you're wounded and left on Afghanistan's plains, and the women come out to cut up what remains, jest roll to your rifle and blow out your brains and go to your gawd like a soldier.
Rudyard Kipling |
| Anonymous Coward
User ID: 271280
7/5/2008 6:34 PM | | Re: How well will one be off being 100% gold | Quote |
I'm in 80% PM's 20% cash / 80% Silver 20% Gold.
 |
| Anonymous Coward
User ID: 460983
7/5/2008 6:46 PM | | Re: How well will one be off being 100% gold | Quote |
Why let the banks hold your money when you can buy something of value that has some worth? Google fractional reserve and see how it's used against us. |
| Underground_Dude
User ID: 418661
7/5/2008 7:44 PM | | Re: How well will one be off being 100% gold | Quote |
Howdy OP:
We have gold mined it ourselves while blasting the indoor range. We have silver in the form of old coins we also have cash in different currencies but the thing that I think will help most is we produce tangible goods.
There are several thing that we produce in excess of what we consume. Fish is one my aquaponics greenhouse produces Rainbow trout and Salmon as well as veggies. I produce an excess of feed grains that I trade for bovine (a calf) we also have an excess of fruit.
We have money but because of the system we have set up we don't spend much. What's interesting is some of the people we deal with have requested we trade in food not cash. If TSHTF in a severe way the person producing food will always be the richest.
If you were to come to me with gold and wanted to trade for food most likely I would send you packing. I don't trade with money now except on rare occasions, we don't even buy fuel we make it ourselves. About the only place I used cash was for reloading supplies and he now wants to trade in food.
Yea I know it's the same ole you can't eat gold but unless you can make it through to the back side of the problem it's not going to do much for you. With us I'm not sure we would know anything is happening unless somebody told us.
A question for you OP how long will 10 cases of food last you? |
| idiot
User ID: 10555
7/5/2008 7:56 PM | | Re: How well will one be off being 100% gold | Quote |
gold has zero nutritional value!
you may have a nice shiny pile of metal but you'll be starving!
also keep in mind FDR made it illegal to use gold as currency, which should keep paper money quite popular even though it isn't worth squat and while the fed reserve keeps pimping the dollar while claiming to have a strong dollar policy... keep in mind they get paid the big bucks to lie and sell you it as truth...
be advised to put food on your list, and keep 15% non perishable around with your gold stash... and hope you planted a garden this year and bought a few goats... winters coming and it won't be pretty for some who refuse to plan for the worst!
 |
| Anonymous Coward
User ID: 85422 (OP)
7/6/2008 2:34 PM | | Re: How well will one be off being 100% gold | Quote |
Howdy OP:
We have gold mined it ourselves while blasting the indoor range. We have silver in the form of old coins we also have cash in different currencies but the thing that I think will help most is we produce tangible goods.
There are several thing that we produce in excess of what we consume. Fish is one my aquaponics greenhouse produces Rainbow trout and Salmon as well as veggies. I produce an excess of feed grains that I trade for bovine (a calf) we also have an excess of fruit.
We have money but because of the system we have set up we don't spend much. What's interesting is some of the people we deal with have requested we trade in food not cash. If TSHTF in a severe way the person producing food will always be the richest.
If you were to come to me with gold and wanted to trade for food most likely I would send you packing. I don't trade with money now except on rare occasions, we don't even buy fuel we make it ourselves. About the only place I used cash was for reloading supplies and he now wants to trade in food.
Yea I know it's the same ole you can't eat gold but unless you can make it through to the back side of the problem it's not going to do much for you. With us I'm not sure we would know anything is happening unless somebody told us.
A question for you OP how long will 10 cases of food last you? Quoting: Underground_Dude 418661
Well the comments have gotten better at least. I see one here well do as well as I  . OK I'm not going to dispute that food well be quite valuable in the near future and yea you will do well, but I think your extreme and have planed a pole shift/ end of society scenario and to be honest chicken little has been screamed way too much and for too long. Do I think hard and tough times are coming? You bet your posterior I do! But do I think we are going to live post-apocalypse movie plot like I've seen, not highly likely! Sorry I can't buy that one, unless the pole shift
is a reality and maybe W.W III as well, but other than that society will endure one way or another and gold will be used. And maybe YOU won't barter your food/supplies for gold (real money) but there where will always be someone who will take it so they have even a bigger chip to trade with. Bottom line I'm not prepped like you cause I have decided IF it does actually happen I DO NOT WANT TO BE HERE on this rock to "survive". My 10 cases of emergency dehydrated food is intended for shortages but NO it won't last for the apocalypse and that means its time to DEPART this life. Several spiritual people have told me I'm a very old soul and that this is my last life here. I had revelations as a child that civilization will rise to a pinnacle and fall, and when that happens it would be time to come home for the final time. Its not my place to survive post-apocalypse/end of civil society so WHY would I prep for it..... I'm only but a watcher til time time arrives. Do I know this for certain? Can't say 100% sure but messages have been relayed to be over my lifetime so far and what I get told by other enlightened people add up. If I was told that I was going to be a survivor maybe I would be doing EXACTLY what you have done but this has not been indicated, so go figure! I have my gold to pick up a failed company and live til the time arrives then its time to leave |
| Underground_Dude
User ID: 463961
7/6/2008 2:56 PM | | Re: How well will one be off being 100% gold | Quote |
We did not set up our system because of pole shifts or the economy collapsing we started this in 1980 long before the paranoids were able to be on the net.
We are old war dogs 10 years in the mil and 20 doing contract work we needed a major life style change! I don't think you can over engineer your life!
We are happy and that's all that counts, it seems you are angry that we have a system that works and doesn't require out side help. If I read your reply wrong I apologies.
Good luck in your venture! |
| paladin
User ID: 463944
7/6/2008 3:02 PM | | Re: How well will one be off being 100% gold | Quote |
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| Anonymous Coward
User ID: 85422 (OP)
7/6/2008 7:08 PM | | Re: How well will one be off being 100% gold | Quote |
Paladin my man, now there's someone I respect for intelligence in this field. Now maybe you can tell me
how someone will fare being 100% gold, BARRING total collapse
of society as I keep repeating. I'm asking what kind of scenario would be possible WITHOUT descending into anarchy and lawlessness. As 1 poster pointed out I'm not in gold as a Vegas bet but I am in it to PRESERVE all purchasing power and make that money work for me when blood is running in the streets  |
| Flaming sword
User ID: 451093
7/6/2008 7:28 PM | | Re: How well will one be off being 100% gold | Quote |
Crisis, What Crisis?
Supply, Demand, Scarcity and Consumption.
Luxury consumtion, or discretionary spending stops first.
Inflationary trends increase as Scarcity becomes a determinant factor.
Full audit economics reveals gaping holes in derivatives of 1.4 trillion usd.
So infrastructure building and capital works will pull the heaving cadaver of speculative excess out from the abyss of doom.
In a world dissociated from the wiles and intruiges of geo-political power plays, wars can easily be found, thus greasing the wheels of capital works.
Not today, I think no one has the stomach for more gratuitious violence in the 'name' of anything.
So war is out as a means of triggering economic growth to stall the onset of stagflation; which is slow growth and rising prices.
Debt restructuring sees optimal opportunities on the stock markets as speculative bank holdings are removed from resource stocks at margin positions thus discounting the share.
Research and buy.
India, China, Japan are all in a discretionary spending phase, but under conditions where their mps (marginal propensity to save) is of far greater proportional magnitude than their mpc )marginal propensity to consume).
They, for the most part SAVE the value of their domestic housing.
Debt, that damn debt.
Rising caution on the overnight interbank exchanges makes debt more expensive.
So the bell weather message is get rid of debt by liquidating assets, downsizing etc.
Welcome to the forgotten chapter in Wastemakers by Kenneth Galbraithe...Scarcity.
PS to RexAdams alphabet economics tutor...thanks |
| Anonymous Coward
User ID: 85422 (OP)
7/6/2008 7:28 PM | | Re: How well will one be off being 100% gold | Quote |
We are happy and that's all that counts, it seems you are angry that we have a system that works and doesn't require out side help. If I read your reply wrong I apologies.
Good luck in your venture! Quoting: Underground_Dude 463961
I'm happy too as I live quite well but I think you did misread me. I tell you what I want and that's a SHIFT, a change in the CYCLE. For 100's of years ago King,Queens and Emperors saw a gold as a symbol of power, wealth and prestige for their treasure. For far too long I've thought why is this metal that takes a huge amount of work so cheap. A gold necklace was dirt cheap and it should cost 1000's with how much it takes to get out of the ground. I used to smoke pot and well some strains of pot cost more than 2 oz's of gold back when it was like 250-300 an oz  is wrong with that picture. So I want to see REAL WEALTH returned to its rightful place. Sure we can't trade in gold like back in history but it should represent what REAL WEALTH is and NOT PAPER DEBT! |
| Flaming sword
User ID: 451093
7/6/2008 7:58 PM | | Re: How well will one be off being 100% gold | Quote |
"Economics is the study of how people and society choose to employ scarce productive resources, which could have alternative uses, to produce various commodities, and of the distribution of these comoddities among people and groups." Samuelson Hancock and Wallace,p.5
So, that is the definition; allocation of scarce resources, to make commodities( commercial oddities?...my pun), of which we consume.
Discretionary spending, inelastic supply, the curve of inelasticity...when this is reached the bubble...demand...bursts....resulting in slackening of scarcity...increasing supply...thus reducing prices.
So, in this new ecomomic paradigm...let me rephrase, in this 'changing' economic paradigm of banking debt leverages which defy Newton, scarcity of food globally, drought, climate change, I am sure the reader can add to the list of uncertianty, the question remains; how does one best position onesself, given the unrest in econominc quarters?
This is the new frontier...
Hybrid fuel cars will require lithium...so barring total ecoic. collapse the resource lithium will continue to be mined.
Corn, wheat, any of the staples require nitrogen, phosphorous and potassium, so barring total economic collapse, these resources will continue to be mined.
Iron ore of course is the new sheeps back, Ayn Rand, despite her critics was right, Digney, build that rail road!! |
| F.B.Nyte
User ID: 436879
7/6/2008 8:00 PM | | Re: How well will one be off being 100% gold | Quote |
Consider this op.....
What Did Smart Money Do In the 1929 Crash and Aftermath?
During the same bear market period smart-money moved from the plunging equity markets (i.e. financial assets) to hard asset investments, like Homestake Mining - which is used heretofore as a surrogate for all gold stocks.
The stock price of this gold mining company soared relentlessly upward during the entire bear market. Homestake Mining stock rose continuously from $80 in October 1929 to $495 per share in December 1935 - which represents a total return of 519% (excluding cash dividends) during the devastating bear market period.
Contemplate and appreciate the monumental difference in investment returns during a serious bear market. Smart-money invested $10,000 in Homestake Mining (hard assets) in late 1929 - which increased in value to almost $62,000 by December 1935. This represents a compound rate of return of 35% per year in appreciation alone!
It is meaningful to note that in late 1929 the value of Homestake Mining was about $80 per share. Moreover, during the next six years Homestake Mining paid out a total of $128 in cash dividends. In fact the 1935 dividend alone reached $56 per share. That's almost a 70% dividend yield payout (basis 1929) in only one year! Indeed, hard asset investments (gold mining shares) were islands of economic refuge during the grueling years of the Great Depression.
More here....
[link to www.gold-eagle.com]
That was gold, now consider silver....
This week XTO Energy finally agreed to buy Hunt Petroleum for $4.2 billion after a long legal tussle between Hunt family heirs. The firm was founded by the late billionaire HL Hunt whose sons Nelson Bunker Hunt and William Herbert Hunt once cornered the world silver market in the 1970s.
Hunt is a privately held company which makes no public comment on its affairs. But commentators think the Hunts are calling the top of the oil market and that the price for Hunt Petroleum suggests a quick deal was the objective.
However, market watchers are bound to wonder if the Hunts are planning to re-enter the silver market which they so dramatically dominated in the 1970s. It was in 1973 that the family first decided to buy precious metals to hedge against inflation, much as many rich investors are doing today.
Together with several wealthy investors the Hunts formed a silver pool and by 1979 held half the world’s deliverable silver supply, some 200 million ounces. Having effectively cornered the markets, the pool used leverage to drive the price of silver to $54 an ounce. But the authorities changed the rules on margin trading and crashed the market. The Hunt brothers eventually declared bankruptcy and by 1987 their liabilities of $2.5 billion exceeded assets of $1.5 billion.
After that experience you would have to have a pretty thick skin to try playing the same game again. But history does have a habit of repeating itself, and you have to wonder what investment options are open to a family with $4.2 billion to tuck away in present markets.
Precious metals are once again an attractive diversification strategy at a time of high and mounting inflation. Nothing erodes the value of cash deposits like inflation. The ever secretive Hunts could learn from their past mistakes and avoid margin trading, and still take a commanding position in the silver market, although this sum is too small to impact much on gold.
Of course, the irony of the 1970’s episode may not have been lost on the next generation of Hunts. They did indeed select one of the best possible investment strategies for that decade, and if they had not gotten too greedy with margin trading their position would have been unassailable.
So personally I would imagine the Hunts might well venture back into precious metals, and probably in a big way. But don’t expect to read any announcements or for the family to get carried away trying to corner the market again.
How high could silver go? We are still a long way shy of the $54 an ounce high of 1980 reached courtesy of the Hunt pool, and every other commodity is now past its previous all-time high. The silver market is a relatively tight and small one, so any renewal of serious investor interest, perhaps on the back of another bull run for gold is likely to take prices far higher.
link: [link to arabianmoney.net] |
| Anonymous Coward
User ID: 85422 (OP)
7/6/2008 9:18 PM | | Re: How well will one be off being 100% gold | Quote |
NOW that's what I'm talking about!
Flamingsword, that is one very insightful post you just made!! And makes perfect cents (excuse pun). But really that's what I was looking for. I like how you point out of possible new commodities to sprout up in times of scarcity ans that is what I'll be looking at to go put that money to work. Very nice sir, you are definitely highly respected!!
F.B Nyte, you are another I highly respect and have read your post and replies over the years.You have insurmountable of knowledge. Yes I do know about Homestake, as back in the mid 90's my better half tried to play options along with Barret, unfortunately it was the wrong time for that play. I suspect they will try again when they feel the time is really right. Yes I'm also aware of the Hunt bros story too, guess that piece of history COULD discourage big money from trying again, but we all know it won't take too much BIG MONEY to purchase all the available gold above the ground and for that matter IN IT on a global scale as compare to the ratio of PAPER sloshing around, especially those derivatives of astronomical proportions!!! I think this time around some stand to lose far more than a paltry 1.5 billion as being over leveraged. Ya know when I'm out and about and I see huge mansions and whatnot I think it must be NICE but on the flip side of that that's what they are worth on paper and its not REAL
WOW I'm impressed now, but god damm talk about pulling teeth from a baby to get some good solid answers. MAYBE SOME MORE GOOD INSIGHT WILL POP UP! |
| F.B.Nyte
User ID: 436879
7/6/2008 9:41 PM | | Re: How well will one be off being 100% gold | Quote |
NOW that's what I'm talking about!
Flamingsword, that is one very insightful post you just made!! And makes perfect cents (excuse pun). But really that's what I was looking for. I like how you point out of possible new commodities to sprout up in times of scarcity ans that is what I'll be looking at to go put that money to work. Very nice sir, you are definitely highly respected!!
F.B Nyte, you are another I highly respect and have read your post and replies over the years.You have insurmountable of knowledge. Yes I do know about Homestake, as back in the mid 90's my better half tried to play options along with Barret, unfortunately it was the wrong time for that play. I suspect they will try again when they feel the time is really right. Yes I'm also aware of the Hunt bros story too, guess that piece of history COULD discourage big money from trying again, but we all know it won't take too much BIG MONEY to purchase all the available gold above the ground and for that matter IN IT on a global scale as compare to the ratio of PAPER sloshing around, especially those derivatives of astronomical proportions!!! I think this time around some stand to lose far more than a paltry 1.5 billion as being over leveraged. Ya know when I'm out and about and I see huge mansions and whatnot I think it must be NICE but on the flip side of that that's what they are worth on paper and its not REAL
WOW I'm impressed now, but god damm talk about pulling teeth from a baby to get some good solid answers. MAYBE SOME MORE GOOD INSIGHT WILL POP UP! Quoting: Anonymous Coward 85422
OP, check out the charts on this link.
[link to www.gold-eagle.com]
There are so many variables out there it is hard to know exactly what to do. (And when!)
Here's another I posted earlier having to do with silver.
Saw this earlier....
June 4, 2008
Open letter to:
Henry Paulson
US Secretary of The Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220
Edmond C. Moy
Director of The US Mint
801 9th Street, NW
Room 8S23-3
Washington, D.C. 20220
RE: US Silver Eagles Illegal Rationing
Dear Sirs:
It has come to my attention that 1oz US Silver Eagle coins are being rationed by the US Mint to 13 authorized dealers and not being made available to the public in adequate amounts.
[link to www.silverinstitute.org]
According to US Law: 31USC5112(e) this action is illegal and I demand that this rationing program end immediately.
[link to frwebgate.access.gpo.gov]
(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which--
(1) are 40.6 millimeters in diameter and weigh 31.103 grams;
(2) contain .999 fine silver;
(3) have a design--
(A) symbolic of Liberty on the obverse side; and
(B) of an eagle on the reverse side;
(4) have inscriptions of the year of minting or issuance, and the words ``Liberty'', ``In God We Trust'', ``United States of America'', ``1 Oz. Fine Silver'', ``E Pluribus Unum'', and ``One Dollar''; and
(5) have reeded edges.
(f) Silver Coins.—
(1) Sale price.--The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).
(2) Bulk sales.--The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount.
(3) Numismatic items.--For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) shall be considered to be numismatic items."
The law is clear that the silver coins must be supplied to the US public in "quantities sufficient to meet public demand" EVEN IF it means the US Mint drives up the price of silver bullion on the open market in order to obtain the silver needed to produce the US Silver Eagles. That rise in price should, theoretically, decrease the current voracious demand for US Silver Eagles and allow for the true price discovery of silver bullion. That's how our freely traded markets are supposed to function in order to determine the “fair market value” of any asset.
Unfortunately, the rationing of Silver Eagle coins greatly distort the fair market value of both the coins as well as the silver bullion used to make them. By rationing the coins, the US Treasury and US Mint are artificially suppressing the demand for silver bullion thus creating artificial downward pricing pressure on silver. The size of this artificial price/demand loss is unknown BUT given that the 1oz US Silver Eagle is by far the most popular silver coin in the world, I would suggest that the artificial suppression is significant. For example, when the Silver Eagle rationing program started in mid-March 2008, the price of silver bullion immediately dropped from $21/oz to $17/oz thus trimming 20% off its fair market value in only 4 days. Clearly the fair market value is being artificially distorted. As stated in section (f) above, the public is entitled to purchase US Silver Eagle coins at the "market value of [silver] bullion" plus costs associated with production. Currently, that is not the case. I expect you to end the rationing program immediately and fulfill your legal obligation to the people of the United States of America.
The US Mint is not sanctioned to be a market maker or market manager in precious metals. The Mint is, by law, the facilitator of US Silver Eagle supply and that supply is legally designated to be limited only by the willingness of the purchaser to buy. If the Mint receives an order for 10M ounces or 20M ounces or even more it is 100% legally obligated to immediately supply those Silver Eagles from inventory or enter into the physical silver market and purchase the silver bullion and process it. What effect that purchase has on the price of silver bullion should not be of consequence to the Mint since the price is passed on to the purchaser (plus fabrication).
Luckily, for the stability of the silver market, the CFTC has assured the world that there is no silver price manipulation and that there is currently (and apparently always will be) an adequate supply of physical silver to cover any demand that surfaces.
[link to www.cnot]
I would also like to point out that the US Silver coin has always had tremendous historical and monetary significance to the citizens of the United States of America. US Silver Eagles represent "honest money" and to witness their continued manipulation is disheartening.
I am also sending this letter to other interested parties below to inform them that another silver crime is in progress.
Sincerely,
Bix Weir
US Citizen
When I tried to post the cc: in the last paragraph I got banned so will not try that again lol. |
| Anonymous Coward
User ID: 367362
7/6/2008 10:01 PM | | Re: How well will one be off being 100% gold | Quote |
I think that when he invests in marijuana he will make more money. Look how our government makes money, taking out the Taliban to propagate and control the opium drug trade. The shadow government has so much money at its disposal you will never see profits from your gold. You will have to wait for economic collapse in US, and like everyone else has told you, we don't want it when we are hungry. Stop panicking over your lost wealth, what's in your heart will get you further. Relax, remember, we are all in this together. The gold horders will be shunned as greedy, selfish fools. Water, the new gold. |
| F.B.Nyte
User ID: 436879
7/6/2008 10:08 PM | | Re: How well will one be off being 100% gold | Quote |
More thoughts OP...From a thread paladin started...
[link to www.godlikeproductions.com]
(I Posted this, I think, on page 2.)
The next bubble:
Priming the markets for tomorrow's big crash.
[link to www.harpers.org]
It's a long read but worth it
<snip>
We have learned that the industry in any given bubble must support hundreds or thousands of separate firms financed by not billions but trillions of dollars in new securities that Wall Street will create and sell. Like housing in the late 1990s, this sector of the economy must already be formed and growing even as the previous bubble deflates. For those investing in that sector, legislation guaranteeing favorable tax treatment, along with other protections and advantages for investors, should already be in place or under review. Finally, the industry must be popular, its name on the lips of government policymakers and journalists. It should be familiar to those who watch television news or read newspapers.
There are a number of plausible candidates for the next bubble, but only a few meet all the criteria. Health care must expand to meet the needs of the aging baby boomers, but there is as yet no enabling government legislation to make way for a health-care bubble; the same holds true of the pharmaceutical industry, which could hyperinflate only if the Food and Drug Administration was gutted of its power. A second technology boom—under the rubric “Web 2.0”—is based on improvements to existing technology rather than any new discovery. The capital-intensive biotechnology industry will not inflate, as it requires too much specialized intelligence.
There is one industry that fits the bill: alternative energy, the development of more energy-efficient products, along with viable alternatives to oil, including wind, solar, and geothermal power, along with the use of nuclear energy to produce sustainable oil substitutes, such as liquefied hydrogen from water. Indeed, the next bubble is already being branded. Wired magazine, returning to its roots in boosterism, put ethanol on the cover of its October 2007 issue, advising its readers to forget oil; NBC had a “Green Week” in November 2007, with themed shows beating away at an ecological message and Al Gore making a guest appearance on the sitcom 30 Rock. Improbably, Gore threatens to become the poster boy for the new new new economy: he has joined the legendary venture-capital firm Kleiner Perkins Caufield & Byers, which assisted at the births of Amazon.com and Google, to oversee the “climate change solutions group,” thus providing a massive dose of Nobel Prize–winning credibility that will be most useful when its first alternative-energy investments are taken public before a credulous mob. Other ventures—Lazard Capital Markets, Generation Investment Management, Nth Power, EnerTech Capital, and Battery Ventures—are funding an array of startups working on improvements to solar cells, to biofuels production, to batteries, to “energy management” software, and so on.
BTW, T Boon Pickens has just announced he's investing 10 billion dollars in a wind farm in Texas. (4,000 giga watts) |
| F.B.Nyte
User ID: 436879
7/6/2008 10:11 PM | | Re: How well will one be off being 100% gold | Quote |
I think that when he invests in marijuana he will make more money. Look how our government makes money, taking out the Taliban to propagate and control the opium drug trade. The shadow government has so much money at its disposal you will never see profits from your gold. You will have to wait for economic collapse in US, and like everyone else has told you, we don't want it when we are hungry. Stop panicking over your lost wealth, what's in your heart will get you further. Relax, remember, we are all in this together. The gold horders will be shunned as greedy, selfish fools. Water, the new gold. Quoting: Anonymous Coward 367362
Your last sentence ac, you may be right. T Boon Pickens in my above post is buying up water rights in Texas big time. Google it. |
| Mi'Kmaq
User ID: 281010
7/6/2008 10:15 PM | | Re: How well will one be off being 100% gold | Quote |
what good is it? root of all evil,hoarding gold! |
| Anonymous Coward
User ID: 453145
7/6/2008 10:19 PM | | Re: How well will one be off being 100% gold | Quote |
gold has zero nutritional value!
you may have a nice shiny pile of metal but you'll be starving!
also keep in mind FDR made it illegal to use gold as currency, which should keep paper money quite popular even though it isn't worth squat and while the fed reserve keeps pimping the dollar while claiming to have a strong dollar policy... keep in mind they get paid the big bucks to lie and sell you it as truth...
be advised to put food on your list, and keep 15% non perishable around with your gold stash... and hope you planted a garden this year and bought a few goats... winters coming and it won't be pretty for some who refuse to plan for the worst!
Quoting: idiot 10555
LOL, the hard money guys don't want anyone to remember when gold was illegal. |
| Anonymous Coward
User ID: 453145
7/6/2008 10:22 PM | | Re: How well will one be off being 100% gold | Quote |
!
Actually it would be very hard. For one no one would want to give you any change back, so it would have to be an even trade. Many would not know what it is worth. Youwould not get gold change back. It is heavey and you would wear out holes in your pockets. You would be marked for robbery. some people would not want to trade for it too. We just do not trade it. People would trade worhtless dollars before trading gold for food. It is illogical these days. The young clerks inthe stores would always have to calll the managers and even they would not know what to do! Gold is good to invest in but not for trade anymore.
I can't resist a reply to this one as I think you FAIL to realize what the gold is for in the first place. It is NOT for day-to-day expenses but yet to pick up a business of some sort. Kinda like picking up left over pieces for a bargain and make that money work for you. Wow you actually thought buying gold for living off of was the purpose. Ummm your not too bright and I'm quite young at learning how this works and what you stated is NOT the reason to be acquiring gold for Quoting: Anonymous Coward 85422
And what currency will you use to transact this business, Einstein? |
| Anonymous Coward
User ID: 367362
7/6/2008 11:02 PM | | Re: How well will one be off being 100% gold | Quote |
Bush family buys up Paraguy on big aquifer. Done raping oil, water is next. Gold is being pushed up for the masses big time so they can short it. Water, he who controls it will make money. |
| Anonymous Coward
User ID: 367362
7/6/2008 11:14 PM | | Re: How well will one be off being 100% gold | Quote |
I would just like to add that you will see oil and gold going down this week. |
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