Jeff Nielson wrote:


As things stand, our lying/thieving governments are BARELY able to ward-off hyperinflation. Imagine if EVERY nation was simultaneously engaging in "QE to the max"...???



"EVERY nation" may not be doing QE to the max, but I believe a vast majority are currently, either directly or indirectly.

I do not know the number of countries that "peg" their currency to the US Dollar and/or just use US Dollars, but it is pretty significant. In addition there are the countries that utilize the US to print/coin their currency.

We know that the US, Japan, and EU are doing it.. how many other major countries are?

Alot of secondary countries are just to fight the "currency wars".

There is definitely more "money" available now then at any time in the past, and every day there is more and more available, even if you look at it from a per capital basis.

This is why many countries have stop making their smallest denomination coins and/or moved to cheaper base metals. Even the US is considering it (even though we already switched to zinc for pennies back in 1982).

There is so much money now, that the cost of base metals is exceeding the value of the lowest denomination coins.

<sarcasm>
Nope, no inflation here!
</sarcasm>

rroush wrote:
Jeff Nielson wrote:


As things stand, our lying/thieving governments are BARELY able to ward-off hyperinflation. Imagine if EVERY nation was simultaneously engaging in "QE to the max"...???



"EVERY nation" may not be doing QE to the max, but I believe a vast majority are currently, either directly or indirectly.

I do not know the number of countries that "peg" their currency to the US Dollar and/or just use US Dollars, but it is pretty significant. In addition there are the countries that utilize the US to print/coin their currency.

We know that the US, Japan, and EU are doing it.. how many other major countries are?...


<sarcasm>
Nope, no inflation here!
</sarcasm>


I couldn't let that remark pass without noting the KEY DYNAMIC expressed within it.

As I just explained in a conversation I had with someone recently, this game of "competitive devaluation" is REALLY nothing but a case of our governments using lobster-in-the-pot pyschology against us.

If just ONE of these versions of worthless paper was allowed to plummet BY ITSELF not only would those paper-holders ALL desert that currency instantly, but the OTHER holders of (equally worthless) paper would ALSO begin to ask themselves "is my paper NEXT?"

The banksters CANNOT afford to allow such thinking (or ANY thinking) among the sheep. So the game is to DESTROY ALL THESE WORTHLESS PAPER CURRENCIES AT THE SAME SPEED, so that (to the sheep) it doesn't look like ANY of these currencies is falling at all. They then make up an impressive-sounding LABEL to sell to the sheep ("COMPETITIVE devaluation") - and then they get the parrots in the media to REPEAT IT a trillion times (or so).

This mythology has been so completely swallowed by the sheep that the media drones are able to get away with lines like "the strengthening USD".

None of this paper can EVER "strengthen". All it can do is fall less swiftly (than one of the other worthless currencies). Suggesting that ANY of these paper currencies could appreciate in value is no more plausible than suggestintg that someone could jump off a building and "fall" UP.



Indeed, the fact that this is so OBVIOUSLY what our governments are doing as a strategy that even Seb should be reassured about the utter worthlessness of all this paper - and thus the NECESSITY of holding gold and silver.

Then there is always the simple argument: our lying/thieving/traitorous governments are all TRYING to get us to hold THEIR paper - while doing everything possible via oppressive laws and market manipulation to discourage us from holding gold and silver.

So what SHOULD any thinking human being do in response...?

I'm certainly skeptical. From what I have seen in the last 8 months it doesn't matter what happens in the world economy. The price of gold hasn't gone anywhere with the exception of a couple of unsustained spikes.

Stock markets go up, gold barely moves or goes down. Stock markets go down gold barely moves or goes down. Economic news is positive gold goes down. Economic news is negative gold goes down. Today is a case in point.

I don't think it matters how deeply all this stuff is analyzed. How much this and that argument makes sense. If all this QE really is going, maybe it is maybe it isn't all I know is that it isn't having any effect on gold.

Gold is stuck in a rut, and no one has the foggiest idea when or if it will go up. One can only hope it doesn't plummet. $1600 may be the price now for years to come, however if the Canadian $ keeps going up, the price of gold will keep going down for those of us North of the border.

Seb1 wrote:
Stock markets go up, gold barely moves or goes down. Stock markets go down gold barely moves or goes down. Economic news is positive gold goes down. Economic news is negative gold goes down. Today is a case in point.

I did laugh when I read this and I agree with you (short term). I'm still buying, you have any you want to sell?

Seb1 wrote:
I'm certainly skeptical. From what I have seen in the last 8 months it doesn't matter what happens in the world economy. The price of gold hasn't gone anywhere with the exception of a couple of unsustained spikes...


Let me counter that with a few REMINDERS:

1) "Investing" is an activity EXCLUSIVELY measured in YEARS(PLURAL). GAMBLING (i.e. "trading") is the only market activity where results are measured in months. So it's IRRELEVANT that the price of gold and silver has taken am 8-month PAUSE in its 140-month bull market.

2) I continue to point out the ONLY REASON the banksters have been able to SUCCESSFULLY (and temporarily) trap gold and silver in this trading range: because the sheep currently BELIEVE the lies of their stooges in the media and government. The moment those lies fail (which could be TOMORROW) the bull market resumes.

3) I have demonstrated (again and again) in utterly unequivocal economic terms that "all roads lead to higher gold and silver prices".

Thus you (and others) have a very clear choice. You can SELF-DESTRUCT - like "legendary trader" (i.e. GAMBLER) Jesse Livemore - by losing patience and bailing out when he KNEW he was right, OR you can choose to be an INVESTOR...and wait.

Went into the Coin shop today looking for a Z. They wanted $65 over spot for a maple: $1703. They're normally $50 over spot and I can usually get an old worn one for $25 over spot (I snag these when I see them). They're $34 over spot in Cali, so looks like I'm going mailorder for this DCA (unless you're going to start an auction, Seb?).

Well I might Samak, start an auction that is. You see I am full of doubt. At my age there is no point in me waiting years and years for Jeff to be right. Now he might be right tomorrow, but as I said before it doesn't seem to matter what is happening to markets and economies gold has only languished and slowly descended in terms of price. I know I drive Jeff mad, it is not intentional I just have a very high level of skepticism.

On the plus side there is this wonderful gem from someone whose articles I read daily:

silver-and-gold-prices.goldprice.org/201...-to-close-comex.html

The GOLD PRICE today dropped $10.20 and closed Comex at $1,631.90. Now it's true that it traded as low as $1,623.59, below my $1,630 limit, but it didn't CLOSE there, don't you know. SILVER PRICE finally broke through 3100c and traded as low as 3047c. Lost 111.9c on Comex and ended at 3052.5c, but here in the aftermarket nearly four hours later it's trading around and above 3090c.

Since March I've been watching a bullish falling wedge take shape on the gold chart, so contrary to popular expectations, today neither surprised me nor cast me down. The GOLD PRICE could fall to $1,580 without violating that wedge's lower boundary. Recall, too that a falling wedge points to a soon-future UP move.

To be fair, this is followed by a paragraph about what happened last time gold made a move and a paragraph telling skeptics like me to put everything into cash and stocks if we want, followed by this:

If I am reading silver and gold wrong, I might be spectacularly wrong. Bottom might yet drop out, especially if the Great Ones Who Care For Us can't find a way to dupe us about the European crisis. But from a technical standpoint and from the longevity of the correction, and the charts, I don't believe y'all will see gigantically lower silver and gold.

Now below is what he wrote on January 27, 2012 when Gold closed at $1732.00, I only put it here to give everyone a laugh, it is amazing that someone can have the gumption to keep churning this stuff out. I know it's my fault for reading it, I don't have to.

silver-and-gold-prices.goldprice.org/201...-has-ended-gold.html


Big Picture has come into focus. The SILVER and GOLD PRICE correction has ended, but may correct and bump along sideways for the first quarter or two. Nonetheless, both are headed much, much higher. Gold can hit $2,660 this year, silver might hit 7600c, even 8300c.


The big picture might be in focus for him and for most of you, unfortunately for me it is getting even more blurry in fact downright dark every day.

Seb, this is all just a question of "mind over matter". That said, simply saying so doesn't make it EASY.



If I was without any chinks in my OWN armor then maybe I would be a little more sanctimonious about this (lol), but in fact I have my OWN irrational fear to deal with: a fear of heights.

So I know what it's like to TELL myself something - but have a hard time CONVINCING myself of what I'm saying. I can't ever come close to ELIMINATING my fear of heights but I CAN conquer it to the point where I'm able to climb aboard a plane without giving myself an ulcer (or heart attack).

This is SLIGHTLY different, but it's still generally the same principle: the banksters PREY UPON normal human inclinations - in order to try to get you to do the EXACT OPPOSITE of what you should be doing.

As with dealing with my own fear of heights, coping is a two-stage process. FIRST there needs to be awareness of the fear AND that it is IRRATIONAL. Once you have explicitly TOLD yourself this then it's primarily a question of willpower.

I'll never be able to get myself to walk a tightrope or climb a mountain, BUT I'm able to deal with my fear to the point where I won't let it adversely affect my life. This is the same goal which you and all the "spooked" PM investors have to adopt for yourselves.

Jeff as someone once said regarding "mind over matter". "You don't mind and I don't matter".

Seb1 wrote:
Well I might Samak, start an auction that is. You see I am full of doubt. At my age...
Of course my comments were all in jest and as I recall I'm about 10 years your junior, so you're not that old. You're worried about the current PM prices and I'm worried about the zombies roaming the countryside after a full-on collapse.