It can make a lot of sense to buy now.

Housebear51

Really2 wrote: »

Now that is a comedy line. It seems that's what every PM bug seems to want to do, ramping them on here!
Just that no one is falling for it.

Im pleased you liked it so much, I have made it my signature.

You obviously didnt understand. Its when people like you start buying PMs thats when us early adopters start selling.

JonnyBravo

Housebear51 wrote: »

Do you think the Pound sterling will last that long?

Most dont think the present fiat currency system will last this decade let alone the next one?

Most of who?
The population? Or just most of the people who frequent the websites you visit? You know the ones.... the ones talking about the destruction of society and the rise of gold.

We're not all nutters you know.

chucky

why did you copy and paste word for word your post from a Gold and Silver newsletter by Mike Maloney?

http://goldsilver.com/newsletters/newsID/8707/ref/1

We are not living under true free market capitalism right now. Free markets require free market money. Fifty percent of every transaction involves currency. You have to allow the market to pick what money is and what interest rates are (the price of money itself).

You cannot have a group of arrogant men trying to set interest rates and manipulate the economy. You cannot have governments giving special favors to their richest friends, the corporations and special interests that can afford to do all the lobbying.

This is what tilts capitalism to the point where it really isn't capitalism. This is no longer a free market. We haven't lived under free markets in the United States since 1913, when the Federal Reserve was introduced.

- Mike Maloney

Housebear51 wrote: »

We are not living under true free market capitalism right now. Free markets require free market money. Fifty percent of every transaction involves currency. You have to allow the market to pick what money is and what interest rates are (the price of money itself).

You cannot have a group of arrogant men trying to set interest rates and manipulate the economy. You cannot have governments giving special favors to their richest friends, the corporations and special interests that can afford to do all the lobbying.

This is what tilts capitalism to the point where it really isn't capitalism. This is no longer a free market.


Remember free markets require free market money and interest rates. Our free markets have been lost for almost a century now.

Free markets and crony printing presses for a select few are like oil and water, they will never mix.

The Immorality of it All

Fiat currency in conjunction with highly leveraged fractional reserve banking is the inflationist tool to create all sorts of rigged market mischief. Inflation, the expansion on the monetary supply simply increases boom-bust economic cycle severities and occurrences; inflation is the indirect theft of the average saver's capital. It allows nations to initiate and more easily fund endless wars. It enables a select few to more easily confiscate the wealth of the many.



Ask the common man on the street about gold and silver money, most are simply ignorant or misinformed on the subject and especially the implications of a world moving back in favor of hard and sound monies, silver and gold.

History simply repeats and repeats. When the public becomes desperate for precious metals they will offer goods, services, and investments at fire-sale values. By selling your gold and silver at that time, you will have taken full advantage using your current knowledge and understanding. The full weight of the upcoming wealth transfer will have swung in your favor.

I believe now is the time to capitalize on ignorance by acquiring and holding physical gold and silver bullion coins and bars.

ninky_2

Housebear51 wrote: »

We are not living under true free market capitalism right now. Free markets require free market money. Fifty percent of every transaction involves currency. You have to allow the market to pick what money is and what interest rates are (the price of money itself).

we also have a situation where nation states are trying to control a global situation and capital has an unfair advantages over labour. international borders are freed up in some cases (a with corporations that are allowed to trade across borders) but increasingly imposed in other areas (no free movement of labour). this means capital has the power to decide what labour to buy but the price is manipulated by the inability of labour to decide where to sell (the indian call centre worker does not have the option of offering labour inside the uk for example).

international borders restrict the ability of free market capitalism to operate in an increasingly global economy.

JonnyBravo

chucky wrote: »

why did you copy and paste word for word your post from a Gold and Silver newsletter by Mike Maloney?

http://goldsilver.com/newsletters/newsID/8707/ref/1

Gosh..... you mean he hasn't worked all this out for himself? You mean he is just repeating nonsense he is fed by loony websites? Oh my..... my world is crushed.....

Nice find chucky.

chucknorris

Bullfighter wrote: »

This isn't your 1970's, 80's or 90's recession. We are facing 1930's devastation or even worse.

If you can't see that (or even include it in your risk assessment then you should stop giving 'advice'.

What's for dinner tonight? Baked beans again? Or are you keeping those 1000's of tins for when you really need them?

JonnyBravo

Housebear51 wrote: »

Its when people like you start buying PMs thats when us early adopters start selling.

Is that what Mike Maloney told you to do? Or to say?

Do you still live in Tokyo with your 64 yr old wife and 1 yr old son. Are you still worried about JSA?
he he he..... you can't hide your posting style.

chucky

JonnyBravo wrote: »

Gosh..... you mean he hasn't worked all this out for himself? You mean he is just repeating nonsense he is fed by loony websites? Oh my..... my world is crushed.....

Nice find chucky.

i think Housebear is a bit confused...

he thinks houses are expensive being a bear but he's bullish about gold which is still cheap according to him.... just checking this graph it looks like houses are cheap at the moment. what does that make gold?

phil_b_2

Housebear51 wrote: »

I take it you are one of these ones who laugh at the thought of a depression just like people did in the 1920s.

Society and technology have come a long way since 1920.

JonnyBravo

chucky wrote: »

i think Housebear is a bit confused...

Indeed, he is currently in a tizz as apparently the price of silver halved today. He knows it halved, cos a website is telling him that.

https://forums.moneysavingexpert.com/discussion/2607601

He has now thankfully been shown evidence that perhaps his source is "flaky" and no such 50% crash has happened.
One can only imagine the panic in that bedsit.
:rotfl: