Value of the dollar

[nando]

I'd also have to add, I'd be very, very weary of investing into china. Just look into their property bubbles, overinvestment, and bank debt issues, not to mention accounting fraud with their equities. South america looks fairly good, even parts of africa and maybe russia.

[mrsleeve]

I have been slowly buying silver over the years and have made out rather well on that. But I am just gonna sit tight for awhile with everything I have as its all paying decent and everything is hunky dorry at the moment

If you have a big wad of cash laying around Shale oil/gas wells and infrastructure buy in to that. There is so much Chinese money flying around in PA its a little disgusting.

[nando]

so you are saying the market in the next say year will not see the crash of 2008?


Wanna Bet?

Gold hedges against inflation and with the way the Gov is spending and printing money Id say its more than just speculation or nerves that are driving up the price of gold. You should see who the largest buyers of Gold are lately.

nope. 2008 was a total lockup of credit, half a million people being laid off a month, multiple large institutions failing. this current route is about fear of a recession and the failure of governments to lead.

It's a loss of confidence, not a crash - but the credit markets are still functioning and liquidity is high. people have been saving cash, rather than piling on debt. Big difference.

[nando]

Not a bubble, bubbles burst. This is the same situation as fall '08. The price of gold is going up, it probably will drop, but only slightly, maybe hold the price, but certainly won't drop over the longer run.

My opinion is, if you have cash you don't need, like saving up for a car or whatever, buy physical gold. It's safe, and you'll probably make a nice percetage over a half or one year, which you wouldn't make with cash in the crooks' vaults.
But yeah, right now it would be better to wait for the slight drop (who knows when...) and jump on the wagon.

you are falling into the same trap everyone always does. You think that gold is going to go up forever. Like people thought the housing market would (housing is safe! it will never go down!). Like the tech bubble. Like the many bubbles before it. Choose to believe it or not at your own peril. "it's different this time". how many times have we heard that..

[Farbin Kaiber]

^ If gold ever drops below $1000/oz. I'll eat my hat. It's not like the gold market is gonna go through a foreclosure debacle and leave the market flooded with overpriced twice mortgaged unsellable gold coinage and bars. There is a limited supply of product that cannot be manufactured. I'm expecting to see it a $2000 by years end, and somewhere above $3600 by 2015.

[nando]

ok. There's a limited supply of land, too. We saw how well that worked out. Another strong possibility is global deflation, which is a more likely (and much worse) outcome than runaway inflation. Our governments are nearly gauranteeing that.

but, yep, gold will go up, at a 10-20% clip per year, forever! :)

[nando]

this guy pretty much articulates my thoughts exactly:

https://news.fidelity.com/news/news.jhtml?cat=Economy.US&articleid=201108101204STREETCMREALTIME_11216959&IMG=N

I don't know if fixing chinese currency manipulation is the silver bullet, but it's probably not helping us.

[Vedubin01]

nope. 2008 was a total lockup of credit, half a million people being laid off a month, multiple large institutions failing. this current route is about fear of a recession and the failure of governments to lead.

It's a loss of confidence, not a crash - but the credit markets are still functioning and liquidity is high. people have been saving cash, rather than piling on debt. Big difference.

Yes I agree but this bubble we are in now is because of all the bail out money still in circulation. Once everyone understands that we are no better today than in 2008 its going to crash and not come up so easily due to the fact there is no more money that can be borrowed. (China and Japan will soon cut us off to save their own currency)

Our country faces a problem of too many people living off the government. When everyone wakes up and realizes the only way to solve this problem is to cut the Entitlements. It will be a war vs the "Haves" vs "The Have Nots" You are starting to see this happening in Europe and when it hits here, HOLD ON!

If I were telling anyone to invest in anything it would be Junk Silver and 55gn lead.

[nando]

Chinese currency is ~40% undervalued, so I'm not sure it needs saving. Japan has a currency overvaluing propblem, they'd love to see it go down because they're heavily based in manufacturing and they are suffering (Honda announced plans to move more production out of Japan).

China needs to own treasuries in order to keep their competetive advantage of a massively devalued yuan. So as long as the "super congress" of 12 doesn't royally fuck up (a possibility, I admit), and we can get our debt under control (which is still quite manageable), China isn't going to stop purchasing massive ammounts of treasuries.

I agree that entitlements need to go on the chopping block. social security was meant as a last resort so old people didn't go into extreme poverty. Now it's become their retirement, because people stopped saving (maybe THE cause).

But I also hope that they can reach a compromise on tax increases (or even tax code/IRS reform), not that I *want* to pay more, but you can't say that the last 10 years of bush tax cuts have really made a difference except to increase deficit spending. They even cut taxes more this year and it still didn't do anything for jobs. It's just not responsible or sustainable.

then there are our 3 wars..

[mrsleeve]

If I were telling anyone to invest in anything it would be Junk Silver and 55gn lead.

would 150gr and 168gr be a reasonable substitute ????

[Vedubin01]

would 150gr and 168gr be a reasonable substitute ????

Much love for the 7.62x51 but Im going a bit more high speed low drag :)


in fairness, Im running 69 Nosler full auto suppressed...

[Farbin Kaiber]

Hey nando, could you tow this thread to P&R?

[mrsleeve]

hehehehe

I am still wanting to pull the trigger on a CAN for my LMT then roll up a few mags worth of 168gr Sierra HPBT Subs, silent death with 200 yards. Just cant justify the 1200 bucks plus the stamp right now.

[Farbin Kaiber]

Yes, you can. Don't lie.

[Vedubin01]

hehehehe

I am still wanting to pull the trigger on a CAN for my LMT then roll up a few mags worth of 168gr Sierra HPBT Subs, silent death with 200 yards. Just cant justify the 1200 bucks plus the stamp right now.

I can get you a better deal than that.... Let me know