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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (58126)	4/13/2006 2:24:00 AM
From: shades	Read Replies (1) of 110194

hello shades, why is gold price rising? what can it possibly mean? I think Mish and chromatic dispersion have made very good cases what it means - too much liquidity sloshing around in the world from too much printing press. Time even ran a story - check out this funny picture - to save the world - the THREE MARKETEERS - HAHA! img.timeinc.net Anyways - people say damn - i dont do anything anymore - i sit on couch, I watch fear factor - I vote in politicians who promises me things he cant deliver - I want his lies - makes me feel better - but if things go to crap I will have to work again, or go to itt tech and learn things that are hard, or be working in the public again around bothersome old people - and no one wants to turn off fear factor and do that - so they say - man - what can I do with all this paper mr. MARKETEER has given me so I dont have to WORK in the future - hmm - general chen says if I trade paper for shiny metal - I wont have to work in the future or go to ITT TECH - I can keep watching fear factor and oprah while I suck down the hamburgers and red lobster. It is a lie you are selling people though dear General - a lie they want to believe - you are telling them trust in the honesty of shiny metal - not in their own skills or education - you are trying to make them believe hordes of shiny metal will make them valuable to society and wealthy in the future. That is not how it works though - you are valuable to the extent you give and produce - not by what you horde and squander. The borg were mighty until HUGH came along and then they were weak. When they started taking from the collective instead of adding to it - they collapsed. Your memes are similar - I know General, as I get older I also want to believe in your rosy colored version of the world that there is something I can do NOW - so in the future I can take it easy and as my faculties fail me and I am not able to work as smart or hard as the next guy - I can still have a nice standard of living - but that is not the way things work. America had a special time - but social security the world over is beginning to collapse - you are trying to replace SS safety nets with goldbug safety nets - but they are both flawed for similar reasons. I want to believe that lazy way too - where I just walk over to coin shop and just like that I wont ever have to work again or be useful to anyone - they will bow at my feet to have a look at my shiny metals - the future will prove who is right - the horder of shiny metal or the giver who tries to stay competitive and relies on himself and doesn't surrender his trust to gold atoms. The price of gold could go up to 1 million an ounce - but if my hamburger costs 2 million - so what? The only way hording gold would make me WEALTHIER in the future if it could be exchanged for FAR MORE than what it can be now - but you have not made that case. I heard many goldbugs say - well in 1900 you could buy 1 nice suit with a gold coin - and today you can still buy 1 nice suit with a gold coin - they say this with so much gusto and pride - and I am thinking - damn - there were so many other things I could have INVESTED in during 1900 perhaps that would let me buy more than 1 suit today - 1 million suits maybe - that is getting wealthier - your way is not.

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