SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TH who wrote (267256)8/7/2010 7:20:26 PM
From: Skeeter BugRead Replies (2) of 306849
 
yes, gold has many good attributes. i agree.

i know you have food, water and protection. i hope you have a community of like minded people who will support you when this SOB comes crashing down.

my guess is you have plenty of practical barter items.

gold and silver on top of that is great.

of course, it was much better at $260-$400. ;-)

i also think inflation will come - perhaps serious hyper inflation.

i'm no expert, but my current view is that this will only happen after the bond market can be represented by a smoking hole.

if the government seriously starts printing non debt backed money, the logical reaction is for the private lending markets to freeze and interest rates to sky rocket. when this happens, debt defaults will sky rocket - and that's deflation by definition.

denninger's and nicole foss' paradigm resonate with me given the history of the money powers as explained in "the money masters."

i'm flexible, though. the whole derivatives thing may require inflation even though it would be painful for the wealthy in the bond market.

again, an attempt to inflate may well bring on a MASSIVE debt default deflation first.

once the credit situation is resolved (can 95% of money be credit forever?) and the bond market collapses, well, zimbabwe could well happen.

the risk of gold (bullion in possession, of course) to the smaller players that aren't as prepared as you are is that they may be forced to liquidate their gold at the bottom of the credit collapse where dollars are very scarce.

i fit into that group, so i'm not holding any gold - i just live completely debt free except for property tax - and i might even prepay that for a few years.

we live in interesting times.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News