Politics for Pros- moderated Message Board

STOCKTALK

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.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Nadine Carroll who wrote (391232)	11/5/2010 9:09:24 AM
From: carranza2	7 Recommendations Read Replies (1) of 794323

Buy gold. No matter how 'well' the stock market is allegedly doing, the gains are not real because it is doing 'well' on a nominal, not real, basis. If inflation is miss-measured and the USD is in the dumpster, how much are stock market gains worth in real terms? So long as real interest rates are negative or exceedingly low and inflation high [don't for a minute take a fraudulent measure like CPI seriously], gold will continue to appreciate. There is a real chance that gold might go parabolic in the next two or three years. I doubt that the USD will exist in its present form in the next 5-7 years. I hate to say it, but we are bankrupt. It is only the recognition of this fact that is missing. Thanks to globalization, we have exported our wealth creating industries and manufacturing overseas. Finance, a Ponzi scheme under our present circumstances, has become too significant a part of our economy.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next