Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (52086)	5/26/2002 2:40:53 PM
From: habitrail	Respond to of 65232

"When politicians talk of a new world order, maybe now you will know what they mean. It is about power, not freedom." Yep. Even better, most highly educated people I know would regard that very statement as the rantings of a conspiracy theorist. It is a riddle that I have not been able to solve; why otherwise intelligent people revert to the most basic forms of denial/ridicule when presented with any evidence that their government has no motivation to protect their individual interests.

To: Jim Willie CB who wrote (52086)	5/26/2002 6:10:12 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 65232

The wise ones can intellectualize all they want to about the unimportance of gold. They need to keep in mind that this is an "irrational" international phenomenon, driven by 5000 year old instincts. There may not be an American intellectual place for gold, but these folks should try and explain it to the Japanese, Chinese, Indians, oil sheiks, etc. By the time they figure it out and change their tune, I'll be getting ready to sell to them...(I hope) TK

To: Jim Willie CB who wrote (52086)	5/27/2002 11:51:20 AM
From: mt_mike	Read Replies (1) \| Respond to of 65232

JW, I have brought the subject of gold up several times with colleagues and bright people who I work with, including financial advisors and trust officers. They have all laughed at me and told me my view on the world is too negative and pessimistic. I am now known as a doom and gloomer. Almost all of them believe the reason gold has gone up is the Mideast violence and the India-Pakistan situation. When I ask them about the implications of the massive increase in money supply, the fact that consumers are close to being tapped out credit wise, the possibility of a debt implosion and the implications of zero real interest rates they blow it off. Most have said those same arguments have been around for 22 years since the last gold rush. I have asked about the rising layoffs and they tell me employment is a lagging indicator. That does not account for the large numbers of layoffs still occurring, but I guess that does not matter. I have brought up the fact that the IRS receipts for last year were down 23% and many states are having budget problems. They have all responded things are turning around and point to the 5.6% GDP increase. I was like most of these people until 18 months ago. I guess many people just do not want to face the fact that we are teetering on the brink of serious economic trouble. Even if Uncle Al reinflates this bubble it is only temporary. The only thing that will work off the problems and excesses of the 90s is time. I have urged most I know to get some exposure to gold since it will do well in either the inflationary or deflationary scenario. I am tired of telling people, they must learn on their own. This article explains it very well. gold-eagle.com