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 : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (23712)	10/22/2009 6:41:30 AM
From: ayn rand	1 Recommendation Read Replies (1) \| Respond to of 71407

"My analyses have been trending towards trying to predict where and what the wealthy will do once they see that the old model is broken. This is a partial explanation for why I continue to be an advocate of gold, as it represents one of the larger monetary doorways out there, although it is pathetically small compared to the piles of paper wealth that currently exist. When the wealthy begin to try and crowd through a variety of entirely too-small doorways, we will all experience this as “inflation” and “rising prices” in some things and declining prices in the paper assets being sold. Like today, it will be a mixed bag, making for a challenging investment environment. Large portions of wealth, jammed up at the doorways, will be lost entirely. Other wealth will squeak out of the doorway and be late to the party. Only the early money will have any realistic chance of being preserved." Message 26038943 i have been in gold for many years. i held gold one year while it lost money (in gold). it was very frustrating then. i don't have faith in minors, however, minors may do better than PMs. i am not greedy, if minors do better, then i am happy for those investors who benefit. although i am no longer a buyer, but i remain a holder of same PMs, Au, Ag, Pt & Pd. significant inflation is not here yet, but it is coming also, i keep reading more about returning to the gold standard in one form or another. if one says there isn't enough gold to accomplish this, i say let gold ascend to the price where there is enough gold Message 26038754 :o)

To: benwood who wrote (23712)	10/22/2009 10:20:32 AM
From: Tommaso	Respond to of 71407

>>>Same as being on margin, and last fall showed how badly one could mess up.<<< That's the way I feel. I'll just live without a mortgage.

To: benwood who wrote (23712)	10/22/2009 11:30:25 AM
From: ayn rand	Read Replies (1) \| Respond to of 71407

at a 5% 30 y fixed rate, after taking advantage of deduction for your mortgage, that's about 3.5% or so. you don't think PMs will beat 3.5% / annum? also with 1 oz coins, they're non reportable. it's not margin if you have a stable income and plenty of cash. like i said, i don't erally need a mortgage at all. until a few months back i haven't had a mortgage on any of my properties. i feel like it's money for nothing. but again what do i know?