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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (239531)2/26/2010 4:05:41 PM
From: LLCFRead Replies (1) | Respond to of 306849
 
< don't know. Doesn't gold, which is money which is no one else's liability, hold up well in deflation? >

Oh, yea... I've been in gold and miners for a decade... BUT, one can argue we're years into this and if Gold went to $900, the chart would probably STILL look better than in the 30's as far as the historical longer term charts.

Who knows. Can NEVER be out of all your gold imho... last great trade of our life time.

dAK



To: orkrious who wrote (239531)2/26/2010 5:59:30 PM
From: Skeeter BugRespond to of 306849
 
>>Doesn't gold, which is money which is no one else's liability, hold up well in deflation?<<

how did that work out in 2008? $1000 to $700, no?

having said that, gold did hold up better than the stock market. maybe a long bullion and short market position makes sense.

>>Printing is the only thing he knows and believes in.<<

i believe this is patently false. baghdad ben believes in maximizing the profits and wealth of his owner bankers.

throughout history, this banking cabal has purposefully caused deflationary depressions to *crush* the people. in the late 1800s, they reduced money supply 85% amidst a growing population.

why? to asset strip the people in the interests of the bankers.

the only wild card is their derivative positions that could outweigh their real positions. or maybe they've offloaded those toxins onto "we, the people" already. if so, look out below!

maybe not, though, so we'll just have to see how things break.

the current direction being communicated is austerity - which is what i expected. having said that, these people lie to trap people for asset stripping - so you can't just take them at face value.