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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (96878)	12/2/2012 6:46:47 PM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 219924

It has been about thirty years since the dread and fear about government debt has been at OMG we are going over the cliff levels. <... there is a fiscal cliff in the way. It has been there for about at least a decade, nothing new. > So yes, nothing new really. Just the scale. Way back in 1979, the reason gold shot to such a high price was strong fear of total failure. 1982 was a substantial recession. Before that, 1974, it was a big deal too with oil making the running, oil and gold being the same thing, near enough for government work, as you now know. Note that TJ with his gold mine comments how he has found a big pile of energy at old time prices, in the form of little bits of unprocessed rock, which they can scoop into their swishy new 21st century processing mill. Note how they have a limit of economic haul for rock to be processed - fuel costs too much if further away. Government debt kept on piling up, with promises to pay vast pensions and medical care costs in future too. You are certainly right about the differences of opinion in the Libertarian world. It's vituperative. I think the most abusive commentary I've ever had was from a ring-leader of Libertarianz. It's quite cult-like in excommunication and dogma, with various sects breaking off, schism and splittism. It's nice to agree with one of your posts. Excellent. Would it be pushing my luck to see if you now agree that oil is the same as gold? Mqurice