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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (27383)1/30/1999 11:26:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 116762
 
Rarebird,

I don't believe I'm the one playing the games. I answered your PM to me regarding your assertions that I worked for the gov't.

I don't.

And I don't work in or with any business that deals with equities or commodities. Never have.

My only experience in the gov't was in the military, and I'm a civilian now.

But I do recognize a threat to the economy should there be a short squeeze on a huge short position in gold. And for that reason I challenge people's logic and common sense out here with regard to their love for gold.

So I have to ask you now, since thou doth complanith a bit much, do you work for a gold mining company??

Are you a securities/commodities broker or work in any business dealing with the buying or selling of gold??

Are you a member of an intelligence organization quietly working on some covert operation intent on undermining the economic health of the 'ol USofA?

Lighten up pardna... you're the one who is sounding a bit paranoid. I must be scaring you if you have to start questioning my motives for posting out here.

Can't destroy my logic so you need to fire people's paranoia, eh??

And you show you don't understand the phases of a economic collapse.

Eventually this market will turn decisively bearish. Of that, there is no doubt. It very well may happen this year due to Y2K fears.
Or it may be due to a Brazilian default or what have you.

But the first place that capital will seek a safe haven in will be US T-Bills. Gold being a commodity, people will sell it to raise cash that is more readily exchangable. We could interest rates on the 30 year bond hit 2-3% in a global flight to quality.

THEN IT WILL BE THE TIME TO SELL BONDS AND BUY GOLD!!

When the dollar has become as strong as possible, yet the market is still too unsure to reinvest in equities due to global credit crunches, people may go to gold as the dollar weakens or is intentionally re-inflated to revive the economy and replace the money destroyed in debt defaults.

OR if there is a global catastrophe or war, then you will see gold move up in value.

But don't try and BS anyone reading this thread that gold will outpace bonds as the initial beneficiary of a equities collapse.

You sound like you're selling snake oil... Especially after public re-airing your assertions that I have some agenda other engaging in an active discussion on the economics of gold and what might cause it to rise and the Fiat system to fall.

What's your agenda, oh Doctor of Philosophy?

And I thought some of my former neighbors out west were paranoid... Geezus!!!

Regards,

Ron