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Since 1997, real inflation, as opposed to ridiculously understated official inflation, has raged at a minimum of 8% annually, and has soared as high as 14-16%. This means that you have lost a minimum of two thirds of your 1997 purchasing power. So, if you invested $10,000 in the Dow components in 1997, not only would you have no gain whatsoever, you would have losses on the stocks which were dropped from the index due to poor performance and, in addition, to add insult to injury, your purchasing power has been reduced from $10,000 to approximately $3,000 in terms of 1997 dollars. In other words, that $10,000 you invested in 1997 will today only buy what $3,000 would have bought in 1997.
Effectively, anyone playing the general stock markets has been wiped out by this combination of lost capital gains and reduced purchasing power. Those who began investing after 1997 have done even worse because they have suffered major capital losses in addition to having suffered reduced purchasing power. So much for the much touted 10% average annual gains for stocks. By contrast, you could have bought gold in 1997 for about $300 per ounce and more than tripled your money at today's prices. Your $10,000 would have become $30,000+, however, due to inflation caused by the Fed's profligate increase in the money supply, which the Fed intentionally orchestrated in order to impoverish you and bring you to your knees so you will accept world government, your purchasing power would only be about $10,000 in 1997 dollars. So you would at least be even in terms of purchasing power. Certainly, $10,000 in purchasing power is a whole lot better than $3,000. This example is a classic illustration of how gold preserves your wealth. As you can see, failure to invest in gold, silver and their related shares is tantamount to committing financial suicide. The bankruptcy courts will soon be full of the tens of millions of US citizens who ultimately will ignore gold and silver as a safe haven, or who will simply lack the capital to invest in gold and silver in any case because they are in hock up to their ears, or because they have become unemployed, or both.
Originally posted by NickT916
Last time i checked the bubble busted... if you keep reading you will see how this bubble can bust and gold can drop from $1,000 to $5 ... this is one example.
Originally posted by Dermo
These people will not sell as soon as they see the price is starting to drop.
Originally posted by NickT916
this is kind of how i see it, let me know what you guys think?
With so much fake gold out there, you can buy 5lbs of gold coins on ebay for like $20 nobody knows the difference. people will be lied to left and right about whos coin is better and GOLDER... quickly your $1,000 coin will probably be worth $5, as much as those coins on eBay, since everyone will have fake gold coins, and those who have real gold coins wont be trusted because they will be looked at as liars with a fake piece of paper that says "its real!"
Originally posted by ANNED
Wind power companies. Solar companies but not companies that sell the solar panel used now. But companies when they start to sell the next generation low cost solar panels. This is why I will not put solar panel on my home, The one now will be obsolete before they are paid for and the power output will be a lot higher for the next generation panels.
This will put the existing panel off the market as to expensive
Originally posted by NickT916
Seems as the best thing to do is to actually buy yourself a piece of land/little house, and buy what you can afford, and if you cant afford it dont get a loan for it, go rent. maybe buy a few bicycles for you and your family. Things that you would use and not depend on others for things, solar plates maybe, hunting gear, fishing stuff, camping accessories, cloth materials,.... this is kind of how i see it, let me know what you guys think?
Originally posted by OBE1
... The world's most connected bullion bank, Goldman Sachs just reduced it's huge TOCOM short position to zero...first time ever...zero. No news coverage.
Have to read the signposts guys.
GOLDMAN SACHS LIQUIDATES
A small news item appeared in the press this week, one which gathered almost no attention.
. The kings of insider trading, taking full advantage of both USGovt implemented policy and politically managed commodity indexes, Goldman Sachs made an important move. They covered their remaining 69 short gold futures positions on the Tokyo Commodity Exchange (TOCOM). They have reduced their position to zero. In May 2006, the GSax position reached 52,000 short gold contracts. Now it is zero.
TOCOM is unique, unlike the corrupted US commodity exchanges, since it requires all parties to post and publish their positions in a public manner. So Goldman must know something about the hugely positive prospects of gold. How about the new currencies to arrive by the stork in about one year's time will all contain a gold component? The simplest statement one can make about Wall Street is that traders became traitors.
INVESTMENT DEMAND SOARS
The establishment that embraces fiat currencies prefers to announce that jewelry demand is down in India, down in general globally, due to price reactions. How about telling the other story? That would be how the gold investment demand and silver investment demand has soared 400% in the last year or so. The data is astounding, but such a story would go counter to the belief that gold is a commodity. Gold is money, and fiat currencies are essentially denominated debt. Investment demand has soared since debt destruction has exposed currencies to be universally deficient, unmasked as debt instruments. The global banking system has been ruined by virtue of both the ridiculous growth in debt and the indefensible foundation of currencies. Furthermore, the coin shortage is touching all corners of the globe, as investment demand reaches levels to alarm officials. Maybe the USMint will close a few days per month, just like the California government agency offices.
MINING SUPPLY FADES [...]