Mmm, yummy asset bubble.
What will they do when the Fed starts restricting the money supply, driving the dollar up, and the much balleyhooed "hyper-inflation" has yet to materialize?
I will need new pants as I will have laughed my ass completely off when this bubble pops.
Then short gold!
Edit: I am in no way saying you are wrong.
Restricting the money supply?
I LOL'd at that one.
Yeah I did too but I want to give him an opportunity to explain. Why on earth would they restrict it if they're printing it left and right. And what kind of "restriction" are we talking about? "restricting" what aspect of money? The only thing they "restrict" is truth.
It could be a poorly structured sentence, now that I'm re-reading it. <shrugs>
Last edited by Viva Las Espuelas; 04-25-2011 at 03:36 PM.
"Why one earth would they restrict it if they're printing it left and right."
The 1980s Volcker treatment, to slow down/stop inflation above the "full employment" target of 5%.
bought at 26 and sold at 44. Waiting for the announcement on wed. that there won't be qe3 for a while and jumping back in on the dip.
It's going to 90 by the end of the year.
then you sell. or its Armageddon.
...the rich are going to keep speculating on commodities till after Nov 2012.....
there are no better signs that the system is broken....why risk creating jobs?
and the Chinese. Don't forget them.
..good to see someone is making money on my advice to buy silver...be careful though, it is a bubble....the trick is not to be too greedy.....let go at the first sign of weakness, but for now it's a cash cow...
Don't interest rate hikes essentially have that effect? Cause credit to slow down?
Well yeah but that's credit.
"Money supply" "Money supply"
Forest, not tree.
Maybe the new trend is silver because we don't have enough cotton to print that much money?
I have a bunch of people buying silver at work. I'm not. My luck it will drop as soon as I purchase them.
Bump. Just because I happened to notice that silver is down about 20% over the last 4 days.
My poor friend shorted shares of AG (a silver mining company) when silver was on a roll. He tried to time it and was wrong, they went up another 20% and he lost his ass... recently he went in at 23.80 something, thinking they were gonna push into the 8's and now it's in the 17's. If it wasn't for him getting 80% outta AMRN in 2 days I'd say he was a horrible trader.
definitely strike one....time to bail? almost...
Just for the record, I've advocated both silver and palladium...
FoFAThey explained to me, each in his own way, that what they don't like about gold is that there are so few industrial applications for the metal compared to the other precious metals. My friend greatly prefers silver over gold, and the guy last night is heavily into palladium, with no gold exposure. My friend even told me a story in support of his silver position.
I will save the full story for later because he agreed to write it down for me so that I wouldn't get the details wrong. But the gist of it was that an industrial silver user, a vendor he buys from and is friendly with, is already subs uting another metal where he has always used silver because his clients refuse to pay the higher price for the parts he manufactures. I'll admit that the price-sensitivity of this particular manufacturer may not be the norm, but that's not even the point of telling you this story.
The point is that this price-sensitive subs ution of silver was confirmation to my friend that silver is a better store of value. And again, this is one of the smartest guys I know. Seriously smart!
What these conversations tell me, at least, is that this subject needs a little more of my attention.
Coincidink?
2006...
SpurstalkBetter yet, buy commodities, Gold and Palladium.
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