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24HourForums.com > Supported Forums > 24's Money Business > Okay, now what, Iwog? .... or anyone???

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Pyrite
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 Posted: 02:27 am

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The drawback of gold is that you must diminish your holdings to take cash from it.

However, with this new round of dollar depreciation it looks to me like ALL assets will fit that unpleasant scenario.

Dividends from solid assets will pay depreciating dollars which will require you to eventually sell the asset.    Got to.  Mathematical necessity.

There's FOREIGN asset returns.   But then there's the lil ole "foreign tax" on em too.

Other than burning the entire goverment from the dogcatcher on up, what's yer answer?

It appears to me that the ultimate aim of povertizing the holders of EVERYTHING is well under way and I'm casting about for ideas on how to thwart em.

I'm pretty certain that sufficient gold will outrun the bastards, but it will still be a diminishment.   I wonder if the younger folks who are to be ...heirs... will stand for much more of this.   IF they bother to make themselves aware, that is.

::scratch::

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 Posted: 03:01 am

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Pyrite wrote: The drawback of gold is that you must diminish your holdings to take cash from it.

However, with this new round of dollar depreciation it looks to me like ALL assets will fit that unpleasant scenario.

Dividends from solid assets will pay depreciating dollars which will require you to eventually sell the asset.    Got to.  Mathematical necessity.

There's FOREIGN asset returns.   But then there's the lil ole "foreign tax" on em too.

Other than burning the entire government from the dogcatcher on up, what's yer answer?

It appears to me that the ultimate aim of povertizing the holders of EVERYTHING is well under way and I'm casting about for ideas on how to thwart em.

I'm pretty certain that sufficient gold will outrun the bastards, but it will still be a diminishment.   I wonder if the younger folks who are to be ...heirs... will stand for much more of this.   IF they bother to make themselves aware, that is.

::scratch::

It's darn scary!  I know people who have a lot of cash, and want to take it out of the bank.  But like I told them................and then what?  Do you buy gold?  Do you buy "junk silver bags"?  I sure as hell wouldn't suggest government bonds!  I wounder if people should by euro?  :blink:




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Pyrite
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 Posted: 03:31 am

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I think I'll be picking up some more bags of junk this week.  The dollar which closed at 78.50 on Friday is down to 78.30 already on the Asian markets tonight.

Freefall.

http://www.voy.com/64855/

This ain't gonna be yer gramma's depression.

::bigvomit::

Last edited on 03:32 am by Pyrite
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 Posted: 04:15 am

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Pyrite wrote:

This ain't gonna be yer gramma's depression.



That's for sure. This one is going to cause a new currency and or/ a new system (standard) of buying & selling. It likely will be credits and all debit/credit computerized controlled/monitored accounting & purchasing. 




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 Posted: 01:28 am

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Pyrite wrote: The drawback of gold is that you must diminish your holdings to take cash from it.

However, with this new round of dollar depreciation it looks to me like ALL assets will fit that unpleasant scenario.

Dividends from solid assets will pay depreciating dollars which will require you to eventually sell the asset.    Got to.  Mathematical necessity.

There's FOREIGN asset returns.   But then there's the lil ole "foreign tax" on em too.

Other than burning the entire goverment from the dogcatcher on up, what's yer answer?

It appears to me that the ultimate aim of povertizing the holders of EVERYTHING is well under way and I'm casting about for ideas on how to thwart em.

I'm pretty certain that sufficient gold will outrun the bastards, but it will still be a diminishment.   I wonder if the younger folks who are to be ...heirs... will stand for much more of this.   IF they bother to make themselves aware, that is.

::scratch::


Gold and Economic Freedom
by Alan Greenspan
[written in 1966]

...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

###

Alan Greenspan
[written in 1966]

http://www.321gold.com/fed/greenspan/1966.html

 

Last edited on 01:28 am by Robodoon




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Iwog
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 Posted: 02:33 am

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Pyrite wrote: I think I'll be picking up some more bags of junk this week.  The dollar which closed at 78.50 on Friday is down to 78.30 already on the Asian markets tonight.

Freefall.

http://www.voy.com/64855/

This ain't gonna be yer gramma's depression.

::bigvomit::



We are just getting started.  77.69 right now.  The dollar is dying.

I don't think anyone who buys gold and silver at these levels is going to regret it.  Think about the blank looks that 90% of your friends and family give you when you ask if they own any gold.  When the dollar enters a hyperinflation phase, anyone holding dollars will have to buy gold or watch their life savings evaporate. 

Gold is headed to $2000 in 2007 dollars minimum.  That's what it did in 1980, and things are much much worse now.

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MrPaseo
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 Posted: 12:55 pm

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Interesting thought Iwog, I wish I had the time to learn all this. Hopefully over the next 14 months I'll learn a little.

 Current time is 02:37 am
24HourForums.com > Supported Forums > 24's Money Business > Okay, now what, Iwog? .... or anyone???


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