morekaos_IHB
New member
Increased my shorts yesterday and today
Gold
- Thread starter ABC123_IHB
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NEW -> Contingent Buyer Assistance Program
I like these even more now as the inflation hedge. Here it comes. Grab on or get out of the way.
Wholesale inflation takes biggest jump in 6 months
Have always thought the same way, we are looking for out of control inflation or at least inflation that is growing at an unexpected or unregulated/unchecked rate. I still have a little bit left in gold, but i'm currently trying to sell the platinum bars now. Hopefully they will go soon.
-bix
Three pair today? or just added Depends?
I was taught that platinum prices is linked to the auto industry, due to precious metal use in catalytic converters. Although there are new technologies to reduce dependence on platinum in catalytic converters, they still use them and whenever auto sales recover, so will platinum prices.
Personally, I'm not big on platinum due to its limited market. I think it'd be sensible to keep 1-2% of your assets in gold and silver, as the "last resort" to buy you passage on a boat out of the country, or carry with you to hop the border. You might not speak the language, but there will be jewelry stores that would buy your gold/silver with local currency so you can buy food and not starve.
My grandparents from dad's side fled Manchuria on foot, and was saved by gold concealed in their baggage and walking sticks. The less fortunate starved and died in the snow. Even during the chaotic times of war, people still valued and traded gold -- but I wouldn't be so sure about platinum bars.
Gold doesn't make much sense as long-term investment for profit. But it does make sense as "life insurance".
Whew! Did just that. Dropped the last of the gold and Platinum. Although now I ahve to figure out what am I going to do with this.... just keep it liquid in the puny 1.5% interest?
Where the hell are you getting 1.5% liquid?
If your plan is to hold it at 1.5% interest, give it to me, I know exactly what to do with it.
Locked in at wells fargo ... i think its something like 1.25 actually. Last I checked it was 1.5....
-bix
morekaos_IHB
New member
morekaos said:
I like these even more now as the inflation hedge. Here it comes. Grab on or get out of the way.
Wholesale inflation takes biggest jump in 6 months
upperlowerclass_IHB
New member
I'm nervous about the same thing, everyone on all the forums are looking for $1k gold as if its a sure bet this week. Guests on mainstream media are even getting on board a little, and it used to be practically nobody. I'm 95% gold miners right now with my fingers crossed, my portfolio tracks increases with gold 2X fairly accurately. Hopefully there are a few more ppl left to join the mania, before a short term pull back.
upperlowerclass_IHB
New member
I just had McDonalds for lunch. Double cheeseburger is now $1.19, when the F did that happen. Best inflation indicator ever, +19% WTF!!! LONG GOLD NOW
biscuitninja_IHB
New member
WINEX said:
Have always thought the same way, we are looking for out of control inflation or at least inflation that is growing at an unexpected or unregulated/unchecked rate. I still have a little bit left in gold, but i'm currently trying to sell the platinum bars now. Hopefully they will go soon.
-bix
freedomCM_IHB
New member
morekaos said:
Three pair today? or just added Depends?
morekaos_IHB
New member
Not disimilar to my short on Oil last year. Shorted at 120 then again at 140. Now 39
momopi_IHB
New member
freedomCM said:
I was taught that platinum prices is linked to the auto industry, due to precious metal use in catalytic converters. Although there are new technologies to reduce dependence on platinum in catalytic converters, they still use them and whenever auto sales recover, so will platinum prices.
Personally, I'm not big on platinum due to its limited market. I think it'd be sensible to keep 1-2% of your assets in gold and silver, as the "last resort" to buy you passage on a boat out of the country, or carry with you to hop the border. You might not speak the language, but there will be jewelry stores that would buy your gold/silver with local currency so you can buy food and not starve.
My grandparents from dad's side fled Manchuria on foot, and was saved by gold concealed in their baggage and walking sticks. The less fortunate starved and died in the snow. Even during the chaotic times of war, people still valued and traded gold -- but I wouldn't be so sure about platinum bars.
Gold doesn't make much sense as long-term investment for profit. But it does make sense as "life insurance".
upperlowerclass_IHB
New member
Holy S... 7.8 till 1000
TO TEH MOOOOONN!!!
TO TEH MOOOOONN!!!
upperlowerclass_IHB
New member
1000
biscuitninja_IHB
New member
awgee said:
Whew! Did just that. Dropped the last of the gold and Platinum. Although now I ahve to figure out what am I going to do with this.... just keep it liquid in the puny 1.5% interest?
morekaos_IHB
New member
biscuitninja said:
Where the hell are you getting 1.5% liquid?
jbenko_IHB
New member
biscuitninja said:
If your plan is to hold it at 1.5% interest, give it to me, I know exactly what to do with it.
biscuitninja_IHB
New member
morekaos said:
Locked in at wells fargo ... i think its something like 1.25 actually. Last I checked it was 1.5....
-bix
biscuitninja_IHB
New member
Its funny though, I found a silver source and when I order in bulk, I get a few % off the top. When I go to one of my other sources and sell, I get about 3-4% positive. Uhh, this has never happened to me at all.... Is this normal?
ukyo116_IHB
New member
biscuitninja_IHB
New member
Gold BUG! You've been bitten by it. I'm thinking of getting a little bit again. But we will see.
-bix
-bix
