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So when is the next crash that I keep reading about on here?

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So when is the next crash that I keep reading about on here?

Old 09-07-2012, 06:59 AM
  #21  
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Originally Posted by Gator56 View Post
The crash will come as soon as you or I invest in it heavily so I'm out. The past has always shown that the little guy watches the profits go up and thinks it's safe to make a few bucks then all the little guys get back in then the big $ investors sell all off and take the little guys $ that's how it works.
Simple equation that the little guy fails to understand (myself included, for many reasons)... buy low-sell high.

IMHO - gold is a part of that equation. Will it go up some more (??) could be? Are you buying high - yes.

Whats low right now? Whats scary? Real estate & stocks...
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Old 09-07-2012, 07:12 AM
  #22  
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Originally Posted by the_gooch View Post
There is no way Romney/Ryan are winning.
Unfortunately agree. If "they" stay mobilized and vote, they will win.

Back to thread's intended topic...
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Old 09-07-2012, 09:08 AM
  #23  
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Originally Posted by Jughed View Post
Simple equation that the little guy fails to understand (myself included, for many reasons)... buy low-sell high.
Problem is, what's High and what's low?

I thought I was nuts when I bought AAPL at 338, and even crazier when I bought more at 560. Still have it. I thought I was pretty smart when I bought GE at 6, and really smarter (NOT) when I sold it at 9 the following week.

You can't time the market. What you can do, is set a stop loss order when you buy a stock, and an open sell order to get out when it hits a certain high (or better yet, a trailing stop when you buy and that handles both possibilities.

Do I do these smart things myself? Of course not.
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Old 09-07-2012, 09:39 AM
  #24  
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Originally Posted by Joe View Post
I keep seeing a recurring theme from a few members..the end <of everything> is near. When is it?

I hear Glenn Beck selling gold, but if the dollar is going to crash so soon..it makes me wonder why the folks selling gold would want my worthless green dollars.


you can lead a horse to water, BUT, you cannot make him take a bath


http://armstrongeconomics.com/693-2/...should-buy-it/


enjoy
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Old 09-07-2012, 10:36 AM
  #25  
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Originally Posted by nat View Post
you can lead a horse to water, BUT, you cannot make him take a bath


http://armstrongeconomics.com/693-2/...should-buy-it/


enjoy

So if gold is so indespensable..why would anyone trade my worthless dollars for their valuable gold? Seems like they would be buying MORE gold.

Doesn't make sense.

I listened to one of the "endoftheworld22.com" thingies a few weeks ago and they said that investing in anything right now (except their investment subscription, of course), and in the forseeable future was a bad idea. So I've sold my house and putting my boat up for sale. Dogs are next.
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Old 09-07-2012, 11:05 AM
  #26  
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Originally Posted by Joe View Post
So if gold is so indespensable..why would anyone trade my worthless dollars for their valuable gold? Seems like they would be buying MORE gold.

Doesn't make sense.
That statement doesn't make sense in my mind
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Old 09-07-2012, 11:59 AM
  #27  
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Originally Posted by nat View Post
That statement doesn't make sense in my mind

Not sure how I can make it more clear. The link you posted basically said how important it is to own gold due to the decline of the dollar.

If my dollar is so worthless, why would anyone want to trade it for their valuable gold?
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Old 09-07-2012, 12:17 PM
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Originally Posted by Joe View Post
Not sure how I can make it more clear. The link you posted basically said how important it is to own gold due to the decline of the dollar.

If my dollar is so worthless, why would anyone want to trade it for their valuable gold?
They would trade it for other things... food, ammo, water. Some buy gold for investment and will trade you for cash when the time is right, some are buying gold (Beck etal...) for nutty end of the world as we know it nuttyness.

Problem is - they never actually have posession of the gold. They have rights to go pick said gold up from some location... if they have the ability to get there. If its still there when they get there - if they aren't shot and killed the moment they try to leave with the gold.

Where is this gold that you own? Who will regulate the handing out of the gold after the crap hits the fan? How will you be able to get there in the midst of this mess?
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Old 09-07-2012, 06:55 PM
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Originally Posted by Jughed View Post
They would trade it for other things... food, ammo, water. Some buy gold for investment and will trade you for cash when the time is right, some are buying gold (Beck etal...) for nutty end of the world as we know it nuttyness.

Problem is - they never actually have posession of the gold. They have rights to go pick said gold up from some location... if they have the ability to get there. If its still there when they get there - if they aren't shot and killed the moment they try to leave with the gold.

Where is this gold that you own? Who will regulate the handing out of the gold after the crap hits the fan? How will you be able to get there in the midst of this mess?
Jug,
that's always been the conundrum for me about gold. Buying for investment via say, an ETF (GLD)...ok...if it works for you. Buying for a SHTF scenario though, where do you store it? If you put it in your safe deposit box at local bank...will the banks even be open in a SHTF scenario? Do I wanna keep say 25K in gold coins at my house...probably not. Bury them in coffee cans in backyard? With my memory, I'd never find them all! I'm not gonna trust one of these companies that stores it in insured vaults for you in a SHTF scenerio either.
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Old 09-08-2012, 02:41 AM
  #30  
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copied from the link posted above

the horse hasn't taken a bath yet.............


Consequently, for the individual who thinks the Goldbugs are crazy and make no sense preaching always the end of the world and how gold will become the new money, do not let that pure hype deter you from looking at gold for what it truly is – a hedge against government – NOT INFLATION! Gold is not even the hedge against fiscal mismanagement of the Fed and its monetization. Its role right now is the hedge against the meltdown of the current monetary system. HYPERINFLATION assumes that the entire world society will even tolerate that outcome. Keep in mind that it was the HYPERINFLATION in Germany that opened the door for Hitler.
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Old 09-08-2012, 03:43 AM
  #31  
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Originally Posted by nat View Post
copied from the link posted above

the horse hasn't taken a bath yet.............


Consequently, for the individual who thinks the Goldbugs are crazy and make no sense preaching always the end of the world and how gold will become the new money, do not let that pure hype deter you from looking at gold for what it truly is – a hedge against government – NOT INFLATION! Gold is not even the hedge against fiscal mismanagement of the Fed and its monetization. Its role right now is the hedge against the meltdown of the current monetary system. HYPERINFLATION assumes that the entire world society will even tolerate that outcome. Keep in mind that it was the HYPERINFLATION in Germany that opened the door for Hitler.
Excerpt from: Why Gas Prices Are Actually Falling

It’s not gold and silver prices that are volatile. Those have been incredibly consistent for thousands of years in terms of commodities they could buy. And because of the increasing standard of living being raised by free market economies, in a very real sense these eternal monies actually buy more. It’s the dollar that has been erratic in its overall declining trend ever since it’s been cut loose from gold (and silver).

Again, people looking at the cost of a gallon of gas, or of milk, or the cost of a nice suit, or rent from behind their piles of gold and silver are finding very little to worry about. In fact, to them, prices are lower than normal and declining.

Also the price of oil has tended to track the price of silver awfully closely for about as long as oil has been industrially useful. And so it’s no mistake that you can still get a gallon of gas for about about $0.20…as long as that $0.20 is composed of a pre-1964 90% silver dimes.

Or you could use a pre-1964 90% silver quarter for that gallon of gas and get back some change. You see, the pre-1965 quarter is worth $6.38 as I type this. The pre-1965 dime is worth $2.55. These coins hail from a time when the dollar was still tied to gold (at the official price of $35 per ounce prior to Nixon nixing the gold standard). The dollar was still as good as gold — even though Americans themselves were forbidden to own gold bullion from 1933 till 1974 — and there was actual silver in the coinage until that content was reduced in 1964 and eliminated in 1965.

Those old silver coins shine the harsh light on the strength of the currency and the abuse that currency suffers from the feds and the Federal Reserve.

If you’d been saving in gold, then from your point of view gas prices have been coming down for the past few years. If you’d been saving in that old “junk” silver (pre-1965 quarters, dimes and half dollars), then gas prices are a downright bargain, too.

(In fact, we strongly believe that silver is still severely undervalued. While gold is more than twice its 1980 high in terms of dollars, silver still hasn’t quite hit its 1980 all-time high when less than an ounce of silver could buy a barrel of light sweet crude. Silver may be more expensive in dollar terms than it was ten years ago…but it’s still incredibly cheap in terms of both gold and in terms of oil…

…Back in 1980 at silver’s peak it took less than one ounce of silver to buy a barrel of oil. Oil is going higher…and silver is likely to try to play catch up and outpace both oil and gold. Silver is just as much a monetary metal as gold…and just as much a vital industrial commodity as oil. Yet again, silver is severely underpriced in relation to both gold and oil. And it stands to gain more than both as both climb higher. So physical silver has been and continues to be our favorite, simple way to hedge against the demise of the dollar.

We turn now to the Wall Street Journal where they find U.S. monetary policy more than a little at fault for the rising dollar cost of gas…

“Oil is traded in dollars, and its price therefore rises when the value of the dollar falls, all else being equal. The Federal Reserve throughout Mr. Obama’s term has pursued the easiest monetary policy in modern times, expressly to revive the housing market. It has done so with the private support and urging of the White House and through Mr. Obama’s appointees who are now a majority on the Fed’s Board of Governors.

“Oil staged its last price surge along with other commodity prices when the Fed revved up its second burst of “quantitative easing” in 2010-2011. Prices stabilized when QE2 ended. But in recent months the Fed has again signaled its commitment to near-zero interest rates first through 2013, and recently through 2014. Commodity prices, including oil, have since begun another surge, and hedge funds have begun to bet on commodity plays again. John Paulson says he’s betting on gold, the ultimate hedge against a falling dollar.

“Fed officials and Mr. Obama want to take credit for easy money if stock-market and housing prices rise, but then deny any responsibility if commodity prices rise too, causing food and energy prices to soar for consumers. They can’t have it both ways, as not-so-stupid Americans intuitively understand when they buy groceries or gas. This is the double-edged sword of an economic recovery ‘built to last’ on easy money rather than on sound fiscal and regulatory policies.”

Source
It seems so simple to us. The politicians want to prop up certain markets with inflation from the central bank…while keeping it easy for the government to borrow. But like any man-made abomination worth its salt, those newly created dollars don’t ever behave exactly how their creators want.

Stock and house prices are mostly flat or outright falling. The dollars meant to be puffing them up are instead spilling over into everything else.

The housing market is like a sad, burst balloon. Air just flows in and right back out. The stock market seems to be filled to capacity, its size delineated by annoying fundamentals like earnings. The price for these earnings is just too high right now and more new money in the economy just can’t drive those stock prices much higher.

That new money — the various QEs — is having an affect on other prices though. All the stuff you use to live. If you insist on believing in the dollar — and writing gold and silver off as barbaric nonsense — then you will be able to afford less and less of the life you want and to which you’ve become accustomed. Further if the history of paper monies is any kind, you could find yourself completely wiped out if you store your wealth in dollars or euros or pesos or whatever other paper lie is set to unravel next.

They will tell you that creating new money is necessary to keep the economy growing, to fight unemployment, to promote the general welfare, etc, etc.

But all it does is destroy your savings and make it easier for the feds to keep on borrowing to pay for welfare and wars. If you want to make sure the dollars you earn today can pay for the same amount of food and energy down the pike, trade those dollars for something of real value right now. We heartily recommend the type of money that actually fulfills that “reliable store of value” function.
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Old 09-08-2012, 05:58 AM
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I was down the beach the other morning having coffee and some nutjob was saying before the election and over a weekend that come one Monday morning everyone's bank accounts are going to have zero balance and the gubmint is gonna blame it on internet fraud.

Everybody in the country is gonna be broke.

Really, this is what the guy was professing. I;ve heard some pretty wild sheet in my day but dis takes the cake.
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Old 09-08-2012, 06:00 AM
  #33  
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Yes gold is at historic highs. Not usually a good time to buy. With our current amount of inflation it may very well be the new "normal".

As far as SHTF scenarios, the last time, the US Government in our "free" country outlawed private possession of it. (As far as I know the only non comunist country in the world to do so).

Recently some family that buried a stash of gold coins during this era dug them up and the government seized them after the fact as the coins were owned during a time it was illegal to do so.

Buying gold during a slack time, IE the last 20 years at $300-$400 per ounce makes a lot of sense, and I bought some. Now not so much.
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Old 09-08-2012, 11:36 AM
  #34  
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Originally Posted by Bamby View Post
Excerpt from: Why Gas Prices Are Actually Falling

It’s not gold and silver prices that are volatile. Those have been incredibly consistent for thousands of years in terms of commodities they could buy. And because of the increasing standard of living being raised by free market economies, in a very real sense these eternal monies actually buy more. It’s the dollar that has been erratic in its overall declining trend ever since it’s been cut loose from gold (and silver).

Again, people looking at the cost of a gallon of gas, or of milk, or the cost of a nice suit, or rent from behind their piles of gold and silver are finding very little to worry about. In fact, to them, prices are lower than normal and declining.

Also the price of oil has tended to track the price of silver awfully closely for about as long as oil has been industrially useful. And so it’s no mistake that you can still get a gallon of gas for about about $0.20…as long as that $0.20 is composed of a pre-1964 90% silver dimes.

Or you could use a pre-1964 90% silver quarter for that gallon of gas and get back some change. You see, the pre-1965 quarter is worth $6.38 as I type this. The pre-1965 dime is worth $2.55. These coins hail from a time when the dollar was still tied to gold (at the official price of $35 per ounce prior to Nixon nixing the gold standard). The dollar was still as good as gold — even though Americans themselves were forbidden to own gold bullion from 1933 till 1974 — and there was actual silver in the coinage until that content was reduced in 1964 and eliminated in 1965.

Those old silver coins shine the harsh light on the strength of the currency and the abuse that currency suffers from the feds and the Federal Reserve.

If you’d been saving in gold, then from your point of view gas prices have been coming down for the past few years. If you’d been saving in that old “junk” silver (pre-1965 quarters, dimes and half dollars), then gas prices are a downright bargain, too.

(In fact, we strongly believe that silver is still severely undervalued. While gold is more than twice its 1980 high in terms of dollars, silver still hasn’t quite hit its 1980 all-time high when less than an ounce of silver could buy a barrel of light sweet crude. Silver may be more expensive in dollar terms than it was ten years ago…but it’s still incredibly cheap in terms of both gold and in terms of oil…

…Back in 1980 at silver’s peak it took less than one ounce of silver to buy a barrel of oil. Oil is going higher…and silver is likely to try to play catch up and outpace both oil and gold. Silver is just as much a monetary metal as gold…and just as much a vital industrial commodity as oil. Yet again, silver is severely underpriced in relation to both gold and oil. And it stands to gain more than both as both climb higher. So physical silver has been and continues to be our favorite, simple way to hedge against the demise of the dollar.

We turn now to the Wall Street Journal where they find U.S. monetary policy more than a little at fault for the rising dollar cost of gas…



It seems so simple to us. The politicians want to prop up certain markets with inflation from the central bank…while keeping it easy for the government to borrow. But like any man-made abomination worth its salt, those newly created dollars don’t ever behave exactly how their creators want.

Stock and house prices are mostly flat or outright falling. The dollars meant to be puffing them up are instead spilling over into everything else.

The housing market is like a sad, burst balloon. Air just flows in and right back out. The stock market seems to be filled to capacity, its size delineated by annoying fundamentals like earnings. The price for these earnings is just too high right now and more new money in the economy just can’t drive those stock prices much higher.

That new money — the various QEs — is having an affect on other prices though. All the stuff you use to live. If you insist on believing in the dollar — and writing gold and silver off as barbaric nonsense — then you will be able to afford less and less of the life you want and to which you’ve become accustomed. Further if the history of paper monies is any kind, you could find yourself completely wiped out if you store your wealth in dollars or euros or pesos or whatever other paper lie is set to unravel next.

They will tell you that creating new money is necessary to keep the economy growing, to fight unemployment, to promote the general welfare, etc, etc.

But all it does is destroy your savings and make it easier for the feds to keep on borrowing to pay for welfare and wars. If you want to make sure the dollars you earn today can pay for the same amount of food and energy down the pike, trade those dollars for something of real value right now. We heartily recommend the type of money that actually fulfills that “reliable store of value” function.

I stopped reading at "why gas prices are going down."

Whoever wrote this hasn't bought gas lately.
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