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Nickelless
1000+ Penny Miser Member
USA
1343 Posts |
 Posted - 04/01/2008 : 13:24:38
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According to Coinflation, silver is back down to $16.86 apparently because of the easing of concerns about the dollar, yet all other indicators (at least to the rest of us who are looking at them) show that things are heading for the crapper. Is this just the calm before the storm? Or is this just very short-term enthusiasm that isn't seeing the big picture like the rest of us are? Or is it both?
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Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
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misteroman
Moderator
USA
1246 Posts |
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eharrison
Penny Pincher Member
USA
234 Posts |
Posted - 04/01/2008 : 22:47:43
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I lean towards the "calm before the storm" idea.
National debt that is not payable, gov. promises that reach the tens of trillions, trillions in yearly war spending, inflation, housing bubble, food and gas prices. It all points to the crapper, weather that is next week or next year, be it a slow decline or a jump of a cliff- it is coming soon. For that reason I am preparing. |
Freedom is popular
That's why I voted
Ron Paul! |
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moboman
1000+ Penny Miser Member
USA
1338 Posts |
Posted - 04/01/2008 : 23:18:08
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I feel the same as eharrison.
I dont understand how now they claim the credit crisis has been solved, the stock market has turned a new leaf, the US is back on track, and the green back is gaining lost ground.
So what? Nothing has really changed. The fed cut some points and the stock market is all speculations... The housing bubble is not fixed.
I'd say its definately the calm before the storm. |
I have a hard time resisting the temptation to take a wheat penny out of the take a penny cup when I see one! |
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misteroman
Moderator
USA
1246 Posts |
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Metal Maniac
Penny Sorter Member
43 Posts |
Posted - 04/02/2008 : 08:20:33
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You guys are absolutely correct, nothing fundimental has changed!
The main reason for the run up in commodities including PM's has been inflationary pressure and fears, well, has anything changed in relation to inflation?
Has the Fed stopped printing new dollars at a frightening rate?
Did the war end reducing pressure on miltary spending?
Has Congress stopped spending out of control?
Has the government raised interest rates or done anything else to defend the dollar?
NO!
So why all the talk about how everything is alright? It makes no sense. It makes no sense to have a headline talking about how PM's and commodities are done for and then right next to it a headline about how oil hit a new high!
It's B.S. plain and simple. Stop listening to the talking heads in the media and use your own best judgement.
In my opinion what is happening now is a correction in the PM's which is rooting out the spectulators from the true investors. Spectualtion caused the PM's price to go up too fast (that is what is correcting) but the more fundimental thing driving the price up in the long run is still inflation and I don't see anything that is changing in that regard. Eventually inflation will take the price back up to where it was.
My advice is to think like an investor and not like a spectulator. Think VALUE and think LONG TERM. |
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wheeler_dealer
Penny Pincher Member
USA
245 Posts |
Posted - 04/02/2008 : 09:56:43
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| We have not had any positive changes that are going to do normal folks any good. Just think last week at $20.00 we had shortages, what happened to those. Now is the time to be accumulating as people may be looking to dump fearing a price collapse. |
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harbinger
Penny Sorter Member
United Kingdom
35 Posts |
Posted - 04/02/2008 : 16:09:10
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| My opinion for what its worth keep watching the banks british,american,french and swiss looks like its all going to the crapper to me.buy up your silver and keep some soft paper at hand and you'll be comfortable no matter what.let the sheeple bleat |
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The calm before the storm?
