tag:blogger.com,1999:blog-2611021408437270881.post5504646965349593990..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Last RefugeIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2611021408437270881.post-46318708236122454672008-12-07T07:57:00.000-08:002008-12-07T07:57:00.000-08:00Anonymous:Hold your gold. Over the long run it's ...Anonymous:<BR/>Hold your gold. Over the long run it's going higher as the dollar and all other paper currencies go lower.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-61499199815108000682008-12-07T05:36:00.000-08:002008-12-07T05:36:00.000-08:00"You supply the answer."I bought my gold in 2003 y..."You supply the answer."<BR/><BR/>I bought my gold in 2003 you do the math.<BR/><BR/>Deflation re bust, stock market crash, commodities market crash all of these are still in progress. Then the bond market and currency devaluation you are looking for 2 years away from NOW.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-16047933997211072642008-12-06T19:16:00.000-08:002008-12-06T19:16:00.000-08:00Anonymous 2:BDI is down about 93% in the last five...Anonymous 2:<BR/>BDI is down about 93% in the last five months. Shipping stocks are cheap. I don't worry about the banks. My question is when will the: Chinese, Japanese, Saudis, etc., pull the plug on the dollar? I agree about commodity shortages developing soon. Gold is cheap compared to the amount of currency in the world. You see gold as a commodity, like say wheat, I say it's money. How much is the Fed's profit (seignorage) from creating billions out of nothing? What's the Fed's marginal cost of producing a billion dollars? Consider, with M3 at about $14 trillion, and Uncle Sam holding 261.5 million ounces of gold, gold must rise to $53,500 per ounce to "ratify" all existing dollars. Our entire monetary system is a "con game". Gold was $1,033 a few months ago. Did Zimbabwe Ben sell? No. Why not? You supply the answer.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-602866887248664072008-12-06T19:00:00.000-08:002008-12-06T19:00:00.000-08:00If we go into a hyperinflation then everything is ...If we go into a hyperinflation then everything is cheap right now with the exception of paper.<BR/>Check Wiemar republic for details.<BR/><BR/>The problem at this point is that the banks who are the ones buying and holding treasuries instead of lending make it unprofitable to ship or extract oil, copper, corn, wheat, soybeans, ect. As soon as existing supplies are used up shortages will develop the supply chain breaks down. The BDI is falling like a rock as globalization is freezing up and shipping companies are going under. Gold was cheap in 2001 at 280 when it cost more to get it out of the ground then what producers could sell it for. That is the case for oil in most cases now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-62334049707934351232008-12-06T18:22:00.000-08:002008-12-06T18:22:00.000-08:00Gold as a last refuge...Uhmmm... wondering if ther...Gold as a last refuge...<BR/><BR/>Uhmmm... wondering if there is another dislocation coming...Anonymousnoreply@blogger.com