Sinclair: Time for delivery

[sishya]

Re: Sinclair: Time for delivery

what will you say if gold does not go to $750? i've heard similar calls 100 times over the past 8 yrs.

gold will fall by (fill in the blank) percent by (fill in the date) because...

So - you did not see Gold falling from $1000 to $670 in 2008 ? your eye color must be Gold.

[metalman]

Re: Sinclair: Time for delivery

So - you did not see Gold falling from $1000 to $670 in 2008 ? your eye color must be Gold.

no, saw it falling to 783 per itulip but fell 712.

when gold traded at 983...

Within the current rapid speculative trade, we are watching for short term price volatility much as occurred at the end of the previous similar period C (H1 2006): a 20% correction from $720 to $580. A similar correction today would take gold prices down $200. We are also within the long term for volatility that will portend the end of the currency depreciation and inflation trade that began in 2001.

Gold Update: The small trade within the big trade

is that all the 'deflation' you get from the collapse of the private credit markets & system before...



...kicks in?

yawn.

[pwcmba]

Re: Sinclair: Time for delivery

So - you did not see Gold falling from $1000 to $670 in 2008 ? your eye color must be Gold.

Nope - I never saw a 670 print in 2008. I believe the low was a print of 698 or so, basis Dec. '08 futures. A day or two after it rallied about $100.

Hey Metalman, nice charts; I had not so clearly seen until them, the reverse head and shoulders formed in the USD/AU chart. THANKS!

[Jay]

Re: Sinclair: Time for delivery

Interesting read. I'm curious to see what goes up more over the next 5-10 years. Rice or gold.

Rice will be free, at least your ration.

[Nero]

Re: Sinclair: Time for delivery

Ok, lets say I have 200k to invest in rice or Gold.

Rice: I better build a pretty big warehouse to hold $200,000.00 worth,
Paper rice wouldn't be worth much in a collapse so I have to put it physically somewhere.

Gold: I put it in a Kleenex box and take that anywhere in the world I want to go, all in a moments notice.

Sailboats have to go thru customs to leave the USA.... Or do they?
Hello Costa Rica!

Let rice beat Gold in gains, I don't care, I can get the Fuuk out of dodge using the only real currency of value.... Gold... Acceptable anywhere and PORTABLE.

Nuff Said

[Kadriana]

Re: Sinclair: Time for delivery

Ok, lets say I have 200k to invest in rice or Gold.

Rice: I better build a pretty big warehouse to hold $200,000.00 worth,
Paper rice wouldn't be worth much in a collapse so I have to put it physically somewhere.

Gold: I put it in a Kleenex box and take that anywhere in the world I want to go, all in a moments notice.

Sailboats have to go thru customs to leave the USA.... Or do they?
Hello Costa Rica!

Let rice beat Gold in gains, I don't care, I can get the Fuuk out of dodge using the only real currency of value.... Gold... Acceptable anywhere and PORTABLE.

Nuff Said

Yea, I wouldn't want 200k of rice considering you can buy 20 lb. bags at Wal-mart for less than $14. Getting out of dodge probably isn't the best option for my family considering we have small children. Plus, if there is a true breakdown of the system, I want to be able to eat bacon, pancakes and peanut butter cookies without having to worry about cashing in a 1/10 gold piece and having them wonder if I have more gold somewhere else. Yes, gold is nice for traveling and it has it's purpose but I think food does too especially if you have a family.

I was thinking food versus gold in the case on inflation, not a full collapse.

[aaron]

Re: Sinclair: Time for delivery

Getting out of dodge probably isn't the best option for my family considering we have small children.

The only reason I even consider moving to another country, and making backup plans to do so, is BECAUSE I have small children. If it were just me... who cares? Beer and 24, baby! I got my gold and guns. I could last forever. But my kids.. I want them to have a good life; I want them to have choices. If that becomes impossible here, then I believe I owe it to them to go to a greener pasture.

[Kadriana]

Re: Sinclair: Time for delivery

The only reason I even consider moving to another country, and making backup plans to do so, is BECAUSE I have small children. If it were just me... who cares? Beer and 24, baby! I got my gold and guns. I could last forever. But my kids.. I want them to have a good life; I want them to have choices. If that becomes impossible here, then I believe I owe it to them to go to a greener pasture.

I suppose it depends on whether there is a global or more localized economic downturn. I would move if I thought there was some place better to go but I don't see that right now. I'm not even sure what areas would better. But yes, if things became impossible here, I would move. If I had my choice though, I think during an economic downturn I would much rather stay here where I'm surrounded by corn on 3 sides. Actually, corn on one side and soybean on two. I would not want to live in a major city or even a decent sized one.

[metalman]

Re: Sinclair: Time for delivery

I suppose it depends on whether there is a global or more localized economic downturn. I would move if I thought there was some place better to go but I don't see that right now. I'm not even sure what areas would better. But yes, if things became impossible here, I would move. If I had my choice though, I think during an economic downturn I would much rather stay here where I'm surrounded by corn on 3 sides. Actually, corn on one side and soybean on two. I would not want to live in a major city or even a decent sized one.

my plan is to avoid places where they kick your ass for eating a sandwich.

[jtabeb]

Re: Sinclair: Time for delivery

I want them to have a good life; I want them to have choices. If that becomes impossible here, then I believe I owe it to them to go to a greener pasture.

I used to think the same way, as of about an hour ago. Then I watched a story on Bill Moyer's Journal about how the women of Liberia brought peace to their war-torn country. (I have three small kids BTW)

http://www.pbs.org/moyers/journal/index-flash.html

I would re-write the above as:

"I want them to have a good life, I want them to have choices, I WILL MAKE IT IMPOSSIBLE for others to succeed in taking this away for them. I owe it to them (my children) to NOT RELENT UNTIL I SUCCEED.

I'm god-damned sick and tired of this shit, and I'm NOT GOING TO TAKE IT ANYMORE!

(I Think it's all time we stopped taking this shit anymore)

BTW I'm not advocating violence in ANY WAY SHAPE OR FORM.

I'm simply stating that what ever I CAN DO I WILL DO TO deprive this present system to continue it's existence w/o meaningful reform.

Already done the first step (Portfolio application), and telling as many people as I can relentlessly. I'm going to keeping working, and I'll let you know what I find next.

I'm going to watch that movie, maybe we could get all the women in THIS country to stop having sex with anyone assoicated with the FIRE ECONOMY.

If it can bring peace to Liberia, maybe that would work to reform our finanical system too.

Disclosure, I'm a guy so, what ever the equivilent of not sleeping with FIRE ECON FLUKIES IS, I'm going to do (just trying to figure out what that is at the moment).

[Adeptus]

Re: Sinclair: Time for delivery

Wow, what the heck just happened to this thread? So much level headed discussion about the economy on this site, but some of your minds are filled with a lot of anger and restlessness. Take it easy people. Hope you have a nice weekend!

[jtabeb]

Re: Sinclair: Time for delivery

jtabeb, I worry for you.

You are, for some reason that I can not understand, tempting fate. From my limited time on this site, I have acquired more private information about you than I care to know. For instance, where you work, where you live, and the idea that you are keeping 95% of your net worth in a safe (or two, one a dummy), that your net worth is liquid (gold and silver) and that you have enough of it to buy a house for cash. You also have guns.... What gives? Are you a decoy? If this was not your purpose, you should consider the ramifications of making such comments.

Let me relay a story to you that may be instructive. The new Embassy, here in Panama, has a private security force of battle tested elite forces; many of them having previously served in Irak as special forces. In short, they are well armed, well trained, private mercenaries of the highest caliber. They live in apartments that have been modified to the embassy's strict guide-lines for security. Each apartment building (compound) houses 12 guys; the apartment building is fully fenced and all the windows and doors are barred according to official specification; advanced electronic security systems are in place and operational 24/7. Yet they recently had a break-in!

As it was relayed to me by a friend who lives in the building: a well organized group of armed gunmen gained entry to the building late at night; they managed to take all 12 men hostage (gagged and hog-tide them). Apparently, they were looking for drugs. One can speculate as to why they were looking for drugs, among the elite security forces of the US Embassy, but that is not my point.

Please be more careful with comments you post to public forums. Why invite trouble? Why take a chance? IMO you should take some time to edit prior posts; unless, of course, you are purposefully tempting an event such as that relayed above.

That said, I enjoy reading your contributions to this forum and hope that you continue to contribute in the future.

Be safe!

People learn by example or they don't learn. I've taught for twelve years, so I know this to be true.

I also have learned that if I am too afraid to say what I think, then I should not be living in this country anymore. I will NOT permit fear of anything or anyone, from allowing me to lead my life the way I choose to (and if some ideas trickle down to a few folks, so much the better).

Every ONE is AFRAID! That's why no one is protesting, all the legislation is a band-aid that does no good.

FEAR (and corruption) is what is preventing reform. I've got bigger things to worry about than people trying to steal things from me (like what kind of country my CHILDREN will have to live with during their lifetimes).

In the big scheme of things, seems to me anyway, that honesty and telling "it" like it is, are the only ways we are going to move forward from this travesty of justice.

Anyone here think I've been mis-representing myself? Good, That is my WHOLE purpose! I want everyone to know, and I'll be as honest as a human being can be. By playing it "safe" (sorry for the pun), we are not spreading the word to other people and that is exactly HOW CHANGE WILL NOT OCCUR.

Live on your feet or die on your knees, we all at least, get to choose which.
(I hope you know where I stand)
V/R

JT

[dummass]

Re: Sinclair: Time for delivery

JT,

You are my hero. I admire your courage and frank honesty; I wouldn't have made the above comment if I didn't. Yet, I'm not sure that your message would be diluted without your personal information so tightly interwoven.