Real consequences to Beck's scare tactics

#51
#51
droski said:
it massively underperformed inflation for 20 years. the last 4 has made the difference. of course the same could be said for the early 80s. the gold price then dropped 60% after that.
Click to expand...


That's because, as is the case today, at some point the speculation is over and everyone holding gold stands there, looks at each other, and says " what do we do with this stuff now?"

Followed by the realization that there is virtually no commercial use for it anymore.

Followed by fear that, uh oh, I don't want to get caught in the coming blood bath on this.

Followed by the blood bath.
 
#52
#52
droski said:
it massively underperformed inflation for 20 years. the last 4 has made the difference. of course the same could be said for the early 80s. the gold price then dropped 60% after that.
Click to expand...

So that's why we should be bashing Beck?

You said nine months ago that gold wasn't a good investment.

YOU WERE WRONG.

At least in the short term, the thing about it is that gold has about the same buying power today it had 2,000 years ago, it is very stable in the long run.

Mathew 19; 23-34

(I can explain the 'camel through the eye of a needle' if you wish)

With the current regime running Washington no one want's to take much in the way of risks because we don't know what they will do next, particularly will the Bush tax cuts be extended or not?

Now to the rest of my post:

One good question deserves another.

Can you explain how the US government 'monetizes the national debt?'
 
#53
#53
lawgator1 said:
No, I mean, like if tomorrow he comes on the radio and says "You know, friends, in 1939, just before the Nazis tried to take over the world, people used to really value their chamber pots. Chamber pots were critical for life down on the farm. But then the Nazis got going and there was also indoor plumbing and chamber pots mysteriously vanished. One wonders if, as our society crumbles around us, we might need some chamber pots ...." followed by Beck doing a voice over for Chamber Pots, USA.

I would go buy me some chamber pots and then sell them by the side of the road. Especially like in West Virginia and Mississipi.
Click to expand...

I can tell you what I would like to do with a chamber pot, especially a full one, I'm sure you can imagine.

weiner.jpg


Call it indoor plumbing!!
 
#54
#54
gsvol said:
So that's why we should be bashing Beck?

You said nine months ago that gold wasn't a good investment.

YOU WERE WRONG.

At least in the short term, the thing about it is that gold has about the same buying power today it had 2,000 years ago, it is very stable in the long run.
Click to expand...

gold hasn't even remotely been stable long term and with teh GLD that trend will only get far far worse. consistantly going up btw isn't stable either.

and yes i was wrong. bubbles go far longer than you will think. see the dotcom and real estate bubble. predicting the top of said bubbles is extremely difficult.

as for beck i wouldn't have a problem if he was telling people to buy the GLD or gold bullion directy. i have a problem him selling this crap that is ripping people off with huge margins and something that would require a big cut to sell if people need the money.
 
#55
#55
droski said:
gold hasn't even remotely been stable long term and with teh GLD that trend will only get far far worse. consistantly going up btw isn't stable either.

and yes i was wrong. bubbles go far longer than you will think. see the dotcom and real estate bubble. predicting the top of said bubbles is extremely difficult.

as for beck i wouldn't have a problem if he was telling people to buy the GLD or gold bullion directy. i have a problem him selling this crap that is ripping people off with huge margins and something that would require a big cut to sell if people need the money.
Click to expand...

Pardon me if I don't agree with all of your predictions.

Bullion may make more sense for the large investor but not neccessarly for the little guy.

For one thing you have no way of knowing just how much or how little is the amount of gold in Federal Reserve of BIS vaults.

For another thing you know know how much the Fed and other BIS customers may or may not be leveraging the paper you push.

I take it you don't want to discuss the 'monetizing the debt' issue at all?

If you think large margins are a big rippoff and have a big problem with it, then how can you ignore even worse rippoffs that affect not only the investors but every citizen??
 
#56
#56
gsvol said:
Pardon me if I don't agree with all of your predictions.

Bullion may make more sense for the large investor but not neccessarly for the little guy.

For one thing you have no way of knowing just how much or how little is the amount of gold in Federal Reserve of BIS vaults.

For another thing you know know how much the Fed and other BIS customers may or may not be leveraging the paper you push.

I take it you don't want to discuss the 'monetizing the debt' issue at all?

If you think large margins are a big rippoff and have a big problem with it, then how can you ignore even worse rippoffs that affect not only the investors but every citizen??
Click to expand...

the little guy can buy many better things to get a direct investment in gold. hell at least gold jewelry can be worn.

who cares how much gold is in the fed's vault?

what paper am i pushing exactly?

i've heard your theory about the fed being the worst thing ever invented in human history and i completely disagree. not sure we are going to get anywhere in that discussion.
 
Last edited:
#57
#57
droski said:
the little guy can buy many better things to get a direct investment in gold. hell at least gold jewelry can be worn.
Click to expand...

Go bling blings!!

mr-t-says.jpg


I meant to add that under the new Fwank Dudd so-called financial reform act that any sale or purchase of over $600 in gold must be accompanied by a 1099 form.

I never said it was or was not the best investment in the world, I said it was stable over long periods of time, citing 2,000 years of history.

I do agree with you that firearms are always a good investment, as my dad once told me, "if you buy any gun it will always be worth more than you paid for it."



droski said:
who cares how much gold is in the fed's vault?
Click to expand...

Gold bulion investors.




droski said:
what paper am i pushing exactly?
Click to expand...

Dunno, what investments do you recommend today?




droski said:
i've heard your theory about the fed being the worst thing ever invented in human history and i completely disagree. not sure we are going to get anywhere in that discussion.
Click to expand...

That means to me, either;

a. you don't understand how the process works.

or

b. you benefit in some way therefore you don't object.

But since you seem to be, if not the foremost, then one of the foremost economists on this board and one who makes his living in the investment business, a simple question to you;

Can you or can you not explain how we 'monetize the debt?'

A simple yes or a simple no will suffice.

If yes then please explain in terms the majority of the board can understand, if not then I will explain it to you, hopefully in terms you can understand.

The focus is all on you!

party-smiley-038.gif
 
#58
#58
The Fox money editor mentioned that requirement about reporting sales. But he didn't say it was a 1099. Just said that you had to give the name and address of buyer.

Obviously, the intent of that was to feed Beck's scare tactic line -- gold is so valuable that the government is going to come take it so you need to buy it from Goldline !! I wonder if Fox would have to disclose whether this guy is also paid or getting a cut by Goldline.

And, if gold is traded as a commodity, doesn't it have to actually be a commodity? I don't know. Seems to me that at this point the main reason to buy it is the speculation that others will do so tomorrow or the next day, just like real estate a few years ago. Once it becomes clear that the speculation is over, everyone rushes to the exit...
Posted via VolNation Mobile
 
#59
#59
lawgator1 said:
The Fox money editor mentioned that requirement about reporting sales. But he didn't say it was a 1099. Just said that you had to give the name and address of buyer.

Obviously, the intent of that was to feed Beck's scare tactic line -- gold is so valuable that the government is going to come take it so you need to buy it from Goldline !! I wonder if Fox would have to disclose whether this guy is also paid or getting a cut by Goldline.

And, if gold is traded as a commodity, doesn't it have to actually be a commodity? I don't know. Seems to me that at this point the main reason to buy it is the speculation that others will do so tomorrow or the next day, just like real estate a few years ago. Once it becomes clear that the speculation is over, everyone rushes to the exit...
Posted via VolNation Mobile
Click to expand...

You are absolutely correct... it's amazaing how some peoples intentions (cough... LG... cough) are more obvious than others.
 
#60
#60
lawgator1 said:
The Fox money editor mentioned that requirement about reporting sales. But he didn't say it was a 1099. Just said that you had to give the name and address of buyer.

Obviously, the intent of that was to feed Beck's scare tactic line -- gold is so valuable that the government is going to come take it so you need to buy it from Goldline !! I wonder if Fox would have to disclose whether this guy is also paid or getting a cut by Goldline.

And, if gold is traded as a commodity, doesn't it have to actually be a commodity? I don't know. Seems to me that at this point the main reason to buy it is the speculation that others will do so tomorrow or the next day, just like real estate a few years ago. Once it becomes clear that the speculation is over, everyone rushes to the exit...
Posted via VolNation Mobile
Click to expand...

Your fascination with Beck has reached a hilarious level.
 
#65
#65
One wonders if you actually read the article you posted. While some people (not surprisingly, people who make a living selling gold) are saying that the wealthy are buying it as a hedge against a double dip, others are calling it the "ultimate bubble" and noting that the wealthy investors are buying it because they want to ride the bubble.

They are simply taking advantage of the fact that there is an irrational rush to gold right now, which is spurred to a significant degree by people promoting gold based on fear. And now, of course, you have the ultimate fear -- missing out on the ride.
 
#66
#66
"One wonders"? Are we Bob Dole now? Actually I did read this. Actually I've talked to a few brokers and investors about this as well. There are very smart investors buying gold right now. If it was such a foolish move as you say, you would not have such widespread investment in this and encouragement from many who stand to make money on this.

If you talk to an investor who is familiar with buying gold, they will say that smart investors have actually done this for some time. This isn't just some mad 1849 impulse rush out of the blue. Before Beck's commercials this existed. It has grown because the increase in value has grown.

One wonders if you like to retreat from original positions and then take on new ones as facts come in. You make this out like it's just stupid seniors listening to talk radio getting duped into this. But if you look at any similar effect like gold and you will see a pretty diverse group jumping on the bandwagon. In this case, your hatred for Beck just has you taking a swipe on the issue because of a commercial. You've ignored nuts on the Left doing the same thing and you've clearly ignored other facts on this. You might want to do yourself a favor and stop letting a hatred of Beck and some fetish of Palin, Bachmann, and O'Donnell cloud your judgment.
 
#67
#67
11l0izn.gif


I saw the following and couldn't help but think
of ACLG, or is it DCLG?? Maybe I should call him
AC/DCLG.






























blogger.jpg
 
#68
#68
CSpindizzy said:
"One wonders"? Are we Bob Dole now? Actually I did read this. Actually I've talked to a few brokers and investors about this as well. There are very smart investors buying gold right now. If it was such a foolish move as you say, you would not have such widespread investment in this and encouragement from many who stand to make money on this.

If you talk to an investor who is familiar with buying gold, they will say that smart investors have actually done this for some time. This isn't just some mad 1849 impulse rush out of the blue. Before Beck's commercials this existed. It has grown because the increase in value has grown.

One wonders if you like to retreat from original positions and then take on new ones as facts come in. You make this out like it's just stupid seniors listening to talk radio getting duped into this. But if you look at any similar effect like gold and you will see a pretty diverse group jumping on the bandwagon. In this case, your hatred for Beck just has you taking a swipe on the issue because of a commercial. You've ignored nuts on the Left doing the same thing and you've clearly ignored other facts on this. You might want to do yourself a favor and stop letting a hatred of Beck and some fetish of Palin, Bachmann, and O'Donnell cloud your judgment.
Click to expand...


I wonder if you even understand what a bubble is.

Just because some investors buy in on the way up (or at least think they are) and make money (or at least hope they will) does not make it a sound investment.

All it means is that they anticipate that there will be more speculation in it and they want a position. It doesn't mean that they think it has the value others attach to it.

Beck and Fox are scaring people into thinking they must have gold to stave off the coming calamity. Well, that and seeds so they can grow their own crops and not starve to death. As gold continues to rise almost purely now on the supposition that it will continue to rise, big investors also buy, to take advantage of the speculators.

And them bam. The speculation turns on a dime that it has had its run and everyone gets out. Who is left holding the bag at $700 an ounce? The idiots who listened to Beck and bought overpriced gold coins they can't sell for half what they paid.

And Beck just sits there and cashes his big endorsement checks from goldline.
 
#69
#69
lawgator1 said:
I wonder if you even understand what a bubble is.

Just because some investors buy in on the way up (or at least think they are) and make money (or at least hope they will) does not make it a sound investment.

All it means is that they anticipate that there will be more speculation in it and they want a position. It doesn't mean that they think it has the value others attach to it.

Beck and Fox are scaring people into thinking they must have gold to stave off the coming calamity. Well, that and seeds so they can grow their own crops and not starve to death. As gold continues to rise almost purely now on the supposition that it will continue to rise, big investors also buy, to take advantage of the speculators.

And them bam. The speculation turns on a dime that it has had its run and everyone gets out. Who is left holding the bag at $700 an ounce? The idiots who listened to Beck and bought overpriced gold coins they can't sell for half what they paid.

And Beck just sits there and cashes his big endorsement checks from goldline.
Click to expand...

Don't want to burst your cast iron bubble but you do know that gold futures closed at $1344+ yesterday?
 
#70
#70
gsvol said:
Don't want to burst your cast iron bubble but you do know that gold futures closed at $1344+ yesterday?
Click to expand...


And on some day 4 years ago my house was worth more than twice what it is today.

What's your point?
 
#71
#71
Republicans are, and always have been, about scaring people.
Duck and cover, The Rooskies are coming,.....etc. It's a shame people still believe that garbage.
 
#72
#72
lawgator1 said:
And on some day 4 years ago my house was worth more than twice what it is today.

What's your point?
Click to expand...

The point is that the fiscal policies of the
current administration are so irresponsible
that people have lost faith in their ability
to avoid meltdown and that the dollar is
losing value versus foreign currencies due
to concerns that our ablity to pay may be
in question.



volsmith said:
Republicans are, and always have been, about scaring people.
Duck and cover, The Rooskies are coming,.....etc. It's a shame people still believe that garbage.
Click to expand...

I'm no republican but I have to say most of the
garbage is coming from the mouths of democrats.

:no:
 
#73
#73
volsmith said:
Republicans are, and always have been, about scaring people.
Duck and cover, The Rooskies are coming,.....etc. It's a shame people still believe that garbage.
Click to expand...

If you don't believe the left uses similar tactics then you either follow blindly or haven't been paying attention.
 
#75
#75
The tv adds for Johnson against Goldwater (countdown to a nuclear blast while showing a child picking flowers)

And one that was used more recently during the last election cycle was Republican would cut medicare and medicaid.

At this very moment you have to look no further than the campaign adds in Florida to see scare tactics being used.

Face it both sides do this crap all the time, you just choose to overlook it when your guys are guilty.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top