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I think the Fed and Government will make every attempt to do everything possible to avoid a long term deflation. The only thing worse than owing $11 trillion with another $50 trillion of promises and getting caught in a deflationary spiral would be printing enough to put us into a...

I dunno. I had all sorts of newsletters and advisors saying to short the bonds a few weeks ago, and they've really gotten creamed by 20% so far. If the Fed could push the rates down then, they could keep doing it, easily, perhaps without even trying if the market overall goes into another...

I think it more likely that everyone BECOMES a bank, or part of a bank in 2009, just to get access to government bailout money. Luckily its just paper, so they can always print more of it to pay off depositors.

If that's true, they are falling into the same trap that has led to hyperinflation elsewhere, aren't they? My guess would be that they would try to create enough additional money and credit to somehow get the economy to a positive bias, and then slowly remove it after rates are back to...

Boy, I sure wouldn't risk my money in some company's pool account.

Its like a perpetual hedge option out till 2017. It means they can't sell those projects, I'd guess, but beyond that it means they get away with it having no effect on current earnings that they sold 9.5 mm oz forward well below current prices. I think they are ADDING to the cost and value...

I'm a cost accountant and even I get fooled, but not twice by the same trick. Suffice to say that things aren't always what they seem, and that "cash cost" is a number they die very quickly and very surely below. Above it they just die more slowly without profit.

Yeah, 9.5 mm oz is a heck of a lot of gold, no matter the terms. I think its like 40 or 50% of the gold reserves in those projects. I see it as a kick the can game, and I don't like their not booking that $5 billion loss on the income statement, because I know it will eventually raise the cost...

BTW, I think the possibility of a "long term deflationary spiral" would or will exist if the government stops playing borrower of last resort. I don't think they will CHOOSE to stop borrowing, but I think it could get to where foreigners are no longer willing to lend the US government more...

They might not be HAPPY with it, but the reality is that I think if you look around, you'll find that those who still have good credit after the topping of this credit orgy, have good credit because they don't borrow, and those who are looking for credit are mostly those who the banks consider...

Oh, I dunno that. I've got a few hundred k waiting on the sidelines that I might buy a couple bars with some of if it goes into $600's again. Coins are pretty pricey anymore, even the plain jane stuff.

Or in Morgan dollars, or old dimes, even I've never met anyone daring enough to try such a thing. Better to not do business than risk a jail term over it, IMO.

I think its a function of available money and credit combined, times the velocity of it, or total spend. The money supply has increased, so that must not have caused it. Consumer credit has declined a small amount in the last month, but its up year on year, so I don't think it declining is...

There was recently a case where an employer paid his employees in US silver and gold coin at face value and the IRS tried to nail them for it, but from what I read the IRS lost the case. Bartered goods are taxed at their value. I don't think its so bad that dollars won't be accepted by...

I believe it has a few days left to go, so I don't think its over yet, but I don't see any probability it will default. The last I heard about 40% of the COMEX gold was requested to be delivered in Dec.

Good choice. Better than almost all others except GG and AEM. Barrick's CASH cost was $466/oz last qtr. That doesn't include the costs to buy the land, explore, build the mine, equip it with trucks, build a mill, finance it, or pay any overhead salaries or administration. They made 11...

I guess Madison and Jefferson's fears have been realized, but that wasn't really my point. My point was that for a hundred years people have made fun of the Continental dollars and Confederate dollars being so worthless, and now we find that our "real" money is not even worth half as much as...

Ok, name one, LOL. You might want to look at their 10q before typing. Agnico-Eagles bad qtr was as result of low zinc and copper prices for example.

If they did, they'd have made a LOT of money in 2008, and none did that I recall, even the quarter when it hit $1000. Look at Goldcorp or Agnico-Eagle, even. They brag about their low costs, yet are only able to make pennies a share when gold was at all time highs. At $450 maybe they...

Remember those sayings? Ever try taking a Confederate $20 bill to a store and buying something? I bought some Confederate money when I was a kid because it was cool looking. Cool looking, but almost worthless. 50 cents I paid for each $20 bill, I think. My Dad said I was foolish to waste...