He is talking about bullion coins, not Comex stocks, although even Comex deliverable bars are trading at record premiums above spot.
It is no joke, really amazing. 2 years ago I was regularly paying $4-5 over spot for Krugerrands, now $50 over is a deal. No one is selling.
Yes, one could...
People in other countries buy US assets because they want US assets. It is not "mercy" nor is it charity.
If they want to sell those assets, that is their decision as well.
Obama is the most left in an already leftist Congress. Why would you assume his socialist policies would be tempered by the Congress?
The US fairs best with animosity between the executive and the legislature. Nothing gets done.
You assume that "intelligence" (whatever that means to you) is more important than principles.
Putin is no doubt very intelligent by whatever measure you want; would you want him to be the protector of your personal and economic freedom?
Boy Cutten,
Most of your posts are so intelligent they are a pleasure to read, but this one is a complete departure from reason and balance. You sound like you write for Daily Kos.
So just how did Bush shred the Constitution?
How was he responsible for 9/11?
What innocents did he...
You expected that I would agree with you that your conclusions were wrong? Very prescient of you.
I did not continue the discussion because you lack certain education and understanding that makes intelligent discourse possible. I don't have the time too explain to you how markets work, why...
No wonder you only post an average of 10 times a year. The idiocy of ET must drive you crazy. :)
Too busy trading to post much, but I read all the postings of a few ET'ers, yourself included.
Oh really? I suppose there should be no laws requiring us to pay taxes? There should be no laws against racial discrimination? There should be no law requiring doctors to actually be educated doctors and lawyers to pass the BAR exam? There should be no laws requiring our children to go to...
But I also realize that freedom is only possible because of the laws that keep us from falling into chaos and anarchy. Ironically, laws are an integral part of freedom. Same sort of concept with the free market.
In a free society, the only just laws are those that protect one citizen's person...
Since you seem to be a lover of freedom and free markets, your admiration of an anti free trade, pro government regulation, socialist candidate is perplexing. Perhaps you are blinded by a hatred of Bush, who is a regular Ludwig von Mises compared to Obama.
In addition, just because Buffett...
He has spent hundreds of millions to promote his collectivist, statist ideals, the so-called "open society." Here is some anti-freedom nonsense of his:
"I consider the threat from the laissez-faire side more potent today than the threat from totalitarian ideologies."
"People must be free...
Are you trying to argue that Jefferson was a socialist. You are a fool.
From the the same letter:
"Vagabonds, without visible property or vocation, are placed in workhouses, where they are clothed, fed, lodged, and made to labor."
It was 10 years taxation on US source income. The law was recently changed. Now if you renounce, you must pay tax on all unrealized capital gains. I do not believe the 10 years of tax is still in effect.
This is the root of the problem. The US population is largely retarded, and we get the government we deserve.
Short of another American Revolution, repealing the 16th Amendment would set America right again. That is really all that's needed. Less money (for the government), less mischief...
I personally can't drink Beam, perhaps because it really suffers by comparison to other bourbons, but probably because I abused it in college. I can't really enjoy drinking something that I have thrown up so many times.
But some of Jim Beam's small batch stuff is really good, particularly...
I like the way you guys hijack the thread to talk about matters of importance.
Gotta back up the JD Single Barrel call. Hands down best whiskey for your buck. Maker's is solid too, but I can confirm the "gimmicky" culture of the brand after having toured the distillery. I guess it doesn't...