Marketsurfer's bold gold proclamation

Status
Not open for further replies.
Quote from MandelbrotSet:

Oh I don't know about that.

Surf called the top in CROX long before
More...

The operative words are "long before". Wasn't he shorting it in the 40s and CROX went into the 70s???
 
Quote from MandelbrotSet:

Oh I don't know about that.

Surf called the top in CROX long before it even thought about taking the eagle's dive that it's been on, hell look where is is now ... in this shitter, just where he said it would be.
More...

but this is a stock, look how wrong hes been on oil. he seems to think the commodities run-up is due a mass of ayn rand disbelievers joining on a amateurish speculative orgy that is due to blow up at any time, yet history shows that these runups last longer than what the silly contrarians seem to think it should
 
Quote from daddyeaux:

it is store of value, in 1920, a oz. of gold would buy you a custom 3 piece suit...

and today, an oz. of gold would buy you the same suit

a dollar held in the bank would have suffered a massive devaluation

as seen in attachment

the Fed. is thusly screwing people who save money in low yielding garbage, namely their own paper
More...


well, yeah. however, every one with a job that could have afforded that suit in 1920, similar jobs now, the same people can still afford the suit. if you make 1000.00 a year, but suits are 95 cents, if you maker 100k a year and suits are $95.00. if you make 1 million a year and suits are $950.00--- the same suit--what's the difference?

devaluation of the dollar must be correlated with earnings and other currencies, false correlation comparing it with gold.


its all relative wthin the closed system.

surf
 
separate your ability to earn money from devaluation...

sure, if you're increasing your earnings faster than devaluation, you can buy better stuff..

I was reffering to constant 1920 dollars being held for 88 years and then spent...

they wont buy a box of rocks
 
Quote from daddyeaux:

separate your ability to earn money from devaluation...

sure, if you're increasing your earnings faster than devaluation, you can buy better stuff..

I was reffering to constant 1920 dollars being held for 88 years and then spent...

they wont buy a box of rocks
More...

right, the money going into gold are from savings not from future income, the market perception of the value of those savings going forward is what will drive gold
 
Still think he's way wrong, and the wrong way to boot.

Debt will have hit $10 trillion by then by Apr 09.

Its the big round number problem that redefines the meaning of big. Just a matter of time.
 
Bought today just after the Fed cut.

I don't pretend to know where exactly it goes by what date, but I sure as hell gon't see it going below $850 again, anymore after today.

They shouldn't have cut, IMO.
 
Status
Not open for further replies.
Back
Top