Comments on: Go Ahead, Make My Money http://dailyreckoning.com/go-ahead-make-my-money/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 18:49:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jt http://dailyreckoning.com/go-ahead-make-my-money/#comment-1309 jt Thu, 26 Feb 2009 18:43:07 +0000 http://dailyreckoning.com/?p=11888#comment-1309 Troubling all around, apparently, Fed Chairman Ben Bernanke believes it is better to light a single candle than curse the darkness, telling Congress: "We’re not making it up. We're working along a program that has been applied in various contexts. We’re not completely in the dark." (<a href="http://www.marketwatch.com/news/story/fed-knows-its-doing-bank/story.aspx?guid={E1CE645E-4A35-426C-93DB-10DBD4887DB2}&siteid=yahoomy" rel="nofollow">See here</a>) The <a href="http://www.stockresearchportalblog.com/2009/02/bernanke-says-%e2%80%98fed-knows-what-its-doing" rel="nofollow">Stock Research Portal Blog</a> finds grim humor in Bernanke's confession: "Is this to say the Fed is 'somewhat' in the dark?" Troubling all around, apparently, Fed Chairman Ben Bernanke believes it is better to light a single candle than curse the darkness, telling Congress: “We’re not making it up. We’re working along a program that has been applied in various contexts. We’re not completely in the dark.” (See here)
The Stock Research Portal Blog finds grim humor in Bernanke’s confession: “Is this to say the Fed is ‘somewhat’ in the dark?”

]]> By: Wendell http://dailyreckoning.com/go-ahead-make-my-money/#comment-1300 Wendell Thu, 26 Feb 2009 17:09:06 +0000 http://dailyreckoning.com/?p=11888#comment-1300 I believe it is unlikely the government will take away the gold because our monetary system is very much different than in FDR's day. FDR removed gold out of circulation (from everyone) so he could decouple it from paper currency so he could try to inflate his way out of the depression. What you should be concerned about is whether the government is going to steal (from everyone) their paper dollars and devalue it for the new (North American) Ameros. At a 12:1 trade you'll be able to trade your dollars for the new ameros yet the gold price will remain the same in ameros. Hows that for another reason to hold gold? I believe it is unlikely the government will take away the gold because our monetary system is very much different than in FDR’s day. FDR removed gold out of circulation (from everyone) so he could decouple it from paper currency so he could try to inflate his way out of the depression.
What you should be concerned about is whether the government is going to steal (from everyone) their paper dollars and devalue it for the new (North American) Ameros. At a 12:1 trade you’ll be able to trade your dollars for the new ameros yet the gold price will remain the same in ameros.
Hows that for another reason to hold gold?

]]> By: sg http://dailyreckoning.com/go-ahead-make-my-money/#comment-1297 sg Thu, 26 Feb 2009 16:59:54 +0000 http://dailyreckoning.com/?p=11888#comment-1297 Does anyone believe those gold ETFs actually have the gold they claim to have? Mogambo, are you buying physical gold? Does anyone believe those gold ETFs actually have the gold they claim to have? Mogambo, are you buying physical gold?

]]> By: josef zack http://dailyreckoning.com/go-ahead-make-my-money/#comment-1292 josef zack Thu, 26 Feb 2009 16:14:46 +0000 http://dailyreckoning.com/?p=11888#comment-1292 "What happens if the government steals everyone's gold" a marginal depeciation of one's wealth, because one has also taken physical delivery of SILVER, as well as, taken delivery shares of functional oil producing companies. Canadian energy trust shares comes to mind. One has also laid away about 3-6 months worth of CASH. That is, one has calculated one month's expenses with an added 10%, (in case of extraordinary single incident expenses), and has multiplied that by three to six; ergo a monly exense monthly expense repersentation. THis CASH has been stashed away in a secure and secret place. tay-dah. jZ “What happens if the government steals everyone’s gold”

a marginal depeciation of one’s wealth, because one has also taken physical delivery of SILVER, as well as, taken delivery shares of functional oil producing companies. Canadian energy trust shares comes to mind.

One has also laid away about 3-6 months worth of CASH. That is, one has calculated one month’s expenses with an added 10%, (in case of extraordinary single incident expenses), and has multiplied that by three to six; ergo a monly exense monthly expense repersentation. THis CASH has been stashed away in a secure and secret place.

tay-dah.

jZ

]]> By: Anonymous http://dailyreckoning.com/go-ahead-make-my-money/#comment-1212 Anonymous Wed, 25 Feb 2009 22:16:16 +0000 http://dailyreckoning.com/?p=11888#comment-1212 what if the government does what they did before the first "depression" and steals everyone's gold?...... what if the government does what they did before the first “depression” and steals everyone’s gold?……

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