Comments on: U.S. Government Buys Hypocrisy With Fiat Currency http://dailyreckoning.com/us-government-buys-hypocrisy-with-fiat-currency/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 04:42:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Silver Steve http://dailyreckoning.com/us-government-buys-hypocrisy-with-fiat-currency/#comment-3783 Silver Steve Mon, 30 Mar 2009 14:51:22 +0000 http://dailyreckoning.com/?p=13929#comment-3783 JMR, If you bought Gold Silver and Oil and they went nowhere then you had a very good year didn't you? Most people are down 40+%. JMR,

If you bought Gold Silver and Oil and they went nowhere then you had a very good year didn’t you?

Most people are down 40+%.

]]> By: Long John Silver http://dailyreckoning.com/us-government-buys-hypocrisy-with-fiat-currency/#comment-3614 Long John Silver Sat, 28 Mar 2009 15:25:59 +0000 http://dailyreckoning.com/?p=13929#comment-3614 Ahoy Me Matey; Cap'n Silver says It's weird how the money supply is growing so fast and yet the prices of so many things are coming down. I'll stick 1/2 way with the Mogambo. In 2002 with him pointing a musket at my head I bought Gold Doubloons and Silver Pieces of Eight and have been accumulating it ever since. The best buy was the 1/10 oz ML @ $55.00 and asking price is now is $149.00. When will I sell, never. I consider it the least I can do for my kids and grandkids given the mess in world we're leaving them. Now I do have paper Oil Gold and Silver that may get traded in and out of. And the other 1/2 is in Canadian Term Deposits getting ahhhhh 4.5%. So what do I do with my free cash flow? Buy dryed food and stock up on any thing that won't go bad. I think a bag of nails or a roll of copper tubing will be worth much more in the future. Well we'll see. I expect to see a one world government and also for Christ to return, so all this investment stuff is of little importance. Just for fun. There are vile, black-hearted villainous dogs out there and a treasure chest of gold and silver, that you can bury may come in handy one day. Fair winds to all you buccaneers !! Oh and Mogambo, you did a lousy job of swabbing the deck, so next time you'll walk the plank. Arrrrrr Long John Silver and his Jolly Shipmates. Ahoy Me Matey; Cap’n Silver says It’s weird how the money supply is growing so fast and yet the prices of so many things are coming down. I’ll stick 1/2 way with the Mogambo. In 2002 with him pointing a musket at my head I bought Gold Doubloons and Silver Pieces of Eight and have been accumulating it ever since.
The best buy was the 1/10 oz ML @ $55.00 and asking price is now is $149.00.
When will I sell, never. I consider it the least I can do for my kids and grandkids given the mess in world we’re leaving them.
Now I do have paper Oil Gold and Silver that may get traded in and out of. And the other 1/2 is in Canadian Term Deposits getting ahhhhh 4.5%.
So what do I do with my free cash flow? Buy dryed food and stock up on any thing that won’t go bad. I think a bag of nails or a roll of copper tubing will be worth much more in the future.
Well we’ll see. I expect to see a one world government and also for Christ to return, so all this investment stuff is of little importance. Just for fun.

There are vile, black-hearted villainous dogs out there and a treasure chest of gold and silver, that you can bury may come in handy one day.

Fair winds to all you buccaneers !!

Oh and Mogambo, you did a lousy job of swabbing the deck, so next time you’ll walk the plank. Arrrrrr

Long John Silver and his Jolly Shipmates.

]]> By: neville http://dailyreckoning.com/us-government-buys-hypocrisy-with-fiat-currency/#comment-3585 neville Sat, 28 Mar 2009 05:54:18 +0000 http://dailyreckoning.com/?p=13929#comment-3585 http://www.moneyweb.co.za/mw/view/mw/en/page66?oid=283166&sn=Detail Dear Richard Daughty (Mogambo Guru) Thanks for your as per usual insightful appraisal of the worlds financial state. I took out an insurance policy in 1999 when our the chancer(lor) of the exchequer the lower jaw pushing one eyed scots imbicile gordon brown sold our gold to get goldman sachs off the hook. I have just been reading all about the 2004 tsunami and one can definately draw parralels to the current economic climate. What I have concluded is that it had its epicentre in the US and spread rapidily around the world well the sad news is that was the test pattern the true full force tsunami is yet to come. But looking at the content of your essay and appreciating the full effects that it will have on gold and silver I thought I would enclose the above link to let you and others see what other commentators have to say.In addition to peter major the author of that link .I notice Peter Grandich and Peru Saxcena are among the market commentators that think its very safe to get back into the industrial markets.Getting back to the tsunami one of the things these guys must remember is not the calm waters in the middle of the tsunamis run its the devastation it causes when it hits land........and this financial haulocast,tsunami call it what you like hasn't hit the beach yet http://www.moneyweb.co.za/mw/view/mw/en/page66?oid=283166&sn=Detail

Dear Richard Daughty (Mogambo Guru)

Thanks for your as per usual insightful appraisal of the worlds financial state.
I took out an insurance policy in 1999 when our the chancer(lor) of the exchequer the lower jaw pushing one eyed scots imbicile gordon brown sold our gold to get goldman sachs off the hook.

I have just been reading all about the 2004 tsunami and one can definately draw parralels to the current economic climate.
What I have concluded is that it had its epicentre in the US and spread rapidily around the world well the sad news is that was the test pattern the true full force tsunami is yet to come.

But looking at the content of your essay and appreciating the full effects that it will have on gold and silver I thought I would enclose the above link to let you and others see what other commentators have to say.In addition to peter major the author of that link .I notice Peter Grandich and Peru Saxcena are among the market commentators that think its very safe to get back into the industrial markets.Getting back to the tsunami one of the things these guys must remember is not the calm waters in the middle of the tsunamis run its the devastation it causes when it hits land……..and this financial haulocast,tsunami call it what you like hasn’t hit the beach yet

]]> By: JMR Bureaucrat http://dailyreckoning.com/us-government-buys-hypocrisy-with-fiat-currency/#comment-3570 JMR Bureaucrat Sat, 28 Mar 2009 00:06:01 +0000 http://dailyreckoning.com/?p=13929#comment-3570 Aww, my piece got removed. Guess the truth hurts, huh? Aww, my piece got removed. Guess the truth hurts, huh?

]]> By: JMR Bureaucrat http://dailyreckoning.com/us-government-buys-hypocrisy-with-fiat-currency/#comment-3554 JMR Bureaucrat Fri, 27 Mar 2009 20:05:31 +0000 http://dailyreckoning.com/?p=13929#comment-3554 Oh Great Mogambo, whom I've read every day for two years now ... while all this cash and credit being injected into the economy some day will produce inflation, there is no real inflation to be found at present. House and commercial property prices, as well as car & furniture prices, continue to crash. Gasoline and natural gas prices are way down from summer 2008. There are so many 2 for 1 stickers at the Jewel food store, you can't help but trip over them. Admittedly, the mid-level expenses (doctor bills, vet bills, car repair and fees & taxes) appear to be rising a bit. All that added cash and credit is sitting on account at the Fed because the banks don't want to lend and no one can afford to borrow, which would increase the real money supply. Someday we will have your awful inflation, but not today, and maybe not for a long time. (P.S. bought gold, silver and oil, and they've gone nowhere) Oh Great Mogambo, whom I’ve read every day for two years now … while all this cash and credit being injected into the economy some day will produce inflation, there is no real inflation to be found at present. House and commercial property prices, as well as car & furniture prices, continue to crash. Gasoline and natural gas prices are way down from summer 2008. There are so many 2 for 1 stickers at the Jewel food store, you can’t help but trip over them. Admittedly, the mid-level expenses (doctor bills, vet bills, car repair and fees & taxes) appear to be rising a bit. All that added cash and credit is sitting on account at the Fed because the banks don’t want to lend and no one can afford to borrow, which would increase the real money supply. Someday we will have your awful inflation, but not today, and maybe not for a long time. (P.S. bought gold, silver and oil, and they’ve gone nowhere)

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