tag:blogger.com,1999:blog-7982981413278241287.post8488009088792101338..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: There's Just NO Reason To Be Long The U.S. DollarDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7982981413278241287.post-79403852882048984042011-04-21T06:10:58.245-06:002011-04-21T06:10:58.245-06:00No idea Don. Watch Congress and watch what people...No idea Don. Watch Congress and watch what people in the Administration say. And watch blogs like this. If I see any indication I'll write about it. There have already been Congressional hearings with academic presentations on the idea.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-54410597187387877662011-04-21T02:31:25.474-06:002011-04-21T02:31:25.474-06:00Dave,
Do you have any time frame or estimate for ...Dave,<br /><br />Do you have any time frame or estimate for when any government move to nationalize 401K/IRA assets might occur? Are there any pre-move signs to look for? Thanks.Donhttps://www.blogger.com/profile/02944211559839620616noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-53709163545961532292011-04-20T23:52:02.774-06:002011-04-20T23:52:02.774-06:00Regarding "Atlas Shrugged", I had an enc...Regarding "Atlas Shrugged", I had an encounter with Objectivists in college. Due to a family crisis I had to get a room in the Dorm at NYU. There was only one spot left so I took it. After I moved in I found out why that spot was available. The other three roommates were Objectivists, followers of Ann Rand. One was the president of the Objectivist Society, one secretary, and one regular member. What a dead bunch! We were 20, in college, living in Greenwich village and these guys spent every night in the dorm. I lived with them for 9 months in 1969 and never once did we have a memorable conversation. They lived in their heads and ideas and everything else passed them by.<br /><br />Of course it wasn't until much later that I heard about Ann Rand's infatuation with a serial murderer and her lack of human compassion. Society can be judged on how it treats its old, and sick, and its children. I shudder to imagine Ann Rand's ideal society. <br /><br />But I've heard that she accepted Social Security benefits when she was old. Like her student Alan Greenspan, Ann Rand apparently was willing to abandon her principles for a price.<br /><br />BTW one of the Objectivists from my dorm found a girl friend late in the year. It didn't last long and he spent the remainder of the term moping in his bed heartbroken. I learned one important thing from the Qbjectivists. Ideas are dandy but life in its mercy and compassion sinks them sooner or later.<br /><br />I won't be going to see Atlas Shrugged but I'll be back here enjoying your work.<br />thanks,<br />MarkMark Snoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-69716303697404059502011-04-20T18:44:31.306-06:002011-04-20T18:44:31.306-06:00Dave, Don't look now, but the dollar is fallin...Dave, Don't look now, but the dollar is falling off of the cliff...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-42256450201098108542011-04-20T17:57:13.216-06:002011-04-20T17:57:13.216-06:00"forces us to use the dollar and invests our ..."forces us to use the dollar and invests our retirement funds for us into Treasuries, as I believe that the retirement fund asset base in this country will be the "buyer of last resort" to keep your Government operating and well-fed."<br /><br />I have long thought this as well. Unreal. How they do it will be tricky; I can imagine a program where 401k's that hold X$ of treasuries would be FDIC like guaranteed but if you go another route it is not safe. Some others come to mind but I don't want to give them any ideas.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-3145783654050094012011-04-20T15:02:47.984-06:002011-04-20T15:02:47.984-06:00http://www.zerohedge.com/article/eric-sprott-expec...http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits.<br /><br />Hold the silver.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-47652695887451552332011-04-20T13:53:52.444-06:002011-04-20T13:53:52.444-06:00Was the percent decrease in Gold much less than th...Was the percent decrease in Gold much less than the % decrase in Silver back in late 2008?<br /><br />(Sorry, too busy to do the research but would like to know the answer to this question.)Mammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-30095605187694829552011-04-20T13:27:35.713-06:002011-04-20T13:27:35.713-06:00was just looking at the myself. i'd ride it. ...was just looking at the myself. i'd ride it. where do you think the gold/silver ratio is going? <br /><br />if you think you might might want the flexibility of mobility out of the country in the next few years, i'd probabaly move 30% of the silver into gold. nothing majic about the 30%, just using it as an example.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-12945643240444182992011-04-20T12:30:34.818-06:002011-04-20T12:30:34.818-06:00Dave,
Regarding holding physical precious metals....Dave,<br /><br />Regarding holding physical precious metals. I have about 100 oz of silver for every 1 oz of gold. It has worked out amazing as you know silver has outperformed pretty much everything. Going forward though do you think it would be wise to shift more towards gold. My thinking is that as wti continues to climb & food prices the global economy is going to move back into recession thus forcing a major liquidation in most assets again and silver will tumble where as I expect gold to hold up fairly well. Thanks in advance for your opinion!JDhttps://www.blogger.com/profile/03706124434369024650noreply@blogger.com