Who knows how low gold could go? The government is under no constraint. Central banks can print as much as they want.
With all this staggering amount of currency debasement, gold has got to be a good place to be down the road once we get through this correction.
Wednesday, December 18, 2013
Tuesday, December 17, 2013
Silver vs Gold December 2013
I'm not buying either gold or silver...but if I had to buy one today, I'd buy silver because it certainly has gone down more than gold. So on a historic priced-basis if nothing else, I'd rather own silver.
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Monday, December 16, 2013
Thursday, December 12, 2013
Be prepared, be worried, and be careful
2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits...Debt levels have gone through the roof, the next one's gonna be really bad.
Be prepared, be worried, and be careful.
Be prepared, be worried, and be careful.
Wednesday, December 11, 2013
The longer the delay, the more painful
We are just making the situation worse, the debt is going higher and higher, the money printing is going higher and higher.
We've had 50 or 60 years of excess in America, we're going to have to pay the price someday whether you like it or not.
The longer you delay the day of reckoning, the worse the day of reckoning will be. I'm not happy about it.
We've had 50 or 60 years of excess in America, we're going to have to pay the price someday whether you like it or not.
The longer you delay the day of reckoning, the worse the day of reckoning will be. I'm not happy about it.
Tuesday, December 10, 2013
This is going to be a crisis or semi-crisis at the least
Eventually when they [Government] say we are going to cut back, the markets are going to go down substantially, and these are people, they are just government employees, they are going to be scared to death.
So they are going to start printing again until finally the market says we are not going to take this garbage paper anymore and the market is going to force these guys to stop. That's going to be called a crisis.
Source: RT Interview
So they are going to start printing again until finally the market says we are not going to take this garbage paper anymore and the market is going to force these guys to stop. That's going to be called a crisis.
Source: RT Interview
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