Seriously, Shut The F*(k Up Already...

[devilgoob]

Hey, you think you know, but look at history.

You haven't seen anything crazy, no you haven't.

Oh prophetic one, tell me.

 

[Guest 150314]

The real question: do either of these guys, spastic gramps or headiez247 even grow?

 

[headiez247]

The real question: do either of these guys, spastic gramps or headiez247 even grow?

This is the toker's den and thus that doesn't matter, but go ahead and click my name and then click "view headiez247's forum albums"

 

[Guest 150314]

grow as in currently growing, but nice setup nonetheless!

 

[Stoner4Life]

the OP's made a mockery of you all arguing the same shit one more time.......

 

[SpasticGramps]

The real question: do either of these guys, spastic gramps or headiez247 even grow?

The real answer is WTF does that have to do with anything? This is the TD and I use to grow.

Gold bitchez. Long and strong. Dollar plumbing new lows today. Congrats to everyone holding paper. You may be getting nominal yields, but given the rate of currency depreciation you are getting poorer.

 

[CascadeFarmer]

the OP's made a mockery of you all arguing the same shit one more time.......

I don't really see that. I don't think he's laughing too much lately considering his mounting losses.

They're all just opinions. I think it's somewhere in the middle in some ways but Gramps real life approach will prove out in the long run regardless of what happens in the world and aside from anything he says. I listen to what he says and look at the data he posts and fit that into what I think and see where applicable. The world is not going to 'end'...well actually there are many recorded extinction cycles on the planet and someday...

I think we are in the middle of a major adjustment in how things function in the world. Don't know what that looks like yet.

As for people who endure large losses in stock portfolios I just don't get it. People need to learn some basics about the market and pay attention. It ALWAYS flashes particular warning signs at tops and this time was no different. If you wanna just hold regardless of what may happen just buy some Put options against your positions or in the general market as insurance (hedge). You can sleep better at night. While a bit more to it than this basically gains in the Puts offset the losses in the stocks. Dump your insurance if the market improves. Minimal risk, minimal cost and at some point you'll be very grateful you bought the insurance and while others around are getting ulcers and pulling their hair out at the least you'll be looking at a net no change in your holdings.

 

[CascadeFarmer]

You may be getting nominal yields, but given the rate of currency depreciation you are getting poorer.

Yeah that.

 

[SpasticGramps]

If it was 5 years ago, sure. But to buy actual gold right now is pretty dumb considering how inflated it is.

We aren't even parabolic yet IMO. I'm looking for a pullback (maybe a stunner No QE3 announcement at Jackson Hole?). The price of gold isn't inflated. The value of fiat currency has deflated and will continue to do so as long as we print and keep interest rates at 0% (ZIRP). Which looking at the way things are going will be, oh I don't know, forever.

Fundamentals for physical metals rocks. Gold is already replacing the USD as the reserve currency in "flight to safety" trades. Given our most recent meltdown everyone was piling into gold and the Swiss Franc instead of the USD. Just about every major finance publication states that USD will no longer be the reserve currency of the world in a few years. Hedge your capital accordingly or it's into the poor house.

The Swiss Franc was the last remaining believed stable fiat currency. So many people bought it during the current "flight to safety" that now they have to print to compete in the race to the bottom. The SNB said they were going to peg the Franc to the Euro lololol. Obviously not a viable solution and was quickly dispelled. They along with the Japanese and everyone else will sit helplessly and watch as Bernanke drops kicks their economy into a deflationary squeeze by killing their exporters.

Long and strong on my "tradition" and barbarous relics.

Central Banks' Demand For Gold Quadrupled In 2nd Quarter WSJ

LONDON (Dow Jones)--Central banks are topping up their gold reserves, quadrupling their total purchases from the market in the last quarter as they seek to reduce their dependence on traditional reserve currencies such as the U.S. dollar.

Even with gold prices at record highs, emerging markets' central banks have revived the official sector's gold-buying interest. They are diversifying their foreign exchange reserves, which have grown along with their export industries. More recently, they've also bought gold in reaction to the persistent sovereign-debt crises affecting traditional reserve currencies, like the dollar and the euro. Analysts say this trend is likely to continue.

"We expect to see additional demand support from official-sector purchases as numerous influential countries are becoming bearish on the status of the U.S. dollar as a reserve currency," said analysts at Swiss bank Credit Suisse.

Central banks bought 69.4 metric tons of gold in the second quarter, more than four times the 14.1 tons reported a year earlier, the World Gold Council said Thursday.
During the first half of the year, central bank gold purchases totaled 192.3 tons, more than 2 1/2 times the 72.9 tons bought in the first six months of 2010, the council said.
Prior to 2009, however, central banks had been net sellers of gold bullion for around two decades. Analysts say the metal was viewed as an antiquated investment and, given the metal's low value during the 1990s to early 2000s, officials opted to lighten their holdings, largely in favor of fiat currency.

The demand growth from the official sector--which includes central banks and other institutions like the Bank for International Settlements--is luring other investors back into gold. Buying by official institutions makes it a more attractive asset, as it's seen as a sound alternative store of value.
Gold prices rallied to a fresh record high of $1,826.61 an ounce in the spot market Thursday, as equity markets and other risk assets continued to tumble on deepening concerns over the health of the U.S. and euro-zone economies.
Gold is widely viewed as a safe-haven asset in times of economic uncertainty.

So central banks increased buying PHYSICAL gold 400% over the last quarter at these prices. Somehow I doubt they are the dummies.

 

[hunt4genetics]

Regardless of what happens to the economy, I intend to be totally not dependant on the grid. Every day I get closer. In spite of the fears, times like this should encourage everyone to be a little more free from the system. If all you can do is grow a tomato plant, do it.

It's all about action, you can create the world that you want.

Whether you think you can, or whether you think you can't, either way you are right.

 

[crazybear]

I think the question should be what can be done to change things before, it's too late if it isn't too late already!

 

[robbiedublu]

My loss I guess lol.

Not too late. Plenty of room to run still. Silver making a move also.

 

[lost in a sea]

The truth is, Americans are the most resilient people on earth.

just a bit of a sweeping statement there lol

imo, <5% of americans are amongst the most resilient people on earth,, the rest are metropolites brought up for the slaughter,,

 

[hunt4genetics]

I have faith that even the most spoiled, pampered people on the planet, will rise to the occasion when push comes to shove. Most people won't just quit and perish. I was born into a world where I go to a supermarket and buy food with money. If I was born into a world where farming and hunting was the only was to survive, I would be hunting and farming. If the grid crashes, I am sure that after a brief adjustment period, life will go on.

Will I miss my oreo cookies? Yes.

But wild berries are just as good.

Better!

 

[SpasticGramps]

Some invest in this. Some invest in that. Some are winners. Some are losers.

That's not to say we won't be able to buy Oreo cookies anymore. It's what currency will they be available in is the question IMO. Hyperinflation isn't a Mad Max fantasy or a conspiracy. It's an economic and psychological phenomenon that occurs when fiat currency is abused. Look back several hundred years and it happens all the time.

It's a, as Beoncide Bernanke would put it, "transitory" state.

If we can come to grips that we really aren't that important and monetary shenanigans are cyclical, then it may be easier to see ourselves in the context of a few redundant pages in a future history.

But, we have American Excetionalism so we are good to go. We can monetize as much as we want and the normal laws of economics are powerless to affect us.

History repeats itself. Except this time it's the reserve currency being potentially hyper-inflated.

Fizzy bitchez. STFU aboot STFUing.

 

[LovableHuggable]

If our currency crashes I'll be richer not poorer. We have so much crap of use that you could potentially barter with.