RTG-57-2009-11-25
26/11/09
Discussion of the ‘new gold monetarists’ and I suppose I am one. The CNBC guest throws out $11,000-$50,000 per ounce which could be a little high. This goes in-depth towards the bottom of the liquidity pyramid. The more you begin to understand economics and monetary science the more you will realize just how much is packed into that tiny little graphic.
[CORRECTIVE NOTE: I have been hoarding platinum not palladium. But if I could find a cost effective way to hoard palladium, like GoldMoney with platinum, then I would also hoard palladium. I am not a fan of a 6.8% premium.]
Posted in: Podcast | | Comments (4)
Ghost Chasing,
Trace,
I never know where you are !
I guess that How To Vanish thing you got down pat.
So, now I got this physical Silver Jason got me into, and now this
Gold Money thing because of you , and Palladium now ??
Maybe I’m just kinda dumb and can’t write so eloquently but if I’m ahead of the curve I’ll look brilliant when it’s all said and done huh?
“El Matador ” (dont bring a toothpick to a sword fight with Trace)
may have a new name as the “Swami” !
Just lately I’ve carefully made some buys as you called them and ya know? with all the other stuff I read it wasn’t too hard to trust your intuitions.Funny how the writing is ALL OVER the walls !
Thanks for all the effort you put in for us that maintains our freedom.
Oh yeah, Bloomberg is calling for Copper to correct 25% down!
(That’s like believing John Nadler doesn’t have night sweats ! LOL !)
Hell ! what are we gonna use for money when Silver is scarce ?
Happy Thanksgiving !
Me and my two bird dogs will have a place set for you as an honored guest today.
See ya in Phx.in Feb.2010
Jay
Comment by Jay — November 26, 2009 @ 1:03 pm
Hello out there!
Q: So if the Swedish government dont want to save (buy) the car-
industry then that´s a good thing..?
To save the money as long they can ..
Comment by Mikael — November 26, 2009 @ 2:34 pm
@Mikael
No government should save (buy) any industry. This is not a proper function of a government. To do this is to abuse its power.
If an industry has made a mistake and ended up insolvent it has to go bankrupt. All its unsustainable obligations will be wiped out. What is left will be bought by a new owner and the reborn industry will be able to continue efficient production.
When a government buys an insolvent industry it forces the taxpayers to subsidy the industry and by this prevents the market from free functioning. No government bureaucracy is capable of replacing the market.
A government can try to replace the market only by enslaving and robbing its populace. This is what we have in the USA.
Comment by Leo — November 27, 2009 @ 12:18 am
[...] over year) which hates gold like werewolves hate silver, had a serious discussion about the ‘new gold monetarists‘ which included the quote, “That is what the new gold monetarists are saying. If you [...]
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