1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Metals

Discussion in 'Members' Lounge' started by Cashizslick, Apr 5, 2011.

  1. Cashizslick

    Cashizslick !i!i!i!i!i!i!i!i!i!i!i!

    Messages:
    5,751
    Likes Received:
    37
    Joined:
    Aug 15, 2003
    .... are screaming today. $1453 gold and $39 silver as of 1pm on 4/5.

    [​IMG]

    [​IMG]
     
  2. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,056
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    what goes up must come down

    i cant really decide if the dollar is just losing its ass and gold is justified, or if its all this america is gonna collapse, rush for gold, world economic instability thats leading to a huge bubble

    i personally think gold is gonna have a decline

    also predicting hyper inflation as the fed just stands by and watches as the rest of the world raises interest rates, but what can we do? raise rates while trying to recover?
    its a no win situation
     
  3. Cashizslick

    Cashizslick !i!i!i!i!i!i!i!i!i!i!i!

    Messages:
    5,751
    Likes Received:
    37
    Joined:
    Aug 15, 2003
    If we yank up the interest rate and drastically cut taxes, things may improve. People will get paid more and have an incentive to save it, unlike now where savers are getting punished.

    Also, here are the 10 year charts:

    Gold
    [​IMG]

    Silver
    [​IMG]
     
  4. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,056
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    along with the tax cuts we need to drastically cut spending
    and the way things are going, the white house is running around like a "insert name here" with a tax check, so i don't see any spending cuts coming anytime soon
    and of course, cuts to gov't spending directly impacts jobs and job growth
    so will the tax cuts be enough to get the economy moving enough to absorb the even greater influx of unemployed?

    and ffs, whats with the gov't using the people on unemployment as their % marker while not including the people who have already ran out of their 2 years extension on unemp and still arent finding work
    so much for transparency
     
  5. eg6sir

    eg6sir Supa Mod Moderator VIP

    Messages:
    21,703
    Likes Received:
    321
    Joined:
    Aug 17, 2005
    Location:
    661 BK CA
    gotta love how everything drops just as Obama gets in office.. silver and gold are on a steady rise, just after April of 08 they drop like no other.. next please!
     
  6. Cashizslick

    Cashizslick !i!i!i!i!i!i!i!i!i!i!i!

    Messages:
    5,751
    Likes Received:
    37
    Joined:
    Aug 15, 2003
    You could say there is correlation between these graphs and obamas disapproval rating.
     
  7. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,056
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    This generation is gonna say I remember when gold was cheaper than an oz of herbal supplements.
     
  8. Briansol

    Briansol Admins Admin VIP

    Messages:
    21,448
    Likes Received:
    2,110
    Joined:
    Nov 18, 2007
    Location:
    CT
  9. DarkHand

    DarkHand Senior Member VIP

    Messages:
    5,117
    Likes Received:
    241
    Joined:
    Sep 30, 2002
    Location:
    Chicago, IL
    Gold is more than doubled in 5 years too... Since gold itself remains (mostly) stable and the value of the dollar fluxuates around it, doesn't a doubling of the dollar value of gold mean that the dollar is half as valuable as it was 5 years ago? :ph34r:
     
    Last edited: Apr 5, 2011
  10. BodyDroppedNikes

    BodyDroppedNikes ...PENDEJO.... VIP

    Messages:
    10,593
    Likes Received:
    103
    Joined:
    Sep 28, 2002
    Location:
    caught in a mosh...
  11. klyph

    klyph Dismember VIP

    Messages:
    6,342
    Likes Received:
    262
    Joined:
    Aug 14, 2006
    Location:
    North Pole, AK
    I remember when it was "worth it's weight in gold".
    Pretty ridiculous.
     
  12. Capt. Orygun

    Capt. Orygun Win the Day

    Messages:
    7,180
    Likes Received:
    121
    Joined:
    Nov 11, 2002
    Location:
    Oregon
    I don't think lowering taxes will help at this point for the simple reason that other incentives, such as a low interest rate, haven't improved the housing market.

    the inertia in this recession puts us in uncharted water. the 2001 recession was a tech stock bubble, there was nothing to it of substance. Once the market corrected it recovered and we were off and running.

    Compare that with what the 91 production recession did to the places effected like Detroit. What followed since has been a 21% depopulation of the area and to this day it has never recovered to what it was once. There is instead a "new normal."

    Instead of auto manufacturing what we have here is a bubble based on empty houses. Until the vacant home percentage, and foreclosures, go WAY down normal rebuilding incentive such as tax breaks will do very little, just as lower interest rates have failed to improve the housing market.

    If we do recover I'm guessing it doesn't start until tax return time of next year, when the second run of foreclosures has ended.
     
  13. efhondakid

    efhondakid My name is Byron. VIP

    Messages:
    7,034
    Likes Received:
    202
    Joined:
    Mar 2, 2007
    Location:
    Akron-Canton, Ohio
    Dayton stopped making gold wheels some time ago because the price of gold was too high.
     
  14. Briansol

    Briansol Admins Admin VIP

    Messages:
    21,448
    Likes Received:
    2,110
    Joined:
    Nov 18, 2007
    Location:
    CT
    Until our tax code is changed and makes it profitable for business to stay in and work out of the USA, our economy will be forever fucked.

    And it's your fault. You bought the good made in china because it was $5 cheaper than the one made in the USA. It's my fault for buying foreign cars. Its the countries' fault for lettings the idiots breed more idiots and a failure of an education system on the whole with people who just don't give a shit and expect to be taken care of with food (stamps), (public) housing, (gov't) cell phones, and on and on and on......

    FDR started it in the 30's and its simply too late now. If you cancel it, poverty will be so widespread that those who work for a living will be robbed, killed, mugged, and have all of their stuff stolen in a matter of months. Because people aren't honorable any more. No respect.

    So, unless we get a ctl + alt + del from a meteor, or nuc bomb, things will NEVER get better. No matter who's in office. ALL of these people need to change, and they won't, so they need to die.
     
  15. reckedracing

    reckedracing TTIWWOP VIP

    Messages:
    21,056
    Likes Received:
    1,180
    Joined:
    Dec 5, 2002
    Location:
    NY
    pretty dramatic closure there
    is this your "final solution"?
     
  16. Briansol

    Briansol Admins Admin VIP

    Messages:
    21,448
    Likes Received:
    2,110
    Joined:
    Nov 18, 2007
    Location:
    CT
    It's the only plan that will ever work. We dug our own grave and the only way out of it is a change of mentality (which you know as well as i isn't going to happen) or their deaths. Without either, we all suffer and live with the shit our socialist forefathers have left us.
     
  17. Cashizslick

    Cashizslick !i!i!i!i!i!i!i!i!i!i!i!

    Messages:
    5,751
    Likes Received:
    37
    Joined:
    Aug 15, 2003
    Uncanny how everything in this video is coming true, especially about the wage increases/decreases.

    YouTube - Ross Perot Giant Sucking Sound
     
  18. hondarin

    hondarin Please enter a value using 50 characters or fewer. VIP

    Messages:
    1,955
    Likes Received:
    125
    Joined:
    Feb 15, 2005
    Location:
    Texas; where else?
    it's not the taxes that make the companies leave, it's the cost of work like Perot stated. Companies get good tax breaks if they have good lawyers. Jon Stewart was talking about some company the other night that paid 0 in taxes for last year.
     
  19. Cashizslick

    Cashizslick !i!i!i!i!i!i!i!i!i!i!i!

    Messages:
    5,751
    Likes Received:
    37
    Joined:
    Aug 15, 2003
    That company was GE

    The GE-Obama affair, and Jeff Immelt

    GE and obama want the same things - crony capitalism... where the government is a huge “partner”.
     
  20. Cashizslick

    Cashizslick !i!i!i!i!i!i!i!i!i!i!i!

    Messages:
    5,751
    Likes Received:
    37
    Joined:
    Aug 15, 2003
Verification:
Draft saved Draft deleted

Share This Page