tag:blogger.com,1999:blog-7774179765567947305.post6886739657243817879..comments2024-02-15T06:28:06.790-08:00Comments on Subprime JD: Gold and silver at new highsSubprimehttp://www.blogger.com/profile/00010296774091296670noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7774179765567947305.post-37267877414853315202011-01-24T11:30:00.708-08:002011-01-24T11:30:00.708-08:00Subprime, where do you go to obtain silver eagles ...Subprime, where do you go to obtain silver eagles or libertys?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-47539636457960766872011-01-18T15:05:18.501-08:002011-01-18T15:05:18.501-08:00I hear you and am on board with you to an extent a...I hear you and am on board with you to an extent about metal and other commodities. Personally, Silver seems like a better bet for most people, as it is significantly cheaper than gold right now. I was reading somewhere that silver is usually 1/16 the price of gold, and currently it is far cheaper. This is another interesting way to look at the devalued rate of the dollar, as gold prices seem to be driven artificially high given the huge demand generated by doom-sayers offering to sell you gold before the apocalypse. Personally, I'd rather have a good rifle and reloading bench if we're talking the end of the world. Either way, it seems as if it makes sense to buy Asian currencies as well, as they are projected to hold value better than the dollar in the short run and are much cheaper than gold. <br />Although for me, the question is moot. I'm still in my 2L year surviving completely off of government loans, so I have no capital to invest either way.Michael Stuzynskinoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-53123542044100912922010-12-09T06:17:35.468-08:002010-12-09T06:17:35.468-08:00US has a structural deficit that runs in the trill...US has a structural deficit that runs in the trillions;<br /><br />Overnight rates are at zero;<br /><br />The fed is currently conducting QE2 and has already hinted at QE3, Bernanke is LYING when he says that the fed is not printing money because it is;<br /><br />Obama has announced extended tax cuts and payroll tax holiday. This measures will add an ADDITIONAL $5 Trillion in debt over the next decade. How much more abuse can this nation's federal balance sheet take?? <br /><br />Until I see that the US budget in line with tax revenue, gold and silver will continue to rise. Remember that Paul Volker raised the fed funds to 16% in 1980 to break the back of inflation. After rates were raised so high the dollar rose and gold/silver fell. <br /><br />Basically, when you see our gov leaders start taking responsibility with the nations currency and finances by plugging the deficit and by raising rates, then the sell signal for precial metals is there. However, if the current recklessness prevails and continues then I fear there is no limit to how far down the dollar can go. Look at crude oil and how it popped to $90 most recently. That is ominious for the economy even though the bastards on MSM will never say it. <br /><br />Here is some analysis from Chris Martenson, my favorite analysis on the "money" issue. He fears that we will experience a hyperinflationary outcome or a really bad bout of inflation. The difference between the two is huge. Anyways, here is the excerpt:<br /><br />"Another form of money that we like to keep our eye on is not precisely money, because it is not in circulation, but is more accurately a future source of credit. Here’s what I mean: Banks make loans based on reserves they hold – this is the essence of fractional reserve banking. We like to keep track of these reserves from time to time so that we can assess how much credit might become available in the future and thereby contribute to another bout of economic growth and/or inflation.<br /><br />As you probably know, bank reserves have been growing by leaps and bounds as the money given to them by the Fed (for various assets, troubled and otherwise) gets redeposited at the Fed. One measure of this is known as the ‘adjusted monetary base,’ which is the sum of all bills and coins in circulation (just under $900 billion) plus all the excess reserves on deposit at the Fed."<br /><br />http://www.chrismartenson.com/martensonreport/dont-be-fooled-inflation-upper-handSubprimehttps://www.blogger.com/profile/00010296774091296670noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-88065748418452257162010-12-08T20:35:51.920-08:002010-12-08T20:35:51.920-08:00What is your turning point, signal for the trend g...What is your turning point, signal for the trend going down?<br /><br /><br />I'm positive gold is in a trend upwards, but for how long?<br />There are all kinds of reasons (world economics, obama, problem nations, etc).<br /><br />Anyway, gold will go up until... what?<br /><br />what are your reasons or 'things' that will happen to make gold bubble bust and start trending down.<br /><br />I'm learning from this to make my decisions:<br />http://www.goo.gl/17t4I<br />(that is a google short url link)<br /><br />So, what are things that will make you change your mind about buying gold and start selling it?<br /><br />just trying to plan ahead :)<br /><br />thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-27286385957522632382010-12-06T16:41:13.307-08:002010-12-06T16:41:13.307-08:00Bobbyfoozball:
The best way to make some coin off...Bobbyfoozball:<br /><br />The best way to make some coin off of the demise of the student loan diploma mill cartel is to short the education stocks such as corinthian college, ITT tech, apollo group, devry, et al. However, Corinthian is already down like a bastard, i.e. from $19 to $4.24 since August. Since I dont have a series 7 i cannot give investment advise. However, what you can do is do some research on some private university law school bonds and sell them short. <br /><br />And you are correct by stating that even though law school loans are nondischarge, it hurts the schools FUTURE ability to issue bonds as investors will see past performance and imply that to the future. <br /><br />On a unrelated note, observe silver as it just popped through $30 per oz ahahahahahahahahahahahhahahahahahaSubprimehttps://www.blogger.com/profile/00010296774091296670noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-32201818653723115092010-12-06T14:53:39.779-08:002010-12-06T14:53:39.779-08:00Subprime:
Your a finance guy. There obviously mus...Subprime:<br /><br />Your a finance guy. There obviously must be funds which aggregates private student loans (non-govt guaranteed) sold on the open market. And, one would think that there must also be derivatives associated with these investments. Please, please, please find me a credit default swap derivative so I can get paid when all these private placed law school loans go bust. Yes, I realize they are non-discharge, but so are alot of other debts and they are an absolute cluster for the lender to collect on too. If it is not happening already I expect that the yields on those student loan pools are going to be non-performing and continue in that trend for years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-43136869904168465362010-12-04T17:21:27.473-08:002010-12-04T17:21:27.473-08:00J-Dod:
I only buy physical gold and silver. If yo...J-Dod:<br /><br />I only buy physical gold and silver. If you want to hold some physical silver you should look at silver eagles or libertys. I don't trust ETF's such as SLV and GLD. These instruments are good to trade but if you want true insurance on your money then I recommend buying the real thing. <br /><br />As to buying gold/silver miner stocks I don't bother with these. Of course you can make/lose alot of money with individual companies. Just make sure you do your due diligence as stocks can rise and plummet with alarming speed. I can say with clarity that I know my silver coins will ALWAYS have value as they always have had value while a company can get bought out or go under due to market competition or executive fraud via accounting buggery.Subprimehttps://www.blogger.com/profile/00010296774091296670noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-38008401845498555212010-12-04T12:22:05.170-08:002010-12-04T12:22:05.170-08:00How do you feel about companies whose sole busines...How do you feel about companies whose sole business is in Silver/Gold, like Silver Wheaton (SLW) or Goldcorp (GG)? I've heard there are weird tax rules if you buy a gold/silver ETF. Do you think it's better to buy the actual metals, as opposed to owning them through securities? I've heard of people doing that, but I just always think that sounds like something the Armageddon/conspiracy/bomb shelter crowd would do.<br /><br />Awesome on the job, man.J-Doghttps://www.blogger.com/profile/10500235695920881829noreply@blogger.com