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View Full Version : Be honest, you crave for hyperinflation.


Mats Wheellander
10-09-2010, 06:53 AM
10K gold would make many here very rich people and part of the next upper class once the dust settles.

It's normal to wish for it to happen.

Let's not even mention how miners will perform in such a scenario going up possibly 10000 % or more.

If it does, I would say use your new found position of elite for the best and remember the times when you were strugling yourself.

Cheers.

golditiki
10-09-2010, 07:15 AM
10K gold would make many here very rich people and part of the next upper class once the dust settles.

It's normal to wish for it to happen.

Let's not even mention how miners will perform in such a scenario going up possibly 10000 % or more.

If it does, I would say use your new found position of elite for the best and remember the times when you were strugling yourself.

Cheers.

That's certainly true if you are in yr thirties / fourthies and heavily indebted, but i wonder if people here on the board who get a pension want to see things go abust.
They rather see PM's as a relatively easily convertible concentrated preservation of the value of their savings.

I am not wishing the end of Frnsbut the end of the scams which inflated their value and engendered this blow-up.
What use was it to give everybody the great feeling and then overnight make them that poor, lice do not even want to live on them?

Golditiki+++

Mats Wheellander
10-09-2010, 07:23 AM
That's certainly true if you are in yr thirties / fourthies and heavily indebted, but i wonder if people here on the board who get a pension want to see things go abust.
They rather see PM's as a relatively easily convertible concentrated preservation of the value of their savings.

I am not wishing the end of Frnsbut the end of the scams which inflated their value and engendered this blow-up.
What use was it to give everybody the great feeling and then overnight make them that poor, lice do not even want to live on them?

Golditiki+++


The title of the topic is a bit provocative obviously but I thought it worthwile to bring under attention that people who own gold and would like to see it explode to the upside isn't that uncommon.

I think we all have times when we think of it, just as there are times when we think of the downside of gold being at such hights.

McLovin
10-09-2010, 08:11 AM
10K gold would make many here very rich people and part of the next upper class once the dust settles. Cheers.

I don't think I would like to pay $10,000 for a suit. I own some PMs to protect against this kind of an event but I am certainly not hoping for such an event. I would like to see gold drop because the US Government stopped spending and paid off its debt and we became free (as in liberty) country again.

mtacchi
10-09-2010, 08:18 AM
Most North American people are careless, overspend, have no idea how to manage or invest their finances,
and believe all the propaganda that the government or Fox news tells them.

They deserve to perish or become serfs. I don't say it lightly, but its true.
By buying into the notion of 'free government' and 'endless credit, while not educating themselves in the least, JPM, GMS and everyone else managed to
get America into this position.

We need more independent thinkers and those who can manage themsleves.
I don't think 10,000USD/Gold (is that @ 1300 /oz or @ 5000/oz?) will be enough,
but I reckon if you had 20 ounces of gold, you'd likely be able to maintain something close to
your current lifestyle.


Those that don't become soylent green.:cool:

mk3hunter
10-09-2010, 09:14 AM
I'm not the reason why this country is in debt.
I'm not the reason why this country's moral structure is failing.
I'm not the reason why this country will have another civil war.
I'm not the reason why this country is taking away freedoms past. generations have had all in the name of "security".
I'm not the reason why this country has 130 military bases 80 countriesa and yet we're not an empire.
I'm not the reason why this country is forgeting its founding fathers.
I'm not the reason why this country has two pro-Govt political parties.


I am working hard for my family.
I am teaching my kids about God and the founders and words that america just plays with ...like LIBERTY. This country plays with that word.
I am preparing my kids, in small ways, for what I think they will face, that I alone can not correct.


To be honest, I dont crave hyperinflation
To be honest, I dont crave your Bull$hit OP
To be Honest, I dont crave seeing this country weak (and thinking the only way its strong is by an enslaved people paying for a military and welfare)
To be honest, I dont crave telling my kids that my generation doesnt hold a candle to and is a failure compared to americas first generation founders.

fl57caveman
10-09-2010, 09:18 AM
i would happy only in one sense, that i was right on my research & predictions about the dollar were right..

$25 loaf of bread will suck.

HardlyPeeved
10-09-2010, 09:57 AM
Many on these boards are preparing for the future.

Gold and Silver are insurance policies.

Many here are setting up backyard farms, water supplies/filters, defenses, and other preps.

I am not sure anyone want to see a Mad Max future, but more here are preparing for it (rationally).

StephenHawkinsVoiceBox
10-09-2010, 10:00 AM
Problem is in hyperinfation £10000 would probably buy a tea bag!

HardlyPeeved
10-09-2010, 10:03 AM
Problem is in hyperinfation £10000 would probably buy a tea bag!

Grow your own.

or

Get a way to buy your own with Gold and Silver.

Stretch3479
10-09-2010, 10:20 AM
OP: You have a very simplistic and naive way to view this part of the world.
- I buy car insurance, but hope I never need to use it
- I buy house insurance, but hope i never have to use it
- I buy health insurance, but hope I never have to use it
- I buy economic insurance, but hope I never have to use it

Simple enough for you to understand?

Mats Wheellander
10-09-2010, 10:41 AM
I'm saying the argument of insurance is being abused.

If gold was only bought as a mere insurance there wouldnt be any jihaaaa look at gold going to the moon topics!!!!!!! on Kitco.



Tell me honest you own gold and you are sad when it goes up and I take off my hat for you.

MoMoney
10-09-2010, 11:06 AM
Most North American people are careless, overspend, have no idea how to manage or invest their finances,
and believe all the propaganda that the government or Fox news tells them.

They deserve to perish or become serfs. I don't say it lightly, but its true.
By buying into the notion of 'free government' and 'endless credit, while not educating themselves in the least, JPM, GMS and everyone else managed to
get America into this position.

We need more independent thinkers and those who can manage themsleves.
I don't think 10,000USD/Gold (is that @ 1300 /oz or @ 5000/oz?) will be enough,
but I reckon if you had 20 ounces of gold, you'd likely be able to maintain something close to
your current lifestyle.


Those that don't become soylent green.:cool:

Mt. Acchi;
The people aren't the problem...the problem has been the system set up by very rich people that run the world--you know the ones that control everything and meet a few times a year.
Would you blame an abused child for his wounds and scars?
C'mon, sir!!!!! :(

golditiki
10-09-2010, 11:11 AM
I'm not the reason why this country is in debt.
I'm not the reason why this country's moral structure is failing.
I'm not the reason why this country will have another civil war.
I'm not the reason why this country is taking away freedoms past. generations have had all in the name of "security".
I'm not the reason why this country has 130 military bases 80 countriesa and yet we're not an empire.
I'm not the reason why this country is forgeting its founding fathers.
I'm not the reason why this country has two pro-Govt political parties.


I am working hard for my family.
I am teaching my kids about God and the founders and words that america just plays with ...like LIBERTY. This country plays with that word.
I am preparing my kids, in small ways, for what I think they will face, that I alone can not correct.


To be honest, I dont crave hyperinflation
To be honest, I dont crave your Bull$hit OP
To be Honest, I dont crave seeing this country weak (and thinking the only way its strong is by an enslaved people paying for a military and welfare)
To be honest, I dont crave telling my kids that my generation doesnt hold a candle to and is a failure compared to americas first generation founders.

well you should take the pole out of yr *ss and drive that one in the *ss of those who did all what you didn't do and did'nt do what you did. Because the green wood will be burnt with the dry if you don't react NOW.

Seen reps and dems, are two faces of the same coin, vote an unknown daring guy who ;
1) promises to jail those who got you all there
2) says that if somebody will hide them you are gonna bomb them where-ever they are
3) nationalizes the FED and banks for the time being,
4) you give him carte blanche for 2 years to do what is necessary to be done ( suspend temporarily if necessary the constitution and other laws ) after which you vote again.

Maybe then you might see the end of the tunnel.

This remedy i do not only prescribe to the US, it fits all western countries entangled in OUR ( oh yes) mutualized idioties.


Golditiki +++

really_bigair
10-09-2010, 11:11 AM
I'm saying the argument of insurance is being abused.

If gold was only bought as a mere insurance there wouldnt be any jihaaaa look at gold going to the moon topics!!!!!!! on Kitco.



Tell me honest you own gold and you are sad when it goes up and I take off my hat for you.

Mats,

You can have whatever opinion you like. We however are free to disagree with you.

I have no desire to use gold as a method of getting rich. I do have a desire to preserve the bit of wealth that I have accumulated over the last 30 years. I worked very hard to save this money. I sacrificed and always lived well below my means. I'm supremely pissed off about the fact that I even need to buy PMs in order to help secure my economic freedom, but it is the hand we've been dealt.

I do not crave hyper-inflation. I dread the thought of it. Buying PMs provides me a bit of comfort regarding my families economic future.

The only happiness I get from increasing gold/silver prices is just knowing that I was correct about the direction of the world's economic situation and knowing that my personal sacrifices are not in vain.

Peace to you Brother......

really_bigair

mtacchi
10-09-2010, 11:16 AM
They elect the 'evil doers' sir.
They don't bother to LEARN what is going on.
They are LAZY.

I have a friend that was beat by her husband.
Some neighbours and I helped her a few times.
She kept going back.. It's her fault.
People get mindf*cked, but its still their fault for getting there.

Read the above posts of others. No one here is advocating a socialist
nanny state. People need to be made accountable.

I didn't make them get houses they can't afford.
I didn't make them all have new cars on 0% 7 year terms
I didn't make them buy new flat screens on no money down today scam terms.

America's forefathers recognized in the Declaration of Independence there would come a day when liberty would need to be 'renewed'.
Its just been easier to take the status quo hasn't it.

savagegoose
10-09-2010, 11:24 AM
i crave my savings ; money i earnt and ferreted away, to buy the same as it was woreth when i stashed it away. not theives whittleing it away thru other methods than robbery.

if you dont want hyper inflation go bug DC, i dont care either way, i want my wealth in my hands.

iammci
10-09-2010, 11:44 AM
Of course I don't want hyperinflation, but I do want the opportunity of $10,000 gold.

Do you think when 1980 occurred with the 24x run up in price, everything else in society ran up along with it? Of course not. Bread wasn't 24x the price, neither was gas, the electric bill, etc. Those invested either capitalized on upwards of a 24x increase in purchasing power, or lost a TON when the price ran back down after. Yes, I want that opportunity in my life, and no it doesn't necessarily mean hyperinflation.

You can look at the situation as a collapse of an empire, or just another wealth cycle as Mike Maloney would call it. Obviously a collapse of a fiat currency will happen, how long it can be played out we'll never know until it fully collapses, but meanwhile investors are riding cycles of investment opportunities. I view gold as both a hedge, and an investment potential opportunity. Of course you never eliminate your minimum position for insurance purposes, but if there's an opportunity in land, some asset of real value, it could be worth pursuing.

We understand that all world currencies are inflating at an incredible rate. This may be true to the point where the dollar isn't 2 cents of the 100 cents it is currently known to be now, but now only worth half or even less than that, and maybe it sits there for decades. We have no time frame on this. The dollar might be dead in a few years, it could go on for decades at new low values. Who knows, but I do know I want gold to increase my purchasing power immensely over and above that inflation value, before potentially shuffling that money elsewhere, in attempts to try and capitalize on other purchasing power increases.

If you are sitting in an investment which is break even, or worse, losing money for you, your investment makes you a loser because inflation is beating you. You have to be in investments that are beating inflation to either maintain against the loss, or push ahead of it. That's why I want $10,000 gold, in a similar fashion as in 1980. When the mania starts, I have no doubt we will see that increase in purchasing power, only who knows to what extent.

mk3hunter
10-09-2010, 11:52 AM
Theres no pole in mya$$ Golditiki....but you might want to check yours....you assume too much....

JohnE
10-09-2010, 01:49 PM
4) you give him carte blanche for 2 years to do what is necessary to be done ( suspend temporarily if necessary the constitution and other laws ) after which you vote again.


Golditiki +++

Has that ever worked out well, anywhere, anytime?

ray1268
10-09-2010, 02:12 PM
10K gold would make many here very rich people and part of the next upper class once the dust settles.

It's normal to wish for it to happen.

Let's not even mention how miners will perform in such a scenario going up possibly 10000 % or more.

If it does, I would say use your new found position of elite for the best and remember the times when you were strugling yourself.

Cheers.

No one wants hyper inflation .Think what happened in the Weimar Republic of Germany . Hitler came to power as the result . However we can not control the world governments . So protect yourself and family .How high can gold and silver go . In Germny a regular stamp cost 1 billion marks . I have them in my stamp collection
However you are not going to be wealthy !!

ray1268


ra1268

rothko
10-09-2010, 09:30 PM
10K gold would make many here very rich people and part of the next upper class once the dust settles.

It's normal to wish for it to happen.

Let's not even mention how miners will perform in such a scenario going up possibly 10000 % or more.

If it does, I would say use your new found position of elite for the best and remember the times when you were strugling yourself.

Cheers.

to be honest I should think most people view owning gold as insurance and as a practical matter for dealing with the uncertainties of the economy. While most would be happy to have a working insurance policy, I would also guess that most would be sad for their country's general position. Most people understand this with a balanced portfolio, if one thing goes up it may mean the other goes down. With gold going parabolic it would be a pyrrhic victory.:eek:

nuts4gold
10-09-2010, 10:13 PM
Physical PMs are just another tool to help survive during a period when They initiate their depopulation plan. Will all your tools and preps help you be one of the 500 mil of the post depop plan...

Got Goldies
10-09-2010, 10:17 PM
10K Gold? Its truly time to start buying. The forum is froth city. Hyperinflation only robs people of their savings, and it does not make anyone rich. If Gold was 6 million, toilet paper is 500K.

Element 79
10-09-2010, 10:27 PM
I don't think I would like to pay $10,000 for a suit. I own some PMs to protect against this kind of an event but I am certainly not hoping for such an event. I would like to see gold drop because the US Government stopped spending and paid off its debt and we became free (as in liberty) country again.

The suit analogy has already been debunked.

A suit of the type in question in the turn of the century 1900s was handmade by a tailor requiring hours of labour and expensive materials.

Not the cheap chinese crap thats factory made in under an hour with junk materials that you can buy for a song.

At todays prices the 1900's suit would cost $8000+

An ounce of gold in the late 1800- early 1900s was a fortune.

Average Joe Blo weekly wage was 80 pence. 240 pence to a pound. There were $4.85 to the pound. Price of gold per ounce was $20.67. So gold was roughly £4.25 an ounce.

So doing the maths roughly. 13 weeks of wages got you an ounce of gold.

13 weeks of worth for a suit today?

Can you see the truth now? How cheap gold is?

Mrpublic
10-09-2010, 10:36 PM
OP: You have a very simplistic and naive way to view this part of the world.
- I buy car insurance, but hope I never need to use it
- I buy house insurance, but hope i never have to use it
- I buy health insurance, but hope I never have to use it
- I buy economic insurance, but hope I never have to use it

Simple enough for you to understand?

I agree the OP is provocative, but I think there is more to gold/silver/PMs than insurance.

Do you

- go to internet forums to talk about your car insurance?
- go to internet forums to talk about your house insurance?
- go to internet forums to talk about your health insurance?
- Apparently you do go to internet forums to talk about your economic insurance!


;)

fledgling
10-09-2010, 11:59 PM
N O P E :p

mojo1
10-10-2010, 12:10 AM
Of course I don't want hyperinflation, but I do want the opportunity of $10,000 gold.

Do you think when 1980 occurred with the 24x run up in price, everything else in society ran up along with it? Of course not. Bread wasn't 24x the price, neither was gas, the electric bill, etc. Those invested either capitalized on upwards of a 24x increase in purchasing power, or lost a TON when the price ran back down after. Yes, I want that opportunity in my life, and no it doesn't necessarily mean hyperinflation.

You can look at the situation as a collapse of an empire, or just another wealth cycle as Mike Maloney would call it. Obviously a collapse of a fiat currency will happen, how long it can be played out we'll never know until it fully collapses, but meanwhile investors are riding cycles of investment opportunities. I view gold as both a hedge, and an investment potential opportunity. Of course you never eliminate your minimum position for insurance purposes, but if there's an opportunity in land, some asset of real value, it could be worth pursuing.

We understand that all world currencies are inflating at an incredible rate. This may be true to the point where the dollar isn't 2 cents of the 100 cents it is currently known to be now, but now only worth half or even less than that, and maybe it sits there for decades. We have no time frame on this. The dollar might be dead in a few years, it could go on for decades at new low values. Who knows, but I do know I want gold to increase my purchasing power immensely over and above that inflation value, before potentially shuffling that money elsewhere, in attempts to try and capitalize on other purchasing power increases.

If you are sitting in an investment which is break even, or worse, losing money for you, your investment makes you a loser because inflation is beating you. You have to be in investments that are beating inflation to either maintain against the loss, or push ahead of it. That's why I want $10,000 gold, in a similar fashion as in 1980. When the mania starts, I have no doubt we will see that increase in purchasing power, only who knows to what extent.

I like this answer :)

Oz Waver
10-10-2010, 12:28 AM
The suit analogy has already been debunked.

A suit of the type in question in the turn of the century 1900s was handmade by a tailor requiring hours of labour and expensive materials.

Not the cheap chinese crap thats factory made in under an hour with junk materials that you can buy for a song.

At todays prices the 1900's suit would cost $8000+

An ounce of gold in the late 1800- early 1900s was a fortune.

Average Joe Blo weekly wage was 80 pence. 240 pence to a pound. There were $4.85 to the pound. Price of gold per ounce was $20.67. So gold was roughly £4.25 an ounce.

So doing the maths roughly. 13 weeks of wages got you an ounce of gold.

13 weeks of worth for a suit today?

Can you see the truth now? How cheap gold is?

Where did you get these figures from exactly?

Gold Bouillon
10-10-2010, 05:10 AM
Re: comments and criticism on gold/silver as insurance and being happy to have it.

All the analogies of gold/silver to insurance are a bit off target. Insurance doesn't stop damage, it is there to help rebuild/replace what is lost. Protection instead prevents said loss.

Gold/silver is more like storm shutters or a bullet-proof vest for your portfolio rather than home or health/life isurance. Going with a hurricane analogy, gold/silver will prevent your finances from being blown away. Other parts of your life, perhaps society as a whole, will need to be rebuilt but your finances will still be standing.

And while going through that hurricane, fiscal or physical, you will huddle, scared spitless, in your relative safety while the winds of destruction howl around you. But you will also be glad and thankful that you put up protection. It doesn't mean you are happy that the storm came, or that there was death and destruction, but only for the knowledge that you were right.

For whatever reason, you not only came across the right information at the right time, but were able to reach the correct conclusions, ignore dissuasive elements, and finally, were able to act in time. As hokey as it may sound to many, for me that reason is devine guidance. Yeah, I know some may laugh, or barf, but I just have to say there have been too many chance events, coincidences, and subtle nudges for me to believe other than that God wanted me to chose this path.

Synergyx
10-10-2010, 05:24 AM
During the Weimar republic hyperinflation, you could buy one or more houses for a gold coin. However, as there were price controls on rent, your income was virtually nothing and yet your expenses were rapidly escalating. When Germany recovered from hyperinflation, the speculators who bought property and machinery using extensive loans who thought hyperinflation would last forever, mostly ended up bankrupt when they were unable to pay their loans.

One of the first things that FDR did when he became president was executive order 6102, which as you know is the forbidding of the hoarding of gold, gold coin and gold certificates. Needless to say, nobody today would want to bury their gold in the backyard for 41 years waiting the law to be repealed and to be able to legally sell their gold. In the event of hyperinflation today, if foreign governments demanded repayment in gold, where would a president be able to get that gold? By seizing gold in etf's, nationalising gold mines and paying neglible compensation in the form of hyperinflationary dollars would be the obvious solution. Unlike gold, silver is not a recognised international medium of trade. However, a US president could do exactly the same with silver citing national security concerns, as silver is a key strategic asset.

Then there's also problems in other areas as well. Once people try to exchange their money for hard foreign currency, the government will have to put controls on that as well to stop people from devaluing the local currency even further. With bartering, the problem there is that people have to buy things they wouldn't otherwise buy to effect a trade. As far as I can see there are only three categories of people who are winners in hyperinflation: criminals, politicians and the people who have left the country before hyperinflation took place. With black market trades, there is no ebay or paypal protection and the level of crime in hyperinflation would escalate at an unprecendented rate. In the midst of a severe economic downtown, it's often the case that politicians are relected. Both FDR and Hitler were both able to achieve consecutive terms in government.

All I can say is that you should hope that hyperinflation doesn't take place in your country, as these and many, many other problems are likely to occur.

http://www.bloomberg.com/news/2010-06-04/u-s-s-13-trillion-debt-poised-to-overtake-weigh-down-gdp-chart-of-day.html

kfinto
10-10-2010, 05:54 AM
Tell me honest you own gold and you are sad when it goes up and I take off my hat for you.

I'm sad because my income has not kept pace with the increase in PM prices so I cannot buy as much.

Fíréan
10-10-2010, 06:18 AM
gold is a form of saving one's assets against a devaluation of paper or other assests.
Why the request to "be honest" in these questions ? Is there an assumption that otherwise one isn't being honest ?

BC.

golditiki
10-10-2010, 06:43 AM
Has that ever worked out well, anywhere, anytime?

oh yes the time of the Roman Republic.
The problem is the whole West cocoon needs to give birth to new butterfly and that cannot be done when all kinds of obstacles of lobbies and senate and House and committees must beheard and vote.
We need common sense people who understand the economic mechanics because they have lived throughthem and not all kinds of political clowns

The will be allowed to come back on stage once the system has been redressed, in two years one cannot come to dictatorship.

Golditiki +++

eurodollarconfetti
10-10-2010, 07:44 AM
I'm saying the argument of insurance is being abused.

If gold was only bought as a mere insurance there wouldnt be any jihaaaa look at gold going to the moon topics!!!!!!! on Kitco.



Tell me honest you own gold and you are sad when it goes up and I take off my hat for you.

Hello Mats,

My first purchase of gold was in Oktober 2008. I told myself: this is an
insurance AND an indicator of how the fiat currencies are doing. I hoped
that the price of gold would go down or stay the same... in that case
I had nothing to worry about.

One year later. Oktober 2009. The gold of my first purchase was still the
same amount of gold (it didn't shrink). :)
But the value in USD or Euros for that gold had gone up significant.
My gold was "telling me" (so to speak) that the fiat currencies are inflating and I needed more protection.
So I bought more gold in 2009, and some silver.

6 months later. Same story about gold and inflating currencies, but I had enough physical IMO. I decided to invest almost all my remaining fiat currency in a silver streamer
named Silver Wheaton and in gold- and silverminers like Pan American Silver, Barrick, GoldCorp and so on. This last decision hold some risks, but I decided for it because I
have enough physical back-up in my opinion.

I did not hope for inflation or hyperinflation. I only protected myself against Banks and inflation and I discovered that the inflation is running out of control in almost
the entire world. Europe: 720 billion euros inflation, USA: trillions $ inflation, Japan: is inflating the Yen right now, China holds its currency down.

I start to wonder: "What's a billion nowadays?"

This is the first time in the history of mankind that all the fiat currencies of the world are losing their most important feature at the same time: TRUST

Gold and silver will be (or allready are) the ultimate money worldwide.
The inflation is happening right in front of our noses. And yes, there will be some deflations here and there in some places. But never forget that INFLATION is the real culprit
and Ben Bernanke is the most influentual man in the world: last month China lost 100 billion USD in purchasing power thanks to Ben. (so he is very influential)

On top of that Banks go bankrupt, Banks don't TRUST each other, so you
cannot rely on the ATM machines. You cannot rely on the government or the
Banks. This is the harsh reality that we have to cope with.

Good luck,
€$confetti

ConanTheLibertarian
10-10-2010, 09:17 AM
10K gold would make many here very rich people and part of the next upper class once the dust settles.


Cheers.

Richest person in an expanding declining ghetto.
$10 a gallon gas or milk is not something I look forward to.

They accompany 10k Gold.

nuts4gold
10-10-2010, 09:40 AM
Well I would like to see hyperinflation kept down that is one type of concern which keeps me prepping for disaster (which I do not want), however I would also hope to see gold allowed to increase without the manipulations of the paper gold scams now that would make me happy. I dread TEOTWAWKI...

torpedoman
10-10-2010, 02:44 PM
i would happy only in one sense, that i was right on my research & predictions about the dollar were right..

$25 loaf of bread will suck.

You have to be nuts to want hyperinflation, the 25 buck loaf of bread would be a great buy. Even if you have a lot of pm's you'll be broke in 3 months under the conditions it would bring, gold may skyrocket in our currency but it will still be reasonably valued in terms of the rest of the worlds currency.

the iceman
10-10-2010, 02:56 PM
10K gold would make many here very rich people and part of the next upper class once the dust settles.

It's normal to wish for it to happen.

Let's not even mention how miners will perform in such a scenario going up possibly 10000 % or more.

If it does, I would say use your new found position of elite for the best and remember the times when you were strugling yourself.

Cheers.

Um...no! Anyone who dreams of hyperinflation needs help.

wgadget
10-10-2010, 02:59 PM
Hyperinflation means chaos and anarchy, basically.

NOT GOOD.

I'll take plain old inflation, though.

The_Wise_Salmon
10-10-2010, 03:02 PM
10K gold would make many here very rich people and part of the next upper class once the dust settles.

It's normal to wish for it to happen.

Let's not even mention how miners will perform in such a scenario going up possibly 10000 % or more.

If it does, I would say use your new found position of elite for the best and remember the times when you were strugling yourself.

Cheers.

I crave for hyperinflation not to be rich, but so that the failed system we live in can be purged. The sooner it happens the better!

Got Goldies
10-10-2010, 03:06 PM
I want to see more deflation. I'm quite happy with prices for good and services falling while Gold and Silver go to the moon. Nobody wants to pay high property taxes. Jobs are not guaranteed. I heard it will take them until 2020 to get back all the jobs that were lost. I'm saving money to invest in the DOW in 2019. The PM bull will be a distant memory.

The_Wise_Salmon
10-10-2010, 03:08 PM
I want to see more deflation. I'm quite happy with prices for good and services falling while Gold and Silver go to the moon. Nobody wants to pay high property taxes. Jobs are not guaranteed. I heard it will take them until 2020 to get back all the jobs that were lost. I'm saving money to invest in the DOW in 2019. The PM bull will be a distant memory.

How many global credits will your savings get you?

Will there even be a DOW in 2019?

Palmbchtom
10-10-2010, 03:35 PM
I'm Hoping for Hyper-Good-Health.... down in Palm Beach we've seen Madoff's victims...and we've seen people with tons of $$$, yet ..what good is it,,IF your about 44 yrs old and sick.. or even 55 or 65? Ah to wake-up each morning in America and go where I want, Play a sport I want...shop/dine out where I want.. and still be in Good Health to do it..ahh that's Rich!:)
"A man isn't poor if he can still laugh"

Gold Freak
10-10-2010, 07:13 PM
The idea of hyperinflation and its consequences turning a reality is TERRIFYING ! That's why I buy PMs.

Carpenter
10-10-2010, 07:55 PM
10K gold would make many here very rich people and part of the next upper class once the dust settles.

It's normal to wish for it to happen.

Let's not even mention how miners will perform in such a scenario going up possibly 10000 % or more.

If it does, I would say use your new found position of elite for the best and remember the times when you were strugling yourself.

Cheers.

The Zimbabwae youtube film "gold for bread" shows a tenth of a gram trading for a loaf of bread.

At todays price of $1350, thats about $4 American for a loaf of bread.

If you bought gold in Zimbabwae when a loaf of bread cost $4 Zimbabwae currency,
you have gained nothing relative to gold except the number of frns you can buy with it.
Not sure I follow the predictions of wealth gained.
More like wealth retained.

altern8life
10-11-2010, 02:12 PM
The Zimbabwae youtube film "gold for bread" shows a tenth of a gram trading for a loaf of bread.

At todays price of $1350, thats about $4 American for a loaf of bread.

If you bought gold in Zimbabwae when a loaf of bread cost $4 Zimbabwae currency,
you have gained nothing relative to gold except the number of frns you can buy with it.
Not sure I follow the predictions of wealth gained.
More like wealth retained.

Wealth is always measured relative to someone else. Americans moving to extremely impoverished countries are always considered rich, even if they are barely above the poverty line in the states. Study after study shows personal happiness and satisfaction (beyond a small amount large enough for survival) is based not on absolute wealth, but wealth relative to your peers.

So, in this case, wealth retained is enough to put you on top. True, everyone will be substantially poorer than they are now. There will be much less consumption in general. But you may be able to afford that new moped to get to the market, whereas your neighbor will have to walk 5 miles to stand in the soup line.

That is what gold will do for you, and you'll be praising your foresight for investing in gold every minute you are riding that shiny new moped to the market through blowing snow. You will still have less than you have now, and the world will be producing much less than it does now, but that won't matter when everyone around you is truly destitute and you alone can afford that small luxury, and the social importance that goes with it.

TedNugget
10-11-2010, 03:00 PM
wanting false wealth while suffering is magnified and wealth no longer includes travel nor family security nor health or technological advances at the rate we have seen.................

Not good.

Did I mention a WWIII?

= = = = = = = =

I seek to maintain as much wealth as possible during a dollar devaluation/currency war/extended depression scenario. I believe something along those lines is inevitable but that hyperinflation is not.

ingots
10-11-2010, 03:13 PM
Most North American people are careless, overspend, have no idea how to manage or invest their finances,
and believe all the propaganda that the government or Fox news tells them.

They deserve to perish or become serfs. I don't say it lightly, but its true.
By buying into the notion of 'free government' and 'endless credit, while not educating themselves in the least, JPM, GMS and everyone else managed to
get America into this position.

We need more independent thinkers and those who can manage themsleves.
I don't think 10,000USD/Gold (is that @ 1300 /oz or @ 5000/oz?) will be enough,
but I reckon if you had 20 ounces of gold, you'd likely be able to maintain something close to
your current lifestyle.


Those that don't become soylent green.:cool:



yea and cnbc nbc and the rest are any better!!

captbilly
10-11-2010, 03:17 PM
I would make a lot of money if gold went to $10,000 but I could get hurt much worse in everything else I am invested in. I am no touchy feely tree hugging liberal, but I know that if most of the population is struggling from hyper inflation then I suspect that it is not going to be good for business. The world tends to do the best when the largest portion possible of people are doing well.

Bring the Gold
10-11-2010, 03:18 PM
Mt. Acchi;
The people aren't the problem...the problem has been the system set up by very rich people that run the world--you know the ones that control everything and meet a few times a year.
Would you blame an abused child for his wounds and scars?
C'mon, sir!!!!! :(
Thanks for sanity.

Waiting for the rich posters to say "NOOOO that's class warfare...hold on a minute while I take a potshot at the starving homeless person on my lawn *bang*...as I was saying we don't want class warfare...hold on I need to downsize my American workforce and set up a Malaysian Free Trade area...anyways like I was saying just say no to class warfare. Now if you'll excuse me I need to go grind some less intelligent people into dust for profit."

There is a difference between economic freedom and corporatism, until people figure that out we're in deep doodoo.

Silver Tongued Devil
10-12-2010, 11:07 PM
I do not want hyperinflation OR a deflationary collapse. I'd like it if the whole mess would go away and things would get back to "normal" but I'm not sure if that is possible considering the $14T in debt and an economy with fewer and fewer jobs. A couple of years ago I thought I was doing OK with my 401K money in a money market while the stock market tanked or went sideways. Now, gold is going up and up and up and I know my 401k is becoming less valuable but I don't trust the stock market and can't get the money out to put into gold/silver unless I quit or get layed off which I think is going to happen. These times suck. We were duped by TPTB. It's very depressing.

I'm hoping for a pullback in PM prices soon so I can buy more "insurance".

Someone said something about why don't we go posting on the internet about car/home/health insurance - I think because those things don't involve our life savings. I get on here to read other opinions to help me figure out what my opinion is.

rotschadel
10-12-2010, 11:16 PM
I crave 'fear' of hyperinflation

frankj171
10-12-2010, 11:37 PM
Most North American people are careless, overspend, have no idea how to manage or invest their finances,
and believe all the propaganda that the government or Fox news tells them.

Those that don't become soylent green.:cool:

Exactly what kind of propaganda on FOX News are you referring to?

Do you mean the VIDEO TAPES of Barney Frank and Maxine Waters back in 2005 - saying that there is no problem with Fanny Mae & Freddie Mac ... and they don't need further regulation? Or the VIDEO TAPES of Obama saying that "we need to spread the wealth around" or saying "under my plan energy rates would necessarily sky-rocket" ?