matthalifax
Member
- Joined
- Jan 23, 2009
- Messages
- 223
For the last couple months I have been obsessively following Gerald Celente, Jim Rogers and Peter Schiff. I've just absorbed everything about the financial crisis; articles, interivews, reports, absolutely everything. I've seen all different point of views and have noted the people who have no conflicts of interest, have no partisan points of views and if been mostly on the money and have taken their advice simply off all forms of media. I was brought into this idea by Ron Paul. I was a democrat before I discovered Paul.
Anywhoo back to the financial crisis this my portfolio for anyone interested
60% Gold
20% Europac
10% Papyrus Australia ppy.ax
10% Cash (AU$)
I"m from Australia so Gold has just continously gone up making new highs. I think you American's will find that the US dollar is way overvalued due to deleveraging and once it goes back down the true gold price against the us dollar will appear.
Ok so from all the information absorbed these are my predictions. I strongly believe that Gerald's Celente's prediction the crash of 09 will happen. That things will really start to fall apart in February, March so in the next couple months or a bit later (as predicted by celente just listen to some of his latest appearances). I think that gold will go through the roof at some point. I believe there's a possibility of manipulation - 'check out gata.org' for the evidence. I also think there's a high possibility the government will take action to stop people hoarding gold or put some kind of tax or something IN AMERICA. But i think most other countries will probably be fine.
The shit is really going to hit the fan when the altae and option-arm mortgages start re-setting as you can see this video (60 minutes segment that no-one seem to take notice of). http://www.youtube.com/watch?v=w_r-ASDViF8
I was thinking about the economy the other day and it occurred to me. As the ECONOMY gets worse more people are UNEMPLOYED and less people can make the mortgage payments causing higher FORECLOSURES. Which increases SUPPLY of housing which further negatively affects the Economy and the Government since so many companies and the government own these mortgage-backed securities etc etc and how housing is core to the the whole economy. See how it just goes in cycle economy gets worse again unemployment increases foreclosures increase housing prices fall economy gets worse unemployment increases foreclosures increase .......
The main reason I believe Peter Schiff, Gerald Celente, Jim Rogers
Peter Schiff: Predicted the whole financial crisis see youtube -
Jim Rogers: Did too, also was one of the only ones to predict the short term rally in the dollar
Gerald Celente: Been right fucking on the money literally. Here's a video of him in December 2007 saying we're in a recession (when everyone including Bernanke were like the economy is fine) and predicting exactly what would happen in 2008. Funnly enough on December 1st, 2008 the National Bureau of Economic Research officially declared america in recession since December 2007! See article "It's official: Recession since Dec.'07" http://money.cnn.com/2008/12/01/news/economy/recession/index.htm?postversion=2008120112Right when gerald celente was shouting on that TV show we were in the recession. My favorite line from the December 2007 interview was "7 billions dollars worth of real estate with 30 million down, who does deals like this!"
Anyway Gerald has said on numerous occasions that he has all his money in gold.
Now I don't know if you have heard about the Black Swan but it's a brilliant book which if you read you realize how much we really don't know. One thing that hit me was that it was mathematically impossible to calculate the trajectory of a billiard ball hitting another ball then another 8 times ( i'm pretty sure that's the right number) can you imagine how impossible it is to predict was is going to happen.
So I realized after reading that book that unless I actually knew what was going on in a company i just couldn't invest with them. It's just TOO RISKY. So Gold is my saviour. It's solid, it's real, it's not a promise. It's in the Mint right now but I'm going to get it delivered. It can't defraud me and I mean you'd have to be dumb not to buy Gold right now. Just go to wikipedia and look up gold and you'd find this sourced from the LSX
In general, gold becomes more desirable in times of:
Bank failures
When dollars were fully convertible into gold, both were regarded as money. However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins. If people feared their bank would fail, a bank run might have been the result. This is what happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and to outlaw the hoarding of gold by US citizens.[18] known as Executive Order 6102 which has since been ended.
Low or negative real interest rates
If the return on bonds, equities and real estate is not adequately compensating for risk and inflation then the demand for gold and other alternative investments such as commodities increases. An example of this is the period of Stagflation that occurred during the 1970s and which led to an economic bubble forming in precious metals.[19][20]
War, invasion, looting, crisis
In times of national crisis, people fear that their assets may be seized and that the currency may become worthless. They see gold as a solid asset which will always buy food or transportation. Thus in times of great uncertainty, particularly when war is feared, the demand for gold rises.[21][22]
Like an exact summary for the times ahead. Anyway Gold all the WAY!
Oh i forgot to mention so four weeks ago I put most of my money in gold about half a million it's up 15 percent !!!!!! 5 percent in the last 12 hours. Just insane
Anywhoo back to the financial crisis this my portfolio for anyone interested
60% Gold
20% Europac
10% Papyrus Australia ppy.ax
10% Cash (AU$)
I"m from Australia so Gold has just continously gone up making new highs. I think you American's will find that the US dollar is way overvalued due to deleveraging and once it goes back down the true gold price against the us dollar will appear.
Ok so from all the information absorbed these are my predictions. I strongly believe that Gerald's Celente's prediction the crash of 09 will happen. That things will really start to fall apart in February, March so in the next couple months or a bit later (as predicted by celente just listen to some of his latest appearances). I think that gold will go through the roof at some point. I believe there's a possibility of manipulation - 'check out gata.org' for the evidence. I also think there's a high possibility the government will take action to stop people hoarding gold or put some kind of tax or something IN AMERICA. But i think most other countries will probably be fine.
The shit is really going to hit the fan when the altae and option-arm mortgages start re-setting as you can see this video (60 minutes segment that no-one seem to take notice of). http://www.youtube.com/watch?v=w_r-ASDViF8
I was thinking about the economy the other day and it occurred to me. As the ECONOMY gets worse more people are UNEMPLOYED and less people can make the mortgage payments causing higher FORECLOSURES. Which increases SUPPLY of housing which further negatively affects the Economy and the Government since so many companies and the government own these mortgage-backed securities etc etc and how housing is core to the the whole economy. See how it just goes in cycle economy gets worse again unemployment increases foreclosures increase housing prices fall economy gets worse unemployment increases foreclosures increase .......
The main reason I believe Peter Schiff, Gerald Celente, Jim Rogers
Peter Schiff: Predicted the whole financial crisis see youtube -
Jim Rogers: Did too, also was one of the only ones to predict the short term rally in the dollar
Gerald Celente: Been right fucking on the money literally. Here's a video of him in December 2007 saying we're in a recession (when everyone including Bernanke were like the economy is fine) and predicting exactly what would happen in 2008. Funnly enough on December 1st, 2008 the National Bureau of Economic Research officially declared america in recession since December 2007! See article "It's official: Recession since Dec.'07" http://money.cnn.com/2008/12/01/news/economy/recession/index.htm?postversion=2008120112Right when gerald celente was shouting on that TV show we were in the recession. My favorite line from the December 2007 interview was "7 billions dollars worth of real estate with 30 million down, who does deals like this!"
Anyway Gerald has said on numerous occasions that he has all his money in gold.
Now I don't know if you have heard about the Black Swan but it's a brilliant book which if you read you realize how much we really don't know. One thing that hit me was that it was mathematically impossible to calculate the trajectory of a billiard ball hitting another ball then another 8 times ( i'm pretty sure that's the right number) can you imagine how impossible it is to predict was is going to happen.
So I realized after reading that book that unless I actually knew what was going on in a company i just couldn't invest with them. It's just TOO RISKY. So Gold is my saviour. It's solid, it's real, it's not a promise. It's in the Mint right now but I'm going to get it delivered. It can't defraud me and I mean you'd have to be dumb not to buy Gold right now. Just go to wikipedia and look up gold and you'd find this sourced from the LSX
In general, gold becomes more desirable in times of:
Bank failures
When dollars were fully convertible into gold, both were regarded as money. However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins. If people feared their bank would fail, a bank run might have been the result. This is what happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and to outlaw the hoarding of gold by US citizens.[18] known as Executive Order 6102 which has since been ended.
Low or negative real interest rates
If the return on bonds, equities and real estate is not adequately compensating for risk and inflation then the demand for gold and other alternative investments such as commodities increases. An example of this is the period of Stagflation that occurred during the 1970s and which led to an economic bubble forming in precious metals.[19][20]
War, invasion, looting, crisis
In times of national crisis, people fear that their assets may be seized and that the currency may become worthless. They see gold as a solid asset which will always buy food or transportation. Thus in times of great uncertainty, particularly when war is feared, the demand for gold rises.[21][22]
Like an exact summary for the times ahead. Anyway Gold all the WAY!
Oh i forgot to mention so four weeks ago I put most of my money in gold about half a million it's up 15 percent !!!!!! 5 percent in the last 12 hours. Just insane
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