[SelfPaid]

Hi Roosh V Member's
I know it might go against what most people believe and have been progammed to think But buying Gold and Silver especially now is not a Smart way to Invest you're Money let me tell you why.

If you don't want to Read my Whole Text you cane go straight to Sources where I have provided a Link to Some videos who might articulate what I am trying to say Much better since you know how my Writing and Grammer skills are I will do the best I can but you might even want to do you're own Research.

I have created this Thread because I enjoy people beeing Succesful and more important not getting scammed by the hype that is out there. Alot of people made money with real estate, gold, stockmarket ect....but most did not.

I understand that most People will still loose Money that is the Way it is Money is always transfered from a Majority that is uneducated to a Minority who is Educated and now's what to do.
Or how other's would say: The intelligent life of the stupid and the dumb life of labor No offence but that is just how it is and hase always been.

But if I can just help 1 Person to not loose anything ore maybe even make some Money I am happy with that since providing value actualy fullfils me more than just simply making money fore myself even though that is fun aswel but offtopic now.


I personaly Trade the Silver market's and see what's happening Day in and Day out and since I have Friends who are hardcore Gold and Silver Bug's and I wanted to have a fundamental Understanding I did my own Research on the history of Money and how ouer financial System works.

I am not a Geniuse I am just Guy who want's to know how to Protect his Wealth and Transfer it after the collaps to Buy things undervalued.

I will aswell Provide Link's to Ressources and Interview's to People like Bob Prectore,Peter Campell and Harry S Dent and other's who actualy explain things better than I do

If you don't own Physical Gold ore Silver ore don't Want to own it this Thread is not for you.

Alot of people think we are heading fore a Hyperinflation especially in America and the Dollar aswell ase the Euro here in Germany is going to collaps.
That is why they go and buy Gold and Silver to protect there purchasing Power against the like they imagine falling Dollar that is getting Worthless.

They think the FED is going to print so much Money and that will devalue the Dollar and since the Dollar and the PM are related Gold and Silver should shout to the Moon and than to Mars...correct me if I am wrong, but that is the theory ase fare ase i understand it.

The Problem with that, is that it doesen't really matter how much the Fed prints since Money Printing is just a Smal Percentage Part in the way that money is created in this system.

Most Money in our financial system is actualy created by consumers, business ect taking out a Loan from the Bank that is how they make there Money and how most dept is actualy beeing created.

1 Dollar Dept= 1 Dollar Networth fore somebody else that is how the System Works.

So back to now: America's Dept is Arround 16 Thrillion Dollars but on the other hand the Private Financial System 41 Thrillion Dollars.

So now ase you might have seen alot of Money (dept) hase been destroyed, Houses have lost there Value, People are not getting Job's, Houses are beeing foreclosured.

I don't live in America but it is easy to see from Europe that people are not Spending that Much Money, Bank's are not Lending that Much Money and alot of debt is defaulting since people go Bankrupt.

So what am I traying to Say here ?
When Debt is beeing destroyed rapidley in the Private Financial Sektor, there is noo need to worry about hyperinflation, since hyper inflation means to much Money is out there chasing to few Goods.

You might want to look at the opposite Szenario which is a Deflation which means that the Actualy Dollars you have in you're Pocket are rising in Value since everybody actualy need's them to Pay there Bills and the Fake Credit Dollars are defaulting.

Imagine a Bank having 100K in Real Dollars in a Save in Cash and Lending out 10 X that Amount to People which means they use Fraction Reserve Landing to come up with 900.000 Dollars that didn't even exist before.

What happens if the Person who they Loaned the Money to can't Pay back ?
The Money just Defaults and the Bank is left With only the real Money the 100k they actualy have in Real Dollars not Fiat Credit Money.

So the real Dollar's actualy get more Valuable compared to other Assets and even currencies, since most Credit Dollars have allready been destoyed true the housing Bubble and People don't Increase there Spending.

Another Argument fore Deflation is the Argument Harry S Dent Jr Uses with the Baby Boomers:

The baby boomers actualy where the generation that caused the housing inflation since at a certain Age People tend to spend the most Money and that is arround 46-50 fter that Age that most Kid's have allready leaved the home and People tend to spend less since the cost's go down which means at arround 50 + The Spending drops money is bayscily pulled out of the System to save fore Retirement and less is beeing created true credit so real Dollars increase not decrease in Value.

I want to encourage People to think fore themselfes when it comes to Money and do you're own research and what I do doesen't mean you have to do the same thing.

But I choose to hold US Dollars, not in the US but in a Secure Bank in Switzerland and next year I want to Open a Second Bank account in Honkong where I will Hold HK Dollars, US DOllars and Swiss Frank's aswell.

I am doing that not to make Money now ( There are other things I do fore that) But to have acces to my Money and be Prepared when Deflation arises and Asset's Loose Value like real estate did and I am I am looking forward into Buying my first US Real Estate starting next Year since some have dropped under replacment Value and I have the contacts to set everything up, so that I am protected against Law Suit's ect (Whole nother thread here Asset Protection)

Why don't I hold money in US Bank ? Because US Banks are over leveraged and a few of them might deffault and if that happens there is no way you ore I might have acces to that Money.
There is a Bank in Iceland called Kaupting Bank ( Do you're own Research) Who bayscily just shut the door and Saver's could'nt acces there Money, so that is no option fore me.

Why I Trade Paper Silver, both don't own it Physical
Because just like 2008 if the Dollar rises in Value PM go down and Silver especially is tied to Production, so If Production decreases the need fore Silver goes down. And People will still have to Pay there rent in Dollars so a lot of People will actualy sell there silver to pay the bills they have which will decrease the Price even more.

By Trading Paper Silver I cane buy and Sell it and make good returns with a Small Percentage of the Money I have but that option is just available if you cane actualy make Money Tradding 99% Just loose so the smartest idea might be to own Real Money under you're mattress or in a Save Bank account outside you're country. I think Simon Black hase a great guide to open forreign Bank accounts where you cane store all kind of currencies in one Account.

So I hope that might help people out who are Unsure about where to put there Money ore are interrested in all the Gold and Silver hype which to me is another way to make money using the fear of the Masses.

The bottom Line is leave youre money in Cash and you are not skiled in Investments like Real Estate, Options Trading, Building Business ect you have real Cash that you cane acces in a Worst Case szenario which will help you out Paying you're expenses (you might loose you're Job ect) Plus put you in a Position to take advantage of great buying Oppertunities that might come you're way in a few years Time.

Think about the Russian Olligarches who where able to Buy up Cheap Companys after the Sowjet Union Crash..ore People like the kennedy's after the great Crash in 1929 ore The Quandts in my home country Germany who own a Big Portion of BMW a Crisis is a Time where great Wealth is being Transfered from on Side to the Other fore some People it is Time to get Fearful fore other's it's Time to be Greedy I choose to be Greedy When most are fearful.

Take Care Eric aka Self Paid
Sources:

http://www.qwealthreport.com/blog/faq-ho...k-account/

Demographics and Economy..Harry S Dent Jr Video

Bob Prector Video Interview..Gold and Silver:VS US Dollar

Peter Camble Why the Problem is the Credit Dollar not the Real Dollar


http://www.omniintelligencer.com/Finance...omed.html.

If you are interrested in Getting Educated about Alternative Assets to Invest instead of JUst the US DOllar

[void]

there is no strategy that fits all scenarios. when big inflation comes, paper money will be worth shit.
but to me, big inflation is not likely to happen, because corporations and share holders are so greedy, that they will increase profit instead of paying higher wages to their employees.
possession of gold and silver can be prohibited.
someone wrote it on this forum, the only things of value are things you can touch, being shareholder of something or owning land/houses.
as long as the big ponzi-scheme is running, the game shall be played. earn enough cash to buy these 3 things.

[SelfPaid]

(11-03-2012 10:34 AM)void Wrote:  

there is no strategy that fits all scenarios. when big inflation comes, paper money will be worth shit.
but to me, big inflation is not likely to happen, because corporations and share holders are so greedy, that they will increase profit instead of paying higher wages to their employees.
possession of gold and silver can be prohibited.
someone wrote it on this forum, the only things of value are things you can touch, being shareholder of something or owning land/houses.
as long as the big ponzi-scheme is running, the game shall be played. earn enough cash to buy these 3 things.

It is not about fitting all Szenarios it is about preparing fore the most likely on and beeing in the right Position to take advantage of it that is what I am talking about.

I just watched a Documentary a few houers ago about Student Loans in America: People can just not Pay them back so we have:

1.People loosing Jobs to lower Wage countries and Technologie
2.People spending less Money and Saving More if the cane
3.People borrowing Less
4.Money beeing destroyed by the housing bubble
5.Student Loans that can't be paid Pack
6.People declaring Bankruptcy.

This and more are signs of a Deflationaire Szenario but to be honest I am just Preparing I will make money either way if deflation ore Inflation. I don't realy have to care.

Since I am going to own Income Producing Assets anyway I just understand aswell that the Dollar might become the most valuable currency that we have compared to others if the deflationary szenario breaks out. And not the opposite what most people think and get Worthless.

Greedy Corparations ? Corporations are not greedier than the average man on the street playing Lotto ore going to a casino hopping to make it Big. There is no shame in getting Wealthy if what you do provides value and most corporation actualy do the things that help you post on this forrum.

The truth is nobody starts a company just create jobs ore Pay Wages.
That is the reason Corporations moove oversease ore implement technologie if it is cheaper and more efficient I don't have an Online Bussiness anymore but outsourced article writing and other Tasks aswell it's self intrest.

There was a Time where asking Someone fore who you work was an Insult since it meant you can't provide fore you'reself.

Today everybody rushes to get a Job fore Life.
People actualy get into debt to get a Job ruin there life fore a JOb like a Job is something like the holy grail ore what ever.

To me it's all Brainwashing nothing against Job's since you cane learn something there and become an entrepreneure after you have learned the skillset....but demanding a Job fore live is not a smart idea in my humble opinion.


I think this Topic is quiet fascinating atleast it is to me Since I am growing up in a Time with boom's and Bust's and alot of uncertainty. Everything hase changed compared to my Parents ore even Grandparents who could just get a Job and where saved fore Life.

Today you have to actualy be you're own Job ore Create you're own Job ore more Important take you're actual income away from you working...so thinking fore you'reself and taking responsibility fore everything is key today.

That's how I see it fore me personaly and implement it and that Is the reason I could chill here and Post all day and still make Money not that I actualy want to do that.

[username]

I don't follow gold too closely, I focus all my attention on silver. A few years ago I bought 100 oz of silver at around $11 or $12 per ounce. Right now silver is at $31 an ounce. It is interesting to this this chart and how silver (and gold too) are on what appear to be a massive run up/bubble.



If it wasn't for the things like wars, oil, and economic instability driving up the price of silver then silver right now would be at around $7 to $9 an ounce. But I don't think we will ever see that price again. My guess is that silver will eventually settle down to the $18 to $25 an ounce price. Eventually the economic problems will work themselves out, currencies will stabilize, more USA wars are unlikely, but oil and other commodities will still likely be high and will keep silver propped up.

So I agree that right now is probably not a good time to buy silver just for the fact that it is pretty expensive. But I like it as a hedge against inflation and will pick up more when prices fall.

[SelfPaid]

@ Username buying Low and Knowing when to Sell is always a Great way to make Money provided you no when to exit. So if you do that you don't have to Worry about anything just Knowing when the Price is Cheap and when it get's expansive.
Most People actualy do the opposite they heared about Gold in the 80s at it's all Time High and Sell it when it's going Down just the Herd Mentality that Most People have.

So that is the reason I suggest Staying in Cash IF you don't actualy no what to do with you're Money which is Not the Case with you.

I Personaly Watch The Silver Price since that is where a Part of My Money Comes the rest is Managed by a Friend in Switzerland who is exzellent at making Money aswell and owns a Wealth Managment Company where I cane actualy See and Track what he does on a Day to Day Basis.

I Buy and Sell Paper Silver Day in and Day Out and make sure to get into Cash At the End of each Day. I have learned how to make it Work since I like getting Results fast and enjoy Free Time to improve my Knowledge and other Skills Aswel Ase just relaxing since Stress is a Succes Killer in my Reality.

Sometimes Like Last week fore Exampel I Held my Position True the Night and Made some Money Ase I slep't which is Fun but doesen't Happen everyday.

I am a believer in making Things simple and Having rules that I use so now my Trading just costs me 15-30 Minutes Per Day and I make on average 25% Return Per Day sometimes Even up to 75% ore more on News Days like Friday where I shorted the market since I soled at a High Price and New that the American News might be positive fore the US and US dollar and negative fore Gold and Silber since you Guy's have Elections next Tursday.

It's funny since what I do is Less Risky than going to a Job which unfurtnatley is One of the Most High Risk Things you cane do in my opinion and I have been there Don that and experienced the Risk People actualy can just Fire you if they find Someone better than you and the competition is Hard fore Most Jobs and they are Not Even that Fun to do anyway Even in Europe so Working for other People is Not my Cup of Tea and I actualy believe that this Model is outdated more and more People whil have to be Investore, Selfemployed Ode Entrepreneurse Out of neseity since we actualy might Not Need much JOBs we have now in 20-30 Ore Even 10 years from now do to the Technologie that improoves and the global Access Company's and individuals have Today.

So wasting 80 K on an Education System that was Created fore the industrial Revolution and fore the 19th Century isn't going to make you succesful in the 21. Century where people Need more than just a Pice of Paper where there is written this Person is a Good employee because je Hase an MBA

Nothing against MBA's I would Love to hire does Guy's if they are actualy Good at what they do but Most People just don't make it over a certain Level and stay Kind of avarage and there '' Education'' doesn't do Shit when it comes to beeing Succesful in the Real World Not a Goverment Job that is a Sad Fact but just the way it is. So I choose to choose my Teachers Wisely and I don't Listen to average People when ist Comes to Succes in Finances Relationships Emotional Health Fitness ect. I Listen to People who actualy produces Results on a Day to Day Basis Results that I want to achieve myself or I am allready achieving.


My Gold and Silver Bug Friends are Telling me Silver is going to go to 50$ an Hounce Till Dezember I don't Listen to Them anymore and I say bullshit: Why should that Happen ?
What the Fed does doesen't realy matter since they are just responsible fore arround 5% of the Money supply 95% Comes from the Private Financial Sektor and that is where most Money is Created.

We have been at arround 37,50 at February 2012 and now even After the "BiG" QE3 anouncement er are down at under 31$. Alot of Commercials are Shorting the Market and Big Money like Soros Hase allready left.

There is no Need to Hegde against Inflation Accept you actualy both Gold and Silver fore a Cheap Prize. If not why worry about an unlikely Szenario Deflation is much more likely to Happen and if Inflation should occure normal Not hyper you just have to focuss on beating it with Making More Money which is Not that Hard if you know what you 're doing.

So if you don't know what you're doing Financialy I would stay in Cash Maybe in outside of the US. If you don't have Cash use you're Brain and fucking make some. If you do have Cash and know what you're doing Financialy just keep on doing it on and do what Works. That is baysicly what I wanted to Say in this Thread.

Another Thing I have noticed beeing in Europe and Trading the Euro fore a few Months is that Investors still flock to the US dollar when Problems arise in the Euro Zone.

The US Dollar is One of the few Places alot of People cane still Store there Money in Since small currencies like the Swiss Frank have baysicly Lost there Status since the Central Bank is buying Euros now because of the High demand of the Swiss Frank which would unstabilize The economy and make Things harder fore certain industries.

The US Dollar allready is the Reserve currencie and People Holding it would Not be that much of a Problem for America but more of an Advantage since they have to Pay in US Dollars when they Buy Oil and other Goods from Outside.

[Lukecan]

Wise investors are the ones who get on the train first, the foolish ones are the folks who get on the train the last. Everyones talking about gold right now, I think the glory days of gold are over, and the bubble might burst anytime.

[Samseau]

Quote:

What happens if the Person who they Loaned the Money to can't Pay back ?
The Money just Defaults and the Bank is left With only the real Money the 100k they actualy have in Real Dollars not Fiat Credit Money.

But when government's default, the value of the currency gets destroyed resulting in massive inflation. Thus the fact that so many of the world's major government's (Japan, PIIGS, America) are on the brink of insolvency is extremely bullish for precious metals.

[kosko]

Japan has been in the "brink" for close to 20 years now though.

The PIGS and the USA are nothing - The USA can by timebomb like Japan and be on a simmering coma for a while. The UK is the biggest basket case on earth and once that pops then you can start running for the hills.

[SelfPaid]

(11-04-2012 09:30 AM)Samseau Wrote:  

Quote:

What happens if the Person who they Loaned the Money to can't Pay back ?
The Money just Defaults and the Bank is left With only the real Money the 100k they actualy have in Real Dollars not Fiat Credit Money.

But when government's default, the value of the currency gets destroyed resulting in massive inflation. Thus the fact that so many of the world's major government's (Japan, PIIGS, America) are on the brink of insolvency is extremely bullish for precious metals.

Ok I don't think the currencie will default just because the Company goes bankrupt.Look at greece in Europe they still have the Euro do they?. Going Bankrupt is a smart moove since it's not the country that suffer's but the creditors.

So If I lend you Money and you get Bankrupt you don't have a Problem I have except I was like the Mafia ore something than you would have a Problem but I don't think the Lender's of the US actualy are like the Maffia

The other argument against that is that there is no reason for the US to go bankrupt in theory they maybe should be but in real life they will do what they need to do to avoid that szenario and I don't think there are that stupid like people like to paint them even looking from outside of amerika.

The US hase a huge Problem if the Dollar would get worthless they actualy have to pay in Dollars so they will prevent that from happening.
In my eyes all this talk about hyper inflation just makes some people richer and will make other People poorer...Just check the Gold ore Silver Price from the 80s. People who bought there are still not making brake even.

Maybe Silver and Gold was real Money a long time ago now you need Cash to Pay you're Bills that's what I am trying to say here.

If you but Silver and Gold undervalued kudos to you but if not don't bother with it and keep you'reself liquid.

[SelfPaid]

(11-05-2012 12:17 PM)kosko Wrote:  

Japan has been in the "brink" for close to 20 years now though.

The PIGS and the USA are nothing - The USA can by timebomb like Japan and be on a simmering coma for a while. The UK is the biggest basket case on earth and once that pops then you can start running for the hills.

I have Family Friends in the UK ( My Dad is Born in London) And what I understand the Problem with the UK is the Sozial System correct me if I am wrong, but they have a high amount of sozial spending and that causes huge Problems aswell. Politicians like to tell people that there is something fore nothing abd a free lunch in Europe.

Same Problem in Germany our Demographics are fucked up there are just to many Old people needing Money from the system and not enough young people paying money into the System so they have to taxe retirement and increase the taxes even more.

This whole security system is just overblown in my opinion. That's why I few of my HIghscool friends have allready migrated to Switzerland and build there company's up there.

And I am happy to fly to Brazil and that means none of my Money is beeing wasted by the German goverment. Seeing where they actualy spend money really makes my head explode but never mind I am gone anyway so I don't care anymore.

In France it's even better: I just read that the president holland would like to charge people earning 1 Million Plus a Year with 75 % Taxes that's how cracy it get's. I think Monaco will be happy to have a few more residents in the next 5 Year's they actualy made it even easier to moove there now by setting up a new migration office in March ( I can't find the link but here is another on which show's the details)http://www.ilovemontecarlo.com/moving-to...ce-permit/

The great thing is while we have Problems in Europe other countries are having sollutions and are booming. There is money to made in Africa Nigeria Real Estate ( I have family there) And if I get the Tread about Gana right there oppertunities there aswell. My Business Partner informed about Brazil having great oppertunities in Real estate (haven't been there but going there soon) And I heared about Asia ore even Russia having great oppertunities aswel Jim Rogers talked about Russia in a recent interview

So fore people who are adventuros and enjoy taking Risk's there are just Sollutions out there...The average guy clinging to his 9-5 Job actualy is going to have a Problem

[SelfPaid]

(11-04-2012 08:16 AM)Lukecan Wrote:  

Wise investors are the ones who get on the train first, the foolish ones are the folks who get on the train the last. Everyones talking about gold right now, I think the glory days of gold are over, and the bubble might burst anytime.

Wise Words Lukecan the Question is not is this a Great Investment ?, but are you a great Investor

[Samseau]

SelfPaid:

Quote:

Look at greece in Europe they still have the Euro do they?. Going Bankrupt is a smart moove since it's not the country that suffer's but the creditors.

After Greece defaulted on 50% of it's debt the value of the euro dropped nearly 20% and the value of gold and silver went up around 10-15% each.

Proves my point perfectly.

[Jaydublin]

Is china still increasing their holdings by hundreds of % every year?

[Jaydublin]

(11-05-2012 02:28 PM)SelfPaid Wrote:  

[b]Maybe Silver and Gold was real Money a long time ago now you need Cash to Pay you're Bills that's what I am trying to say here.

40 years was not that long ago..especially when your comparing it to thousands of years. It's about like a guy who smokes for 20 years then quits for a day and saying "I quit smoking a long time ago"

[SelfPaid]

(11-05-2012 05:31 PM)Samseau Wrote:  

SelfPaid:

Quote:

Look at greece in Europe they still have the Euro do they?. Going Bankrupt is a smart moove since it's not the country that suffer's but the creditors.

After Greece defaulted on 50% of it's debt the value of the euro dropped nearly 20% and the value of gold and silver went up around 10-15% each.

Proves my point perfectly.

Yes you are right, but that was not the point I was trying to make. The point is a country cane be near bankrupt and still have it's currency that's what I meant with Greece. You can't compare the euro with the dollar of course people go to the dollar when problems arise in Europe. That'S the reason I own the Dollar and that'S why I advice to stay safe in US Dollars if you don't no what you're doing when it comes to Money.

If you know what you're doing good for you, you might have smarter way's to keep you're money save.

[SelfPaid]

(11-06-2012 12:57 AM)Jaydublin Wrote:  

(11-05-2012 02:28 PM)SelfPaid Wrote:  

[b]Maybe Silver and Gold was real Money a long time ago now you need Cash to Pay you're Bills that's what I am trying to say here.

40 years was not that long ago..especially when your comparing it to thousands of years. It's about like a guy who smokes for 20 years then quits for a day and saying "I quit smoking a long time ago"

Did you actualy go to a shop and pay with a Gold ounce 40 Years ago ?
I don't think so we allready had the us Dollar back than. The Times of Gold where before we actualy had created paper currency and if you look at the history that was a long time ago actualy verry verry long.

So you can't compare it with you're smoking analogy except. The Guy started smoking at the age of 4 Months, Stoped at the Age of 4 And Is know 444 That would be a more accurate.

[Jaydublin]

(11-06-2012 10:56 AM)SelfPaid Wrote:  

(11-06-2012 12:57 AM)Jaydublin Wrote:  

(11-05-2012 02:28 PM)SelfPaid Wrote:  

[b]Maybe Silver and Gold was real Money a long time ago now you need Cash to Pay you're Bills that's what I am trying to say here.

40 years was not that long ago..especially when your comparing it to thousands of years. It's about like a guy who smokes for 20 years then quits for a day and saying "I quit smoking a long time ago"

Did you actualy go to a shop and pay with a Gold ounce 40 Years ago ?
I don't think so we allready had the us Dollar back than. The Times of Gold where before we actualy had created paper currency and if you look at the history that was a long time ago actualy verry verry long.

So you can't compare it with you're smoking analogy except. The Guy started smoking at the age of 4 Months, Stoped at the Age of 4 And Is know 444 That would be a more accurate.

What about silver?????? or gold up to the early 30s?... so we are still under 100 years off gold and roughly 50 years off silver... compared to thousands where they were money

To me we have have been off the metals long enough at all to say we have moved past using metals as money

and how in the world did you screw that smoking analogy up so bad?

[SelfPaid]

(11-06-2012 05:40 PM)Jaydublin Wrote:  

(11-06-2012 10:56 AM)SelfPaid Wrote:  

(11-06-2012 12:57 AM)Jaydublin Wrote:  

(11-05-2012 02:28 PM)SelfPaid Wrote:  

[b]Maybe Silver and Gold was real Money a long time ago now you need Cash to Pay you're Bills that's what I am trying to say here.

40 years was not that long ago..especially when your comparing it to thousands of years. It's about like a guy who smokes for 20 years then quits for a day and saying "I quit smoking a long time ago"

Did you actualy go to a shop and pay with a Gold ounce 40 Years ago ?
I don't think so we allready had the us Dollar back than. The Times of Gold where before we actualy had created paper currency and if you look at the history that was a long time ago actualy verry verry long.

So you can't compare it with you're smoking analogy except. The Guy started smoking at the age of 4 Months, Stoped at the Age of 4 And Is know 444 That would be a more accurate.

What about silver?????? or gold up to the early 30s?... so we are still under 100 years off gold and roughly 50 years off silver... compared to thousands where they were money

To me we have have been off the metals long enough at all to say we have moved past using metals as money

and how in the world did you screw that smoking analogy up so bad?

Who cares about the smoking analogy hehe I don't even smoke and I don't care. My Point is the system hase changed.

Correct me if I miss something but I understand that people used to give there gold to the gold smiths in exchange fore paper or I o you's from the Gold Smiths.
Now People put Real Cash Money into the Bank and get a credit Card iT's the same thing like before but know the paper Money is like the Gold and the Credit (fiat credit Money) Is the Problem not the actualy cash dollar Bils.

If everybody would want to have there deposits from the Bank a Bank the bank would shoot the doors because they don't actualy have that much real cash Money in there vaults. They just creat money out of thin air and you have to pay interest on it if they lend that to you and that is how they make there money.

Maybe Peter Campel can explain it better than I do

[Jaydublin]

All I am saying is that our short time off gold and silver is only an experiment. We are talking well under 100 years off the metals compared to 5000+ of using them as money. That is the purpose of the smoking analogy. Smoking 20 years then taking a day off is simply an experiment. I am just not convinced that we will be successful in the long term with a paper based money.

Asia is becoming more and more of an influence in the world and you already have gold based savings accounts in Hong Kong.

I'm not interested in a long debate about money and all that and I certainly am not interested in the opinions of people like bob prector.... He has been wrong about gold for a very very long time now

[SelfPaid]

I understand where you are comming from and you're right with Gold beeing used Ase Money much much Longer than Paper that is a Fact . But the Problem with Gold is, that It cane be manipulated aswell plus in ouer complex System it is at a disadvantage since it is not that Easy to wire or Transfer. There is a reason why People choose to deposit there Gold in Order to get Paper Money ore now Even Credit Money it is simplier just easier to do so.

I am on you're with Most currencies going to Zero in the Long Run, but that is just the way ouer System Works every 50 Year's ouer System Needs a reset since the debt is just to High and can't be Paid back. And we Need to create debt to actualy create Money so this Hase to Happen. In Germany Alone we have had alot of currencies I used to colect currencies as a Kid so I still have a few Reichs Mark Deutsche Mark Bank Notes and so on.

I understand that Money is an Illusion : Most People just believe it's Real the Real Things are the House you Rent, the Company that produces that are Assets. But since Most People don't have a clue about Business, Real Estate the stockmarket or any Kind of investing since they are programmes True School and Society to get a Job and Put there Money in a Mutual Fund it's Smart to either educate you'reself which Most People don't want to do or stay Save and Put you're Money in what is still perceived as the Worlds Save Heaven by more than enough People.

And it actualy is if you're Bank doesen't close the Doors and you have Access to that Money in a Worst Case Szenario that hopefully while Not Play Out. If it does you might have the Chance if you're Smart enough to Buy Things undervalued.

Silver could fall to 5 Dollars an Ounce Gold could be Verry Cheap companies could be Cheap think about what the Russian Oligarches did all they baysicly had was Access to Cash and the right Mindeset. So you could participate in another Wealth Transfer

Listening to People who think the opposite of what you think is a good Idea you cane make you're Own decisions but you Need to know both Partys.
I have a Good friend who Hase arround 80% of his Wealth in Gold and Silver and he tried to convince me to do the Same. I choose the Research that Topic and searched for the Deflation Szenario and now I choose to stay in US Dollars or Honkong Dollars and Most importantly Invest in Income Producing Assets that are undervalued that made more Sense to me.

My Friend just Hase 20% in Cash and keep's his cost Down to a Minimum you might think he is homeless when you See him he is prepared to find his Own Food in the Forrest and bis Own Water I think he owns a Farm or want's to Buy one.

And bis Gold and Silver are stored in a Safe Place. That is a Way People canne choose to do the Problem is when you Need to Pay something you have to sell you're Gold you are Not liquid you have to Life of savings and Most People are just to much of a pussy to pull that Kind of Extreme Life of.
He Knows that 10% of the Middelclas is going to be Wealthy and the Rest is going to be Working class so he choose to Put himeself into the Working class category Even though beeing Well of.

I choose to enjoy my Life living somewhere outside of the Euro Zone and foccusing on Building up more and more Capital and Improovingy Education and skills about the Assets I want to Own.

Networking with succesful People and Company's and Working on Building a Team with experst that can help me implement what I want to do. I don't want to Put my Money in Gold and live on a Farm my Money has a Job to do: It's there to bring me more Money so I like it flowing and Liquid that's what I choose to do.

You can do whatever you want it's you're Choice and if you no what you're doing when it Comes to investing you can Invest in Gold or whatever you want to Invest in. If you don't have a clue about buying and Selling ore buying and Holding than better stay in Cash .... Since Money Likes people who Take care of it properly and if you don't so that it go to Someone Else that does.
Someone Said in Thread that you Need to be a capitalist in the 21. Century if you want to be ahead I think that is True

[RandalGraves]

(11-03-2012 10:34 AM)void Wrote:  

but to me, big inflation is not likely to happen, because corporations and share holders are so greedy, that they will increase profit instead of paying higher wages to their employees.

I'm not sure you understand inflation...



Inflation is an increase in the money supply in relation to the amount of goods and services in the economy. This is happening in the US when the Federal Reserve prints off bank notes and sends the new money to their affiliate banks. Once those banks loan out money or spend it, the relative value of the dollar declines as it becomes more "common." It has nothing to do with corporations witholding profits.

If that were the case, once those evil rich shareholders started spending the money to enjoy it, the inflation would trickle into the other sectors of the economy.

Right now, the rising cost of food, gas, and college education (thanks to federal student loans) are indications of where inflation is "sticking."

[Jaydublin]

(11-11-2012 04:44 AM)SelfPaid Wrote:  

Listening to People who think the opposite of what you think is a good Idea

I certainly can't disagree with that. Probably some of the best advice I have ever been given. Most tend to stay clear of it though.