william the wierd

On my way to stock screens on MSN I saw a commentary "Contrarian Chronicles" that claimed the Fed was using cooked books the unemployment data cited was on page 2 at the end of the paragraph being completed from page 1. The 8% inflation figure was the lowest figure I could recall having been actively defended in this forum. Other defensible numbers have put the current misery index (unemp + inf) as high as 30%. If momentum continues 50-80% could be as near as May 2009. At what point will the economy collapse?

Socio-biology and selection is a fact of life and death not a political option

Politics is a continuation of war by other means

Calling congress a parliament of whores insults the morals and principle of crack whores

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michaelr

I have been saying this forevers ville

william the wierd

Quite true and I'm not trying to steal credit I really am wondering about complete economic meltdown. I have maybe 3k in precious metals at current prices and I am wondering about how to adjust my portfolio and in what direction to and how fast to do so.

Being in a position to give even a little food to someone who is hungry pays great dividends.

Socio-biology and selection is a fact of life and death not a political option

Politics is a continuation of war by other means

Calling congress a parliament of whores insults the morals and principle of crack whores

michaelr

I hope like hell that you have physical control. In other words, I hope that you can touch the stuff. Thats what I do and anything less is totally unmutherfuckiingunexceptional!!

Djinn

There's a "misery index?" Update: Well I'll be damned...

william the wierd

Quite true. Also while my silver is US currency my gold is not. That is another area of concern.

Socio-biology and selection is a fact of life and death not a political option

Politics is a continuation of war by other means

Calling congress a parliament of whores insults the morals and principle of crack whores

Djinn

Where on the planet is gold considered a form of currency?

william the wierd

Actually everywhere but between numismatic and bullion value almost no one uses it as such. A $20 US gold coin (value well north of $1200 in very poor condition for any year) can be used to pay any $20 debt. In some countries, Russia being the biggest exception, the unofficial numeraire is another metal such as platinum or silver but gold coins are accepted.
At current prices $1 meg bullion weighs about the same as $1 meg in 100s. A bit more than 60 lbs each. Drugdealers have not yet switched to gold but it is coming.

Socio-biology and selection is a fact of life and death not a political option

Politics is a continuation of war by other means

Calling congress a parliament of whores insults the morals and principle of crack whores

Djinn

But not at face value. The folks minting "Liberty Dollars" learned this when they paid their staff using $20 gold coins from the U.S. mint (made for collectors), and valuing them at $20 when they filed their taxes.