To shed another light on "gold as a hedge against inflation," gold hit $850/ozT just before I turned 15 in 1980. It is now $16 when I was young gold got up to just under $1000/ozT. Today is it $1260/ozT. In order to just match inflation over that 35 year period gold would need to be worth $2478/ozT, so people that bought it then to save themselves against inflation have lost right at half of their money.

Someone that invested $850 in the S&P 500 back then would have stock worth $15,740. So the S&P has outperformed gold by more than a factor of twelve over that 35 year period.

A lot of people also buy gold so that they have something to live on after the economy completely collapses and we are back to bartering. But think about this -- if someone walked up to you today to buy a car that you were trying to sell and offered you a hunk of yellowish metal for it, would you take it? If not, then why do you think someone else will take a hunk of yellowish metal from you in exchange for food, clothing, ammunition, or whatever after everything has collapsed and we are down to bartering.

In order for gold (or diamonds or other "precious" commodities) to retain any value in a time of societal unrest requires that the economy not have collapsed. Gold by itself has no value, so the only way you can use it to buy your way out of the country, for instance, is if the person taking it knows that the economy is still sufficiently intact that they can market the gold within that economy.

Gold is for preppers.

Every time there is a tragedy or strife, gold spikes. The mining companies live this because they dump excess inventory. They view gold as a pure commodity and the cheaper fuel is, the more they extract. The more they extract, the more selective extraction chemicals companies like Cognis and Henkel sell. All very mechanical. Watch the mining companies spike today - they know what's going on and the smart money investers knew too. It's not the metal, it's the sellers of metal.

 

I see a lot of the 'smart' people in Britain talking about how the lower working classes, the old and the poor were lied to and scammed about migration and global free-market economics into this vote.

Ever notice how the people who go on and on about democracy don't really seem to like democracy very much?

Real Democracy - Vote goes my way

Fake Democracy - Vote doesn't go my way

Tyranny of the majority.

 

Strongmen do stupid things. Democracies do stupid things. Which do you prefer?

 

Strongmen do stupid things. Democracies do stupid things. Which do you prefer?

I'm a 100% in support of the US style constitutional federal representative democracy.

 

Strongmen do stupid things. Democracies do stupid things. Which do you prefer?

Republics?

 

I see a lot of the 'smart' people in Britain talking about how the lower working classes, the old and the poor were lied to and scammed about migration and global free-market economics into this vote.

Ever notice how the people who go on and on about democracy don't really seem to like democracy very much?

Real Democracy - Vote goes my way

Fake Democracy - Vote doesn't go my way

Tyranny of the majority.

One hour after the win, Nigel becomes non-committal about his and Boris Johnson's claims...

http://www.telegraph.co.uk/news/201...million-pledge-to-fund-the-nhs-was-a-mistake/

 

One hour after the win, Nigel becomes non-committal about his and Boris Johnson's claims...

http://www.telegraph.co.uk/news/201...million-pledge-to-fund-the-nhs-was-a-mistake/

Unbelievable!

 

Republics?

You have to careful with that, remember the Union of Soviet Socialist Republics.

 

You have to careful with that, remember the Union of Soviet Socialist Republics.

I'm surprised he is pushing for such a thing.

 

I could also say I am liberal. But liberals have a tendency to change what words mean.

 

I could also say I am liberal. But liberals have a tendency to change what words mean.

It depends.

 

You have to careful with that, remember the Union of Soviet Socialist Republics.

This is like telling someone that favors democracy to remember the German Democratic Republic. It seems there's a long history of organizations and countries that are anything but free or democratic (or a short list of other adjectives) painting those words all over the names they call themselves.

 

One hour after the win, Nigel becomes non-committal about his and Boris Johnson's claims...

http://www.telegraph.co.uk/news/201...million-pledge-to-fund-the-nhs-was-a-mistake/

Maybe it's the hair.

 

This is like telling someone that favors democracy to remember the German Democratic Republic. It seems there's a long history of organizations and countries that are anything but free or democratic (or a short list of other adjectives) painting those words all over the names they call themselves.

Yes, usually if a form of government is in a countries official name the one party in control of that country makes sure all votes are counted correctly.

 

Yes, usually if a form of government is in a countries official name the one party in control of that country makes sure all votes are counted correctly.

But at least the trains run on time...

 

But at least the trains run on time...

And everyone gets to wait in line for toilet paper.

 

And everyone gets to wait in line for toilet paper.

and sends it to the evil empire in the south after they are done.
http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=3014675

I wonder what direction the prevailing wind is this time of year across the channel?

 

and sends it to the evil empire in the south after they are done.
http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=3014675

I wonder what direction the prevailing wind is this time of year across the channel?

Have we officially apologized to the Norks yet?

 

And everyone gets to wait in line for toilet paper.

Except the people making sure the votes are counted correctly.

 

The decision is out.
https://www.youtube.com/user/patcondell?ob=1
Max.

Condell for President!