US gives up on Japan and strong $ policy
Question: Euro and Yen futures gaining again.
>>>>>>Comments?
>>>>>Yeah GOLD! GOLD! GOLD!
>>>>Gold will not reach $3000 like some say. >>>>I predict $1800.
>>>>Hope this helps
>>>Heck I’d be happy with $400 but intend to stay long
>>>if it actually gets there because that would indicate >>>a major, major change in the gold valuation and great >>>for future expectations.
> Valuing your gold against paper currency is pointless.
> If, someday, gold is USD$40000/oz, would you sell? If you don’t want > depreciating fiat USD now, why would you then?
> Gold can only be reasonably priced against other tangible goods – > barrels of oil, silver, a nice suit, wheat, whatever.
> Gold value only changes as a result of supply and demand fundamentals.
> Paper money value instead changes to approach its real value, zero.
The idea is to get lots of fiat USD using gold as a vehicle then convert to tangibles like house, car, and perishables like.. uh.. food for the next 10 years (freeze dried bulk purchase). With a house paid off still the taxes. I only work at a “job” to get enough fiat USD to retire from “job” and then do things I like to do. (My list of things I like to do was made about 30 years ago and I’m still trying to get the damn USD)’ Unlike government I can’t just print it I have to work for a living. So I hope gold goes up.
Answer: Okay, I can agree with that. It’s just my expectation that if things get to the point we both seem to expect, where gold goes parabolic, it would just about have to be a German-style problem where USD$40,000 might buy you a suit in the morning, and a cup of coffee in the evening.
That is to say, by the time our gold goes up enough to convert to tons of USD, it’ll be too late to stock up on all those things.
So instead I’m just stocking up now, socking away more gold when I can, expecting to use it as a fallback if/when I’m laid off, quit, or TSHTF.
I don’t see a world with gold that high and everything else remaining equal. Yes. All I’m missing now is the house (got the car paid off). Everybody keeps slaving for these bits of green confetti because they have $8000 in credit card debt, $20k in student loans, and a mortgage. If they don’t keep spinning their wheels and passing the USD to their owners they’ll be left out on the streets, bankrupt.
All the while, the feds keep printing that confetti out of ABSOLUTELY NOTHING.
I figure with what I have put away in non-USD assets, I could make it a year or so maintaining my current level of consumption, even continue to piss away money on rent. This is the secure feeling gold and silver give me, which are why I buy them. Because they’ll be there for later.
I might trade a bit in and out to scrape up more fiat to buy more physical, but yeah. A healthy outlook. The only reason, in my book, to keep playing their game, is to get what you want out of it so that you can do the things you like to do. Not just to maintain conspicuous consumption and keep up with the Joneses working 70hr weeks to pay the lease on the Jaguar.
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