daytr: If you want a gold appreciation club...
ummmm, where did I say this; I suppose it is easy for you to put up a straw man, give him a name, put a stupid, untrue comment in his mouth...
then.... oh my, you can win a debate of your own making
that does not add much to any discussion, does it?
re Timber, he is completely a 'system' guy; I mean he is part of and derives/d income from the system that is in place to scalp every little guy they can get their hands on; I cannot feel empathy toward a system guy, who can come on here and say a magical entity called a 'clearing house' can prevent any crash
This clearing house did not prevent any crash before. And it will not prevent any crash in the future. The clearing house is like the house in a game of poker between two non-house players. The house holds the money. So when one player wins, he expects the house to fork over the pot. In the current economic world the house is a big cheat. For example, AIG, in the crash. The poker players had insurance with the AIG/house. And they even paid the house commission (on going, up front) to hold onto the pot. But, when they came to collect, the house/pot was empty. And the house/AIG had even spent all the commission money on condos in London and New York and BMWs and MERCs. THIS is the system that Timber comes on here and defends.
And, I said I am here for moral discussion mainly. Yet Timber quite clearly says his moral stamp on any financial outcome is if he made money or not. At least Timber is honest about his background and his 'the system is OK' and his money making positions. Where he is not honest is his trying to con people to think there is no ability for the system to imploded. If he really thinks that, then fine. But I bet you his investments have plenty of hedge to accommodate this 'cannot happen event'.
What tires me is guys with agendas coming on here and telling straight out lies. I have been around long enough and remember what posters say. So, when one or two years later (or even two weeks later) comes the 180 degree post, I know it.
A great reason I like this forum, however, is the same guys I deride. I listen to what they say. Heck, it may be true. I am currently of the strong position that gold is going to be stuck, likely forever in this current range. That is because the MSM and the FEDs and banksters have tired the investments in gold. I mean, I dont invest anymore in gold, I keep my 20% or so, and just sit. So, hearing the bears and comparing what they said to what happens, teaches me.
But onto the moral discussion... it really is not OK. The system is NOT OK. And the guys that only a short time ago were saying how they were enjoying bull ride, are suddenly now cashed up and saying 'oh goodie' to the market swoon. As I said, why would internet children come on here and just lie. What is the point of that?
So, morally, fiat is an absolute joke. But it could be OK, if the govts and banksters have the best wishes of humanity. But does any reader here (aside from our resident story tellers) think the system is OK. Heck, even Joe Hockey is worried. Wait a minute.... is that YOU, Average Joe?
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