"She and her husband used the money to stay an extra week at the beach."
i had to post this article, because this is the kind of stuff out there, in the media, and within the collective mindset, that just drives me crazy. i may not the sharpest knife in the drawer, but WHY have so many of my fellow American's drunk the kool-aid, and stay blissfully unaware, ignorant, spoiled and indulgent?...and then when TSHTF, we'll see all sorts of dire misery, and weird behavior, even weirder than now, we'll hear screaming and whining about how the "govt has to DO SOMETHING!!", when its the very people themselves, thru their naive behavior and worldview have put themselves in such a situation? Put simply, if you smell smoke, its safe to assume there's a fire nearby, take action! here's the link: (and please tell me if i'm just hyperventilating)
"Some rush to cash in on gold, others snatch up gold and silver coins"
http://www2.timesdispatch.com/business/ ... r-1298216/let me just highlight some 'gems' from this sad piece of journalism:
"Jan Carlan gathered pieces of old jewelry, took them to Cole's Coins and Collectibles in Chester and cashed them in for $800.
"You don't want to act too surprised, but I thought, 'Holy cow, you're going to give me that much for them?' " said Carlan, a Charles City County resident."It was just stuff in the jewelry box — a couple of chintzy gold chains, a bent bangle bracelet, a ring I didn't wear anymore, a silver charm bracelet."
She and her husband used the money to stay an extra week at the beach".here's some wisdom from a real sneaker genius:
"You have to be very careful about investing in gold," said James A. Cox III, managing partner at Harris Financial Group in Colonial Heights...."What I don't like about gold is it (the price) can rip around quickly."yeh bud, it'll do that.....
"Cox recommends that investors put no more than 5 to 7 percent of their portfolios into gold. "Over-allocating to it is a bad idea. It could be disastrous to one's financial future. … The thing that worries me the most about gold is, people are buying it because they think it will go up."oh man, thats what worries Jimmy the Third?, people buying coz they think it will "go up"? i got a good mind to get this blind sheperd on the phone, and tell him the only "disastrous" thing for folks would be to listen to him!
here's a sad lil tale: this woman's daddy was wise enough to sock some Ag away, he passes, and his unknowing daughter,
"Margaret King of Chesterfield County unloaded dimes from her late father's country store with a face value of $92.30. They fetched $2,307.50 — or $25 for each $1 in face value of dimes. The coins, all dated before 1964, were made mostly of silver.
They had sat for 24 years in a box in her closet. She also traded in a handful of silver dollars that were worth $26 each. Half the money will go to her sister, since the coins were inherited. The rest will go into a vacation fund, she said.""vacation fund"?!? wtf? that poor old man, and his unknowing daughter gets fleeced at 25X's, and she's ready to pour the FRN's into Pleasant Holidays pocket to go sip umbrella drinks at some Mexican all in vacation hellhole?!? tell ya what...my son is one of three people, who know my stack, details, amounts, etc...his mother and my wingman included. He has been schooled, talked to, taught, the value of hard money versus fiat, and told that hard money is to be used to BUY "means of production" in God knows what type of enviroment he will inherit, he also knows my ranch is his, and every asset i own, once i slip this mortal coil. But i'm telling him TODAY, if he gets stupid once i'm gone, i'm gonnna ask Jesus to miracle me back down there, so as i can give him a royal azz kicking for being a dunceski......course Jesus might say "no" to me, but i'll deal with that later.
i'll quit ranting, but here's the cherry atop the cake, a bit of wisdom from another genius of a jewelry store owner:
"Gold is a haven as the dollar weakens, Cowardin said. "The price will keep going up until these politicians turn things around with jobs and housing and instill confidence in the markets."Yeh! thats the recipe, that'll save us! when "these politicians turn things around with jobs and housing and instill confidence in the markets."
enough.....we are definitely going a LOT HIGHER, neil