Patty

Behold: the "8:30 am" risk repricing catalyst, because sometimes you just have to laugh... of course we also know how this has ended for 10 days in a row too.

"Normal"

Boo_Boo Loc: Jellystone

I guess today would be an excellent to buy more gold for my future. It will only go up again in another 6 months at which time I will sell. Thanks for the investment hint.

Patty

Me personally I think it will go up slightly till the end of April. I don't know if you have noticed since the Fed is stuck in their stimulus debacle and cant really get out by any real significant cut back in buying debt I have noticed that pm's dip after every Fed. announcement. The next announcement is April 29-30th. That is just my thinking and it could end up biting me if they actually do announce any significant tapering but think I will hold off any increase in pm's till end of the month.

Boo_Boo Loc: Jellystone

My money advisor, who has worked with my family for years, has the impression that the economy will not stay flat, therefore he is advising me to increase my portfolio in commodities and put an extra $1M into my daughter (Duckie) future. I think that, because he has never lost money for me, that I will go with his advice.

Patty

Good luck. Im out of the dollar.

Patty

Im just not willing to trust the wall streeters and the banks. They seem to not trust themselves when they pass laws to cover them when they cause another 2008 fiasco.
This is just one of many new laws the FDIC and other regulating agencies have set up for the people with savings will be stripped to make sure the bankers still get their bonus's.

"11 A resolution strategy for a failed or failing G-SIFI should assign losses to shareholders and unsecured creditors, and hold management responsible for the failure of the firm. The strategy should provide continuity of the critical services that the institution provides within the financial system and to the real economy, thereby minimizing systemic risk. The strategy should also enable a prompt transition of the firm’s ongoing operations to full private ownership and control without taxpayer support. Given the cross-border nature of G-SIFIs, the resolution strategy should ensure financial stability concerns are addressed across all jurisdictions in which the firm operates. To be successful, such an approach will require close cooperation between home and foreign authorities.
12 Under the strategies currently being developed by the U.S. and the U.K., the resolution authority could intervene at the top of the group. Culpable senior management of the parent and operating businesses would be removed, and losses would be apportioned to shareholders and unsecured creditors. In all likelihood, shareholders would lose all value and unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover. Under both the U.S. and U.K. approaches, legal safeguards ensure that creditors recover no less than they would under insolvency.
13 An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company into equity. In the U.S., the new equity would become capital in one or more newly formed operating entities. In the U.K., the same approach could be used, or the equity could be used to recapitalize the failing financial company itself—thus, the highest layer of surviving bailed-in creditors would become the owners of the resolved firm. In either country, the new equity holders would take on the corresponding risk of being shareholders in a financial institution. Throughout, subsidiaries (domestic and foreign) carrying out critical activities would be kept open and operating, thereby limiting contagion effects. Such a resolution strategy would ensure market discipline and maintain financial stability without cost to taxpayers.

Patty

Anything in the USD is all just a "crap shot" anyway.
http://www.zerohedge.com/news/2014-03-31/market-rigged-michael-lewis-explains-how-hfts-screw-investors-every-day

bmac32 Loc: West Florida

What dollar? Silver and gold are about at their end of being real money makers but no matter it will depreciate a lot slower than the dollar. Last dollar worth much was the silver certificate but collectors and the government screwed that up.

Patty

The average life span of a fiat currency is 40 years. We are over due. The US has been through 4 different currencies and gold/silver has been used as money for at least 5000 years. I think I have more confidence in the survival of pm's than the dollar.
http://www.abovetopsecret.com/forum/thread581663/pg1

lpnmajor Loc: Arkansas

And in the end, you can't eat gold, silver or platinum. The people with the food won't need gold, since machines don't run on that either. Sooner or later, an ear of corn will be worth more than it's weight in gold.

buffalo Loc: Texas

"Quantitative Easing" by the federal reserve has done absolutely NOTHING for the real economy of Main Street. Want to know where the money has gone and who it has helped? Look at Wall Street and the money managers.

bmac32 Loc: West Florida

Silly boy, can you eat dollars? Silver, gold and other metals will out last the dollar or any currency.

lpnmajor Loc: Arkansas

So? You can't eat dollars either, yes, that was implied. What was STATED, is that none of it can be eaten. Barter only works if someone finds value in what you have. When ALL the economies go to pooh, he who has the most gold dies, while he who grows the most food becomes king. The farmer who still knows how to plow with a horse/mule will be referred to as " your Majesty".

Patty

You seem to be watching to many you tube Armageddon videos. When the dollar devalues it will be replaced. That is why Obama couldn't remember what our debt number was, he doesn't care because it will never be paid anyway. You don't think the zoo keepers will not have a way of continuing their profiteering do you? There will be some form of currency after revaluation as has always been when there is a "hyper inflation currency devaluation" scenario.
The bad part is that we have no currency to readily go to since we hold reserve currency status.
There will have to be a more global currency with a "broader" basket of currencies than what the USDX is based on now. These currencies will be the top world currencies and a new SDR (Special Drawing Rights) will be established. That is why every other country who has the means to do so is buying up as much gold as they can and the shift of gold from west to east is like no other seen before in history.
We will not become like some bad Mad Max movie but more like all other third world countries when the dollar falls. Fiat currencies will have no confidence and logically the only globally valued commodity is gold to back it up.

bmac32 Loc: West Florida

I see your predicting something far worse than the Great Depression. Gold in the worst of times was never worth nothing. Don't ever remember a farmer becoming King, can you point one out?