Comments on: Gold And FRN$ Correlation

By: Trace Mayer, J.D.

Trace Mayer, J.D. — Tue, 22 Dec 2009 02:05:39 +0000

I could not find the article you referenced. There is always a potential downside but I doubt supply with peak gold will be able to match demand considering the quantitative easing. There is some downside here probably to the $1050-1080 area but then it should be off and running towards $1300 for Q2 2010 like I called on BNN.

By: strainer

strainer — Mon, 21 Dec 2009 20:50:55 +0000

I actually just read a summary and path to a very interesting bearish view on gold from Woodbridge Capital, a hedge fund run by two former Soros guys: [URL edited because it did not source the referenced topic]

While I am personally still bullish on the gold price and gold mining stocks, I think it is always a good idea to consider the opposing viewpoint when it is provided by a credible source, as is the case here.

By: Trace Mayer, J.D.

Trace Mayer, J.D. — Mon, 14 Dec 2009 05:33:01 +0000

Thanks Jim. Those typos are so sneaky. I think one even got into a chart. How rude!

By: Jim Lorenz

Jim Lorenz — Sun, 13 Dec 2009 19:44:43 +0000

An excellent approach to understanding the monstrous Federal Reserve system, unconstitutional powers plus fractional reserve banking.
I did find a few thin spots which I hope will be quickly corrected as I have recommended this e-book to many of my libertarian friends.
Errata? The Great Credt Contraction

P.37:The text reads, “If A exchanged the pizza with B for a silver certificate, then the transaction would not be settled but not extinguished until…”
Shouldn’t it read? “If A exchanged the pizza with B for a silver certificate, then the transaction would be settled but not extinguished until…”

P. 69, text reads: “In 1971, people were too gullible and accepted the thinking that the earth (FRN$) revolves around the sun (gold).”
Shouldn’t it read? “In 1971, people were too gullible and accepted the thinking that the sun (gold) revolves around the earth (FRN$).”

By: Trace Mayer, J.D.

Trace Mayer, J.D. — Sun, 13 Dec 2009 06:27:06 +0000

Thanks Roger. Healthy people do not contribute much to the top line for the sickness industry.

By: Roger H.

Roger H. — Sat, 12 Dec 2009 20:12:40 +0000

Hella Trace,
I hope you are enjoying the Andes, but am thankful you are still working. I am going to send you an e-mail video that you may have not seen. It’s a great short condensation of the history of the U.S. economic destruction by the Fed guys. This video was made available by a group of American ex-patriots in South America. Also, this is the same group that have promoted the Cancer Video that I e-mailed to you. I have been studying the cancer info for almost 40 years and it is caused not by what you “get” but by what you “don’t” get. It is a DFICIENCY disease! And this next truth will be harder to grasp, so is arteriosclerosis!. Wow! This crazy Doc from Milwaukee is really nuts! But, it’s ALL true! Usually at this point of the conversation the listener closes down and doesn’t hear anything else. So be it, I tried. Enjoy your trip and God Bless.
Sincerely,
Roger H.

By: Amish Rake Fighter

Amish Rake Fighter — Fri, 11 Dec 2009 07:58:17 +0000

Smart dude, check this out, it’s the “Ag Trading Post” grand opening this Saturday just north of Dallas.

http://mim.io/71fb1?fe=1&pact=421611004

By: Smart Dude

Smart Dude — Fri, 11 Dec 2009 05:22:13 +0000

Yes, I concure with you and I read Doug Casey’s and GATA and a few others as well. I would be of interest to get folks to start using gold and silver in purchases. This week an individual was selling his camp trailer for 5,000 $FRN and told me he would take three 1 oz gold buillon coins and one roll of 1 oz silver. At present value he would be taking $4,100 in real money in lue of 5,000 FRN. He understands that but prefers the coin. Last year I gave up $100 face gen circ mercery dimes for a rifle. And not to think that I am simply getting rid of coin, when I turned 59 1/2 in January of this year I emptied out my IRA and used every single FRN to purchase gold and silver coin and I feel much better and safer for it. Don’t use my real name if you quote me for any reason, but the point is to start using gold and silver coin again instead of fiat currancy. Having a place where folks could list under alias of course their purchases whether they be buyers or sellers using coin might stir interest in folks returning to what is right. Just a thought. My regards and keep on keeping on.

[Editors note: Personal information changed as requested by commenter.[