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Registered Apr 22, 2009

carrierpigeon's most recent comments:

• On 25 Mar 2011 in My realtor advised me to hold off purchasing any new rentals..., carrierpigeon said:

  rcesar >>> Apocalypsefuck, does this forecast has anything to do with peak oil?

• On 25 Mar 2011 in asking the forum if its wise to downpay more than 30% in current housing market, carrierpigeon said:

  thomas.wong1986,
  I don't mean to come across as a smart*ss at all. Please don't take this that way. If you are "investing" in "stocks/bonds/bank cd's then you're not making money in the long run. The reason precious metals such as gold, silver, and platinum are flying high over the last decade is because of the money creation or 'quantitative easing' that the Fed has been engaged in. In the last 2 1/2 years the amount of dollars in existence has tripled. Is the Dow three times as high as it was 2 1/2 years ago, or on its way to it? Is the money in your CD up 200% in that time? If not it is because you are counting NOMINAL increases as 'making money'. The nominal increases you are experiencing do not equate to 'making money'. That is like a stock that has gone through a 3-for-1 split. You started out owning 100 shares at $10. But you noticed after they tripled the number of shares in existence you still only had 100 shares and they're now worth $10.20. That my friend is not 'making money'. That is losing money so fast that you can't hope to keep up with the value of the money that you've set back. You started your post out, "Most people don't know . . .". I'll end that phrase with "Most people don't know where their life savings is going. By putting your money in hard assets that can't be manufactured or over produced, assets that have represented value for centuries, and in the case of silver, a hard asset that is being consumed faster than we can source it in nature, the nominal increase in price that you will experience won't necessarily mean you are 'making money', but it WILL mean the value of your savings will not be inflated away.

• On 14 Dec 2010 in What would you do with $50,000 in cash right now?, carrierpigeon said:

  As the Treasury prints money hand over fist and the fiat currencies around the world are being diluted constantly in the historical fashion of currencies that have wound toward unsustainability, have you studied physical metals? When you see what ALL the markets have done over the last decade and compare that to holding physical metals the decision to put that $50k into PARTICULARLY physical bullion silver is a NO BRAINER. Take a little time and read the following article and peruse the website focusing on the fundamentals of where silver is now and where it is headed and WHY. This is NOT a hard decision.

  http://www.industrymailout.com/Industry/View.aspx?id=245442&q=264546678&qz=3f9465

  http://www.24hgold.com/english/home.aspx?mk=1