On 3 Aug 2011
in
The stock market and gold have both voted on the new budget deal,
schmitz_kris said:
Iwog, equities sold off due to a string of HORRIFIC economic data. I think everybody is freaking out over Friday's NFP - the jobs data is making everyone nervous. Stocks initially rallied a bit when the debt increase was a done deal, however.
Of course the economy is toast. Only a moron or an ignoramus of the particularly dense variety does not see the writing on the wall. With this debt deal, it DOES look like you'll eventually get your wish of complete dollar destruction (hyperinflation). They are just going to print, print, print to hold this collapsing house of cards up in the air for as long as possible. Too bad it's going to increase the cost of living for everybody without translating into a wage price spiral - that's gonna sting BAD. BTW, that does NOT mean inflation in RE - essentials only.
So you should be happy and feel content. There are practically NO CUTS in what was passed. Whenever government says it will do something over ten years or any extended period, IT DOESN'T. There is supposedly like 25 billion in cuts for next year, absolutely nothing. Adding 2 trillion to the national debt IS dollar devaluation because where do you think that 2 trillion is going to come from? THE BERNANKE, that's where.
I have read posts saying that you sometimes buy from Apmex. WHY? Their prices are terrible, and their shipping costs stink.
You have great alternatives - have you ever done business with California Numismatic Investments (CNI) in Inglewood by the airport (LAX)? THEY ARE FANTASTIC. If you spend over 2K you pay NOTHING for shipping, plus their prices are far better than Apmex. Provident Metals also has better deals, cheaper shipping, etc.
Happy shopping.
