Chile Forum

quaffing down our chileno vino tinto from 1,5 litro bottles

You know what, Mr. quaffer?..
Goes Rune to the village today -- and -- it is 1750 pesos now!.. Good price!..
Grabbed one.. But the cashier says: "1850".
Rune says, "you, madam, wait, look at your price label -- it is 1750 pesos, no ma'!"
"No, it is 1850."
"Wait, look, on ALL your bottles -- it says: 1750 pesos, it is all the same!"
"No, no, it's our new girl, she just put wrong labels on all bottles yesterday."
It is so sad.. Wrong labels..
And why don't all people put the RIGHT labels.. everywhere?..

The combined national debt of the USA and its unfunded obligations to Social Security and Medicare exeeds 100 Trillion dollars. Former Treasury Secretary Green span was asked about the future of Social Security. He replied that they can print Social Security checks indefinitly, they just cannot guarentee their purchasing power. Since it takes five dollars now to buy what one dollar did in 1970, I get the concept. I myself borrowed a sum of money from Last National Bank five years ago. I figured that by buying back then, I could repay that loan, and also the entire mortgage. I paid 440 an ounce for gold, and 7 dollars for silver. Current values are USD 1230 and 19.50. The party is just getting started. Oppenheimers precious metals fund is up about 250 percent over the same period of time. The gold/hui ratio indicates that the precious metals stocks are quite undervalued at this point. Of course I "should" invest the money the normal way, in the stock market which has gone nowhere for ten years now, while inflation has reduced purchasing power. Or in bonds, which will loose value not only by inflation, but also when interest rates in the future.

So for me, gold, silver, the mutual funds that invest in the miners. Also mutual funds that invest in Natural Recourses such as energy, fertilizer, copper, etc. As inflation rages in the future, my money should grow.

I need to have my stash double in value before I can afford to move to either Chile or Ecuador. I figure that being patient for two years or so will have its rewards.

Inflation? As Rune has just discovered, it's how you label it.
http://www.shadowstats.com/

Problem solved!! jajaajaajajajajajajajajajajaja

http://www.escapefromamerica.com/sovere ... report.php

Just started reading it.

Regarding the Trasury Form the report wrote:Gold bars and coins are not included on this list. One-ounce American Eagle coins have a face
value of $50, therefore theoretically 200 Eagle coins would meet the $10,000 threshold. Of
course, it is not illegal to depart the country with more than $10,000-- you simply have to declare
the money... so if you are nervous or in doubt about leaving the country with your gold,
just ask for the form.

Do this at your own risk. They are monetary instruments for all intents and purposes of Treasury/Customs. And try to pull the face value thing at your own risk. Bad advice from the start of this marketing piece.

Regarding the Perth Mint Certificate Program, the report wrote:If you're looking for an extra blanket of security, you might like the fact that PMC is the only Government guaranteed precious metals storage program out there.

Ummm, isn't government, especially overreaching OECD member governments what we are looking to protect ourselves from? There have been not so positive rumors about the program in recent years, especially if one chooses UNALLOCATED storage.

The only certificate program that could be trusted IMO was the Mocatta Delivery Order with allocated private storage in MAT Switzerland but all new issuances were terminated years ago.

Panama? Hell no. Honey Pot central bebe!

Lesse, US dollar economy, crawling with active and retired CIA types, can be invaded by the US as history proves the logistics are quite non-complicated, full of scams, corruption a distinct danger ("hey honey 'bank/trust/vault' teller, how about 10 K to 'help' out your small children that wham bam thank ya ma'm GI Joe left you with in exchange for zee list?").

Again the important question is about SELLING! If and when that time comes……

I'm just getting into researching gold and/or silver as an addition to our portfolio (I know, but better late than never right?) Does anyone have an opinion on Casey Research, particularly their Metal and Mining publication? http://www.caseyresearch.com

Casey is an old timer (witnessed and took part in the last gold bubble). Definitely believable as compared to all the newcomers out there advising or marketing their metals and mining schemes. Only problem I have was his refusal to conclude early on of the 1990s-to the present manipulation of the G&S market.

Those who want to get in, you might want to wait till this deleveraging proceeds further and buy at the fire sale. I believe current gold support is at 1000 or so.

eeuunikkeiexpat wrote:Those who want to get in, you might want to wait till this deleveraging proceeds further and buy at the fire sale. I believe current gold support is at 1000 or so.

Thanks for this tip, and I appreciate your thoughts on Casey - I am definitely keeping my eyes open to the drops.