Are you in the market for: a vintage 1980s General Hustler Pro Freestyle BMX Bike, 75 pounds worth of K’nex pieces, a skateboard, a Nintendo Wii Black Console in the original box with the controller and numchuck, a clarinet, a trombone, or a set of marching band drums? Would you like to be part of a movement that 1) “sticks it to evil corporations” 2) “tells them to shove it” and 3) “send the likes of Goldman Sachs and freebay back to H3ll!”? Do you have any gold or Legos on hand? Consider this your lucky day. Read more »
Area Man Willing To Part With Vintage Trombone, Hustler Pro Freestyle Bike In Exchange For Precious Metals, Legos, Help Teaching Goldman Sachs And “Freebay” A Lesson They Won’t Soon ForgetBy Bess Levin
Marc Faber Will Steal Your Girlfriend After He’s Done Rifling Through Your Shit And Insulting Your Commodities PicksBy Bess Levin
“I don’t think [gold] is a bubble, but I think the gold market has exploded to the upside recently and the correction is overdue. But as I have always maintained for the last 12 years, every responsible adult should gradually accumulate gold, because not owning any gold is the trouble with government. I don’t understand. People of Bloomberg, I hardly know anyone who owns any gold physically. All of the Bloomberg employees are intelligent people. They listen to the news everyday. They make the news everyday. Hardly anyone owns any gold…I disagree [that you can't do anything with gold.] You give your girlfriend copper rings and I give them gold rings and I keep them longer.” Read more »
Proponents of raising the debt ceiling claim that a default on Aug. 2 is unprecedented and will result in calamity (never mind that this is simply an arbitrary date, easily changed, marking a congressional recess). My expectations of such a scenario are more sanguine. … Despite the defaults in 1934, 1968 and 1971,* world markets have been only too willing to purchase Treasury debt and thereby fund the government’s deficit spending. If these major defaults didn’t result in decreased investor appetite for U.S. obligations, I see no reason why defaulting on a small amount of debt this August would cause any major changes.
* For “defaults” read “moves away from the gold standard.”
Really? He really needs this shit right now, after the fake trees incident? Read more »
According to Reuters, Paulson and Co’s Advantage Plus was up 1.13 percent in November (3.7 percent YTD), Paulson’s Advantage was up 0.46% (1.82% YTD), and his gold fund was up 5.8 percent (33.% YTD).
“I expect gold to double. At least to double,” says Adam Gold, a Brooklyn filmmaker, who’s at the East Village bar Arlo and Esme, mingling at a meet up event with fellow supporters of Texas congressman Ron Paul. Paul is a big fan of gold and believes ever since the U.S. went off the gold standard in the 1970s, the government has been able to print money “out of thin air,” eroding the value of the dollar. Adam Gold invests in the yellow metal through a broker, who holds it on the filmmaker’s behalf in vaults around the country. “I’m not yet to the point, although I may well get there, where I actually physically hold the gold in a safe in my apartment,” Gold says. Cris Rodriguez, on the other hand, does keep his gold nearby, at an undisclosed location. The 29-year-old NYU graduate, who works in music production, says every three months he scrapes together enough money to buy coins directly from gold dealers in Manhattan. “I don’t have a tremendous amount of money to invest but I’d rather start off as a base owning the physical gold,” Rodriguez says. [WNYC via DI]
A very wise financier—Jim Cramer-endorsed, in fact—once made an appeal. That his flock would give private flying a chance. You see, prior to becoming the greatest mind on Wall Street, he was a pro ballplayer, and enjoyed the luxury of sailing the skies sans unwashed masses rubbing up against him. After he retired, he was forced to endure the commercial flights in which he actually had to coexist in the same airspace as these people. He decided then and there that travel by private jet was the only way to go. Once he did it, he loved it and swore he’d never go back to flying a commercial tube. He warned people to not get all huffy and think “big time baseball player, enjoying his private plane,” to take a breather, and to realize he was only trying to help. A private plane is expensive, but it may be worth your while. At least, it’s an option that you may want to consider, he said. You ought to just give it a try. And if taking a private jet, is not your thing. Well, that’s OK. Today this wise financier’s brother from another mother makes a similar plea. Read more »