|
Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
harryh
Joined: 16 Jan 2003
Location: south of Seoul
|
 Posted: Sun Aug 21, 2011 6:32 am Post subject: |
 |
|
In recent years I've been buying gold, oil, gold and silver stocks. I don't trust any fiat currency. They are all losing their value. Too many IOUs in the banking system, governments print money, can't afford their spending commitments. Govts lie about the real rate of inflation, interest rates will remain low. Currencies will continue to debase for a few years yet. I'll keep my gold as any cash I hold will be devalued. I'll only exchange it for currencies if and when I need to make a big purchase.
I've follwoed the likes of Jim Rogers, Jim Sinclair, Bob Chapman, James Turk, Eric Sprott amongst many others and they have been right so far, and their predictions seem to be playing out. Gold at $8000 by 2015? If the economies don't improve, if govts spend more than they earn, I can see gold much higher still. |
|
| Back to top |
|
 |
tran.huongthu
Joined: 23 May 2011
|
| Posted: Sun Aug 21, 2011 8:43 pm Post subject: |
|
|
| harryh wrote: |
In recent years I've been buying gold, oil, gold and silver stocks. I don't trust any fiat currency. They are all losing their value. Too many IOUs in the banking system, governments print money, can't afford their spending commitments. Govts lie about the real rate of inflation, interest rates will remain low. Currencies will continue to debase for a few years yet. I'll keep my gold as any cash I hold will be devalued. I'll only exchange it for currencies if and when I need to make a big purchase.
I've follwoed the likes of Jim Rogers, Jim Sinclair, Bob Chapman, James Turk, Eric Sprott amongst many others and they have been right so far, and their predictions seem to be playing out. Gold at $8000 by 2015? If the economies don't improve, if govts spend more than they earn, I can see gold much higher still. |
You may be right but you are following the wrong metal. Silver has more real world uses, is becoming more scarce and the gold to silver ratio has never been more appealing. Sure they might raise margins but Silver to 100 in less than a year after the new flock rushes in to buy. |
|
| Back to top |
|
|
tran.huongthu
Joined: 23 May 2011
|
| Posted: Sun Aug 21, 2011 8:55 pm Post subject: |
|
|
| rainism wrote: |
| Highwayman wrote: |
| rainism wrote: |
| I'm a bit surprised that during the "negotiations" for those things someone hasn't bluntly called the Koreans out for the crap they are pulling. |
So am I. Free trade has been a disaster for North America (excluding Mexico). And when Asia isn't stealing intellectual property outright, they're manipulating their currencies and sucking up all the manufacturing. I honestly don't see the upside for North America. |
for the American consumer, I see plenty of upside. For the blue collar industrial worker, not so much.
remember that without free trade, Americans that insisted on "buying American" would have been stuck with the horridly crappy and low quality cars that Detroit was producing in the 80's (and some cases beyond) |
You conveniently use Detroit as your loan example of buying American although that is irrelevant because buying American means goods made in America not just goods from American companies. America still dominates the rest of the world in total number of top-notch quality companies. China will never be there unless they learn to innovate or teach free-thinking....or they can just buy out companies and keep stealing secrets perhaps.
Sucking up all the manufacturing is the problem. China is going to have hyperinflation very, very soon with the record job they have done in devaluing their currency and thus making their cheap labor ideal for money grubbing US companies.
I predict that someday companies will only be allowed to send a % of their manufacturing overseas as it truly is unconstitutional to be outsourcing so much. Impossible right now to fix the job situation and the candidate that finally brings jobs home will win the election. Putting my money on Santorum or Paul. |
|
| Back to top |
|
|
goreality
Joined: 09 Jul 2009
|
| Posted: Mon Aug 22, 2011 12:58 am Post subject: |
|
|
At what % does manufacturing overseas become unconstitutional? The reason many of these jobs move overseas is because American workers demand too many rights are overpaid compared to their Chinese comrades. Companies and consumers have rights too.
Minimum wage and Labor Day killed America, not China or Free trade (these were solutions). Perhaps China will experience a little more inflation than normal, but with their government they can fix these problems much faster. Hyper inflation won't be their death, it will be increasing labor rights, environmental destruction and decline in demand for their products. |
|
| Back to top |
|
|
atwood
Joined: 26 Dec 2009
|
| Posted: Mon Aug 22, 2011 8:01 am Post subject: |
|
|
| goreality wrote: |
At what % does manufacturing overseas become unconstitutional? The reason many of these jobs move overseas is because American workers demand too many rights are overpaid compared to their Chinese comrades. Companies and consumers have rights too.
Minimum wage and Labor Day killed America, not China or Free trade (these were solutions). Perhaps China will experience a little more inflation than normal, but with their government they can fix these problems much faster. Hyper inflation won't be their death, it will be increasing labor rights, environmental destruction and decline in demand for their products. |
Balderdash! Pure hokum! Ignorance on a grand scale!
You've been sucked in by the kochtopus. Get back to us when you actually work for a living and learn the value of a day's work. And when you don't expect something for nothing as one of your "consumer rights." |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
