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MinkaGrl01

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Page 27

12/15/2011 1:51:29 PM

face
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Poor john paulson? Guy deserves everything he gets 10-fold after the shit he pulled to steal a billion dollars off the backs of ordinary Americans. I love the fact that he's getting destroyed, i hope he loses every penny.

Chance I got really tired of digging through old posts so I only went back a few months, but I'm sure there's a lot more if I'd gone further. All assets will drop in a liquidity/solvency crisis. I'm not betting on gold because I think we're in an inflationary environment... we're in a mammoth deflationary environment. I just think they will choose printing and massive losses for the middle class over defaults and massive losses for the rich.
Quote :
"
September 26, 2011
Gold will go down too as people/business/central banks urgently seek liquidity. It started going down recently because Bernanke is trying to pretend like he isn't going to print. But eventually their answer will be to print. They can't print gold. Gold is the only investment I'm comfortable with right now.

September 22, 2011
Gold will go down in a liquidity crisis we know that. When the crisis is fought with currency devaluation that's when it will soar. I'm not going to risk trying to time it, that's too risky.

September 12, 2011
because we're going to get massive dollar debasement and i dont want to risk missing the timing or worse yet we get the debasement prior to the market reflecting reality.

We're in a liquidity crisis to the greatest degree right now. Cash (or short) would be the place to be if this was a normal world.

But since the government has already decided to destroy the currency it's just too risky to be anywhere but gold right now. I don't mind losing a little for a couple weeks because I know I'll gain it all back shortly when gold soars.

August 16, 2011
Ill back if we enter a deflationary spiral because of the liquidity crisis we are entering so that's not necessarily a terrible bet, but obviously in the medium term gold is going to skyrocket as governments crumble and the currency destruction occurs

August 8, 2011
Gold may have a huge pullback in the near future though if we get forced redemptions as the banks collapse"

12/16/2011 8:02:18 AM

Pikey
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Zynga is crawling out of the gate.

12/16/2011 12:08:49 PM

face
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Conditions are getting horrible out there. Great Britain has its nose open now, japan is going down rapidly... looks like the Fed is going to be forced to bail out Europe.

Banks are getting beaten down with a stick. 10 year dropped to 1.8% today OUUUUCH. How's that net interest margin looking BAC haha. Under the 5 spot baby. Look out below.

Asia crawling to a standstill. China/India collapse underway. Commodities crashing.

If we could wipe out all these buy the dip clowns we'd get below 1,000 on the S&P and I could cash in my puts. Then we could get QE3 and let my gold resume its march to the top of the hill.

Anyone else scared of the malaise? Should I sell the paper gold and move to physical now before its too late?

When do you guys think the crisis will truly begin... January?

12/19/2011 7:06:59 PM

FIVE O
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first quarter of next year is going to be brutal.

12/20/2011 10:15:29 AM

ssjamind
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missed the Santa Claus rally entirely -- been working like mad to get stuff done & gearing up for Christmas at my folks place..

12/23/2011 3:57:19 PM

Chance
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You puke up those Gold shares yet face?

12/28/2011 5:36:12 PM

face
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Of course not. I buy when others are forced to sell. I'm not buying on margin.

Just because other people put themselves in a bad spot doesn't mean I did.

Look no further than 2007-2009 for an understanding of how gold reacts in this environment

12/29/2011 11:53:09 AM

Chance
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Stop clownin, how much are you down on those gold shares you bought over the past 5-6 months?

12/29/2011 1:11:57 PM

face
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I dont even look. Down about $12k from peak to trough in the past few months. I'm not on margin so why would I care?

You realize I started buying in the 700's... and will continue to do so.

I knew it would go down.. do you not see the 6 posts above? This is when they shake the monkeys out of the tree.

12/29/2011 2:22:12 PM

Chance
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Come on, you didn't fucking know it would go down else you wouldn't have taken a bath in the sell off.

12/29/2011 3:29:31 PM

Solinari
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up 9% so far this year, according to etrade.

normally don't check my stocks, ever.

12/29/2011 3:53:07 PM

face
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what the hell are you talking about? Ive said NUMEROUS times it will go down in a liquidity crisis.

I dont know when the printing will go full throttle. Unfortunately, Hank Paulson doesn't call me for special meetings and im not a member of congress so i cant trade legally on inside information.

Since thats the case, ill hold gold thank you. Why do i care if it goes down again?

I'm not trying to trade to get rich, this is emergency funds for the crisis.

12/29/2011 4:20:21 PM

David0603
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401K down 3.8% Company Stock up 26.86% Total Portfolio up 5.08% I'll take it.

12/29/2011 4:53:06 PM

Chance
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Invested in what?

12/29/2011 4:55:28 PM

David0603
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Equities. Mostly large cap US.

12/29/2011 4:58:15 PM

Chance
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How many trades did you make this year?

12/29/2011 5:13:44 PM

David0603
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It was a pretty boring year. I think all I bought was a little TEVA and VZ.
Everything else is just from weekly roth ira contributions and bimonthly roth 401K contributions and company stock purchases.

[Edited on December 29, 2011 at 5:21 PM. Reason : ]

12/29/2011 5:16:31 PM

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