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Originally Posted by wig
Yeah, he does not seem too interested in responding to the points I made.
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You haven't made any points. You made an outrageous claim without backing it up. Shall I provide you the historical charts of gold and silver from 2008 compared to now? Next thing you're going to do is lecture me about inflation regarding precious metals. Aka LOL
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I'm interested in the inflation vs deflation scenario. It seems to me that 99% of the bears (who I think are on the right side) have this dooms day scenario of dollar demise / hyperinflation even though that is not what is taking place currently.
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The doomsday scenario predicted by Schiff and Paul is inevitable. It's the government intervention that's delaying it and making it worse when it does happen. Everything that has happened, Schiff had predicted in 2008 and was ridiculed. I'm not sure you understand the concept of dollar demise. It's lost 96% of its value, and Bernanke is desperately trying to hold inflation at bay without raising rates. However, he WILL have to raise interest rates within the next year which will increase inflation. I'm not sure where the deflation theorists are coming from because that is NOT what's going to happen, unless someone can give me a viable scenario. However, both sides of the spectrum both agree that the market WILL crash, which is why I'm short and have been for a while although I've taken some losses. I have some investments in a few triple leveraged etfs that will make a fortune if we should retest the March lows(6000), which I'm confident we will.
Finally, hyperinflation is what us "doom and gloom" theorists think is going to be the end game, and it's slowly manifesting itself. I believe pretty soon, the US dollar will cease to be the reserve currency. That will cause billions of treasury securities to come back and flood America, and there's the end game.
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If one is just theorizing or prognosticating on the future, that is one thing. But, if one is actually investing / trading, mistaking what is at play will be painful.
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The only "losses" I've taken was predicting we'd be under 10,000 in December, so I was about 2 months off. Right now it's rallying a day at a time but it's finally going downhill.