Disorderly Decline of Dollar Cannot Be Ruled Out - PIMCO Video

PIMCO Warning of a Dollar Collapse.
http://www.bloomberg.com/apps/news?pid=20601083&sid=a83XY0Ek_Bvo

Web Bot's October 25th 2009 date just got a shot in the arm if the million dollar bond holders react this weekend.

How does someone holding a bond, hedge against an economic collapse of the dollar?



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marketwatch101: Jimbobubbadj dude: Lets see here, the Dow was 10000 in 2000. Silver, which you all drool, dribble and salivate over every time the word is mentioned, was $50 thirty years ago and gold was $850 when the Dow was 1000. Silver is now $16 with all this inflation. Timing is everything in the markets and one should find a market analysis that can do it. They're out there.

marketwatch101: The point: There are 2 great times to be in markets, at the tops and bottoms, that's when big money is made. There are and hundreds of stocks that have fallen from 20, 30 , 40 $'s in a sell off panic to way under $5. It's like buying a call on a stock that will never expire. It can't get any better than this. And as for our friend davinci thinking that this is all like a casino, I agree.

marketwatch101: You should ask people who bought silver and gold for safety 30 yrs ago and thought hyperinflation and stravation were just around the corner if timing has any importance.

LongimanusShark: 1 year later, you are still broadcasting the same BS! BTW, when did the Comex Default that you've predicted happen? LOL, you should apply for a job at Columbia University, I am pretty sure Stiglitz might have a TA position waiting for you! LOL.

LongimanusShark: Last year, I bought stocks end of November, while most of people like you have bought gold and silver. I've made a 76.4% profit as I sold everything by august. In a week or two, I think It is a good idea to buy stock. One must buy stock when it is low not when it is up. That's how you make money.

davincij15: What's funny is you are here watching my videos. And BTW the COMEX did default you can no longer get 1 kilo bars as of Dec 2008. However you can get cash for your mini COMEX contract. But that's not a default right you can still get cash instead of gold and that system sets the price of gold? LOL

marketwatch101: No matter how you add it up, that's a pretty liberal definition of default. 99.9 % of contracts are settled in cash.

davincij15: dude it's actually 98% however how can an exchange set the price of a commodity when a small amount of people take delivery of the item thus how can a exchange of cash set the price? That's not logical any more than paper as money.

marketwatch101: I get the point: the point being that if everyone wanted delivery then the price of gold would skyrocket. The fact is only a small number want delivery. Before you buy 99.9 % of anything with your gold coins you have to convert them first to cash. Or you could use them as collateral on a loan but not at 1 to 1 loan ratio, more like 2 to 1.

davincij15: I have purchased most of my gold below 900 over the last 2 years and if I need cash I have an average of $200 more. All currencies fluctuate including the dollar and so does gold, however all currencies have gone down priced in real stuff, gold's value has remained. Could I have increased my wealth betting on stocks? Sure I could but that's not what I want to do and I am not good at it. I am good at my job and that's how I increase my wealth. How I store my wealth is with gold and silver.

marketwatch101: 94.5% of all statistics are made up.

marketwatch101: More than any time in the financial markets mankind faces a crossroads. One path leads to deflation and a great depression , the other to hyperinflation and the destruction of society. Let us pray that we have the wisdom to choose correctly.

davincij15: "Lies, damned lies, and statistics"

davincij15: In the last 20 years where there was two choices name one that the government took the hard road and not the easy way out. Granted the federal reserve did raise interest rates in the early 80s but they where not the government only President supported it no one else in government did. It's to late the government proved it will take the easy way out in September when they would not let anyone else fail after Leaman. Print Print Print.

marketwatch101: It will be the Fed Reserve that calls the shots. Bernanke is the most powerful man in the world. I remember when the Fed raised interest rates in the 80's to get money tight and it was not popular. Mortgage rates close to 18%. Now they have to keep rates low. There is a potential for inflation but as long as the banks don't loan it out, inflation not yet a problem. If the political parties ever got control of the Fed then I would have all my wealth in physical assets.

marketwatch101: But, you are 100% correct about the govt. They always take the line of least resistance.

davincij15: This is your problem Marketwatch the banks will not loan a dime and the countries economy will implode this means the federal government will not get more tax money and will print more or ask others to loan it. Well, have you seen interest rates? Have you seen what gold and other commodities are doing? Eventually central bankers around the world will dumb their dollars if they can not get a return greater than REAL inflation.

marketwatch101: I feel like Rodney Dangerfield, no respect. I have seen interest rates, about as low as you can go. BTW, what's with silver lagging ?. What gives ? I'll tell you what gives: Gold stocks signaled the top for gold in 1980 by topping out before spot gold. That's a concern. Just check out Agnico-Eagle, Barrack, Gold Corp, Kinross, Newmont Gold.. Not some penny stock. Barrack topped out at 50 in May 2008. Same thing in 1980 when gold was making its high. BTW what are you doing up so late ?

davincij15: It's 9:20 pm in Hawaii. I can not speak for the stock prices but I can say this, 1 silver is manipulated ( I hope it falls again so I can get more) and paper money has no value. India's central bank purchased 200 tones of gold foreign governments are exiting the dollar. You can bet a lot more is being purchased under the radar.

marketwatch101: Don't you really mean that fiat money has no INTRINSIC value ? I guarantee you're not paying bills with silver coins. Well, gota get some sleep. BTW I thought you were from Canada.

davincij15: I am from Canada and if I could pay my bills with something other than fiat bank notes I would.

jimbobubbadj: You may have made 76% on stocks while I have made 63% with gold. You have to work very hard and look at technicals and what have you. I know the long term trend with gold and I can relax and sit back.

harptrian: Why don't they teach about precious metals in school?

davincij15: Simple, who owns the school? The government. Who made paper legal tender? The government. Now if you own the schools and you want to force people to use a product that detrimental to them why would you teach them that? Get it? :) NOTE: A few private schools do teach you about the ponzi scam of money.

wildnutria: This guy is so right!! I will Subscribe now, thanks!

Author: davincij15; Uploaded: Oct 24, 2009; Duration: 2:38; Views: 5744

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