All Forum Posts by: Account Closed

Nice. Can you make it closer to Ski/Snowboarding season :D ?

Absolutely. Or more recently the real estate bubble. Or the tech bubble of the late 90s. However, all you have to do is look at three year gold chart to realize we're not even close to that phase yet. The gold bubble will pop when we blow up vertically. Just like EVERY other bubble. It is probably going to happen pretty soon. It will look like silver in May. However that was not silver's finally vert launch either during this metal bull market. The fundamentals are in place for metals that are both commodities and money(for central banks).

Gold has been steady and smooth for the last 10 years. That is not yet a bubble. That is an uptrend.

Vegas!

Congrats Bryan -

I enjoy reading your posts, and even when we disagree your posts make me think and learn.

One thing I didn't like about it was how it felt like it was written to evoke fear to support an agenda. Which is easy to conclude as true, because Mahony actually sells bullion, and at higher premiums that many other dealers. I think he is very accurate, just like Kiyosaki. But he is also getting rich the same way most people during the original California gold rush did: "By standing on the side of the road selling picks." Online bullion dealing can be a modern day "pick"

That said I found it a good read. I read it in 08. It is part of what got me started. There is a lot of good information on why metals will do well. A lot of it makes sense.

He does have some crazy sounding calls in that book. I believe he mentions that silver may equal the price of gold?

I love his ratios and how takes the dollar out of the equation to look at the purchasing power of metal.

Another great post. I lot of good points.

I may disagree on this one, but only from a trading point of view. I think it could be more of a "buy the rumor sell the news" thing. So by the time June hits the sell off will already be factored into the market and we may actually see a bump up. But I could totally be wrong. I am pulling that one out of thin air.

As far as Bernanke "Doing the right thing" I disagree. If only because he's been wrong on just about every call he's made. His track record doesn't lend much credence to the statement that he will time things correctly this time.

The US is not China 15 years ago. The US is now the largest debtor nation in the entire history of the world. It will be interesting to see how we get out of this and keep our reserve currency status.

However I don't think it's going to be the end of the world if the dollar loses its status. And my favorite comment in your post is this one:

"The gold bugs doom and gloom and fiat currency talk is blown way out of proportion, but that doesn't mean we can't profit from the hysteria."

A quick look at cycles will tell you the gold bugs get their way for a brief period of time, in an explosive fashion, every 30-40 years. So yes, there are certainly profits to be made. And if there is a summer sell off I consider it a sale, not the end of the trend yet.

I wholeheartedly agree on stagflation being the real threat.

I disagree on this. I see value in paying to be in clique of "Pros" if I am in a community where a concern may be the ability for another new BP member to follow-through on a deal. That was the basis of my suggestion to spin it as an invite only thing that is fee based. I would possibly pay much more than $15.00 per month because my returns might be high.

This I do agree with. Which begs the question. Will there no longer be quality content posted for newcomers to learn from if the aforementioned took place? There is the risk.

Since there is an active thread going about the book, Four Hour Work Week your quote reminded me of another quote from that book. The quote in the book makes sense to me.

"When doing market research do not ask people IF they would buy at ___ price. Ask them TO buy at ___ price."

According to Ferris the results are often completely different when you're saying "Please enter your credit card number in the form and press Purchase."

I will be happy to drag this thread up to say you were correct.

I agree. I can see the potential for that happening. And the challenges: Non-Pros feeling alienated, etc... It would be a bold move for sure. A move that could increase revenue via perceived added value of being in the click. However, also a move that alienates some as well. And perhaps creates the feeling that it's impossible to get in.

The idea came to me as I was reading this thread. I just typed it on the fly with little thought.