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August 2011



Out on a limb

August 19, 2011 – Comments (4)

I'm going to go out on a limb and say that between now and oh, I dunno, March 2012, we will have a lot more pain and suffering in the stock market. (Actually, it is not I who is out on a limb, but Wall Street.) How much more pain and suffering? Well, a good, though rough, estimate would be about another 20-25% or so. We lost 50% from August 2008 to March 2009, but I think the PPT, I mean FOMC, has more experience, and that with enough pallets of cash the investment banks can do wonders with the level of the stock market. We're still in for some pain, though.   [more]



Hat tip to abitare

August 16, 2011 – Comments (2)

For posting this:  [more]



How do you sell your gold and silver?

August 09, 2011 – Comments (6) | RELATED TICKERS: EBAY

Unlike when mainstream financial advisors ask it, I'm not asking this as a rhetorical question. How exactly do you sell your PM's if something comes up requiring more cash than you have otherwise? I have a reason for asking. You see, this happened to me recently, and I sold some gold on eBay, thinking that this was a decent way of going about it, that the fees and charges would not be too large a proportion of the transaction.   [more]

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