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So has Rivers made money from gold...

Posted on 4/16/11 at 2:26 pm
Posted by rickgrimes
Member since Jan 2011
4319 posts
Posted on 4/16/11 at 2:26 pm
...IRL? Just curious.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/17/11 at 4:43 pm to
It doesn't matter since he says money has no value.
Posted by LSURussian
Member since Feb 2005
133528 posts
Posted on 4/17/11 at 5:48 pm to
quote:

It doesn't matter since he says money has no value.


He also says he's never sold any gold in his life, so he can't buy anything with his "profits" anyway.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19622 posts
Posted on 4/18/11 at 4:41 pm to
He's not the only one.
Posted by I Love Bama
Alabama
Member since Nov 2007
38421 posts
Posted on 4/18/11 at 5:24 pm to
quote:

RasinCane


$1000 gold coin says you are a rivers alter....
Posted by RasinCane
Member since Mar 2011
147 posts
Posted on 4/18/11 at 5:34 pm to
Since I don't know rivers I don't know if that is a complement or an insult. You would have lost your 1K though. I take it he/she was/is a gold bug?
Posted by Martavius
Member since Nov 2005
16019 posts
Posted on 4/18/11 at 6:14 pm to
quote:

Since I don't know rivers

You're a terrible liar. People's habits always expose their alters, Rivers.
Posted by LSURussian
Member since Feb 2005
133528 posts
Posted on 4/18/11 at 6:30 pm to
quote:

Just curious, does this person rivers still post here?
quote:

IOWs
quote:

RasinCane
Just stop. You're embarrassing yourself again.
This post was edited on 4/18/11 at 6:42 pm
Posted by LSURussian
Member since Feb 2005
133528 posts
Posted on 4/18/11 at 6:34 pm to
quote:

People's habits always expose their alters, Rivers.
This.
Posted by LSURussian
Member since Feb 2005
133528 posts
Posted on 4/18/11 at 6:46 pm to
quote:

I take it he/she was/is a gold bug?

Not just any gold bug. He lied about owning almost 3 tons of gold, based on the figures he gave one day of the increase in value of the physical gold he owns. He also said his psychologist "wife" had diagnosed him with advanced dementia and that he was just one short step away from going postal and killing people.

However, through some internet identity checking, I learned that Rivers was not "married" in a traditional sense. His "wife" is a man named Henry who is 10 years older than Rivers, making Rivers as queer as a three-dollar bill.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/18/11 at 9:10 pm to
quote:

His "wife" is a man named Henry who is 10 years older than Rivers, making Rivers as queer as a three-dollar bill.


I always thought GMB was his Aussie cousin.
Posted by Y.A. Tittle
Member since Sep 2003
109600 posts
Posted on 4/18/11 at 9:59 pm to
quote:

Just curious, does this person rivers still post here? If not, how long has he/she been gone? The reason I ask is that about once a day someone posts something about rivers and I have yet to see rivers post anything. You people sound paranoid concerning rivers. If rivers is into gold how could he have not made money or, stated differently, how could the purchasing power of his asset, if it's gold, not be greater now than one year, two years, or ten years ago. IOWs, it's not an intelligent question.


Would it be possible to change the rule that says EVERY alter has to adopt this silly tired schtick, which almost seems to be a cut and paste verbatim reply?
Posted by CamdenTiger
Member since Aug 2009
65132 posts
Posted on 4/18/11 at 10:28 pm to
Looks like Rivers was on to something. There might have been better investments, but Gold has definately been on the upswing for a while. Whats the concensus peak?
Posted by RasinCane
Member since Mar 2011
147 posts
Posted on 4/19/11 at 4:28 am to
Commodities peaks will come when govs/central banks stop printing tons of fiat. Right now there is too much fiat 'slosh' seeking returns above inflation and commodities are one choice for parking slosh. PMs are an especially good choice because they offer a safe haven from inflation right now and their trend has been up. Emphasis on the right now, for things will change quickly when CBs cut down on printing. But, conditions will change for all asset classes when the reduction in printing arrives. See 'Edging Toward The Door' that I posted in another thread.
The US is in a bind because of the enormous build up of public and private debt, and also because the US did not let the system cleanse itself by letting bankrupt institutions go bankrupt, opting to prop them up instead. So printing excess fiat by the Fed will continue until some of the debt is reduced in real terms; ie, the dollar loses purchasing power. On the other hand the Fed/Treasury cannot print so much that the dollar loses all value and/or reserve currency status.
Be near the door when the printing stops or is drastically reduced. Also, don't disregard the possibility of black swans to suddenly appear, throwing everyone's plans into dissaray, like the evolving story of the Japanese nuke disaster's effect on the row economies.
So, my 'consus peak' is dependent on what central banks do going forward. Long dated treasuries could become very good investment vehicles again as the were in the early 80s. If the 30 year begins paying 17% and the Fed is holding interest rates above real inflation who would sneeze at the 30 year? Stay near the door, stay nimble.
Posted by LSURussian
Member since Feb 2005
133528 posts
Posted on 4/19/11 at 8:01 am to
quote:

The US is in a bind because of the enormous build up of public and private debt,
Wow! Now THERE is an example of complex, investigative analysis!
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