Seconded!!

Please don’t waste your time. Its fear mongering idiots like you that have convinced people to sell their homes because the world was going to end. Are you still in your parents basement apartment?

I have to agree with you… i have the century of war book and have read it a couple times…. excellent read for anyone who wonders…

Are you a Howard Ruff aficionado?….or do you have any advice for a gold mining stock picking newbie….I have always been a guns, gold and garden supply kind of guy….but I am willing to learn new things.
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first off, you want to know that things are going the way I’m projecting. One thing you can look at is the gold/silver ratio. The ratio was at 58 or 59 a week and a half ago. We’re now at 69. Anything above 65 in the ratio has always indicated credit problems. Sure enough, early last week we broke above 65. As the ratio widens as it has, it signifies bigger spreads between gold and silver, and most likely gold and other commodities (you’d have to find some other source to find a gold/commodity ratio to measure). The numbers don’t lie.

As far as which companies to purchase, it’s your duty to speak to as many geologists and experienced mining people you can. There are literally thousands of mining companies and very few will ever go into production. Although in a mania, even crappy companies do well, but you do want the best chances. Try to find a lot of good companies that prudent mining people like and then do your own due dilligence of those companies. I like to spread an equal amount of capital to each company. With all this being said, I think there will be a mania in gold mining companies – especially junior mining companies, as their balance sheets will reflect exactly what I said would be happening and what is happening. These companies have not seen balance sheets like they have in the past year and a half in decades.

The more credit problems in the world, the less leveraging and spending by corporations and governments. What I’m talking about is a deflationary economy, the type of economy that is ruled by gold mining stocks.

“Most of all, don’t try to be like the people who raised Toronto home sales by 87% last year, lifting prices by 18%. Those people just bought themselves a one-way ticket to the slaughterhouse”

I did say its different here. And cheaper too. And 2% isnt
a middle class. Its quite elitist. If you checked the links I provided yesterday, you would see its quite different in our “property owning democracy” than the reality of so much of the world. You’ve said it many times Garth – housing is not an entitlement.

Thanks again for hosting this blog.

I’m not sure why I am wasting my time explaining this to you.

We are a mirror image of our neighbors to the South. They have been our largest trading partners by far for 100yrs and the wealth we have in our financial system and our houses is due to this fact.

Just because we have not seen a major RE correction since 1991 would likley suggest that we are due for one!
If our neighbors to the South loose their wealth, it will affect us in profound ways!

You are a short sighted small minded person and your words speak volumes of immaturity!