Just some random thoughts today

Posts tagged ‘Add new tag’

Gregory Isaacs Dies at 59

Gregory Isaacs lost his battle to cancer today in London.  He was 59.

I’m sorry, I was never a real big fan of Isaacs and the only song that I considered worth while listening to was Night Nurse.

But to some, GregoryIsaacs will be a pillar missed in the Reggae community.  Gregory Isaacs, dead at 59, RIP.

State Court Expected to Overturn Prop 8 Same Sex Marriage

The San Francisco Chronicle reported today:

The California state Supreme Court will rule Tuesday on a challenge to Proposition 8, the ballot measure that reinstated California’s ban on same-sex marriage.

I predicted back in November:

that Proposition 8 will be overturned as unconstitutional by the same courts that ruled in favor of gay marriage in the first place.

California courts are known to overturn liberal bills and amendments such as Prop. 8 even though the people have passed the new law in general elections.

I’m fairly certain that my prediction will come true and all people will have the same protection regardless of race, religion or sexual preference.

Gold Off Recent High

Gold has been dropping like a “gold brick” in the past week and is retracting from a recent high of $1000 per ounce.  This perhaps is a good buying opportunity before it shoots up again.

The only problem is that gold is scarce but I keep calling all the local dealers to see if someone is selling.  Usually on dips, the dips sell and the smart people buy.  Hopefully a few dips will sell their gold tomorrow.

One dealer just got in a 1000 oz. bar of silver.  It was hard to believe that this silver brick was nearly 63 lbs.  He wanted about 14k for it.  Now if it was gold and I had a spare $939,000, I would have bought it.

Gold Closed Today at $1,001.80

My prediction that gold would hit $1,000 per ounce by the end of March came a little early when gold closed today at $1,001.80.

It took nearly 6 months after the 2008 financial panic that gold is finally is starting to glitter.  I was surprised that the price was held so low since the demand for the precious metal is so high.

I still find it hard to purchase gold sovergns, eagles or any other types of coins and must result to carrying large sums of money in the chance the I can find any dealer in town that has a supply I can buy.

How high will go is anyone’s guess. But with this unrelentless printing of fiat money, it will only go higher.  My guess is that once Congress decides on another trillion dollar deficit 2009 budget — which is 6 months late — gold is going way up.

Congress Should Drink Lean One Shakes to Reduce Deficit

Congress needs to go on a diet to reduce deficit spending.  Perhaps they should drink lean one shakes like Sarah Palin did to drop 4 dress sizes.

Just imagine if our deficit was only 1/4 the size of what it currently is, we could go on a shopping spree to rebuild this country and get off oil dependence once and for all.

Yes, Congress needs to go on a diet, and lean one may be our only hope.

When Will Gold Hit $1000? Soon.

I predict that gold will hit $1000 mark by the end of March 2009.  I’m so confident that the dollar is dying with all this deficit and reckless spending by our Government, that Gold may be our last resort to preserving our wealth.

There may be some resistence to pass the $1000 mark, but 2T in bailout money — that does nothing to solve the bankrupt banking system — will serve nothing more as a catalyst for higher prices.

Gold $900 Oz

Gold pushed upward to $899.10/oz today!  I’m sure it’s heading much higher once everyone figures out that paper money isn’t back by anything but a bunch of politicians full of hot air…

IMO, gold is heading upwards.  How high nobody knows but some gold prognosticators think it’s heading to $5000 an ounce.  Perhaps this will happen when start calling this economic collapse the “Great Great Depression.”

I bought two Krugerrands this week at $858/oz so I’m a little ahead for this week.  Now I’m not really looking at gold as an investment, but as a hedge to preserve wealth when the USD dies with a loud hissing sound.  But it’s good to know that the gold I got for $800/oz last November is worth more than I paid for.

Holiday Sales Party Thrown: Nobody Shoes Up

Today I predict that holiday sales will be dismal — a party thrown — which nobody shows up.

With deep-cut pre-Christmas sales having no effect on customer spending habits, why do stores think that lowering prices another 10 or 20 percent will entice customers to part with their money?

With a deep deflationary cycle going on in the world, simply wait a few months when the prices will be deeply discounted.  Simply wait and only buy the things you need instead of want — because — it’s cool to be frugal.

Possibly unrelated Posts:

Will There Be an After Christmas Sales Stampede at Walmart

Will there be an after christmas sales stampede at Wal Mart this Friday?  My prediction there is going to be a huge rush to bring back gifts that nobody really wanted in the first place.

Dump them off and then go get something on sale.  How many will get hurt in the stampede for getting 50 to 80 percent off.

Stay home folks and save your money for the upcoming economic colaspe.

Price of Gold Shoots Up Over $800

The price of gold did a jump shot and hit $800 today.  With a price increase of over $50, gold is becoming … well gold again…  He shoots … Gooooold, Goooooold, Gooooold, Gooooold … I guess you have to watch a soccer match announced in Spanish.

I wanted to buy gold earlier this week when it was hovering around $700.  Doh, sometimes you want to kick yourself.

I wasn’t able to make it to the bank until today to withdraw the money for the purchase and I hate carry a couple of grand around with me.  The money is still safer in the bank for now…

It’s really hard to get gold on the street since none of the coin dealers have it in stock.  But with last dip, people got scared and started to sell.  I was only able to get a few ozs:

  • 2 oz of the California Gold Coin
  • 1/2 oz gold eagle
  • 1/4 oz Canadian dollar

Sarah Palin Gives Pardon in Front of Turkey Slaughter (VIDEO)

Sarah Palin, it’s time to hand out the pardons.  This mockery and little concern for animals shows how callous she is and unaware of what’s going on while she pardons a turkey and then continues on with the interview.

WARNING, the video you are about to see is her give an interview while in the background you get to see turkeys slaughtered, throats slit and blood drained from their bodies…

Tiger Woods Wins but Loses Composure On 14th

It took 19 holes to for Tiger Woods to prove that he is the 2008 US Open Champion.  Sometimes the 19th hole is referred in golf as the club house bar, but this time he won it in double overtime on the 7th against Rocco Mediate.

Tiger went ahead early with a +3 lead only to blow it on the 14th and went -1 to Rocco after Rocco’s amazing birdie streak.  But Woods caught up to him again on the 18th forcing a double playoff.

Back to the 7th hole, Woods drives a monster shot past the bunker which Rocco manages to hit.

It was all over then Rocco duffs his shot into the stands and is forced to drop.

Tag Cloud