70 buck a barrel oil matched by rising airfares...talk of rationing.

[Dangerkitty]

Ohh, I have been happier lately though from how much money I'm making off of my leveraged gold and silver purchases. You guys really need to get into gold and silver or a precious metals mutual fund. The bull market has just begun. Gold has doubled in the last 5 years and Silver has tripled. So I'm not only a peak oil crazy but I'm also a gold bug. Wow you guys must think I'm nuts! Oh well.

You might wanna do a little better research when I comes to investing in precious metals. While it is true they have had a great run the past 12 months or so if you look further back you will see that precious metals have HORRIBLE rates of return.

 

[B-J-J Fighter]

I just got done reading Life After the Crash. Very scary book and oil closed at an all time high today. Don't read the book because it has started to make me a little worried like jetflyer.

 

[jetflyer]

You might wanna do a little better research when I comes to investing in precious metals. While it is true they have had a great run the past 12 months or so if you look further back you will see that precious metals have HORRIBLE rates of return.

In the 70's gold went up above 800 and silver to 50? Gold is currently $600 and silver is $13

Demand for these metals and copper is beginning to outstrip supply and reserves are getting harder to replace every year like what is happening with oil. People are saying we might be also reaching PEAK Precious metals.

Why did gold and silver go so high in the 70's?
--An energy crisis which is happening again.
--Inflation which went out of control came because of the energy crisis which will happen again.
--Troubles with the Arab countries and Iran. Sound familiar??


Other things that will cause gold and silver to continue upwards in the next few years:
--Peak oil this time, not just an energy crisis, the mother of all energy crises is coming this time.
--Peak gold and silver?
--This time we'll also soon have a sinking dollar.
--The housing bubble will soon burst when the ARM loans readjust over the next two years.
--Trade imbalance is over 6% of GDP.
--The savings rate of Americans is less than 0%, where it hasn't been since the Great Depression.
--The U.S. govt. and its people are in a LOT of debt.
--The baby boomers are retiring and will cause deficits to skyrocket even more or will cause taxes to have to increase to pay for their Soc. sec. and medicare payments which have been spent over the years by our retarded politicians.

Gold and silver will go up a lot in the next couple years. It has just begun. This I believe very strongly in.

You should listen to Jim Puplava's radio show at:
http://www.netcastdaily.com/fsnewshour.htm

Jim has become very bullish the last 5 years on commodities mainly because of his peak oil beliefs and he's helping a lot of people make a lot of money.

He's a great economist that links what will happen when the oil prices keep going up and all the above factors begin to affect the economy. His latest interview, found at the above website, is with Peter Tertzakian who wrote "A Thousand Barrels a Second" which is one of the newest Peak Oil books out. It's worth a listen.

Jet

 

[Dangerkitty]

In the 70's gold went up above 800 and silver to 50? Gold is currently $600 and silver is $13

Demand for these metals and copper is beginning to outstrip supply and reserves are getting harder to replace every year like what is happening with oil. People are saying we might be also reaching PEAK Precious metals.

Why did gold and silver go so high in the 70's?
--An energy crisis which is happening again.
--Inflation which went out of control came because of the energy crisis which will happen again.
--Troubles with the Arab countries and Iran. Sound familiar??


Other things that will cause gold and silver to continue upwards in the next few years:
--Peak oil this time, not just an energy crisis, the mother of all energy crises is coming this time.
--Peak gold and silver?
--This time we'll also soon have a sinking dollar.
--The housing bubble will soon burst when the ARM loans readjust over the next two years.
--Trade imbalance is over 6% of GDP.
--The savings rate of Americans is less than 0%, where it hasn't been since the Great Depression.
--The U.S. govt. and its people are in a LOT of debt.
--The baby boomers are retiring and will cause deficits to skyrocket even more or will cause taxes to have to increase to pay for their Soc. sec. and medicare payments which have been spent over the years by our retarded politicians.

Gold and silver will go up a lot in the next couple years. It has just begun. This I believe very strongly in.

You should listen to Jim Puplava's radio show at:
http://www.netcastdaily.com/fsnewshour.htm

Jim has become very bullish the last 5 years on commodities mainly because of his peak oil beliefs and he's helping a lot of people make a lot of money.

He's a great economist that links what will happen when the oil prices keep going up and all the above factors begin to affect the economy. His latest interview, found at the above website, is with Peter Terzakian who wrote "Thousand Barrels a Second" which is one of the newest Peak Oil books out. It's worth a listen.

Jet

Jim can believe whatever he wants. The numbers dont lie. Precious metals historically have HORRIBLE rates of return. In a few months to a few years there will be a correction. And it wont be pretty to all these people who have invested everything they could in bad investments.

 

[jetflyer]

I just got done reading Life After the Crash. Very scary book and oil closed at an all time high today. Don't read the book because it has started to make me a little worried like jetflyer.

LOL B-J-J. You read that one!?? I wouldn't dare. I try to read the more optimistic peak oil books. Matthew Savinar is just the greatest doomer to inhabit our planet. Of course I've read his website. That was the first thing I ever read about peak oil. It scared me to death. I could never read his book. You were brave....

Peter Tertzakian's new book is called "A Thousand Barrels A Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World". Peter thinks things will get better after a decade or two of hard times but that we'll manage.

I hope we'll manage

Jet

 

[B-J-J Fighter]

Life After the Crash is not the book to read if you worry a lot like myself. The book is pretty much all doom and gloom. In his opinion it's too late.

 

[Dangerkitty]

In the 70's gold went up above 800 and silver to 50? Gold is currently $600 and silver is $13

Demand for these metals and copper is beginning to outstrip supply and reserves are getting harder to replace every year like what is happening with oil. People are saying we might be also reaching PEAK Precious metals.

Why did gold and silver go so high in the 70's?
--An energy crisis which is happening again.
--Inflation which went out of control came because of the energy crisis which will happen again.
--Troubles with the Arab countries and Iran. Sound familiar??


Other things that will cause gold and silver to continue upwards in the next few years:
--Peak oil this time, not just an energy crisis, the mother of all energy crises is coming this time.
--Peak gold and silver?
--This time we'll also soon have a sinking dollar.
--The housing bubble will soon burst when the ARM loans readjust over the next two years.
--Trade imbalance is over 6% of GDP.
--The savings rate of Americans is less than 0%, where it hasn't been since the Great Depression.
--The U.S. govt. and its people are in a LOT of debt.
--The baby boomers are retiring and will cause deficits to skyrocket even more or will cause taxes to have to increase to pay for their Soc. sec. and medicare payments which have been spent over the years by our retarded politicians.

Gold and silver will go up a lot in the next couple years. It has just begun. This I believe very strongly in.

You should listen to Jim Puplava's radio show at:
http://www.netcastdaily.com/fsnewshour.htm

Jim has become very bullish the last 5 years on commodities mainly because of his peak oil beliefs and he's helping a lot of people make a lot of money.

He's a great economist that links what will happen when the oil prices keep going up and all the above factors begin to affect the economy. His latest interview, found at the above website, is with Peter Terzakian who wrote "Thousand Barrels a Second" which is one of the newest Peak Oil books out. It's worth a listen.

Jet

Jetflyer,

Your posts are beginning to become laughable. Do you even remember the energy crisis of the 1970's? I am sure you dont, because if you did you would understand that we are nowhere near, not even close to an energy crisis today.

Infact, for years and years and years we have been buying fuel much less than what it should have cost if fuel had stayed with inflation. At $3.00 a gallon gasoline we are just now getting back to where the cost of fuel was in the 60's and 70's adjusted for inflation.

Trouble with the Arab countries and Iran? Oil production is all they have this is only sabre rattling.

Where you come up with all this crap is beyond me. You have almost no idea what you are talking about. Sure sometimes a blind squirrel gets a nut every now and then. Thats what you have stumbled across with you gold and silver buys. Better get out before the correction occurs.

 

[jetflyer]

Danger,
Whatever dude.
Jet

 

[jetflyer]

B-J-J,
Is your avatar a picture of you?? If so dayumm. Heck the end of the world is coming right!? Maybe I can talk my wife into some swinger action if you're interested?? I'll just say that we have to do it once before the end of the world as we know it comes.

Plus we can talk about peak oil all night long....

Oh and if that's not you and you're some hairy chested overweight dude, then uh, "How about them Bears?!"

Jet

 

[atpcliff]

Hi!

Dangerkitty:
In the 70s, there was NO energy crisis. Saudi just decided to cut us off.

Now, we have a problem, because worldwide demand is very, very close to worldwide supply. Last year, producers produced an excess of 2.5 mbpd. Now, we are down to only 1.7 mbpd excess capacity. Every DAY, oil demand goes up, largely fueled by the huge rise in China's economy. I saw a picture of China's new superhighways. It was scary! What's worse is that India is only 10 years behind China, and closing fast.

OPEC can NOT produce any more oil, at any meaningful rate related to the amount of increasing oil demand. Mexico's largest oil field, the 2nd largest in the world, just went into decline. The North Sea is in massive decline.

The oil companies, despite today's sophisticated technology, can't replace the oil they pump with new reserves, which means in the future they'll pump less oil than they do today.

Worse, for us, companies like UAL are planning on oil going below $50/barrel to make money. Does it look like $50 will happen at ANY time in the future?

I really like my job/house, etc., but I'm worried. In fact, I'm so worried, I'm not even reading ANY books about Peak Oil, or anything resembling them, as I'm black enough already. Too much blackness is counter-productive.

Cliff
YIP