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Compounded

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Everything posted by Compounded

  1. Compounded

    GOLD

    Well it should but I think we have mega manipulation by powerful financial institutions and we dont know what they will do, fundamentals will out - eventually - I suppose the key thing is how much time you have. I think the manipulation is important - the longer it goes on the bigger the eventual breakout should be and the greater the transfer of wealth to gold holders will be, mind you I am still keeping my day job. If I lose that the odds are the system will be in such a bad shape gold will gain value - I suppose that's the insurance part of gold holding. Remember in the 70's bull a 50% correction happened just a few years before the gold bubble - that must have been truly terrifying at the time for goldbugs. Volatility - we ain't seen nothing yet IMO. I saw a kruger in a York shop for sale at £400 in December spot is now £450 - we UK gold holders have nothing to complain about.
  2. Compounded

    GOLD

    His RichDad book was one of the first I read and it helped me appreciate some of the basics 1. The house you live in is not and investment it is a liability (Big House = big bills ) - it's not good if it is your biggest asset. 2. He was banging on about the government's unsustainable liabilities years ago and IMO is quite right to assert that relying on the government to look after you is unwise. I do think he was far too rental property bullish - I think he mentored Casey Sarin!!! Thanks for posting this I missed it and as you say it's interesting.
  3. Compounded

    UK House prices: News & Views

    In my eyes it's a confirmation that this is a much bigger bubble and the current correction as I and many on the old HPC expected will be massive it is already looking like it will be much bigger. The overshoot also should be in proportion very big and might produce very good bargains - not for a year or two yet IMO.
  4. Compounded

    GOLD

    The more I learn the more I am convinced the money men including the government at the centre are bleeding the working man white. I detest and distrust them, I have debt free property and precious metal and nothing in the crazy soon to be bankrupt financial system. I will not pay for cheaters porsches.
  5. Compounded

    GOLD

    We could have both at the same time. I suspect most here think we have.
  6. Compounded

    GOLD

    It's funny how events seem to reinforce this seasonality. Me - I buy and hold I am not clever. Something's wrong and gold is good in bad times is all you need to know.
  7. Compounded

    GOLD

    Tanks, fire risk, insurance etc. etc. Gasoline and diesel also decay - you must put preserver in or they will become unusable in a few years - esp with the most advanced engines. Going physical in terms of cash value is easier in gold than anything else. Thats why a free market has tended to make gold money.
  8. Compounded

    GOLD

    I would certainly expect it, who knows about gold? Real money has been the all powerful dollar for so long now. Failure of the dollar is needed for the paradigm shift IMO.
  9. Compounded

    GOLD

    I am shocked. I thought gold could never become a proper currency again until the USD had totally and utterly failed - which I am certain will happen sometime, will probably happen in the next 10 years but could be decades away. I was under the illusion that countries with failing fiat like Russia, Zimbabwe etc. just adopted the USD as a black market currency not gold.
  10. Compounded

    GOLD

    Dreadful summer here but it's been nice today - apart from the hailstorm with thunder this morning. I think your basics on gold thread is brill, wish I had found something like it earlier. Must have taken ages to do.
  11. Compounded

    GOLD

    Guess it's not late Fri night in NZ I am right certain of it the only real worry us gold investers have is that USD turns out to be OK.
  12. Compounded

    GOLD

    Fundamentals will out Fundamentals will out Fundamentals will out. I am guessing gold is a bit odd, very very volatile, but christ look at a chart of the 70's gold price. FFS you lot gold has 25% corrections in bull markets regularly, all you have to do is be sure you understand the fundamentals. Forget gold, to decide the fundamental of gold all you need to know - is the dollar crap? Had a few beers so will post anyway.
  13. Compounded

    GOLD

    Possible, though this is more extreme than the 70's don't you think? Supression though covert is continuing into to upswing. I suspect the cartel have got pretty competent men doing the supression. They know about charts and all that stuff better than most of us. JS and cgnao both say gold on margin is madness, you are up against experts who will empty your wallet; physical and wait is my strategy.
  14. Compounded

    GOLD

    I am surprised you are worried, Krassimir in one of his talks said 25% corrections are common in a gold bull market "everyone gets a heart attack but dont worry it's normal for gold", I looked at the graphs and its very easy to see the crashes in the 70's and recently (perhaps the volitility is a confirmation of the bull - as it certainly was volatile in the 70's) There was a 50% correction in the 70's bull IIRC - think of that £450 kruger being devalued to £225 Welcome, I like it here too. I cannot often follow the convoluted arguements on currency - but believe a financial crisis of mega proportions is possible. Still bloody glad i have been frugal and have no debt - I am 49 so mortgage free is no big acheivement I have just done my books - costs well up - guess I will have to increase prices. FP quite pro gold IIRC, though never flaunted it on the gold thread. Exactly - WTF else do you use as a savings vehicle now? Nice graph. If you could convince me it was the end of it, it would follow that our economy is sound - I think I would like that especially as I have children.
  15. Compounded

    GOLD

    I have read the French are in it too - very significant IMO.
  16. Compounded

    GOLD

    It's a mind game, all of it. If you think financial strive is ahead buy PM and hold. 25% corrections are normal. 50% crashes happen. Few make money with PM's, they are not an investment. They are a preserver of wealth when the financial world goes wrong. We have the biggest, the first ever global credit bubble bursting, now.
  17. It's offshore so decline is rapid. Uk and Norway should take note. Peak oil is real, serious and upon us now, the current oil price collapse will not last. Crude will go to the moon and our living standards will decline as a result.
  18. Compounded

    Canals - is a comeback coming?

    The point is it's a infastructure that's there. Britain by industializing early built it before the railways and it is an incredibly energy efficient way to move things.
  19. Compounded

    GOLD

    I was not into gold then, so it passed me by. I do wonder how much is due to cartel suppression and how much due to other factors. I have physical mostly in a pension, I am surprised myself how unworried I am. If it's supression - they are worried which means things are bad which means gold is the thing to have. If it's not suppression. Oil - it's peaking soon prices will rise higher than ever in the next few years - I am certain of that. War in the middle east - hmm.
  20. Compounded

    GOLD

    The Pound is now below $1.90, so the gold drop is not so bad in for sterling holders like myself. I thought 25% corrections in the gold price are normal and nothing to worry about at all.
  21. Compounded

    Canals - is a comeback coming?

    http://en.wikipedia.org/wiki/Canals_of_Great_Britain I think it's likely as fuel becomes more and more expensive the narrowboat which can be pulled by a horse may again become viable. Reminds me of a Saudi saying which goes something like:- I fly in a Jet, my father drove a car, my grandfather rode a camel. My son will drive a car and my grandson he will ride a camel.
  22. Compounded

    Australia vs UK -- should I move?

    The exwife lived in Aus for 8 years, she regrets not getting citizenship - could not be bothered with the forms etc. If she had got citizenship she believes she would be entitled to an Aus pension plus the right to return.
  23. Compounded

    GOLD

    You are big, calling the oil price decline really impressed me too. Thanks again for this wonderful site Everyting the government does is a boondoggle (american term I believe) All government solutions to problems seem to cause more new problems and make the overall situation worse. Issac Newton also said someting like, "I can calculate the motions of the planets but the folly of men is a mystery to me" Newton liked gold he had an obsession with it and spent most of his life's creative energy on alchemy, as master of the mint in 1717 he was responcible for sterling moving to a gold standard (from a silver standard hence "sterling silver"), and created a currency that begat the UK as the centre of a great trading empire. WW1 ended it and that was the start for this unfolding catastrophy.
  24. Compounded

    GOLD

    Volatility in everything including the gold price should increase as high finance becomes more overstreched and unstable. Also like the Ottoman Empire the untenable can exist for much longer than you expect just through sheer inertia, though surely it cannot last that long!!!
  25. Compounded

    GOLD

    Welcome, Dr bubb used to welcome everyone personally but I think such a large number of posters from HPC are arriving here now he does not always manage it. As for PM's a year or so ago i felt they might make me lots of money, now i think that is still possible but it's more likely they will preserve some wealth when all about are losing most if not all theirs.
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