Compounded

IMO this is the real story, not hyperinflation, not derivative blowout, but the USA's bankrupsy and economic collapse, hyperinflation of couse will ocour in economic collapse, almost everyone including the Chinese are trying to delay that collapse so it may still be some time before it actually happens, but the USA has debts that are impossible to pay back so it must in the end default. I am with Cgnao the debt like Weimar Germanies debt is the main driver. I have missed you too. I am 50 in a few months and have a government indexed pension that if fully honoured I could just about manage on if carless after 60, so stuffing everything else in gold is really only insurance for me, insurance that likely to be needed IMO. It is down to you I have realized I need that insurance. FFS I went to HPC because i was wondering about investing in BTL - I have learnt alot in 18 months! In the USA it offers gold and silver in the UK gold only. Google Buerkely Burke Goldmoney and you should find the links. The only thing is the transfer took 6-8 weeks it worked out fine for me as i first enquired about 2 weeks before Bear Stearns weekend and bought the gold pretty near the May bottom.

My pension was moved to Goldmoney in April, it is now worth 31% more now than it would had I not moved it. This is entirely due to finding GF on HPC for he is the man that got me interested.

I just listened to it and recommended it, it's scary "In terms of dividend return the DOW is still higher than at the 1929 peak" ZG "Cantarell is a disaster", "OPEC is cutting production because of geology to but pretending it's voluntary". The gold chap was bullish too.

ie Keep 10% in gold and hope it does not perform. I would be happy if my gold loses value and this crisis passes. I suspect not many have made a fortune just by owning gold, but believe many have preserved wealth in previous clamities by owning gold.

The history of sterling is facinating, I have one of the 4d silver coins, it's tiny like a 3d but thicker. Fiat currency has a poor record and a fiat global reserve currency is IMO a risky unknown never tried before concept.

http://www.theinternationalforecaster.com/...d_Silver_Buying We, the taxpayers, through the advice of our peerless leaders in Washington, have just nationalized Fannie and Freddie. In doing so, we have created the perfect fraud machine, thereby extending the life of one of the biggest Ponzi-schemes of all time, and giving it a lifetime warranty to boot, courtesy of the sheople................The current debt-based, fiat-money global economy is in the process of collapse. This monetary abomination and its accompanying manipulation will soon come to an end. No fiat currency has ever survived and when it does it will be catastrophic.

I know that I if given the task of getting and keeping the gold price down would suppress the price in such a way as to produce bearish charts.

£442.90 a few minutes ago on gold money - and my money had not got there yet.

What will you put those profits in?

It could be that the bottom will occur when there are bugger all posts on a thread like this. The HPC gold thread definately went quiet when gold fell and was about to rally.

I am no expert on junior miners Dr Bubb is and it sounds like a full time job just to know a few, I just looked at he graph of the last gold bull and could see it's not easy to ride, the volatility just makes it very difficult to ride. I am certain we are in a gold bull - I think it will remain a gold bull until inflation is reported correctly and interest rates are higher than the real inflation rate. Trouble is there is so much debt they cannot raise interest rates to the levels needed without crashing the economy. So it's a mess and that sort of mess is bullish for gold.

There is a long grinding it must at the time for people with our mindset have been excrutiating 50% correction from late 74 to late/mid 76 it's not pointed out on the graph - I am prepared for that to repeat because I am convinced of the fundamentals. If this repeats we will have a steadily falling price for nearly a year, bottoming at not much above $500 before heading to $4000. This is not going to be easy I think only the most committed will win big.

It's a shame the most long lived currency in history - sterling deserves the name turdling. No currency the Romans, Greeks or Egyptians have has come remotely near in terms of staying power Are we really going to allow it to be destroyed it for the sake of the USA a collection of old colonies that have become money mad? I guess the die is now cast.

Other side of the river.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.