lowrentyieldmakessense(honest!)
-
Posts
2,493 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by lowrentyieldmakessense(honest!)
-
-
As some of you know I am a customer of Alpari. They recently gave away some free charting software.
I thought I'd leave it running to see how well it does...or doesn't!
Short at 10.30 GMT this morning? I don't think so...
Anyone who thinks that all the info is right there in a chart and fundamentals don't make any difference will be crying right now!
Ignore Fundamentals at your peril; as CGNAO says Technical Analysis will take you to the poor house.
Think for yourselves people - there is a funking good reason why they give it away!
jim sinclair
-
The cartel must be getting really desperate now, each time they try to take the market down it just pops straight back up, day after day. They are running out of days now, the shorts have until Monday to cover as it is options expiry day. If the cartel has to buy to cover in a rising market this is going to be sight to behold.
We should see some real fireworks over the next week IMO.
they are maybe losing control without the Asians on side - i wonder what deal could be done - methinks none but you never know
-
i like dividend payers
Royal Gold Raises Common Stock Dividend 13% to $0.36 Per ShareDENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ:RGLD)(TSX:RGL), a leading precious metals royalty company, today announced that its Board of Directors increased the Company’s annual dividend for its shares of common stock from $0.32 to $0.36, payable on a quarterly basis of $0.09 per share. Royal Gold has steadily increased its annual dividend since it first issued a $0.05 annual payment for calendar year 2000.
The Board also declared the dividend of $0.09 per share will be payable on January 15, 2010, to shareholders of record at the close of business on January 4, 2010.
-
Ludwig von mises did he called it the hyperinflationary crack up boom.
Inflation Then Hyperinflation
A "bumper crop" is one where there is an over-abundance of corn, for example. There is so much corn, that each kernel is worth very little. That's what's happening to the value of the US dollar with the amount of them coming off the printing presses at the Treasury. "The paper currency is a declining asset and as that happens people will convert it to something of tangible worth, such as hard assets. Paper money can be printed with no cost to the politicians." When that happens, prices of raw materials and hard assets will rise in an inflationary environment.
"Sooner or later, everyone is going to realize that the only way we can pay back one bond is to issue another one and you have a situation where you're using MasterCard to pay your Visa." That's when Goyette thinks we'll see what Mises called the "crack-up boom," hyperinflation and the demise of the exchange economy.
RESET To HoNEST MoNEY DEAD AHEAD!!!!!!! GoT GoLD??????
anyone else ordered goyettes new book
-
I genuinely welcome these kinds of comments (BTW, there's more than one economist being quoted and all are mainstream). So long as most 'experts' think it's a duff investment we should see a lid kept on retail speculation. This allows the minority to add to their position without worrying that they're caught up in some frenzy. I have no idea of how things will play out but I would not be surprised if gold sold off (maybe even heavily) in the next 6-12 months. Equally I would expect it to bounce back relatively quickly and still believe it will go significantly higher over the next 5 years or so. The idea, to me at least, that central banks/governments are nursing the economy back to health and will remove the stimulus when we're back on our feet is laughable. Here's a link to the BoE minutes - they have no idea what they're doing, no one does. As long as this trend stays in place, I think gold will continue its ascent but equally I do not rule out some sharp pullbacks along the way.
http://blogs.telegraph.co.uk/finance/edmun...t-price-bubble/
this is what happens
with experts in charge
And, first, in the economic department. From the early reluctant and careful issues of paper we saw, as an immediate result, improvement and activity in business. Then arose the clamor for more paper money. At first, new issues were made with great difficulty; but, the dyke once broken, the current of irredeemable currency poured through; and, the breach thus enlarging, this currency was soon swollen beyond control. It was urged on by speculators for a rise in values; by demagogues who persuaded the mob that a nation, by its simple fiat, could stamp real value to any amount upon valueless objects. As a natural consequence a great debtor class grew rapidly, and this class gave its influence to depreciate more and more the currency in which its debts were to be paid.[85]The government now began, and continued by spasms to grind out still more paper; commerce was at first stimulated by the difference in exchange; but this cause soon ceased to operate, and commerce, having been stimulated unhealthfully, wasted away.
Manufactures at first received a great impulse; but, ere long, this overproduction and overstimulus proved as fatal to them as to commerce. From time to time there was a revival of hope caused by an apparent revival of business; but this revival of business was at last seen to be caused more and more by the desire of far-seeing and cunning men of affairs to exchange paper money for objects of permanent value. As to the people at large, the classes living on fixed incomes and small salaries felt the pressure first, as soon as the purchasing power of their fixed incomes was reduced. Soon the great class living on wages felt it even more sadly.
Prices of the necessities of life increased: merchants were obliged to increase them, not only to cover depreciation of their merchandise, but also to cover their risk of loss from fluctuation; and, while the prices of products thus rose, wages, which had at first gone up, under the general stimulus, lagged behind. Under the universal doubt and discouragement, commerce and manufactures were checked or destroyed. As a consequence the demand for labor was diminished; laboring men were thrown out of employment, and, under the operation of the simplest law of supply and demand, the price of labor—the daily wages of the laboring class—went down until, at a time when prices of food, clothing and various articles of consumption were enormous, wages were nearly as low as at the time preceding the first issue of irredeemable currency.
The mercantile classes at first thought themselves exempt from the general misfortune. They were delighted at the apparent advance in the value of the goods upon their shelves. But they soon found that, as they increased prices to cover the inflation of currency and the risk from fluctuation and uncertainty, purchases became less in amount and payments less sure; a feeling of insecurity spread throughout the country; enterprise was deadened and stagnation followed.
New issues of paper were then clamored for as more drams are demanded by a drunkard. New issues only increased the evil; capitalists were all the more reluctant to embark their money on such a sea of doubt. Workmen of all sorts were more and more thrown out of employment. Issue after issue of currency came; but no relief resulted save a momentary stimulus, which aggravated the disease. The most ingenious evasions of natural laws in finance which the most subtle theorists could contrive were tried—all in vain; the most brilliant substitutes for those laws were tried; “self-regulating” schemes, “interconverting” schemes—all equally vain.[86] All thoughtful men had lost confidence. All men were waiting; stagnation became worse and worse. At last came the collapse and then a return, by a fearful shock, to a state of things which presented something like certainty of remuneration to capital and labor. Then, and not till then, came the beginning of a new era of prosperity.
Just as dependent on the law of cause and effect was the moral development. Out of the inflation of prices grew a speculating class; and, in the complete uncertainty as to the future, all business became a game of chance, and all business men, gamblers. In city centers came a quick growth of stock-jobbers and speculators; and these set a debasing fashion in business which spread to the remotest parts of the country. Instead of satisfaction with legitimate profits, came a passion for inordinate gains. Then, too, as values became more and more uncertain, there was no longer any motive for care or economy, but every motive for immediate expenditure and present enjoyment. So came upon the nation the obliteration of thrift. In this mania for yielding to present enjoyment rather than providing for future comfort were the seeds of new growths of wretchedness: luxury, senseless and extravagant, set in: this, too, spread as a fashion. To feed it, there came cheatery in the nation at large and corruption among officials and persons holding trusts. While men set such fashions in private and official business, women set fashions of extravagance in dress and living that added to the incentives to corruption. Faith in moral considerations, or even in good impulses, yielded to general distrust. National honor was thought a fiction cherished only by hypocrites. Patriotism was eaten out by cynicism.
Thus was the history of France logically developed in obedience to natural laws; such has, to a greater or less degree, always been the result of irredeemable paper, created according to the whim or interest of legislative assemblies rather than based upon standards of value permanent in their nature and agreed upon throughout the entire world. Such, we may fairly expect, will always be the result of them until the fiat of the Almighty shall evolve laws in the universe radically different from those which at present obtain.[87]
And, finally, as to the general development of the theory and practice which all this history records: my subject has been Fiat Money in France; How it came; What it brought; and How it ended.
It came by seeking a remedy for a comparatively small evil in an evil infinitely more dangerous. To cure a disease temporary in its character, a corrosive poison was administered, which ate out the vitals of French prosperity.
It progressed according to a law in social physics which we may call the “_law of accelerating issue and depreciation._” It was comparatively easy to refrain from the first issue; it was exceedingly difficult to refrain from the second; to refrain from the third and those following was practically impossible.
It brought, as we have seen, commerce and manufactures, the mercantile interest, the agricultural interest, to ruin. It brought on these the same destruction which would come to a Hollander opening the dykes of the sea to irrigate his garden in a dry summer.
It ended in the complete financial, moral and political prostration of France-a prostration from which only a Napoleon could raise it.
-
Read not listened to article. Sorry to say this but looks like you had your gold tinted specs on when you wrote this
WW1 occured with the gold standard in full effect. WW1 resulted in a major deflation in terms of world population thanks to the machine gun (and useless generals) plus (eventually) to Germany experiencing hyper inflation where they were "saved" by Hitler and to UK loosing its role as the worlds reserve currency (after WW2 where the unfinished business was finally sorted).
Also if we go back to making stuff and not consuming...... who is going to be buying?
Incidentally if Benanke/Greenspan really are responsible for the current financial mess by keeping interest rates on an artifically low level for an extended period of time, for all the backslapping of free markets that goes on - the free (Stock) markets didnt exactly object did they? No... there was a nice run up between 2001-2007.
took me a while to track down this thread
Two governments with the greatestwar-making power in the world introduced coercion forcing their subjects to accept and use debt
as money. This was a ‘first’ in history. In particular, the governments were forcing the military,
as well as civil servants, to take paper promises as ultimate payment for services rendered.
Of course, the use of the phrase ‘legal tender’ in this way is an oxymoron. A promise to
pay that is at the same time an ultimate payment is not a promise. It is an ukase. This was a
reactionary step, designed to facilitate the unlimited augmentation of monetary circulation
regardless of the gold reserve. It allowed the financing of the coming war with government
credits, much of it interest free and with no maturity date. The burden was thrown on the
shoulders of the people without their concurrence.
The measure was represented as an innocent house-keeping change. There was no public
debate on its wisdom. Nobody at the time could see the ominous consequences. Nobody
suspected bad faith on the part of the government. As a proof of good faith gold coins were
allowed to remain in circulation for another five years. Banks paid them out routinely as before,
without fuss. There was no noticeable increase in the hoarding of gold coins by the people, a sign
that they implicitly trusted their government. When the war finally broke out in 1914, the “guns
of August” heralded the delayed effect of the legal tender laws. All gold coins went into hiding at
once. Banks refused to meet any request for payment in gold. Members of the legislation,
including all the socialist deputies, voted all the war-credits the government had asked for
without demur.
The first author to unmask the connection between the Legal Tender Laws of 1909 and
the outbreak of the war five years later, in 1914, was the German economist Heinrich
Rittershausen (1898-1984). He also predicted the Great Depression, and linked the coming
unprecedented wave of unemployment to legal tender, as I am going to discuss it in more details
in a minute.
We are left to second-guess history. Would the senseless killing and destruction of
property have come to an early end in the absence of legal tender laws, just as soon as the
belligerent governments had run out of gold to finance it? Most contemporary observers had
predicted that it would have. There was no way to finance a conflict of this magnitude out of
taxes. People did not understand that legal tender was an invisible form of tax to pay for the
greatest war up to that point in history. They did not understand the power of credit that would
enable governments to expend blood and treasure freely, without any restraint. People did not see
the Moloch behind the façade of legal tender ― the god that was preparing to devour his own
children.
-
It is well known that GB sold half the UK's gold at the bottom price, not just in govt figures.
you mean when he helped out Goldman Sachs
surely not
-
Faber...
http://www.ritholtz.com/blog/2009/11/faber...ntly-over-1000/
“We will not see less than the $1,000 level again,” Faber said at a conference today in London. “Central banks are all the same. They are printers. Gold is maybe cheaper today than in 2001, given the interest rates. You have to own physical gold.”
China will keep buying resources including gold, he said.
central banks they are money printers
i think that slogan could catch on - to educate the masses
-
How are those Chickens working out for you? I hope everything is still going well.
down to around 2 or less per day due to shorter days
not got much done re veg this year been too busy trying to get money in at work and new business
as well as absorbing as much info as poss regarding the economic problems and likely consequences
discovered fruit tree greease so that should improve the apple and pear tree growth next year - ants were harvesting an abundance of aphids this spring/summer
-
this is why I never understood why I 'get it', yet I know far less than the majority of posters on this site about most things.
careful now
keep your head away from your own bottom and you will be fine
-
end the fed thread
-
edited - was that an attempt at humour btw ?
just re-read you last reply.yep it wasnt serious
-
I feel safe, I have something I can see & touch, that'll do me.......
you not grown out of that
-
-
-
-
What is complacent about being in a historical physical currency in a world of quantitively eased fiat currencies?
I intend to be in the currencies of gold and silver until this fiat currency downfall is over. No trading for me, I can't understand anyone wanting to convert to fiat currencies in these times. I completely realise that some people maybe able to swap in and out and come out on the right side, but feel it would be very easy for me to lose by trying.
I actually changed my GBP to PMs in 2007, in intend to hold for many more years. The only currency conversions I am and will be doing is swapping between gold and silver. I actually feel people who are holding any fiat currency are the ones being complacent, in the face of the massive problems being faced by the governments of the world.
+1
-
and motorways
to the bankers
-
-
I have chosen my 'flation route & after much deliberation & a bit of a late change to my buying plan, I have gone in approx 70/30 silver/gold. I initially was just going to buy all gold as I didn't really have an understanding of silver. I then spent the last 4-6 weeks getting my silver knowledge up to speed. (GOM speed that is
)I am annoyed at myself tbh as I should have been more aware of other metals, not just gold.
edited
good
not to take the advice of an internet poster
platinum may be more of inflation play than silver
-
they dont have the funds to chase the volume
they cant securitise the shit any more
-
not too sure yet, but definetly souuth devon as I am not a surfer type.
Probably between Lyme Regis & Torbay, preferably nearish to the beach although we are not typical beach types, more dog walkers down the promenade tbh.
large village or small town but with reasonable access to Exeter. Most places look reachable down there tbh, looking at the map. We can't wait tbh & should have been moving this year but that's another story.
its deceiving
do they have motorways in Devon
-
Obama is too young to know about the monetary meaning and value of gold. That's why the US might really screw up here.
he's a few years older than me
and if he read some history he would understand it
-
All is looking very promising for the completion of the inverse head and shoulders in September to me, which should mean a surge to $1300.
The flag formation has support at around $940 and resistance at $960, with things coming to a point in September sometime. Looks like very strong base building to me. Anyone holding on for Precther's drop might be waiting along time.
prechters lost the plot re Dow $400 - possible if priced in 1930's dollars
http://moneynews.newsmax.com/headlines/deb.../10/245898.html
Geithner Asks Congress for Higher U.S. Debt LimitMonday, August 10, 2009 9:02 AM
Article Font Size
WASHINGTON -- U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it could be breached as early as mid-October.
"It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations," Geithner said in a letter to Senate Majority Leader Harry Reid that was obtained by Reuters.
A Treasury spokeswoman declined to comment on the letter.
Treasury officials earlier this week said that the debt limit, last raised in February when the $787 billion economic stimulus legislation was passed, would be hit sometime in the October-December quarter. Geithner's letter said the breach could be two weeks into that period, just as the 2010 fiscal year is getting underway.
The latest request comes as the Treasury is ramping up borrowing to unprecedented levels to fund stimulus and financial bailout programs and cope with a deep recession that has devastated tax revenues.
It is expected to issue net new debt of as much as $2 trillion in the 2009 fiscal year ended Sept. 30 and up to $1.6 trillion in the 2010 fiscal year, according to bond dealer forecasts.
The request to increase the debt limit will likely raise the ire of Republicans who have accused President Barack Obama of runaway spending. They may try to hold up the legislation in effort to win concessions on Obama's health care reform plan.
Geithner urged Reid to not let politics hamper U.S. credit-worthiness and said he looked forward to working with the Nevada Democrat to secure enactment of legislation on the debt limit as early as possible.
"Congress has never failed to raise the debt limit when necessary. Because members of both parties have long recognized the need to keep politics away from this issue, these actions have traditionally received bipartisan support," he wrote. "This is clearly a moment in our history that calls for continuation of that tradition."
eh
just re-read you last reply.
)
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
does he have a kit for shining shoes