G0ldfinger

From: http://www.youtube.com/watch?v=J4Dk9eQIeiY

You might even see nominal house price inflation picking up again if such a price came to pass.

I guess you could apply that model to the UK as well. Whether or not plays a role that the US has the reserve currency - I guess it does in Sinclair's rationale, so maybe he would not apply that model to the UK. http://www.statistics.gov.uk/cci/nugget.asp?id=277 The question though is how much of it is external debt. I don't have this exact information. However, this BBC source here implies it could be something £200Bn external debt (potentially more now). Apparently, the UK has 310.3 metric tonnes of gold reserves. This makes the target UK gold price approximately £20,045.11/oz.

Silver's had enough and is leaving that chart now. I bl00dy hate this 'correction'. Where's my cheap silver? Correction my @r$e. Call me Silverfinger.

Hence hyper-inflation, and Turdling down the toilet.

This "correction" sucks. The price is correcting upwards, rather than downwards.

Yes, you said before that you were not quite sure about the position of the top line. I mean, at least so far the pattern is firm in place. It will be interesting to see whether it will break on a larger scale.

The ratio is still falling. Will it go back under the medium term trend line, or will it bounce off the bold line? It's possibly Bernanke who will call the shots on the short term. However, the HSBC/JPMorgan lawsuit could also become a stronger (silver bullish) influence.

Even if we went down from here, it would only have been a near miss.

Bloomberg front page opinion: Gold Will Outlive Dollar Once Slaughter Comes: John Hathaway http://www.bloomberg.com/news/2010-10-29/g...n-hathaway.html

RH will like this. In a hyper-inflation the entire top of the inverted pyramid will try to get into this tiny & shiny pointed area down at the bottom. It will be very explosive. Pressure will be so high, that any manipulation attempts will be futile.

Call me "Silverfinger"!

In case any impressionable soul reads this, here is my advice: (1) Don't take on debt to buy gold. (2) If you have not much cash, but want exposure to PMs, buy silver/good PM miners/out of the money calls on the gold or silver price. In this case you have more risk, but if your bet is right, also much more potential. (3) Don't do anything on margin. (4) If you have 10,000 bucks, but you need a new kitchen, and the store offers you a 2% loan, then you should carefully consider your options. If you have a very safe and stable income (some tenure/public service position etc.), it could make sense to take the plunge and buy some bullion and finance (part of) the kitchen.

He predicts a link to a money supply measure like M3 or MZM (he (falsely?) calls it a liquidity measure), i.e. the gold price and e.g. MZM would simply move in proportion. E.g. US doubling MZM, gold getting double as expensive. This would not restrict the economy, just make holders of gold "wealthier" in paper terms.

There have been instances when I could have paid larger bills by selling gold, and I did not as easy credit was offered. It has served me very well to hold on to the gold. I am net short GBP, USD, and EUR. Together it is an amount of no concern to me, all fixed IR, and my income is as safe as it can get. I have the intention to continue paying the debt back by depreciating currency. Gold would have to fall a very long way to make these 'shorts' turn sour for me, and even then, the debt would be no issue in itself. I have never actively taken on debt with the intention to buy gold, and I also won't in the future. This also includes shorting currencies (or other assets) on margin, which I have never done and never will. Hence, I will get no margin calls on my currency 'shorts'. I just couldn't part with the shiny yellow stuff in these other instances, and good for me, I didn't. EDIT: I just get some wicked kick out of being a little short these three currency turds. And, even better, with no margin.

Sounds right.

As long as the medium to long term perspective is the same, it can never be cheap enough.

That means you'll pretty soon own all gold in the world! As for scrap metals, in the UK there are these wonderful massive iron fences around public parks ...

WHERE is my cheap gold now?? EDIT: People promised me bubble tops, double tops, seasonal tops, sell-offs, you name. I say: WHERE is my cheap gold!? I want it NOW!

Weeeh, $950!!

Approximity chart of the month. http://gold.approximity.com/gold_charts.html

I also have a 1/2 oz Maple with a copper spot. And a Sovereign too. And a Panda, but there it was actually more some kind of tiny piece of ash or something black that was stuck on/in the coin.

If the gold is not .999 at least and has silver or copper in it, you always get a little patina. Also, there might be copper etc. inclusions which turn into "spots". Even a .999 coin just gets a little greasy/dusty if you touch it all the time. A soft cloth (and a little bit of breath) is usually enough to remove all patina on the common coins.

Yes.