G0ldfinger

Remember the short-of-gold crooks that told us some time ago that the Indians would stop buying gold. http://www.bloomberg.com/apps/news?pid=206...id=aPvNzoHocLDw

No, I am not. Keep in mind that this is a EUR-gold chart that is based on GERMAN data before 1999. However, the EUR is not a German currency, even if some fools out there still believe so. That same chart in Drachma or Lira would look very different. Also, the USD still matters more than the EUR. If I really want to know how expensive gold is given the financial state the world is in, I rather look at charts like these her: http://gold.approximity.com/since1970/Gold...rium_Price.html Find an explanation of this here: http://gold.approximity.com/gold_price_models_sinclair.html http://gold.approximity.com/since1959/Gold...rium_Price.html Find an explanation of this here: http://gold.approximity.com/gold_price_model.html Or, one of my favourites (self-explaining?): http://gold.approximity.com/gold-silver_watch.html http://www.dailyfinance.com/story/investin...-ever/19499007/ You have to understand that it is alll about the physical properties of gold: WHAT MOST PEOPLE DON'T KNOW ABOUT GOLD by Doug Casey http://www.financialsense.com/editorials/c.../2005/1123.html EDIT: Disclaimer: I possibly wouldn't by gold with Euros right now. It looks a little topy to me too.

No, I am not. Keep in mind that this is a EUR-gold chart that is based on GERMAN data before 1999. However, the EUR is not a German currency, even if some fools out there still believe so. That same chart in Drachma or Lira would look very different. Also, the USD still matters more than the EUR. If I really want to know how expensive gold is given the financial state the world is in, I rather look at charts like these her: http://gold.approximity.com/since1970/Gold...rium_Price.html Find an explanation of this here: http://gold.approximity.com/gold_price_models_sinclair.html http://gold.approximity.com/since1959/Gold...rium_Price.html Find an explanation of this here: http://gold.approximity.com/gold_price_model.html Or, one of my favourites (self-explaining?): http://gold.approximity.com/gold-silver_watch.html http://www.dailyfinance.com/story/investin...-ever/19499007/ You have to understand that it is alll about the physical properties of gold: WHAT MOST PEOPLE DON'T KNOW ABOUT GOLD by Doug Casey http://www.financialsense.com/editorials/c.../2005/1123.html EDIT: Disclaimer: I possibly wouldn't by gold with Euros right now. It looks a little topy to me too.

I also had problems since there was no link. It seems to be a blogger who made a very interesting post recently, that also debunks the whole 'taxation will create enough demand for [inser any fiat currency here]' that seems to be having more lives than a cat.

For comparison: http://gold.approximity.com/since1968/Gold...PI-adj_LOG.html

You see now why it is expensive, and why Bernanke prefers to print instead.

EUR-Gold made an all-time high in the London AM Fixing yesterday (EUR 1006.39/oz). http://gold.approximity.com/since1999/Gold_EUR.html

He can either google it, or won't believe you anyway. If I was Laura, I'd also get a nice stash of silver coins. In a SHTF scenario, a gold coin will buy the entire local SPAR Supermercado. You don't want that. What you want is to buy one aisle. A silver coin will do so.

In the current markets, all longterm TA in the precious metals reminds me of reading tea leaves. Even astrology might produce better results. The fundamental strength of these markets is clear, and deterioration in the financial markets and central bank responses to it make these markets grow stronger by the day.

To be precise: it is a naked short of legal tender. Naked, except for a small margin (if at all): the reserve fraction. In that sense, all the problems that we have are the same: Fractional Reserve Banking = Naked Short-Selling = Pretending to Have Something (that you actually don't have). The latter one is perceived as criminal by most human beings.

Through GoldMoney? Maybe Jersey has different rules regarding retail bullion as well?

Hence he should have seen that gold was ridiculously undervalued...

That's because you are...

http://gold.approximity.com/gold-silver_watch.html

Those Japanese grannies!

This is factually wrong, as pointed out below. This also applies to general banking BTW. There were a lot of profiteers from the Weimar hyperinflation who had loaded up hard assets on credit. This is well-known, despite RH's repeatedly made wrong statements. RH, I am not sure whether you understand that all cash in Weimar was created by credit. There is not much difference between Weimar and today, only that money creation today will be much faster. So, welcome to a brave new world! Your theory seems to be based on false assumptions. EDIT: To back this up with some facts, taken from Weimar, 1918-1933: die Geschichte der ersten deutschen Demokratie by Heinrich August Winkler (in German): http://books.google.de/books?id=C5qqLpiJNL...p;q&f=false In short, since the Reichsbank was allowed to buy German treasuries (besides gold) to "back" the Mark (just like the Fed, BoE, or ECB) there were no limits to money creation. And so it took its course... It's all about the responsible actions of the central banks. What do you need to know more?

Amen. And for currencies, we simply need FREE markets and free competition. That would put things on checks and balances.

As spotted on JSMineset. http://www.bloomberg.com/apps/news?pid=206...id=a2eu6WpDGEEc

Very nice. Art Nouveau?

It's more an RB kind of argument. Large colliders and such.

That's what I meant.

What we really need is a system of freely traded currencies that all compete. Gold would certainly be one of them, if only for the ``gold bugs". As Hayek (Nobel 1976) pointed out already, how can it be that the very backbone (i.e. money) of our oh-so-fee markets shall not be free, but forced upon us by government? I am looking forward to this Trekkie future. We will need no money anymore when energy should become that abundant.

I thought he had been out of the market since 1987 - pre-crash. So, he has lost out on a 600% profit. http://gold.approximity.com/since1985/DJIA.html

RH: JS considers behaviour too. In fact, it is funny how Prechter ignores the behaviour of masses surrounding currency collapses.

Gold is anti-fiat. The next Dollar-roasting will come.