G0ldfinger

Housing Starts in U.S. Unexpectedly Decline; Single-Family Starts Increase http://www.bloomberg.com/apps/news?pid=206...id=a5oDxafZlx2I This is so unexpected, it boggles the mind.

We obviously had very low prices for a couple of decades (less than half of today's). I'd say it's a very risky gamble to hope for these kind of prices again.

RPI-adjusted Silver: was from 1974 to 1985 (or so) above 10 pounds, and even for quite a while above 20 pounds (hitting over 70 pounds for a few days). We've wasted a lot of silver since then, it's non-renewable. Silver today (London spot) is trading at 8.67 pounds. Any questions? http://gold.approximity.com/since1968/Silv...BP_RPI-adj.html

The plunge in silver is nice for people who want to load up more. I'm currently not sure what I am going to buy next (Au, Ag, Pd, maybe even some Pt?). I won't sell any silver before $100/oz since I am not trading the ratio (or anything for that matter). Of course, this ($100/oz silver) might be take a few more years (2-5?).

This is a catastrophe in the making. If rates go back up to 16%, where will the repossessions be at? http://blogs.telegraph.co.uk/finance/files.../08/reposs1.jpg

The London Gold Pool made money at the beginning. Only later they were blown out of the water. If we're going to see more deliveries taking place, the Cartel will blow up spectacularly (as before). It's all been there before.

I think the people who do the 'manipulation' are often simply not aware of it. I think they will buy gold a few years (or less) from here. As Sinclair says, they're only human too. They will make everything much more outrageous.

Exactly my thoughts.

It's more like a Tsunami.

Depends on your future lifetime income, if you have a house, the size and composition of your pension fund. My rough guess is, that 95% of the population should be 100% in gold and silver with whatever spare investments they have besides the above mentioned ones. See also my diversification thread.

That's what you think.

Maybe some forced house selling at fixed prices or some outright house confiscation will happen!

Here in the logarithmic form, not all that parabolic yet, but it's been pretty good since 1999. http://gold.approximity.com/since1968/Gold_GBP_LOG.html

http://www.dailywealth.com/archive/2009/aug/2009_aug_03.asp

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

http://gold.approximity.com/since1968/Silv...SD_CPI-adj.html

Jim Sinclair: http://jsmineset.com/2009/08/08/in-the-news-today-274/

Has anyone dug up the article Al Korelin has been talking about to David Morgan? Some 80 silver bars seem to lead a double life in iShares and somewhere else. Exactly the same serial number and assayer apparently. A physical wonder, so to speak. (On last weeks KER.) Buy physical. Take delivery. BTW, IMO using GM or BV is almost as good as taking delivery since the stuff is removed from the markets.

The Hunt's (as most peoples') problem in the end was leverage. If someone comes in and does this without credit (no leverage), then it's GAME OVER for the paper shorts. This applies to gold and silver. The challenge is to stay clear of banks/credit. If you don't, they'll find a way to kill you, like the Hunts had to experience. Anyone got a spare billion in cash?

This here puts things into perspective. Note the use of massaged government CPI numbers. http://gold.approximity.com/since1968/Silv...PI-adj_LOG.html

Gold hasn't gone up at all recently. http://gold.approximity.com/since2006/Gold_GBP.html

Silver hasn't really gone up all that much recently. http://gold.approximity.com/since2006/Gold_GBP.html

The cycles work for cashbuyers like sideshow in particular. For people who need a mortgage, affordability depends to a great extent on mortgage rates as well. I am possibly going to move to another European country within the next 6 months. I checked out places there: buying on a 10-year fixed is substantially cheaper there than renting, and the quality of a renter's life is much better there than in the UK (better flats, more rights etc.). Also, there has been no property bubble. So, ironically enough, I might seriously consider buying there sometime in the not too distant future.

Exactly. Only rates over 10%, 15% or 20% will unveal the real mess we're in.

I am confused now...