G0ldfinger

You'd have to be a timing genius to get it so wrong (buying and selling, I mean).

I think it would be not exactly unexpected if gold (once more) would lead the chartists/TA-preachers ad absurdum. The only way of dealing with gold for me is from the fundamental side.

Let's put all this into perspective (also given that there is a real danger we will run out of silver one day): http://gold.approximity.com/since1968/Silv...BP_RPI-adj.html

What I don't like about D.R. Schoon and A.E. Feteke are there blown out of proportion egos (worse than Sinclair). D.R. stands for Darryl Robert, or so, not for a Ph.D. The confusion seems to be wanted. Fekete seems to be in need of this here: http://www.professorfekete.com/ The sign of arms - give me a break.

Maybe she is confused. Whipsawing wipes everyone out who has no strong believes due to proper research.

Bubb, I am on Jim Sinclair's and cg's side regarding derivatives. So, I wouldn't do it. But I understand that in theory this loks like a good thing to do.

I buy and hold. I am not satured because my retirement is way too far off, i.e. only a small amount of my (assumed) lifetime income is in PMs so far.

Houses in gold update. Nothing goes down in a straight line.

You couldn't make this stuff up, could you? http://www.guardian.co.uk/money/2009/jul/0...gage-nationwide I sincerely hope Nationwide will go bankrupt asap with no bailout.

http://www.telegraph.co.uk/finance/economi...lifax-says.html I remember, the first time someone in the UK told me that I would have to buy a house because prices only ever went up and one would have to get on the "property ladder" was in 2004. "Ladder" my @rse. It's a bl00dy precipice (see forecast in signature). Heck, no, let's not blame it all on the banksters. Yes, some of them are retarded, but so are some estate agents and some property buyers.

There lies the problem: someone seems to have control of money. This is wrong, wrong, wrong. In a free market economy, people should be free to choose their favourite money. People should be free to negiotate trade in whatever currency they would liek to. There should also be no capital gains tax (only VAT IMO). Government should accept at least 10 major currencies people in their country are trading in.

I know what will happen: I will buy more. What IS going on?

BBC reported it. Still, most articles always try to put a positive spin on housing data releases. When will these idiots understand that only cheap houses are good houses? http://www.bloomberg.com/apps/news?pid=new...id=aMwEo6DH4TP4 Dude, yeah, unexpected, but only for people working at Halifax (substitute any other UK bank name). Excuse my French, but FFS, why is the whole banking system full of retards?

I guess this is what makes NZ so attractive.

http://www.telegraph.co.uk/finance/persona...nd-on-rent.html

Puplava (in his last show) seems to think the S&P 500 could go back to over 1,100. I think he is once more far too optimistic on the stock markets.

There is nothing new under the sun. Andrew Jackson (1767-1845) 7th US President Source: in 1836, Jackson forced the closing of the Second Bank of the U.S. by revoking its charter http://quotes.liberty-tree.ca/quote/andrew...kson_quote_4f92

http://www.bloomberg.com/apps/news?pid=206...d=aEVdnjdCm1W0# Why paying debt off for decades if you can inflate it away? Anway, I read that the world has $6.5 trillion in currency reserves (presumably at present exchange rates). Central banks apparently hold 30,000 tonnes of gold. I conclude that the equilibrium price of gold is $6,738.33/oz at CURRENT exchange rates. Those might change of course, and also the general circumstances (that are still pretty rosy right now).

These houses in Madison, IN, that I wrote about some time ago and that are listed at such incredibly low prices, they still have to go further as well IMO. And there it is not necessarily because of the demographics. Some of the houses in Indiana, in the middle of an unfinished subdivision in the middle of nowhere, they might have gone from $300,000 to $150,000, but I see no reason why they should be worth more than $50,000 - $70,000. That's the other thing I don't get. Also, what bank would dish out mortgages that run for longer than, say, an age of 70?

http://www.bloomberg.com/apps/news?pid=206...d=axMDObJEk6eA# http://finance.yahoo.com/taxes/article/107...od=taxes-filing -30% my @rse.

Fractional reserve banking per se is not fraudulent. The problem however is that the people who are using it have no understanding of it, i.e. they are also not aware of the fact that the system is prone to cause eternal inflationary bubbles and deflationary collapses. The latter ones are now ironed over by central bank money printing, hence fractional reserve banking is putting whole currencies at the risk of hyperinflation.

http://goldismoney.info/forums/showpost.ph...postcount=27970

Annual no. of new built flats in Germany down 70% since 1995. http://www.spiegel.de/wirtschaft/0,1518,634514,00.html

As far as I know that is not how it worked. Otherwise, why was everyone suffering? Simple: Some prices go up more than others. In a hyperinflation, the most liquid assets go up the most. Gold is THE most liquid asset. Only a nutter would say things like this. However, if you are a rational investor, there are many much better reasons to own gold.

Weimar: IIRC, many rents were fixed (or got fixed), so they would not keep up with inflation hence ruining landlords who depended on the rental income for living (not for repaying the mortgage, which would be less of a problem since you could simply sell, say, a piece of toilet paper and pay back the mortgage on your house). Houses themselves were of course still houses. I know someone who's German great-grandfather shot himself since he sold his house BEFORE the hyperinflation (and hence lost all his assest since he kept currency). The best durable assets to hold in a hyperinflation are financially liquid ones: gold and silver.