alexreeve

From CID website:

I would swap my tax burden for a10% tithe in a heartbeat. That'll be back the moment cheap energy supplies fail. Look back through history and the chances are you'll see evidence for whatever theory you happen to support at the time. At least that is what I find.

Massacre, followed by all leaders murdered, concessions recanted. Prosecuted, sent to penal colony in Australia (although later released to die in workhouses), no concessions. The terror, hyperinflation, conscripted to bring enlightenment/utter misery to the rest of Europe. These are the inspiring stories of revolution? Not all that tempting...

WOW! http://www.zerohedge.com/article/if-cme-hi...l-banking-pm-pr

I agree, it does look that way. Feudalism ended with industrialisation; perhaps it will return with de-industrialisation.

Northcote Road is often nicknamed "Nappy Valley".

Crimex margin requirements raised during the plunge. http://www.automatedtrader.net/real-time-n...uary-21--friday

lmao http://www.zerohedge.com/article/deposed-t...ry-15-tons-gold

Or maybe smaller head=less chance of mother and baby dying in childbirth, which until recently was the biggest killer of women iirc.

She cannot be happy with that likeness!

lol, since the PM fix last Tuesday? I make it 1 week....

CGNAO looks to have nailed it. I wonder if he can call the bottom.

Interesting take on silver manipulation from Mish, well worth reading. http://globaleconomicanalysis.blogspot.com...ilver-just.html

History may not repeat but might it rhyme?

I was thinking the same thing. There have been myriad corrections bigger than this in the last 15 months since that call was made. I hope it does prove to be an interim top so I can buy sovs at sub £200 again, and fully acknowledge it might. Let's wait a week or three and see whether this was in fact a significant top, before declaring this the call of 2009? Having said all that, nice to see CGNAO posting again.

Same every NFP. Either a run up prior and then a plunge, or a push down prior and then a spike. Easy money (if you trade PMs).

Bad Non-Farm Payroll report released.

Whether your savings/investments/entitlements are destroyed by hyperinflation, stagflation or deflationary collapse is debateable. But if the promises cannot be met then the end result is still that you get stiffed one way or another. The article seems to acknowledge this, but concludes more paper promises are better than a tangilbe asset, wtf???

I work in publishing, and as far as I can tell, the journalists are all absolutely property fevered and extremely pro big government.

If you came to the gold thread on an investment forum to ascertain the best form of payment for eggs at Tesco, then no gold is not money, presumably won't be in the forseeable future. If you came to the gold thread on an investment forum for opinions to inform speculation and/or trading in gold it is useful to consider it as a form of money. I'll leave it there.

I see an animal with some obvious characteristics of a duck. I expect it to display other ducklike qualities. Is this, as a consequence of internally categorising it as a duck, or have I categorised it as a duck because I expect it to display these additional ducklike qualities. Both. However, the idea that the assignment to generic type informs the expectation, is the point I was making, so I'm happy with my phrasing, thanks.

Indeed. Not sure why you think I meant anything else.

Maybe on mumsNet that would be true, but not on an investment forum, in a thread specifically dedicated to speculation in gold; defining gold as a) money or a commodity or c) something else entirely, has important consequences in terms of expected behaviour. Not if you're speculating to try and increase your wealth. What is most important is current price vs future price, and so the ability to accurately predict the difference. Whether I can spend gold or dollars (or scottish £100 notes) in Tescos this morning, is irrelevant. Whether gold behaves as a currency or a commodity (or neither) in a deflationary environment is extremely relevant.

Well if you genuinely don't think US Dollars, Euros etc. are money if you happen to be in the UK, or that Sterling is not money once you're more than halfway through the channel tunnel, then I can see why you would not think gold is money either. I don't think the "man on the street" would cease to regard a £20 note as money simply because he is on holiday in Ibiza. The argument of whether gold is money is distinct from any argument as to whether gold is a local currency.

You cannot buy goods with USD or JPY etc in a British supermarket. Therefore by your test they are not money either. Is this really your opinion?