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Schaublin

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Everything posted by Schaublin

  1. Schaublin

    GOLD

    Quiet here tonight I know this is the traditional wisdom that silver acts more like an industrial metal BUT I am beginning to think that this may change. I cannot back-up this opinion with anything concrete but imagine if an Oligarch wanted a cheeky punt on silver - 50 Million USD would tickle things up a bit and likely rattle the weak underpinnings of the long suppressed price. Once that ball started rolling, there would be some real fun...
  2. -2 (recommendation inlflation) I take the point about subscription. I don't think you need to highlight in blood red and with such a massive size - it could trigger migraines and fits
  3. +1 I hate wading through pasted information. A link and a pertinent quote is all that is needed. I visit GEI in order to read the poster's understanding of things - I use the posters on GEI as a kind of filter as they each have their own interpretation of a particular article or link and collectively, (in theory) the posters form a kind of superbrain. But like all geniuses, the superbrain at GEI can be prone to counter-productive behavior However, radical brain surgery may make the patient more relaxed but will also remove the spark of genius at the same time.
  4. Schaublin

    GOLD

    That sentence just made me collapse with laughter
  5. Schaublin

    GOLD

    I agreee with cdswamp about this. Obviously even ill-informed controlled media consumers know that something is afoot. That article confirms some of their ideas BUT kicks it out to 2018 - no need to worry for the moment then.
  6. Schaublin

    GOLD

    Seems strange to me that the gnomes have cracked under pressure. The only thing they have (had) going for them was anonymity - cast iron with no questions asked. Took em a long time to get that reputation and now it has vanished overnight. Any ideas cdswamp about what kind of threats were applied?
  7. Schaublin

    SILVER

    That loaf now costs 190,000000
  8. Schaublin

    SILVER

    Yes, this is the whole point as this is where most people get their food. There is a clear difference between the universal daily use of PMs and the situation where a shop owner (or even thousands of shop owners) will trade with you for gold to cash to goods. State employees are paid in fiat - they have to eat and if the supply chain and credit system collapses then we are in deep shit. That is why it will be made to function long after it seems to be a farce. I am not suggesting that there will not be a dual economy - of course there will be - there always is and PMs and stable foreign currencies will buy you anything, I am merely pointing out that most people will have to use the government fiat as they have no choice. IMO one good indication for when things are on the cusp of going hyper (not just high inflation) is when you notice that expensive luxury foods are no longer available in the big supermarkets. By the time only grey bread and dodgy sausages are on the shelves and the loaf costs £120,000000, even Realistbear from HPC may admit he made a bad call.
  9. Schaublin

    SILVER

    I do not see what this proves. Of course, some currency traders and gold/silver traders may set up shop within a grocery store - this happened in ex Soviet Union but you would get better rates outside the shop and you still convert to fiat for the purchase of the groceries.
  10. Schaublin

    SILVER

    With your foreign currency or with your gold or silver. If you don't have this you will have to rely on your salary which means you will be very poor. Forget about trading silver chains in a supermarket - it will never happen - you will have to go through the intermediary of fiat.
  11. Schaublin

    SILVER

    The Zim dollar was still being used right into hyperinflation - check out the news reports of early this year. It is true that no-one wanted it in exchange for private goods and services but you still needed it to pay for official things. USD was the unofficial currency - now de-facto official.
  12. Schaublin

    UK House prices: News & Views

    A friend of mine expressed surprise that the house price bubble was taking a long time to deflate - I agreed with him but bear in mind that all levers that can be pulled to slow down the crash have already been pulled - there is no more ammo left. A further devaluation in GBP would bring higher oil prices and higher prices of almost everything else - the weaker the GBP is, the less will be the nominal falls in house prices. Goldfinger has covered this in his Oz gold/average house prices graph - this IMO is the best tool for understanding property prices. The muppets at HPC dont get it and will lose the opportunity to take advantage of their STR strategy because their GBP will be falling almost as fast as the house prices.
  13. Schaublin

    SILVER

    I have read many posts on the subject of SHTF use of silver and gold in daily transactions for groceries etc. IMO it will not happen. Of course there are many types of SHTF but short of a true Mad max scenario, government fiat will be issued and used - even if it loses half of its purchasing power every week. We have many recent examples of currency collapse and people's behavior is similar in all cases. 1. Those with foresight (hopefully GEI members), see the writing on the wall and exchange their fiat for precious metals and/or stable foreign currencies while it is possible to do it at a good rate. 2. You plan a day of spending - pay your car tax, buy some groceries etc and buy enough local currency for these purposes. 3. Expensive items will be sold (or certainly advertised in OZ gold/silver/Yuan) in order that the price is understood. The point is that gold/silver will not be used for everyday transactions but will be the ultimate store of wealth - with a bonus of increasing its purchasing power several times.
  14. Schaublin

    GOLD

    I sometimes go over to HPC to see if there is anything interesting being posted but Realistbear is such a buffoon - I think he is either someone with a low IQ or a shill for the bankers - who knows he may be both. His obstinate attachment to ridiculous economic models where fiat money becomes increasingly more valuable is actually rather pitiful,
  15. Schaublin

    GOLD

    Of course, white gold will be targeted first
  16. Schaublin

    GOLD

    An interesting article which implies that anyone buying gold is somehow responsible for what is happening there. The collapse of The mining industry in SA is due to the same reasons that Rhodesia went from a prosperous grain and tobacco exporter to an impoverished hell-hole in 25 years. Perhaps the idea of 'blood gold' will be used as an excuse to restrict or prohibit private ownership. A few months of controlled media stories about gold hoarders damaging the economy tied in with horror stories like the one in The Times will smooth the way for legislation against the filthy perverts that hold gold!
  17. Schaublin

    SILVER

    Yes, I read it and picked up on this mistake - simple errors like this tend to diminish my faith in any article.
  18. Schaublin

    GOLD

    Great post. I cannot pretent to understand the PPT/bullion leasing/Comex shenanegins but my instincts tell me that if significant delivery of physical is taking place by China/Saudi/Russia then we are entering new territory. It may have been easy in the past to shake out the bugs but now they are riding the dragon's tail. If the appetite is big enough and the pockets deep enough to buy sub 1000 USD then it might become interesting very quickly.
  19. Schaublin

    recreational nomad

    That sounds like a very interesting way to live. I know many retired Americans live this way but far fewer in the UK. I would be interested to hear how you can find places to park without being hassled. Do you use expensive camping sites?
  20. Schaublin

    GOLD

    IMO this is very important. After the upheavals of the past year with banks going tits up and QE printing presses running 24/7 and some exposure even on the controlled media to gold, I would imagine that the monetization of gold (in people's minds) is already starting to occur.
  21. Schaublin

    GOLD

    I have noticed some of your posts on HPC - you are doing good work refuting some of the nonsense that is posted there. I do worry that some of the posters seem to be deliberately trying to frighten newbies into not acquiring PMs. These posters are initially plausible but later their purpose becomes clear - to use any argument, however ridiculous, to convince waverers that PMs would be confiscated/be worthless/in a bubble etc etc. I must confess, I am curious as to why some posters seem obsessed with trying to dissuade others from buying PMs. Generally it is in the interests of central banks to take this position not ordinary people......Hmmm.....
  22. Schaublin

    SILVER

    azazel just sent you a PM
  23. Schaublin

    GOLD

    I agree with your sentiments but I am not sure you were wise to 'rise' to the foolish talk of Ker. It is human nature to seek out opinions which resound with your own but wise to try to understand conflicting opinions - but only when these opinions are articulated by people with intelligence who back up their claims with solid information. There was a poster on HPC called realist bear - he was obviously a fool who had only partially grasped what was happening re the collapse. Ker does not even seem to partially understand - and more importantly, does not seem to want to learn so let him live in ignorance.
  24. Schaublin

    GOLD

    I seems to me that many believe there will be a pull-back to 800 or 750 - or even lower as the (false) dawn of recovery is talked about. For Bullion Vault or Gold Money accounts where trading spreads are not too high, there may be a case for selling now and buying in at the lower price ( if you have the nerve) but for physical with the wide spreads I cannot see any point in selling unless you believe that the price is going very low in the near future. I was in my local tool shop yesterday chatting with the owner and it seems that sales are picking up a bit on high-cost woodworking tools. The interesting thing is that he says that people are paying with cash or debit cards NOT credit cards as they say they may as well buy tool X now as they are getting bugger-all interest on their savings. Makes sense but I was really surprised when he said that many have commented on a fear of high inflation to come. This is Joe - public who are not supposed to be so savvy! I wonder how much spending in the high-street is now being done by such people - my suspicion is that it is making a big difference to what would otherwise be a deep fall in spending.
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