Jump to content

Schaublin

Members
  • Posts

    1,535
  • Joined

  • Last visited

Posts posted by Schaublin

  1. Is there any metal detectorists here? Ive just ordered one and we are looking forward to going out and finding stuff. I will be detectoring and the wife and kids will be digging!

     

     

    How is the gold panning going chris ct? I think theres more chance of finding gold with a detector than a pan. Fancy a competion?

     

     

    I think it will turn out the other way around :lol:

  2. Good article on 321 gold by Darryl Robert Schoon outlining the massive spending on war by the US and the debt that they have accrued. A concise well-written account about why the US will fall hard - and soon.

     

    http://www.321gold.com/editorials/schoon/schoon080510.html

     

    The US borrows 45 % of all moneys borrowed by all governments and spends virtually that same percentage of global military spending. Beginning in 1980, President Reagan started the US on the road to financial collapse, borrowing heavily in order to fund the US military buildup, an act of fiscal irresponsibility that would later prove fatal. In his two terms, Reagan increased the US national debt by 258 %, the cost of which would be the loss of America’s economic power-base.

     

    Edit: It is amusing that it is called 'defense' when, in reality, it is all spent on waging offensive wars on weak countries and bullying other nations with its threats.

  3. Must read for anyone trying to understand what is happening with gold and backwardation.

     

    http://fofoa.blogspot.com/

     

     

     

    And just as with all bogus signals that the government, the Fed and Goldman Sachs create, the response is the same. The marketplace withdraws from games with bogus signals. Volume dries up, and Goldman Sachs ends up playing against itself to create the show. Just like price controls create shortages... SAME EXACT CONCEPT.

     

    So Goldman Sachs (the $IMFS) has rigged the GOFO as a big F-YOU to Antal Fekete.. but it shot itself in the foot in the process.

     

    Just like unemployment isn't really 9%, I think it is possible that gold is actually in permanent backwardation at this very moment and may have been for a while now. You can't change the temperature by simply rigging the thermometer. But you can't know the exact temperature either.

     

    The dollar NEEDS voluntary bids from private physical gold to survive. My guess is that pool of REAL bids of size is bone dry and cracking. And "dollar liquidity" is just a cheap façade at this point. This is why the dollar NEEDS a rising gold price. As the price (for selling, not borrowing gold) rises, weak little bits of gold here and there will bid for dollars.

  4. Agreed but this is easier said than done.

    Exactly what jobs are people going to do to create wealth?

    Can the UK compete with Asia on labour costs?

    Have the UK got resources they can exploit?

    What do 20m working people actually do?

    As it stands a sizable number of workforce just provide meaningless services for each other.

     

     

    That is the nub of it - there is little actual wealth creation going on any more and no quick way of getting any started. For a small island with a huge population, manufacturing is vital - but that has mainly gone and will not come back unless the workers are prepared to accept £100/month pay. The inertia of a huge population living on international credit is slowing - there is great poverty and upheaval ahead.

  5. TAKE ME BACK to the Summer of 1920 ... before the Hyperinflation hit

     

    0.jpg

    Jazz

    weimar-fashion.jpg

    Fashion

    dix_stadt.jpg

    Art

     

    This doesn't look like a "depressed" time, does it? More decadent than 2010.

     

    Strengthening currency in the first half of 1920 .. whole chart

    xxxwk.jpg

    "Gold marks" fell into mid-year, before the hyperinflation took off

     

    Weimar : "a period of tremendous social and cultural creativity"

     

    Here's an interview with a historian/ writer:

    http://www.writersvoice.net/2008/03/eric-w...weimar-germany/

     

    historian Eric Weitz about WEIMAR GERMANY: Promise and Tragedy.

    On the one side, there was Bauhaus, Expressionism, Magnus Hirschfeld and new freedom for gays and women, a vital and experimental theater–in short, an explosion of intellectual and artistic creativity. On the other: hyperinflation, economic depression, and bullies of the left and right rampaging in the streets, setting the stage for the Nazi seizure of power in 1933.

    We explore both sides of Weimar Germany and what lessons it may hold for us today.

     

    One of the pictures shows a soldier with no legs - presumably begging. I wonder what the untold thousands of maimed ex servicemen thought about the 'explosion of intellectual and artistic creativity' while trying to live by begging.

     

    Edit: The National Socialists did not seize power - they were elected - but that is just a detail that gets lost by 'historians'.

  6. Anyone thinking about the long-term future of gold can look at:

     

    Historical currency collapse.

     

    The build-up of huge private and public debt in the West.

     

    The activities of central banks (printing money and buying gold)

     

    The lack of wealth generating capacity (not cutting hair or selling each other houses)

     

    China - the amount of Western debt they hold and their massive wealth-generating economy.

     

    Or they may choose to look at Ker's graph...

  7. ... a broken handle? ...

     

     

     

     

    Don't trade Gold ! (Unless you are good at it.)

     

    What are the Piper's men saying today, I wonder?

     

    I am about to sell some fiat for Sovereigns (funds from a closed BV account). As you seem to be an expert at trading gold, what price should I buy at?

  8. 1.Mexican Libertads have bare breasts...IN 3D!!!

     

     

    2. I sold one a while back for £150, now they go for about £50. That was almost exactly 1 year ago. Gold is up 45% in GBP Y-o-Y.

     

     

    1. You need to have 1kg Libertad for a proper eye full <_<

     

    2.How much did you pay for it - or did you find it in your change?

  9. You too if you have fond (& foggy) memories of Bessarabia. The great Bentine never did reveal the vintage the MC was drinking that night, did he?

     

    That's too mysterious for me - (Googled it) maybe something to do with an actor that visited Moldova and tasted some wine?

     

     

    Try writing to someone in Rutland and you have to address it to Leicestershire <_<

  10. An outrageous, unfounded, statement from the 'Durden' person on zh

     

     

     

    http://www.zerohedge.com/article/eurchf-ne...ld-surges-again (not a lot to see, I was just drawn to his 'gold standard' remark.

     

    Even hints that the Euro isn't falling apart because of printing!

    Is this what that collider machine en CH is really for?

    Maybe it's that age thing again, but I do find this fiscal affair difficult to take seriously at times; but please do not confuse serious with responsible. No-one on GEI would do that, would they?

    I blame Plato.

    Somewhere in distant memories is Socrates saying we must forgive someone who has touched the divine for being unable to refrain from laughing when men are discussing serious affairs.....or a transliteration to that effect.

     

    Laura, you must be getting on a bit if you remember chatting with Socrates. <_< Maybe the collider is going to produce mini black holes - these will be used to suck in all outstanding debt and therefore solve all the problems. Simple really.

  11. Perhaps a central issue here is that the kind of people who have bought physical (even at a distance) over recent years are precisely the kind of folks who like things kept simple. They have (I suspect) mostly bought gold to remove many of the question marks associated with other investments, and to try to get out of the way of those who can mess with their money. It feels as if we're still well in advance of any gold mania (whether or not one is to come), so gold buyers thus far are probably more suspicious and more cautious people than most. For gold buyers, change is something to be wary of.

     

    BV's apparent simplicity (and being relatively question-mark free) might explain why it's done pretty well, and (sadly, from the point of view of at least some customers) become interesting to other parties.

     

    I hope that those still in majority control of BV remind any such interested parties that they became interested in BV because of what BV already is. I would suggest the possibility that trying to 'improve' what BV is might not work out as intended.

     

    Very well observed. Perhaps the loss of ultra cautious types was anticipated with the hope of reeling-in some new, wealthier, less savvy customers in the future. Given the dismissive tone of the reply here at GEI, the directors may be genuinely unaware of the effect their decision to take on a new 'partner' would have :blink:

  12. The Price of Apples

     

    Thanks for your replies guys.

    It's not a test, so I won't be marking your answers :lol:

     

    You get a better quality of reply on here than I would expect in many other places. I think it's a gold thing ;)

     

    I did want to get you all thinking about stocks and flows though.

     

    The "stock" answer would be calculated like this:

     

    Stock = 100 apples. Money in existence = $500.

     

    If all the money "flowed into" the stock of apples, that would be $500 spread over 100 apples, or 500/100 = $5 per apple.

     

    That IMO is wrong :D

     

    The Flow answer would be calculated like this:

     

    There is nothing to eat or drink on the island, just apples. Only one fool is willing to sell his one apple for some dollars.

    That's potentially $500 trying to buy 1 apple.

    Maybe $500 per apple (on sale) is closer to the answer ;)

     

    Why am I making this point?

     

    Of those who currently hold real physical allocated gold, how many are willing to sell?

    So what is the real supply?

    How much "money" might end up chasing that gold?

     

    Yes, ultimately, the only oz of gold for sale might be chased by all the "money" in existence!!!!

     

    So the maximum, theoretically, is quite high.

     

    Yes, in practice, if only 1oz of gold was for sale people would buy other things, but it is the basic concept I wanted to highlight.

     

     

    So an ounce is worth an ounce and an apple is worth an apple. :lol:

     

    Given the decline of the West, the current ability to swap (high purchasing power) fiat for gold is a once in a lifetime opportunity to magnify one's purchasing power perhaps tenfold - only a fool would take paper profits. However, most people have some kind of a plan for life - even though it rarely works as one might wish <_< and at some point, land or property will seem cheap enough for those who wish to buy to swap some gold for property. For others, there may come a point where it makes sense to invest in some real productive activity but my feeling is that we are some years from that.

  13. GREAT just bagged some more physical on the options expiry smackdown!!!!

     

    OH NO THERE I GO AGAIN CLAWING THE SKY!!!!!

     

    Bounced straight back up £10 after the pm fix. <_<

     

    Physical is drying up in Hockley THE LARGEST GOLD and JEWELLRY CENTRE IN THE UK .Dealers ringing around to try and fill sov orders are stuggling.

     

    GOT REAL GOLD YET :o

     

     

    Hmm, wonder why the surge in demand for physical now... <_<

     

    Must be a lot of bigots cautious people in the Midlands.

  14. I'll continue to hold some funds/ gold with BV. It's a very useful and convenient service.

     

    Don't forget the tin hat while on the internet people.

     

    reading_minds_signs_devices.jpg

     

     

    I see the tin-foil hat family at least have somewhere to live and some furniture to sit on - perhaps they were cautious with their savings... <_<

  15. Yes, and just as I'm pondering how to manage this shift, gold gets smacked down about $20, making me wonder whether I should have sold some of my BV stash this morning.

     

     

    Perhaps a number of BV clients closing their positions (having spotted the fox entering the hen-house) has caused the fall. If that is the case, expect to see some bottlenecks in physical in the next few weeks. Just a thought.

     

    Edit: by Googling 'Bullionvault Rothschilds', it is apparent that there is a lot of chatter on this subject on many Internet forums and there are a lot of spooked customers. BV customers are a lot more savvy about things than the general public and I would imagine there will be some considerable movement of funds.

  16. I am not surprised that you are one of those who oppose Rothschild's involvement, Schaublin, in view of this recent post of your's:-

     

     

    The future of Europeans (irrelevant what religion) in the US is in the balance. Jews already wield immense power in that country. Zionist Jews in the US dictate foreign policy for the benefit of Israel while Jew bankers control the money supply - as if that were not bad enough, through control of TV and films, the thinking of the people is being corrupted. The last pillar to fall will be the constitution - it is already crumbling.

     

    Before too long, the mostly brainwashed armed forces will be withdrawn from abroad and used to enforce a reign of terror at home. The excuse will be 'White Supremacists" planning a revolt or something similar. The horror of what may ensue can be imaganed by looking at the Bolshevik-Jew led revolution in 1917 - the most awful period of mass-murder and de-humanisation ever to have taken place in Human History.

     

    The Internet and access to free information may have upset their plans. The 911 event may have been plausibly executed before the Internet while controlled media reported on what happened but the 'chutzpa' of orchestrating such a thing in broad daylight and imagining that people would believe the 'official' version shows that (as ever) arrogance will be their undoing.

     

    Don't bother calling me an anti-Semite - as it happens, real Semitic Jews (sadly a small minority) are acutely aware of the great harm that Ashkenazi Jews (as a group) have done in the world.

     

     

    Yes, I do not want my modest stash used to finance evil doing in the future. Thanks for re-posting - it may make a few more readers question things.

  17. QUOTE (Schaublin @ Jun 21 2010, 06:54 PM) *

    Before I transferred funds to BV some years ago, I did enough research into the company to satisfy myself that it was a sound proposition with honourable people in control. Edit: Now that there is a new element involved, it would require me to do similar time consuming research - I prefer not to do so.

     

    :lol: how much more research do you need to do to figure out the Rothschilds are evil sh1ts!

     

     

     

    people who buy and hold gold shouldn't worry about a repeat of 2008.

     

    after all, in the year 2008 gold closed 3.4% higher in dollars and 44% higher in pounds.

     

     

     

    how many of the people withdrawing funds from BV due to Rothschild involvement are doing so because of the Rothschild's (alleged) religion.

     

    my guess is none.

     

     

    Yes, - I meant to say that I have already done my research on the new shareholders and urge others to do the same.

  18. That's possibly what it is: just a name.

     

    From another forum

     

     

    http://www.bullionbullscanada.com/?option=...style=f-smaller

     

    Augmentum Capital has only one client - Jacob Rothschild.

     

    The WGC is the front for GLD and deeply involved in paper gold?

     

    Do you think a Rothschild would be interested in merely taking a part-share of Bullionvault's meagre commission - or is it their $800,000,000 in physical gold that's drawn him?

     

    I've got a substantial holding in BV - I had considered them one of the safer custodians. Not any more - when the wheels come off, they'll go dark and the gold will be gone. Not a lot of point in sueing a Rothschild front company for "your" gold?

     

    Would you entrust your gold to anyone with those partners? Just goes to show how tight physical is getting when those with only 20 tons get taken over.

     

    Where's the best place to buy a bulk order of British Sovereigns?

  19. This letter, no doubt sent to many who expressed concern, indicates where the fears (& loathing?) of BV's clients lie? - Note the second para. opening :)

     

     

    Laura, everyone has to be responsible for themselves. We all have different models of the world - based on what we have been exposed to in life. A week ago, I was reasonably happy with the risk of owning gold at BV, now I am not.

     

    I know many on this board own gold at BV and do not want to be spooked in any way - well, it is up to every individual to do their own research and draw their own conclusions on whether the recent developments change the risk.

×
×
  • Create New...