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romans holiday

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Everything posted by romans holiday

  1. romans holiday

    GOLD

    Yep... it is starting. As inflation psychology increasingly weighs on the minds of savers/ investors they will turn to the monetary metals. It is like a see saw. Now people have confidence in paper money, so they are all on the paper side. As they lose this confidence they will go to the metals side. It will take a while for enough people to move to see an effect, but at a critical moment it will swing very quickly. The scene is set for gold to take off. All that is required is for inflation psychology to play itself out.
  2. romans holiday

    GOLD

    Yep, not doubting the efficacy of gold. I am starting to think that the hyper-inflationary scenario might actually play itself out. If that does happen, thinking in dollar terms is irrelevant. Also, I imagine that money [gold or commodities] will become very scarce. Anyone with access to money could be very well of. Forget about that dirty paper stuff.
  3. romans holiday

    GOLD

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  4. romans holiday

    GOLD

    Sounds good now, but not impressed. What would $5000 actually be worth in few years time? Perhaps a $1000 in present terms? If inflation psychology takes hold, money will become less valued as gold becomes more valued. If we adjust for inflation, the $5000 figure in a few years time should be... say.... $20,000? Now maybe that sounds good. It is hard for us to kick the habit of thinking in present dollar terms. Any thoughts?
  5. romans holiday

    Australia vs UK -- should I move?

    Great sailing culture in both Aussie and NZ.
  6. romans holiday

    Australia vs UK -- should I move?

    I am a kiwi living in Korea at the moment. Have kept up with things back there, and yes, like all Anglo countries, the housing market is starting to fall over. Not many have savings and most are in debt up to their eyeballs. I suspect if I survey was done on how all those giant flat screen TVs were paid for, 90% would have MEWed for them. It is like dominoes really; first the US, then UK, then Aussie and NZ. Like most on this thread I think NZ and Australia may be able to weather the brewing economic storm a little better in sofar as we are commodity currencies. I certainly do not want to suggest the down under countries will have a walk in the park - rather there will be a lot of economic pain, with a lot of wealth wiped out - but that NZ may be able to fall back to and pick itself up again by relying on its commodity exports.
  7. romans holiday

    GOLD

    China raising gasoline and diesel prices?
  8. romans holiday

    GOLD

    ditto But I aint sellin nothin cos cash is looking too fishy these days.
  9. romans holiday

    GOLD

    Looks like oil has gone up with it.... or gold has followed oil. Just imagine where gold goes if oil takes off.
  10. romans holiday

    GOLD

    Gold through 900. Reckon it will not go far and back to 890. Hope so anyway, cos want to buy more.
  11. romans holiday

    GOLD

    T
  12. romans holiday

    GOLD

    I am thinking the wildcard of globalization is going to play a central role in how this inflationary period pans out. I fear that rather than seeing the bogeyman of a real wage/price spiral this time round, we may only see nominal wage rises with real price increases and a real decline in the standard of living. Imported inflation.
  13. romans holiday

    GOLD

    Yep, A broke banker looking for cash.
  14. romans holiday

    GOLD

    Peter Schiff, who is into Perth Mint, addressed this issue a few weeks back. You can check his weekly radio podcasts here. http://www.europac.net/radioshow.asp
  15. romans holiday

    GOLD

    Loaded and locked.
  16. romans holiday

    GOLD

    My thinking is just sidewise, albeit volatile, for the summer, if not year. Anyway, I am hoping as want to buy more during that period I do not think the dollar will give up without a fight.
  17. romans holiday

    GOLD

    Oil taking off. Threatening the all time high. Up four bucks! Euro up to 1.55ish!.... Reversing all those whoopee dollar gains this week.
  18. romans holiday

    GOLD

    Ha Ha... thats cool.. the more the merrier..... Thanks for the information. Even though I want physical maybe it is unpractical for silver, and something like Goldmoney would be best. Not so for Gold itself, have to have my precious with me at all times. I am really looking forward to buying some coins. In Korea, I have only been able to buy bullion bars.
  19. romans holiday

    GOLD

    Thanks Sylvester, Being a transient [working in Korea], I was thinking of just using a safe-deposit box. Less than ideal I know. I am more worried about being left out of the silver market which I think will do well. Also, like the look of those silver ferns.
  20. romans holiday

    GOLD

    Hi Steve Netwriter, I see you are a fellow kiwi! I am heading to NZ soon to stock up on silver and gold. Was thinking of using the New Zealand mint. Any suggestions?
  21. romans holiday

    GOLD

    Phew... just got through reading this post. Was exhausting but worth the effort. I am new to this site though have been familiar with HPC for some time. I am considering asking the moderators there to re-name it to something like G8 crash, in order to re-invigorate it, but I suspect that will not go down well. Such issues seem to be freely discussed here. To add to the conversation, I noticed a couple of pages back gold being compared to oil, dollars etc, with predictions were it could possibly go. I finally got round to reading Peter Schiffs book "Crash Proof" and was impressed with his use of the DOW/Gold ratio of the last century. After each boom in financial assets and with each bust [with each one going progressively higher than the previous] the ratio of the Dow to gold has returned to 1:1. I think most here would agree that gold priced in dollars is irrelevant if it is in terminal decline. The Dow is now I think half way down from its peak against gold in 2002. Where it was at 44 to 1, it is now somewhere around 14 to 1. This is the ratio to follow I think. If the Dow stays around where it is, we have around $12,000 for Gold. Perhaps the Dow will drop to 5000. Then again, The Dow could possibly go to 36000 if we had a chronic/ hyperflationary outbreak. I think the point is we need to really break our habit with dollar pricing things. This involves a paradigm shift, which most here have already evidently made. Some commentators refer to a paradigm shift in the world, which really means to say the world has changed. I think this word is more aptly used in referring to our own "world view". The volatility of currencies, commodities and the general price of things will confuse the hell out of people in the next few years, that is, if things unfold as I think they will. People will continue to be confused; tossed by this wave and blown by that wind, in so far as they are stuck in the old paradigm of the dollar. I believe the Dow/gold ratio will provide an effective compass when navigating the financial storm to come.
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