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romans holiday

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Everything posted by romans holiday

  1. romans holiday

    GOLD

    Oui! Leave goats out of it! My Billygoat would not be impressed to hear off goats and sacrifice in the same sentence.
  2. romans holiday

    GOLD

    Most often traders have different methods and time-frames. I could have taken a 50% profit on a leveraged silver ETF, but am more interested in the 1600% profit which might come by holding the position a little longer.
  3. romans holiday

    GOLD

    Puritan.
  4. Hi. No am trading AGQ, a leveraged silver ETF instead. A trade which is doing very well so far. I have a thread on that in the trading forum.

  5. romans holiday

    GOLD

    No, you have this quite wrong. You need to draw an significant distinction between gold bugs and gold bulls. I am presently a gold bull, and think gold is in a bull market. I do not think the "sky is the limit" as am not a hyper-inflationist, or a gold bug. I have been predicting for years that gold would steadily appreciate year on year at the rate of 20% odd. This prediction has been well-corroborated so far by the market. I don't not want to get something for nothing, but rather want to purchase property for a just price. At the moment property is wickedly over-inflated and has seen populations sell themselves into debt slavery. The reason for gold appreciating against all currencies, and doubly against assets, is that the market is recognizing it as an alternative currency. Do you read my posts?? Have to wonder when I get lumped in with the "gold cultists". I think my position is perfectly rational. OK, I retract my previous statement after reading this later post.
  6. romans holiday

    GOLD

    Here's your potential problem [and my prediction]. Say commodities stay volatile and choppy against the dollar over the next few years. And in turn gold continues to appreciate at 20% odd annually against the dollar as it has been doing. You'll tend to see gold getting very "over-valued" against commodities. Actually, what's happening is gold is appreciating, being monetized informally by the market. In a hyper-deflation, gold has to be the measure of value as national currencies slowly depreciate relative to it. This is no doubt due to the problematic nature of "balance-sheet" currencies today, where governments attempt to off-set a debt deflation.
  7. romans holiday

    GOLD

    My point was that if you are looking for gold to be "over-valued" against commodities then you are not thinking of gold as a currency.... that which does the valuing. Instead you see gold and commodities valuing each-other, and potentially in an on-going "see-saw" pattern. There is an important macro-economic point here that you are missing. Here's your quote here: The way I see it the error lies in thinking of it as another commodity, or asset... as a store of wealth instead of a store of value [one of the functions of a currency]. Nope. Core sit and hold in gold, trade silver/ dollar in order to hedge. As you must well know, I'm no gold bug. And critical of cultish thinking. But I am a fully paid up member of the fully hedged gold bull club.
  8. romans holiday

    GOLD

    There's a flaw in your argument here... no, the whole argument is flawed. You are still failing to think of gold as a currency. Rather than a thing which is priced, it could instead be what prices all things. Go on, be adventurous and take this Copernican leap of imagination.
  9. romans holiday

    GOLD

    Yes, cult-like modes of thinking proliferate because the Internet is by its nature shismatic. It is too easy to gravitate to one site with its one simple transparent idea. The message used to be about some kind of orthodoxy, whether rational or religious. But when the medium becomes the message, thinking is moulded by being wedded to it... the medium. Thought used to develop more flirtatiously and more independently, towards a more opaque reality. We are all heterodox today, and choose what we want to believe. The irony is that this together with the broadband tends to lead in practice to the narrowing of thought [which should be universal] to one particular wavelength - or what is worse a complete lobotomy altogether. I mean, just look at all the faces stuck in Facebook.
  10. romans holiday

    Trading Volatility, Ballasted by Gold

    Yep, I think 26 silver was definitely the bottom. Could now just be a long grind up. The difficulty I foresee is restraining myself from selling for a good profit when a more excellent profit could be realized by waiting for a good year or two.
  11. romans holiday

    GOLD

    http://www.forbes.com/sites/robertlenzner/2012/01/28/gold-is-the-hottest-currency-in-the-world/?partner=yahootix Gold Is The Hottest Currency In The World
  12. romans holiday

    SILVER

    Interesting chart and long term stats on silver here: http://www.silverseek.com/article/when-will-silver-reach-new-high
  13. romans holiday

    Trading Volatility, Ballasted by Gold

    Interesting chart and long term stats on silver here: http://www.silverseek.com/article/when-will-silver-reach-new-high
  14. romans holiday

    GOLD

    Yes, should be becoming obvious to all by now that the world is turning Japanese.... Zirp for years on end. A few had been arguing this from when the financial crisis first emerged.
  15. romans holiday

    SILVER

    Or could go to 70 odd before heading down again. If the metal swap arrangements still hold at goldmoney, will think about swapping the precious for the volatile.
  16. romans holiday

    SILVER

    Cheers. May take a year or so to break the high. If silver suddenly spiked to 50 sometime within the next few months I'd consider selling. Otherwise, will hold on for a couple of years for the spike to 100.... should we get it.
  17. romans holiday

    GOLD

    Taking on debt may not be such a good idea if farm prices deflate, markets dry up, and money becomes more scarce.
  18. romans holiday

    Trading Volatility, Ballasted by Gold

    Some signs that the bottom is in. An eight month rise followed on by an eight month consolidation:
  19. romans holiday

    SILVER

    So far, so good.
  20. romans holiday

    GOLD

    What d'ya know... gold back through 1650. 4th time lucky.
  21. romans holiday

    GOLD

    http://news.goldseek.com/GoldSeek/1325871758.php
  22. romans holiday

    GOLD

    Interesting to look at previous posts from years back. This from mid-2010. Think it fair to say the trend in gold was nailed.
  23. romans holiday

    GOLD

    Don't have chickens yet, but have a goat and a good sized vege garden. The Good Life, and not referring to the Barbara Kendall type, has to be a healthy mix of nature and culture, with "society" put firmly on the bottom rung. Hence I'll be "commuting" by camper between the small holding and the large city... week on week off sort of thing. A bit of tutoring, a lot of reading, a bit of writing then back to the peaceful countryside for a bit. With the camper, you can park up at specially disignated areas for a few days within walking distance of the mainstreet. Then again, I doubt it will be too difficult to park on an acquaintance's inner suburb lawn if I were to contribute a little to the power bill.
  24. romans holiday

    GOLD

    Yes, think all the correction could be in. There have been times when the precious metals have not moved inversely to the dollar. Could well see both metals and dollar moving up in tandem for a bit now.
  25. romans holiday

    GOLD

    Or versus someone with a life of leisure to maintain? I mean, trading has its stresses, and is a form of work as is motivated by making money. I reckon the eventual goal is to be able to say enough, transcend the money sphere altogether, and devote the rest of your life to a more worthy end. I mean, time is the most valuable commodity we have right?
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