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nicejim

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Everything posted by nicejim

  1. They've got £8bn of taxpayer money to throw at something "environmental" and chose the last effective carbon saving measure possible. They'd do better by cutting VAT on energy saving lightbulbs and loft insulation (assuming they haven't already). Anyway, for those whose jobs allow them to afford solar panels, or whose unemployment allows them to get one for free, there is a tax-free 5-8% index-linked ROI available. And if you know a good sparky, you can apparently join the incoming and outgoing wires, thereby turning 7p into 44p for every KWh you buy. http://www.guardian.co.uk/commentisfree/20...-feed-in-tariff I wonder what they'll pay me to hook up my exercise bike to the grid...
  2. nicejim

    GOLD

    Are you saying that your view of gold changes the way you expect people to behave?
  3. nicejim

    GOLD

    Because I'd have expressed that sentiment as "expected behaviour, has important consequences in terms of defining gold as a) money or a commodity or c) something else entirely."
  4. nicejim

    GOLD

    I think it's the other way round. You can't define gold as money and expect people to change their behaviour. You can only define it as money if you expect people to behave as if it is money.
  5. nicejim

    GOLD

    $0 in the London vault just now.
  6. nicejim

    GOLD

    "Gold, unlike many other commodities is not consumed, and therefore the traditional models and theories of supply and demand simply do not apply!" Ditto houses!
  7. nicejim

    GOLD

    "The supply of scrap gold...has remained surprisingly slow" http://www.ft.com/cms/s/0/16f72c6c-c73d-11...144feab49a.html
  8. nicejim

    GOLD

    Compare and contrast with Bob Moriarty, who thinks Spanish nimbyists should not be allowed to prevent Bob Moriarty making a fortune whilst providing a few jobs for the locals. He'll be on a golf course far from the destruction by the time the acid mine drainage starts. http://www.321gold.com/editorials/moriarty...arty092210.html
  9. nicejim

    GOLD

    Except he's not turning paper into gold. He's converting one method of payment deferral (debt) into another (gold).
  10. nicejim

    SILVER

    I'm troubled by comparisons with the gold spike as well as the silver one. Unless gold is spiking at the moment, which I think is unlikely, you could ignore the 1980 spike, take the high to be about $550 and then compare silver with no spike. Gold now: 1290 Gold then: 550 Silver now: 21 Silver then: 10-15 ish, maybe So gold is a higher multiple of its old "high" than silver is.
  11. nicejim

    GOLD

    MasterCard Worldwide is a leading global payments solutions company that provides a family of well-known, widely-accepted payment card brands including MasterCard®, Maestro® and Cirrus® and serves consumers, financial institutions, and businesses in over 210 countries and territories worldwide. Credit is money!
  12. nicejim

    GOLD

    I know from experience. "If you use it, you are trading directly with BV" Not true. They do have bots trading for them, but not all trades are with the bots. "they don't tell you this" Not true. I was aware of this before using their system. "they basically rape you" Not true. I checked a few contracts to see whether the "P" was displayed prominently. It is. But also, there were orders which were matched partly by BV and partly by other BV users, and plenty of orders were matched below the price I bid. I can't say for sure whether I got the best possible price but if I paid less than I was willing to pay then I have no reason to complain. My usual technique was (I've not bought any in a while now) to put in a cheeky bid below all the listed offers, for a small amount of gold, and it was often immediately filled at or below that by BV.
  13. nicejim

    GOLD

    I know, but it's not a good idea to write or repeat things which are not true, especially considering BV have had to come here in the past to put things straight.
  14. nicejim

    GOLD

    I've sometimes got better than the best price available and when I've traded directly with BV there is a "p" on the contract to show this. I remember that they stated in their T&C that they sometimes take the other side of the trade. I've sometimes been charged less than I've offered but never more. I don't know how the word "rape" can be used to describe this.
  15. nicejim

    GOLD

    Hyperinflation is only a tiny part of the hyperinflationary scenario, so it's harsh to criticise on this detail. When the Pope arrives in the UK and they change the currency, THEN you'll get it.
  16. nicejim

    GOLD

    +1 but... For question 1 it depends on what you mean by a Dollar. For example, you might say you can't buy gold with French Francs but an old French banknote or coin still has retail value. Are those still Francs? I have a 26.73 gram coin which is 90% silver and the writing on it tells me it is a United States Dollar. I guess I'll always be able to swap it for gold, but is it a Dollar...or is it $16.04?. So, "Which of these two questions is easier to answer?" Err...neither
  17. nicejim

    GOLD

    Fake sovereign pictures from Chards. Maybe they're easier to spot "in the flesh"... http://www.goldsovereigns.co.uk/fakes.html
  18. nicejim

    GOLD

    99 years 364 days just wouldn't be enough.
  19. nicejim

    GOLD

    $1268.70 now on Kitco :-)
  20. nicejim

    GOLD

    Picking up dimes in front of a steamroller with a large weight tied to his ankle...for 1000 months (plus interest, plus costs). Small fluctuations around the mean... http://home.earthlink.net/~intelligentbear/com-dow-au.htm
  21. nicejim

    SILVER

    1.5% in 2 hours, G/S below 62... ...it's a bit quiet in here...
  22. nicejim

    GOLD

    Jim Rickards here uses something akin to Jim Sinclair's "External debt equilibrium model" to arrive at a price of gold ($39,000) and demonstrate the exorbitant privilege it has enjoyed by being able to print the global currency. http://kingworldnews.com/kingworldnews/KWN..._New_Opium.html If they spent more than half their savings (from 20,000 tonnes of gold down to 9,000) between 1950 and 1970 then what is the likelihood that they reduced their savings only to zero in the subsequent 40 years? Neither Rickards nor Sinclair assume that the US should end up owing gold, in fact Rickards leaves it with nearly 3 times what China has (though if you repeat the example with other debtor and creditor nations it may get down to zero). If leaving the people of the USA with zero gold would represent a large gift then perhaps it could be explained to them that this solution is a good one (it would kill loads of government debt) and would leave them having enjoyed the fruits of the world's labour for 40 years at a knock down rate and with no comeuppance. On the other hand, maybe that's too hard a sell. But getting rid of the debt would likely benefit both the Chinese and the Americans in the long run and we know which country in the world is most focused on the long run. If it's true that "there is nothing in the world which China lacks" and they can shift enough of their workers away from US export-derived occupations (to cut down on the inevitable social strife) then they could raise the Beijing Put to $20,000 and make out like bandits.
  23. nicejim

    GOLD

    I like that term, "Great Correction". It's the best I've seen so far to describe the "event" we're living through.
  24. nicejim

    GOLD

    You might prefer something like this then, but wouldn't it be confuse people if Roubini started talking about the gold price of the dollar? The fact that people listen to him both means and stems from his language being framed in terms they are familiar with. http://www.nysun.com/editorials/the-gold-audit/87065/
  25. nicejim

    SILVER

    I'm not sure about that, but I did find this http://petitions.number10.gov.uk/SilverVAT/ "We the undersigned petition the Prime Minister to Abolish VAT on Silver Coins and Bullion to bring equality with the No-VAT position on Gold" Deadline to sign up by: 03 June 2010 – Signatures: 27 Boy, has silver NOT gone mainstream!
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