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FWIW

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Posts posted by FWIW

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    You get pro-gold as well as anti-gold commentators dismissing shortage claims... I have read though (I will have likely posted the article(s) up here somewhere) that records show the US mint has, in the past, been able to churn out a far higher number of coins then it's doing right now - so maybe it is a supply problem (or they've been told not to?) rather then processing delays.

     

     

    Maybe they are minting some other type of coins (Amero?!) to meet future demand for the new coins?....

     

    Does anyone else find it odd that there are no buffalos or eagles around?

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I have got a similar view to Ker from my pnf chart.

     

    If we break through 750, then we should go to 795 and if we are lucky then past that to 820.

     

    With all the uncertainty regarding US elections, etc, I think Gold will bounce around the 735 to 750 levels in the short term.

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Another good article:

    http://www.moneyandmarkets.com/important-c...r-outlook-27711

     

    Quote I like:

    This is why …

     

    We have been recommending

    that this is a time for several

    important steps:

     

    1. It’s a time to lay low. Invest much more selectively. Take less risk.

     

    2. It’s a time to build cash. If we’re right about deflation, cash will buy you great bargains as soon as the deflationary forces have exhausted themselves.

     

    3. It’s a time for income — ideally steady, recession-proof income.

     

    4. It’s a time to hedge. To the degree that you continue to hold special situations that we feel will buck the trend, hedge against the downside risk in this new environment with investments that are designed to go up while these markets are falling.

     

    5. It’s a time to look forward to the next major bargain-hunting opportunities. The more markets decline now, the better the bargains will be.

     

    6. It’s also a time to be patient. Don’t expect the declines to be over in a day or a week or even a month. It could be several months or more.

     

    One word of warning: When we do hit bottom, buying will require courage. Once we get down there, the negative commentary about the U.S. economy, gold and oil, India and Brazil, mining and agriculture … will be deafening; and the negative sentiment, downright depressing. To get to the other side and take full advantage of the new opportunities, you will need to walk calmly and resolutely across the aftermath of that bloody battlefield.

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Great article here: http://www.moneyweek.com/investments/why-t...Money%2BMorning

     

    Quote I like:

    The flaw with paper money is, it's portable, durable, homogeneous, and divisible... but it's not valuable. It's only paper. So there's always a temptation to print money out of thin air. And that's what always happens. Paper-money systems always end up collapsing.

     

    That's what's happening now. We're coming to the end of the largest paper-money experiment the world has ever seen. It may take a few years, but when it ends, whoever is in charge will implement a gold standard. Gold is the perfect foundation of a currency system. It's the only material we have that meets all five essential characteristics of money. It's the only available alternative.

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    The bottom may be at $300, or below. Who knows? Nobody on here can predict the future, and a lack of diversification on the basis that you clearly see the future is a question of faith and conviction rather than cold hard logic.

     

    Don't say that...I read my horoscope everyday and Mystic Meg does know the future!!!

     

    :P

     

     

     

     

     

     

     

    I think... :unsure:

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Great article here:

    http://www.theinternationalforecaster.com/...tion_Juggernaut

     

    Quote I like:

    Well, how 'bout that high-flyin' dollar? You might even believe that it was still the world's reserve currency, which it still is, in a de facto sort of way, given that all the other world fiat currencies are in even worse shape, aside from the Swiss franc. You are probably wondering what has propelled it to the 85 mark on the USDX? Many factors are involved, all the direct result of manipulation by the PPT and the cartel. But the irony is that the upward swing in the dollar is actually not the new beginning for a bull market rally in the dollar, but rather, this new push upward portends that the dollar is now singing its swan song. Most, if not all, of the events that are driving up the dollar are going to eventually take down our financial system, along with the entire world economy, and the dollar will go down with them, along with all other non-gold-backed currencies, with the exception possibly of the Swiss franc. Gold and silver will be headed for the Fifth Dimension when that happens.

  11. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Great post Andrew - my gold and silver is still there in my safe exactly as I left them - they care not how many peices of paper someone thinks they are worth. They are my insurance policy when our Govt goes to the IMF for another handout...

     

    When gold/silver goes down further, I will be moving into gold money and gambling with my fiat there. If I do well, then I will get it in physical form.

     

    Goldbugs - please do not think i have turned to dark side and start hating me. Hate the game, not the player...

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Looks like she is still going down...

    I am looking at support levels at 700, 685 and 680...

     

    If any consolation, by getting to 680 level then that would be the greatest number of down days (height of o's) on my pnf chart. Hopefully, after a few sideway days she will be like an elastic band it will shoot back up again!

     

    Good luck all.

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Candy floss money:

    http://www.ft.com/cms/s/0/d2a9e446-9f75-11...0077b07658.html

     

    Quote:

    Gillian Tett of the FT coined the phrase “candy floss money”. Financial technology spun available “real” money into an exaggerated bubble that, like its fairground equivalent, collapses ultimately. The emerging market reserves system is another dimension of this candy floss money.

     

    The perceived abundance of liquidity was, in reality, merely an illusion created by high levels of debt and leverage as well as the structure of global capital flows. As the financial system de-leverages, it is becoming clear, unsurprisingly, that available capital is more limited than previously estimated.

     

     

     

     

    Cash is still king!

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    So this deleveraging thingy, how come its only good for the dollar? Did no one leverage in GBP, EUR or JPY?

     

    When you own the USD fiat money pump (aka Head Office), you get special treatment from the branch offices...

     

    1 - Borrowed money in JPY, 2 - Bought stuff priced in USD (aka reserve currency), 3 - Repeat 1 & 2 while feeling lucky, 4 - luck runs out, now selling everything in USD...USD getting stronger...everything else getting weaker...everybody will be poorer...

     

    Ohh - fogot to say not EVERYBODY will be poorer - those with connections to families that have their hand on the fiat money pump will be ok...

     

    so 99% of us without silver spoons in our mouths are f**ed...

     

    sorry - don't know what else to say...

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    guys, just got this reply from CID:

     

    "Thank you for your email and for confirming your payment. As soon as we acknowledge your payment at our bank account we will send you an automatic email confirming it.Normally we are able to ship our customers' orders within the following 48h.Unfortunately, due to some delays from one of our suppliers the 3 x 1oz Maple Leaf you ordered will only be available by early to mid November. Therefore your order will only be shipped by then. Please be assured your order is being followed, the stock is reserved for you and will be shipped as soon as we have the coins available at our warehouse. We apologise for any inconvenience this situation may cause. Should you have any further queries please feel free to contact us at anytime. Kind regards,Your CoinInvestDirect Team Sara Espírito Santo"

     

    I have made a chaps transfer earlier & am very unhappy about this. What can I do in this situation ?

    Also, is that person's name a windup ? :unsure:

     

    No Sara is a real person! Hi Sara!!!

     

    Unfortunate about the delay, but what can you do? Just think of them being securely stored for you...they will turn up eventually.

     

    If you want some immediate gratification give ATS a bell and see what they have in stock for collection and the price. It might make you feel better...

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