Pluto

This was taped 6 months ago: http://www.youtube.com/watch?v=NuTeZ9XlgyE

The credit crunch really doesn't begin to describe the problems facing the world banking system. As the telegraph clearly states the credit crunch is entering a new phase listing the usual "turds" of the banking industry: UBS, Barclays, Royal Bank of Scotland, Fortis and HBOS. Of course they are delaying marking to market their assets as this will show everyone that this is indeed a solvency problem crisis as well as a liquidity one. Fatty Brown needs to make arrangements to Nationalize the whole UK banking sector - alla Northern Rock. http://www.telegraph.co.uk/money/main.jhtm.../cnbanks109.xml "There's a definite shift in belief that the uncertainty in the markets over the value of these assets can't go on. A new phase in the crisis is starting in which facing the reality that these assets are not going to recover in price - but there's resistance because it could be even more painful."

Think of physical as an insurance policy that can be transferred to your heirs if you don't cash it in, as apposed to an outright investment. I hope I don't need to cash mine in, but if I do I am prepared.

If you are going to start a numismatic / bullion collection then mix-up your selection, maples, kruggers, pandas, brittanias, etc. However, if you are buying purely as an monetary investment stick with bullion with the tightest buy/sell ratios to spot - and that is probably Kruggers. I know the sovs and britannias are exempted from tax, but the spread is wider as well. Also, Kruggers are probably the coin that the most recognizable worldwide and always are easier to sell. The same goes for silver. Silver rounds are close to spot, but the silver pandas and brittanias are the best looking and collectible.

They talk of moving from pounds to euros to dollars to pound then swiss francs. They are going to make some FX firm very rich.

Second bank failure in the US this year. These are going rise exponentially and cause panic to investors in other banks. http://www.businessweek.com/ap/financialnews/D8V8TE181.htm The FDIC is planning to beef up its staff -- including temporarily hiring up to 25 retired FDIC employees who worked in the agency's more than 200-person division that handles failed banks -- to handle an anticipated increase in bank failures.

They don't want to talk about Gold because it tears their deflationary argument to shreds. The deflationists believe their money is going up in value and thereby is an additional justification for STRing. What they fail to accept is houses are going down when measured in paper fiat, but collapsing when priced in Gold. The subject of Gold is relevant as it exposes inflation for what it really is: the expansion of the money supply. The subject of Gold on HPC has become personal with moderators and webmaster, it's a shame because the losers are folks who view the website who can also ignore the thread if they so wish, just like I ignore the thread on peak oil and many others.

The silver in the ETF: SLV is owned by Barclays. That is all you really need to know. Use EFTs as short term trading vehicles, and keep your main stash in physical. I am a physical kinda guy. http://www.youtube.com/watch?v=VQXECBdPgEA

Systematic margin calls claim JPM. Another red alarm going off yesterday - commodities are now the only safe haven. NEW YORK (Reuters) - Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co (JPM.N), said in a report late on Friday. http://news.yahoo.com/s/nm/20080308/bs_nm/...losses_jpm_dc_1

Please take the time to review this TV clip of Peter Schiff on Fox Business news. About half way through Peter warns them on the demise of the dollar and everyone starts to laugh like a pack of hyenas. The bearers of truth are being ridiculed in the media. http://www.europac.net/Schiff-FBN-3-04-08_lg.asp

Some trivia for all you metal heads, and I don't mean the musical kind. $50,000 invested in Rhodium in 2003 would see you investment standing today at a cool $1,000,000. Not too shabby is it? http://www.kitco.com/charts/rhodium.html Rhodium is a silver-white metallic element, is highly resistant to corrosion, and is extremely reflective. It is used as a finish for jewelry, mirrors, and search lights. It is also used in electric connections and is alloyed with platinum for aircraft turbine engines. Another use is manufacturing of nitric acid and used in hydrogenation of organic compounds. Rhodium usage is dominated by autocatalyst applications where it is used together with platinum and palladium to control exhaust emissions

Just when you think the DOW is doing to descend into the abyss, the hand of God comes along to give HIS helping hand (aka the PPT). It is becoming a weekly Friday event now.

The market wants to crash. There is not much propping it up anymore. Goodbye DOW it was nice knowing ya!

Do they trade on any US exchange?

The US jobs report in 25 mins is going to be huge. Any downer and the market is going to tank hard. Gold = $1,000 could happen today. Brace yourselves...

Bubb, is there anyway of playing the HK property market from the US?

The same is true on CNBC. Let me see now, all the green arrows are commodities and currencies and everything else are red arrows pointing down. Hmmm... but wait the talking heads and their guests (paid shills) are herding the masses into Google, Apple, Cisco, and of course the financials that are a screaming buy. I have come the conclusion the Americans are just going to be poor and there is nothing they are prepared to do about it. They had a great chance this year with Ron Paul - but of course the media machine run by the elite herded them all into the Hillary, Obama, and McInsane pens.

Obviously mathematics, and specifically statistical analysis was not part of the curricula at moderator school.

Bad payrolls report (US) in two hours are we're going over a 1,000.

I know why, you're smelly old sock the moderator, go on, admit it.

The heat is being turned up. Hedge fund investors are finding out their lolly is gone and the hedge fund itself is going poof! http://www.guardian.co.uk/feedarticle?id=7363891 Amid the grim news, investors dumped mortgage securities and even stocks. The fears also led to weakness in corporate debt as money switched into safe-haven U.S. government bonds for fear of holding onto anything that might be contaminated by credit risk. That wouldn't happen to be dollars would it?

I just saw this posted on HPC by a regular: "ok we all know gold is different and it got moved, however when compared with an asset such as a house it was very very important to compare the two. why ? gold has over 3000 years been a store of wealth whereas fiat money has lost 98% of t's value in the last century and therefore cannot be judged as an accurate valauation of property. SO we need to keep a perspective of the Gold:Property ratio and value housing against gold in the general forum. Moderators trying to remove the connection based on a limited lifetime of 45 years as adults should be ashamed. . it is a sad day that moderators in thier ignorance make arbitory decisions to remove something just because it is labelled GOLD rather than PROPERTY. Unless gold is restored in the next 24 hours to the General form I'm afraid it is another member lost." They want to stop posters talking about Gold but they can't.

BBC and the UN preparing the masses for poverty: http://news.bbc.co.uk/2/hi/in_depth/7281686.stm

In the 70s Gold went from $35 to $850 (22 times) If we use the same example $250 X 22 = $5,500.