Pluto

I just noticed how on HPC muppetland, they are posting pics of rockets, how ironic, that the gold thread moved but the rockets stayed.

Not too shabby.

The predictions for the UK housing market are getting more realistic recently. The newspapers have become lagging indicators to what is actually going on. Also, where did these fools arrive at 46%? Another figure plucked out of their backsides. Pluto's trough now revised from 50% to 70%. http://www.independent.co.uk/money/mortgag...et-1213432.html But how low could prices sink? It is from the City that the best answer may come. "The median prediction among traders is that from peak to trough we will see house prices fall 46 per cent. The height was reached in the third quarter 2007 when average UK house prices were around the £200,000 mark by 2010/2011. This is predicted to be £109,000," said Peter Sceats, director of real estate derivative broker Tradition Property.

Crummy old UK houses are on sale to those abroad. The other side of this coin is the foreigners who bought into the UK ponzi housing are 50% down. http://www.telegraph.co.uk/travel/travelne...-Euro-zone.html "Likewise French and Spanish buyers are finding the weakness of the pound, coupled with our falling property prices, has made buying a property in Britain up to 50 per cent cheaper than two years ago."

100z for a london 3 bedder in not so shitty areas coming your way soon. That is what I reckon - the price in pounds is really meaningless as the pound is unstable and is collapsing.

Welcome to the dark side. UK crummy property already down over 50% when bought in virtually any currencies apart from the terrible three. Icelandic Krone, Zimbabwe dollar, and British Pound. An elite club I might say.

+++GOLD CELEBRATES CHRISTMAS IN THE UK WITH ANOTHER ALL TIME HIGH +++ Pound is toast, this just reinforces it.

The pound is collapsing. It is having an Icelandic renaissance.

Hugh Hendry is going to lose his shirt on those war bonds. Deflation will not be tolerated.

Not too shabby today. Another all time high versus the pound. No surprise there. Those fools who STR'd and did not protect themselves will soon only to able to afford a big mac and fries.

Before COMEX defaults we're likely to see another major investment house go under. Don't buy on the COMEX defaulting play - not yet anyway.

Once upon a time a swiss bank account assured complete privacy. The fact that they did what the US federal government told them to do is the point you and many others are missing and the one I am trying to emphasize.

The Swiss will have no choice in the matter as UBS just found out when the US Federal Government came knocking on their door for information on US residents accounts. http://www.bloomberg.com/apps/news?pid=206...&refer=home Nov. 24 (Bloomberg) -- Wealthy U.S. clients of UBS AG are offering to settle their tax liabilities with the Internal Revenue Service before the Swiss bank’s possible disclosure of their names to government authorities, lawyers said. Clients fear a U.S. probe of whether UBS fostered tax evasion by 17,000 customers who the Justice Department said failed to report income to the IRS. Those coming forward include descendants of Holocaust survivors whose families opened accounts decades ago, hoping for a safe haven to stow their assets as they fled Europe, lawyers said. “We’re starting to get phone calls from U.S. citizens who say, ‘When these names get handed over, I’m in trouble,’” said Lawrence Horn, a defense attorney who said he represents several UBS clients. “People are nervous.”

The Swiss "safe haven" is only safe because the western world (or USA) says it is. The Swiss banks are the very LAST place I would have any of my assets when the crap starts to fly. We are about to go into unchartered waters; what worked before will probably no longer work in the future. Ultimately, having your gold close to you could also make it easier to separate from you by persons other than the government in ways which could be considerably less pleasant. At that stage we have far more pressing things to worry about than accumulated wealth.

They can do whatever they want as they are all in the same club. Keep your bullion safe and close by. All other "fools-gold" is someone else's promise to deliver. Exhibit 1: http://www.telegraph.co.uk/news/uknews/206...h-and-guns.html Exhibit 2: http://abcnews.go.com/TheLaw/FedCrimes/Sto...7897&page=1 Exhibit 3: http://www.americanchronicle.com/articles/25510

Please forward to 7:00. http://uk.youtube.com/watch?v=afb-vinRy3I&NR=1

More bullishness... http://www.telegraph.co.uk/finance/comment...d-unravels.html

Rhodium crash....Oh dear

Gold near breaking point http://seekingalpha.com/article/107450-gol...-breaking-point

Please play the whole clip. Bernanke specifically states they only ever discuss gold when central banks want to sell at 5:03. If you believe him I have an Island off the northern coast of France called UK I can sell you. Enjoy! http://uk.youtube.com/watch?v=NyAm4nzRoMU

Juniors need credit - no credit available. Their only hope is a buyout. Tread carefully miners are just like any other company - they all have the same problems.

The Comex warehouse, just like fort Knox, will soon be revealed for what it is - an empty shell. Sure right now you can get your bullion in large chunks from them, but that is only because very few folks actually collect on the paper. Once the masses smell a rat, like De Gaulle did in the late 60s, the comex will default. This will be a repeat of when Nixon closed the gold window in '71.

The whole market is imploding. Commercial real estate is going to implode next then US treasuries - which are returning almost ZERO. According to Bernanke's testimony gold is only discussed in their meetings when central bankers talk about selling. I think Bernanke is lying, and right now they are throwing everything and the kitchen sink at Gold to keep it down in the rigged paper markets. Paper markets will implode god willing and bullion will shoot to 2,000 USD or Sterling (you pick your poison) lickety split. Hold long and strong.

The barbarous relic, according to John Maynard Keynes, is not doing too shabby today.

Safe is what [you] determine as safe - not what someone else tells you. The financial world is collapsing and governments are rewriting the rule book daily. Leaving assets in foreign country is making the assumption that the crisis is local; but what if it is global? Have you tried to buy bullion recently? That should point in the right direction. Don't be caught with your pants down.