InternationalRockSuperstar

I assume you mean in nominal terms. in real terms german wages sank to almost third world levels. so long as the interest rate on the debt is less than the nominal wage increases.

the fact that they ended up spending 99.7% of their income on just food and clothing makes it pretty f****** obvious that their wages didn't keep up with inflation.

so 99.7% just on food and clothes!

before or after the crack-up boom?

the last thing I'd do with my gold is give it to a bank!

if you don't want to lose then stop playing the commerce-game.

Hugh Hendry?

that didn't take long!

gilt auctions later this week. I expect it will have a similar effect on GBP as last week's treasury sales had on USD.

nice. here's a silver one: http://home.att.net/~desert-gold-diggers/gold/finds.htm

yes, it's black and white though, so you'll have to take their word that it's not just a big lump of grey sh1t!

give it a week or so edit: when's HMG's next debt auction then?

yeah thanx for that! iron running out in 2087. well I never. reminds me of that picture of the huge copper nugget Chris Martenson uses in his crash course to demonstrate resource depletion.

what were the first two?

>$15/oz.t f*** yeah!

I meant ratios of price, not quantity.

isn't the ratio between physically obtainable gold and physically obtainable silver already below 50?

do you think we'll see average UK houses go for 1000oz silver again, or do you think 1980 was an anomoly?

the 1933 Double Eagle of course http://en.wikipedia.org/wiki/1933_Double_Eagle $7.59 million for one coin. who said you needed 100oz to buy a house?

ta.

do you have any pre-1914 house price data? I've been googling for it, but no luck.

yes, I think 50oz or less for the average house, 100oz or less for a nice one. probably less because in previous recessions the rents have had an artificial bottom due to 'social/welfare' rent. this time round the gov't won't be able to afford this. house values will fall back to pre-welfare-state levels.

I think Injin hit the nail on the head: http://www.housepricecrash.co.uk/forum/ind...t=0&start=0

so not only is HSBC one of the three banks shorting the sh1t out of gold on the COMEX but HSBC is also the custodian of GLD! have I got that right? if I have, then that's seriously f***** up!