Jake
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To be fair, from what I've read of his posts, Jake is no fan of the UK (TBH I don't think I've ever seen him say a good thing about it
).How about this then?
You obviously haven't read many of my posts. Disillusioned idealist re England is probably the best analysis.
Here you go:
JERUSALEM (from 'Milton')
by: William Blake (1757-1827)
ND did those feet in ancient time
Walk upon England's mountains green?
And was the holy Lamb of God
On England's pleasant pastures seen?
And did the Countenance Divine
Shine forth upon our clouded hills?
And was Jerusalem builded here
Among these dark Satanic Mills?
Bring me my bow of burning gold!
Bring me my arrows of desire!
Bring me my spear! O clouds, unfold!
Bring me my chariot of fire!
I will not cease from mental fight,
Nor shall my sword sleep in my hand,
Till we have built Jerusalem
In England's green and pleasant land.
You said ''I got slated here once for suggesting things were nowhere near as bad today as they were in the 70's, but I'll say it again, they're not, not by a long way.
It was horrific back then, the country was ripping itself apart - IMF bailouts, open battles on the streets (with hard working family men, not just ar**hole kids like now), electrical blackouts all the time, 3 day weeks, unions Vs state etc, hell there was nearly a coup! - and practically everyone went into that crisis period relatively poor.
Yes of course there were different problems and causes of those problems, but the effects were worse than we are seeing now and the country pulled out of it then, and it will come through this now.
It will take time, but it's been a hell of a boom and the vast majority are still way way better off now than equivalent families were 40 (even 20) years back.
There are also positives coming out at the moment, the public is paying down debt, slowly, but surely, inflation is falling and the number of people working is increasing even as the public sector is laying of 100's of thousands (although to be fair it's anyone’s guess as to how long that continues) and house prices are becoming more affordable in most of the country. ''
The difference with the 70's and now, as you said, is that we 'pulled ourselves out if it', well with the help of some cheap reliable oil we did. Those days are over-at least in the future they are. The country is now loaded to the teeth with debt-but so is the rest of the Western world-and the future looks...a bit grim to say the least. The public is scrambling to pay down debt and tat will hit the economy badly. Affordability, hmmm. Families are not better off than 40/20 years ago. But we feel we are, with all our toys purchased with credit.
I would save your optimism for a few years. And I'll save my pessimism.
Still this has been a good year for the UK. Wedding, Jubilee and the Olympics-personally I'm milking it for all it is worth. But really the UK is a patient waiting to shit their pants... Which is a shame, but there we go. It's the same here tbh. What can you do but
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I like DB but this song is apalling. Spose he should have gone long ago...
Also I imagine the uk will be worse than America. Uk property is to the uk what the Dow is to the USA. There's nothing else... Which is why well STOPat nothing to save the property mkt.
Ch ch ch changes
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No one was killed. He was not banned.
The only thing that happened was a thread was moved from one section to another for two weeks or so.
That's hardly a "night of long knives" - more like a tea break.
I, too, regret not having him around these days. I will bet an ounce of gold that he'll never grace these boards again.
Some 'tea break'. He was shown the door and walked right through it. After he left their were murmerings of jubilation that the 'circus' had gone.
Just as well gold has gone sideways since.
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Like several others, he was moved from Moderator to Member
The others are still posting here.
Ah, yes...Kristallnacht.
Nevermind. I am sure he is alive and well.
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Like several others, he was moved from Moderator to Member
The others are still posting here.
Ah, yes...Kristal Nacht.
Nevermind. I am sure he is alive and well.
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Goldfinger bows out of precious metals
Speak of which, I wonder where "our own" GF is these days ?
Didn't somebody chase him away??
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'Urban mining' of precious metals now a rich prospect: study
PARIS — "Deposits" of gold in electronic waste are around 50 times richer than ore mined from the ground, according to figures put forward by recycling experts on Friday.
More than 320 tonnes of gold, worth more than $16 billion (13 billion euros), and 7,500 tonnes of silver, worth $5 billion, are used annually in electronic products, the report by the United Nations University and the Global e-Sustainability Initiative (GeSI) said.
It suggested there are around 200 grammes (seven ounces) of gold in a tonne of circuit boards and 300 grammes (10.5 ounces) in a tonne of cellphones, compared with 5 grammes (0.17 ounces) in a tonne of ore.
That may be right. But it costs a fortune to seperate the wheat from the chaff...unless the price of gold and silver rise to make it worthwhile...or the technology improves re extraction.
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Not at all.
I don't know much about the gold market (except it seems actually quite small and very easily manipulated) so I don't comment on it, but I do have a small amount (just in case
).Typical answer I have grown accustomed from you... A profession of seeming innocence, followed by an acid drop of insinuation. And then a bit of track covering/wriggle room. As I thought, you do protest too often.
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Wondering here if you are buying gold for less than the best reasons.
What are the "best reasons"for buying gold, I wonder?
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I just wish they'd revalue gold to C20,000 ASAP and we'd be off to the races again.
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Indeed we do.
But wow, I've always liked Home.co.uk for their realistic assesment of the market in the UK (usually quite bearish) but I've never seen them talk like this before!
JD, you ever so conveniently forgot to copy the last line of that article. Allow me to add it:
On the other hand, perhaps Gold is set to surge even higher as the financial catastrophe in the Euro-zone unfolds. Only time will tell...
''In fact, over the last 5 years gold has tripled in value compared to the average UK home asking price. A traditional investment in times of financial uncertainty, for many investors Gold has acted as a useful hedge against the corrosive effects of both inflation and asset price deflation.
However, the recent trend since September 2011 suggests that the pendulum could be swinging back in the opposite direction. Since September 2011, home prices have gained 15% vs. Gold. Should this trend continue,(
) we could be witnessing the start of a considerable turnaround in the property investment sector.( :lol: ) Investors are still enthusiastic about UK property and the principle reason must be that, unlike Gold, property offers a return on capital in the form of rent. ( And Gold offers a return OF capital in the form of purchasing power). -
Perhaps they should move to Shoreditch?
I didn't know what to make of this, tbh. Always used to be a little dump, but now revved up with cocktails and awful accents and piff poor poetry. Still worth a look. Might be fab for all I know. Am I missing the UK at all? Or anything on offer?
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Whatever you want to consider "real money", I have different definitions of it pigeon-holded and stored
for uncertain times, and will not miss out if gold or silver prices soar
...so all the old gold bulls can come back to pasture?
It's a damn shame they are not here, imho. Better than all of hall lights posts altogether was pix or warpig or gf or...or...or...
It was a serious question though. I wonder what Prechter means when he says 'real money'. He once said on Dom's interview a few years back that 'gold was the only real money'. I still think he rues the last 10 years bull in gold whilst advising against it. Costly. And the irony is that he could have ridden it spectacularly, sold at 1900 and bought greenbacks. Then wait for the multi year collapse a la deflation, then sweep up the bullion, hand over fist.
Anyway...
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Jeff Christian thinks Gold may be headed down into summer ($1480-1500)
And Robert Prechter thinks that even though gold is beginning a 'multi year correction' (and silver down to single digits) he still recommends a core holding of gold. Funny old world...
Why do you recommend a core holding of gold and how can I purchase and store it?Responder: Bob Prechter Date: 5/11/2012
The following is excerpted from the 2nd edition of Conquer the Crash, Appendix A (you can read the full recommendation on pages 273-276 in Conquer the Crash:
I have run into many people who think their money is safe because it is in bank CDs, corporate bonds, municipal bonds, money-market funds, etc. But most of these investments depend upon the solvency of some creditor institution that will probably not survive the developing depression. Conquer the Crash readers should continue to hold most of their liquid wealth in Treasury bills, greenback cash, short term debt of Switzerland, Singapore and New Zealand (see www.stablecurrencyindex.com) and some gold, ideally held in safe depositories such as those identified by SafeWealth Ltd., based in Switzerland.
When the crisis reaches an extreme, people may rediscover the values of using gold as money and give up on the idea of central banking. I want to be among the advance guard of the new monetary era by owning accounts denominated in real money, not the “IOU nothings” offered by banks worldwide under the fiat-enforced, debt-based, money-substitute system. Remember, a bank is a loan-brokering institution that in most cases has handed out, in exchange for promises to pay interest, your money to home buyers, car buyers, property developers, credit card borrowers and other such debtors. If you deposited all your money in a bank and it goes under because its debtors can’t pay, you won’t have the money to buy food, pay for heat or fill up your car’s gas tank. But if you have real money in a vault, you will always have purchasing power.
EWI Special Offer: Receive 6 Months FREE Storage from GoldMoney
Bob has included several recommended services in the Elliott Wave Theorist and in the 2nd edition of Conquer the Crash. Among them is well-known gold analyst and dealer Jim Turk's firm, GoldMoney. You can open a GoldMoney Holding and electronically transfer one of nine major currencies into the account. You can then purchase gold and arrange for safe storage in vaults in London, Zurich and Hong Kong. Your tangible deposits are insured by Lloyd's of London and external auditors ensure that the company never lends your metal to third parties.
If you own (or plan to own) precious metals, you should look into opening a GoldMoney Holding. GoldMoney is extending a special offer to EWI followers. When you make a purchase from GoldMoney, you will receive 6 FREE months of storage.
I wonder what his definition of 'real money' really is? Gold or Greenbacks or both? -
Historical Reality is against the purists arguments... so far, at least
LOL.
Do you think so, Chris Ct?
If I have taken my 4X profit and tucked it into good shares and physicals,
I will be laughing all the way to the bank!*
Three previous times I have made these 3X to 4X bets, and each time they have worked out.
Meantime, those betting on physicals have riden Gold up and down.
(The interest earned on A$ would have bridged the gap to Gold's apparent advantage.)
And they might have done nearly as well buying A$ in 2008. And they would have done better buying any number of good shares like Apple.
So far, the price risk inherent in B&H has been enormously greater than any risk in using derivatives. And I have used to derivatives to effectively hedge. So I am laughing already.
*BTW,
I do hold shares in MNT, which is far better far me than physical Gold, and is exchangable into Physical Gold
I think you miss a point when you reply to B&H's. 'Your' money is just winnings from the roulette table. Others is money earned by adding a little value to the world (no doubt you won't agree but nevermind). They can't afford to risk it. Yes you have oodles more to play around with. But you don't have a safe home or a family to think about. B&H's dont want Apple or Adollars FFS. To them that is just papier mache. They want to slay Mammon. You can't help but worship. Sorry.
Your whole take on/treatment of B&H's is misguided and immature. And you should know better, imho.
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"Gold is the trade of the weary"
'In 1996'
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I am collecting those discussions in one place, and prefer it be somewhere for Members only,
so as not to distract others.
I hope you appreciate that this is a very different approach than on HPC where the Mods quickly bann anyone who complains or raises questions.
Indeed. This is what made GEI so good. Free speech. Dont bury that like your home country has done/is doing.
'So as not to distract others' is a euphemism, is it not?
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I would be happy to continue this discussion on the Old thread - but not here, SVP
why?
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... I am sad.
Ah well,
Vincent van Gogh's The Cafe Terrace on the Place du Forum stands as one of the painter's most remarkable works. It is also, without question, one of the most famous produced in Van Gogh's brief but prolific career.
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== post copied to Old Gold thread ==
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I don't agree with that.
There are many people here who think "the purists" are unbalanced. Not just RH.
But few of them are interested enough, to join the fray on the Gold thread, but you can see them posting elsewhere.
In the end, it is my site, and I have to stand up for the balance and the free-discussion that I believe in.
Without mentioning names, I can think of two or three posters who were very aggressively Anti-Trader, and they have now left some time ago, do you really think the site has suffered as all from their absence?
I don't know GF's exact thoughts, but I think he got a bit miffed on being transferred from Mod to Member. I plan to do that one-by-one with all the Mods. He was just the second one to be transferred. I will then build a new Mod team, if I need to. If he wants to continue as Mod, then I would ask him what his goals are for the site. If we agree on that, I would be happy to have him return to that capacity. But I will probably slim down first and build up later.
Understand, Schäuble is no idiot. He knows that there is no way Greece would go for this. So his comment can only be seen as an attempt to incite a Greek backlash while also winning political points in Germany.
:lol: -
I don't agree with that.
There are many people here who think "the purists" are unbalanced. Not just RH.
But few of them are interested enough, to join the fray on the Gold thread, but you can see them posting elsewhere.
In the end, it is my site, and I have to stand up for the balance and the free-discussion that I believe in.
Without mentioning names, I can think of two or three posters who were very aggressively Anti-Trader, and they have now left some time ago, do you really think the site has suffered as all from their absence?
I don't know GF's exact thoughts, but I think he got a bit miffed on being transferred from Mod to Member. I plan to do that one-by-one with all the Mods. He was just the second one to be transferred. I will then build a new Mod team, if I need to. If he wants to continue as Mod, then I would ask him what his goals are for the site. If we agree on that, I would be happy to have him return to that capacity. But I will probably slim down first and build up later.
It's probably too late to say this but BE CAREFUL. This is how Hitler behaved and then he lost all his best Generals who realized he was insane. Hitler ended his days defeated in his bunker...or was it Argentina?
Re. GF he has always given good advice and opinion. Your silly comments brought out his sharp tongue. You will feel the loss, i feel. You have a load of rumour, unexpanded on 'detail' and hearsay. He only ever produced the facts in the pure light of logic and reason: the German tradition. You have been seduced by a load of conspiracy clap and it has clouded your good judgement, which used to be razor sharp. All IMHO from one friend to another.
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Nope.
Just making a point. The thread is alive and well and living on the Fringe - taking a holiday.
From there:
Actual TRAFFIC, as of last count:
28,922 Replies
2,278,634 Views
That's quite a boost to the humble little Fringe section. haha
I've always found this advice incredibly useful, especially as I get older:
When you are in a hole, stop digging. For weeks now, months actually, you have been at odds with everyone else not vice versa. You have a personal thing about Jim Sinclair, (whether you see it or not) which is fair enough. He's not exactly David Morgan or even Doug Casey. But you say you have 'information' but you can't go into 'detail'. That's like fighting a man that doesnt have a weapon.
If you think the posters on the old thread are a bunch of losers then so what? You dont have to wind them all up. I think you do yourself a great disservice. I also think the majority think so to.
Come on, loosen up!
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Yes.
That in fact is the problem.
I think some of the die-hard types really felt like the Gold thread was "their turf", and they didn't like me posting there, especially when I challenged the prevailing philosophy, which was to buy and hold gold through all the dips.
Some are convinced that either:
+ You cannot beat B&H through trading (& I challenged that), or
+ Any sort of asset which was not physical gold in storage was far too dangerous, or
+ Anyone who challenged this strategy was in favor of holding fiat currency
So they felt-duty bound to attack other points of view, especially on their "home turf."
They forgot the thread was part of a bigger website, run by someone who was keen to insist on respect for all points of view - and that includes theirs BTW!
My hope is... by moving the thread I will shake that "my turf" attitude, and allow a more balanced discussion going forward. We will probably lose some posters, and maybe many of them. But I think this will actually lead to a better discussion in the long run.
If there is a decent discussion on the new thread, then I will merge them eventually. That is the plan anyway.
WTF you have binned the gold thread??? 27 million views or something?? That's more than the rest of the site put together? Are you out of your mind?
).
) we could be witnessing the start of a considerable turnaround in the property investment sector.( 
I wonder what his definition of 'real money' really is? Gold or Greenbacks or both?
GOLD
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