romans holiday Posted March 18, 2010 Report Share Posted March 18, 2010 So many doomsters on this thread. I'm just looking for a good old-fashioned depression... not the end of the world. Link to comment Share on other sites More sharing options...
aliveandkicking Posted March 18, 2010 Report Share Posted March 18, 2010 Supposedly i have been suspended for 14 days.......... Link to comment Share on other sites More sharing options...
Fortune Posted March 18, 2010 Report Share Posted March 18, 2010 This is officially the end for Swiss banking secrecy, only the Swiss lower house can preserve the status quo, I think. By the way, AL&K, I ventured to look at your response to me (just ventured to view a single post from you, as I have you routinely blocked!) and found it ignorant, arrogant and repulsive. I reported it. You are a troll. I will NEVER look at a post of yours again. I sincerely hope you are chucked off this board. Swiss upper house approves five bank data deals Another nail in the coffin for Switzerland. I am seriously considering moving vault to Hong Kong on GM... Does anyone know what the tax agreement between the the UK and Hong Kong is? Persumably not as bad as Switzerland at the moment right? Or were the 'if you don't hold it, you don't own it' brigade right all along? Decisions, decisions... Link to comment Share on other sites More sharing options...
warpig Posted March 18, 2010 Report Share Posted March 18, 2010 There will come a time when I won't trust BV and GM, but we're not there yet IMO. Be careful of costs, it is likely to cost you many ounces to TX to HK. Another nail in the coffin for Switzerland. I am seriously considering moving vault to Hong Kong on GM... Does anyone know what the tax agreement between the the UK and Hong Kong is? Persumably not as bad as Switzerland at the moment right? Or were the 'if you don't hold it, you don't own it' brigade right all along? Decisions, decisions... Link to comment Share on other sites More sharing options...
Jake Posted March 18, 2010 Report Share Posted March 18, 2010 Supposedly i have been suspended for 14 days.......... Nevermind. You'll have plenty of time to dig out a Dow:Ciggies ratio or perhaps a Dow:Spam ratio. What about a Property:Ciggies ratio, too? I would be interested in an 18 yr old Malt:Property index, perhaps I have drunk an average house away over the years... Anyhow it would be interesting to see the 'facts'. Link to comment Share on other sites More sharing options...
azazel Posted March 18, 2010 Report Share Posted March 18, 2010 Supposedly i have been suspended for 14 days.......... Link to comment Share on other sites More sharing options...
TW11 Posted March 18, 2010 Report Share Posted March 18, 2010 Faber's latest media appearance... We have a new gold standard Ok, an emotive link title, it was only a soundbite. But it is his clarity of thought that I like. He keeps it simple and I think the simple answers are usually the best. All currencies are crap. <link doesn't work for me in Firefox, but is ok in IE> Link to comment Share on other sites More sharing options...
TW11 Posted March 18, 2010 Report Share Posted March 18, 2010 So many doomsters on this thread. I'm just looking for a good old-fashioned depression... not the end of the world. Some of the scenarios people are preparing themselves for aren't once in a hundred year events, they are The Big One - and I mean beyond the Great Depression. Statistically it is possible, but given the chances...well it's not a trade I'd be interested in. You might as well position yourself to profit from the arrival of ET. Great if ET does show up, but given the chances of it, I wouldn't be holding my breath... Gold right now is just protection from the devaluation of cash. Nothing more. Link to comment Share on other sites More sharing options...
id5 Posted March 19, 2010 Report Share Posted March 19, 2010 Central Bank Gold Holdings Expand at Fastest Pace Since 1964 Combined holdings rose 425.4 metric tons to 30,116.9 tons And Brown sold a big chunk of the UK's at a low, what a clever man he is Link to comment Share on other sites More sharing options...
romans holiday Posted March 19, 2010 Report Share Posted March 19, 2010 Faber's latest media appearance... We have a new gold standard Ok, an emotive link title, it was only a soundbite. But it is his clarity of thought that I like. He keeps it simple and I think the simple answers are usually the best. All currencies are crap. <link doesn't work for me in Firefox, but is ok in IE> "I think that the oil price would rather go up than down. I think oil stocks would perform rather well, by the way also mining companies," Faber said. Investors should have a minimum of 50 percent of their money in emerging economies because these are growing much faster than the developed world, he recommended. Treasurys to Yield 10-20% An extreme bubble in US Treasurys has been deflated for the moment and yields are likely to rise sharply over the next years, Faber told CNBC.com separately . I think Faber over-estimates the power of governments to devalue currencies in a deflation. This causes him to under-estimate currencies and advise people to buy stocks, oil, commodities etc when they should be doing the opposite. Highly doubt US treasuries will be at 20% anytime soon. Agree with him on gold though... investors should be divesting themselves of assets and buying gold, dollars.... and shock horror maybe a few treasuries. Developed economies are in a liquidity trap, and capital will seek to survive by exiting to the most liquid forms; gold, dollars and treasuries. For now, many investors [besides commentators] are fooled by Bernanke's bogeyman of helicopter money. That, and having been habituated to chase a return on money. Link to comment Share on other sites More sharing options...
LauraB Posted March 19, 2010 Report Share Posted March 19, 2010 And Brown sold a big chunk of the UK's at a low, what a clever man he is He was obeying his masters Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted March 19, 2010 Report Share Posted March 19, 2010 He was obeying his masters So obvious and most just think he is an idiot Link to comment Share on other sites More sharing options...
creditcrunch Posted March 19, 2010 Report Share Posted March 19, 2010 What just happened to gold. Link to comment Share on other sites More sharing options...
creditcrunch Posted March 19, 2010 Report Share Posted March 19, 2010 wtf http://www.taxfreegold.co.uk/goldpriceslive.html Link to comment Share on other sites More sharing options...
warpig Posted March 19, 2010 Report Share Posted March 19, 2010 Is this a trick question? Gold's gone down in all currencies a little bit and USD has gone up a bit, so a slightly bigger move in gold when measured in USD. What just happened to gold. Link to comment Share on other sites More sharing options...
creditcrunch Posted March 19, 2010 Report Share Posted March 19, 2010 Is this a trick question? Gold's gone down in all currencies a little bit and USD has gone up a bit, so a slightly bigger move in gold when measured in USD. No. Just wondered why, not seen a steep dive like that in a while. Link to comment Share on other sites More sharing options...
romans holiday Posted March 19, 2010 Report Share Posted March 19, 2010 No. Just wondered why, not seen a steep dive like that in a while. Maybe something to do with high market volume on quadruple witching. Could see some buying of dollar denominated assets pushing the dollar up a little. Investors in Euroland must be a little nervous at the mo. Link to comment Share on other sites More sharing options...
warpig Posted March 19, 2010 Report Share Posted March 19, 2010 I clicked on your link after my post, it does look more exaggerated in those charts. No. Just wondered why, not seen a steep dive like that in a while. Link to comment Share on other sites More sharing options...
electroweak Posted March 19, 2010 Report Share Posted March 19, 2010 I clicked on your link after my post, it does look more exaggerated in those charts. India increases rates 0.25% due to a 16 month high in inflation and gold sells off... I am deffo a buyer if this carries on; with the overdraft! http://www.bloomberg.com/apps/news?pid=206...brvC0&pos=1 The benchmark wholesale-price inflation rate touched 9.89 percent in February, according to the commerce ministry. Link to comment Share on other sites More sharing options...
romans holiday Posted March 19, 2010 Report Share Posted March 19, 2010 Early 2008 Early 2010 Could be some good buying ops coming up. Will be interesting to see if we get the spike up first. Link to comment Share on other sites More sharing options...
dietcolaaddict Posted March 19, 2010 Report Share Posted March 19, 2010 A trip down memory lane with this response to another textbook NY smackdown.... Link to comment Share on other sites More sharing options...
romans holiday Posted March 22, 2010 Report Share Posted March 22, 2010 Which one of these looks like the other... Link to comment Share on other sites More sharing options...
Manual labourer Posted March 22, 2010 Report Share Posted March 22, 2010 I guess you could short lower than 1050,target 850/900 go long above 1250 breakout target 1650? It seems like the market is making it's mind up, but you would have to say we are in a gold bull market and the trend is up ? ML Link to comment Share on other sites More sharing options...
romans holiday Posted March 22, 2010 Report Share Posted March 22, 2010 I guess you could short lower than 1050,target 850/900 go long above 1250 breakout target 1650? It seems like the market is making it's mind up, but you would have to say we are in a gold bull market and the trend is up ? ML You could say gold is in a bull market. You could also say gold is a strengthening currency. I wouldn't short gold because it is so unpredictable. And I wouldn't be concerned if it dipped to 3 digits again as would just consider it a consolidation before going on to new heights. When you consider gold a measure of value [a currency] rather than a reservoir of value [a commodity, or asset] then dips in prices are no more than fluctuations that are seen in all currencies. Maybe what we should do is price the dollar in terms of gold and watch the dollar fluctuate. As gold becomes increasingly monetized, I imagine that is what we will do, and the price of gold will increasingly be seen as the price of the dollar. This conceptual revolution should culminate in a new gold standard due to currencies becoming increasingly unstable. The fix will be pegging currencies to gold at the appropriate levels. Link to comment Share on other sites More sharing options...
Manual labourer Posted March 22, 2010 Report Share Posted March 22, 2010 You could say gold is in a bull market. You could also say gold is a strengthening currency. I wouldn't short gold because it is so unpredictable. And I wouldn't be concerned if it dipped to 3 digits again as would just consider it a consolidation before going on to new heights. When you consider gold a measure of value [a currency] rather than a reservoir of value [a commodity] then dips in prices are no more than fluctuations that are seen in all currencies. Maybe what we should do is price the dollar in terms of gold and watch the dollar fluctuate. As gold becomes increasingly monetized, I imagine that is what we will do, and the price of gold will increasingly be seen as the price of the dollar. This conceptual revolution should culminate in a new gold standard due to currencies becoming increasingly unstable. The fix will be pegging currencies to gold at the appropriate levels. I see what you are saying but don't agree, we have to deal with the here and now, gold is a tangible store of wealth, and has been for thousands of years, it is one of very few things I see as cheap at the moment, houses, shares bonds all look dear ? Being late to the party I would love it to drop lower in price then I could further join in ! I suspect though it wont and in 12months time now may be seen as a good buying oppourtunity? Who knows? Do you mind me asking what is your average in price for your holdings ? Regards ML Link to comment Share on other sites More sharing options...
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