romans holiday Posted June 21, 2008 Report Share Posted June 21, 2008 yes we are being hit by inflation hardly now Just read a great article linking oil, banks and inflation. It referred specifically to the situation in Mexico. http://financialsense.com/editorials/salin.../2008/0620.html Link to comment Share on other sites More sharing options...
romans holiday Posted June 21, 2008 Report Share Posted June 21, 2008 100oz was in the US in 1980. UK was 82oz, or so. Double-whammy: Sterling down AND houses down. No problem. EDIT: Here is more on the topic: http://goldismoney.info/forums/showthread.php?t=195370 Thanks GF for that link. Was a good read with some interesting strategies on how to value gold in the long run. Yet I wonder if further practical considerations need to be considered within the larger theory. What I mean here is that say hypothetically oil "blew off" in a couple of months time and a lot of money went to gold and say gold went to $2000 or $3000, would you sell a percentage of your gold at that time? And if so what kind of percentage? I am not so much thinking here of playing the market, that is, selling the bullhorn and buying the fishing line [which by the way I am sure will work for many in the interim] but exiting the market altogether when the bull is in its last stages. After all, all good things must come to an end. I guess I am thinking here of reverse dollar cost averaging. As a safe way to get into the early stages of a bull market is to dollar cost average - buy in at regular intervals, the dips etc- so also, the safe way to exit a bull market is to sell at regular intervals at certain spikes. Tactics, besides a long term strategy, are also important. Just a few thoughts, God I am glad I am not in financials. Link to comment Share on other sites More sharing options...
ologhai Posted June 21, 2008 Report Share Posted June 21, 2008 yes we are being hit by inflation hardly now Do you mean hardly, or hard? Link to comment Share on other sites More sharing options...
Errol Posted June 21, 2008 Report Share Posted June 21, 2008 The latter. Link to comment Share on other sites More sharing options...
GTG Posted June 21, 2008 Report Share Posted June 21, 2008 Just read a great article linking oil, banks and inflation. It referred specifically to the situation in Mexico. http://financialsense.com/editorials/salin.../2008/0620.html Great article, thanks for the "heads up" Link to comment Share on other sites More sharing options...
kernull Posted June 21, 2008 Report Share Posted June 21, 2008 "Right now, the rare-coin market can't get any lower... Dealers are hardly making anything on these coins as it is. And the price of gold has sneaked above $900 again. In my newsletter, I'm returning our gold coins to a "buy."" http://www.dailywealth.com/archive/2008/jun/2008_jun_20.asp coins indeed very cheap, almost spot price, I am buying silver coins next week since bullion may be falsified but coins are too cheap to mess with this. it is better to hold the less possible fractionable form of metal when we deal with physical. Link to comment Share on other sites More sharing options...
wren Posted June 22, 2008 Report Share Posted June 22, 2008 Desparate new monetary measures in the UK? MP calls for mass squirrel cull http://news.bbc.co.uk/2/hi/uk_news/7467702.stm /Sorry, I have a perverse sense of humour. I'll get me coat. Link to comment Share on other sites More sharing options...
sylvester Posted June 22, 2008 Report Share Posted June 22, 2008 MP calls for mass squirrel cull Are you worried they will start trading in dead squirrels, that the squirrel market will collapse as the government confiscates all the squirrels it can find or that the squirrels are actually the evil oil speculators that have been making the black stuff so expensive? Maybe they'll just grab their nuts... Link to comment Share on other sites More sharing options...
wren Posted June 22, 2008 Report Share Posted June 22, 2008 Are you worried they will start trading in dead squirrels, that the squirrel market will collapse as the government confiscates all the squirrels it can find or that the squirrels are actually the evil oil speculators that have been making the black stuff so expensive? Maybe they'll just grab their nuts... Precisely. But when it comes to such squirrel skin inflation the Scandinavians, Finns and Russians have no compare. Just need a decent shotgun (tricky with a hunting rifle, they being small and mobile, little chaps). I wonder what the grey/red ratio is these days? After that they could become so rare that there might be a, horror of horrors, deflation. Cue, our mate, Magpie. (And it's all very well with crows, but just don't stone the wrens.) Link to comment Share on other sites More sharing options...
azazel Posted June 22, 2008 Report Share Posted June 22, 2008 Maybe the squirrels will remain philosophical about the cull like their cousins, the Samaritan squirrel. http://video.google.com/videosearch?q=bill...mp;sitesearch=# Link to comment Share on other sites More sharing options...
wren Posted June 22, 2008 Report Share Posted June 22, 2008 Maybe the squirrels will remain philosophical about the cull like their cousins, the Samaritan squirrel. http://video.google.com/videosearch?q=bill...mp;sitesearch=# Is it just me? but it sounds a bit eerily like fiat currency systems. Link to comment Share on other sites More sharing options...
wren Posted June 22, 2008 Report Share Posted June 22, 2008 Whoops :blushes: Bit of an in-joke, but squirrel skins were used as money in Finland in ancient times. Link to comment Share on other sites More sharing options...
sylvester Posted June 22, 2008 Report Share Posted June 22, 2008 Market reaction to announcement. Better call in the PPT (Pteromyini Protection Team) Link to comment Share on other sites More sharing options...
Compounded Posted June 22, 2008 Report Share Posted June 22, 2008 Precisely. But when it comes to such squirrel skin inflation the Scandinavians, Finns and Russians have no compare. Just need a decent shotgun (tricky with a hunting rifle, they being small and mobile, little chaps). I wonder what the grey/red ratio is these days? After that they could become so rare that there might be a, horror of horrors, deflation. Cue, our mate, Magpie. (And it's all very well with crows, but just don't stone the wrens.) Far easier to catch with a trap, than shoot; the meat is a bit greasy but perfectly edible. Link to comment Share on other sites More sharing options...
G0ldfinger Posted June 22, 2008 Author Report Share Posted June 22, 2008 Far easier to catch with a trap, than shoot; the meat is a bit greasy but perfectly edible. I guess by utilizing some cookies, you might just catch them with you bare hands in the local park. Link to comment Share on other sites More sharing options...
mattyboy Posted June 22, 2008 Report Share Posted June 22, 2008 Far easier to catch with a trap, than shoot; the meat is a bit greasy but perfectly edible. I have heard that it is rather good - next time you see "ground partridge" on the menu, give it a try! Link to comment Share on other sites More sharing options...
wren Posted June 23, 2008 Report Share Posted June 23, 2008 Market reaction to announcement. Better call in the PPT (Pteromyini Protection Team) A dead squirrel bounce. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted June 23, 2008 Report Share Posted June 23, 2008 Jim Willie mentioned this chart: BKX http://stockcharts.com/h-sc/ui?s=$BKX...id=p13998208183 on here: http://www.kereport.com/audio/0621-04.mp3 Worth a listen I think. Edit: Oh sorry I forgot. TIMBER......... Link to comment Share on other sites More sharing options...
Bobsta Posted June 23, 2008 Report Share Posted June 23, 2008 TIMBER......... What the hell did you just press Steve?! G&S off a cliff! Link to comment Share on other sites More sharing options...
romans holiday Posted June 23, 2008 Report Share Posted June 23, 2008 Wow! what happened to G? $20 just like that. Seems the only certainty is volatlity these days. And of course to the moon at some later date More weather delays. Link to comment Share on other sites More sharing options...
Timil Posted June 23, 2008 Report Share Posted June 23, 2008 Wow feelin queasy Link to comment Share on other sites More sharing options...
sossij Posted June 23, 2008 Report Share Posted June 23, 2008 Wow feelin queasy Wow! What the hell just happened? Link to comment Share on other sites More sharing options...
woody Posted June 23, 2008 Report Share Posted June 23, 2008 Blimey, that was a quick move. Looks $ related to me. Possibly a renewed effrot to support the dollar after failing to get the oil price down with supply? Link to comment Share on other sites More sharing options...
electroweak Posted June 23, 2008 Report Share Posted June 23, 2008 Blimey, that was a quick move. Looks $ related to me. Possibly a renewed effrot to support the dollar after failing to get the oil price down with supply? Silver just lost the best part of a buck/Oz. Link to comment Share on other sites More sharing options...
sossij Posted June 23, 2008 Report Share Posted June 23, 2008 Silver just lost the best part of a buck/Oz. Groovy, best stock up on some more Link to comment Share on other sites More sharing options...
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