drbubb Posted August 7, 2008 Report Share Posted August 7, 2008 TIMING QUESTION: If you were China, and you wanted to strengthen your currency - by switching some reserves OUT OF DOLLARS and INTO GOLD. When would you do it?: + Before the Beijing Olympics? + After the Beijing Olympics? No prizes for the right answer Benefit: you can lower commodity price inflation Cost: less exports to the US- but they are fading anyway Looking Back ... and Now in August 2008, as the Olympics are about to start Link to comment Share on other sites More sharing options...
Gebb Posted August 7, 2008 Report Share Posted August 7, 2008 I had thought that the Chinese were postponing a lot of things until after the Olympics, but now I see that it starts tomorrow on 8/8/08 which seems particularly auspicious (8 is lucky in China, I think?). Hmm, Wikipedia says that for the Chinese 8 is associated with "sudden fortune, prosperity" and that 888 is "three times the prosperity". I guess there are a few people here who might think that buying a lot of gold would help with that. TIMING QUESTION: If you were China, and you wanted to strengthen your currency - by switching some reserves OUT OF DOLLARS and INTO GOLD. When would you do it?: + Before the Beijing Olympics? + After the Beijing Olympics? No prizes for the right answer Benefit: you can lower commodity price inflation Cost: less exports to the US- but they are fading anyway Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 7, 2008 Author Report Share Posted August 7, 2008 Waaaaaah! A Silver Sammy Sighting (SSS) has ocurred! Back up the truck. Load the boat. Fill your boots. The bottom is in! No kidding. http://goldismoney.info/forums/showpost.ph...mp;postcount=28 Hear, hear. Someone dares to interpret the oracle. Very interesting: http://goldismoney.info/forums/showpost.ph...mp;postcount=71 He didnt really say sell, just that he is only holding for a few more months. That means the price should stay steady until then, but this winter, look out! its gonna skyrocket! Link to comment Share on other sites More sharing options...
wrongmove Posted August 7, 2008 Report Share Posted August 7, 2008 I had thought that the Chinese were postponing a lot of things until after the Olympics, but now I see that it starts tomorrow on 8/8/08 which seems particularly auspicious (8 is lucky in China, I think?). It actually start's at 8:08 pm 08/08/08 in China - the most auspicious minute of the century! GF - thanks for the explanation Link to comment Share on other sites More sharing options...
kernull Posted August 7, 2008 Report Share Posted August 7, 2008 what are your thoughts on this 82 dollar index call ? (i cant believe it) http://denaliguidesummit.blogspot.com/2008...ice-usd-82.html "Who amongst us would predice $USD = .82 ? And more than that, would would the US Dollar / Gold correlation Index read if the US Dollar could rally as far as .82? Let me offer two charts to illustrate my point, and then you can extrapolate what conditions would be necessary to facilitate even a partial achievement of the objectives shown........ I think the truth is far stranger than we'd care to admit, except THAT this is A PRESIDENTIAL ELECTION YEAR in the USA ! ! ! " Link to comment Share on other sites More sharing options...
wednesday2 Posted August 7, 2008 Report Share Posted August 7, 2008 Hear, hear. Someone dares to interpret the oracle. Very interesting: http://goldismoney.info/forums/showpost.ph...mp;postcount=71 GF, I've seen the Silver Sammy name being tossed around here and there, but I don't know who he is. Could you give me the run down? Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 7, 2008 Author Report Share Posted August 7, 2008 GF, I've seen the Silver Sammy name being tossed around here and there, but I don't know who he is. Could you give me the run down? He's da man! See signature. Link to comment Share on other sites More sharing options...
wednesday2 Posted August 8, 2008 Report Share Posted August 8, 2008 He's da man! See signature. Let me see if I have this straight..... Silver Sammy is some guy who shows up periodically on the message boards and makes calls on the price of silver that turn out to be dead opposite 100% of the time? So based on his latest comment, assuming the method holds, the price of silver is headed down? Link to comment Share on other sites More sharing options...
warpig Posted August 8, 2008 Report Share Posted August 8, 2008 I appreciate your optimism but I'm not convinced. I have a feeling the next few months leading up to the presidential election are going to give cause to further manipulation. Surely this is a prime opportunity to make the dola look good. Any thoughts? I don't think it will drop as far as $850. I'm obviously getting brave now. If I keep this up, I might even start believing what I'm saying! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted August 8, 2008 Report Share Posted August 8, 2008 Let me see if I have this straight..... Silver Sammy is some guy who shows up periodically on the message boards and makes calls on the price of silver that turn out to be dead opposite 100% of the time? So based on his latest comment, assuming the method holds, the price of silver is headed down? I think you're spot on except for the last word, which should be UP I think SS said he was getting rid of his holding. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted August 8, 2008 Report Share Posted August 8, 2008 Originally Posted by igorthesmall He didnt really say sell, just that he is only holding for a few more months. That means the price should stay steady until then, but this winter, look out! its gonna skyrocket! Link to comment Share on other sites More sharing options...
wednesday2 Posted August 8, 2008 Report Share Posted August 8, 2008 I think you're spot on except for the last word, which should be UP I think SS said he was getting rid of his holding. Back up the truck. Load the boat. Fill your boots. The bottom is in! I'm interpreting this as "buy now, the bottom is in". And the opposite of this would be "sell (or hold) now, we're not at the bottom" What do you think? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted August 8, 2008 Report Share Posted August 8, 2008 OK I may be wrong, but I think you are quoting GFs response to what SS said. Roughly: SS: I've lost patience, and I'm going to be getting out of this market (from memory) GF: Back up the truck. Load the boat. Fill your boots. The bottom is in! :D Link to comment Share on other sites More sharing options...
Steve Netwriter Posted August 8, 2008 Report Share Posted August 8, 2008 Opinion: US bonds are the next bubble to burst Rodney Dickens http://www.interest.co.nz/ratesblog/index....ubble-to-burst/ US bonds are most likely safe havens in the sense that the US government will probably be able to repay the capital investment (although in these uncertain times it could be even foolish to assume the US government is “as safe as houses”). But this does not mean investors can’t be burnt by bonds if yields are not high enough to compensate for inflation, taxes and fees, or if yields rise to a more realistic level relative to inflation, inflicting capital losses on current holders in the process. I quite like the 2nd comment on this article ( I have taken it upon myself to try and 'heducate' the masses ) Link to comment Share on other sites More sharing options...
Steve Netwriter Posted August 8, 2008 Report Share Posted August 8, 2008 Yeah: SS: "When will the true breakthrough come in silver...I think I've given up" GF: Waaaaaah! A Silver Sammy Sighting (SSS) has ocurred! Back up the truck. Load the boat. Fill your boots. The bottom is in! No kidding. http://goldismoney.info/forums/showpost.ph...mp;postcount=28 from: http://www.greenenergyinvestors.com/index....ost&p=52264 IMO it's not quite such a good indicator as some more conventional methods :D But fun Link to comment Share on other sites More sharing options...
wednesday2 Posted August 8, 2008 Report Share Posted August 8, 2008 OK I may be wrong, but I think you are quoting GFs response to what SS said. Roughly: SS: I've lost patience, and I'm going to be getting out of this market (from memory) GF: Back up the truck. Load the boat. Fill your boots. The bottom is in! :D Ok, good Went back again and I see that now, but couldn't find the original SS anti-premonition. edit: found the SS post - http://goldismoney.info/forums/showthread....013#post1227013 Link to comment Share on other sites More sharing options...
Compounded Posted August 8, 2008 Report Share Posted August 8, 2008 TIMING QUESTION: If you were China, and you wanted to strengthen your currency - by switching some reserves OUT OF DOLLARS and INTO GOLD. When would you do it?: + Before the Beijing Olympics? + After the Beijing Olympics? No prizes for the right answer Benefit: you can lower commodity price inflation Cost: less exports to the US- but they are fading anyway Buy as much gold as she can secretly is what I think she is doing. This will continue as an announcement of intention to accumulate gold will send the price higher. It's normal for a creditor nation to accumulate gold, Japan has USA dollars - I bet they wish now they had got more gold. Link to comment Share on other sites More sharing options...
wednesday2 Posted August 8, 2008 Report Share Posted August 8, 2008 He's da man! See signature. GF, what do you think his deal is? shorter? e.s.p.? central bank employee trying to secretly spread the wealth? Link to comment Share on other sites More sharing options...
headmelter Posted August 8, 2008 Report Share Posted August 8, 2008 Sitting just below $870 whats the odds it will test $850 ? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted August 8, 2008 Report Share Posted August 8, 2008 Sitting just below $870 whats the odds it will test $850 ? Apologies if you're always being asked this question. And off topic, but...... Do you know you have an amazing similarity to George Bush ? Did you grow the beard to try and look more different to him ? Or did he shave off his to look less like you ? Now I'm not sure whether this is the real George Bush, or you: :D Link to comment Share on other sites More sharing options...
Compounded Posted August 8, 2008 Report Share Posted August 8, 2008 Sitting just below $870 whats the odds it will test $850 ? Still £450, this is partly a dollar dead cat bounce. Link to comment Share on other sites More sharing options...
headmelter Posted August 8, 2008 Report Share Posted August 8, 2008 Apologies if you're always being asked this question. And off topic, but...... Do you know you have an amazing similarity to George Bush ? Did you grow the beard to try and look more different to him ? Or did he shave off his to look less like you ? Now I'm not sure whether this is the real George Bush, or you: :D God, I had never noticed that. He does look like me, doesn't he? Link to comment Share on other sites More sharing options...
sylvester Posted August 8, 2008 Report Share Posted August 8, 2008 OK I may be wrong, but I think you are quoting GFs response to what SS said. Roughly: SS: I've lost patience, and I'm going to be getting out of this market (from memory) GF: Back up the truck. Load the boat. Fill your boots. The bottom is in! :D Wow Steve, you solving mysteries like that super sleuth, 'Cracker' . I hear he now lives in your neck of the woods and may have 'gone bad'... Link to comment Share on other sites More sharing options...
Steve Netwriter Posted August 8, 2008 Report Share Posted August 8, 2008 "Because of the Children and Young Persons Act 1989 Police cannot show you a picture of the 16-year-old burglar operating in your neighbourhood," it states. That would be funny if it wasn't so stupid They have the picture of the person they want to catch ?! But can't post it ?! :blink: :blink: I'm sure many people will come up with a great explanation of why. But sometimes I think the world has just gone mad. Steve (who looks remarkably like a 16 year old version of Robbie Coltrane) :lol: Link to comment Share on other sites More sharing options...
wrongmove Posted August 8, 2008 Report Share Posted August 8, 2008 OK I may be wrong, but I think you are quoting GFs response to what SS said. Roughly: SS: I've lost patience, and I'm going to be getting out of this market (from memory) GF: Back up the truck. Load the boat. Fill your boots. The bottom is in! :D The post GF linked to was this: HEH! Yeah, this guy reminds me of a young brash Silver Sammy! : ) I'd be lying if I said I haven't felt the same from time to time... ...but everytime I feel like selling, I staple a 5 year chart to my head! So SS is holding. According to GF's sig, he is a "contrary indicator", so what is the opposite of "hold"? Link to comment Share on other sites More sharing options...
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