Pixel8r Posted November 3, 2009 Report Share Posted November 3, 2009 So which bank was it? It didn't say sorry.... Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2009 Author Report Share Posted November 4, 2009 http://jsmineset.com/2009/11/03/in-the-news-today-359/ The IMF versus the Asian central banks is like a go-kart playing chicken with the world’s most powerful bullet train. Good luck with that one. –CIGA Rusty Bayonet Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2009 Author Report Share Posted November 4, 2009 This headline is so good, I don't even have to read the article. The UK is doomed. As Frizzers ones wrote, the UK government is the perfect contra-indicator. http://goldswitzerland.com/index.php/india...-uk-buys-banks/ INDIA BUYS GOLD – UK BUYS BANKS November 3rd, 2009 by Egon von Greyerz, GoldSwitzerland Link to comment Share on other sites More sharing options...
jinbal Posted November 4, 2009 Report Share Posted November 4, 2009 God bless you Goldfinger! The other day I was telling my mates (all of whom know little about gold) about these rocket posters and the 'see you up there' tag line. They thought it was hilarious. LOL - I just showed the missus the "see you up there" line never fails to make me chuckle (Don;t ask me why) Link to comment Share on other sites More sharing options...
DoctorSolar Posted November 4, 2009 Report Share Posted November 4, 2009 Not sure if this has been posted yet. I haven't had a chance to read it all yet but it looks reasonably interesting summary of recent events: Gold Market Reaching The Breaking Point Gold is becoming money once again. Link to comment Share on other sites More sharing options...
headmelter Posted November 4, 2009 Report Share Posted November 4, 2009 My hoped for drop never materialised. Bugger. Still hoping for a drop to at least $9xx (below £600 in sterling). That is the time to buy big. Had been waiting on the same 'drop' but dry powder remains untouched rendering me a little nervous. Link to comment Share on other sites More sharing options...
FWIW Posted November 4, 2009 Report Share Posted November 4, 2009 Gold decoupled from everything else? http://club.ino.com/trading/2009/11/the-decoupling-of-gold/ Link to comment Share on other sites More sharing options...
romans holiday Posted November 4, 2009 Report Share Posted November 4, 2009 Had been waiting on the same 'drop' but dry powder remains untouched rendering me a little nervous. It may take an event such as a renewed credit crisis to take gold to a significantly lower level. Still keeping some powder dry [for silver]. Link to comment Share on other sites More sharing options...
jinbal Posted November 4, 2009 Report Share Posted November 4, 2009 It may take an event such as a renewed credit crisis to take gold to a significantly lower level. Still keeping some powder dry [for silver]. Good point But I'm beginning to wonder whether we will actually see another "event" such as the violent credit freeze and subsequent deleveraging that we saw in 2008. After all Why would we? - I strongly beleive that what we saw late 2008 was a shock, "unexpected" (to the mainstream ,not us). The CB's clearly now stand ready to fight any liquidity issues to the point where even the first whiff of a freeze will be met full force. Does anyone really think we will see a deleveraging panic equal to 2008? not IMO - I fully believe that it WILL happen but the style in which it occurs will be different - think the slow grind fought by CB's every step with their printing presses. It seems that many are preparing /positioning for a set of events that are similar to the panic deleveraging of 2008 - is it possible to get the deleveraging without the panic thereby opening the door to changed inter-market correlations? Link to comment Share on other sites More sharing options...
romans holiday Posted November 4, 2009 Report Share Posted November 4, 2009 Yes but no.... You're right in what you're saying, however I think prices will explode to the upside before we get anywhere near what you're describing. They will play the fiat game until the bitter end IMO. If prices exploded to the upside wouldn't that involve currencies exploding? How likely is that to happen in the real world? Isn't it more likely that gold will increase in "price" as other currencies decrease in "price" against gold... and wouldn't this just reflect the "monetization" of gold. No schoolboy fantasy... just a mundane monetary phenomenon. Link to comment Share on other sites More sharing options...
romans holiday Posted November 4, 2009 Report Share Posted November 4, 2009 Good point But I'm beginning to wonder whether we will actually see another "event" such as the violent credit freeze and subsequent deleveraging that we saw in 2008. After all Why would we? - I strongly beleive that what we saw late 2008 was a shock, "unexpected" (to the mainstream ,not us). The CB's clearly now stand ready to fight any liquidity issues to the point where even the first whiff of a freeze will be met full force. Does anyone really think we will see a deleveraging panic equal to 2008? not IMO - I fully believe that it WILL happen but the style in which it occurs will be different - think the slow grind fought by CB's every step with their printing presses. It seems that many are preparing /positioning for a set of events that are similar to the panic deleveraging of 2008 - is it possible to get the deleveraging without the panic thereby opening the door to changed inter-market correlations? Double good point. A lot depends on the future actions of governments which, if we are to be frank, are unknowable and uncertain though we can predict what they might be. Personally, I side with those who see constraints on what governments can do in the face of a continued debt deflation. Others, on the other hand, see government action as in some sense unconstrained. I suspect these differing views reflect fundamentally different "visions" where the nature of governmental power and the nature of economic theory are perceived differently. Though I envsage another liquidating crisis similiar to the one seen last year, you might be right that massive stimulus and continued QE could prevent it... and we see just a slow economic stagnation instead [this is why I have already a stake in gold]. That said, I wonder if the next catalyst for a crisis could be the withdrawal of stimulus, which has to come some time next year. It wouldn't take much for these markets to panic. I go with Roubini on a double-dip... but against him on gold, which I see as effectively monetized now. Link to comment Share on other sites More sharing options...
Pixel8r Posted November 4, 2009 Report Share Posted November 4, 2009 Nice 'bikes. But why the hell did they make them chain drive? I think you will find that it is shaft drive, they aren't going to put that much torque through a chain! Link to comment Share on other sites More sharing options...
TrueNorth Posted November 4, 2009 Report Share Posted November 4, 2009 Jeepers, gold's caught another bid this morning, 1091 and climbing! Link to comment Share on other sites More sharing options...
bitbigt Posted November 4, 2009 Report Share Posted November 4, 2009 I think you will find that it is shaft drive, they aren't going to put that much torque through a chain! Nope! All the Triumphs were given final chain drive when relaunched some 20 years ago. The Rocket III Classic model also had, and still has, a chain drive. http://www.hermys.com/triumph/rocketiiiclassic/ But admitedly, they did then start putting shafts on their range, and released a new Rocket III with shaft drive. I went for the Honda CB1000 'Big One' instead http://upload.wikimedia.org/wikipedia/comm...000_Big_One.JPG And if gold keeps on doing what its doing these last 24 hours, we can all buy one of each! Link to comment Share on other sites More sharing options...
TrueNorth Posted November 4, 2009 Report Share Posted November 4, 2009 This article courtesy of GATA: Cash for Gold? Are you kidding? http://www.swissamerica.com/article.php?ar...0910200425f.txt Provides a good overview of the key issues about gold vs paper. Would be a good thing to send to a friend or family member to give them a new perspective. Link to comment Share on other sites More sharing options...
aardvark Posted November 4, 2009 Report Share Posted November 4, 2009 Good point But I'm beginning to wonder whether we will actually see another "event" such as the violent credit freeze and subsequent deleveraging that we saw in 2008. After all Why would we? - I strongly beleive that what we saw late 2008 was a shock, "unexpected" (to the mainstream ,not us). The CB's clearly now stand ready to fight any liquidity issues to the point where even the first whiff of a freeze will be met full force. Does anyone really think we will see a deleveraging panic equal to 2008? not IMO - I fully believe that it WILL happen but the style in which it occurs will be different - think the slow grind fought by CB's every step with their printing presses. It seems that many are preparing /positioning for a set of events that are similar to the panic deleveraging of 2008 - is it possible to get the deleveraging without the panic thereby opening the door to changed inter-market correlations? i agree completely. Now that the public know things can get worse it gives the CB's and gov's room to take more drastic action (like printy printy) Link to comment Share on other sites More sharing options...
Pixel8r Posted November 4, 2009 Report Share Posted November 4, 2009 Nope! All the Triumphs were given final chain drive when relaunched some 20 years ago. The Rocket III Classic model also had, and still has, a chain drive. http://www.hermys.com/triumph/rocketiiiclassic/ But admitedly, they did then start putting shafts on their range, and released a new Rocket III with shaft drive. I went for the Honda CB1000 'Big One' instead http://upload.wikimedia.org/wikipedia/comm...000_Big_One.JPG And if gold keeps on doing what its doing these last 24 hours, we can all buy one of each! The picture I posted was of a custom Rocket III, so I was correct in saying that it had a shaft drive not a chain. Link to comment Share on other sites More sharing options...
electroweak Posted November 4, 2009 Report Share Posted November 4, 2009 A little OT, but what the hell.. http://www.members.gold.org/news/2009/11/0...m_gold_treasure Scottish metal detectorist 'has uncovered £1m gold treasure' The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council. Tuesday, 3rd November 2009 (114 views) A metal detectorist has found a haul of Iron Age gold treasure in Scotland that could be worth more than £1 million, it has been reported. Four gold neckbands - known as torcs - were found by the anonymous man in a field near Stirling, which is also remaining unnamed to avoid a rush for any more treasure that may be there, according to the Daily Record. "We've never seen anything like this before. The workmanship is breathtaking. Some of the gold wire used is the thickness of your finger," a source close to the team excavating the site said. The neckbands - which include one made from twisted sheet gold and another encrusted with gold wire and beads - have been declared treasure under Scottish law. Last year, a similar torc found in England was sold for £350,000. Five gold torcs dating back to 75 BC were found during a construction project in Ipswich in 1968, with a sixth found close to the site one year later. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2009 Author Report Share Posted November 4, 2009 Scottish metal detectorist 'has uncovered £1m gold treasure' They never find Federal Reserve Notes treasures, or Pound Sterling treasures. I wonder why. Link to comment Share on other sites More sharing options...
bitbigt Posted November 4, 2009 Report Share Posted November 4, 2009 The picture I posted was of a custom Rocket III, so I was correct in saying that it had a shaft drive not a chain. And I agreed some models had shafts. But what you said was that "they aren't going to put that much torque through a chain", ...and there you were wrong my friend. Shall we now complain about each other on Dr B's run to mummy thread :-) Link to comment Share on other sites More sharing options...
romans holiday Posted November 4, 2009 Report Share Posted November 4, 2009 And I agreed some models had shafts. But what you said was that "they aren't going to put that much torque through a chain", ...and there you were wrong my friend. Shall we now complain about each other on Dr B's run to mummy thread :-) You could just start a bike thread. Link to comment Share on other sites More sharing options...
bitbigt Posted November 4, 2009 Report Share Posted November 4, 2009 You could just start a bike thread. True, but its important to start planning how we'll spend out gold fortunes, no? But OK. I'll get serious now (no more 'bike or distracting postings, promise), before Dr B complains about me on his own complaint thread. Link to comment Share on other sites More sharing options...
Mr Pipples Posted November 4, 2009 Report Share Posted November 4, 2009 Bikers causing problems on the forum again? (I'm off back out to Thailand soon and will likely hire a Kaw e6n to do the Mae Hong Son loop again... Sweet!) Link to comment Share on other sites More sharing options...
sash777 Posted November 4, 2009 Report Share Posted November 4, 2009 Gold is at $1092 and we're arguing about bikes? Bikes aren't even in the subject header - can we get the thread title changed please! Link to comment Share on other sites More sharing options...
Pixel8r Posted November 4, 2009 Report Share Posted November 4, 2009 And I agreed some models had shafts. But what you said was that "they aren't going to put that much torque through a chain", ...and there you were wrong my friend. Shall we now complain about each other on Dr B's run to mummy thread :-) A chain wouldn't last five minutes with that amount of torque. 2000.00 Nm (203.9 kgf-m or 1,475.2 ft.lbs) @ 2500 RPM Link to comment Share on other sites More sharing options...
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