Jayman Posted October 20, 2012 Share Posted October 20, 2012 (edited) Last post. a true relief. regarding the currency wars, I have a question to ask that's of totally secondary importance: "where is gold going in this market"? Was this not clear? or, to answer the question another way... Where is gold going in this market? It's going into the pockets of those with the foresight to buy it. Edited October 20, 2012 by Jayman Link to comment Share on other sites More sharing options...
yoshiwara Posted October 20, 2012 Share Posted October 20, 2012 Except that nobody would have sat on currency notes all that time. So totally f******* useless really. Link to comment Share on other sites More sharing options...
binjalin Posted October 21, 2012 Share Posted October 21, 2012 anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks? Link to comment Share on other sites More sharing options...
midas Posted October 21, 2012 Share Posted October 21, 2012 (edited) anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks? This guy uses lots of graphs and charts to explain why he thinks gold is in a bubble except he believes the bubble is only starting now If you don't want to watch the whole thing is worth skipping along to the end at about 28 min to see to see where the price of gold is now on the bubble graph ! Edited October 21, 2012 by midas Link to comment Share on other sites More sharing options...
cloudhopper Posted October 21, 2012 Share Posted October 21, 2012 Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold. NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction. It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example. Link to comment Share on other sites More sharing options...
metisdead Posted October 21, 2012 Share Posted October 21, 2012 A trolling nonsense session has been removed. Link to comment Share on other sites More sharing options...
midas Posted October 21, 2012 Share Posted October 21, 2012 (edited) Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold. NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction. It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example. fair comment cloudhopper talking about currency destruction I was quite surprised to learn this phenomenon about bank destruction is still happening this used to be flying’s area of expertise and he used to monitor this on a weekly basis The Federal Deposit Insurance Corp. or FDIC, announced Friday the shuttering of three banks, two in Florida, and one in Missouri, taking the count of total U.S. bank closures in 2012 to 46, http://www.rttnews.c...hree-banks.aspx Edited October 21, 2012 by midas Link to comment Share on other sites More sharing options...
yoshiwara Posted October 21, 2012 Share Posted October 21, 2012 Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold. NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction. It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example. Loose translation: If you didn't sell and instead are kicking yourself, then don't worry, the cavalry is on its way! Link to comment Share on other sites More sharing options...
mccw Posted October 21, 2012 Share Posted October 21, 2012 Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold.NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction. It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example. I think he's saying the mania period which is about to come will be concurrent with the debt / bond bubble bursting; the decline would only start after the "solution" (however that might arise eg, gold standard, new currency, massive inflationary period or whatever) had presented itself and the gold began the sell off phase only after it was deemed safe to convert back in to the newly stabilised system. Link to comment Share on other sites More sharing options...
edgarfriendly Posted October 22, 2012 Share Posted October 22, 2012 A trolling nonsense session has been removed. So you say, yet i still see a load of absolute shit posts by absolute idiots... surely causing a moderator to delete posts warrants a ban...? proof that 2400+ posts does not mean someone is worth reading / listening to Link to comment Share on other sites More sharing options...
JSixpack Posted October 22, 2012 Share Posted October 22, 2012 Entertaining article on the old days of free banking in the USA: http://www.bloomberg.com/news/2012-10-19/when-banks-were-able-to-print-their-own-money-literally.html Link to comment Share on other sites More sharing options...
Naam Posted October 22, 2012 Share Posted October 22, 2012 anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks? tanking? how many times do globally renowned experts cum successful investors/fund managers and resident learned TV-members have to tell you that Gold can only go up? are you forgetting that Gold was for thousands of years the only protection of wealth? if Gold goes down vs. some worthless fiat money it's because of criminal actions and conspiracies by various dark forces. Link to comment Share on other sites More sharing options...
Jayman Posted October 22, 2012 Share Posted October 22, 2012 anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks? tanking? how many times do globally renowned experts cum successful investors/fund managers and resident learned TV-members have to tell you that Gold can only go up? are you forgetting that Gold was for thousands of years the only protection of wealth? if Gold goes down vs. some worthless fiat money it's because of criminal actions and conspiracies by various dark forces. You do realize how foolish you look repeating that over and over like an old fool. Only you and tweedle dumber keep saying that. Link to comment Share on other sites More sharing options...
yoshiwara Posted October 22, 2012 Share Posted October 22, 2012 tweedle dumber Is that me? Link to comment Share on other sites More sharing options...
Jayman Posted October 22, 2012 Share Posted October 22, 2012 (edited) tweedle dumber Is that me? Yes But seems you already know that. Edited October 22, 2012 by Jayman Link to comment Share on other sites More sharing options...
yoshiwara Posted October 22, 2012 Share Posted October 22, 2012 tweedle dumber Is that me? Yes But seems you already know that. I am honoured. Link to comment Share on other sites More sharing options...
Naam Posted October 22, 2012 Share Posted October 22, 2012 Gold surges $5.30/ounce today. wide spread buying by central banks? Hindu mating season ante portas? Link to comment Share on other sites More sharing options...
edgarfriendly Posted October 22, 2012 Share Posted October 22, 2012 tweedle dumber Is that me? Ha!! I thought he was on about cloudhopper for some reason, maybe just the double barrelled name.. It speaks volumes that you're aware of how you come across. Have you really nothing better you could be doing? Link to comment Share on other sites More sharing options...
Jayman Posted October 22, 2012 Share Posted October 22, 2012 http://www.telegraph.co.uk/finance/financialcrisis/9626542/Japan-to-join-currency-wars-as-exports-slump.html Japan to join currency wars as exports slump Japan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession and a suffocatingly-strong yen. Link to comment Share on other sites More sharing options...
midas Posted October 23, 2012 Share Posted October 23, 2012 (edited) http://www.telegraph...orts-slump.html Japan to join currency wars as exports slump Japan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession and a suffocatingly-strong yen. This is not going to be good for Japans economy either ……… Fukushima Unit 4 Is Sinking (Unevenly) Hiroaki Koide, Kyoto University Reactor Research Institute: There are a lot of problems and Tepco and Japanese government state they are going to pick the melted fuel up someday, somehow. I personally think it’s impossible. Because there is no solution, we will have to give it up. We will have to build stone coffin like Chernobyl for reactor 1, 2 and 3. However, at least they must remove the fuel assemblies on the bottom of spent fuel pools somehow before building stone coffin. http://enenews.com/j...get-melted-fuel The Greatest Single Threat to Humanity: Fuel Pool Number 4 http://www.washingtonsblog.com/2012/04/the-largest-short-term-threat-to-humanity-the-fuel-pools-of-fukushima.html Edited October 23, 2012 by midas Link to comment Share on other sites More sharing options...
cloudhopper Posted October 23, 2012 Share Posted October 23, 2012 Heh old GWs blog is a bit too tin foil hat even for me but it's always a fun read. Here's another one about Japan - should probably be on the FC thread though - http://www.zerohedge.com/news/2012-10-22/japanese-government-demands-boj-do-qe-9-one-month-after-failed-qe-8 Link to comment Share on other sites More sharing options...
midas Posted October 23, 2012 Share Posted October 23, 2012 (edited) Heh old GWs blog is a bit too tin foil hat even for me but it's always a fun read. Here's another one about Japan - should probably be on the FC thread though - http://www.zerohedge...ter-failed-qe-8 Even if you think that about GW , if it is sinking unevenly they will have to close it down and the effect on the world's third biggest economy will not be good...... The Japan Institute for Energy Economics has warned that keeping nuclear reactors mothballed could limit GDP growth to just 0.1 per cent this year, as manufacturers cut back production while paying higher prices for crude. http://www.thehindu....icle3391100.ece Edited October 23, 2012 by midas Link to comment Share on other sites More sharing options...
Naam Posted October 23, 2012 Share Posted October 23, 2012 The Greatest Single Threat to Humanity: Fuel Pool Number 4 that will drive the gold price to unseen heights. Link to comment Share on other sites More sharing options...
Naam Posted October 23, 2012 Share Posted October 23, 2012 Japan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession and a suffocatingly-strong yen. another reason why gold will be soon a godzillion dollars per metric ton. Link to comment Share on other sites More sharing options...
Naam Posted October 23, 2012 Share Posted October 23, 2012 one really doesn't have to think hard who real tweedle dumbers are in this gold thread. Link to comment Share on other sites More sharing options...
churchill Posted October 23, 2012 Author Share Posted October 23, 2012 'The court of auditors has now demanded regular audits of Germany’s foreign gold reserves. The last audits from New York were from 1979/1980. The Bundesbank has since been let into the vault, but not allowed to open the boxes in which the bars are stored, something that has obviously stokes suspicions.' http://ftalphaville.ft.com/2012/10/23/1224511/counting-das-gold-at-fort-knox/?utm_source=dlvr.it&utm_medium=twitter Link to comment Share on other sites More sharing options...
Naam Posted October 23, 2012 Share Posted October 23, 2012 'The court of auditors has now demanded regular audits of Germany’s foreign gold reserves. The last audits from New York were from 1979/1980. The Bundesbank has since been let into the vault, but not allowed to open the boxes in which the bars are stored, something that has obviously stokes suspicions.' http://ftalphaville...._medium=twitter except for the Omegaville journàsslistic inventions "Germany wants to audit its gold held abroad" and "the Bundesbank was not allowed..." the report, whatever little is left, is correct. not "Germany" wants to audit but two German MPs demanded to "see and verify" Germany's physical gold stored abroad. they were told by Bundesbank officials that it is impossible for two lo(o)ne MPs, playing Holmes and Watson, to shuffle around and check approximately 270,000 bars of gold each weighing 12.5 kilograms. moreover, the translation "court of auditors" is correct albeit misleading. the "Bundesrechnungshof" audits government expenses, criticises, suggests and advises but has (unfortunately) no power whatsoever to enforce any of its suggestions. by the way, reading its annual report causes the blood boil of any German taxpayer! Link to comment Share on other sites More sharing options...
ppam888 Posted October 23, 2012 Share Posted October 23, 2012 Gold is taking a beating. But didnt US companies miss earnings? surely - companies make less money >> hire less workers >> unemployment >> stimulus?? Also havent most investors already come out of Euro to US? Link to comment Share on other sites More sharing options...
mania Posted October 23, 2012 Share Posted October 23, 2012 Gold is taking a beating. Historically 2nd half of Octobers Link to comment Share on other sites More sharing options...
yoshiwara Posted October 23, 2012 Share Posted October 23, 2012 tweedle dumber Is that me? Ha!! I thought he was on about cloudhopper for some reason, maybe just the double barrelled name.. It speaks volumes that you're aware of how you come across. Have you really nothing better you could be doing? Pricking the presumptiousness of gold bugs who think they own a thread about gold is useful enough. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now