Naam Posted June 15, 2012 Share Posted June 15, 2012 Sorry naam .. NOT taken from 'old 'quotes .. I don't make things up ...and I don't suspect does Bloomberg .. most of the quotes originated 8-10 days ago. whether some shitty social network regurgitates and rechews them is of no consequence. period! Link to comment Share on other sites More sharing options...
lannarebirth Posted June 16, 2012 Share Posted June 16, 2012 (edited) Small World. Good old cousin Mauro, my grandmother's cousin, used to be Chairman Of The Board at #11. I hope these doesn't put him off his truffle hunts. http://www.businessi...ult-2012-6?op=1 Edited June 16, 2012 by lannarebirth Link to comment Share on other sites More sharing options...
churchill Posted June 16, 2012 Share Posted June 16, 2012 Sorry naam .. NOT taken from 'old 'quotes .. I don't make things up ...and I don't suspect does Bloomberg .. most of the quotes originated 8-10 days ago. whether some shitty social network regurgitates and rechews them is of no consequence. period! Hormones Naam ..... Calm down .. Link to comment Share on other sites More sharing options...
Naam Posted June 16, 2012 Share Posted June 16, 2012 Sorry naam .. NOT taken from 'old 'quotes .. I don't make things up ...and I don't suspect does Bloomberg .. most of the quotes originated 8-10 days ago. whether some shitty social network regurgitates and rechews them is of no consequence. period! Hormones Naam ..... Calm down .. i'm very calm Churchill, no matter what bullshit is posted. nearly four years of mostly irrelevant comments concerning "gloom around the corner" don't give me an erection what is more important than rehashing "Merkel said this, Merkel said that" are tomorrow's election in Greece. i was expecting some interesting discussion but, as so often, i had to find out that important events seem to be a non-event for the resident experts except perhaps... a few yewtoob links or copying and pasting the wisdom of "internationally renowned and respected eggsburts". a real pity! Link to comment Share on other sites More sharing options...
churchill Posted June 16, 2012 Share Posted June 16, 2012 (edited) Sorry naam .. NOT taken from 'old 'quotes .. I don't make things up ...and I don't suspect does Bloomberg .. most of the quotes originated 8-10 days ago. whether some shitty social network regurgitates and rechews them is of no consequence. period! Politicians keep on repeating the same old rubbish ......on a daily basis ..if they don't want to be quoted. .zip.... period! Greek elections .. debate .. It will probably turn out as millenniumbug part 2 ... Everyone fears the worst .. but in the end the world carries on .. If you want an interesting discussion .. start one without talking about erections Edited June 16, 2012 by churchill Link to comment Share on other sites More sharing options...
mccw Posted June 16, 2012 Share Posted June 16, 2012 Osborn offered up more moneys for banks just before this Greek election weekend and merv onside together saying they "are not powerless" in the face of euro storm. What you you all make of this? Playing the current game I think maybe a good move for Britain. Show can take pro active action Before the SHTF so strong place mentally for markets to keep faith in. But this hole house of cards is coming down soon I think; maybe more sticking plasters keep it going another few months but it's all coming down certainly- I don't see any viable solution other than a reset. Naam I saw a few posts back said he no longer held any paper representations of gold- moved to purely physical. I'm surprised none of you picked up on this. Does this mean the mighty naam thinks the collapse is round the corner too? In your move I think you show and know its coming but maybe still don't want to accept your profitable paper trading games, that have served you well for so long, could be about to come to an end! Link to comment Share on other sites More sharing options...
Naam Posted June 16, 2012 Share Posted June 16, 2012 Osborn offered up more moneys for banks just before this Greek election weekend and merv onside together saying they "are not powerless" in the face of euro storm. What you you all make of this? Playing the current game I think maybe a good move for Britain. Show can take pro active action Before the SHTF so strong place mentally for markets to keep faith in. But this hole house of cards is coming down soon I think; maybe more sticking plasters keep it going another few months but it's all coming down certainly- I don't see any viable solution other than a reset. Naam I saw a few posts back said he no longer held any paper representations of gold- moved to purely physical. I'm surprised none of you picked up on this. Does this mean the mighty naam thinks the collapse is round the corner too? In your move I think you show and know its coming but maybe still don't want to accept your profitable paper trading games, that have served you well for so long, could be about to come to an end! -that i abandoned paper gold is an old story, documented either in this or the gold thread nearly 1½ years ago. -"moved" to physical is a wrong assumption. "increased" physical is correct. -i don't believe in any long term collapse for many years to come but do not rule out a temporary collapse. -of course i don't accept that paper trading, or rather investing, will come to an end. there will always be paper investing and paper used between two parties because globalised economies cannot go back to stone age bartering. -anybody who thinks physical gold can replace paper is a dreamer. -anybody who thinks that fiat currencies can be replaced by gold-backed currencies lacks the ability of basic logical thinking because that would mean again "paper" without any proof that the backing exists. -anybody who thinks that investing in other assets than physical gold is a "game" proves that he possesses a wealth of "no bloody idea". Link to comment Share on other sites More sharing options...
mccw Posted June 16, 2012 Share Posted June 16, 2012 Naam - younger folks use the term "game" more loosely than what your generation did maybe, or maybe just you? "game" can be any tactical play, be it life, woman or business related. I think a major revaluing event will take place within the next couple of years. Most "paper" will loose a lot if not all value and will in time be replaced with new paper representations of the physical assets for ease of trade. What I'm getting at though is that physical assets like land, property, PMs etc will not disappear completely and still hold decent value after the event. But ETF gold or bust companies or cash numbers on screens may well disappear entirely. My play is on a variety of physical assets, most income producing. I think "investing" in paper right now is a fools game and think you two cocksure so great masters are do pleased with yourselves with the run you've had that you don't want to accept the numbers in front of your face , it's totally unsustainable. You put everyone down who challenges your dream world or who talks of sensible ways to protect wealth though the coming storm as some kind of gullible fools, but it is you who can't accept what is happening. Bored of all the bitching on these threads. You and Yoshi are worst. Thanks for all the links from everyone, a broad spectrum is the best way to analyse what happening not narrow either way. Keep it coming. Link to comment Share on other sites More sharing options...
Naam Posted June 17, 2012 Share Posted June 17, 2012 I think "investing" in paper right now is a fools game and think you two cocksure so great masters are do pleased with yourselves with the run you've had that you don't want to accept the numbers in front of your face , it's totally unsustainable. you Sir Know-it-all cum big-mouth forecaster of the future have no freaking idea how much of my assets are in paper and how much are in tangible and income producing assets. next thing you might come up with is a claim that you know what i had today for breakfast and which one of my dogs pooed already. Link to comment Share on other sites More sharing options...
churchill Posted June 17, 2012 Share Posted June 17, 2012 Interesting thought .. could the victory in the football encourage more people to vote for SYRIZA ..... I can see for many it may ... It was strange seeing pictures of the local polling stations on BBC .. for the 1st 2 hours or so they seemed deserted . I always assumed that they would vote to stay in the euro ie New Democracy’s .. Samaris but perhaps last nights football result will have an influence .. see ..http://azizonomics.com/2012/06/17/will-tsipras-blow-up-europe/ Link to comment Share on other sites More sharing options...
yoshiwara Posted June 17, 2012 Share Posted June 17, 2012 But ETF gold or bust companies or cash numbers on screens may well disappear entirely. I think "investing" in paper right now is a fools game and think you two cocksure so great masters are do pleased with yourselves with the run you've had that you don't want to accept the numbers in front of your face , it's totally unsustainable. You put everyone down who challenges your dream world or who talks of sensible ways to protect wealth though the coming storm as some kind of gullible fools, but it is you who can't accept what is happening. Bored of all the bitching on these threads. You and Yoshi are worst. Thanks for all the links from everyone, a broad spectrum is the best way to analyse what happening not narrow either way. Keep it coming. Don't be daft. Or are you also investing in candles and torches? Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 I think "investing" in paper right now is a fools game and think you two cocksure so great masters are do pleased with yourselves with the run you've had that you don't want to accept the numbers in front of your face , it's totally unsustainable. you Sir Know-it-all cum big-mouth forecaster of the future have no freaking idea how much of my assets are in paper and how much are in tangible and income producing assets. next thing you might come up with is a claim that you know what i had today for breakfast and which one of my dogs pooed already. Naam knickers in a twist pressing some rectal nerve ; ouch 55 I'm just giving you a bit of jip because I got bored with having to sift through all your boring <deleted> between links. "not this shit again" yawn , naam still cracking him self up with the same joke over and over and over again. This is the financial crises thread- for discussing thoughts on the financial crises and debating related investment strategy; so I throw out mine; why don't you try debating some time instead of always talking about dog poo n rubbish Link to comment Share on other sites More sharing options...
Naam Posted June 17, 2012 Share Posted June 17, 2012 people who drink their bottle of Chang on the steps of a 7/11 are quite boring. that applies especially to those who claim that they paid for the Chang with nuggets and repeatedly call 99.9% of investors idiots because these idiots invest in "worthless paper" and pay for their wine with "worthless fiat money". then there are other big mouths who make similar "fiat = idiot" claims, rave about their gold holdings and gold trading and at the same time boast in another TV thread that they have saved a few hundred Baht (LAWD have mercy! ) paying for one "measly" aircon unit by a special credit card, spread over several months because "that sure helps the budget". and when their attention is drawn to facts they resort to "mummy, mummy bad naam has put me down again!" yawnnnnnn... Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 But ETF gold or bust companies or cash numbers on screens may well disappear entirely. I think "investing" in paper right now is a fools game and think you two cocksure so great masters are do pleased with yourselves with the run you've had that you don't want to accept the numbers in front of your face , it's totally unsustainable. You put everyone down who challenges your dream world or who talks of sensible ways to protect wealth though the coming storm as some kind of gullible fools, but it is you who can't accept what is happening. Bored of all the bitching on these threads. You and Yoshi are worst. Thanks for all the links from everyone, a broad spectrum is the best way to analyse what happening not narrow either way. Keep it coming. Don't be daft. Or are you also investing in candles and torches? My parents always kept lots of candles, torches, etc, food for 2-4 weeks and such in case of adverse weather- power cuts, snowed or iced in ; has happened several times. Always best to be prepared. I was travelling / living abroad for 10 + years so didn't maintain the policy of preparedness. But now I have my own family and little ones to think about. I make the nest in much the same way except now I keep around 6 months food in case of disruption to the global supply chains for whatever reason. Plus I've positioned my investments so I preserve what wealth I can and maintain some good income whatever way this crises unfolds. Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 people who drink their bottle of Chang on the steps of a 7/11 are quite boring. that applies especially to those who claim that they paid for the Chang with nuggets and repeatedly call 99.9% of investors idiots because these idiots invest in "worthless paper" and pay for their wine with "worthless fiat money".then there are other big mouths who make similar "fiat = idiot" claims, rave about their gold holdings and gold trading and at the same time boast in another TV thread that they have saved a few hundred Baht (LAWD have mercy! ) paying for one "measly" aircon unit by a special credit card, spread over several months because "that sure helps the budget". and when their attention is drawn to facts they resort to "mummy, mummy bad naam has put me down again!" yawnnnnnn... You must be confusing me with someone else Naam. I don't drink or have any air con. Don't really need it in England. The aircon that is. Drink does help with the weather, but not with the brain. Contributes to memory loss don't you know. Link to comment Share on other sites More sharing options...
yoshiwara Posted June 17, 2012 Share Posted June 17, 2012 But ETF gold or bust companies or cash numbers on screens may well disappear entirely. I think "investing" in paper right now is a fools game and think you two cocksure so great masters are do pleased with yourselves with the run you've had that you don't want to accept the numbers in front of your face , it's totally unsustainable. You put everyone down who challenges your dream world or who talks of sensible ways to protect wealth though the coming storm as some kind of gullible fools, but it is you who can't accept what is happening. Bored of all the bitching on these threads. You and Yoshi are worst. Thanks for all the links from everyone, a broad spectrum is the best way to analyse what happening not narrow either way. Keep it coming. Don't be daft. Or are you also investing in candles and torches? My parents always kept lots of candles, torches, etc, food for 2-4 weeks and such in case of adverse weather- power cuts, snowed or iced in ; has happened several times. Always best to be prepared. I was travelling / living abroad for 10 + years so didn't maintain the policy of preparedness. But now I have my own family and little ones to think about. I make the nest in much the same way except now I keep around 6 months food in case of disruption to the global supply chains for whatever reason. Plus I've positioned my investments so I preserve what wealth I can and maintain some good income whatever way this crises unfolds. I remember during the 3-day week under Ted Heath's government there were power cuts and an actual shortage of candles to purchase. My father discovered that there were an unlimited supply in the Low Countries and brought back a few. Fond memories of the past. What you may see as prudent now I would probably regard as over the top. Stacking tins in the basement is harmless enough. However when fear of the future is at its height this is a good time to enter the market IMHO. Unless you really think the kids will be dining out on spam for the next few years. Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 But ETF gold or bust companies or cash numbers on screens may well disappear entirely. I think "investing" in paper right now is a fools game and think you two cocksure so great masters are do pleased with yourselves with the run you've had that you don't want to accept the numbers in front of your face , it's totally unsustainable. You put everyone down who challenges your dream world or who talks of sensible ways to protect wealth though the coming storm as some kind of gullible fools, but it is you who can't accept what is happening. Bored of all the bitching on these threads. You and Yoshi are worst. Thanks for all the links from everyone, a broad spectrum is the best way to analyse what happening not narrow either way. Keep it coming. Don't be daft. Or are you also investing in candles and torches? My parents always kept lots of candles, torches, etc, food for 2-4 weeks and such in case of adverse weather- power cuts, snowed or iced in ; has happened several times. Always best to be prepared. I was travelling / living abroad for 10 + years so didn't maintain the policy of preparedness. But now I have my own family and little ones to think about. I make the nest in much the same way except now I keep around 6 months food in case of disruption to the global supply chains for whatever reason. Plus I've positioned my investments so I preserve what wealth I can and maintain some good income whatever way this crises unfolds. I remember during the 3-day week under Ted Heath's government there were power cuts and an actual shortage of candles to purchase. My father discovered that there were an unlimited supply in the Low Countries and brought back a few. Fond memories of the past. What you may see as prudent now I would probably regard as over the top. Stacking tins in the basement is harmless enough. However when fear of the future is at its height this is a good time to enter the market IMHO. Unless you really think the kids will be dining out on spam for the next few years. It depends where you see bottom. You think we are about there already? "Fear at its height" I think we've barely begun the decent and up to now the policies have just delayed the crash and magnified the eventual effect it will have when it does come. I'll try to gauge it and probably move some PMs to property and clear loans if interest rates shoot up etc + maybe even add a % equities if I think it's stabilised enough, for sure there is great opportunity to be had; but right now I think that point is a way off. The crash needs to come first. Link to comment Share on other sites More sharing options...
manarak Posted June 17, 2012 Share Posted June 17, 2012 French election results: socialist majority (>50%) in parliament. I expect the EUR to plunge. When are the Greeks due? Link to comment Share on other sites More sharing options...
MrRealDeal Posted June 17, 2012 Share Posted June 17, 2012 about 2 hours , as of now it looks like the new demo's have a slight lead Link to comment Share on other sites More sharing options...
manarak Posted June 17, 2012 Share Posted June 17, 2012 about 2 hours , as of now it looks like the new demo's have a slight lead Even if the pro-bailout parties win in Greece, Hollande could make everything blow up, because he is in favor of erasing Greece's debt almost for free. French socialists traditionally have strong affinities with the PIIGS (except Ireland). Then come Spain and Portugal... Italy... Link to comment Share on other sites More sharing options...
MrRealDeal Posted June 17, 2012 Share Posted June 17, 2012 Well EVENTUALLY the markets will blow up as you put it , but for monday it's down if the crazy commie guy wins and a relief rally if he doesn't. Link to comment Share on other sites More sharing options...
manarak Posted June 17, 2012 Share Posted June 17, 2012 Well EVENTUALLY the markets will blow up as you put it , but for monday it's down if the crazy commie guy wins and a relief rally if he doesn't. I'm not so sure about an EUR rally... Link to comment Share on other sites More sharing options...
MrRealDeal Posted June 17, 2012 Share Posted June 17, 2012 We can discuss on tews who was right Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 I'll throw my prediction in: Rally for about a couple of hours before they remember there's still a great big debt donkey still standing behind the fan Link to comment Share on other sites More sharing options...
MrRealDeal Posted June 17, 2012 Share Posted June 17, 2012 Well that's what should happen , but the govs are going to throw another pile of cash into the world and hope it works , so until it's spent markets will rally and form a new bubble. Crazy I know but it's what happens when their is a large joint effort to throw money at the world. Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 Like feeding the donkey ; puts a smile on his face But sooner or later it's gunna need a shit Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 Does a short term rally really matter? Maybe a buying opportunity for physical PMs I'll take But no way I'd try and guess the paper wave Link to comment Share on other sites More sharing options...
MrRealDeal Posted June 17, 2012 Share Posted June 17, 2012 It matters if you trade it sure Link to comment Share on other sites More sharing options...
mccw Posted June 17, 2012 Share Posted June 17, 2012 Yeah sure But only if you protect the created wealth in time before the real crash. If its just making a few more bucks to gamble on the next cliff edge and it all goes to hell then you'll be left with the same zero to nothing's. Link to comment Share on other sites More sharing options...
Naam Posted June 17, 2012 Share Posted June 17, 2012 Well EVENTUALLY the markets will blow up as you put it , but for monday it's down if the crazy commie guy wins and a relief rally if he doesn't. I'm not so sure about an EUR rally... the "crazy commie" did not win. EURUSD >1.27 p.s. unfortunately nobody won Link to comment Share on other sites More sharing options...
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