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http://www.telegraph.co.uk/finance/p...ince-2009.html
Gee, i wonder if BOA could find me a buyer?
Mike
Gee, i wonder if BOA could find me a buyer?
Mike
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Re: SEll your GOLD...NOW!!!!
no thank you. -
Re: SEll your GOLD...NOW!!!!
If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed.-- Mark TwainComment
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Re: SEll your GOLD...NOW!!!!
Amplified noise is still noise.-- PianodoctorComment
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Re: SEll your GOLD...NOW!!!!
A Greece de-fault means a hit to French banks, and U.S. money-market funds have taken cheap money (at a cost of about 1% interest paid to depositors) and have invested that money in Europe, particularly in French banks to earn a higher rate of return. The French banks then took the money from the carry-trade from U.S. money-market funds and U.S. bank CDs and re-invested that money in Greece to earn a higher rate of return in Euros.
All this means is that money is going to have to be printed, either by the Central Bank of the EU or by the U.S. Federal Reserve to bail-out Greece. Maybe both central banks will have to print together, in a print-a-thon. And that means more bubbles ahead, not only in Greece but in the rest of the PIIGS. More bubbles ahead from a convenient bail-out now would imply more bail-outs in the near future.
Hence, gold and silver remain strong. The print-a-thon is on. Plus, new bubbles are being blown in the United States, for example in Palo Alto, California where homes are now selling for well over their asking price. In Las Vegas, investors are moving in from abroad and buying ten homes at a time. Russians are buying Chicago, Argentinians and Brazilians are investing in Miami, and Canadians are buying Phoenix, San Diego, and L.A. real estate.
So the central banks have learned nothing from the Great Recession except to print, re-inflate their bubbles, and bail-out everything as required.... The bail-out of municipal bonds in America may be next. The bail-out of California may then follow. The U.S. stock market is already being supported by Bernanke. The bond market is being bought by Bernanke. The print-a-thon is on..... What's different now than in the past? Like with a car stuck in snow, the driver spins the wheels faster, and the car sinks deeper into the snow.
Precious metals are over-bought now, but they remain over-bought for good reason.Last edited by Starving Steve; June 16, 2011, 03:34 PM.Comment
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Re: SEll your GOLD...NOW!!!!
They learned they can get away with it.Originally posted by Starving Steve View Post
They can bail out their banking friends, move the private losses onto the public debt, then move into senior jobs at private banks where they make a tidy fortune.Comment
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Re: SEll your GOLD...NOW!!!!
And buy what?
USD?? bha ha ha ha
Stocks bha ha ha ha.
Bonds lol
if i could i would take delivery of WTI.Comment
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Re: SEll your GOLD...NOW!!!!
If i have a lot of money funds, what should I do?
switch to treas only? I know everyone hates t's but the man has a printing press. They can be inflated to zero, but
will retain their nominal value. Other currencies may lose both nominal and purchasing power.
switch to muni money fund. We all know a train wreck is coming there too.Comment
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Re: SEll your GOLD...NOW!!!!
what you describe as investors buying houses is the dollar tsunami flowing back to USA. competition to sell dollar is now on ----> very high inflationComment
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Re: SEll your GOLD...NOW!!!!
I bought a little gas in gallons at mygallons.com as hedge. bought only little because it does not protect against non-availability of Oil or protect form any default of mygallons.Originally posted by charliebrown View Post
Also you don't need to pay tax since it is consumed gas.Comment
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MyGallons.com
I quickly looked at mygallons.com
They get all the cash to hold for many months, then are expected to pay out to you at some time in the future. Assuming that energy costs are more & more a concern, the number of people signing up each month could be a rising exponential.
The risk is that this is a Ponzi Scheme, and whether they can continue to invest your money at a higher rate than the inflation in energy prices.
Can't you do that investing directly yourself, without paying their fee?
Will they give you back the money when you ask, or will there be bureaucratic red tape & excuses?
Only time will tell.
For me, I have decided to stay far away from mygallons.comComment
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Re: SEll your GOLD...NOW!!!!
And where were these geniuses four or five years ago? They were probably spouting their spittle about gold being overvalued and that "serious investors" would continue to buy "good stocks" for the "long haul".
The odds are overwhelming that gold will (a) sell-off and bottom between $1,365 and $1,440 per ounce, or (b) dip again but not be able to sustain closes below $1,500 - 1,510, and then blow out to the upside. Those are the realistic risk parameters.
I don't think I'll be selling any of mine.Comment
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Re: MyGallons.com
if they are buying gasoline futures or anything similar, it is not a ponzi, I think.
I stated my reservations earlier, but just did some because I don't want to store.Comment
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Re: SEll your GOLD...NOW!!!!
I dont think EJ realized it, but he timed his SILVER BUY and SELL perfectly with this GOLD::Silver ratio cycle.
http://www.readtheticker.com/Pages/B...onaire-2011-05
This is readtheticker.com silver chart (SLV), showing the same signals as Chartworks !
SLV_readthetickercomVSchartworks001.jpgComment
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