By: pegasus2203
5/11/2009
10:09 pm Yahoo! Profile:
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pwaldons
I don't like you attack people that way. |
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By: pegasus2203
5/11/2009
10:00 pm Yahoo! Profile:
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Hello Menta,perception_now and Ang!
I enjoy reading your quaulity post .
I don't know if you have watched tonight's ABC 8:30pm program "Addicted to Money" such a good one.
I would like to tell everyone to keep watch it next Thursday(part II) and the week after(partIII) |
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By: pwaldons
5/11/2009
8:43 pm |
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By: ang101000
5/11/2009
8:21 pm Yahoo! Profile:
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Oh Akdoc,
I really-really hope that you get well :).
Thank you very much for your prompt answer. I will not ask questions (for now) but please keep me informed about your health.
If you like any books (to read during recovery) I would be happy to provide links.
All the best for now,
Angela |
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By: hdmausguy
5/11/2009
6:58 pm Yahoo! Profile:
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| Gold - Nov 2008 $730oz USD, Nov 2009 $1090oz USD a gain of 49%. How many properties have had a 49% gain in the last 12 months? My prediction Nov.2010 GOLD $2000oz + USD. Gold is only decoupling from the main manipulators(thus the new record high) of all the financial markets,the US FED RESERVE & THE UK CENTRAL BANKS & LME(London Metals exchange).These 2 are the prime culprits for this GFC. There's a lot more to unfold yet.It will go on into next year & for years after that. We have the Ron Paul Sponsored US senate enquiry into the FED to start,audits of Fort Knox(last done in 1968)& other large bullion banks on fears of massive gold shortfalls due to multi selling of the same gold? The biggest problems are lack of transparency & accountability,look at our own reserve bank? Absolute power corrupts etc. The long term manipulation of gold & silver etc has seen it fall well below it's correct true value. A few gold an.al.ysts have put forward an inflation adjusted price of $2650oz USD. A good example of how gold has fallen behind is by comparing golds purchasing power in 1965 on a new fibro project home in western sydney to that same home now(Personal knowledge post divorce) Gold in 1965 was $54oz(adjusted for pounds {L S D} House was $6,000 & needed 111oz gold. That same house now worth $350,000. 111oz x $1090(09 price) = $121,000. A massive $229,000 shortfall = 189%. &/or $350k/111oz = House based gold value per oz = $3153. Gold and precious metals are only playing long overdue catchup. |
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By: warren_b96
5/11/2009
5:57 pm Yahoo! Profile:
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Well now, I AM confused. Just when I thought Mentawaisurf had changed his mind about NAB and the other banks, I find out he thinks the banks are CASINOs!!!! Why would he want us to spend our savings at a CASINO??? Do you think he might secretly own shares in these "casinos" and wants to increase their worth by telling us to deposit our money there?
Well, all I can say is that this is all very peculiar. |
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By: pwaldons
5/11/2009
5:44 pm |
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By: firefly_au
5/11/2009
5:35 pm Yahoo! Profile:
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Hi Menta :)
"As I said, it may be close but over coming weeks the resumption of the underlying bear market trend should become apparent to everyone. And If I do fall short, unlike many on this blog, including yourself, I won't ressurect myself as another fake alias."
You may well be right - but heck your fortune telling skills could be as faulty as mine!
So Mate couldn't you just admit you were wrong (if you are) and hope to learn something useful from others on the blog rather than abandon ship like whipped sea dog with your tail between your legs "never to return"? I for one would like you to stick around. As you at least present your arguments well rather than resorting to ridicule and abuse!
BYE :) |
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By: mentawaisurf
5/11/2009
5:32 pm Yahoo! Profile:
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pwaldons, you're sincerity is touching. As I've said, while banks around the world, and yes even here in Australia, will falter our government will support and keep at least our big-4 banks operating through the tumultuous times ahead.
So warren, pete, ecchi, dave or whatever you are calling yourself, I've answered your question. Now answer mine. How many aliases do you go by? |
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By: warren_b96
5/11/2009
5:25 pm Yahoo! Profile:
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| Thank you Pwaldans!!! How did you do it? You must have the touch! I was going to test my luck by asking Menta how long the deflationary cycle would last but nah.... Not worth it. |
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By: glh40
5/11/2009
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| the NAB I thought so...great to hear your thoughts in case I was missing something cheers. |
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By: pwaldons
5/11/2009
4:51 pm Yahoo! Profile:
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| Thank you Menta!!! Did everyone read that?? Menta says sell everything and put the money in the bank! Yes, yes, I know - he has told us constantly that the banks were going down. Anyway, I presume he is suggesting we put our money in the bank until he tells us otherwise and then he will probably advise us to bury it in our backyard. No wait a minute, we won't have any backyards because we will have sold our houses. We'll have to bury our money in the bush somewhere. I might buy shovel futures... |
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By: mentawaisurf
5/11/2009
4:43 pm Yahoo! Profile:
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Where should we put the money?
All you had to do was ask nicely. This is for pwaldons and those who are genuinely concerned. While there still remain some more sophisticated ways of preserving one's wealth during the coming deflation, about the only asset that will assuredly increase in value (purchasing power) during deflation is cash. Considering that our banks have a government (read taxpayer) guarantee on all bank deposits until Oct. 2011, then that's a good place to start. Spread your deposits over several accounts if they are over $1m (or better still $100,000 as the insurance premium and covered deposit amounts may change as the sh#t hits the fan). Stick with the big-4 banks only (the government will keep them operating no matter how many other banks fail around the world).
Also, with banks factoring in interest rate rises moving forward, you can now get a decent term deposit rate of 4-5%. Don't forget, for example; if inflation is running at say only 1% and you've locked into a TD getting 4%, that's equivalent to getting 7% return with inflation running at 4%. It's all relative.
But why run to the safety of cash when the markets are soaring? Well, yes the markets have soared and we've all enjoyed the ride. There may even be some more upside to come, but you have little to lose by taking profits, cashing out and retreating to the safety of an assured fixed income with a government guarantee on your capital. Then you can contently re-evaluate to see if this supposed economic recovery, that's already been priced into markets, really does have legs or is it all built on 'great expectations' that would come crashing down once reality hits. Given the odds show minimal upside potential but huge downside risks, the decision is not a difficult one.
But the best part is when we finally near the bottom of the deflation in a few years time. The prudent few who have preserved their wealth will be presented with once-in-a-lifetime buying opportunities. |
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By: pwaldons
5/11/2009
4:40 pm Yahoo! Profile:
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Nope. Didn't work. Maybe I worded it wrong. Let me try another way:
Where do we put the money? |
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By: mentawaisurf
5/11/2009
4:37 pm Yahoo! Profile:
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| Well warren, pete, ecchi, dave or whatever you are calling yourself (just what is your preferred blog name now?) - it's not rocket science! |
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By: pwaldons
5/11/2009
4:31 pm Yahoo! Profile:
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Warren, maybe he hasn't answered your question because he doesn't like you. Here, let me try a different tack:
Where do we put the money? |
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By: warren_b96
5/11/2009
4:25 pm |
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By: warren_b96
5/11/2009
4:18 pm Yahoo! Profile:
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| Where do we put the money? |
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By: mentawaisurf
5/11/2009
3:53 pm Yahoo! Profile:
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How noble, and coming from a fake with too many aliases to remember.
I trust you'll deliver similar vitriol to the pundits, economists, financial advisors and media (who recently recommended investors get back into markets) when markets crash again? |
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By: warren_b96
5/11/2009
3:27 pm |
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By: warren_b96
5/11/2009
3:04 pm Yahoo! Profile:
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| Where should we put the money? |
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By: mentawaisurf
5/11/2009
3:01 pm Yahoo! Profile:
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warren, ecchi and your other aliases too many to mention; i stand by my call. A fall of about 30% from here in about 7 weeks. Markets have done that in a matter of days before, but this time it could take a few months. It may be tight but it won't be boring!
I made such a bold claim over a month ago to emphasize the importance of taking caution as we neared the end of this major degree bear market rally. That was my 'genuine' attempt to warn everyone that, unlike what we hear from the pundits, economists and financial advisors who have been recommending to get back in the market, that the worst is actually not over.
At least I hope my warnings gave some pause to reconsider the one-sided reporting that we have been conditioned to believe and that markets have already priced in. As I said, it may be close but over coming weeks the resumption of the underlying bear market trend should become apparent to everyone. And If I do fall short, unlike many on this blog, including yourself, I won't ressurect myself as another fake alias. |
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By: glh40
5/11/2009
2:52 pm Yahoo! Profile:
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Gold Market Reaching The Breaking Point
FOR THE GOLD COMMUNITY OUTTHERE AND THOSE WHO WANT THE FACTS....An excellent Summary and reaserch from Eric......
Close any gaps in url...;)
http://www.marketskeptics.com/2009/10/gold-market- reaching-breaking-point.html |
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By: glh40
5/11/2009
2:06 pm Yahoo! Profile:
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- Where should I put my money??????
warren: has a good point that needs answering as others have shown their cards ...don't tell me put your stash in the NAB ...lol..
Every Dog has it's day ...just watch as Gold Eats everones Lunch...a Top indeed Ha Ha Ha... Deflationists have for the last 10yrs that I know of have said that it was going to $199 So at what price is your Top ? You indicated $800 plus a while back ..now Harrods ...lol
A New world order is coming Totally different from this banking model we use......GOLD will play a Major roll .....buy a bar while you can afford one as the WW/devaluations will shock you... |
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By: warren_b96
5/11/2009
1:53 pm |
Message deleted. |
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