By: perceptions_now
24/10/2009
1:40 pm Yahoo! Profile:
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1) Gold is not only seen as a safe haven, it goes up on bad news and as you know there is a lot of that around. It also goes up on inflation, political unrest/uncertainty, wars, rising oil prices, other commodities such as copper and silver and now China telling it's citizens to buy gold.
2) So does one just say Oh gee, I don't want to take any chances with my money?
I'm not suggesting to do a Crazyfool and grab a bag full of the most speculative stuff you can find or do a Buffett and buy something and hold it till you croak but there is a happy medium and I think gold fits in that space.
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bruke,
1) Agreed, Gold is seen as a haven from many events!
2) That's a little more dependent on the individual perspective of where they are, where they think they want to go, how much time they have available and how much luck goes their way?
IF ANYONE TELLS YOU THEY HAVE IT ALL FIGURED OUT, THEY HAVE ALL THE ANSWERS, then you tell them they are simply ignorant of all of the facts, to put it in a nice manner!
Alternatively, you just tell them to go F??? themselves! |
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By: professor.inglis
24/10/2009
1:37 pm Yahoo! Profile:
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"Starting in 1929, the world would witness one of the greatest economic downturns ever recorded. Originating in the United States, the Great Depression began in late October with an unprecedented stock market crash. How could a twentieth century economy nearly collapse? The Great Depression provides an example of falling markets and widespread poverty. However, one significant outlier existed in the market at the time: gold industry. Exemplified through a brief analysis of Homestake Mining, gold industry stocks experienced extraordinary gains in share price and dividend payouts."
"Homestake stock sold for about $65 per share in 1929. By 1933, the average stock price for Homestake was around $370. This represents a gain of more than 450% over the course of four years. The Dow Jones Industrial Average fell 89% over the three years between its 1929 peak to its 1932 bottom. Not only did stock prices increase for Homestake, but dividends also skyrocketed. In 1929, Homestake paid dividends of about $7 per share. By 1935, dividends had increased to $56, a staggering rate of 800% over six years. During these deflationary times, gold stocks not only retained their values but provided significant returns for investors."
http://www.ezinearticles.com/?Gold-Stocks-and-Gold -Price-During-the-Great-Depression&id=2658565
and I am not bruce |
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By: perceptions_now
24/10/2009
1:31 pm Yahoo! Profile:
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Yes, but do I put my money in a bank? Pun intended
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bruke,
A dilemma here, a dilemma there, dilemma's everywhere? |
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By: chris_1991_h
24/10/2009
1:05 pm |
Message deleted. |
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By: brukevlay
24/10/2009
1:01 pm Yahoo! Profile:
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Perceptions,
Gold is not only seen as a safe haven, it goes up on bad news and as you know there is a lot of that around. It also goes up on inflation, political unrest/uncertainty, wars, rising oil prices, other commodities such as copper and silver and now China telling it's citizens to buy gold.
So does one just say Oh gee, I don't want to take any chances with my money?
I'm not suggesting to do a Crazyfool and grab a bag full of the most speculative stuff you can find or do a Buffett and buy something and hold it till you croak but there is a happy medium and I think gold fits in that space. |
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By: jasonhardy1000
24/10/2009
12:54 pm |
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By: brukevlay
24/10/2009
12:50 pm Yahoo! Profile:
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| Another fool. Another non-learner. This place is crowded with creepers and fools. |
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By: jasonhardy1000
24/10/2009
12:45 pm |
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By: brukevlay
24/10/2009
12:42 pm Yahoo! Profile:
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"Finally, whilst Gold could live up to its reputation as a safe haven, I must say there are no guarantees in life!"
Yes, but do I put my money in a bank? Pun intended. |
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By: perceptions_now
24/10/2009
12:18 pm Yahoo! Profile:
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Bank Failure Update -
As can be seen the FDIC has updated their information, pushing this weeks tally to 7 seized banks.
Link -
http://www.fdic.gov/bank/individual/failed/banklis t.html |
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By: perceptions_now
24/10/2009
12:06 pm Yahoo! Profile:
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If this is sort of true, then why not put your money into resources, gold, Australia, China, ...
anywhere but a bank exposed to the US?
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prof,
Again, you need to make your own decisions, given your circumstances!
That said and whilst I agree with your comment about exposure to US banks, just remember where OZ banks gets a fair portion of their funds from these days?
And, before you go racing off into resources, think what may happen, if the real situation of the US financial sector does bubble to the surface?
Finally, whilst Gold could live up to its reputation as a safe haven, I must say there are no guarantees in life! |
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By: perceptions_now
24/10/2009
11:56 am Yahoo! Profile:
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Good grief, how about you say or predict what will happen so we can all retire sooner??
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prof,
You can make your own decisions, I have already retired, 12 months ago! |
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By: professor.inglis
24/10/2009
11:28 am Yahoo! Profile:
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| Good grief, how about you say or predict what will happen so we can all retire sooner?? |
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By: sushiboy_00000
24/10/2009
11:24 am |
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By: professor.inglis
24/10/2009
11:06 am Yahoo! Profile:
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RE: "Were it not for accounting rule changes, most US banks, including the very largest, would now be under water!"
If this is sort of true, then why not put your money into resources, gold, Australia, China, ...
anywhere but a bank exposed to the US? |
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By: perceptions_now
24/10/2009
10:43 am Yahoo! Profile:
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U.S. Bank Failures Exceed 100 for Year, First Time Since 1992
Oct. 23 (Bloomberg) -- U.S. regulators closed more than 100 banks in a single year for the first time since 1992, signaling the financial crisis hasn't abated for lenders struggling with mounting losses tied to commercial real estate.
Four banks, one in Georgia and three in Florida, were shut today, according to the Federal Deposit Insurance Corp., pushing this year's total to 103. That's the most since the savings-and- loan crisis led regulators to shutter 179 institutions in 1992.
The number of bank closings would likely be higher this year if the FDIC's fund wasn't depleted and if the agency had more bank examiners, RBC's Cassidy said. The agency shrank under President George W. Bush before adding employees in the Obama administration. The FDIC has about 6,000 employees now, compared with 21,000 during the savings-and-loan crisis in 1991, he said.
'Zombie Banks'
"We certainly know there are hundreds and hundreds of zombie banks out there," Cassidy said. "The only alternative for them is to be seized and it's only a matter of manpower and money before they get to it."
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=aH5zMGqpNWHI
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Since this report, two further banks were seized, taking the total to 6 for this week and 105 YTD.
Were it not for accounting rule changes, most US banks, including the very largest, would now be under water!
Following is the FDIC site showing the full, updated list.
http://www.fdic.gov/bank/individual/failed/banklis t.html |
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By: professor.inglis
18/10/2009
6:11 pm Yahoo! Profile:
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| Even I might believe it if I say it enough... and at least the rant went quiet for a few minutes... ok? |
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By: perceptions_now
18/10/2009
5:55 pm Yahoo! Profile:
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RE: I am seriously beginning to form the opinion that gold will be the new USD - and oil and gas and maybe uranium will be priced in gold - in part because no country can trust another country not to crank up the printing presses eg "vs full faith of the US government"
You should be also seriously looking for low cost of production, long life, low risk gold mining companies which have not forward sold next years production etc etc...10,000 disclaimers and more...
What this further implies is that traditional banks need to change fast. For example, in China, ordinary people can hold RMB, USD, AUD, HKD etc in one bank account. Soon they will likely be able to hold GOLD at the post office/local bank, and maybe silver, so that they dont have to have gold at home or "under the mattress" so to speak. " another 10,000 disclaimers...
I cant tell you how hard it is in OZ to deal with financial institutions!! 3 disclaimers
Any views here too please?
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prof,
Got a bad bit of reflux there, your statements are coming back up, again! |
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By: professor.inglis
18/10/2009
5:44 pm Yahoo! Profile:
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RE: I am seriously beginning to form the opinion that gold will be the new USD - and oil and gas and maybe uranium will be priced in gold - in part because no country can trust another country not to crank up the printing presses eg "vs full faith of the US government"
You should be also seriously looking for low cost of production, long life, low risk gold mining companies which have not forward sold next years production etc etc...10,000 disclaimers and more...
What this further implies is that traditional banks need to change fast. For example, in China, ordinary people can hold RMB, USD, AUD, HKD etc in one bank account. Soon they will likely be able to hold GOLD at the post office/local bank, and maybe silver, so that they dont have to have gold at home or "under the mattress" so to speak. " another 10,000 disclaimers...
I cant tell you how hard it is in OZ to deal with financial institutions!! 3 disclaimers
Any views here too please? |
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By: professor.inglis
18/10/2009
5:30 pm Yahoo! Profile:
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CC: WAIT PLEASE, you can make enough money to retire, feed your family, friends, enemies, and more kids here...so why bother with this rant stuff
There are important changes happening and the first places you will see the signals are in gold, commodity, regional impact, stock, security and related systems!
I like your ALL insights too even when I dont agree etc etc.
Lets go for GOLD??? haha |
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By: brukevlay
18/10/2009
2:25 pm Yahoo! Profile:
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I think the USD has started the beginning to it's end however I don't expect it's end to be soon. I was speaking to a Futures broker and he thinks the same.
It MUST eventually go belly-up because of the lousy fundamentals the US has. If you follow the "Federal" Reserve as I do you will find they make money several ways. One is through financial crashes. The slimebags are not content only to have the countries currency printed and loaned to the government at interest they make money through financing both sides of wars and now this.
I used to subscribe to Bob Chapman's newsletter and he told me personally there is no doubt Greenspan and Co purposely orchestrated the sub-prime fiasco which led to the mess the USA is in now. Of course he had to get knighted by the Queen to prove what a great person he is but I cold tell you a thing or two about the Royal Family. I won't though. It will only bring out the dingbats led by Foolhardy. |
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By: professor.inglis
18/10/2009
1:40 pm Yahoo! Profile:
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RE: I am beginning to form the opinion that gold will be the new USD - and oil will be priced in gold - and no country can trust another not to crank up the printing presses eg "vs full faith of the US govt"
I am seriously looking for low cost of production, long life, low risk gold mining companies which have not forward sold next years production etc etc
What this also implies is that traditional banks need to change. In China, ordinary people can hold RMB, USD, AUD, HKD etc in one bank account. Soon they will likely be able to hold GOLD at the post office/local bank, and maybe silver, so that they dont have to have gold at home or "under the mattress" so to speak. ""
Any views here too please? |
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By: professor.inglis
18/10/2009
9:46 am Yahoo! Profile:
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Your short term oil and gas fix (excluding unseasonally long cold US winter):
"Even more important is the Iraqi Cabinet's approval of the bid by Britain's BP PLC and its Chinese partner CNPC to develop the 17.8 billion barrel Rumaila field near Iraq's southern city of Basra. The deal was approved late Friday, Iraqi government spokesman Ali al-Dabbagh told The Associated Press, without providing further details.
According to the agreement, BP will hold a 38 percent stake in the venture and CNPC will have a 37 percent share. Iraq's State Oil Marketing Organization will control the rest.
"It is a very important event ... very promising for Iraq," said Samuel Ciszuk, an energy analyst with the London-based IHS Global Insight. "The huge incremental this project alone could bring in a relatively short period of time ... is very important."
Iraq has the world's third-largest known oil reserves, and crude exports are the country's most important source of revenue. But Iraq's current daily output of 2.4 million barrels is far below the country's potential."
http://finance.yahoo.com/news/Iraq-approves-oil-de al-w
and new important Russian deals with China..which actually price Russian gas in terms of oil prices(and next oil in gold??) |
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By: professor.inglis
18/10/2009
9:11 am Yahoo! Profile:
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Found this too, sounds like you... "The unfortunate truth is that we are hopelessly addicted to oil. And the readily available supply of that oil is coming into serious question...
The CEO of Total SA, one of the world's largest oil companies, recently confessed that the world can't increase oil output beyond current levels.
The Wall Street Journal reports that output from the world's existing oil fields is dropping about 4.5% per year and by up to 18% per year at some of the biggest oil fields in the North Sea, Alaska, and the Gulf of Mexico.
The New York Times reports that many of the world's top oil exporters may have to begin importing oil within a decade to keep up with rising energy demands inside their borders.
Of course, the Saudis claim they have plenty -- some 260 billion barrels in reserve. Yet they refuse to let outsiders audit their reserves or confirm these claims.
And even if they do have all that oil, you can bet they have only one motive: to get top dollar for it.
In fact, more than 75% of the world's oil supply is in the hands of state-owned oil companies who are worried only about their own bottom lines.
To make matters worse, population booms in places like India and China have caused demand to skyrocket -- putting an even bigger strain on this ever-diminishing supply.
Last year we saw just how quickly the price of oil and gasoline can spike -- and how much havoc this can wreak on our economy and our way of life.
The good news is that there now is a solution that is both feasible and profitable...
"Plans for the end of the fossil-fuel economy are now being laid."
-- The Economist
20 years ago, wind energy was nothing more than a coffee-shop conversation between tree-huggers and hippies."" |
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By: professor.inglis
18/10/2009
8:46 am Yahoo! Profile:
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I am beginning to form the opinion that gold will be the new USD - and oil will be priced in gold - and no country can trust another not to crank up the printing presses eg "vs full faith of the US govt"
I am seriously looking for low cost of production, long life, low risk gold mining companies which have not forward sold next years production etc etc
What this also implies is that traditional banks need to change. In China, ordinary people can hold RMB, USD, AUD, HKD etc in one bank account. Soon they will likely be able to hold GOLD at the post office/local bank, and maybe silver, so that they dont have to have gold at home or "under the mattress" so to speak.
Chinese people are already selling USD and buying gold. Chinese companies are already talking to KOR and other Aussie gold miners. See KOR announcements. |
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