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Old 05-27-2010, 01:52 PM   #201
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A blind allegiance to govt intervention in "fixing" every economic problem, along with a blatant disbelief of basic economic principles has not helped your cause.........
I guess an understanding that "Supply Side" remedies in the midst of a liquidity trap where the fed is already constrained by the zero bound is not only deflationary but is actually pro-cyclical counts as "blatant disbelief of basic economic principles."

But I guess the only "economic principle" I need to believe if I want to fit in around here is that government is always bad.

I like the "ignore" idea. I haven't used it yet, but maybe I should give it a whirl.
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Old 05-27-2010, 01:54 PM   #202
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I like the "ignore" idea. I haven't used it yet, but maybe I should give it a whirl.
The economics make sense- it's free!
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Old 05-27-2010, 03:17 PM   #203
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...or 87 more years of detente.
Or until one of them points out that the other now has "silver threads among the gold."
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Old 05-27-2010, 04:06 PM   #204
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And they exchange gold rings?
Or shares in a precious metals fund
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Old 05-27-2010, 04:09 PM   #205
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Or shares in a precious metals fund
I love it when a thread gets back to the basics, on topic.
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Old 05-27-2010, 05:41 PM   #206
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I recently attended a fund raiser where people could sell unwanted gold jewelery with a % going to the cause. Many folks just made an outright donation if it was a small item like a single earring. The gold dealer was carefully checked out and gave a decent payment. The charity raised lots of money, the gold dealer made a reasonable profit and it was a win-win all round. This type of fund raiser has become very popular these days. Guess this is one upside to this whole gold thing.
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Old 05-27-2010, 05:55 PM   #207
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So back on topic.
Physical Gold, Gold ETFs, Gold stocks, or should I steal gold jewelry to give G Gordon Liddy
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Old 05-27-2010, 07:03 PM   #208
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But I guess the only "economic principle" I need to believe if I want to fit in around here is that government is always bad.
Only in certain neighborhoods, not the entirety of "around here". On my block, we like the government.
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Old 05-27-2010, 07:21 PM   #209
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On my block, we like the government.
We like the government on my block, too. All of us here in People's Apartment #37 tell our oblast leaders constantly how much we love the government.

I don't own any gold. DW wants to invest in the wearable kind.
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Old 05-27-2010, 07:43 PM   #210
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I love it when a thread gets back to the basics, on topic.
Basically, I am still wondering whether to invest in gold or pay off the mortgage.
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Old 05-27-2010, 08:18 PM   #211
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We like the government on my block, too. All of us here in People's Apartment #37 tell our oblast leaders constantly how much we love the government.
Your day will come, Kulak.
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Old 05-27-2010, 11:08 PM   #212
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I love it when a thread gets back to the basics, on topic.
You mean gold threads?
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Old 05-28-2010, 06:06 AM   #213
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Old 05-31-2010, 12:44 AM   #214
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hello to everyone that participated in this thread. i'm back after a loooong ban. i'll try to not get banned again. i had a lot that i was trying to share - but it ran afoul of the "rules".

what's ecouraging me about gold now - generally it's been an inverse dollar trade. the dollar has jumped in value (against other paper) lately - yet gold has held it's ground.

this will provide dry powder for dollar down/gold up action when the dollar falls against the other paper. it's in the high side of it's range right now - as people are running away from the euro drama.
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Old 05-31-2010, 02:23 AM   #215
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hello to everyone that participated in this thread. i'm back after a loooong ban. i'll try to not get banned again. i had a lot that i was trying to share - but it ran afoul of the "rules".

what's ecouraging me about gold now - generally it's been an inverse dollar trade. the dollar has jumped in value (against other paper) lately - yet gold has held it's ground.

this will provide dry powder for dollar down/gold up action when the dollar falls against the other paper. it's in the high side of it's range right now - as people are running away from the euro drama.

AHHHHH.... so that's why you were not posting... some thought you had left because of not liking what other posted...

Glad to see that you will be trying to not get banned again... also, read what people have written... it is your delivery that seem to be the main problem... but hey, I could be wrong...
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Old 05-31-2010, 06:29 AM   #216
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hello to everyone that participated in this thread. i'm back after a loooong ban. i'll try to not get banned again. i had a lot that i was trying to share - but it ran afoul of the "rules".
There are those that believe that if you are not, at least, "warned" by the Moderators every now and again, you are not using the Forum properly. In any event, you should be more concerned with the feedback from the civilians -- you will learn more.
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Old 05-31-2010, 06:37 AM   #217
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what's ecouraging me about gold now - generally it's been an inverse dollar trade. the dollar has jumped in value (against other paper) lately - yet gold has held it's ground.
There are, of course, other opinions worth considering:

The Coming Bubble of 2010, and How to Avoid It

I particularly liked:

Quote:
Warren Buffett once quipped:
It gets dug out of the ground. ... Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
In any event:

Quote:
Truth be told, the only way to get the price of gold to rise is to get other investors to buy into the idea -- like a giant Ponzi scheme. And as we know from watching the unraveling of Bernie Madoff's empire, that can't last forever
or

Quote:
Perhaps the most damning fact is that, from 1833 through 2005, gold and inflation had nearly perfect correlation, according to Forbes. This means that, after taxes, you would have actually lost money in gold
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Old 05-31-2010, 06:53 AM   #218
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Fears Rise in Europe over Potential for Deflation

Maybe our esteemed OP can reconcile deflation with excessive money creation.
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Old 05-31-2010, 07:21 AM   #219
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There are, of course, other opinions worth considering:
Another opinion is that the recent run-up in gold is based on the fear of future inflation, not actual inflation; it is based on the fear of money creation, not actual money creation. If at some point that fear doesn't become reality, then the price of gold will look like Wile E. Coyote (Super Genius).



The gold story starts with a few facts and then jumps into speculation. It begins with the fact that global central banks took unprecedented action in cutting interest rates and expanding reserves. The facts kind of end there. The speculation is that eventually the monetary and fiscal stimulus works and those reserves get multiplied into money. Naturally, in this telling, global central banks sit on their hands as inflation rages out of control. In some versions central banks not only sit on their hands but abandon all independence and aggressively monetize sovereign debt turning high inflation into hyperinflation. According to many versions this worse case scenario is not only a base-case, it is "inevitable" . . . Zimbabwe here we come!

But actual events aren't playing out according to script. Inflation is still trending downward. Meanwhile pressure is building globally to reign in federal deficits and several governments are taking concrete action. These austerity steps will further reduce the demand for money, which will continue to retard money creation through normal channels. The E.C.B. refuses to compensate (the recent bond purchases were sterilized) even as several of its members plunge toward depression. In the U.S. all the talk at the Fed is over "normalizing" policy, raising rates and liquidating assets. Individual States are slashing budgets. And even the large amount of federal borrowing has been entirely offset by a decline in private borrowing.

In 2008 all the forces of government were used to stop the financial collapse, with good effect. Now those forces are starting to be thrown into reverse at a time when inflation trends are still heading downward . . . Japan here we come!

Oh, and a final message to Wile E. . . . look out below.
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Old 05-31-2010, 07:50 AM   #220
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what's ecouraging me about gold now - generally it's been an inverse dollar trade. the dollar has jumped in value (against other paper) lately - yet gold has held it's ground.

If it has generally been an inverse dollar trade, would that not indicate that there is downward pressure on gold?
In other words, that it will, sooner or later, revert to it's long term trend?
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