Some one has to start it, Americas default.

Hi frosty - not "oversold" in the trading jargon sense...

The thieving ******** in LBMA and other bullion trading houses are up to their usual tricks by selling the same bar of gold more than 20 times... When the innocent/stupid/dumb/bunney who thought he/she/it had bought some bullion go to take delivery, the dumb-*** will be told "READ YOUR CONTRACT", and something like "Tough tittties, there ain't no gold bars left ... all you got is some fiat money - Zimbabwe trillion dollar bills do? We have a spare truck load ready for collection..."

I know where you can still buy and take delivery of bars of 99.99% pure gold or silver or platinum - are you interested?

 

How much, I gotta come and get it remember.

Cant do it mass --you know when some one has the Midas touch or green fingers --well what ever is the opposite, I have it.

Playing on a brokers computer at virtual stock market I lost 20,000 pounds in 2 weeks,---twice, and i honestly was playing blue chip stuff or things I had heard of.

Sorry too dumb to buy. If I bought gold the whole gold market would tumble around the world in days --is that what you want.

 

The idea is not to trade but when the global fiat currencies are no longer trusted, platinum & gold, is the big notes and silver is the 'pocket money', to buy that tank full of fuel... Coconut oil will probably have to do... Lucky you have a pair of toyota engines and live in the tropics where the water temperature is near 30 degrees Celsius...

 

Did someone mention bandwagon and bubble?

It seems the big money called a bubble and got out
Gold is now "the ultimate bubble", billionaire investor George Soros has declared, sparking fears that prices for the precious metal may soon suffer a tumble.

George Soros, the hedge fund investor who called gold "the ultimate bubble", has SOLD almost his entire holding of the precious metal, leading to fears that the price is about to fall.

 

Yeah, I was going to buy into gold when it was around 700-800 dollars, but was vetoed by the lady of the house. Sure ain't coming in now !

 

And I am a complete hypocrite! I work 12-16 hours per day, 7 days a week.
Luckily, everything I do is like a computer game and I work from my lounge room surrounded by my family while watching videos and talking crap all day.

All the best,
Leo.

 

Talking crap all day is what brings us all together on this thread.

 

I suppose that I don't get the attraction to gold...
Gold bugs get in during downturns in the belief that poor market conditions will further deteriorate.
They are betting on collapse as our Mas so frequently postulates and sound like short sellers though are 'selling short' the prospects of a market which has already corrected down...

The whole angle seems to be one based on fear and is counter to logic when trying to determine the best return on a investment.

But go ahead you all- buy gold now while it is high, and disdain securities (though they can be had at bargain prices..)

The time to get in is NOW ...




The markets were literally overflowing with stocks that yielded far higher returns than the couple of hundred percent offered by a gold buy during this downturn BTW. With any luck enough investors will "flee to gold" that another buying opportunity will develop for stocks.

 

seems reasonable that when something is at an all time high it probably a good time to get out.

not sure about gold going viral so to speak but if its the safe haven people want it to be then prices will be up for as long as thats the prevailing attitude, then what?

 

Exactly!

(Notice society and the markets did not crumble. Just a moderate sell off in a market that had been due for a correction for a while now, having bounced way back from 2008 lows without the economy to support the speculation.)

 

Now what happened to this thread? ha ha ha

http://finance.yahoo.com/news/Wall-Street-roars-back-in-rb-2330604806.html?x=0

Yesterday was indeed a great day to buy. I often wish I had a large capital fund for placing these bets, so I could make better profits than using my meager savings.

4% in a day is a pretty good return.

We aren't out of the woods yet at all though in the capital markets. It's going to be a bit choppy with lots of ups and downs for quite some time.

 

I hate it when you're right, Troy, but you are right on this one. I apologize. Luckily it doesn't happen very often .

I've never heard an abortion opponent use language like that. I've heard similar things from Catholic opponents of capital punishment or non-Christians trying to appeal to Christians on capital punishment, but not from anyone who was against abortion but for capital punishment. I think you are confusing your anti-capital-punishment friends with your anti-abortion friends. Many anti-abortion people believe that life is sacred, but it does not follow that only God can bestow life or take it. The Christian view is that God gives human beings responsibility for sacred things, not that sacred things are reserved to God. Marriage is a sacred thing. So is the gift of children. Within this belief system, pre-meditated murder is a violation of sacred duty so awful as to require the forfeiture of the murderer's life, and it is the sacred duty of kings or governors to enforce that rule with all due respect to the seriousness of the obligation. There is nothing inconsistent in this.

Never heard of either one of them. But I did hear it from John Kerry and various other Democrat candidates when John Kerry was running. That's why I "tried to pin it on Democrats", because when a Democrat candidate for president makes something a part of his platform, you tend to associate that thing with Democrats.

I didn't say it was evil. But I do note that by defending this idea you kind of damage your argument that it is a Republican plan, given the way that you despise Republicans.

I didn't use the word "slavery", I used the phrase "forced labor" which was meant to be an accurate, value-neutral description.

I don't condone it. It is a horrible violation of your ownership of your own labor that this money was taken from you. But it's not slavery, it's extortion. The difference is that a slave is forced to work, while you could have simply not worked and had the government to support you. But since you did work, they extorted the fruits of your labor to pass on to their political supporters and cronies. This doesn't mean that I'm against taxes entirely, but that the spenders of tax money have a moral obligation to use that money only on the necessary functions of government. The necessary functions of government account for less than 30% of total federal spending these days. The bulk of what the Feds spend are for graft and political payoffs for votes.

I don't think the government has a legal and moral right to conscript our children and send them off to be killed in foreign lands. I do believe that very able-bodied man has an obligation to defend his country from invaders and that every resident has an obligation to help fund that defense, and that government has an obligation to use the draft and taxes to enforce those obligations. This does not mean that every time there is a draft or a war the the government is acting properly --merely that the government has to have those powers in order to do its job. The government can and has abused those powers just as it can and has abused its powers of taxation for other purposes.

First, it is not "mealymouthed" to make a distinction between forced labor and slavery. Prisoners are subject to forced labor, but that is not the same as slavery. If a fire chief grabs a bunch of bystanders and forces them to help out in a bucket brigade, that would be forced labor but not slavery. The word "forced labor" is just an accurate description, it does not contain the idea that the forcing is illegitimate or that the labor is cruel the way that the word "slavery" does.

Second, I cannot be held responsible for what other people in this thread hold up as paragons of democracy.

Third, alternative service of the sort you describe is certainly forced labor but is not slavery, and if the enforced service itself is justified, then the issue isn't whether it is OK to force people who won't fight to do other things, but whether it is OK to allow people who won't fight to do other things rather than be thrown in the stockade. I don't have a problem with giving them that choice.

None of this means that I am justifying Switzerland's universal service. I haven't given an opinion on it one way or the other.

 

Dave QUOTE, I don't think the government has a legal and moral right to conscript our children and send them off to be killed in foreign lands.QUOTE

Would it not be better if a war was avoided in the first place like sensible human beings. I know you think God loves America but he loves Afganistan too ,--one of you is wrong.

But forget all that bull crap, wars are stupid along with human being that give reason to start it or finish it.

The dumbest people are the ones that say God bless....

When the president says God bless America he might as well say liar liar pants on fire.

So the stock market seems stable again --well kinda,-- my cunning plan worked.

 

Well all is presently rosy with all the market indices rising...
- But . . . What of the fundamentals . . . Who are the businesses going to sell their products to?
- Europe is looking like the "new basket case" and UK is having an "arabic style revolt"...
- China is purportedly hanging midstream on a non-too-secure-rope...
- Australia has an overvalued housing market and stalled new home building...

Now with all that gloom think of the USA unemployment levels as expressed in terms PRE CLINTON (before all the number-fudging really got out of hand),

- According to http://www.shadowstats.com/ it is around 22.5% not the bull-shine 9% oft quoted by denialist-optimists, mass-media (hysteria) and other over-paid talking-heads that long ago sold their honesty for a counterfeit dollar...

- Also, according to http://www.usdebtclock.org/ the situation is NOT improving anywhere I can find, that is,,,
- Except from the markets in stock, shares and empty-paper-promises where lies, fraud, deception and graft are dispensed to the stupid, in stunning displays of slight-of-hand by the shysters...
When they have finished, having bought on the low and are now selling on an upward "correction", what has to happen will inevitably continue, - to decline, - as has been planned...

This sea-saw behaviour will continue, as,,, when there is far too much bad debt floating around (more than 600 trillion in one item relating to "money creation in the USA" that has to be accounted and effectively disposed,,, as well as the ACKNOWLEDGED debt AND the UNFUNDED liabilities, before any thought of economic recovery can be considered or may become effective...

Special, for Frosty... http://www.gata.org/node/10237
"Think gold is high? Wait till dollar bonds are dumped, Davies says"

 

Obama is reported to be refusing responsibility saying he inherited this problem and Europe is dragging down USA.

The only thing he forgot to say was --so there!!