Will gold be the safe haven for 2009?
Ned
Association’s (LBMA) annual meeting in Kyoto, predicted
that 2009 will see a significant rise in gold prices as
more investors continue to seek safe haven investments.
Jeremy Charles, chairman of the LBMA, told delegates that
gold’s role as a safe haven asset has returned with a
vengeance amid Wall Street's woes.
”High bullion prices are here to stay,” he said...
Continued: http://easyurl.net/Gold2009
phil scott
yes... so will silver, even more so...durable food comodities on hand,
a rototiller, scooter and garden space also.
Phil scott
Bob Day
"Ned" <nob...@pseudo.borked.net> wrote in message
news:c064c77df0d8afd0...@pseudo.borked.net...
< snip >
"Will gold be the safe haven for 2009?"
My Magic 8 Ball says: "Very doubtful."
David
That sounds too acurate a method for this context! Weren't those the
sort of finance people whose valuations and risk assessments got us
into the credit crunch in the first place? Did they predict gold would
rise from $650 in 2007 to reach reach $1005 in March, drop to $750 in
Mid Sep and rise again to $905 now? Of course not. No one predicted
the credit crunch or how it would develop or knows where it will go
from here.
oly
These are the same xxxxtards who wouldn't get in at $300. Certainly,
gold is well worth owning, but it's not really an investment (Gold is
money, a "numeraire" as the froggies might say; all the other
financial paper(s) are forms of credit).
Take news items like this with a grain of salt.
oly
1787
Mine says "Ask again later", which seems sensible.
W.
mazorj
"David" <da...@wilkinson6337.freeserve.co.uk> wrote in message
news:9bd5c533-17b6-49d9...@z66g2000hsc.googlegroups.com...
On Sep 30, 8:07 pm, "Bob Day" <xxx...@yyyyyy.com> wrote:
> "Ned" <nob...@pseudo.borked.net> wrote in message
>
> news:c064c77df0d8afd0...@pseudo.borked.net...
>
> < snip >
>
> "Will gold be the safe haven for 2009?"
>
> My Magic 8 Ball says: "Very doubtful."
> That sounds too acurate a method for this context! Weren't those the
sort of finance people whose valuations and risk assessments got us
into the credit crunch in the first place? Did they predict gold would
rise from $650 in 2007 to reach reach $1005 in March, drop to $750 in
Mid Sep and rise again to $905 now?
$870 now. Eventually it will rise. Then fall. Follow the bouncing
ball.
oly
Yes, very many people predicted this credit crunch. Their views were
ostracized and banned by the Main Stream Media, no doubt at the behest
of Wall Street and Washington. Get real, this thing was very visible
from March 2007 (when the first cracks appeared at Bear Stearns), if
not sooner (like when all the mortgage "liar loans" were made in 2005
and 2006).
oly
Balanced View
It was discussed here way back when interest rates bottomed under
Greenspan, most were referred to as
being in the "Tin Foil Hat" brigade at the time.
oly
>
> - Show quoted text -
I don't know this writer, but like the article:
http://www.kitco.com/ind/West/sep302008.html
oly
oly
>
> - Show quoted text -
BTW, the first sentence of that article is incredibly flawed,
gramatically, and the gentleman needs a good thesaurus. Otherwise,
not a bad read.
oly
Scott Stevenson
wrote:
Only because we hear the same song every year or so--credit maket
about to collapse, dollar spiraling into Weimar Republic
hyperinflation--the only safe place for your money is gold!
Even if it comes to pass that this _is_ a good time to hold gold, a
95% failure rate when it comes to predictions doesn't make one an
astute thinker the one time it does come true.
take care,
Scott
"economists were put on this earth to make astrologers look good"
oly
Stevenson) wrote:
> On Tue, 30 Sep 2008 17:32:43 -0400, Balanced View <N...@nill.net>
>
> - Show quoted text -
Well, since you concede that it could come true one time, would you
care NOT to have any PMs and all your assets in paper on the one time
it does occur? Kinda like Pascal's Wager.
oly
mazorj
"oly" <oly...@aol.com> wrote in message
news:b60e0752-e8a5-4005...@k7g2000hsd.googlegroups.com...
The monex.com ticker now has it down 30 to $841. That would seem to
defy logic in view of the developments of the past week.
sgt23
> "oly" <oly2...@aol.com> wrote in message
>
> - Show quoted text -
Silver is under $11 now.
oly
>
> - Show quoted text -
Go find some physical at that price. Hard thing to do.
oly
sgt23
>
> - Show quoted text -
I got a friend who runs a pawn-shop who sale silver coins at spot
price. I barely ever buy because he usually doesn't have the grade I'm
looking for. Even though I have got some good deals there.
Voltronicus
Either you are lying or your so-called "friend" is an idiot.
Probably both, since anyone who would be your friend would have to be
an idiot.
sgt23
>
> - Show quoted text -
Who ever would be your friend Voltronicus must not have a soul and
cares nothing about character.
oly
>
> - Show quoted text -
Well, I like RF. I'd buy him a drink or two anyday. Maybe a third
even. I've always been partial to Alice Roosevelt Longworth's
(Teddy's eldest daughter) old maxim "If you don't have anything nice
to say about anybody, come sit next to me."
And I think your patter is a trifle uneducated and 'tarded there,
Sarge.
oly
sgt23
And you know what your opinion means to me, so why state it?
oly
>
> - Show quoted text -
FWIW, just so you know what others instantly recognize about you, and
so you can't be in total denial about your stupidity.
You're so damn ignorant there, Sarge, I'll bet you're a life-long Cubs
fan!!!
oly
Voltronicus
> You're so damn ignorant there, Sarge, I'll bet you're a life-long Cubs fan!!!
100 years and counting!
oly
Hey, it's early on Sunday evening (10/5), but the financial
seismographs are sure shaking... Moanday and Towhosday may be
memorable days in the history of financial markets, meethinks.
oly
kaot...@gmail.com
Just to point out that you don't place the word 'and' after a comma,
especially when beating someone down for bad grammar.
The credit crunch was visible from 2007 but as far as people taking
notice of it, they all thought it would fly over and never happen.
Thats my opinion anyway.
Flasherly
Article I followed put it down simply to unrealistic, though a
pervasive state of computer models for the likes Lehman and AIG
exemplify, programmed real estate valuations occurring within an
actual credit crunch being within chances of a "once in a 100-year
storm";-- a storm that would have been a very lucrative bet to have
assayed upon in hindsight.
oly
>
> - Show quoted text -
The explaination for a financial crash is always much simpler than
that. It was the same in the late 1920s as it is today.
Too much credit to too many people who had no realistic prospects of
ever repaying (or honoring their contracts).
Period, amen (is that comma O.K., Mr. Kaopektate???).
oly
mazorj
<kaot...@gmail.com> wrote in message
news:069a18a4-3f32-4b11...@t42g2000hsg.googlegroups.com......
> BTW, the first sentence of that article is incredibly flawed,
> gramatically, and the gentleman needs a good thesaurus. Otherwise,
> not a bad read.
>
> oly
< Just to point out that you don't place the word 'and' after a comma,
especially when beating someone down for bad grammar.
Sure you can. In fact, it's needed there. It's separating two
clauses in the same sentence. Either a semicolon or a comma is
acceptable.
On the other hand, the comma between "flawed" and "grammatically" is
wrong. It shouldn't be there.
David
> <kaotix...@gmail.com> wrote in message
The financial world is crashing all around us and you quibble about
punctuation! You should have been the classic deckchair attendant on
the Titanic or perhaps Nero's violin tuner :-)
Flasherly
The 1920's, as I've an impression, concerns an unregulated aspect of -
margin reserves- allowed for venture capital, borrowed on the broker,
as money then is unreservedly advanced by banks on his behalf.
Similar in a simple sense that leveraging should be allowed to occur
off inflated values, as Lehman's Fuld is saying today to a
congressional inquiry -- this has all, of course, been done within
full and due regulatory oversight.
This one, to me, however, has an aspect of a cooked-book fantasy
world. The 1920's would have been comparatively fewer investors, the
rough-&-tumble world of cutthroats and yesterday's hard-hitter venture
capitalists. Fewer and farther from a present, sweeping inculcation
of ho-hum investors (excluding present company), by in large for an
accepted state synonymous to the New Deal, retirement savings, as
bolstered by a sparkling new computer infrastructure of the 80's, and
linked to facilitating global market growth. Hence from reading an
article just this morning while the DOW ungainly precipitated away at
500 ticks below panic, about some lawyer crying over his 401K
retirement tied into four mutual funds that have lost 65% of his
savings so far.
How about a bet on widespread premises of today. California mortgage
borrowers who obtained balloon mortgages in 2005 number twenty-percent
of mortgage buyers. At present structures, it shouldn't be too
preposterous of a stretch to assume that the national outlook for
expected faults on upcoming home foreclosures reflects a similar
magnitude. The bet being also on the same likelihood, one-in-five,
that the U.S. is not going into a prolonged recession.
Not a very good bet to make, eh?
--
“When I was an adolescent, Tahiti was a paradise. I made up my mind to
settle there someday. I was going to be a seaman like Melville, but
the Great Depression put me to work as a cartoonist to support the
family.” -William Steig
mazorj
Life goes on for decades over many venues, and you want everyone to
drop everything and obsess exclusively on one unhappy episode about
money? Loosen up while there still are roses to smell. I'm listening
all day to constant radio news updates on the economy. The gold
ticker is a mouse click away on my screen. I download the values of
my 401k every trading day into my custom spreadsheets and my
accounting software. That's good enough (or bad enough) for me.
After your crack about deck chairs and violins, I could say that you
would find a good career fit as Adrian Monk's alter ego and stand-in,
but that would be piling on.
robert underhill
<069a18a4-3f32-4b11...@t42g2000hsg.googlegroups.com>,
kaot...@gmail.com wrote:
Untrue: the commas are being used to set off the word 'grammatically'
which is intrusive (and also misspelled). Would you rather have no
comma after 'gramatically' (sic)?
--
Bob Underhill
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