Why PTF - used to be NCN, high payout ,volitile - I want to buy volitility if things go up. I've traded NCN before, and being dual listed and liquid, can get in & out easily.
Winter may be colder - word that Joe Bastardi expects a colder winter. Also, some discussio non Boom Boom thread that there was not as much demand destruction as geenrally thought - this changed my prespective.
I may be early on the gas....
Also sold NXY because it has not done anything in past week.
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Price = Money supply / total goods
So, if we have increasing production of manufactured goods -silicon chips, computers, cars, clothing, etc. -
There needs to be an equivalent increase on money supply, or prices fall. Falling prices (like electronics) make it tough to carry any inventory...things become non-optimum.
I don't have too much of a problem with fiat money when we have near fiat manufacturing.
Still think fiat money ends badly, because of both temptation to print more and miscalculation of both goods and money supply.
Tieing to gold would only slow things down - over $500, many more deposits become profitable. Hit $1000, and we can dig up half of Northern Nevada,lots of New Guinea, re-start California Mother Lode Mines, drill holes in Canada, search Austrailia, Phillipines, Russia, all the old Roman and Spanish diggings around the Mediterranian, sluice half of Brazil, not to mentnon South Africa digging to the core of the Earth.... |
