TJ, just the other day I bought another tranche of gold at NZ$10,000 which came with free 100 x WRT54GL routers attached. The total grams of gold was very low - I don't know how much was included but the antenna connections are very nice-looking shiny gold. So I'm in the gold market, sort of.
The reason for not buying pure gold was the in and out transaction costs and spreads. Nevertheless, at present, my US$ would have been better in gold. I have ogled gold from various sellers in trademe.co.nz but the NZ$ prices are too high for my liking. If buying gold, I'd like garden variety stuff without collector premium.
Since 2005, QCOM revenues and profits and market share continue to increase happily way beyond Happy Meal levels. My US$ are so despised that Westpac [a local bank] wouldn't even give me a cup of coffee to move them from ASB Bank.
Big Ben and the central bankers around the world are doing as I know they always do which is dilute, dilute, dilute to save the debtor wastrels, not the frugal savers.
I am not yet sincerely sorry, but am nervous about the continued deflationary and geopolitical misanthropic power plays and the prospects of acceleration to hyperinflationary processes, as predicted by financial relativity theory, towards Zimbabwe style black holes and Argentinian outcomes.
It is comforting that the process is taking years rather than months, days, or minutes because it gives hope that sufficient market clearing and personal adjustment will take place before bricks go through too many windows and serfs arm themselves with staves, sickles and pitchforks. Possibly everything will come right and we'll all live happily ever after in peace, light, harmony, happiness, health, prosperity, longevity, fun and love which is a sure bet if everyone could just get connected via CDMA/OFDMA mobile cyberspace in various spectra.
Qi will have very low transaction costs and will be much better than having to dig gold up. It's a much better bet than Aztec coin of the realm.
It does seem that Obama is determined to bleed dry the producers of the world such as Qualcomm in favour of the wastrels who vote for him in droves. Voting to take OPM and to regulate others' lives is a great weakness of modern democracy. It could turn out to be a fatal weakness. Since most slave owners remain in favour of slavery, it seems unlikely to change any time soon.
Mqurice |
