hello 2MAR$, :0)
my transition from internet to gold was relatively smooth, and so i was early to exit the heady internet orgy, and very early to the glorious gold party Message 16020847 softbank chronicles where an unusual-at-the-time high spec turned into a commonly higher harvest, but one that was an unusually clean exit as exits usually went in those days.
in so far as education and experience and look-back goes, i believe it is much more important to study history than trying to learn economics.
re <<Gold was the original "Austerity Plan" with golden results... had i been myself more the "Realized Self" than looking for self realization 15yrs ago when in jewelry manufacturing , looking back would have looked harder at parking more assets into that languishing metal somewhere near $280oz . One always finds the greatest discoveries in the end were sitting always right under our noses.>>
(i) do you mean like this Message 13195529 circa 03 13 2000 when gold 'bubbled' to 290
<<Ever wished you lived in the roaring 1920s? Now, what do we really believe will happen to GOLD as the Europeans continue to sell down GOLD hoard, devaluing their holdings, while Japan, US and China are not budging. The world and human has not changed one iota.>>
(ii) or Message 14861804 circa 11 22 2000, when gold was at 267 and to go 'ever lower' and when i was first trying to save hamoon's soul?
<<On GOLD, I am not a GOLD bug, and I do not believe in a return to the GOLD standard. GOLD is not money. However, GOLD is a store of value. I do not know the value of GOLD, but I do know by observation that the selling of hoards of GOLD had saved many families in Asia during the past few years. I think platinum is a better store of value. An oil field may be better still>>
(iii) or like here, teaching hamoon about the goodness of gold and brightness of gold shares, cowering and hedging, just so Message 15080764 circa 12 25 2000 w/ gold 'down and out' for good @ 274 ...
<<On GOLD (just another asset class, no more useful than overbuilt Texas apartments), it may not be important what the learned thinks, but only what the learned will think the unwashed masses around the world will believe as these latter folks scurry around aimlessly in un-choreographed panic. The fear of losing everything will make folks do strange things.
I still like Anglo American Plat and Impala Plat (available as AAPTY, and IMPAY in US), more useful than GOLD, with no monetary authority overhang, shiny to the eye, cold to the touch, and pays a dividend. GOLD, while not as valuable, is often more liquid.
Hedge and speculate is not quite the same as cower and hoard>>
(iv) just for the record, i believe gold is between cheap and very inexpensive
by this linked video script by boxer and yours truly Message 24743545 circa 2002
(v) we are going here Message 24745846 per post circa 2008 re fdr fireside roasting of the american people
and re gold and the FED, my take is the usual, that
- the fed gold arose from the 1930s confiscation, as citizens were instructed to turn in the gold to the nearest fed bank
- the bargain between fed and the president was that following confiscation, us$ would be devalued against gold from 20 to 35/oz
- the 'recovery' from depression, until the bank-enthusiastic world war ii (wars generate debt), in gold terms, was an ocular artifact, borne of devaluation and nothing more
- the fed gold has been since and is on the books at 42/oz
- the rubbish legislated by congress per bankers wish is that the fed not only is not audited, can do its own accounting, but can specify its own accounting standard, and that which has nought to do with gaap
- all profit (from difference of printing money and cost of printing, and from interest income on t-bills) of the fed above 6% of its capital base must be turned over to the treasury, and the 6% is distributable as dividends to the owners of the fed ... jpm, citi, etc etc
- all losses are socialized, naturally
- revaluing the gold would compel fed to turn over the revaluation profit on gold that was effectively stolen from the american people by a privately owned bank
- one should be pretty sure that all of the above is absolutely not what the founding fathers intended
- nice business if one could stare at oneself in the mirror every morning and each night
- back in the days of kings and queens, there would be a whole lot of beheadings to be done, and done with enthusiasm
(vi) here be my gold targets Message 21941081 dated 12 2005,
<<Gold IS
o Periodic Table element @ $ 250
o Dirt @ $ 300
o Cheap jewelry @ $ 400
o Curiosity @ $ 500
o Bargain @ $ 600
o Exposure @ $ 700
o Inexpensive @ $ 800
o Allocation @ $ 900
o Cocktail conversation @ $ 1,000
o Expensive jewelry @ $ 1,250
o Asset Class @ $ 1,500
o Dinner conversation @ $ 1,750
o Drinking fountain conversation @ $ 1,950
o Necessity @ $ 2,000
o Precious metal @ $ 2,500
o Life saver @ $ 2,750
o Speculation @ $ 3,000
o Money @ $ 4,000
o Financial reset #1 @ $ 6,000
o Sell @ $ 7,000
o Topped out @ $ 8,000
o Long term investment @ $ 9,000
o Ruination @ $ 10,000
o Financial reset #2 @ $ 10,000
... and i believe i need to revise the ultimate high by factor of x10
actually i do not wish to call the gold high by usd, because that pre-supposes i can call the low on usd.
for all i suspect, usd can go way of dinosaurs. |
