Hathaway on paper gold - 'Utopia for Alchemists' - tocqueville.com
... gives a little shiver up the spine, deja vu all over again, with his pieces fifteen years ago still in mind ... great charts, a cute little pie chart showing daily paper trading volume with a tiny slice of production mixed in, that's just one ... his seventh to last word is 'explosive' ...
A major difference now is a lot more of the actual concrete substantial meaningful physical metal is on the other side of the planet
Yes there was a 'low amplitude bounce' the first day on my contest pick, couple of cents uptick for an hour or so, whoop-de-doo, lol ... but it's coming, i can taste it ... 'maybe not today, maybe not tomorrow, but soon'
QE will be effective in inflating away excess debt when you and i get some of it direct, instead of having it diverted off into the pockets of banksters ... labour must have a degree of pricing power, right down to the kid at the fast food place, or 'money' will increase in relative value and things seize right up ... what's the good of space age fiat having a near-zero cost of production, if we don't take her out on the highway, put the pedal to the metal, and see what she'll do
... lol ... aargh ... Confidence, that's what it's all about, the ebb and flow of confidence
bto.to - filled on .99s today, saw the fill and got the wife a few, seconds before close ... started on the damn thing a week ago at 1.30, aargh, but you know, i'm pretty completely certain it was silly cheap then |
