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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (25506)	11/21/2007 6:47:51 AM
From: elmatador	Read Replies (2) \| Respond to of 217588

Galloping inflation forces people to park money on a tangible assets. Usually brick and mortar. Now that property cannot be used as a parking place for money, oil is being used. Thus pricing going to the stratosphere. The interim period, sends a lot of money into the oil sector. Here's the good news: As Tech bubble causes over-investments in technology, to the point that we have technology -after 7 years after tech bubble went KABOOM- to last at last 5 years more, we are seeing an over-investment in oil sector that will cause oil to be found wherever it is. Thus henceforth, causing oil to plummet real well. Consider: Oil discoveries -fuelled by the carnival of investment now- will come on stream, more ethanol with cellulosic technology and bio-diesel, gaz guzzlers wipe out technology to find and extract more oil will mature and by 2020, we will have a world awash in energy.

To: TobagoJack who wrote (25506)	11/21/2007 11:23:40 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 217588

TJ, what the Aztecs are up to is reported in a more subtle way than actual tonnage. You can see how much they are buying and how enthusiastically, with the number of tons reported in $ rather than kilograms: kitco.com No matter where the buyer was hiding, their purchase shows up in the graph. As you know, a LOT of people have been buying gold in biscuit, When I went to perv over biscuits, coins, bars etc at Johnson Matthey in Grafton Road a few years ago, you can be sure I was at the beginning of a trend. While I hummed and haaaed about it, a LOT of people considering in that position would have bought. And have kept on buying. It's funny that your correspondent thinks that "blingy" is a denigrating word for such a sacred totem as gold, but that's what it is. <blingy-blingy (I hate that word bling being ascribed to Gold) > Silver service is also blingy. Stainless steel is not. Stainless steel is far more alluring because it has the mind of man built into it. Gold is a dead-state side product while iron is the end product of cosmic forces. When the cosmos has done its work, iron meteorite blunder mindlessly around in the dark and frozen void. Along came people, with brains, eutectic diagrams and chromium to morph the cosmos into something new. Okay, I admit I'm putting the cart before the horse there, because in fact, the cosmos morphed the people rather than the reverse. But perhaps I can say it's an interative, mutually-creating process in which each creates the other after the other creates it. If we imagine a circle of horses and carts, or, to give the time dimension, chickens and eggs, we have a more accurate representation of cosmic processes. Which is pulling which? Which came first, the chicken or the egg? If the eggs are relativistically placed, with quantum tunnels linking them, it is not clear to me which came first. Anyway, I'm getting side-tracked by your cosmic description of the wonders of gold's creation, which is rather prosaic compared with the miracle of stainless steel and very un-blingy cyberspace. My mother in law was a Walker and Hall employee some 70 years ago, polishing silver, maintaining the shop. She gave the family tea pot to the great grandchildren's mother when she got too old to use it. Yesterday, as we drove along with boxes of servers to a dark, refrigerated room, we passed the stone age in action, literally. Blokes were whacking rocks with hammers and chisels to make stone walls. In Antwerp, it used to fascinate me how across the highway from the BP Oil International HQ [for the commercial division] which was full of computers and all the paraphernalia, there was a farm which had a horse and dray, pitchfork and hay. Along the creek would roam an old bloke with a blunderbuss, blasting away at ducks [and no doubt anything else that crossed his path]. Ancient cultures fit together with the new-era cyberspace realm and industrial revolution. We see ridiculous "Amerindians" murdering whales as part of their tribal "culture". They are NOT out there in skin canoes. They now use high tech, outboard motors and all mod-cons. Their culture is fake. The Aztecs are for real. Buying their biscuits and stashing them, chanting incantations about The Rapture and how they'll be saved. They will be in trouble, along with everyone else. There are no hills to head to when the chimps go ape in the cage. Maybe some lucky Aztecs can hide their biscuits so the others can't find them. A scuba set would be useful for hiding said biscuits [as you have described]. A bank vault might not be very secure. Chimpoids and plundering Spaniards would look in those. Mqurice

To: TobagoJack who wrote (25506)	11/27/2007 2:37:28 PM
From: Amark$p	Read Replies (2) \| Respond to of 217588

Your comments make sense and appear reasonable: " So the same women now wud go to their neighborhood friendly jeweler shop and spend on Gold, but in the form of 'biscuit'...Gold bars are famously (or infamously) referred to as 'biscuit'....in fact many household have had a regular plan of buying 10gms biscuit every 2-3months from their saving pool. Jewelry demand is there and will always be there but that is subtly being taken over by 'biscuit' demand and as far as prices going higher denting demand is also unfounded as the households are saving in Gold, not spending on jewelry " Do you have any articles or something in print to back up these comments? What exactly do you base your comments on? I believe your comments are likely accurate, but I have seen nothing in print and would appreciate any links!!! _______ FWIW, here are central bank gold sales to date showing 21 tonnes behind schedule (not including Swiss sales): drivehq.com

To: TobagoJack who wrote (25506)	11/28/2007 11:08:49 PM
From: Amark$p	Respond to of 217588

Here's a bit of confirmation: "Even though the gold prices are soaring, sales of gold coins have increased in the last one or two years as consumers have shifted their buying patterns, preferring to buy bullion rather than the more expensive jewellery." Coming soon, gold coin contract from MCX Commodity Online MUMBAI: Taking into consideration the increasing popularity of gold, the Multi Commodity Exchange of India Ltd (MCX) is all set to start a new contract for gold coins. According to MCX officials, the exchange has over 1,800 members... and they are looking to buy such products. The coins are being designed and the exchange plans to apply to the Forward Markets Commission for approval soon. Moreover, MCX is looking at multiple delivery centres and it may be more than 100 centres. Even though the gold prices are soaring, sales of gold coins have increased in the last one or two years as consumers have shifted their buying patterns, preferring to buy bullion rather than the more expensive jewellery. According to MCX, the contract would be for an 8-gram or a 10-gram gold coin approved by the London Bullion Market Association. It would be aimed at small investors.