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


To: Cogito Ergo Sum who wrote (28848)1/31/2008 1:37:10 AM
From: TobagoJack  Read Replies (3) | Respond to of 218068
 
do not fret

cb ilaine is of the opinion that her loss of purchasing power when denominated in gold does not matter

as it does not matter when denominated in Euro, since she buys imported Italian food in worth-less USD and her clean and tidy Japanese car in same worth-less USD - perhaps cb does not and cannot think of gold as money, of the best and honest kind, and prefers to champion a fraud, and then help others renege even from the fraud

besides, MacRoller is selling gold, in favor of what as yet to be revealed

i am sure glad i did not sell my platinum at 600, forgot to sell at 700, left it along at 800, was busy at 900, couldn't be bothered at 1000, ... and so, just as events are going as expected at 1500 (oops, I mean gold, at 900), the right way, biblically speaking, why sell gold? other than for fun.



To: Cogito Ergo Sum who wrote (28848)1/31/2008 6:05:45 AM
From: elmatador  Read Replies (2) | Respond to of 218068
 
The Fed knows something we don't know. This conspiracy theory emerged last fall and is growing with each Fed rate cut.

Currently, traders are speculating that a meltdown of at least one major financial institution could by sparked by the collapse of one or more obscure insurance companies that purport to insure risky debt instruments linked to subprime mortgages that Wall Street has been peddling around the world in recent years.

After Wednesday's rate cut, Fitch Ratings cut its credit rating on bond insurer Financial Guaranty Insurance to double-A from triple-A. Analysts attributed the stock market's late reversal to the Fitch move and to fears that similar actions await other bond insurers, including MBIA and Ambac Financial Group.