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

To: energyplay who wrote (46141)	2/3/2009 11:17:53 PM
From: Secret_Agent_Man	Respond to of 220205

East coast Malaysia is stillrelatively inexpensive as the current buildout has not begun in earnest there as well as the Sabah Island - Singapore is outrageous as is the west coast of Malaysia and inland- Wife is Malay and we're still looking

To: energyplay who wrote (46141)	2/4/2009 8:21:34 AM
From: TobagoJack	Respond to of 220205

singapore is a tyranny island pretending to be a free nation malaysia is not even a singapore Just in in-tray What are the odds that US Income tax rates are 42% or higher by 2011? One in three: intrade.com On a separate matter that is going dire Player #1 In the FYI & FWIW department re: bank gating I just got a phone call from HSBC about an online savings account I recently opened with them (3.75% on deposits up to $500K) to tell me that they are placing a 6 business day hold on any withdrawals Needless to say I expressed my disappointment, and also told them I'd be moving out since none of their competitors had those kinds of restrictions on when I can have my own money back Interesting also that HSBC must be doing so well that it can afford to piss off large depositors with such rules -- that's the type of arrogance that makes a guy hope HSBC takes it in the neck Rant's over, I'll go back to lurking now Player #2 that reminds me - aren't they the main custodian for GLD? Player #3 One of the two I believe, the other being Morgan Are you trying to suggest they don't need to attract cash anymore since they have an large expropriation target at their fingertips? Perish the thought if you hold paper gold Player #2 no, i'm only mentioning it because the solvency of the custodians is GLD's potential weakness as someone noted here recently. gating withdrawals strikes me as a sign of trouble meanwhile. Further to the custodial insolvency risk, I have long held the opinion that the concentration of gold holdings in a single instrument and place where it can be (and one day will be) so easily appropriated by the authorities in one fell swoop is by far the biggest weakness of GLD as an investment vehicle -- IMO parking wealth in GLD is like hiring a fox to keep an eye on your chickens I don't know what to make of the HSBC policy -- it might be somebody's idea of a pre-emptive measure ultimately designed to delay potential runs on the bank, or it might just be administrative stupidity