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

To: Maurice Winn who wrote (86542)	1/28/2012 4:06:42 PM
From: RJA_	2 Recommendations Respond to of 219785

>>. Be aware though that you are in with a surging horde of Mindless Zombies chanting the usual mantras, prancing naked in circles around their tribal campfires, clutching their little totems, keeping their fear of the dark at bay, calling incantations and making imprecations to the Gods. Tribal memories (DNA) are long memories. I remember eliciting same on my first visit to the Smithsonian and seeing their gold coin collection for the first time. Most Humans can tell real from fake. Indeed, a good part of the problem: >>Yes, Big Ben is taunting those who dare to hold US$ with no interest on their money and being diluted daily. How long before they buy something, anything, to get rid of their money is a pressing question. But it's not just Ben, it is all of them. So,you would have us all buy Qcom which since 09 has performed 1/3 as well as GLD? Your advice needs a warning label, a service it seems being performed by many here

To: Maurice Winn who wrote (86542)	1/28/2012 4:36:52 PM
From: RJA_	Read Replies (3) \| Respond to of 219785

>>So,you would have us all buy Qcom which since 09 has performed 1/3 as well as GLD? >>Your advice needs a warning label, a service it seems being performed by many here. There is nothing so obsolete and worthless as last years electronic device... Or last years manufacturer... Rim being a prime example. Hot companies and their products rarely outlast a human life span... Only a handfull have lasted 200 years... ... and the civilization of Aztecs is gone, but their artifact of value remains. =============== Re sophistry and the marginal cost of mining gold: Anual gold production averages 2500 tons per WGC. World above ground supply 165000 tons, (same source) of which roughly 30000 tons owned by CB's. gold.org gold.org Therefore new supply is not particularly material to the market, as is cost of same. If the CB'ers that own gold dumped it in mass all at once the price would drop (and I would be buying hand over fist).... but actually, the movement (public movement) is going the other way... they are buying. They tried that dumping thing post 1980... and here we are... suppressed the price kind of, but suppression does not seem to be able to be maintained forever... The Chinese in Nov took 105 tons as imports. Annualized that is 1260 tons, which exceeds the entire world production... but they also mine 300 tons annually (included in that world production), which they keep. So the anual take up of China is 1560 tons or almost 2/3 of world production. Somehow they do not seem to mind buying something which you say you produce in your back yard for $400... but wait, you say you dont actually produce it in your back yard? And most producers can not produce it for $400/oz... and what they can produce is limited. In minable quantities and concentrations it is rare, and requires much investment in time, permitting and capital to produce. Well, that might indicate why in part it is a thing of value, and why, production has very little elasticity with regard to price because, it is rare... not just in your back yard, but most everywhere. And besides, dancing by firelight is fun... <g!>