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tinecu

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Posts posted by tinecu

  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    If Sterling and the USD devalue to that extent, many people who sold their house (or chose not to buy one) and went with the "10% in PMs" advice will lose out massively. 10% just isn't enough to combat that sort of hyperinflation. And, whilst it pains me to say it, property will fare much better than paper in such a scenario.

     

    That's what worries me too (20% in PMs). Hence I'm beginning to feel a sense of urgency in buying a property (ideally with some agri land) with my remaining cash or if I can't find something that seems OK value....physical it must be :unsure: .

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Just a little reminder of the long-term view.

    This is on a log scale, so you can see the long-term growth properly.

     

    Compare the 70s with now.

     

    And we are still nicely on track.

     

    GoldUS_080220_10000_prediction_log2.gif

     

    Hmm...nice but since gold has been over $1000 (albeit rather briefly) it would appear this graph needs updating?

  8. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    It will implode on itself. The Dollar is backed by ... Dollars! Great idea. Not.

    Don't forget the backing of the US Military....As I recall Saddam was going to sell his country's oil in Euros.

     

    Don't forget the dollar pegs....US sitting very heavily on them even after the recent rally...like the British before they will squeeze their empire dry before they have to feel the real pain of their economic bungling at home.

     

    Hence the demise of the US dollar will be a long painful one not a sudden implosion.

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hey guys...what happened?

    Back from holidays and feeling a little poorer than expected!

    Silver and Gold taken a bit of a pasting...in dollar terms at least.

     

    When do we expect a recovery? or is the market too manipulated now?

    Should we be like Errol and just keep buying regardless of price as and when we can?

     

    Land and a shotgun is seeming more and more attractive. :lol:

     

     

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    OK, I hope I've got this right.

     

    This is the (Fed_Funds_Rate - Consumer_Price_Inflation), which I hope is the Real_Fed_Funds_Rate.

    Now the consumer price info includes all items (so does NOT exclude Food, energy etc) :D

    Even so, I still thinks it's way too low, but unless I can find better data.....

     

     

    Gold_versus_Real_Fed_Funds_Rate_197.gif

     

     

    My impression is that gold rises, and THEN the Fed raises rates. Which I think makes sense, because they keep rates low until inflation picks up, and then try to stop it. And gold is the good measure of inflation, is it not.

     

    Does that put us in about 1976 ?

    Does anyone remember how hot that year was ? There sure was global warming that year :lol:

     

    Like the graph but isn't the real fed rate -ve now?

    I've been thinking the same about the 70's ....Gordon Brown has done a remarkable remake of the Callaghan Years.... http://en.wikipedia.org/wiki/James_Callaghan

     

    Uncanny!

     

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I think eggs and baskets.

     

    Although GM is more expensive, they do silver, and that adds the possibility of swapping metals, which I think is handy also.

    I suppose potentially with GM you also have the ability to transfer gold grams to someone else.

    Oh, and GM pay interest on the money in your account, so if you want to duck out of PMs for a while, that's also a benefit.

     

    thanks Steve et al for your comments.

     

    I think BV >> great to get in quickly

     

    GoldMoney >> worth the hassle in the long run.

     

    Cheers

     

    Tinecu

  13. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Welcome pieshop. I use BV and GM as well. It's well worth going through the validation processes since it is a very convenient way for smaller investors to buy and store physical gold and silver bullion.

     

    Hi GF,

    Why use both BV and GM? Wouldn't one or the other suffice?

     

    Cheers

     

    Tinecu

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    So... we were all (well, mostly) very bullish on Friday.

     

    This week has been a disappointment so far. USD has rallied. GBP has rallied even more on the "woah inflation! Higher IRs on the way then" view. G&S both performing poorly

     

    Are folks still as bullish? Does this latest action just further strngthen the position, or is the much-talked-about "sideways summer" looking more likely.

     

    In particular I'm interested in your view, Marceau - always a good barometer, I find. :)

     

    Just got back from two weeks holiday....seems that the sideways summer is happening...action in August?

    Good buying op for those that still need to buy in though.

     

    How about that oil price though...blimey gov!

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