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romans holiday

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Everything posted by romans holiday

  1. romans holiday

    GOLD

    T
  2. romans holiday

    GOLD

    I am thinking the wildcard of globalization is going to play a central role in how this inflationary period pans out. I fear that rather than seeing the bogeyman of a real wage/price spiral this time round, we may only see nominal wage rises with real price increases and a real decline in the standard of living. Imported inflation.
  3. romans holiday

    GOLD

    Yep, A broke banker looking for cash.
  4. romans holiday

    GOLD

    Peter Schiff, who is into Perth Mint, addressed this issue a few weeks back. You can check his weekly radio podcasts here. http://www.europac.net/radioshow.asp
  5. Good articles. Especially liked the third.
  6. romans holiday

    Flash mob

    Agreed. It is the American view, naive and chauvinistic, that the world depends on the American economy to consume their products. Quite laughable really. I think it may be a form of feudalism. The emerging economies have their own middle classes now and no doubt will be quite happy to start consuming their own products. Not too mention trade with eachother.
  7. romans holiday

    GOLD

    Loaded and locked.
  8. romans holiday

    Credit Crisis Crushing UK Banks

    Agreed. I suspect the Fed can not rise the FFR. Even a small raise might be enough to push the tettering humpty dumpty economy of the wall. They are scared.
  9. romans holiday

    warning signs, they are obvious.

    One of my favorite movies. http://en.wikipedia.org/wiki/Trainspotting_(film) anything but boring these people
  10. romans holiday

    warning signs, they are obvious.

    One of my favorite movies.
  11. romans holiday

    GOLD

    My thinking is just sidewise, albeit volatile, for the summer, if not year. Anyway, I am hoping as want to buy more during that period I do not think the dollar will give up without a fight.
  12. romans holiday

    GOLD

    Oil taking off. Threatening the all time high. Up four bucks! Euro up to 1.55ish!.... Reversing all those whoopee dollar gains this week.
  13. romans holiday

    warning signs, they are obvious.

    If the train comes, many will freeze, incapable of action; many others will panic and incapable of thought, run the wrong way and also be run over. The few will be left to pick up the pieces. Crazy thing is it is like watching it all unfold in slow motion; a slow moving train wreck.
  14. romans holiday

    High inflation vs Hyperinflation

    Agreed. I do not think the 70's were hyper-inflationary. Also, I have heard the term chronic inflation used before to refer to a stage between high inflation and hyper-inflation. Perhaps we could safely say we can look forward to chronic inflation with the real possibilty of it going hyper [crisis of confidence stage].
  15. romans holiday

    GOLD

    Ha Ha... thats cool.. the more the merrier..... Thanks for the information. Even though I want physical maybe it is unpractical for silver, and something like Goldmoney would be best. Not so for Gold itself, have to have my precious with me at all times. I am really looking forward to buying some coins. In Korea, I have only been able to buy bullion bars.
  16. romans holiday

    High inflation vs Hyperinflation

    From wiki: "Formal definitions vary from a cumulative inflation rate over three years approaching 100% to "inflation exceeding 50% a month." In informal usage the term is often applied to much lower rates. " So that means it can be around 30% a year?? Then Viet Nam's dong [25% inflation] is hyperinflationary? Given the pschological criteria I think it may be; I heard some report that the Vietnamese are swapping there currency for Euros and dollars as quickly as they can.
  17. romans holiday

    GOLD

    Thanks Sylvester, Being a transient [working in Korea], I was thinking of just using a safe-deposit box. Less than ideal I know. I am more worried about being left out of the silver market which I think will do well. Also, like the look of those silver ferns.
  18. romans holiday

    High inflation vs Hyperinflation

    I also have wondered about the use of this word. To draw a parallel; some often object to us saying the Government are "printing money". There objection is based on the literal meaning of the word. Whereas those concerned with inflation are using it informally to refer to actions of the Government to expand the supply of money and credit in the economy. I wonder if the same could be said about the term "hyperinflation". It does have a technical meaning [i think it refers to 100% annual inflation] but maybe it could be used informally to mean really bad inflation. Or the kind of inflation which will destroy confidence in the currency. I doubt that !00% is required for that. Some of the talking heads still say the US is not in recession due to the technicality of not having two quarters of negative growth [given fudged statistics but that is another issue]. Yet I think most [even on CNBC] take the American economy to be in recession today.
  19. romans holiday

    GOLD

    Hi Steve Netwriter, I see you are a fellow kiwi! I am heading to NZ soon to stock up on silver and gold. Was thinking of using the New Zealand mint. Any suggestions?
  20. romans holiday

    GOLD

    Phew... just got through reading this post. Was exhausting but worth the effort. I am new to this site though have been familiar with HPC for some time. I am considering asking the moderators there to re-name it to something like G8 crash, in order to re-invigorate it, but I suspect that will not go down well. Such issues seem to be freely discussed here. To add to the conversation, I noticed a couple of pages back gold being compared to oil, dollars etc, with predictions were it could possibly go. I finally got round to reading Peter Schiffs book "Crash Proof" and was impressed with his use of the DOW/Gold ratio of the last century. After each boom in financial assets and with each bust [with each one going progressively higher than the previous] the ratio of the Dow to gold has returned to 1:1. I think most here would agree that gold priced in dollars is irrelevant if it is in terminal decline. The Dow is now I think half way down from its peak against gold in 2002. Where it was at 44 to 1, it is now somewhere around 14 to 1. This is the ratio to follow I think. If the Dow stays around where it is, we have around $12,000 for Gold. Perhaps the Dow will drop to 5000. Then again, The Dow could possibly go to 36000 if we had a chronic/ hyperflationary outbreak. I think the point is we need to really break our habit with dollar pricing things. This involves a paradigm shift, which most here have already evidently made. Some commentators refer to a paradigm shift in the world, which really means to say the world has changed. I think this word is more aptly used in referring to our own "world view". The volatility of currencies, commodities and the general price of things will confuse the hell out of people in the next few years, that is, if things unfold as I think they will. People will continue to be confused; tossed by this wave and blown by that wind, in so far as they are stuck in the old paradigm of the dollar. I believe the Dow/gold ratio will provide an effective compass when navigating the financial storm to come.
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