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nicejim

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Everything posted by nicejim

  1. They've got £8bn of taxpayer money to throw at something "environmental" and chose the last effective carbon saving measure possible. They'd do better by cutting VAT on energy saving lightbulbs and loft insulation (assuming they haven't already). Anyway, for those whose jobs allow them to afford solar panels, or whose unemployment allows them to get one for free, there is a tax-free 5-8% index-linked ROI available. And if you know a good sparky, you can apparently join the incoming and outgoing wires, thereby turning 7p into 44p for every KWh you buy. http://www.guardian.co.uk/commentisfree/20...-feed-in-tariff I wonder what they'll pay me to hook up my exercise bike to the grid...
  2. There's a section of the forum for people to keep diaries of their trading. It would be really interesting if you could show how following Legatus makes more money than Technical Analysis, or whether it makes any money. http://www.greenenergyinvestors.com/index.php?showforum=39 Maybe you're not aware, but the moderators on this forum often come down harshly on disrespectful posts because there's been a few problems with trolls in the past. If you could phrase your responses in a more advisory/less adversarial manner and lose the laughter smilies you'll probably fall under their radar.
  3. The land tax advocate was Henry George, not William George. http://www.google.com/url?http://en.wikipe...ki/Henry_George Not Fred Harrison's best video on the subject but it does a job of explaining the reasons for and benefits of a land tax. It's not to increase the amount of tax we pay! From: http://www.youtube.com/watch?v=ki-Od1MMa78 If a farmer cannot make a profit off his land then the taxable value is zero (unless there is money to be made by building houses on it etc, in which case he should). If he can make a profit then there will be a taxable value, but the whole point of a land tax is to shift the tax burden to non-productive things, so his income tax and corporation tax will be lower. UK Inheritance tax threshold is £325,000 and is transferable to a spouse, so £650k of a couple's wealth is passed on untaxed. The threshold was raised because of the number of people with houses which rose in value and took them into IHT territory. People demanded that unearned wealth should stay with the people who had accumulated it and that their own incomes should be taxed instead of that unearned wealth. The harder they worked, the more tax they paid, the more the country's wealth increased and the more wealth went to those who own the land. So we're a long way from acceptance of a land tax! The chart for #7 in the link below shows income rises for each income group in the pre-Reagan and post-Reagan eras. The increase in GDP goes predominantly to the high earners today whereas it used to be more evenly spread. Somehow, people have been convinced that the policies which might move things back to the pre-Reagan distribution of new wealth are a bad idea. http://www.businessinsider.com/are-resentm...american-2010-9
  4. nicejim

    GOLD

    Are you saying that your view of gold changes the way you expect people to behave?
  5. +1 I couldn't watch to the end, it was just too uncomfortable to watch.
  6. nicejim

    GOLD

    Because I'd have expressed that sentiment as "expected behaviour, has important consequences in terms of defining gold as a) money or a commodity or c) something else entirely."
  7. nicejim

    Moral Hazard A'Hoy

    New loans to old debtors?
  8. nicejim

    GOLD

    I think it's the other way round. You can't define gold as money and expect people to change their behaviour. You can only define it as money if you expect people to behave as if it is money.
  9. nicejim

    GOLD

    $0 in the London vault just now.
  10. nicejim

    GOLD

    "Gold, unlike many other commodities is not consumed, and therefore the traditional models and theories of supply and demand simply do not apply!" Ditto houses!
  11. nicejim

    GOLD

    "The supply of scrap gold...has remained surprisingly slow" http://www.ft.com/cms/s/0/16f72c6c-c73d-11...144feab49a.html
  12. nicejim

    Straight out of the horse's mouth

    "I don't understand it. I've now accepted the fact that we do." Some things don't need to be understood, just accepted.
  13. nicejim

    GOLD

    Compare and contrast with Bob Moriarty, who thinks Spanish nimbyists should not be allowed to prevent Bob Moriarty making a fortune whilst providing a few jobs for the locals. He'll be on a golf course far from the destruction by the time the acid mine drainage starts. http://www.321gold.com/editorials/moriarty...arty092210.html
  14. nicejim

    Moral Hazard A'Hoy

    They're bailing out the lenders, not the borrowers.
  15. nicejim

    GOLD

    Except he's not turning paper into gold. He's converting one method of payment deferral (debt) into another (gold).
  16. nicejim

    SILVER

    I'm troubled by comparisons with the gold spike as well as the silver one. Unless gold is spiking at the moment, which I think is unlikely, you could ignore the 1980 spike, take the high to be about $550 and then compare silver with no spike. Gold now: 1290 Gold then: 550 Silver now: 21 Silver then: 10-15 ish, maybe So gold is a higher multiple of its old "high" than silver is.
  17. nicejim

    GOLD

    MasterCard Worldwide is a leading global payments solutions company that provides a family of well-known, widely-accepted payment card brands including MasterCard®, Maestro® and Cirrus® and serves consumers, financial institutions, and businesses in over 210 countries and territories worldwide. Credit is money!
  18. Someone in The Telegraph writes that Adam Smith would be on Cable's side. Milton Friedman too: "There's a real distinction between being in favour of free markets and being in favour of whatever business does." http://www.telegraph.co.uk/news/newstopics...ince-Cable.html
  19. nicejim

    GOLD

    I know from experience. "If you use it, you are trading directly with BV" Not true. They do have bots trading for them, but not all trades are with the bots. "they don't tell you this" Not true. I was aware of this before using their system. "they basically rape you" Not true. I checked a few contracts to see whether the "P" was displayed prominently. It is. But also, there were orders which were matched partly by BV and partly by other BV users, and plenty of orders were matched below the price I bid. I can't say for sure whether I got the best possible price but if I paid less than I was willing to pay then I have no reason to complain. My usual technique was (I've not bought any in a while now) to put in a cheeky bid below all the listed offers, for a small amount of gold, and it was often immediately filled at or below that by BV.
  20. nicejim

    GOLD

    I know, but it's not a good idea to write or repeat things which are not true, especially considering BV have had to come here in the past to put things straight.
  21. nicejim

    GOLD

    I've sometimes got better than the best price available and when I've traded directly with BV there is a "p" on the contract to show this. I remember that they stated in their T&C that they sometimes take the other side of the trade. I've sometimes been charged less than I've offered but never more. I don't know how the word "rape" can be used to describe this.
  22. nicejim

    GOLD

    Hyperinflation is only a tiny part of the hyperinflationary scenario, so it's harsh to criticise on this detail. When the Pope arrives in the UK and they change the currency, THEN you'll get it.
  23. nicejim

    GOLD

    +1 but... For question 1 it depends on what you mean by a Dollar. For example, you might say you can't buy gold with French Francs but an old French banknote or coin still has retail value. Are those still Francs? I have a 26.73 gram coin which is 90% silver and the writing on it tells me it is a United States Dollar. I guess I'll always be able to swap it for gold, but is it a Dollar...or is it $16.04?. So, "Which of these two questions is easier to answer?" Err...neither
  24. nicejim

    GOLD

    Fake sovereign pictures from Chards. Maybe they're easier to spot "in the flesh"... http://www.goldsovereigns.co.uk/fakes.html
  25. nicejim

    HYPERINFLATION

    Pimco Makes $8.1 Billion Bet Against `Lost Decade' of Deflation http://www.bloomberg.com/news/2010-09-15/p...-deflation.html But before you get excited, they think deflation has a 25% chance (I'm not sure of the period) and are already positioned well for (mild) deflation. The new contracts also provided an income, which isn't easy to come by for bond funds at the moment.
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