dom

Here's your chance, Bill has just logged in. Click my sig.

It's easier to click the link in my sig. However, if you want to argue the case for a gold standard, register and post away. Should be a good scrap if some of the heavyweight here get involved.

But well worth the effort whether you agree with him or not.

Hey, that "good" money is worth more bad money than it was yesterday! Bill don't like gold too much, find out why.

feels good!

Who's got short positions on US treasuries?

Fascinating times we live in.

I watch the COT and open interest reports. In my experience, when they show extremes, like now, it is always followed by a big move. We will see a breathtaking rally in the next few weeks. 100% guaranteed

You can play that game with anything - it's meaningless. I have a 1981 Volvo 244dl sitting in the field. There's not many left in the world and they aren't making anymore. I could use your methodology to value it but it would be futile if I wanted to sell. "They" produce arbitrary amounts of everything, so watch out? I have no interest in either, unless to short when the time comes. It some gold owners who appear more concerned.

And the money will come from where? Why the interest in the nominal value? Does your gold by the same amount of oil, wheat, sugar, land, etc as it always has? Deep irony.

It's been a good £ hedge. I wouldn't put my life's savings in it. However, for those who have, if Bubble Vision start shouting buy, watch out below.

That's the game unfortunately. You have to take it on the chin. If you really want to make a hash of it you'll sell now - don't. The fundamentals haven't changed. My situation. I hold PM within my pension only. I don't care what anyone has to say about paper, so don't bother. I remember the gold bear and if anyone here does they will understand what happens to physical gold. I'm looking at PM's over the next five years. If it doesn't happen then the time span changes to twenty years. I'm not interested in short term volatility other than from the POV of reading posts written by people who've speculated with money they may need in the next five years to catch the bottom of the property market.

Just dropped through $740.

He's into the hyper inflationary depression thing. This would mean treasury yields soaring as the debt is dumped. One thing that's still being bought are treasuries - safety play. At some point there will be a very large sell off and subsequent tsunami of dollars that will hit everything tangible - there's the velocity right there.

That's a shame.