tag:blogger.com,1999:blog-4490468598422095060.post2085195841338961368..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Eastbound and DownFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger778125tag:blogger.com,1999:blog-4490468598422095060.post-80396777135947015212014-06-27T14:08:35.559-07:002014-06-27T14:08:35.559-07:00Who's employee is Merkel?
Are these sanctions ...Who's employee is Merkel?<br />Are these sanctions really applied?<br /><br />http://en.itar-tass.com/economy/738106simplemindedhttps://www.blogger.com/profile/08199910437503216725noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68921531506288836752014-06-26T22:52:09.897-07:002014-06-26T22:52:09.897-07:00Anand and DASK, Thankyou for your comments, I have...Anand and DASK, Thankyou for your comments, I have had some lightbulb moments. It's more simple than I was thinking. <br /><br />Thankyou too MF I am continuing to make my way through the entirety of the blog:)!Dimhttps://www.blogger.com/profile/07988960368037439895noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-67724381790525671262014-06-26T12:29:48.299-07:002014-06-26T12:29:48.299-07:00A well known person here, James Rickard, goes Hool...<a href="https://www.youtube.com/user/JamesRickardsProject/feed" rel="nofollow">A well known person here, James Rickard, goes Hooly...I mean Youtube. </a> :-)Dante_Euhttps://www.blogger.com/profile/13208538005188466169noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-8656559094103733032014-06-26T08:18:26.505-07:002014-06-26T08:18:26.505-07:00There was an interesting article on gold buried de...There was an interesting article on gold buried deep in the WSJ several weeks ago. It was by Lawrence Parks.The part that surprised me is:<br /><br />"With neither debate nor anyone voting for it, the dollar has been transmogrified into an ethereal concept of money without any tie to the physical world, created of nothing, and forced into circulation with legal tender laws. As Australian nearlynappinghttps://www.blogger.com/profile/12635868746382710692noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-59264625437951863072014-06-26T07:46:29.454-07:002014-06-26T07:46:29.454-07:00Hi Andrew Storm,
Let me know how these go,
"...Hi Andrew Storm,<br /><br />Let me know how these go,<br /><br />"You're looking for a crash in the USDX to indicate the imminent end, but I have always expected a spike in the dollar, and I think Another expected that as well. I have written in the past that we could even see the USDX spike (very quickly mind you, not a slow rise) to something like 150. "<br />http://JChttps://www.blogger.com/profile/07000226812139894480noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18185870784472510522014-06-26T02:16:02.109-07:002014-06-26T02:16:02.109-07:00Vizeet:
US is not interested in Iraq Oil, as long...Vizeet:<br /><br />US is not interested in Iraq Oil, as long as nobody gets it.Anand Srivastavahttps://www.blogger.com/profile/15616369007370348265noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21139569991922606292014-06-25T23:55:21.184-07:002014-06-25T23:55:21.184-07:00Dim:
I thought the price of gold in a country wil...Dim:<br /><br /><b>I thought the price of gold in a country will be based on that country's foreign reserves. If that country has a lot of foreign reserves then it would be a "strong" currency, no? So many foreign reserves = price of gold rising. Or do I have this the wrong way around?</b><br /><br />I don't think you want to think too much about Foreign Currency. In the presentAnand Srivastavahttps://www.blogger.com/profile/15616369007370348265noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-69948915857366617012014-06-25T22:48:08.880-07:002014-06-25T22:48:08.880-07:00Iran and Syria entered into Iraq, seems few countr...Iran and Syria entered into Iraq, seems few countries now don't care to listen US. It is interesting that US does not supports federal structure in Ukraine but is pushing for federal structure in Iraq.<br />A powerful Shia means stronger Russia. Stronger Russia means weaker US. Wait and watch who gets the Iraq oil -- Russia or US.vizeet srivastavahttps://www.blogger.com/profile/12572865674244378095noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75080554275439356252014-06-25T22:40:21.276-07:002014-06-25T22:40:21.276-07:00Hi Dim,
One trick is to simply imagine discrete e...Hi Dim,<br /><br />One trick is to simply imagine discrete events rather than 'balances'. It is simpler than you are making it; in short in a freegold world, settlement will be physical and not nearly so deferred as it is today. Gold will move against goods to balance trade flows.<br /><br />A surplus country is one that has sold extra goods net, and thus has net received extra currency DASKhttps://www.blogger.com/profile/06123620707472590249noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-67934566462854442392014-06-25T22:10:24.008-07:002014-06-25T22:10:24.008-07:00I found the article at zero hedge recently posted ...I found the article at zero hedge recently posted of interest related to FG called "Turkey's "200 Tons Of Secret Gold" Trade With Iran: The Biggest, Most Bizarre Money Laundering Scheme Ever?"<br /><br />Basically (in my interpretation) zero hedge takes the position that Turkey has a big trade deficit and is trying, or is? filling it with gold exports. It states that foodEric Chttps://www.blogger.com/profile/04462617777827661245noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40671642811657188322014-06-25T17:40:48.052-07:002014-06-25T17:40:48.052-07:00judie toy,
Obama plays with "special forces&...judie toy,<br /><br />Obama plays with "special forces" whether in Ukraine or Iraq, etc. of course in order to defend the dollar through oil and other resources controlI . I only say south stream.<br />A weak Europe, Russia in turmoil, China restrained with less resources and strong trade partners, there you have your strong dollar. But with Putin, who knows, maybe his strategy won'simplemindedhttps://www.blogger.com/profile/08199910437503216725noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-28365932717397340112014-06-25T10:44:17.038-07:002014-06-25T10:44:17.038-07:00Hi Dim
"Will a country be able to function i...Hi Dim<br /><br />"Will a country be able to function immediately post transition without any gold as a reserve?"<br /><br />Yes. All that is required is that they open a two-way market in their own currency. <br /><br />"If I understand freegold correctly, a surplus country will have lots of foreign currency in reserve meaning gold will be priced highly in that country's Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5108533922648894432014-06-25T10:00:19.246-07:002014-06-25T10:00:19.246-07:00Hey can you guys help point me to a particular FOF...Hey can you guys help point me to a particular FOFOA article. There was a point made that when Freegold happens, the dollar should actually rise first because everyone buys something then the dollar collapses as everyone tries to exit the currency. I don't remember how this event was thought out and am trying to think it through again myself. Any help greatly appreciated, thanks<br />Anonymoushttps://www.blogger.com/profile/13084475367967675680noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86472785154809623622014-06-25T08:59:10.880-07:002014-06-25T08:59:10.880-07:00@Dr Boer
Which is why I agree with FOFOA that we ...@Dr Boer<br /><br />Which is why I agree with FOFOA that we will see a top down transition not a bottom up transition. The average person will be the last to recognize the real value of gold, but make no mistake, the transition will happen, and it does not require any of us to give our consent and or participate by buying or even valuing goldSamhttps://www.blogger.com/profile/10367798579558760660noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-38793764249631838062014-06-25T08:13:15.586-07:002014-06-25T08:13:15.586-07:00From koos Jansen and the ingoldwetrust site:
http...From koos Jansen and the ingoldwetrust site:<br /><br />http://www.ingoldwetrust.ch/lbma-forum-singapore-sge-chairman-confirms-chinese-gold-demand-in-2013-hit-2000-mt<br /><br />A few snips:<br /><br />Mr. Xu started his speech by referring to the official figure of demand for the Chinese gold market 1189 tons, as published by WGC, but mentioned twice that the figure for consumption is likely kobajashihttps://www.blogger.com/profile/08671699161963841034noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88617699207533703392014-06-25T08:10:03.816-07:002014-06-25T08:10:03.816-07:00Dr.Boer
Most people are correct, gold means little...Dr.Boer<br />Most people are correct, gold means little now and those who hold it are 'queer and irrelevant.' The message is that this situation will change. The only way to gain is to recognize what the big guys think before there is a change. After these changes occur I'm willing to wager the folks around you will have a different view point.Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73893826841608659832014-06-25T08:10:02.827-07:002014-06-25T08:10:02.827-07:00BaronSilverBaron = PressedBaronSilverBaron = <a href="http://www.urbandictionary.com/define.php?term=pressed" rel="nofollow">Pressed</a><br /><br />Victoryhttps://www.blogger.com/profile/05302781562606354091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27769906815683482942014-06-25T07:37:00.385-07:002014-06-25T07:37:00.385-07:00Simpleminded,
I believe the US is militarizing th...Simpleminded,<br /><br />I believe the US is militarizing the Ukraine's Nazi not to invade Russia but to force the Russian to continue supporting the dollar reserve status.<br /><br />We did the same in Iraq to prevent the Iraqi government to sell their oil in euro, ruble and yuan. Obama is defending the dollar just as Bush did, the only difference between the two is that Bush used our own Anonymoushttps://www.blogger.com/profile/11549600175768519514noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42608098222613836742014-06-25T03:18:24.055-07:002014-06-25T03:18:24.055-07:00@TESTING: In my corner of the EU, gold is not repr...@TESTING: In my corner of the EU, gold is not represented in any way in the mentality of the population. When selling scrap gold, people are pleasantly surprised how much they get (they don’t know that they receive generally 70 to 80% of the "purified" value).<br /> This week, my newspaper had an article on a medieval treasure of gold coins recently unearthed. The article never ever Dr, Boerhttps://www.blogger.com/profile/09428307785708990027noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82795202503925428432014-06-25T01:25:49.055-07:002014-06-25T01:25:49.055-07:00Anand, thanks heaps for your reply. You wrote: If ...Anand, thanks heaps for your reply. You wrote: If the currency is weakening, price of gold will be rising. <br /><br />I thought the price of gold in a country will be based on that country's foreign reserves. If that country has a lot of foreign reserves then it would be a "strong" currency, no? So many foreign reserves = price of gold rising. Or do I have this the wrong way Dimhttps://www.blogger.com/profile/07988960368037439895noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79803518291849586542014-06-24T20:47:02.042-07:002014-06-24T20:47:02.042-07:00Baronsilverbaron,
There is a lot about freegold th...Baronsilverbaron,<br />There is a lot about freegold that I do not understand. I am far from an economist. But I do know people. The fact that you still check in and post, speaks volumes. Canadarobhttps://www.blogger.com/profile/06594921079510712131noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35489373170281086142014-06-24T13:08:32.746-07:002014-06-24T13:08:32.746-07:00http://www.gata.org/files/Incrementum-InGoldWeTrus...http://www.gata.org/files/Incrementum-InGoldWeTrust-2014.pdf<br /><br />I was surprised to see that FOFOA is quoted.., (on page 54).JJhttps://www.blogger.com/profile/10378905140000477459noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-61708184377331770872014-06-24T12:30:00.633-07:002014-06-24T12:30:00.633-07:00My prediction is the Moses will not come down from...My prediction is the Moses will not come down from the mountain until there are at least 1000 comments.<br />Keep talking.BaronSilverBaronhttps://www.blogger.com/profile/11399129917094350685noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-45964159262860245002014-06-24T10:36:00.353-07:002014-06-24T10:36:00.353-07:00But, just for the sake of the exercise, what if &...But, just for the sake of the exercise, what if "the gold is not there"?<br />Or, in a more realistic scenario, what if:<br />- part of the gold of the EZ is in its own possession<br />- part of the gold is not there (soldm, leased, whatever)<br />- part of the gold is in the US, and the US refuses to let it go (ask Germany)<br /><br />What happens to the Euro structure? (line one Testinghttps://www.blogger.com/profile/13940753178995330091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78234090169241305432014-06-24T06:45:02.436-07:002014-06-24T06:45:02.436-07:00Dim:
If the currency is weakening, price of gold ...Dim:<br /><br />If the currency is weakening, price of gold will be rising. People will be having problems due to inflation, this will cause some to sell gold for survival, and others to sell gold for buying assets, which would be cheaper. Remember when economy is weak, prices of daily need stuff are rising while prices of assets are falling. So assets will be cheaper than what they would be in aAnand Srivastavahttps://www.blogger.com/profile/15616369007370348265noreply@blogger.com