tag:blogger.com,1999:blog-4490468598422095060.post3249992016654171315..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Living in a Powder Keg and Giving Off SparksFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger164125tag:blogger.com,1999:blog-4490468598422095060.post-56732310087489746152010-06-27T11:31:03.076-07:002010-06-27T11:31:03.076-07:00Sir Oldinvestor,
You said "There may come a ...Sir Oldinvestor,<br /><br />You said "There may come a time when actual paper money kept as a reserve will prove useful just as keeping a longer store of wealth in gold."<br /><br />I couldn't agree more, and I do keep a paper researve (bird in the hand type)<br /><br />In the summer of '07 I obsearved some big SHTF and decided I would need a really big umbrella to protect Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-11641880363104310402010-02-13T18:33:06.149-08:002010-02-13T18:33:06.149-08:00Hi Martijin, Jeff & Costata,
Thanks for your ...Hi Martijin, Jeff & Costata,<br /><br />Thanks for your input. After reading FOFOA’s 02/12 blog, I now understand where gold fits into my future. It will not be bought as an investment. It will be purchased instead “to store our excess wealth in the most universally liquid vehicle” and to stop supporting the fractional reserve system. I now understand that if every citizen took their entire Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-36597431641745009352010-02-13T08:19:43.107-08:002010-02-13T08:19:43.107-08:00Seems as if Jim Sinclair has begun to read the FOF...Seems as if Jim Sinclair has begun to read the FOFOA website and has received his first installment of "enlightment".<br /><br />@ FOFOA, THANKS again for your time and efforts expended on all the great articles.Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-37337107973368929382010-02-13T08:12:37.420-08:002010-02-13T08:12:37.420-08:00Per Jim Sinclair 2/12/10
"Greece is the Leh...Per Jim Sinclair 2/12/10<br /><br /><br />"Greece is the Lehman Brothers of the euro, making it harder to accept Soc Gen's position today that the euro is about to break up.<br /> <br />I see this as a crisis situation by design for the establishment, in time, of a single Western currency and a single Western central bank of central banks. Gold will then be attached at the hip in the Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63130944337424907892010-02-12T17:39:29.332-08:002010-02-12T17:39:29.332-08:00Hi All,
To put that US$56,000 number into context...Hi All,<br /><br />To put that US$56,000 number into context it has to be looked at as the inverse of the realisable value of the US Treasury securities it is offsetting. This is a catastrophe scenario where, say, a 2010 US$1 = 0.01 cent of purchasing power in the future and US debt is repudiated.<br /><br />Under that scenario you might need US$100 to buy one Euro. I'm not suggesting that costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63839842123322249062010-02-12T17:18:23.870-08:002010-02-12T17:18:23.870-08:002. china can't have all there people hold US d...2. china can't have all there people hold US dollars and they know they as a country are in huge risk if the only reserves they have are US dollars, so helping the people get gold from the rest of the world will help the Chinese gov on their ultimate plan of a gold/asset backed currency perhaps without showing that the gov are the big buyers. the Chinese gov lied about how much gold they Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81622848869560845702010-02-12T12:08:49.118-08:002010-02-12T12:08:49.118-08:00Sadly, I believe that, in the event of currency co...<i>Sadly, I believe that, in the event of currency collapse or even hyperinflation, any physical metals we possess theoretically should be worth a fortune but could in fact turnout to be almost worthless.</i> <br /><br />Real life tends to differ from theory, hence my remarks as well.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66612552129574339122010-02-12T10:56:11.456-08:002010-02-12T10:56:11.456-08:00Greta, here is what I think:
1. Gold may be made...Greta, here is what I think: <br /><br />1. Gold may be made illegal but will still trade on a black market. Making things illegal also increases their value. <br /><br />2. I don't know, and am not overly concerned. <br /><br />3. Legally to dealers or indiviuals. If illegal, black market. I use black market and free market interchangably, as I fail to see a difference between them.<br /><brJeffhttps://www.blogger.com/profile/08785185950964767294noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-33029663453373364602010-02-12T10:11:01.511-08:002010-02-12T10:11:01.511-08:00@Everyone,
I am not prepared as well as I should b...@Everyone,<br />I am not prepared as well as I should be. I am lacking the gold that I should now be holding. I have not purchased gold coins because I am plagued by the following concerns. <br /><br />In a US dollar collapse or hyperinflation scenario:<br />1. What position will the US government take regarding citizens ownership of physical silver and gold? I don’t believe they will try Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-29092939274542325132010-02-12T07:14:38.306-08:002010-02-12T07:14:38.306-08:00@ Martijn,
I understand your $56,000 point exactl...@ Martijn,<br /><br />I understand your $56,000 point exactly. If people are looking to gold as their savior I would caution them not to put all their eggs in one basket. Greta seems to have a much more balanced approach. Wealthy is not restricted to only monetary valuations. There are issues related to quality of life which have much less basis in the physical realm than they do in the mental Unknownhttps://www.blogger.com/profile/13981788037987341037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-62649097775072864472010-02-12T05:39:18.358-08:002010-02-12T05:39:18.358-08:00@Costata
You might indeed be on to something...!@Costata<br /><br />You might indeed be on to something...!Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88170009830188757592010-02-12T05:38:48.923-08:002010-02-12T05:38:48.923-08:00Btw, how do you guys feel about Greta and your gol...Btw, how do you guys feel about Greta and your gold?<br /><br />Some here seem to be anxiously waiting for 56,000 gold, but did you ever consider the fact that 56,000 gold might be the only thing standing at the same height as today? That the rest of civilization might have sunk a lot, leaving many off well below Greta's "level"?<br /><br />Those yellow bricks might make you Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-39275987696209665682010-02-12T02:30:41.040-08:002010-02-12T02:30:41.040-08:00@GG
I hope he's right. I've noticed Jim h...@GG<br /><br /><i>I hope he's right. I've noticed Jim has a tendency to exaggerate a bit at times, but in any case it's about damn time! </i> <br /><br />Jim has indeed made quite some ultimate calls that did not come true over the past year.<br /><br />On side note: although understandable, getting emotional over stuff does not aid a clear perception. Why not just look at things as Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-62349371627595800422010-02-12T02:27:50.847-08:002010-02-12T02:27:50.847-08:00Guys
I recently came across the best book I'v...Guys<br /><br />I recently came across the best book I've read in years: <a href="http://www.amazon.com/Ubiquity-Catastrophes-Happen-Mark-Buchanan/dp/0609809989/ref=sr_1_1?ie=UTF8&s=books&qid=1265970306&sr=8-1" rel="nofollow">Ubiquity, why disasters happen - Mark Buchanan</a>.<br /><br />Written by someone with a Phd. in physics it offers a highly interesting take on social, Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90923027866461375832010-02-12T02:24:01.667-08:002010-02-12T02:24:01.667-08:00@Greta
If you find the time you should certainly ...@Greta<br /><br />If you find the time you should certainly start a blog. I'm quite confident that enough people are interested in your undertakings and willing to read. And you might never know what you inspire, but it might very well be worth it, both for the readers and yourself.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5404607306872394692010-02-12T00:35:51.021-08:002010-02-12T00:35:51.021-08:00Hi FOFOA,
Thanks for the feedback.
"That wa...Hi FOFOA,<br /><br />Thanks for the feedback.<br /><br />"That was 1997. You may be onto something that would explain a decade-long reprieve."<br /><br />(A recap for other readers is at the end of this post.)<br /><br />I think the reprieve was obtained in two instalments. The first instalment was forced divestitures and "raids" on existing holdings.<br /><br />I haven't costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3171013667416327132010-02-12T00:13:05.768-08:002010-02-12T00:13:05.768-08:00It took me some time to find out this information ...It took me some time to find out this information :o) I wander why it is nowhere to be found.<br /><br />"Czech rep. sold their gold in September 1998 in two rounds. When CSFR (CSSR) split to Czech and Slovak rep. it had 102t, it was split to 63,289t and 39,137t. The first part of selling was 31t. Now Cz.rep has 13t.<br />Timing: http://www.the-privateer.com/chart/gold-pf.html<br /><br />@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-12977154227448392182010-02-12T00:03:02.313-08:002010-02-12T00:03:02.313-08:00Long time no see :o)
The BIS established its Repr...Long time no see :o)<br /><br />The BIS established its Representative Office in Hong Kong SAR on 11 July 1998 to contribute to the growing monetary and financial cooperation among central banks in Asia and the Pacific. The opening of the Office brought the BIS into Asia. Initially, it organised meetings and undertook research. Subsequently, the Asian Office dealing room was opened in 2000 to @mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-20464844363918451022010-02-11T22:57:19.830-08:002010-02-11T22:57:19.830-08:00John,
You won't ever be taking your gold to t...John,<br /><br />You won't ever be taking your gold to the store for bread. Gold will be liquid in the same way that fine art is today changing hands for all time record amounts of fiat, even during a supposedly deflationary recession. And don't forget Another's warning...<br /><br /><i>"When a thousand hungry lions fight over one scrap of food, small dogs should hide with whatFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85121960546187887582010-02-11T22:27:42.709-08:002010-02-11T22:27:42.709-08:00Nice sleuthing Costata. Maybe Another would have ...Nice sleuthing Costata. Maybe Another would have replied back to you in a similar way...<br /><br /><i><b>ANOTHER:</b> Mr. Aragorn, I offer my "Thoughts" to all and encourage persons to think, consider and discuss this new gold market. During our journey in life, it will be the "world events" that truly "fill in the blanks" as this "economic drama" unfoldsFOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-38549021053333622742010-02-11T20:31:52.129-08:002010-02-11T20:31:52.129-08:00@ Greta,
Kudos on your decisions to prepare with ...@ Greta,<br /><br />Kudos on your decisions to prepare with the garden and with animals. Both of which produce and reproduce. Gold is not the only hard asset. <br /><br />@ FOFOA,<br /><br />Do you believe that gold will still be SAFELY negotiable if it hits the Alf's number range? It seems to me that someone holding gold would become a target if or when word got out. It would be nice to haveUnknownhttps://www.blogger.com/profile/13981788037987341037noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91470293843531404652010-02-11T20:19:36.881-08:002010-02-11T20:19:36.881-08:00FOFOA,
Re: China's purchases of US Treasury s...FOFOA,<br /><br />Re: China's purchases of US Treasury securities.<br /><br />This is an addition to the timeline I submitted earlier (Part 1. All Roads Lead To China).<br /><br />For the sake of argument let's assume that the BIS and ECB negotiated a deal with China in 2001 to step into Japan's shoes and become the leading buyer of US Treasuries. My contention was that part of their costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86865256348492614972010-02-11T19:19:03.175-08:002010-02-11T19:19:03.175-08:00@costata, Tekin:
Thanks for your views.
@greyfox...@costata, Tekin:<br /><br />Thanks for your views.<br /><br />@greyfox:<br /><br />I hope he's right. I've noticed Jim has a tendency to exaggerate a bit at times, but in any case it's about damn time! BTW, from his posts it doesn't seem like he's aware of the whole Euro thing (ala A/FOA).EGhttps://www.blogger.com/profile/08973732578448639483noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-8870459591936310542010-02-11T19:07:38.389-08:002010-02-11T19:07:38.389-08:00More good news for freegold.
Per Marc Faber:
Pick...More good news for freegold.<br />Per Marc Faber:<br /><br />Picking up where he left off in his prior Bloomberg interview earlier this week, the author of the "Gloom, Boom and Doom Report" continues his bashing of the governments of all developed and overleveraged nations, which he claims will sooner or later default on their obligations. This could be the most scathing critique of theGreyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-49505953090947179032010-02-11T19:01:22.784-08:002010-02-11T19:01:22.784-08:00Per Jim Sinclair on 2/11/10
"Dear Comrades I...Per Jim Sinclair on 2/11/10<br /><br />"Dear Comrades In Golden Arms,<br /> <br />I sent an email to you awhile ago saying "This Is It," when it wasn't apparent.<br /> <br />Now, I am sorry to say, THIS IS THE END because it is becoming apparent.<br /> <br />Everything stands on the foundation of CONFIDENCE which is cracking rapidly."<br /> <br />Respectfully,<br />JimGreyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.com