tag:blogger.com,1999:blog-4490468598422095060.post4689057182165161066..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Open ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger64125tag:blogger.com,1999:blog-4490468598422095060.post-60668481988045800692010-09-29T23:34:31.096-07:002010-09-29T23:34:31.096-07:00Great site. Just found Another's full truth. A...Great site. Just found Another's full truth. Armed with this knowledge and everything else I know about the world, I am now able spot buffoons (Niall Ferguson, total shill- anti EU-anti CHina -paper bug extraordinaire) on TV a mile away now! Most importantly, I can see what they're up to! The paper bugs! <br /><br />Can't wait for this system to collapse.<br /><br />Gold=Freedom!Nicolashttps://www.blogger.com/profile/16781867078275085666noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-43717472452820524982010-09-29T19:59:19.701-07:002010-09-29T19:59:19.701-07:00@ Michael,
As to what's breaking down now, pr...@ Michael,<br /><br />As to what's breaking down now, pretty sure it's the USD. <br /><br />They appear to be "seeding the market" so the administration's supporters will accept it.<br /><br />http://krugman.blogs.nytimes.com/2010/09/25/default-is-in-our-stars/?src=twt&twt=NytimesKrugman<br /><br />It's just that everyone hasn't caught on to exactly what that Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32803934749818087722010-09-29T19:55:07.367-07:002010-09-29T19:55:07.367-07:00@ Michael H
"I am still thinking about how ...@ Michael H <br /><br />"I am still thinking about how the dollar has lasted through this decade."<br /><br />What you proposed sounds right, also consider that they used naked shorting of physical via the paper markets, by hiding dollar debasement in the real estate and derivative markets, and by gaming the economic indicators (CPI, unemployment, etc.).<br /><br />"I realize that Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1767902819710259932010-09-29T16:39:31.420-07:002010-09-29T16:39:31.420-07:00I am still thinking about how the dollar has laste...I am still thinking about how the dollar has lasted through this decade. Some more ideas:<br /><br />6. 'Browns Bottom', selling the UKs gold hoard, essentially bailing out the gold industry and allowing paper prices to begin to rise without the unraveling of the system that A / FOA expected when the Euro came online in 2001.<br /><br />7. China supporting the US dollar financial system, Michael Hhttps://www.blogger.com/profile/08900572113023618278noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-83638894729727314462010-09-26T21:40:08.124-07:002010-09-26T21:40:08.124-07:00FOFOA, Are U in San Diego?FOFOA, Are U in San Diego?Greeniehttps://www.blogger.com/profile/16723475560144858107noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66169983544255017652010-09-26T07:13:22.973-07:002010-09-26T07:13:22.973-07:00I also would like to know your take on whether the...I also would like to know your take on whether there is still any gold left in fort knox.Unknownhttps://www.blogger.com/profile/01699671292301963353noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42458518254130623332010-09-24T21:39:14.367-07:002010-09-24T21:39:14.367-07:00Now that it is Saturday morning (early!) I would l...Now that it is Saturday morning (early!) I would like to toss out some thoughts re personal action we can take into our Forum.<br /><br />1) I have a really dismal record of predicting the future (ask my family and friends). I need more time to better get Freegold completely understood, but, I accept a Freegold world as very possible. But, not guaranteed. I have, myself, resolved such not Robert Mixhttps://www.blogger.com/profile/12141824576251526483noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87485494544132171592010-09-24T17:42:56.340-07:002010-09-24T17:42:56.340-07:00Yes, FOFOA you did use so, not very. But, of cours...Yes, FOFOA you did use so, not very. But, of course, both the use of so and very in conjunction with unique are wrong, very wrong. So there! <br /><br />Word has it that a few of The Founding Fathers tried to have <br />"more perfect union" removed from The Declaration of Independence, but it had already gone to the printer.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34719494042333497832010-09-24T16:58:16.237-07:002010-09-24T16:58:16.237-07:00Touché Edwardo,
But I would argue that there is a...Touché Edwardo,<br /><br />But I would argue that there is a qualitative difference between the use of "so" (which I used) and "very" (which you used) when placed before "unique." <br /><br />The term "so unique" is a common phrasing while "very unique" is not as common. "What is so unique about that?" "Why is it so unique?"FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-64630308132825924132010-09-24T16:26:07.699-07:002010-09-24T16:26:07.699-07:00Pardon my pedantry, FOFOA, but use of the word uni...Pardon my pedantry, FOFOA, but use of the word unique does not allow for a modifier such as "very" because the definition of unique is one of a kind.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26152999106983983922010-09-24T16:16:36.745-07:002010-09-24T16:16:36.745-07:00And as either of these things happen or they both ...And as either of these things happen or they both happen together we end up with a self-sustaining regression spiral. Where today's demand is determined by yesterday's performance. This applies to both physical gold and paper gold, and the spiral will have separate effects on each portion of the market. It will be the cause of the separation and the result will be a flood of paper and FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-49707482141820156072010-09-24T16:14:14.510-07:002010-09-24T16:14:14.510-07:00Hello Miked,
It seems to me that you are using a ...Hello Miked,<br /><br />It seems to me that you are using a snapshot view of a complex dynamic system to justify your view that it cannot fail. Or at least, to say that at any given moment a failure could be patched up and retracted by TPTB with their gold. Unfortunately for them, it doesn't work that way. Here are a few problems I have with your simplistic view. <br /><br />You cannot FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68188976950829022992010-09-24T15:43:36.636-07:002010-09-24T15:43:36.636-07:00miked
ya i agree, i was just saying what Adrian&#...miked<br /><br />ya i agree, i was just saying what Adrian's answer was.<br />i dont know how big the gold market is but what i do know is there isn't enough available now to go around to everyone at these prices.Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-38448555839595001822010-09-24T15:01:29.527-07:002010-09-24T15:01:29.527-07:00Michael, I understood that you were not personally...Michael, I understood that you were not personally advocating another bubble. I'm simply offering my view that another bubble-the inevitable popping of which- will simply speed us towards the dissolution of the dollar. Having said that, it is obvious that "their" levers do but one thing, create bubbles. The monetization has simply furthered a bond bubble, even as they are trying to Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-38141403420949634922010-09-24T14:12:13.722-07:002010-09-24T14:12:13.722-07:00Hi Mike
Annual turnover doesn't say much abou...Hi Mike<br /><br />Annual turnover doesn't say much about holdings. I read a 20 trillion $ a year figure just for the LMBA but it doesn't say much about the magnitude of exposure to a delivery event. Gold is bought and sold 20 times a day by some traders and all positions closed out by the end of the day. With the leverage you can get these days even a small player can create huge daily mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-67785628013439037542010-09-24T13:50:08.438-07:002010-09-24T13:50:08.438-07:00Hello Desperado
Unfortunately Faber wasn't sp...Hello Desperado<br /><br />Unfortunately Faber wasn't speaking of voluntary purchases. Here is the source. Maybe you can find a video upload of the event.<br /><br />http://www.marketwatch.com/story/dr-doom-still-bullish-on-gold-2010-09-17mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15107822171865706632010-09-24T11:53:39.160-07:002010-09-24T11:53:39.160-07:00@ Edwardo:
Let me try to clarify my earlier state...@ Edwardo:<br /><br />Let me try to clarify my earlier statements:<br /><br />"A new credit bubble is needed (in order to continue to expand credit and preserve the existing dollar system). Can gold be made the next bubble? It has been rising in price, so only a bit of marketing ... (in order to involve the masses in the mania, and to keep the mania in a 'paper gold', 'western Michael Hhttps://www.blogger.com/profile/08900572113023618278noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-10889326877211401262010-09-24T11:37:18.296-07:002010-09-24T11:37:18.296-07:00Mike wrote:
"A new credit bubble is needed. ...Mike wrote:<br /><br />"A new credit bubble is needed. Can gold be made the next bubble? It has been rising in price, so only a bit of marketing and some financing (a crucial component of parabolic bubble phases) could put it well into bubble territory. Or silver/platinum/palladium, if playing with the gold market is too dangerous."<br /><br />First, a few prefacing comments.<br /><br /Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-47924858939227555362010-09-24T11:00:12.434-07:002010-09-24T11:00:12.434-07:00So my point about the numbers I posted about chang...So my point about the numbers I posted about changing CHF and then being able to buy more gold in Euros than £ or $, shows your theory of <br /><br />"because the price of gold will be relatively stable in Freegold. But sales taxes only raise the price of a good in your zone, which, only in the case of gold, weakens the currency you print. The lower the price of gold in your zone, the more ebikeguruhttps://www.blogger.com/profile/09287545925693281736noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85572078458258800482010-09-24T10:14:12.589-07:002010-09-24T10:14:12.589-07:00When I go to page 2 of the last posts (part 3) com...When I go to page 2 of the last posts (part 3) comments, it's completely blank under comments 201-226?? A few days ago I could see 201-207 but now nothing. Any ideas about how to remedy this??? <br /><br />Thanks,<br />WendyWendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78360018661433313342010-09-24T09:54:19.184-07:002010-09-24T09:54:19.184-07:00@desperado
"SNB buying gold from the Swiss b...@desperado<br /><br />"SNB buying gold from the Swiss banks to try to depreciate the Franc" <br /><br />They bought at 1.20 and got out at 1.38ish I believe....was it not then just a good currency trading move to make some money on the SNB's part!!??!ebikeguruhttps://www.blogger.com/profile/09287545925693281736noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-23132188270524157572010-09-24T09:34:46.480-07:002010-09-24T09:34:46.480-07:00@miked, I spent the last 30 minutes looking for th...@miked, I spent the last 30 minutes looking for the Faber comments and couldn't find it. Do you have any more details (where you saw it)?<br /><br />Faber sees to have some issue with Switzerland, I don't know what it is. It can be a very frustrating land to live in.<br /><br />My guess is that he was talking about the SNB buying gold from the Swiss banks to try to depreciate the Franc,Desperadohttps://www.blogger.com/profile/16215858025835016523noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79250003397684072622010-09-24T08:55:51.266-07:002010-09-24T08:55:51.266-07:00miked
i remember a KWN interview with Adrian Doug...miked<br /><br />i remember a KWN interview with Adrian Douglas and the whistle blower and he mentioned its a 5T per year paper gold market and the biggest by far for all commodities as most people would guess oil first.Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-83022303965179329212010-09-24T08:45:02.777-07:002010-09-24T08:45:02.777-07:00A question about empirical evidence.
There's ...A question about empirical evidence.<br /><br />There's a fair bit of talk here about how letting the paper gold market go would take the economy down. And defending it supposedly would empty Fort Knox in a heartbeat. Has anyone dug into the size of the paper gold market? I had a dig and all I could find was that the LMBA turns over 80 billion$ a day. Turnover, however is not indicative of mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-28442049192274689632010-09-24T08:32:40.555-07:002010-09-24T08:32:40.555-07:00Desperado you might be interested in Marc Faber...Desperado you might be interested in Marc Faber's recent comments indicating the Swiss are likely to force government purchases of gold stored at banks. My gold is in CH too and this caught me off guard as I thought Switzerland was gold friendly. Considering Faber is Swiss and meets all the movers and shakers I think it's worth considering.mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.com