tag:blogger.com,1999:blog-4490468598422095060.post5655654471883060809..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Brodsky on GoldFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger82125tag:blogger.com,1999:blog-4490468598422095060.post-25954923679682307502012-01-28T15:56:06.482-08:002012-01-28T15:56:06.482-08:00Your understanding of price is with in the context...Your understanding of price is with in the context of the current valuation, which is changing.<br /><br />http://fofoa.blogspot.com/2012/01/studebaker-effect.html<br /><br /><i>There is a force (the crisis devaluation), a fulcrum (what is being devalued against), and a load (the beneficiary or the winner).</i><br /><br />When you understand that BMW's and other things of value are the Nickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1811347472604419582012-01-28T07:46:05.524-08:002012-01-28T07:46:05.524-08:00"Franek:
We are on the trend now to 1oz gold ..."Franek:<br />We are on the trend now to 1oz gold for a BMW.<br /><br />In 1999 it took 183 oz. to buy a $55k BMW. Today, to buy a $55k BMW it takes only 40 oz. of gold. Of course, this trend accelerates as the fiat loses its value."<br /><br />not sure you guys really answered Franek's question. I came to this threat a yr late, ha but I think he has a pt. The problem with your somanyroadsinvestinghttps://www.blogger.com/profile/01188364725931819342noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75291378263171822422011-06-11T21:46:08.856-07:002011-06-11T21:46:08.856-07:00While Motley Fool seems to have left us, somewhat ...While Motley Fool seems to have left us, somewhat hurt, I found his final recommended suggestion for reading to be quite good. It is a 1946 booklet by Hazelit. It maybe well known to many of you but it was new to me. This man be a reflection at my newness to this topic but I found it to be a rewarding read. It defines many of the flaws in economic thinking by simply refuting common fallacies and Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41795533421656663142010-12-10T12:56:55.386-08:002010-12-10T12:56:55.386-08:00@ all
And enough with this BMW issue already!
1. Y...@ all<br />And enough with this BMW issue already!<br />1. You can work your a** off to get it or an oz of gold (moreover in freegold situation). Creating let`s say five times the value added for your company share holders, managers whatever destroying your health in the process.<br />2. You could just buy that damned BMW drive to the nearest gold-bearing river and sift through 20-2000tons of Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-13698021993782409232010-12-10T12:36:07.266-08:002010-12-10T12:36:07.266-08:00@ FOFOA et al
Are the Germans barking mad? Why on ...@ FOFOA et al<br />Are the Germans barking mad? Why on earth have they not demanded their physical gold back? Or is it all "leased" by their anglo-saxon "buddies"?Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-69496240248135271152010-12-09T07:14:42.391-08:002010-12-09T07:14:42.391-08:00Franek: So the question is whether to buy or rent ...Franek: So the question is whether to buy or rent in Los Angeles. Is there a third option like somewhere else besides L.A.? Because if L.A. is the only option because of work/family/ect. then I would rent so I could be mobile. The quickening pace of worldwide events tends to lead me to believe that 2011 is going to be a wild ride and the ability to walk away from a property in L.A. might be worthIndenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-13174832433221485722010-12-09T06:02:11.631-08:002010-12-09T06:02:11.631-08:00@Museice: 2-for-1 laughs :-)
"when the econo...@Museice: 2-for-1 laughs :-)<br /><br />"when the economy picks up" :-D<br /><br />"as gold has no industrial value" :-D :-D Stoppit! Stoppit!DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35554786959717790602010-12-09T05:56:16.477-08:002010-12-09T05:56:16.477-08:00"Investors are likely to get rid of gold when..."Investors are likely to get rid of gold when the economy picks up, as gold has no industrial value," said Alessandro Magnoli Bocchi, the chief economist of the Kuwait China Investment Company."<br /><br />I thought we could all use a laugh!Indenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-74506908739393054352010-12-09T01:14:02.623-08:002010-12-09T01:14:02.623-08:00@Franek: Apologies for not being more clear. Howev...@Franek: Apologies for not being more clear. However, yes, you do appear to have understood what I meant. Deflation, particularly in non-essentials, when priced in gold. Wendy has already offered a very good steer to FOFOA's excellent comparison of deflation/inflation/hyperinflation, so I won't attempt to present any more, inferior, clutter of my own! :-)DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-58782040455139456522010-12-08T22:56:14.776-08:002010-12-08T22:56:14.776-08:00FOFOA et al,
I do remember Another making mention ...FOFOA et al,<br />I do remember Another making mention of "total war"<br />..............thanks for sparing me from intense nagging!!Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15475691061924214332010-12-08T22:36:31.730-08:002010-12-08T22:36:31.730-08:00Hello Wendy,
No game changer there. That gold ha...Hello Wendy,<br /><br />No game changer there. That gold hasn't moved in decades. It's in the same place as when Another started posting. It is simply a fact of the system that a good portion of the world's official gold is held in vaults in New York, London and Switzerland so that it can be exchanged between sovereigns with minimal transportation cost. Short of <a href="http://FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81248223050248382512010-12-08T22:23:33.913-08:002010-12-08T22:23:33.913-08:00this is a point worth nagging about, do you really...this is a point worth nagging about, do you really want me to nag????? =8o]Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42786204567647314712010-12-08T22:09:44.195-08:002010-12-08T22:09:44.195-08:00FOFOA et al,
I think it has been littlepeople'...FOFOA et al,<br />I think it has been littlepeople's question at least two times regarding the US and UK holding foreign gold and how this might be a game changer.<br /><br />I beleive this is worth addresssing and look forward to a response from those of experience (or not)Wendyhttps://www.blogger.com/profile/17448815628676884529noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40737307320557364762010-12-08T16:22:44.626-08:002010-12-08T16:22:44.626-08:00Hello Franek-
"And, when you say “deflation ...Hello Franek-<br /><br />"<i>And, when you say “deflation will be very real”… you obviously mean deflation in terms of gold, right? Does this have anything to do with what FOFOA and/or Blondie once alluded to (if I remember and can paraphrase correctly) that deflation and hyperinflation have a lot more in common than many people believe and in essence are very alike, and that in a sense we Jennhttps://www.blogger.com/profile/06273650315087650694noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-55956097525234452522010-12-08T15:35:11.126-08:002010-12-08T15:35:11.126-08:00From student to student:
http://www.youtube.com/wa...From student to student:<br />http://www.youtube.com/watch?v=419aPXb7Uhg<br /><br />This vid explains asset deflation and inflation very well imho.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75865758599305716402010-12-08T15:32:25.207-08:002010-12-08T15:32:25.207-08:00One other strategy that has not been mentioned muc...One other strategy that has not been mentioned much about housing debt is that of selling out and radically downsizing so as to get out of debt. In other words, devaluating ahead of time. I know that the real estate market is down now, but if you can sell and get out from under the debt and relocate to a much smaller place that might be a strategy that works for some.<br /><br />Consider buying oldinvestorhttps://www.blogger.com/profile/09702919931459797506noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78768489651013859782010-12-08T15:04:56.572-08:002010-12-08T15:04:56.572-08:00DP, thanks for your thoughts and the sobering admo...DP, thanks for your thoughts and the sobering admonition. Like many here (I suppose) I too subscribe to the idea of living within one’s means and realistic expectations, so no problem there.<br />However, trying to read the blog regularly and striving to understand the discussion, I noticed that generally majority of people here tends to subscribe to the hyperinflationary end result…<br />And, Franekhttps://www.blogger.com/profile/17135822610625870566noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88325408551146818092010-12-08T14:45:46.788-08:002010-12-08T14:45:46.788-08:00Great post FOFOA and great conversations here.... ...Great post FOFOA and great conversations here.... thank you.<br /><br />DGYDavidhttps://www.blogger.com/profile/13514628815865334019noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60584461385378188612010-12-08T14:36:55.080-08:002010-12-08T14:36:55.080-08:00Franek,
Hyper-inflation will only reduce the '...Franek,<br /><br />Hyper-inflation will only reduce the 'cost' of paying down debt if you have a guaranteed source of the currency in ever increasing amounts.<br /><br />Who benefits from hyper-inflation?<br /><br />1. Governments with high debt denominated in their own currency because they can issue in ever increasing amounts.<br /><br />2. Bankers who are the first recipients of costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40649793869423869002010-12-08T14:33:46.495-08:002010-12-08T14:33:46.495-08:00:)
OK, you can try it if you like, buddy. You'...:)<br /><br />OK, you can try it if you like, buddy. You'll have the wherewithal I'm sure, but would you keep it long?<br /><br />I just didn't think everyone is quite on that page, and perhaps I should float that picture out there.DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-62524082114876470922010-12-08T14:14:52.740-08:002010-12-08T14:14:52.740-08:00DP:
"It won't be pretty, and you won'...DP:<br />"It won't be pretty, and you won't be flashing the yellow about town and rolling in a bling new BMW honeytrap with oversize spinners at each corner, parking it outside your new McMansion, your bitches waving to everyone out of the moon roof."<br /><br />It WON'T??? Awwwww, shucks! :(littlepeoplehttps://www.blogger.com/profile/03145556519095906058noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9946436565606016432010-12-08T14:03:47.296-08:002010-12-08T14:03:47.296-08:00@Franek: Personally, I don't expect either ren...@Franek: Personally, I don't expect either rents or RE prices to rocket. As littlepeople said earlier, most people won't have gold so there just isn't going to be a demand-led rise in price for non-essential stuff like that. People are going to be scraping to survive, they're not going to compete for choice property rentals and purchases. They'll move in with family.<br /><br DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-23558415412670847672010-12-08T14:00:30.400-08:002010-12-08T14:00:30.400-08:00Miked... I'm checking that link out now and a...Miked... I'm checking that link out now and at first glance there are lots of important issues that I can use... Thanks.Franekhttps://www.blogger.com/profile/17135822610625870566noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-24076040122457855932010-12-08T13:52:42.321-08:002010-12-08T13:52:42.321-08:00@miked: nice post@miked: nice postDPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9429151939939679022010-12-08T13:48:54.914-08:002010-12-08T13:48:54.914-08:00Thanks a lot littlepeople,
I truly appreciate tha...Thanks a lot littlepeople,<br /><br />I truly appreciate that! Thanks to you and other FOFOA bloggers, there seems to be a light at the end of a tunnel. The amount of knowledge, wisdom and hope on this blog is mind boggling. I can only hope to understand it in time to pass it on to many others I know that need it.Franekhttps://www.blogger.com/profile/17135822610625870566noreply@blogger.com