tag:blogger.com,1999:blog-4490468598422095060.post5174155643095884212..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: My Candid View – Part 3FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-4490468598422095060.post-70860761704628873832013-08-19T22:11:30.924-07:002013-08-19T22:11:30.924-07:00Dimitri
From my understanding Another proposed tw...Dimitri<br /><br />From my understanding Another proposed two possibilities for the endgame. Either the euro experiment works, or everything breaks and we lose our Misean regression linkage. You seem to be talking about the latter, whilst the former is in play.<br /><br />Yet, all paper, it will still burn.<br /><br />TF <br />Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40482134257621461202013-08-19T18:47:56.052-07:002013-08-19T18:47:56.052-07:00My dear FOFOA:
Love the blog and the energy and r...My dear FOFOA:<br /><br />Love the blog and the energy and regret joining in here just to carp. <br /><br />Was intrigued by your scenario for the revaluation of gold (see postscript). Still pondering same.<br /><br />Another posited a different scenario: all paper will burn when the oil-gold-dollar nexus breaks. Your picture of scarcity at the top might constitute such a break. Is that what you Adminhttps://www.blogger.com/profile/04942033457041814117noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-4558122472699706472013-08-17T02:08:37.410-07:002013-08-17T02:08:37.410-07:00Nice post FOF. OA.
Biju, we will soon see another...Nice post FOF. OA.<br /><br />Biju, we will soon see another Varadrajan Mudaliar or Haji Mastaan or Dawood Ibrahim if it carries on this way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82845335791434240102013-08-17T00:31:33.381-07:002013-08-17T00:31:33.381-07:00Part 4 is up!Part 4 is up!FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-59084027352192742852013-08-16T23:11:35.627-07:002013-08-16T23:11:35.627-07:00In India now. Talked to a medium sized jeweller du...In India now. Talked to a medium sized jeweller during buying some items. <br /><br />Previously they used to book using scotia Bank and pay only after taking delivery at the prevous booked price. But now due to Indian govt regulation, they have to pay full at booking and if price changes, they pay the difference also during taking delivery. So they have now started using smuggled gold from Bijuhttps://www.blogger.com/profile/02244761585623384771noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87527714165190522642013-08-16T22:46:46.179-07:002013-08-16T22:46:46.179-07:00@ Grumps LaBastard
From a shrimps` perspective.
I ...@ Grumps LaBastard<br />From a shrimps` perspective.<br />I save in gold because its easy. Putting 5% an year in gold will not hurt my main business where I can earn my 15+% capital gains. This way I can stay focused and not spend much time trying to protect my wealth from the whims of the market/currency/tax situation. Besides when I grow old I can let go the reins of business more easily. Not Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63359880933363269582013-08-16T22:30:10.761-07:002013-08-16T22:30:10.761-07:00Grumps:
Let me ask you a question. All through 201...Grumps:<br />Let me ask you a question. All through 2011 to 2013 Gold has been going down in Rupee. Why still people are buying more and more gold, When Interest rates given by Banks are around 10% per annum.<br /><br />If you can explain that, you will be able to understand your question if you can understand the above situation.<br /><br />We do not have faith in our currency, as a tradition.<Anand Srivastavahttps://www.blogger.com/profile/15616369007370348265noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63497012693526218712013-08-16T21:22:19.686-07:002013-08-16T21:22:19.686-07:00@Grumps
Like most of your questions they have bee...@Grumps<br /><br />Like most of your questions they have been answered within the blog and in the comment section. <br /><br />The same reason a person would not hold gold if they could earn a 20% ROI on a business venture. Gold will be a timeless wealth reserve for those looking to save over generations. You seem to think it needs to outperform short term lending of your capital to banks or Samhttps://www.blogger.com/profile/01397128468234177166noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52972657854297508632013-08-16T21:13:17.385-07:002013-08-16T21:13:17.385-07:00Grumps, because the year would be 1980, not the pr...Grumps, because the year would be 1980, not the present.JChttps://www.blogger.com/profile/07000226812139894480noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31890758270532176682013-08-16T20:15:04.623-07:002013-08-16T20:15:04.623-07:00Did anybody ever reconcile why a saver would be ov...Did anybody ever reconcile why a saver would be overweight gold if a REAL positive rate could be had on a currency?<br /><br />Why a saver would chose to eat principal(dishoarding gold over time), rather than make the principal work for him in a positive real rate world?<br /><br />Why a young person, who actuarially can't save enough for retirement, would chose to save in a non-yielding Grumps LaBastardhttps://www.blogger.com/profile/14516927214877780910noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54957288846901828772013-08-16T20:00:13.015-07:002013-08-16T20:00:13.015-07:00Alex in Montana, your analogy makes no sense becau...Alex in Montana, your analogy makes no sense because this is about a functional change of the physical item. Oil's function is not changing. What about gold's best and highest use? For a country to leave gold reserves in the ground is all part of this changing function to a securely storable wealth reserve.JChttps://www.blogger.com/profile/07000226812139894480noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76854063062147659952013-08-16T19:53:13.990-07:002013-08-16T19:53:13.990-07:00@Alex in Montana: A better analogy would be oil at...@Alex in Montana: A better analogy would be oil at $5,000 per barrel. At $200 per barrel in "normal" economic times the politicians would be screaming for excess profit taxes or nationalization of the oil industry (either for "fairness" or national security). Can you imagine the response at $5,000 per barrel? This has been discussed here many times. I see you still haven'tAThttps://www.blogger.com/profile/06347668287413314992noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89223532820024152092013-08-16T18:01:56.871-07:002013-08-16T18:01:56.871-07:00That "forecast" from Jessie, wishy washy...<br /><br /> That "forecast" from Jessie, wishy washy as it is, exemplifies, for me, why he is not worth reading.<br /><br />Even if we one is apt to think that paper gold will find that butt load of support, who can take a forecast seriously that is so equivocated? It's just the sort of crap that one can just as easily disavow as take credit for. Why bother?<br /><br />Alex in Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75429592105686540352013-08-16T18:00:07.754-07:002013-08-16T18:00:07.754-07:00This comment has been removed by the author.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27802469200335283082013-08-16T17:37:16.267-07:002013-08-16T17:37:16.267-07:00Alex in MT
if that is the way you are reading thin...Alex in MT<br />if that is the way you are reading things here I suggest having your comprehension check....it's that thingy next to the carburetor...Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87145327472584624982013-08-16T17:32:24.310-07:002013-08-16T17:32:24.310-07:00Grumpy,
Searching through your comment for someth...Grumpy,<br /><br />Searching through your comment for something that merits a response...<br /><br />Nope. Guess not.<br /><br />CheersbyiamBYounghttps://www.blogger.com/profile/13175869237170162943noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65458864309139162312013-08-16T17:28:22.098-07:002013-08-16T17:28:22.098-07:00Speaking of support for paper gold, WTF zup with G...Speaking of support for paper gold, WTF zup with GLD?<br /><br />Why would it go UP, given the trend lately?<br /><br />My guesses:<br /><br />-Truly disconnected people jumping in because gold is supposed to rise.<br /><br />-Some kind of covering move to confuse the totally obvious pattern of the drain<br /><br />In my mind, I have to think it's just dumb money jumping in at a really, Thom Ketringhttps://www.blogger.com/profile/02684413058300074836noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65622236305862972572013-08-16T17:18:27.842-07:002013-08-16T17:18:27.842-07:00Alex,
Indeed magical thinking and naivete abound ...Alex,<br /><br />Indeed magical thinking and naivete abound in the FG thesis. It could easily have been in the original cut of Zeitgeist: Addendum, asserted as an emergent system of the Venus Project, but ended up on the cutting room floor.Grumps LaBastardhttps://www.blogger.com/profile/14516927214877780910noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57158368735066301752013-08-16T16:53:01.300-07:002013-08-16T16:53:01.300-07:00@M
I still like to think of Giants as Super Produ...@M<br /><br />I still like to think of Giants as Super Producers. People who's production is so profitable that they have no need to earn more profits. They experience marginal utility in all things. They have so much that they aren't trying to grow their wealth just maintain it. Even lose some of it for stabilities sake. Spending their money moves markets and damages balance. Samhttps://www.blogger.com/profile/01397128468234177166noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32633968922463395812013-08-16T16:41:38.905-07:002013-08-16T16:41:38.905-07:00@Matrix
I wouldn't know when or how to time i...@Matrix<br /><br />I wouldn't know when or how to time it, but I think a very profitable bull trap is being set up and allowed to fester. Imagine the shock when every fundamental points to gold rising and rising in a nice orderly bull run only to plummet below every conceivable floor, even the cost of production. Just a thought who knows what will happen. It's a total casino in my Samhttps://www.blogger.com/profile/01397128468234177166noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-73719878932548901682013-08-16T16:35:06.623-07:002013-08-16T16:35:06.623-07:00@Alex
I think FOFOA's speculation in regard ...@Alex <br /><br />I think FOFOA's speculation in regard to mining fits well with human nature and the governments they put in power. Anything "in the ground" belongs to the people does it not? In fact almost all land belongs to the government, you do pay yearly property taxes don't you? Subject to eminent domain? And I'm just talking about the land of the free. There isSamhttps://www.blogger.com/profile/01397128468234177166noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-37633745980867219562013-08-16T14:19:38.493-07:002013-08-16T14:19:38.493-07:00From Jesse:
"I am loosely forecasting gold t...From Jesse:<br /><br /><i>"I am loosely forecasting gold to hit $2500 over the next 12 months, but that depends on such large exogenous variables that the forecast is highly tentative for now."</i><br /><br />That is a butt load of support for paper gold. Where oh where will it come from?<br /><br />MatrixSentryhttps://www.blogger.com/profile/09596302565970318340noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21470841097085064922013-08-16T13:18:58.317-07:002013-08-16T13:18:58.317-07:00Is Eric Sprott a big shrimp or a little giant?
...Is Eric Sprott a big shrimp or a little giant? <br /><br />I really don't have any idea what the net worth of a giant is... Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1396993525149538382013-08-16T11:56:58.837-07:002013-08-16T11:56:58.837-07:00Keep on writing Fofoa!
I guess the silence here co...Keep on writing Fofoa!<br />I guess the silence here confirms your thoughts.<br />Kind regards,orehttps://www.blogger.com/profile/09693404023411319440noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14086885545622608712013-08-16T10:30:36.932-07:002013-08-16T10:30:36.932-07:00So the issue for me, as a producer, is how do I ge...So the issue for me, as a producer, is how do I get through transition with my SOV intact so it can be invisible instead of absent. Do I have enough to avoid <a href="http://fofoa.blogspot.com/2011/04/deflation-or-hyperinflation.html" rel="nofollow">struggling to meet other skyrocketing expenses like property taxes and, uh, food</a>? I mean, if wages won't keep up, prices won't keep up.Freegold Dadhttps://www.blogger.com/profile/05621320878999703837noreply@blogger.com