tag:blogger.com,1999:blog-4490468598422095060.post6128805002626949241..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Stress ReliefFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-4490468598422095060.post-87582897790347565592010-06-19T17:40:05.533-07:002010-06-19T17:40:05.533-07:00Here's a dot.
Vietnamese banks offering inter...Here's a dot.<br /><br />Vietnamese banks offering interest on gold deposits - http://www.gata.org/node/8741Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78532803552556243652010-06-06T20:27:01.383-07:002010-06-06T20:27:01.383-07:00Hello No King But God
Thanks for your reply. I th...Hello No King But God<br /><br />Thanks for your reply. I think we've both said most of what we need to say and we understand each other's perspectives now.<br /><br />Just one last question. Why do you believe gold will need to rise to a value to cancel out all the debt? <br /><br />What if only 30% of the debt was bad and that 30% was taken as a haircut? What if the other 70% was mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-84484620301931835572010-06-05T12:52:43.913-07:002010-06-05T12:52:43.913-07:00Let's go to china.. and look at the piles of u...Let's go to china.. and look at the piles of usd .. gee...the paper guys will tell you.. that's the problem.<br /><br />Let's assume that these chinese are have 5 % gold reserves...<br /><br />If the price of gold X20.. they have not lost any buying powerFlorehttps://www.blogger.com/profile/15450575455102575693noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26533238016517239052010-06-04T15:47:30.292-07:002010-06-04T15:47:30.292-07:00Jim Willie latest from Gold Eagle editorials
http:...Jim Willie latest from Gold Eagle editorials<br />http://www.gold-eagle.com/editorials_08/willie060310.html <br /><br />Enjoycarpenterhttps://www.blogger.com/profile/10523048305328629100noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-51101586994336454482010-06-04T10:49:46.544-07:002010-06-04T10:49:46.544-07:00At miked,
Part 3.
What does this have to do with...At <a href="http://fofoa.blogspot.com/2010/06/stress-relief.html?showComment=1275625874762#c606271572641056688" rel="nofollow">miked</a>,<br /><br />Part 3.<br /><br />What does this have to do with your proportion of wealth held statement? Again, you are narrowly focusing on a snapshot in time that I would humbly argue is not at all representative of much of history, and most likely not of the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7281252283578609902010-06-04T10:45:13.791-07:002010-06-04T10:45:13.791-07:00At miked,
Part 2.
Let’s look at your statement t...At <a href="http://fofoa.blogspot.com/2010/06/stress-relief.html?showComment=1275625874762#c606271572641056688" rel="nofollow">miked</a>,<br /><br />Part 2.<br /><br />Let’s look at your statement that “I cannot see a market driven dynamic that would raise the gold price to a level to pay off total debt. Why would it rise to such a level on its own?”<br /><br />Your belief/doubt seems to be builtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22533358833294596002010-06-04T09:15:42.689-07:002010-06-04T09:15:42.689-07:00At miked,
Thanks for the reply – you seem to be m...At <a href="http://fofoa.blogspot.com/2010/06/stress-relief.html?showComment=1275625874762#c606271572641056688" rel="nofollow">miked</a>,<br /><br />Thanks for the reply – you seem to be much quicker at getting these out than me! I’ll break this reply up into several comments for ease of reading and replying.<br /><br />First, with regard to your quote of FOFOA’s reply to Frycook, FOFOA is not Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-2333179744031309182010-06-04T06:48:13.816-07:002010-06-04T06:48:13.816-07:00@kewl
Nice one. I just used the "buy it now&...@kewl<br /><br />Nice one. I just used the "buy it now" button (or as it should be called the "buy gold now" button) so will see what it comes out at on the CCard statement...<br /><br />haha I love buying gold bullion on credit!! heheebikeguruhttps://www.blogger.com/profile/09287545925693281736noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6062715726410566882010-06-03T21:31:14.762-07:002010-06-03T21:31:14.762-07:00Hello No King But God
Thanks for the clarificatio...Hello No King But God<br /><br />Thanks for the clarification. In reply to you and with my own clarification:<br /><br /><i>"I don’t believe that FOFOA, however, has ever argued that governments in Freegold would have to actively support/manipulate the gold price to take it or keep it higher"</i><br /><br />Take a look here in the comments section: http://fofoa.blogspot.com/2010/04/mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27152092660336822222010-06-03T15:36:12.846-07:002010-06-03T15:36:12.846-07:00From the middle of the interview :
http://www.kin...From the middle of the interview :<br /><br />http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/6/3_Bill_Fleckenstein.htmlraptorhttps://www.blogger.com/profile/11472558794377090197noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9549919255890310532010-06-03T15:07:57.479-07:002010-06-03T15:07:57.479-07:00At miked,
Thought it best to reply here so as not...At <a href="http://fofoa.blogspot.com/2010/06/stress-relief.html?showComment=1275541327951#c5785866177119297038" rel="nofollow">miked</a>,<br /><br />Thought it best to reply here so as not to distract from the current post.<br /><br />We agree about one thing, at least – “Governments cannot set the gold price at some arbitrary level too far from where it belongs without expecting to go broke Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57858661771192970382010-06-02T22:02:07.951-07:002010-06-02T22:02:07.951-07:00"All but the very obstinate would understand....<i>"All but the very obstinate would understand..."</i><br /><br />I think this demonstrates adequately who of us is obstinate. And a tad arrogant. Are you saying I don't understand what I have read? I had already read the article you posted. Your line of argumentation is akin to those who say we cannot use logic and physical evidence to support a thesis that God does not exist. mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31732684966079705282010-06-02T19:59:41.643-07:002010-06-02T19:59:41.643-07:00according to adrian douglas and harvey organ, they...according to adrian douglas and harvey organ, they think the comex has a good chance of being blown up this month.<br /><br />another said<br />There are only two threats to the world fiat currency system at present. The oil states could stop buying US$ for oil and drop all paper gold for real bullion. Or, the masses could buy up all the physical supplies thereby breaking the OIL/GOLD/US$ bond.<Mikehttps://www.blogger.com/profile/17801046198211810990noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60009666896707209222010-06-02T18:57:19.184-07:002010-06-02T18:57:19.184-07:00Interesting that Iran is buying USD and gold. ht...Interesting that Iran is buying USD and gold. http://www.reuters.com/article/idUSLDE65115U20100602?type=marketsNews <br /><br />I like the last line...<br />"The liquidity of both the euro and the dollar and the difficulty of switching large portfolios to other currencies mean there are no alternatives to them in the near term, the sources in Brazil, India, Japan and South Korea said in Sigo Plapalhttps://www.blogger.com/profile/11777833271104239679noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27098269151096201862010-06-02T16:01:38.928-07:002010-06-02T16:01:38.928-07:00@ No King But God
Very well said. I had tried to m...@ No King But God<br />Very well said. I had tried to make the same point about ratios, formulas, and calculations in the previous post's comment section. <br />All but the very obstinate would understand FOFOA's repeated conjectures about the future price of gold.Greyfox "It's the Debt, Stupid"https://www.blogger.com/profile/02320201468671472952noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27718502459647479122010-06-02T14:20:49.346-07:002010-06-02T14:20:49.346-07:00At miked,
The point, which FOFOA and others have ...At <a href="http://fofoa.blogspot.com/2010/06/stress-relief.html?showComment=1275506853271#c4192967890904821786" rel="nofollow">miked</a>,<br /><br />The point, which FOFOA and others have repeated ad infinitum, is that THERE IS NO EQUILIBRIUM PRICE FOR GOLD!<br /><br />You can analyze all the ratios, formulas, and calculations that you want. You can look at all the past stock prices, monetary Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-70874823232627163252010-06-02T14:13:04.166-07:002010-06-02T14:13:04.166-07:00Iran, Middle East, Hmmm... then it is the liliputa...Iran, Middle East, Hmmm... then it is the liliputans, lemmings with the right mindset who collectively do the needed job. All people living in EU reading the news about Iran diversifying into bullion should take a note and think what will happen now... I am still wandering how the market will react. The game seems to be more readable day by day (thought more surprises come in).@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-11975088270473913792010-06-02T13:49:59.373-07:002010-06-02T13:49:59.373-07:00If selling gold lowers its price, and if this caus...If selling gold lowers its price, and if this causes a deterioration of the balance sheet, why would any nation sell it?<br /><br />Nevertheless, I agree with you that the business cycles would not be abolished, since the central banks are driving the business cycle.<br /><br />Most probably, at some point, pendulum would swing to financial assets. The total value financial assets would begin to Tekinhttps://www.blogger.com/profile/11845615010859499628noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1946685475977248022010-06-02T13:23:57.918-07:002010-06-02T13:23:57.918-07:00"Well, the Chinese could make this calculatio...<i>"Well, the Chinese could make this calculation and enter into the physical market and drive the price into level which resuscitates their balance sheet into life.</i><br /><br />This strategy works fine if you consider a snapshot in time at the revaluation event. But what happens afterward when supply and demand come into play? Nations with too much gold will start selling to even things mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7960825999829980282010-06-02T13:05:49.910-07:002010-06-02T13:05:49.910-07:00@ miked
Yeah guys. Nobody is going to work out who...@ miked<br /><i>Yeah guys. Nobody is going to work out who owes what to who and revalue gold to that level.</i><br /><br />Well, the Chinese could make this calculation and enter into the physical market and drive the price into level which resuscitates their balance sheet into life.<br /><br />@ stibot<br /><br />I read this argument from A/FOA/Belgian some time ago. They did not make a Tekinhttps://www.blogger.com/profile/11845615010859499628noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41929678909048217862010-06-02T12:27:33.271-07:002010-06-02T12:27:33.271-07:00Yeah guys. Nobody is going to work out who owes wh...Yeah guys. Nobody is going to work out who owes what to who and revalue gold to that level.<br /><br />What is the point really? As soon as it's all said and done gold will drift back down to its equilibrium level and the Chinese will still have a bunch of overvalued poo on their balance sheet.mikedhttps://www.blogger.com/profile/13981067672117897379noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-80734547897044692002010-06-02T10:51:10.803-07:002010-06-02T10:51:10.803-07:00@Tekin: so if Chineses are smart enough, they will...@Tekin: so if Chineses are smart enough, they will say they have miscounted and in reality have only 10 tons of gold. The price will be 2,6 mil. USD per oz. then. Good deal for China.<br /><br />I consider your calculation more hilarious compared to what FOFOA concluded in <a href="http://fofoa.blogspot.com/2010/05/reflection.html" rel="nofollow">Reflection</a> article.stibothttps://www.blogger.com/profile/04496901575312017807noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6763946390186669652010-06-02T10:16:13.353-07:002010-06-02T10:16:13.353-07:00@ miked;
If you are planning to hyperinflate Chin...@ miked;<br /><br />If you are planning to hyperinflate Chinese dollar assets into oblivion, then you have to revalue gold such that Chinese gains on gold offsets their loss on on dollar assets:<br /><br />Chinese are reported to have 1054 tons of gold.<br />http://en.wikipedia.org/wiki/Gold_reserve<br /><br />This is 1054e6/31.10348~33.89e6 ounces.<br /><br />Chinese government holds 895 Tekinhttps://www.blogger.com/profile/11845615010859499628noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-44309903184904779822010-06-02T10:03:02.290-07:002010-06-02T10:03:02.290-07:00IMPORTANT NEWS: World currency unit intended to ri...<a href="http://www.financialpost.com/story.html?id=3086360#ixzz0pdkPP6d9" rel="nofollow">IMPORTANT NEWS: World currency unit intended to rival U.S. dollar for supremacy.</a><br /><br />A new currency is intended to challenge the U.S. dollar as the world's foremost reserve currency. The WOCU, short for world currency unit, was actually launched by London-based WDX Organization in September Unknownhttps://www.blogger.com/profile/09196802077456104331noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-28521100128716051372010-06-02T09:12:47.009-07:002010-06-02T09:12:47.009-07:00IMHO the US will never accept a gold standard, nor...IMHO the US will never accept a gold standard, nor freegold. It is one thing to argue it is a natural birthing process and forced upon it (frog boiling analogy) and another altogether to suggest the US capitulates willingly to the handcuffs. When GS is writing articles about SDRs and the Swiss are holding meetings with the IMF on reserve assets you can bet that there are 5 different soft fx Shttps://www.blogger.com/profile/05174134063094011064noreply@blogger.com